Increasing light weight components demand in automobile industry is
anticipated to fuel the global acrylonitrile butadiene styrene (ABS)
market growth over the forecast period. ABS comprises durability and
high strength at low temperatures, chemical resistance, heat resistance
and also easy manufacturing process.
These properties attract manufacturers to use ABS as a raw material
for industrial as well as consumer product applications such as
construction material, consumer goods, automotive exterior and interior
parts and appliances. ABS is used to produce end products through
various thermoplastic manufacturing methods such as extrusion, blow and
injection molding. A variety of ABS grades are available in the market
and chosen for the applications based on mechanical and physical
properties of the raw material polymer used.
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Plastics are being majorly used in industries as they provide a
significant weight reduction in the components. ABS applications are
increasing in automotive industry due to above mentioned aspect which
also helps to enhance fuel efficiency. A 10% weight reduction results in
5% to 7% fuel savings which is considerable aspect related to
consumers. In addition to this, it also reduces carbon dioxide emission
over the vehicle life cycle. Growing appliance market demand in China is
expected to fuel the ABS market demand over the next five years.
However, existence of functional substitutes is anticipated to
replace the ABS applications in end-use industries. But ABS has replaced
many materials such as metals, ceramics, nylon and wood from end-use
applications. Recent developments related to technology advancements in
product development particularly bio-based products are expected to
replace ABS in the near future. Technology advancement to expand ABS
applications in other sectors is anticipated to offset this negative
impact on the market over the forecast period.
Automotive segment was the dominant application market in 2013 and is
expected to witness fastest growth over the next five years. ABS is
broadly used to manufacture center consoles, headliners, trims and
interior grills. It is also utilized for exterior parts such as bumpers,
handles, carriers and panels owing to its strength, toughness and
rigidity. The product growth is anticipated to spur over the next five
years due to improved favorable regulations and increased concern about
fuel economy and weight.
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Electrical and electronics contributed to the second major consumer
market accounting for over 20% of the total demand. Easy manufacturing
process and fabrication makes it better raw material for electrical
industry. ABS provides a series of applications in electrical industry
owing to better insulation property. Other product applications include
construction material, appliance and consumer goods. China was the
dominant ABS regional market accounting for over 55% of the total demand
in 2013. China is the dominant consumer and manufacturer of ABS across
the world owing to numerous existing end user industries in the region
and low operating and labor costs.
In addition to this several other companies has shifted their
manufacturing facilities to the region from west on account of above
mentioned reasons. Other countries in Asia such as India, Indonesia,
South Korea Taiwan and Japan are also anticipated to show a rapid growth
for the global ABS market over the next five years. This is driven by
the increasing construction activities and industrialization in the
region. The region still contributes to the low consumption of ABS
products which is expected to be a scope for further growth in the
region. India is projected to be the most emerging market in the region
owing to growing application industries.
Global ABS market is fairly concentrated with major four participants
accounting for over 60% of the total demand in 2013. The major market
players in the global market include Formosa Plastic Company, Chi Mei
Corporation, LG Chemical, Styrolution, Kumho Petrochemical Company,
SABIC and Styron.
Table of Contents
Chapter 1 Executive Summary
1.1 Acrylonitrile Butadiene Styrene (ABS) – Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Acrylonitrile Butadiene Styrene (ABS) Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Acrylonitrile Butadiene Styrene Value Chain Analysis
2.4 Acrylonitrile Butadiene Styrene Market Dynamics
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Acrylonitrile Butadiene Styrene - Company Market Share Analysis
2.8 Acrylonitrile Butadiene Styrene - PESTEL Analysis
Chapter 3 Acrylonitrile Butadiene Styrene (ABS) Application Outlook
3.1 Appliance
3.2 Automotive
3.3 Consumer goods
3.4 Construction
3.5 Electrical and Electronics
3.6 Others
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Chapter 4 Acrylonitrile Butadiene Styrene (ABS) Regional Outlook
4.1 North America
4.2 Europe
4.3 China
4.4 Rest of Asia
4.5 RoW
Chapter 5 ABS Competitive Landscape
5.1 LG Chemicals
5.2 Asahi Kasei
5.3 Chi Mei Corporation
5.4 Formosa Plastics
5.5 KKPC
5.6 SABIC
5.7 Styron
5.8 Styrolution
Chapter 6 Methodology & Scope
6.1 Research Methodology
6.2 Research Scope & Assumptions
6.3 List of Data Sources
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