Acrylonitrile Butadiene Styrene (ABS)Market Growth, Industry Trends To 2020 by Grand View Research,
Grand View Research.com has announced the addition of "Acrylonitrile Butadiene Styrene (ABS)Market Analysis and Segment Forecasts To 2020" Market Research report to their Database.
The global Acrylonitrile Butadiene Styrene (ABS) market is expected to reach USD 30.35 billion by 2020, according to a new study by Grand View Research, Inc. ABS is one of the most preferred engineering plastics for automotive and appliances and is expected to witness growth over the forecast period owing to increased demand from these applications. There is increased focus on weight reduction in automobiles in order to have better fuel economy, which is expected to result in substitution of metals with plastics such as ABS. In addition, the augmented demand for consumer goods in emerging economies is expected boost the demand for engineering thermoplastics such as ABS.
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Appliances were the largest application segment accounting for nearly 2,500 kilo tons of overall ABS demand in 2013. The increasing demand for appliances in emerging economies of Brazil and China is expected to be a key factor having a positive impact on the market over the forecast period. ABS is also extensively used in electronics and electrical applications owing to its favorable physical and chemical properties and accounted for over 2,000 kilo tons of ABS demand in 2013.
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Further key findings from the study suggest:
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
For the purpose of this study, Grand View Research has segmented the global ABS market on the basis of application, product and region:
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