Acrylonitrile Butadiene Styrene Market (ABS) Price Study By Transparency Market Research

The report comprises of forecast and analysis for the Acrylonitrile Butadiene Styrene (ABS) market on a global and regional level. The demand forecast is done based on volumes (kilo tons) and revenue (USD million) for the period ranging from 2011 to 2018. The study includes the drivers and restraints for the ABS market along with the impact they have on the demand over the forecast period. In addition, the report includes the study of the opportunities available in the ABS market at a global and regional level.

Browse the full report at http://www.transparencymarketresearch.com/acrylonitrile-butadiene-styrene.html

To give the users of this report a holistic view on the ABS market, we have included a detailed raw material analysis along with the value chain. To understand the competitive intensity in the market, an analysis of the Porters five forces model for the ABS market has also been included. Additionally, the study comprises a market attractiveness analysis, wherein the applications are benchmarked based on their market size, growth rate and general attractiveness.
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The study provides a conclusive view on the ABS market by segmenting the market based on its applications. All the application segments have been analyzed based on present and future trends and the market is estimated from 2011 to 2018. The regional segmentation includes the current and forecast demand for North America, Europe, China, Rest of Asia and Rest of the World (RoW). There is further demand segmentation for countries like the U.S., Germany, Italy, India, Japan, Korea and Taiwan. This segment includes the demand for individual applications in all the regions and countries.
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The major factor driving ABS consumption is the increasing demand from end user applications such as automobiles, appliances and consumer goods. ABS is one of the leading engineering plastics and is increasingly finding usage across a host of industries. There has been a shift in preference towards consumers demanding higher fuel economy in automobiles. Reduction in automobile weight is a primary facet in this regard and the increased use of plastic is inevitable. ABS is used in a variety of automotive applications like trims, panels and coatings among others which is expected to increase its demand over the next six years.

China is expected to remain the largest regional market for ABS and is estimated to account for roughly 61% of the global demand by 2018. Low labor and operating costs in China, have forced a considerable number of multinational manufacturing companies to shift their manufacturing units to China. The country is also the world’s largest automobile manufacturing nation and consumes huge volumes of plastics, of which ABS is an essential part.
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However, ABS faces the threat of being substituted by other thermoplastics, particularly polypropylene and polystyrene. Both these plastics have excellent properties and are increasingly being used as substitutes to ABS in automobile and consumer goods applications. In addition, ABS comprises of monomers that are hazardous and have serious exposure impact on humans and the environment. These factors could act as major inhibitors for the market and could hamper the demand for ABS over the coming years.
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Automotive Plastics Market Analysis By Transparency Market Research

This report by Transparency Market Research analyzes the automotive plastics market from a global perspective and endeavors to portray a detailed and comprehensive collection of data and its analysis on the basis of various market parameters. The report also strives to compile together a macro-view of the complete demand and supply characteristics of automotive plastics by providing historical data from 2009 and a forecast of market segmentation until 2018 along with detailed analyses of revenues and volumes.

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Plastics find major applications in electrical components and interior and exterior furnishings of automobiles. The majority of the application market for automotive plastics is under the purview of these two application segments accounting for almost 70% of the total consumption. Plastics are also used in other parts in automobiles such as power trains, under the hood and chassis. The market for these applications is expected to show growth over the forecast period.
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Polypropylene (PP) has been the most widely used plastic in automobiles in recent years and is expected to hold sway for the entirety of the forecast period till 2018. Polyurethane (PU), acrylonitrile butadiene styrene (ABS), polyvinyl chloride (PVC) and polyethylene (PE) are the other major plastic materials that have been in great demand in automobile manufacturing. Polycarbonate (PC), polymethyl methacrylate (PMMA), polyamides (PA) such as nylons and other plastics including polyoxymethylene (POM) and polyethylene terephthalate (PET) are also in great demand in various automotive applications.
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Biodegradable plastics are a more environment friendly option to plastics sourced from crude oil and derivatives. After a certain time period these plastics begin their degradation process and are easy to dispose without causing adverse effects on the environment. Starch based and polylactic acid (PLA) based biodegradable plastics have been the most common materials used in the automotive industry. Newer biodegradable plastics such as PHA, PCL and PBS are being used in small quantities for automotive applications. Biodegradable plastics have been analyzed separately as a potential opportunity, the estimates for these plastics have not been included in the overall market estimate and have been provided separately.
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Growing automotive demand, especially from developing markets, coupled with a strong trend to reduce vehicle weight is expected to drive automotive plastic demand in the near future. The instruments and technology used in designing and manufacture of automotive plastics in their various application segments are extremely cost intensive and this is one of the main drawbacks as it discourages new players from entering the fray. Raw materials for automotive plastics are majorly sourced from petroleum products and this has a direct impact on the price of finished products as the raw material prices are volatile and subject to the variation in crude oil prices.
The automotive plastics market was dominated by Asia Pacific, which accounted for more than 50% of the total consumption by volume in the year 2011.
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This growth is primarily driven by the huge demand for automobiles in the rapidly developing economies within the region. Combined with improved design capability and the enormous reduction in weight and emissions, plastics have become one of the most important and indispensable materials in automotives and are expected to enjoy this market superiority in the coming years.