Recycling of ABS Plastics to Boost the Acrylonitrile Butadiene Styrene Market Growth



The global acrylonitrile butadiene styrene market is expected to post a CAGR of almost 6% during the period 2019–2023, according to the latest market research report by Technavio.
The automotive industry is currently the largest end-user of acrylonitrile butadiene styrene. It is used for the manufacture of various automobile components that include instrument panels, pillar trim, dashboard components, door liners and handles, seatbacks, and seatbelt components. With the increasing production of vehicles across the globe, the demand for acrylonitrile butadiene styrene will increase significantly during the forecast period.
Download the free sample report @ http://bit.ly/2vmewvQ
As per Technavio, the recycling of ABS plastics will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019–2023.
Global Acrylonitrile Butadiene Styrene Market: Recycling of ABS Plastics
Major end-users are opting to use recycled ABS due to the high cost of virgin ABS. The use of recycled ABS is helping end-users reduce the overall cost of production. The recycled ABS can be used in various applications such as automotive, construction, electrical and electronics, 3D printing and others. In addition, the presence of stringent regulations that promote the use of recycled plastics will further boost the growth of the market during the forecast period.
“Technological innovations and product innovations are some other major factors that will boost market growth during the forecast period”, says a senior analyst at Technavio.
Global Acrylonitrile Butadiene Styrene Market: Segmentation Analysis
This market report segments the global acrylonitrile butadiene styrene market by Application (Appliances, Electrical and electronics, Automotive, Construction, and Others) and Geography (APAC, Europe, MEA, North America, and South America).
The APAC region led the market in 2018, followed by Europe, North America, MEA, and South America respectively. During the forecast period, the APAC region is expected to maintain its dominance over the global market. This is due to the growth of various sectors such as automotive, construction, appliances, and electrical and electronics in the region

Comments

Post a Comment

Popular posts from this blog

Flexible Packaging Market – Top Insights On Forecast and Analysis 2020-2024

Image
The  flexible packaging market  size has the potential to grow by USD 59.22 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Flexible Packaging Market Market Competitive Analysis The flexible packaging market is fragmented. Market vendors are involved in price wars to expand their customer base, which further intensifies the competition. Amcor Plc, Berry Global Group Inc., and CCL Industries Inc. are some of the major market participants. Although the growing popularity of flexible bioplastic packaging will offer immense growth opportunities, increasing focus on reducing the use of plastic packaging will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Download the free sample report @  https://bit.ly/2Xa7d5n To help clients
Read more

Liquid Silicone Rubber Market – Latest Insights on Forecast and Analysis 2020-2024

Image
The liquid silicone rubber market size has the potential to grow by USD 715.78 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period. Market Competitive Analysis The market is concentrated, and the vendors in this marketspace mainly compete based on factors such as the cost of production, innovation in products, price, operational cost, R&D cost, and product quality. Focusing on increasing their product portfolio, liquid silicone rubber suppliers are increasingly investing in R&D activities. CHT Group, Elkem ASA, and KC Co. Ltd. are some of the major market participants. Although the rising demand for lightweight materials in the automotive industry will offer immense growth opportunities, the fluctuation in raw material prices will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while mainta
Read more

Scented Candles Market – Top Insights on The Latest Trends

Image
The  scented candles market  size has the potential to grow by USD 1816.06 mn during 2020-2024 Market Competitive Analysis The market is fragmented. Bolsius International BV, Diptyque SAS, Godrej Consumer Products Ltd., NEST Fragrances, Newell Brands Inc., Reckitt Benckiser Group Plc, S.C. Johnson & Son Inc., ScentAir Technologies LLC, The Bridgewater Candle Co., and The Procter & Gamble Co. are some of the major market participants. Factors such as increasing investment in household interiors, growing home décor market, and diversified product portfolio of key vendors will offer immense growth opportunities. However, stiff competition from the unorganized sector, emission of toxic fumes, and criticality of inventory management and product sourcing may impede market growth. To make the most of the opportunities, vendors should focus on growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Download the free samp
Read more