SAN FRANCISCO, November 18, 2015 /PRNewswire/ --
Global acrylonitrile butadiene styrene market is expected to reach USD 34.88 billion by 2022, according to a new report by Grand View Research, Inc. Rising government funding for large-scale infrastructure projects in Asian countries of China, India, and Indonesia is expected to propel construction industry growth which in turn is expected to have a positive impact on product demand over the next seven years.
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Increasing need for light weight automobiles on account of need for better fuel efficiency particularly in developed regions including Europe and North America is expected to be a major market driver.
Browse full research report with TOC on "Acrylonitrile Butadiene Styrene (ABS) Market Analysis By Application (Appliances, Automotive, Consumer, Construction, Electrical & Electronics) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/acrylonitrile-butadiene-styrene-market
Rising investments for innovative product developments and high-quality manufacturing processes, is expected to augment industry growth over the forecast period. Furthermore, strong economic growth coupled with removal of barriers for foreign investments in India is expected to spur construction sector which in turn will propel product demand over the forecast period.
Countries including India, China and Japan are expected to witness considerable growth in light of expanding product manufacturing base. However, raw material price volatility and availability of numerous biodegradable substitutes is expected to challenge the industry over the next seven years.
Further key findings from the report suggest:
Grand View Research has segmented the global ABS market on the basis of application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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