Table of Contents
ABS Resin is a superior product among the styrene family. It is the co-polymer of acrylonitrile, butadiene, and styrene. Due to exceptional resistance and toughness properties, it best serves in manufacturing products such as pipes, faucets, automotive body parts, golf club heads, protective head gear, toys and so on. China is the largest consumer of the ABS resins, accounting for more than 50% of the share of the consumption. The growing consumer appliances product segment is the major driver for the ABS resin market in China, with its inhabitants willing to spend on robust and high-quality products.
The market will progress with global companies actively investing in R&D and marketing in order to widen their share. Acquisitions have also been significant and will propel the innovations in the industry. Furthermore, the abundant production activity will aid the growth in future.
China, North America, Europe and Asia account for substantial shares in the market owing to increasing consumption rate with China being the largest consumer. The emerging middle class population and their disposable income will drive the consumer appliances market in the developing economies and enhance demand for ABS resin. The market in developed regions will also be escalated with global companies venturing extensively into the market.
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