Research and Markets: Asia-Pacific Acrylonitrile Butadiene Styrene (ABS) Market 2015-2018 with Chi Mei Company, LG Chem, and Formosa Plastic Corp Dominating the $11 Billion market
By Business Wire News
Research and Markets (http://www.researchandmarkets.com/research/mh5x9m/asiapacific) has announced the addition of the “Asia-Pacific Acrylonitrile Butadiene Styrene (ABS) market: Applications, and Country – Forecasts to 2018” report to their offering.
The Asia-Pacific acrylonitrile butadiene styrene market, in terms of value, is projected to reach $16,039 million by 2018 from $11,755 million in 2013, at a CAGR of nearly 6.4% from 2013 to 2018
The growing manufacturing industries, growing automobile sector, and the replacement of heavy weight consumer materials with low weight consumer materials are some of the key factors driving the market growth. On the other hand, dynamic pricing of butadiene and the components that are used for manufacturing ABS are expected to restrain the market growth in the coming years.
Based on applications, the ABS market has been segmented into transportation, electrical & electronics, consumer goods & appliances, and other applications. Consumer goods & appliances accounted for the largest market share of nearly 50% in 2013. This segment would continue to dominate the market, although the transportation segment is projected to grow at a faster CAGR during the forecast period. The lightweight and heavy strength of the ABS materials are some of the major reasons for the growth of this market.
Based on country, the ABS market is segmented into China, Japan, Korea, Taiwan, and India. China accounted for the largest market share among the countries and continues to dominate the market during the projected period. In terms of growth rate, India is projected to grow at a faster CAGR between 2013 and 2018.
The key players in the Asia-Pacific ABS market include Chi Mei Company (China), LG Chem (China), and Formosa Plastic Corporation (Taiwan).
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Acrylonitrile Butadiene Styrene Market, By Application
6 Acrylonitrile Butadiene Styrene Market, By Country
7 Acrylonitrile Butadiene Styrene Market: Competitive Landscape
8 Asia-Pacific Acrylonitrile Butadiene Styrene Market, By Company
– Chi Mei Company
– Formosa Chemicals & Fibre Group
– LG Chemicals
– Samsung Cheil Industry
– Styrolution Petrochemicals
For more information visit http://www.researchandmarkets.com/research/mh5x9m/asiapacific
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