Business Opportunities in India ABS Market

Business Opportunities in India ABS Market

Business Opportunities ABS Market  in India

 Acrylonitrile Butadiene Styrene is the most widely used engineering plastic finding its applications in automotive, electrical &electronics, industrial and consumer products sector. The Indian market has emerged stronger than expected registering a growth of 9.7% in 2016-17 and now accounts for around 1.5% of the global demand. The capacity utilization has averaged around 77% during 2011-2016 decreasing from 98% in 2011 to 65% in 2016.

India has been a net importer of ABS. The imports from 2011 on wards have averaged around 70 kilo tons. Bhansali Engineering Polymers Ltd. and INEOSStyrolution India Ltd. together account for 62% of India’s ABS demand, rest is met by imports mostly from South Korea.

Prismane Consulting estimates a high growth of over 9% for ABS in India from 2017 to 2025 on account of increasing demand from middle income group for refrigerators, washing machines, two wheelers, and mobile phones.

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