According to the new market research report the South America, Africa, and Middle East Acrylonitrile Butadiene Styrene (ABS) Market report defines and segments the concerned market with analysis and forecast of revenue. This market is projected to reach $1,140.2 Million by 2019 at a CAGR of 3.1% from 2014 to 2019.
Machine and fabricate is that low-cost Acrylonitrile Butadiene Styrene engineering plastic. It is an ideal material for structural applications wherein impact resistance, strength, and stiffness are required. It is widely used for machining pre-production prototypes since it has excellent dimensional stability and is easy to paint and glue.
Most of the Acrylonitrile Butadiene Styrene (ABS) is manufactured for the preparation of good strength, stiffness, and excellent aesthetic qualities. The good strength and aesthetic qualities are largely applicable in various applications, including appliances, consumer goods, electrical & electronics, transportation, automobiles, machined prototypes, structural components, support blocks, and housing, among others.
The appliances segment is the largest application segment in the South America, Africa, and Middle East Acrylonitrile Butadiene Styrene (ABS) market; it was valued at $405.5 million in 2014 and is expected to reach $496.1 million by 2019, at a CAGR of 3.3% from 2014 to 2019. The electrical & electronics segment is the second-largest contributor to the South America, Africa, and Middle East Acrylonitrile Butadiene Styrene (ABS) market; its market size is expected to grow from $233.1 in 2014 to $278.1 by 2019.
The major participants operating in the South American, African and Middle Eastern ABS market are Styrolution Group GmbH (Germany), SABIC Innovation Plastics Holdings US LP (Saudi Arabia), Styron LLC (U.S.), and Ineos ABS (Switzerland), among others. New product launches, innovations, and expansions are among the key strategies adopted by these key players to accelerate their growth in the ABS market of the region.
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