Global Acrylonitrile Butadiene Styrene (ABS) Market Report, 2015 -2030

Global Acrylonitrile Butadiene Styrene (ABS) Market Report, 2015 -2030

Executive Summary : -

Acrylonitrile Butadiene Styrene (ABS) is a thermoplastic resin manufactured by co-polymerizing acrylonitrile (AN), butadiene (BD) and styrene (S) monomers. ABS copolymers exhibit better toughness; temperature stability and solvent resistance properties in comparison to high impact polystyrene. ABS compounds are commercially available in many forms and grades including medium and high impact, high gloss, UV stabilized, flame retardant, heat resistant, low gloss, glass-fiber reinforced and transparent.

ABS is one of the widely used engineering plastic and has witnessed a significant growth since 2005 on account of its increasing demand in major end-use industries such as automotive and electrical & electronics, especially in Asia-Pacific and other developing regions.

Replacement of traditional materials like metals, inter polymer substitution, growth in purchasing power of developing economies are some of the key drivers for ABS demand.

China is the largest market for ABS. The country is heavily dependent on imports and has also witnessed a number of capacity expansions since 2006.

The ABS industry has undergone various capacity additions post commercialization. Due to oversupply scenario especially in Asia-Pacific region, global operating rate has been decreasing and has averaged to 70% in 2016. Total ABS consumption of North America was around 750 kilo tons in 2016. The US is a major consumer in North America followed by Mexico. The country has witnessed growth rates in the range of 1-3% since the past few years.

Significant demand of ABS is from emerging economies such as China and Brazil. Some New projects and capacity additions have been announced in the Middle East region. Jam Petrochemical is planning to bring its 200 Kilo tons Assaluyeh ABS plant online by 2019.

Global Acrylonitrile Butadiene Styrene (ABS) Demand Analysis (2014 - 2030)

The major players in the ABS market are LG Chemical, INEOS, Chi Mei, Formosa Chemicals & Fibers and SABIC. Other manufacturers of ABS include Bhansali Engineering Polymers Ltd., Trinseo, Styrolution, and IRPC.

Acrylonitrile Butadiene Styrene (ABS) Application -2019 (XX Kilo Tons)(Sample)

The COVID-19 pandemic had a negative impacted on the global ABS market with the market contracting by around 2-3% between 2019 and 2020, predominantly due to the automotive and building & construction industry. Automotive is the third largest application of ABS with major use in making high performance engineering components. With the trend towards higher operating temperatures and miniaturization in the engine compartment, plastics and elastomers replacing metals offer weight reduction, noise reduction and functional integration.

The automotive industry has a wide array of opportunities for ABS. Automotive makers are constantly optimizing their engine performance; by reducing the automotive weight. This helps them achieve more efficiency. Reducing the weight also decreases the fuel consumption helping reduce pollution.

In the current scenario, plastics only account for a small share of the materials used in the automotive industry. According to the American Plastics Council, reinforced plastics account for around 360 pounds of the total weight of an average U.S. light automotive. With the global automotive manufacturers investing in developing highly efficient automotive, the need for further weight reduction without affecting the security of its users will be crucial. With every 10% reduction in weight of automotive, efficiency can be enhanced which is attained by decrease in fuel consumption by 5% to 7%.

Unexplored opportunities of replacing metals in automotive and global tightening of environmental regulations for automobiles to improve fuel mileage, control emission and reduce fuel permeation is expected to drive the ABS market. Growth in production of automobiles and initiatives taken by original equipment manufacturers to increase fuel efficiency, reduce emissions, eliminate fluid leaks, and improve the efficiency of by reducing weight of the vehicles will further drive the demand of ABS in the long-term forecast.

Electronics application dominates the global ABS market and is expected to remain the largest application throughout the long-term forecast. ABS is used in manufacturing several parts of electronics equipments like computers, Laptops, housings for telephones, keyboards, mobile phones, and other computer hardware. Laptop and Computer dominates the global electronics ABS market and it is further expected to grow at highest CAGR of in the forecast period owing to the increasing demand of remote working and Online Education. 

Laptops& Computers are one of the essential consumer appliances in the market. With the day-by-day addition of innovative technologies and multi-functional facilities, the demand for these products is on the rise.
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 are investing in this region by bringing up new manufacturing facilities or through joint ventures.

In Western Europe, NEOS Styrolution, Trinseo and Elix Polymers are the major producers of ABS, accounting for over 90% of the total Western Europe installed capacity. INEOS is a largest ABS producer in Western Europe with plants in Belgium and Germany. The company recently started operations at its existing Polystyrene line in Wingles, France which has been converted into an ABS production line with a capacity of 50 kilo tons. This will help the company to cater the growing demand of ABS from end use industries like automotive, electronics and construction.

Scope of Report 

The Acrylonitrile Butadiene Styrene (ABS) report describes the global Acrylonitrile Butadiene Styrene (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-Supply Analysis
•  Demand Composition, by Application
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  Acrylonitrile Butadiene Styrene (ABS) Market data in terms of volume and value for each end-use 
   at regional and country level
•  Acrylonitrile Butadiene Styrene (ABS) Market analysis for Production, Capacity and 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
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2015 – 2020
          -  Base - 2021
          -  Forecast Period - 2022 – 2030
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand-Supply 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
      •  Electrical & Electronics
      •  Buildings & Construction
      •  Consumer Products
      •  Others
5.  Plants & Projects Analysis
      •  Acrylonitrile Butadiene Styrene (ABS)  Production Capacity, by Company
      •  Acrylonitrile Butadiene Styrene (ABS)  Production Capacity, by Country and by region
6.  Introduction to Acrylonitrile Butadiene Styrene (ABS) and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
          -  Emulsion Process
          -  Mass Process
          -  Hybrid Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
7.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
8.  Global Acrylonitrile Butadiene Styrene (ABS)  Demand-Supply Analysis, By Application, (Volume, Value) (2015–2030)
      •  Strategic Issues
      •  Demand-Supply Analysis and Forecast (2015 – 2030)
          -  Capacity
          -  Capacity Utilization (%)
          -  Production
          -  Imports
          -  Exports
          -  Net Exports
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Acrylonitrile Butadiene Styrene (ABS) Market, By Application 
          -  Automotive
          -  Electrical & Electronics
          -  Buildings & Construction
          -  Consumer Products
          -  Other
9.  Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2015– 2030)
      •  Strategic Issues
      •  Capacity
      •  Capacity Utilization (%)
      •  Production
      •  Imports
      •  Exports
      •  Net Exports
      •  Demand
      •  Demand Growth Rate (%)
      •  Acrylonitrile Butadiene Styrene (ABS) Market, By Application
Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand-supply (consumption) split by Application, 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
         -  ASEAN
         -  Rest of Asia-Pacific
      •  Central & South America
         -  Brazil
         -  Rest of CSA
      •  Middle East & Africa
         -  Saudi Arabia
         -  Iran
         -  South Africa
         -  Rest of MEA
Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2022 – 2030)
10.  Trade Analysis
      •  Trade overview and statistics
      •  Net Trade Analysis
11.  Pricing Analysis
      •  Average Acrylonitrile Butadiene Styrene (ABS) Prices, USD/Kg
      •  Average Prices, by region
      •  Price Forecast
12.  Key Strategic Issues
13.  Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
14.  Strategic Recommendation & Suggestions
      •  Strategic Recommendations and Critical Factors for Success
      •  Success Factors
      •  Marketing and Distribution
      •  Strategic Partnerships / Alliances / Joint Venture 
      •  Multiple Plants and Stocking Points
      •  Technological Innovation
      •  Other Factors
15.  Company Analysis and Market Share Analysis
      •  Acrylonitrile Butadiene Styrene (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
             -  Bhansali Engineering Polymers Ltd.
             -  Cheil Industries
             -  Chi Mei Corporation
             -  Formosa Chemicals & Fibers
             -  Ghaed Bassir Petrochemical
             -  Grand Pacific Petrochemical
             -  Great Eastern
             -  INEOS Styrolution
             -  IRPC Public Company Limited
             -  Jam Petrochemical
             -  Kumho Petrochemical
             -  LG Chemical
             -  Nizhnekamskneftekhim
             -  SABIC
             -  Tabriz Petrochemical Co.
             -  Taita Chemical
             -  Toray Industries 
             -  Trinseo
             -  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.
16.  Appendices
      •  Demand-Supply - Regions
      •  Demand-Supply– Countries
      •  Capacities, 2015-2030

Scope of Report 

The Acrylonitrile Butadiene Styrene (ABS) report describes the global Acrylonitrile Butadiene Styrene (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-Supply Analysis
•  Demand Composition, by Application
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  Acrylonitrile Butadiene Styrene (ABS) Market data in terms of volume and value for each end-use 
   at regional and country level
•  Acrylonitrile Butadiene Styrene (ABS) Market analysis for Production, Capacity and 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


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