Transparency Market
Research
Acrylonitrile Butadiene Styrene Market - Applications,
Global Industry Analysis, Size, Share, Growth And
Forecast 2012 - 2018
Published Date
28-Feb-2013
104 Page Report
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High Number of Production Units to Make Emerging Nations
Lucrative Market for Acrylonitrile Butadiene Styrene, says
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Acrylonitrile Butadiene Styrene Market
REPORT DESCRIPTION
Acrylonitrile Butadiene Styrene Market - Applications, Global Industry Analysis, Size, Share, Growth
And Forecast 2012 - 2018
The global acrylonitrile butadiene styrene market is consolidated and saw the top four producers accounting for
a sizable stake of 65% in the market’s revenues in 2012. These are LG Chemical, Styrolution, Chi Mei
Corporation, and Formosa Plastic Corporation. Large multinational companies have a strong regional presence
and are looking for expansion thus, undertaking joint ventures and acquisitions to grow further. The acrylonitrile
butadiene styrene market faces credible threat from substitutes such as is polypropylene (PP), polycarbonates,
polyurethane (PU), and polystyrene (PS). The threat of new entrants is expected to rise from low to medium
owing to the consolidated nature of the market.
According to the report, the global market opportunity in acrylonitrile butadiene styrene is expected to rise from
US$21.43 bn in 2015 to US$26.15 bn by 2018. By application, the appliances segment is expected to lead and
account for 33.2% of the market by 2018. China is expected to account for 60.1% of the market by 2018. China
is the largest manufacturer and consumer of ABS worldwide. The large end-user industries located in the
region coupled with low operating and labor costs can be credited for the growth of the market...