The Asia Pacific Acrylonitrile-Butadiene-Styrene (ABS) Resin market is valued at XX USD billion in 2015 and is expected to grow at CAGR of XX% during the forecast period. Asia Pacific region accounts for the largest market share. It is expected to be the fastest growing one, witnessing a CAGR of XX%, during the forecast period, on account of the growing middle class population in the region. Asia-pacific market is dominated by the China, which accounts for over 75% of the Asia Pacifics market share by volume.
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The appliances and electronics & electrical applications, have the largest share in the market collectively accounting for about XX% of the global share, by volume. This is followed by the automobile sector.
The automobile segment is expected to be the fastest growing segment during the forecast period, driven by the growing automobile sector. The construction sector is expected to witness a stable growth rate.
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One of the major driver for this market is the growth in the end-user industries such as automotive industry.
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The increase in disposable income of people also give rise to their purchasing power thus they will buy more of durable products, which is further driving the ABS resins market. Asia Pacific is the region where there are lot of new emerging economies thus this market is expected to grow in coming years also.
The major challenge faced by this market is the development of sustainable products which can replace ABS resins applications in any areas. The production of ABS resins results in emission of solid waste & waste gases and it is also harmful to human beings, hence the stringent environmental regulations are being made to avoid these, which is a major challenge to this market.
Some of the major players in this market are Chei Mei, Styron Group, Chemtura Corporation, SABIC, BASF, The Dow Chemical Company and Covestro.
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What the Report Offers
Market Definition along with identification of key drivers and restraints for the market.
Market analysis with region specific assessments and competition analysis on Asia-Pacific and regional scale.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on Asia-Pacific and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the industry on both Asia-Pacific and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Key Questions Answered In This Report
· What will the market size and the growth rate be in 2022?
· What are the key factors driving this report?
· What are the key market trends impacting the growth of this report?
· What are the challenges to market growth?
· Who are the key vendors in this market space?
· What are the market opportunities and threats faced by the vendors in this report?
· Trending factors influencing the market shares of the Americas, APAC, and EMEA?
· What are the key outcomes of the five forces analysis of this report?
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