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Asia Pacific Acrylonitrile Butadiene Styrene Market Analysis, Capacity by company, Capacity by location, Production by Company, Operating Efficiency, Capacity by Process, Capacity by Technology, Demand & Supply Gap, Demand by sales channel, 2015-2030
|Published by||ChemAnalyst||Product code||995969|
|Published||annual subscription||Content info|
|Asia Pacific Acrylonitrile Butadiene Styrene Market Analysis, Capacity by company, Capacity by location, Production by Company, Operating Efficiency, Capacity by Process, Capacity by Technology, Demand & Supply Gap, Demand by sales channel, 2015-2030|
|Published: annual subscription||Content info:||
Asia Pacific Acrylonitrile Butadiene Styrene (ABS) demand stood at 11.01 Million Tonnes in 2020 and is forecast to reach 16.093 Million Tonnes by 2030, growing at a healthy CAGR of 4.12% until 2030. The growth can be attributed to the rise in demand for automobiles, electrical & electronic equipment, and consumer goods. China is among the major countries, where the ABS demand is rising at a commendable rate due to the establishment of major industries such as automotive, electronics, and consumer goods. Asia Pacific region majorly includes developing economies that are focusing on infrastructure development, which is contributing to the growing demand for ABS from the construction sector. The increasing population and per capita income in this region accounts for the huge demand for electronic & electrical equipment, FMCG products, which is positively impacting the growth of the Asia Pacific Acrylonitrile Butadiene Styrene market. The COVID-19 outbreak led to major economic disruptions across the world with repeated lockdowns, shutting down of production units, interruptions in the supply chain, decline in consumer demands, etc., which resulted in the deteriorating need for ABS. However, as the world is slowly recovering, there has been a sudden demand for electronic devices and automobiles in the region, which could positively impact the growth of the Asia Pacific Acrylonitrile Butadiene Styrene market.
Under this subscription, you would be able to access Asia Pacific Acrylonitrile Butadiene Styrene market demand and supply analysis on a cloud-based platform for one year. The data is updated on a near real-time basis to add any new movement in the industry including, but not limited to new plant announcements, plant shutdowns, temporary disruptions in demand or supply, news and deals much more specific to Acrylonitrile Butadiene Styrene.
Years Considered for Analysis:
Historical Years: 2015 - 2019
Base Year: 2020
Estimated Year: 2021
Forecast Period: 2022 - 2030
This report will be delivered on an online digital platform with a one-year subscription and quarterly update.
To extract data for the Asia Pacific Acrylonitrile Butadiene Styrene market, the ChemAnalyst team conducts primary research surveys with Acrylonitrile Butadiene Styrene manufacturers, suppliers, distributors, wholesalers, and customers, followed by exhaustive secondary research to cross-validate the information being collected through primary research surveys.