|By PR Newswire||
|August 29, 2014 10:30 AM EDT||
ALBANY, New York, August 29, 2014 /PRNewswire/ --
Transparency Market Research, in its latest research report states, the global acrylonitrile butadiene styrene (ABS) market will grow at a CAGR of 7% from 2012 to 2018. This market was valued at $16.2 billion in 2011, and is expected to reach $26.1 billion by 2018. The report titled, "Acrylonitrile Butadiene Styrene (ABS) Market - Applications (Appliances, Electronics, Automotive, Consumer Goods & Construction), Global Industry Analysis, Size, Share, Growth And Forecast 2012 - 2018", is available for sale on the company's website.
Browse the full Acrylonitrile Butadiene Styrene (ABS) Market Report: http://www.transparencymarketresearch.com/acrylonitrile-butadiene-styrene.html
Acrylonitrile butadiene styrene is a tough and an extremely durable engineering plastic that is widely used in several industries. Its properties such as colorfastness, durability, superlative tensile strength, impact strength, and resistance to chemicals make it a preferred material for many engineering applications. The growth in the acrylonitrile butadiene styrene is mainly driven by rising demand from the end user industries such as consumer goods, appliances, and automobiles. Its demand is growing at a fast pace as most of the automobile companies are looking out for light weight, but high performance material to increase vehicles' fuel efficiency. Using this material for making trims, panels, and coatings, reduces the vehicle's weight, thus enabling better fuel utilization.
Related & Recently Published Reports by Transparency Market Research
- Medical Adhesives and Sealants Market: http://www.transparencymarketresearch.com/adhesives-and-sealants-market.html
- Synthetic Paper Market: http://www.transparencymarketresearch.com/synthetic-paper-market.html
- Adhesives and Sealants Market: http://www.transparencymarketresearch.com/latin-america-adhesives-sealants-market.html
Despite the steady market drivers, ABS faces a herculean challenge from thermoplastics, especially polystyrene and polypropylene. Both these plastic variants are used as substitutes for ABS in the automobile and consumer goods industry. The other major market restraint ABS is facing is strict regulatory framework, as exposure of ABS to humans and the environment is extremely hazardous.
For further inquiries, click here: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=3025
China is the biggest consumer for ABS and is expected to remain so in the coming five years. The country is expected to account for 61% of global demand by 2018. The reasons supporting this growth are increasing number of multinationals outsourcing their manufacturing to China due to low labor costs. As the country takes the baton to be the leading automobile manufacturer across the globe, its demand of plastics such as ABS is also adding to the market's growth. Asian countries such as India, Japan, Korea, and Taiwan are the next market share holders after China. This region, put together, accounted for 15% of global market demand in 2011. However, as manufacturing units shift to India and China, the demand in North America is likely to stagnate in the forecasted period.
The report studies some of the key players in the industry such as LG Chem, Formosa Plastic Company, Chi Mei Corporation, SABIC, and Styrolution among others.
Browse all Chemical and Materials Market Research Reports: http://www.transparencymarketresearch.com/chemical-market-reports-2.html
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. We are privileged with highly experienced team of Analysts, Researchers, and Consultants, who use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Ms. Sheela AK
90 Sate Street, Suite 700
Albany, NY 12207
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Company Blog: http://www.tmrblog.com/
Browse All PR: http://www.transparencymarketresearch.com/press-releases.htm
Browse All Articles: http://www.transparencymarketresearch.com/articles.htm
SOURCE Transparency Market Research
Sep. 4, 2015 12:00 AM EDT Reads: 375
Sep. 4, 2015 12:00 AM EDT Reads: 446
Sep. 4, 2015 12:00 AM EDT Reads: 309
Sep. 3, 2015 11:30 PM EDT Reads: 118
Sep. 3, 2015 11:15 PM EDT Reads: 117
Sep. 3, 2015 10:15 PM EDT Reads: 107
Sep. 3, 2015 10:00 PM EDT Reads: 183
Sep. 3, 2015 10:00 PM EDT Reads: 485
Sep. 3, 2015 08:30 PM EDT Reads: 154
Sep. 3, 2015 05:30 PM EDT Reads: 362
Sep. 3, 2015 05:15 PM EDT Reads: 533
Sep. 3, 2015 05:00 PM EDT Reads: 545
Sep. 3, 2015 04:30 PM EDT Reads: 429
Whether you like it or not, DevOps is on track for a remarkable alliance with security. The SEC didn’t approve the merger. And your boss hasn’t heard anything about it. Yet, this unruly triumvirate will soon dominate and deliver DevSecOps faster, cheaper, better, and on an unprecedented scale. In his session at DevOps Summit, Frank Bunger, VP of Customer Success at ScriptRock, will discuss how this cathartic moment will propel the DevOps movement from such stuff as dreams are made on to a prac...
Sep. 3, 2015 04:00 PM EDT Reads: 260
The 3rd International WebRTC Summit, to be held Nov. 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA, announces that its Call for Papers is now open. Topics include all aspects of improving IT delivery by eliminating waste through automated business models leveraging cloud technologies. WebRTC Summit is co-located with 15th International Cloud Expo, 6th International Big Data Expo, 3rd International DevOps Summit and 2nd Internet of @ThingsExpo. WebRTC (Web-based Real-Time Com...
Sep. 3, 2015 03:00 PM EDT Reads: 1,606