More resources for automation technology
News concerning the resources for automation technology. Regarding rare earths see "Rare earths and automation technology".
China’s Acrylonitrile-Butadiene-Styrene industry continues to be import dependent until 2022, says GlobalData
November 2nd, 2018 - China will continue to be a net importer of Acrylonitrile-Butadiene-Styrene (ABS) until 2022, primarily due to growing demand from the household appliances, electrical and electronics, automotive and industrial sector, says GlobalData, a leading data and analytics company.
The company’s report, ‘Acrylonitrile-Butadiene-Styrene (ABS) Industry Outlook in China to 2022 - Market Size, Company Share, Price Trends, Capacity Forecasts of All Active and Planned Plants’forecasts that imports of ABS are expected to increase at a compound annual growth rate (CAGR) of 7.2% from 1.790 million tons per annum (mtpa) in 2017 to 2.531 mtpa in 2022.
Dayanand Kharade, Petrochemicals Analyst at GlobalData, explains: “The ABS industry in China is expected to grow with increasing demand from the household appliances, electrical and electronics, automotive and industrial sector. China is likely to continue to be a net importer, importing around one third of its demand during the forecast period.”
GlobalData reveals that the demand value for ABS is expected to grow at a CAGR of 6% from US$9.6 billion in 2017 to $12.9 billion in 2022. The average price of ABS is forecast to increase at a CAGR of 2.5% from $1,875.8/ton in 2017 to $2,122.9/ton in 2022. China ABS imports as percentage of demand is forecast to increase from 34.9% in 2017 to 41.7% in 2022.
Falling prices for important resources for automation
October 15th, 2013 - Prices have recently fallen of some important inputs for the automation technology after they had skyrocketed in the previous years according to a report from the Financial Times on October 14th, 2013.
Flatscreens, e.g. for Human Machine Interfaces need iridium. Its price has dropped by 43% to a three and-a-haly year low since the beginning of 2013.