Ready to Drink (RTD) Tea and Coffee Market Scope And Growth Factors By Prominent Players till 2024

July 06, 2021: The global ready to drink (RTD) tea and coffee market size is expected to value at USD 116.13 billion by 2024. The RTD tea and coffee market is subject to witness a substantial growth due to the growing demand for tea and distillates based products, and their easy availability. Ready to drink (RTD) tea and coffee are considered as heathier alternative to the carbonated drinks and highly favored among consumers as they provide instant energy and refreshment.

Ready to drink (RTD) tea and coffee contains required nutritional value coupled with absolutely no efforts while preparation. Such advantages are escalating the expansion of the ready to drink (RTD) tea and coffee industry during the forecast period. The key factors driving the growth of the market are increasing consummation of the tea and coffee products across the globe, and familiarity of taste associated with the consummation of the products.

Addition of the various flavors in the market and growing awareness about the health benefits of the tea and coffee among the consumers are some of the key reason for the progress of the market in recent years. Globally, the ready to drink (RTD) tea and coffee market is predicted to grow at CAGR of 5.6% in forecast period, providing numerous opportunity for market players to invest for research and development in the market.

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Aggressive marketing by the industry players and numerous brand improvement efforts by energy drink manufacturers is attracting more consumers towards ready to drink (RTD) tea and coffee products. Introduction of the green tea variants and various health benefits associated with its daily consummation, particularly by the genetic population, is significantly boosting the sales of the RTD products, thus leading to the growth of the ready to drink (RTD) tea and coffee industry over the forecast period.

Though, changing cost of coffee beans is leading to the fluctuations in the prices of the RTD coffee products, thus restraining growth of the ready to drink (RTD) tea and coffee market in recent years. However, numerous manufactures are making significant efforts to counterbalance fluctuations in the cost of coffee beans by achieving economies of scale during the manufacturing processes. Varying lifestyle and changing food patterns are paving the way for ready to drink (RTD) and ready to eat food products, while replacing meals with healthier snacks, thus spurring the market growth in the near future.

Ready to drink or RTD are type of packaged beverages that are vended in a prepared form and consumed without preparation. The ready to drink (RTD) tea and coffee products can easily distinguished from packaged products which commonly require some sort of preparation before consummation. Ready to drink (RTD) tea and coffee products are specially catered to the demand of the consumers prefer ring healthier on the-go drinks. The addition of the natural and organic concentrates coupled with fruit extracts provide required nutritional value to the products, attracting more and more consumers in the process.

The ready to drink (RTD) tea and coffee industry is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. Middle-east and Africa have shown major growth in recent years owing to the introduction new flavored tea and coffee products, attracting larger customer base and presence of prominent industry players in the region. Asia-Pacific region is predicted to hold major market share in the ready to drink (RTD) tea and coffee industry with massive growth in forecast period.

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Countries such as India, China and Singapore are leading the Asia-Pacific market with rising consumption of tea and coffee alongside ever-changing retail landscape, creating numerous opportunities for market players in the region. The key players in the ready to drink (RTD) tea and coffee market are Suntory Holdings Limited, Nestlé S.A., The Coca-Cola Company, PepsiCo Incorporations, Starbucks Co., Monster Beverage Company, and Danone Co.

Market Segment:

Ready to Drink Tea and Coffee Product Outlook (Revenue, USD Million, 2013 - 2024)

    • RTD Tea

    • RTD Coffee

Ready to Drink Tea and Coffee Distribution Channel Outlook (Revenue, USD Million, 2013 - 2024)

    • Supermarket/Hypermarket

    • Convenience Stores

    • Food Service

    • Others

Ready to Drink Tea and Coffee Packaging Type Outlook (Revenue, USD Million, 2013 - 2024)

    • Canned

    • Glass Bottle

    • PET Bottle

    • Others

Ready to Drink Tea and Coffee Price Segment Outlook (Revenue, USD Million, 2013 - 2024)

    • Premium

    • Regular

    • Fountain

    • Others

Ready to Drink Tea and Coffee Regional Outlook (Revenue, USD Million, 2013 - 2024)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • U.K.

        • Italy

    • Asia Pacific

        • China

        • Japan

        • India

    • Latin America

        • Brazil

    • Middle East & Africa

        • U.A.E

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Zika Virus Testing Market Growth Factors, Strategies And Highlights of The Market till 2027

July 05, 2021: Global Zika Virus Testing Market was valued at USD 131.9 million in 2016 and is estimated to grow significantly due to the growing demand for diagnostics from different parts of the world. Zika Virus is a disease by mosquitos that targets pregnant ladies especially the fetus. In 2016, there was a sudden outburst of Zika Virus, which led to a massive demand for point-of-care testing diagnostic tests.

The diagnostic test is not location specific with no special requirements for special laboratory setup. The point-of-care test comprises RT-PCR, serology IgG/IgM Antibody detection, ELISA and with no laboratory organization. These tests are undertaken in riskier surroundings, which display harsh symptoms of Zika Virus like fever in pregnancy along with rashes, muscle pain or joint pain and conjunctivitis. The disease can be transferred form one individual to another either by sexual contact or from mother to fetus while pregnancy. The disease prevention planning and funding therapeutic and is expected to boost the market growth in the coming years with a CAGR of 7.6%.

No proper vaccination has been found against Zika Virus till date in spite of the extensive ongoing research; hence to relieve the symptoms care and comfort is the only way to deal with this situation. Zika Virus detection kit is available for qualitative tests that are helpful in detecting RNA of Zika Virus from the body samples like plasma, urine and serum. After detection of Zika Virus is in the body, antibodies Immunoglobulin M (IgM) are developed against the virus. The Zika Virus RNA detection test and the positive serum test for Immunoglobulin M (IgM) are performed to check and ascertain the presence of Zika Virus in the body.

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The research and development activities have been increased by the leading market players due to the government initiatives for the emergence of enhanced tests for detecting Zika Virus. The speedy growing prevalence of Zika Virus testing infection, increasing awareness regarding early detection and rising efforts by the manufacturers to introduce Zika Virus detection tests are predicted to drive the market growth. Moreover, the slow speed of adoption of modern technologies & lack of awareness in emerging nations and enormous costs of branded test kits are estimated to bring obstacles in the growth of Zika Virus Testing Market in the near future. Also, incorrect results from defective diagnostic techniques can affect the Zika Virus Testing Market.

Currently, the Zika Virus detection is done in view of clinical manifestations. The serological devices and molecular detection are also important. Since the segmentation of this virus is difficult, NASBA, LFAs, and LAMP help in detecting and confirming reason behind fever. These new techniques have supported in faster and accurate detection of the virus.

The market is categorized on the basis of test type, end user and geography. On the basis of test type, the market is divided into serological tests and molecular diagnostic tests which is also called as nucleic acid amplification tests. The commonly used test is molecular diagnosis tests. It is (RT-PCR) Reverse Transcriptase Polymerase Chain Reaction that detects the existence of the Zika virus in human serum. The serological tests are dependent on the detection of IgM and IgG antibodies in the human’s serum by ELISA-based tests. On the basis of end-user, the Zika Virus Testing Market can be divided into diagnostic & pathological laboratories, contract research organizations, hospitals, and academic & research institutes.

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Geographically, the market is segmented into Latin America, North America, Asia Pacific, Europe and Middle East & Africa. North America is expected to dominate the market largely in the coming years due to the speedy growth of Zika virus in the region. After North America, Europe is expected to contribute the Zika Virus Testing Market at a significant pace. The Zika Virus Testing Market in Asia Pacific is predicted to grow in the coming years owing to the increasing awareness of Zika Virus and the emerging healthcare industry in the area. The prominent players in the Zika Virus Testing Industry are ARUP Laboratories, Luminex Corporation, Hologic, Siemens Healthcare Diagnostics and Roche Molecular Systems.

Market Segment:

Zika Virus Testing Test Type Outlook (Revenue, USD Million, 2016 - 2027)

    • Nucleic Acid Amplification Testing (NAAT)

    • Serological Testing

Zika Virus Testing Regional Outlook (Revenue, USD Million, 2016 - 2027)

    • U.S. States & Territories

        • U.S. States

        • U.S. Territories

    • Europe

        • Continental Europe

        • Caribbean

    • Asia Pacific

        • Singapore

        • Vietnam

        • Indonesia

    • Latin America

        • Brazil

        • Colombia

    • Africa

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Wireless Health Market Statistical Forecast and Analysis Report till 2025

July 05, 2021: Global Wireless Health Market is anticipated to reach USD 315.4 billion by 2025. The market is anticipated to rise at a healthy rate in the years to come. Wireless Health implies the incorporation of wireless technology into diagnosis, intensive care, and treatment of illness, as well as the other tools that can assist individuals measure their individual health. Wireless health varies from mobile health in that wireless health solutions will not always be mobile and mobile health solutions will not always be wirelessly permitted.

Mobile broadband connectivity reaches patients in inaccessible areas while enlightening efficiency. One of the instances is “BodyLAN”. It is a low-power wireless networking procedure that communicates data from medical and fitness devices and “ANT+” is a wireless networking procedure that permits communication among numerous sensors and devices, designed for wireless sensor networks that necessitate low-energy consumption and low data transmission.

The factors that propel the growth of the Wireless Health Market include rising application of wireless health devices among aging population and patients suffering from chronic disorder, growing patient-centric methodology, improved perception regarding Internet, and Federal obligations like Meaningful Use Stage II. On the other hand, there are factors that also hamper the growth of the Wireless Health Market like high expenditure of wearable devices, data safety worries, interoperability, and lack of expert IT professionals in healthcare. The market is anticipated to grow at a significant CAGR of 23.5% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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The market may be explored by technology, component type, applications, end users and geography. The market may be explored by technology as WLAN/Wi-Fi, WiMAX, WWAN, and WPAN. The WPAN may be explored as Bluetooth, ZigBee, Ant+, Ultra-wide Band (UWB), Z-wave, RTLS, RFID, and IPS. The WWAN sector is may be explored as 3G and 4G, GPRS, CDMA and GPS.

The “WPAN technology” segment is dominated the market in 2016 and is anticipated to maintain its dominance by 2025. Bluetooth sector held the largest market share in 2016. The factors that attribute to the rise in WPAN sector in the Wireless Health Market are its low budget and extremely protected services.

Wireless Health Market may be explored by component type as Software, Services, and Hardware. The software segment dominated the market in 2016 and is anticipated to maintain its dominance by 2025. The factor that fuels the rise of software sector is the growing application of healthcare IT solutions to reduce healthcare expenditures along with the mounting necessity for progressing current software solutions.

Wireless Health Market may be explored by application as Patient-specific, Physiological monitoring, Patient communication and support, and Provider specific. The Patient-specific segment dominated the market in 2016 and is anticipated to maintain its dominance by 2025. The factors that contribute to the Patient-specific applications are rising demand for superior healthcare and varying standard of living demographics.

The market may be explored by end users as Providers, Patients/Individuals, and Payers. The “providers” segment dominated the Wireless Health Market in 2016 and is anticipated to maintain its dominance by 2025. The providers encompass hospitals, ambulatory care centers, and physicians. The rise in implementation of wireless healthcare solutions by providers is mainly to offer quality care services.

North America accounted for the major share of the market in 2016 and will continue to dominate in the forecast period. The factors that contribute to the rise of North American share is growing digital health procedures in Canada and national obligations in the United States. During the forecast period, Asia Pacific is anticipated to rise rapidly owing to expanding population, rising medical tourism, increasing governmental advantages for eHealth.

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Some of the key players that fuel the growth of the Wireless Health Industry include Qualcomm, Inc., Aerohive Networks, Inc., Vocera Communications, Inc., Philips Healthcare, Alcatel-Lucent, Allscripts Healthcare Solutions, Inc., AT &T, Inc., Verizon Communications, Inc., Cerner Corporation, and Omron Corporation. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

Market Segment:

Wireless Health Technology Outlook (Revenue, USD Billion, 2014 - 2025)

    • WLAN/Wi-Fi

    • WPAN

    • WiMAX

    • WWAN

Wireless Health Component Type Outlook (Revenue, USD Billion, 2014 - 2025)

    • Software

    • Hardware

    • Services

Wireless Health Application Outlook (Revenue, USD Billion, 2014 - 2025)

    • Patient-specific

        • Physiological monitoring

        • Patient communication and support

    • Provider specific

Wireless Health End-use Outlook (Revenue, USD Billion, 2014 - 2025)

    • Providers

    • Payers

    • Patients/Individuals

Wireless Health Regional Outlook (Revenue, USD Million, 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • U.K.

    • Asia Pacific

        • China

        • Japan

    • Latin America

        • Brazil

        • Mexico

    • Middle East & Africa

        • South Africa

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Water Treatment Systems Market Growth Factors, Strategies And Highlights of The Market till 2025

July 05, 2021: The global water treatment systems market is expected to cross USD 44.01 billion by 2025 and is anticipated to rise at a staggering CAGR of 7.1% during the forecast period. Rise in water pollution coupled with rise in population is expected to contribute to the market growth in the forecast period. Growing awareness regarding health among the young population is likely to act as a major driver for market growth. In addition, stringent regulations by government against water pollution is expected to fuel the market growth.

Water treatment systems market witnesses several opportunities in form of installation of water treatment systems in residential sectors. Government has now mandated commercial builders to design water treatment systems for new constructions. However, growing population, environmental issues arising due to water, growing prevalence of waterweeds, and unevenness in presence of water treatment systems is likely to create market hindrance in the forecast period upto 2025.

Water treatment methods such as rapid sand filtration, charcoal filter, solar disinfection, ceramic filter, desalination and boiling reduce the number of pathogens, but do not eliminate it entirely. Solar disinfection and boiling being effective are thus unrealistic for large quantity of water. On the other hand, chemical disinfection kills pathogens and the method is feasible with large volumes of water. Sodium hypochlorite and calcium hypochlorite are domestically used but active chlorine concentrations might differ and should stand relevant to calculate the proportion of chlorine to be added to the water.

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Large water supplies cater to commercial and industrial sectors and toxic water in form of liquid waste released by chemical industries treated in two-three levels before releasing into open spaces or rivers. In the other terms, the water demands for residential use may vary according to rainfall, catchment areas or any other reasons. Therefore, it is essential to choose carefully the equipment for water treatment.

Water treatment systems industry is segmented based on technology, device, application, and geography. “Technology” segment accounted for a major share in the global market due to proliferation and use of RO technology for water treating. Distillation technology stands at a second position in the market due to rise in water demands for personal and commercial use.

Geographical segmentation for water treatment systems market include North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North American water treatment systems market is likely to gain an astounding CAGR in the forecast period. Asia-Pacific’s water treatments systems market is estimated to rise at a higher CAGR in the forthcoming period owing to rise in environmental issues due to water pollution.

On the other hand, sink filters are in intense demand in the emerging economies. Water dispensers contribute largely to the APAC’s market growth. Middle Eastern and African market comparatively witnesses a moderate growth in water treatment systems owing to moderate awareness coupled with conventional techniques used for water treatment & distillation. The key players in the water treatment systems market include 3M, Philips, Pentair, Panasonic, Unilever, LG Electronics, EcoWater systems, A.O. Smith, Culligan International, and Amway.

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Market Segment:

Water Treatment Systems Installation Outlook (Volume, Million Units; Revenue, USD Billion, 2014 - 2025)

    • Point of Use

    • Point of Entry

Water Treatment Systems Technology Outlook (Volume, Million Units; Revenue, USD Billion, 2014 - 2025)

    • Reverse Osmosis systems

    • Distillation systems

    • Disinfection methods

    • Filtration methods

Water Treatment Systems Application Outlook (Volume, Million Units; Revenue, USD Billion, 2014 - 2025)

    • Residential

    • Non-residential

Water Treatment Systems Regional Outlook (Volume, Million Units; Revenue, USD Billion, 2014 - 2025)

    • North America

        • U.S.

        • Canada

    • Europe

        • Germany

        • Russia

        • U.K.

        • Spain

        • Italy

    • Asia Pacific

        • China

        • Japan

        • South Korea

        • Australia

        • India

    • Central & South America

        • Brazil

    • Middle East and Africa

        • UAE

        • Saudi Arabia

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Breast Imaging Market Opportunities, Challenges, Strategies And Forecast Report till 2024

July 02, 2021: The global Breast Imaging Market is estimated to stretch US$ 7.3 billion by the completion of the prediction period. The scope of the market was worth US$ 2.9 billion during the year 2016. Growing occurrences of breast cancer are likely to motivate the market. Furthermore, additional breast linked sicknesses; for example fibro cysts, lesions, and infections are also likely to back the progress of the market. The Breast Imaging Market is expected to develop by a CAGR of 12.2% for the duration of the prediction.

The development in breast imaging is motivated by features for example the growing occurrence of breast cancer all over the world; increasing funds by government, and subsidy for the treatment of breast cancer and associated examination. Growing consciousness regarding the timely recognition of breast cancer; growing elderly people; technical progressions in breast imaging modalities; and presentation of innovative breast imaging arrangements are able to spot cancer in women by means of thick breast fleshy tissue.

Furthermore, the increasing demand for breast imaging in developing Asian nations, and technical progressions in breast cancer are likely to propose greater openings for the developments of the companies operating in the market. On the other hand, issues for example greater prices of setting up of breast imaging arrangements, side-effects due to the contact with radioactivity, and probable mistakes in screening and analysis of breast cancer are limiting the development of the breast imaging market.

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The Breast Imaging market on the source of Type of Technology could span Non-Ionizing Technology and Ionizing Technology. Theas technologies are further sub divided as Non Ionizing: Automated Whole-Breast Ultrasound, Ultrasound, MRI, Thermography, Optical Imaging and Thermography. Ionizing spans MBI/BSGI, Positron Emission Tomography & Computed Tomography [PET-CT], Electric Impedance Tomography, Analog Mammography, 3D Breast Tomosynthesis, Cone-Beam Computed Tomography [CBCT], Positron Emission Mammography, Full-Field Digital Mammography [FFDM].

The subdivision of 3D Brest Tomosynthesis is recognized as the speedily developing subdivision. This technology proposes improved proficiency and greater precision of analytics in contrast to the additional existing technologies. It is likely to support the development of the market. The Breast Imaging market on the source of Area with respect to Trades in terms of intake, Profits, Market stake, and Development percentage of Breast Imaging in these areas, for the duration of the prediction period. The area wise market could span North America, Europe, Asia Pacific, Latin America, and Middle & Africa.

By the source of geography, North America had ruled this business by way of grabbing approximately 32.4% stake during the year 2015. Europe followed North America. The classy services of healthcare in this area helped the practice of this apparatus. Furthermore, the occurrence of the long-lasting illness in this area is considerably greater as compared to international standard. Asia Pacific is expected to observe the speedy development above the prediction period.

Helpful strategies by government to increase healthcare arrangement, together with financial progresses, are expected to be principal issues for the development. The statement revises Trades in terms of intake of Breast Imaging in the market; particularly in North America, Europe, Asia Pacific, Latin America and Middle & Africa. It concentrates on the topmost companies operating in these areas and the nations. The companies operating in the market are struggling to sustain their possible stake of market. Growing rivalry by way of technical developments and the improvements of the new-fangled product, heading to reduction in the price of product, are expected to be the optimistic consequences for the improvement of the market.

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Some of the important companies operating in the Breast Imaging on the international basis are Aurora Imaging Technology, Inc., Sono Cine, Inc., Siemens Healthcare, Philips Healthcare, GE Healthcare, Dilon Technologies, Inc., Fuji Films Holdings Corp., Gamma Medica, Inc., Hologic, Inc., and Toshiba Corporation.

Market segment:

Breast Imaging Technology Outlook (Revenue, USD Million; 2013 - 2024)

    • Ionizing

        • Full-Field Digital Mammography

        • Analog Mammography

        • Positron Emission Mammography

        • Electric Impedance Tomography

        • Cone-Beam Computed Tomography

        • Positron Emission Tomography & Computed Tomography

        • 3D Breast Tomosynthesis

        • MBI/BSGI

    • Non Ionizing

        • MRI

        • Thermography

        • Ultrasound

        • Optical Imaging

        • Automated Whole-Breast Ultrasound

Breast Imaging Regional Outlook (Revenue, USD Million; 2013 - 2024)

    • North America

    • Europe

    • Asia Pacific

    • Latin America

    • Middle East & Africa

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Bariatric Surgery Devices Market Key Players Analysis, Segmentation And Forecast Report till 2022

July 02, 2021: Bariatric Surgery Devices Market is anticipated to reach 2.8 billion by 2022. It is anticipated to grow at a healthy rate in the years to come. Bariatric surgery is mostly used to decrease body weight. Bariatric surgery implies the treatment of comorbid condition, which is related with morbid fatness. Obesity is one of the utmost threatening and prevalent health disorders has increased alertness about bariatric devices and surgery.

The demand for bariatric surgery devices has witnessed a substantial rise due to advantages such as rising preference for less-invasive bariatric operations. In addition, the increasing spending on weight loss actions has helped the sales of bariatric surgery devices at the distinct level. Regional government enterprises are also prompting the development of the bariatric surgery devices market.

On the other hand, the factors that may hamper the growth of the Bariatric Surgery Devices Market include high cost of surgeries, lower disposable income developing economies, lack of awareness in the emerging countries. The market is anticipated to grow at the significant CAGR of 10.15% in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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The market may be explored by procedure, type, end users, and geography. It may be explored by type as Energy/Vessel Sealing Devices, Minimally Invasive Surgical Devices, Stapling Devices, Suturing Devices, Non-invasive Surgical Accessories, and Devices. In 2018 the largest market share was dominated by “minimally invasive surgical devices” in the global Market. The facts that attribute to the huge development in this segment can be ascribed to the growing obesity rates and the growing preference for nominally invasive procedures.

Bariatric Surgery Devices Market may be explored by procedure as Gastric Bypass, Biliopancreatic Diversion with Duodenal Switch, Revision Bariatric Surgery Adjustable Gastric Banding, Sleeve Gastrectomy, Non-invasive Bariatric Surgery, and Mini-gastric Bypass. The “sleeve gastrectomy” section dominated the blood screening market in 2017 and is anticipated to maintain its dominance by 2022 due to facts such as advantages of effectiveness, affordability, and sleeve gastrectomy protection, and partial complications as associated to other bariatric methods.

Bariatric Surgery Devices Market may be explored by end users as surgical centers, hospital & clinics, and others. North America accounted for the major share of the global Market Size Analysis in 2016 and will continue to lead in the forecast period due to factors such as increase in the several bariatric surgeries and constantly increasing obese population, increase government supported research and funding activities undertaken by the manufacturing companies in North America region, followed by Europe.

Some of the key players that fuel the growth of the Bariatric Surgery Devices Industry comprise Medtronic, Ethicon, Intuitive Surgical, Cousin Biotech, Apollo Endo-surgery, Reshape Lifesciences, Olympus Corporation of the Americas, Aspire Bariatrics, Mediflex Surgical Products, Spatz Fgia. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Procedure Outlook (Revenue, USD Million, 2012 - 2022)

    • Adjustable Gastric Band (AGB)

    • Vertical Sleeve Gastrectomy (VSG)

    • Roux-en-Y Gastric Bypass (RYGB)

    • Biliopancreatic Diversion with a Duodenal Switch (BPD-DS)

Regional Outlook (Revenue, USD Million, 2012 - 2022)

    • North America

        • U.S. and Canada

    • Europe

        • Germany

        • UK

        • France

    • Asia Pacific

        • Japan

        • China

        • India

    • Latin America

        • Brazil

        • Mexico

    • MEA

        • South Africa

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Acrylonitrile Butadiene Styrene Market Opportunities, Challenges, Strategies And Forecast Report till 2022

July 02, 2021: The global acrylonitrile butadiene styrene market size is expected to value at USD 34.88 billion by 2022. The market is subject to witness a substantial growth due to the increasing need in automotive sector for light weight automobile parts and construction sector. Rising adoption of the acrylonitrile butadiene styrene in industry goods, various equipment, automobile ancillaries, and construction instruments to achieve lightweight and high tensile strength, is significantly contributing to market growth over the forecast period.

Growing importance to light-weight automobile parts to limit carbon dioxide emission rate. Ever increasing greenhouse gas emission as per the International Energy Agency (IEA) is a key driving factor for growth of the acrylonitrile butadiene styrene market. Furthermore, numerous advantages associated with the adoption of the lightweight parts in the automotive industry, is propelling expansion of the market in recent years. Globally, the market is predicted to grow at CAGR of 7.1% in forecast period, providing numerous opportunity for market players to invest for research and development in the acrylonitrile butadiene styrene market.

Substantial growth of the automotive sector in the various region across the globe is likely to spur market demand of the acrylonitrile butadiene styrene. Rising purchases of commercial vehicle, public transport systems, and motorbikes are some of the key areas to promote adoption of the acrylonitrile butadiene styrene in coming years. Applications of the acrylonitrile butadiene styrene (ABS) involves production of the interior automobile parts similar to trims, main console, inside grating, liners on the headlights, and side view mirrors. Increasing sales of automotive vehicles is expected to have a positive impact the expansion of the acrylonitrile butadiene styrene market.

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The use of the acrylonitrile butadiene styrene (ABS) in construction sector involves manufacturing of vacuum pumps and pipes, and differential fitting instruments, majorly due to superior mechanical strength and lightweight. Production for large equipment for the storage of the waste materials with the use of the acrylonitrile butadiene styrene (ABS) provides better corrosion resistance and more durability in comparison with the conventional products such as PVC. Such properties associated with the acrylonitrile butadiene styrene (ABS) are likely to augment market growth during the forecast period. Though, rising use of the styrene butadiene rubber (SBR) is likely to limit growth of the acrylonitrile butadiene styrene market in upcoming years. Styrene butadiene rubber (SBR) is largely used in the production of tires and various automobile parts due to its high abrasion resistance, is significantly hamper growth of the market.

Acrylonitrile Butadiene Styrene (ABS) is considered as a terpolymer that signifies for a polymer derived from three distinct monomers. The use of three distinct monomers include acrylonitrile, butadiene, and styrene in different proportions as per prescribed. Each of monomers consists of the unique property passed onto the acrylonitrile butadiene styrene such as chemical and thermal stability, high tensile strength, attractive finishing. The modification in the proportion of each of the material used for the formation of acrylonitrile butadiene styrene (ABS) drastically changes the physical functionality of ABS.

The key benefit associated with the use of the ABS is that it blends the toughness and stiffness of acrylonitrile and styrene polymers coupled with the flexibility of the polybutadiene material. Also, acrylonitrile butadiene styrene is highly resilient against biochemical degradation by alkaline or acidic agents.

The acrylonitrile butadiene styrene market is divided into regional market segment such as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rising vehicle manufacturing and presence of prominent industry players in the region. Asia-Pacific region is predicted to hold major market share in the market with massive growth in forecast period. Countries such as India and China are leading the Asia-Pacific market with growing demand from rising construction, growing personal expenditure, and significant spending of government agencies on infrastructure.

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The key players in the acrylonitrile butadiene styrene industry are LG Chemicals Industries, Asahi Kasei Inc., Chi Mei Co., Formosa Plastics, Kumho Petrochemical Co., Ltd., Saudi Basic Industries Corporation, BASF Co., and DuPont.

Market Segment:

Acrylonitrile Butadiene Styrene Application Outlook (Volume Kilotons, Revenue, USD Million, 2012 - 2022)

    • Appliances

    • Automotive

    • Consumer Goods

    • Construction

    • Electrical And Electronics

    • Others

Acrylonitrile Butadiene Styrene Regional Outlook (Volume Kilotons, Revenue, USD Million, 2012 - 2022)

    • North America

        • U.S.

    • Europe

        • Germany

        • Italy

    • China

    • Rest of Asia Pacific

        • Japan

        • India

        • South Korea

        • Taiwan

    • Rest of The World

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