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Global Recycled ABS Market Demand & Forecast Analysis, 2016-2036

The plastic production has continued to grow at an annual average rate of 4% over the last five years, and it is further projected to grow in the coming years. As of 2021, more than 390 million tons of plastic was produced globally, with Asia accounting for 51% of total production followed by North America. In the last few decades, the production of plastics products and electrical and electronic equipment has grown significantly owing to the developments in new technologies innovation and applications development. Automotive, Electrical & Electronics, Medical and IT industries are the major consumer of plastic products. In the long term forecast it is anticipated that the more plastic and electronic waste will be generated as IT, Electronics, Automotive and Healthcare sector are undergoing dynamic development. Global plastic waste generation annually, is around 275 million tons out of which Electrical & Electronics and Automotive combined account for more than 14%. ABS is a key polymer used in electrical & electronics and automotive applications. Plastic production has increased exponentially in last two decades. According to World Bank, half of the plastic products ever manufactured, were produced in last 15 years. The plastic waste production has also increased accordingly. Various countries are taking initiatives to tackle plastic waste production through various initiatives and regulations. The United States targets to increase its recycle rate to 50% by 2030. Similar targets are being set by all major consumer countries of plastics products.

ABS has an advantage as it can be melted and reshaped again and again without any major chemical degradation and hence can be recycled completely. Recycled ABS has comparable properties to that of virgin ABS with a carbon footprint up to 80% lower than that of virgin ABS. Recycled ABS (rABS) can replace the virgin counterpart in almost all applications. Increasing concerns over plastic waste and environmental concerns such as global warming and health hazards have promoted the usage of recycled plastics over the year. Also, the recycled plastic market has a small dependence on the volatility of crude oil. 
Global Recycled ABS Demand By Region - 2021 (Kilo Tons)
Recycled ABS Market : rABS demand by Region
Plastic plays an important role in electronics industry as plastics do not conduct electricity, lightweight, durable, energy-efficient, recyclable and therefore plastic are used in variety of applications. Plastic has wide used in electrical and electronics industry on account of its excellent electrical properties. Miniaturization of electronic devices has been one of the major growth factors, encouraging the use of plastics in the electrical & electronics industry. Globally around 50,000 kilo tons of Waste Electrical & Electronics Equipment (WEEE) waste is generated with Asia, America and Europe contributing more than 40,000 kilo tons of WEEE. Asia accounts for more than 50% of WEEE generated followed by Europe and America. These three regions together recycled around 8,000 kilo tons of WEEE in 2019. Europe has highest WEEE recycling rate of around 42.5% while Asia and America recycling rate is in between 9%-12%. An increase in WEEE collection, recovery of plastics, recycling rate, consumer awareness about environmental pollution and implementation of legislative regulations in major electronics waste producing countries will drive the demand of Recycled ABS in long term forecast.
Global Recycled ABS Demand By Application - 2021 (Kilo Tons)
rABS demand by application
Electronics application dominates the global Recycled ABS market, and is expected to maintain its dominance throughout the forecast period. Electrical & Electronics manufacturers are showing an increasing interest in using recycled ABS, as a way of reducing plastic waste and achieve their sustainability goals while also meeting consumer demand for eco-friendly products. Recycled ABS is used in the manufacturing of computers, laptops, housings for telephones, keyboards, photocopy machines, and other computer hardware. Laptops & Computers dominate the rABS market in the electronics segment which is further projected to grow at a CAGR of 11% between 2022 and 2032. The global COVID-19 pandemic has pushed the education and service sectors towards hybrid and remote working models. This has led to an increased demand for Laptop & Computer which are essential consumer appliances. With the day-by-day innovaation in technologies and multi-functional facilities, the demand for these products is on the rise. Lenovo, Dell, Apple, and HP are the few major Laptops & Computer manufacturers in the world. These companies have also announced to increase their production capacity in the short-term forecast due to the sudden upsurge in demand. Increasing disposal income and rise in standard of living in developing countries are some of the key demand drivers of Electronics products. Asia-Pacific is the power hub for the electronics industry. Countries like China, Japan, South Korea, Singapore Taiwan, and India have a significant manufacturing base for electronics. Electronics account for a decent share in their economy as well. Furthermore with rising growth opportunities, companies from Europe and North America and are investing in this region by bringing up new manufacturing facilities or through joint ventures. 
Automotive application is one of the leading consumer of ABS, and it is estimated to be a major driver for recycled ABS market. Automakers around the world are increasingly using recycled ABS to manufacture interior parts, such as center consoles, door panels and dashboard components, as well as exterior parts such as grills and bumper covers. Growing consumer demand for eco friendly vehicles along with need to reduce the environmental impact of of plastic waste., the recycled ABS market is projected to witness strong growth in the forecast period.

Recently INEOS Styrolution has introduced Novodur® ECO High Heat grades ABS (40%) and Novodur® ECO specialty ABS (70%) that contain 40% recycled material and 70% recycled material respectively. These new grades have mechanical properties like virgin ABS.

Scope of Report 
The Recycled ABS report describes the global  Recycled ABS  market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Recycling Technology and  Application
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•   Recycled ABS  Market data in terms of volume and value for each end-use 
   at regional and country level
•   Recycled ABS  Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Recycling Technology
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2022
          -  Base - 2023
          -  Forecast Period - 2024 – 2036
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance      
      • Automotive
      • Consumer Goods
      • Electrical & Electronics
      • Building & Construction
      • Others 
5.  Introduction to Recycled ABS and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
6.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
7.  Global Recycled ABS Demand Analysis, By Recycling Technology, By Applications (Volume, Value) (2016–2036) 
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016 – 2036)
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Recycled ABS Market, By Recycling Technology
               - Mechanical recycling 
               - Chemical recycling
      •  Global Recycled ABS Market, By Applications
               - Automotive
               - Electronics 
                     - Computers & Laptops
                     - Others
               - Consumer Goods
                     - Refrigerators 
                     - Washing Machines 
                     - Others
               - Construction
               - Packaging
               - Others
8.  Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2036)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016-2036)
      •  Demand Growth Rate (%)
      •  Recycled ABS Market, By Recycling Technology
      •  Recycled ABS Market, By Applications
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by Recycling Technology and applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  Rest of Asia-Pacific
      •  Central & South America
      •  Middle East & Africa
Note: CAGR will be calculated for all the Recycling Technology and applications to arrive at the regional/global demand growth for the forecast period (2024 – 2036)
9.  Pricing Analysis
10.  Key Strategic Issues and Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
11.  Strategic Recommendation & Suggestions
12.  Company Analysis and Market Share Analysis
      • Recycled ABS Manufacturers Profiles/ Company Analysis
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Key Business Strategies adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
             - INEOS
             - Axion Polymers
             - Lotte Chemicals
             - Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
13.  Appendices
      •  Demand- Regions
      •  Demand– Countries

Scope of Report 
The Recycled ABS report describes the global  Recycled ABS  market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Recycling Technology and  Application
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•   Recycled ABS  Market data in terms of volume and value for each end-use 
   at regional and country level
•   Recycled ABS  Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment