Press Release
Press Release
The Asia Pacific ABS alloys industry is witnessing significant growth owing to the rising demand for the thermoplastic in the region. This can be attributed to the rapid industrialisation in countries such as India, China, and Indonesia, among others. With the increasing production and demand for automobiles, the demand for ABS alloys is considerably surging, hence driving the market growth in the region. Moreover, the increasing investments in the automotive sector in the region are significantly contributing to the growth of the industry. As South Korea, China, and India are some of the leading manufacturers of electronic products, the demand for ABS alloys is surging and fuelling the market growth, which is significantly contributing to the growth of the overall market.
LG Chem (KRX: 051910), one of the leading companies in the market, announced in October 2021 that it had planned to construct a new acrylonitrile butadiene styrene (ABS) production facility in Ohio, the United States. The company is expected to invest about 60 billion won to enhance its production facility up to 30,000 tonnes. The plant is projected to manufacture customised ABS products to meet the growing demand from consumers in the United States and Canada. The company is further expected to construct an ABS polymerisation plant in North America in order to respond to consumers’ growing requirements in the region. The plant is anticipated to operate by 2023. The measure is estimated to enhance the availability of domestically-produced ABS alloys to increase their use in various industries. Such developments are driving the growth of the market for ABS alloys.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the global ABS alloys market are LOTTE Chemical CORPORATION, KUMHO PETROCHEMICAL, LG Chem, RTP Company, and Sumitomo Bakelite Co., Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.