According to Fortune Business Insights The global acrylonitrile butadiene styrene market size is projected to reach USD 42,809.5 million by 2027, exhibiting a CAGR of 6.9% during the forecast period. Phenomenal growth in the global construction industry will be a prime growth driver for this market, states Fortune Business Insights™ in its report, titled “Acrylonitrile Butadiene Styrene Market Size, Share & Industry Analysis, By Application (Appliances, Automotive, Consumer Goods, Construction, Electronics, and Others), and Regional Forecast, 2020-2027”. The construction industry has entered a phase of prolific expansion due to the rapid growth in world population and proliferation of residential and commercial spaces in urban areas. According to a study by Oxford Economics and Global Construction Perspectives, the volume of construction output is slated to grow by 85%, hitting a value of USD 15.5 trillion by 2030. Led by construction activities in China, India, and the US, Oxford Economics, in a recent report predicted that even amid the COVID-19 pandemic, the construction industry will rise by 35% and reach USD 5.8 trillion by 2030. Acrylonitrile butadiene styrene (ABS), a versatile thermoplastic, is known for its structural sturdiness, superior impact strength, resistance to corrosive chemicals, and excellent mechanical and insulating properties, making it an essential component in the construction of buildings. Thus, as construction activities surge around the world, the demand for ABS is likely to remain steady over the forecast period.
The report states that the global acrylonitrile butadiene styrene market size value in 2019 was at USD 25,135.0 million.
The main highlights of the report include:
- Surgical analysis of the major market drivers, trends, and restraints;
- In-depth diagnosis of each and every market segment;
- Unmatched research into the regional developments and prospects of the market; and
- Valuable insights into the profiles and strategies of the key market players.
Restraining Factor
Fluctuating Demand for Plastics from the Auto Industry amid COVID-19 to Inhibit Growth
The arrival of COVID-19 led to massive upheavals in several industries, with the plastics industry is facing a moderateimpact of the pandemic, which in turn in expected to have spillover effects on the acrylonitrile butadiene styrene market growth. Polymer manufacturers catering specifically to the automotive industry have been severely hit by the pandemic as many large automakers worldwide have had to shut down their operations in response to lockdowns and plummeting demand. For example, Fiat Chrysler announced that it will be ending its production activities at its plants in Serbia, Italy, and Poland, while Volkswagen declared closure of its plant in Spain. According to a survey conducted by the US-based Manufacturers Association for Plastics Processors (MAPP) in August 2020, plastic businesses linked almost exclusively to the automotive sector are on track to meet only 75% of the expected revenues in 2020. Since ABS materials are widely adopted for making various auto components, a slump in the auto industry will inevitably hinder the growth of this market.
Browse Summary of This Research:
https://www.fortunebusinessinsights.com/acrylonitrile-butadiene-styrene-abs-market-104538
The global acrylonitrile butadiene styrene market size is projected to reach USD 42,809.5 million by 2027, exhibiting a CAGR of 6.9% during the forecast period.
According to a study by Oxford Economics and Global Construction Perspectives, the volume of construction output is slated to grow by 85%, hitting a value of USD 15.5 trillion by 2030.
Acrylonitrile butadiene styrene (ABS), a versatile thermoplastic, is known for its structural sturdiness, superior impact strength, resistance to corrosive chemicals, and excellent mechanical and insulating properties, making it an essential component in the construction of buildings.
Restraining FactorFluctuating Demand for Plastics from the Auto Industry amid COVID-19 to Inhibit GrowthThe arrival of COVID-19 led to massive upheavals in several industries, with the plastics industry is facing a moderate impact of the pandemic, which in turn in expected to have spillover effects on the acrylonitrile butadiene styrene market growth.
Polymer manufacturers catering specifically to the automotive industry have been severely hit by the pandemic as many large automakers worldwide have had to shut down their operations in response to lockdowns and plummeting demand.
For example, Fiat Chrysler announced that it will be ending its production activities at its plants in Serbia, Italy, and Poland, while Volkswagen declared closure of its plant in Spain.
The global acrylonitrile butadiene styrene market size is projected to reach USD 42,809.5 million by 2027, exhibiting a CAGR of 6.9% during the forecast period.
Acrylonitrile butadiene styrene (ABS), a versatile thermoplastic, is known for its structural sturdiness, superior impact strength, resistance to corrosive chemicals, and excellent mechanical and insulating properties, making it an essential component in the construction of buildings.
The main highlights of the report include:Surgical analysis of the major market drivers, trends, and restraints;In-depth diagnosis of each and every market segment;Unmatched research into the regional developments and prospects of the market; andValuable insights into the profiles and strategies of the key market players.
Restraining FactorFluctuating Demand for Plastics from the Auto Industry amid COVID-19 to Inhibit GrowthThe arrival of COVID-19 led to massive upheavals in several industries, with the plastics industry is facing a moderateimpact of the pandemic, which in turn in expected to have spillover effects on the acrylonitrile butadiene styrene market growth.
Industry Development:September 2020: Covestro AG announced its futuristic automotive headlight concept that involves the usage of only one material, the polycarbonate Makrolon, which meets the functional and aesthetical demands of vehicles.
The headlight will also utilize a blend of acrylonitrile butadiene styrene along with a scratch-resistant coating to cover the outer lens.
High prevalence of coronary artery disease, changes in lifestyles and a rise in the geriatric population are the key factors contributing to the CAGR in the forecasted period.Market Size – USD 8.30 Billion in 2018, Market Growth - CAGR of 7.9%, Market Trends – launch of new, more efficient types of stents for better results.According to the current analysis of Reports and Data, the global Coronary Stents market was valued at USD 8.30 Billion in 2018 and is expected to reach USD 15.37 Billion by the year 2026 at a CAGR of 7.9%.
With the rising advancements and launch of new products, there is huge scope to the product.Key companies profiled in the report include Boston Scientific Corporation, Medtronic Plc, Abbott Laboratories, B. Braun Melsungen AG, Vascular Concepts, Stentys SA, Biosensors International Group Ltd. and Orbus Neich.Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1736The report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behavior shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Coronary Stents market.The report discusses in detail the global production capacity, demand and supply ratio, market dynamics, and comprehensive analysis of the competitive landscape.
It provides an industry-wide analysis of the market share of each players along with their business portfolio, production and manufacturing capacity, product portfolio, business expansion plans, financial standing, and strategic alliances such as mergers and acquisitions, joint ventures, and collaborations, among others.Request a discount on the report @ https://www.reportsanddata.com/discount-enquiry-form/1736The regional bifurcation of the market analyzes key market segments such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The report discusses in detail the market growth, market size, revenue growth, market share, production and consumption, demand and supply, current and emerging trends, and technological developments in each region.The key geographical regions analyzed in the market report are:North America (U.S.A., Canada)Europe (U.K., Italy, Germany, France, Rest of EU)AsiaPacific (India, Japan, China, South Korea, Australia, Rest of APAC)Latin America (Chile, Brazil, Argentina, Rest of Latin America)Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)Coronary Stents Market Segmentation based on Types:By Type (Revenue, USD Million; 2016–2026)Dual Therapy StentsDrug Eluting StentsBio-engineered StentsBare Metal StentsBioresorbable Vascular Scaffold (BVS)By End Use (Revenue, USD Million; 2016–2026)HospitalsAmbulatory Surgical CentersCardiac CentersBy Material (Revenue, USD Million; 2016–2026)MetalPolymerCopolymerTo know more about the report @ https://www.reportsanddata.com/report-detail/coronary-stents-marketFurther key findings from the report suggestMinimal invasiveness has been attracting the attention of many in the recent times.
This is due to the extensive facilities offered in hospitals.The coronary stents are of two types in terms of delivery.
These include, balloon expandable stents and self-expandable stents.The existence of alternatives for coronary angioplasty has also become a restraining factor for the coronary stents market.
The Global Naphthalene-Formaldehyde Condensates Market 2020-2026 contains an extensive analysis of the significant fragments like market openings, import/export details, market elements, key manufacturers, development rate, and key regions.
The Naphthalene-Formaldehyde Condensates market development is relied upon to enlist a CAGR of Growing rate during the forecast period.
Naphthalene-Formaldehyde Condensates Market reports offer a detailed appraisal of the Naphthalene-Formaldehyde Condensates including empowering technologies, current market situation, market presumptions, restraining components.Key data regarding market size, market share, measurements, application, and revenue are in the research to build up an ensemble expectation.
This research provides a detailed competitive analysis concentrating on business viewpoint emphasizing expansion techniques acknowledged by market majors.
Global Industry Research Report is a deep analysis of the authentic and current status of the market for the Global Naphthalene-Formaldehyde Condensates industry.
Also, the research report sorts the global Naphthalene-Formaldehyde Condensates market by Segment by Player, Type, Application, Marketing Channel, and Region.Detailed TOC along with also Charts & Tables of Naphthalene-Formaldehyde Condensates Market Research Report accessible at: https://www.futuristicreports.com/request-sample/29652Key Players Mentioned at the Naphthalene-Formaldehyde Condensates Market Report:Huntsman International LLC.Koppers Inc.Clariant AGCromomgenia UnitsArkema GroupGiovanni Bozzetto S.P.A.KAO CorporationKing Industries, Inc.BASF SEEvonik Industries AG.Rütgers Group Applications Application 1Application 2Application 3Application 4Application 5TypesType 1Type 2Type 3Type 4Type 5Regional Or Country Level Customization : https://www.futuristicreports.com/customize-request/29652Naphthalene-Formaldehyde Condensates Market: Regional analysis includes:Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)Europe (Turkey, Germany, Russia UK, Italy, France, etc.
