European ABS Market is Projected to Grow at a CAGR of 3.6%

Date: 2015-08-15

“In this report, the European ABS market has been broadly classified on the basis of application and geography. The applications covered in the report include transportation, consumer goods & appliances, and electrical & electronics, among others. On the basis of geography, the market has been segmented into Germany, Italy, Russia, and France. 

The European ABS market is projected to grow at a CAGR of 3.6% during the forecast period, 2014 to 2019. The transportation segment is expected to be the fastest-growing application segment in the European market, projected to grow at a CAGR of 4.3% during the given forecast period. Factors such as growing manufacturing industries and growing automobile sector are driving the growth of the European ABS market. 

The European ABS market is a competitive market with a number of market players. As of 2013, the market is majorly dominated by Tabriz Petrochemicals (Iran), Nizhnekamskneftekhim (Russia), Styrolution (Germany), Styron LLC (U.S.), and Elix Polymers (Spain), among others. New product launches, partnerships, agreements, collaborations, and joint ventures are the major strategies adopted by most market players to achieve growth in the ABS market.

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