Acrylonitrile Butadiene Styrene Market will register a CAGR of 3% during 2020-2024. The market’s growth momentum will Accelerate.
Increasing demand for ABS from China | Rising demand for ABS from the automotive sector | Rise in demand for plastic pipes and sheets will be one of the major factors driving the growth of this market. Additionally, key Acrylonitrile Butadiene Styrene (ABS) Market trends such as the Rise in demand for plastic pipes and sheets will also influence market growth during the forecast period.
Acrylonitrile Butadiene Styrene (ABS) Market Size
During the forecast period, the Acrylonitrile Butadiene Styrene (ABS) Market size will grow by 1387.12 million t.
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Acrylonitrile Butadiene Styrene (ABS) Market : Vendors
The market is concentrated and owing to the growth opportunities, the level of competition among the companies in this market space will intensify further. are some of the major companies in the Acrylonitrile Butadiene Styrene (ABS) Market. Though the forecast period offers opportunities for vendors to increase their market share, factors such as the Fluctuating crude oil prices | Health hazards caused by acrylonitrile | Increasing demand for biopolymers will also challenge the growth of the companies.
Avient Corp. | BASF SE | Chi Mei Corp. | Daicel Corp. | Formosa Plastics Corp. | INEOS Group Holdings SA | LG Chem Ltd. | Mitsui Chemicals, Inc. | Saudi Basic Industries Corp. | Toray Industries Inc..list
are some of the companies covered in Technavio’s Acrylonitrile Butadiene Styrene (ABS) Market report for 2021-2025.
Acrylonitrile Butadiene Styrene (ABS) Market : Region-level Analysis
The report identifies region-level market dynamics, developments, and key markets. The regional level analysis also identifies the market share, growth momentum, and key leading countries in the Acrylonitrile Butadiene Styrene (ABS) Market.
The APAC will account for the largest Acrylonitrile Butadiene Styrene (ABS) Market share and during 2021-2025, the region will contribute to 76% of the market’s growth.
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