Global Acrylonitrile Butadiene Styrene (ABS) Market is Estimated to Grow at a CAGR of 5.6%

Date: 2015-08-12

“The global Acrylonitrile Butadiene Styrene (ABS) market is estimated to grow at a CAGR of 5.6% from 2014 to 2019. Asia-Pacific holds a larger share of the Acrylonitrile Butadiene Styrene (ABS) market and it is expected to grow at the highest CAGR of 7% in the forecast period. 

In this report, the Acrylonitrile Butadiene Styrene (ABS) market has been broadly classified on the basis of application and country. The application segment is divided into transportation, consumer goods and appliances, electrical and electronics and other application. On the basis of geography, the market is segmented into U.S., Canada and Mexico. 

The transportation is the fastest growing segment that is estimated to grow at the highest CAGR of nearly 4% from 2014 to 2019. Factors such as growing manufacturing industries and growing automobile sector drive the growth of this market. 

The North American Acrylonitrile Butadiene styrene (ABS) market is a competitive market with a number of market players. As of 2014, Acrylonitrile Butadiene styrene (ABS) market is majorly dominated by SABIC Innovative Plastics Holdings US LP (Saudi Arabia), Styrolution (Germany), Styron LLC (U.S.), Ineos ABS (Switzerland) and BASF (Germany) are the key players. New product launches & partnerships, agreements, collaborations and joint ventures are the major strategies adopted by most market players to achieve growth in the Acrylonitrile Butadiene styrene (ABS) market.

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