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Acrylonitrile Butadiene Styrene (ABS) Market Analysis, Market Size, Application Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2012 To 2020

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Increasing light weight components demand in automobile industry is anticipated to fuel the global acrylonitrile butadiene styrene (ABS) market growth over the forecast period.
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Acrylonitrile Butadiene Styrene (ABS) Market Analysis,
Market Size, Application Analysis, Regional Outlook,
Growth Trends, Competitive Strategies And Forecasts, 2012
To 2020
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.
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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
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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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