The Report “Asia-Pacific Acrylonitrile Butadiene Styrene (ABS) market: Applications (Consumer Goods & Appliances, Electrical & Electronics, Transportation, and Others), and Country (China, Japan, Korea, Taiwan, India) - Forecasts till 2018” is estimated to reach $16,039 million by 2018, at a CAGR of 6.4% from 2013 to 2018.
Browse through the TOC of the Asia Pacific Acrylonitrile Butadiene Styrene Market for an analysis of industry trends and segments, with the help of various tables and figures.
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The Asia-Pacific ABS market is significantly expanding into their end-use industries. They have different characteristics according to their manufacturing and application requirements in end products. China is expected to dominate this market with its growing demand for ABS in different applications, especially in the transportation, consumer goods, and rubber industries. The markets in Japan and India are estimated to show rising growth in the next five years with allied industries expected to stabilize the overall business need in respective regions.
Joint ventures and expansions are the key growth strategies in this market. Manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of formic acid to match the newer demand coming from various end-user industries.
China is the largest region, both in terms of volume and value, followed by Japan. Korea is expected to persist as a successful ABS market. The key players in the Asia-Pacific ABS market are Chi Mei Company (China), LG Chemicals (South Korea), Styrolution and Formosa Chemicals & Fiber (Taiwan), and others.
The market demand for ABS, in terms of value and volume, depicts current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, agreements, and mergers & acquisitions of the leading global companies.
The market size, in terms of value, of the Asia-Pacific ABS market was estimated at $11,218 million in 2013, and is projected to reach $16,039 million by 2018, growing at a CAGR of 6.4% between 2013 and 2018. The high demand across industries such as automotive, manufacturing, rubber, chemical & pharmaceuticals, and other industries will increase the overall consumption of ABS.
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