India ABS Market {2030} - Share, Trends & Forecast
India ABS Market is a copolymer plastic containing styrene, butadiene, and acrylonitrile. ABS demand in India stood at 238 KTPA in 2018 and is projected to grow at a CAGR of 9.21% during 2019-2030 to reach 677 KTPA by 2030. Increasing use of ABS in the electrical & electronics sector due to its excellent insulation properties is expected to propel the demand for ABS in the country. Moreover, heavy use of ABS in plastic parts for automobile production, owing to properties such as lightweight, which also gives fuel efficiency, resistance to heat and water, and toughness would further propel its demand in India. Additionally, extensive use of ABS in the production of inhalers and other medical equipment is likely to positively push India ABS market during the forecast period. Years Considered for this Report: Historical Years: 2013 – 2017 Base Year: 2018 Estimated Year: 2019 Forecast Period: 2020 – 2030 The objective of the Study: The primary objective of the st...