The acrylonitrile butadiene styrene (ABS) market is estimated to grow at a CAGR of 6% from 2013 to 2018. Asia-Pacific accounts for a larger share of the ABS market and it is projected to grow at the highest CAGR of 7% during the projected period.
The transportation is the fastest-growing segment that is estimated to grow at the highest CAGR of 7.1% from 2013 to 2018. Factors such as growing manufacturing industries and growing automobile sector drive the growth of this market.
The ABS market in Asia-Pacific is competitive as it has a number of market players. As of 2013, ABS market is mainly dominated by Chi Mei Company (CMC), Styrolution (Germany), Formosa Chemicals & Fiber Group (Taiwan). New product launches, partnerships, agreements, collaborations, and joint ventures are the important strategies adopted by most market players to achieve growth in the ABS market.
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