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Global Acrylonitrile Butadiene Styrene (ABS) Industry Report: by Application; Country Overview; Recent Events; Value Chain Analysis; Production Process; Trade Analysis; Cost Structure; Price Analysis; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis, Porter’s Five Forces; Market Analysis; Industry Best Practices; Key Supplier Analysis, 2022-2027

Acrylonitrile Butadiene Styrene (ABS) Industry Report by Regional Category Spend, Price Analysis, Key Demand and Price Indicators, and Best Buying Practices

The global Acrylonitrile Butadiene Styrene (ABS) market reached a value of about USD 16.50 billion in 2021. The industry is projected to grow at a CAGR of around 6.0% in the forecast period of 2022-2027 to reach a value of about USD 23.41 billion by 2027.

The global Acrylonitrile Butadiene Styrene (ABS) industry report gives a comprehensive analysis of the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. The industry is primarily driven by the rising acceptance of ABS in the automotive sector and the many advantages of ABS in transportation, construction, electronics, and other sectors.  In the industry report, the critical demand indicator is the highest category spender by region—Asia.

Industry Definition and Segmentation

ABS (acrylonitrile butadiene styrene) is a popular thermoplastic polymer created by fusing styrene and acrylonitrile with polybutadiene. It is widely utilised in 3-D printing, a relatively new method in which physical printers create three-dimensional items from digital blueprints and models. Due to its properties, like being easily recyclable having a wide temperature operating range, it is commonly employed in environmentally friendly corrosion prevention applications. The Acrylonitrile Butadiene Styrene (ABS) industry report comprises segments by application (Automotive, Appliances, Electronics & Electrical, Building & Construction, Alloys, Others), and region (North America, Europe, Asia Pacific, the Middle East, and Africa, and South America).

North America, Europe, Asia Pacific, Middle East & Africa, and South America Regions are Driving the Growth of the Industry

Asia-Pacific led the global market, with China and India accounting for most consumers. The increasing demand for ABS in the construction and automotive industries in the Asia-Pacific region accounts for a considerable portion of the worldwide ABS market. Due to increasing demand for the compound in the developing automotive industries in developed countries, the market in Europe and North America is predicted to rise at a substantial rate.

The industry is being propelled by the increasing acceptance of ABS in automotive industries. It is the favoured engineering plastic and is widely employed in the fabrication of vehicle parts since it is a better alternative for metals. The primary purpose of these extensively utilised high-performance plastic materials in automobiles is to detect their functioning, economy, and low fuel consumption. The materials allow for additional design flexibility and provide a safe geometrical and cost-effective option for part manufacturing. They also have good heat and flame resistance and electrical insulation. Furthermore, rising population awareness of fuel efficiency and government regulatory frameworks are two crucial factors driving market development.

However, concerns regarding the volatility of raw materials and the availability of replacements such as styrene-butadiene rubber hinder the market's expansion.

Best Procurement Practices

The global ABS industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by major global ABS regions across the globe, such as engagement models, contract terms, and buyer and supplier negotiation levers.

Category Management Studies

ABS comprises three different chemicals: acrylonitrile, butadiene, and styrene. Butadiene is a petroleum hydrocarbon acquired from the C4 fraction of steam cracking; styrene monomer is created by dehydrogenation of ethylbenzene — a hydrocarbon formed in the reaction of ethylene and benzene. Styrene and acrylonitrile are typically polymerised in the presence of polybutadiene to produce acrylonitrile butadiene styrene. This technique results in a long polybutadiene chain that crisscrosses with shorter polystyrene-co-acrylonitrile chains, forming strong connections. Continuous mass polymerisation, a patented technology, may also make ABS. It is one of the most often used materials in manufacturing, and it comes in a range of shapes and sizes. It may be produced into pellets for injection moulding, filament for additive manufacturing, and extruded for CNC machining.

Substantial Demand in Various Industries is Further Bolstering the Procurement of ABS

The expansion of the acrylonitrile butadiene styrene market would be aided by the increasing penetration of ABS applications in the construction industry. As disposable income rises, one of the most prominent elements impacting industrial growth is rising construction expenditure, particularly in emerging nations. Furthermore, the product's design flexibility, chemical resistance, and exceptional mechanical qualities will expand its application in various sectors. ABS sheets are widely utilised in the railway industry to make seatbacks, window masks, and ceiling panels. Moreover, nations like China and India invest in sophisticated high-speed railcars, fuelling demand for ABS sheets for ceiling applications.

Furthermore, ABS plastic is frequently used in aeroplane panels and baggage compartments. It lends itself well to vacuum shaping, moulding it into a broad range of forms. Its heavy-duty strength and low density make it ideal for interior aircraft parts. They're also utilised in the doors and fuselages of planes.

The regional markets for the industry can be divided into North America, South America, Europe, the Middle East and Africa, and the Asia Pacific.

Key Industry Players Mentioned in the ABS Industry Report

  • LG Chem
  • CNPC (PetroChina)
  • Ineos Solution
  • Trinseo

Market Landscape

New product launches, mergers and acquisitions, production facility development, and cooperation agreements are priorities for the worldwide acrylonitrile butadiene styrene industry participants. These are some essential techniques firms use to increase their market share. To achieve a viable edge in the market, several renowned firms, like Covestro AG, invest in growing their manufacturing capacity and developing new goods. Such developments will likely increase the worldwide ABS market in the projected years. The shifting pricing of raw resources, on the other hand, may operate as a market restraint. Nonetheless, as consumers' disposable income rises worldwide, demand for vehicles is predicted to climb, leading to strong demand for ABS in the market.

Key Initiatives by Companies

  • INEOS stated in January 2021 that a demonstration polymerisation unit producing acrylonitrile butadiene styrene (ABS) resin from recycled plastics would be built. This programme is by the European Union Commission's circular economy implementation.

1.    Executive Summary
2.    Global ABS Market Snapshot

    2.1.    ABS Market Outlook
    2.2.    ABS Industry Analysis by Application
        2.2.1.    Automotive
        2.2.2.    Appliances
        2.2.3.    Electronics & Electrical
        2.2.4.    Building & Construction
        2.2.5.    Alloys
        2.2.6.    Others
    2.3.    Regional Overview
        2.3.1.    North America
        2.3.2.    Europe
        2.3.3.    Asia Pacific 
        2.3.4.    Others
3.    Impact of Recent Events 
4.    ABS Value Chain Analysis 
5.    ABS Production Process
6.    Trade Analysis 
7.    Major Risk Factors in Sourcing
8.    ABS Cost Structure
9.    ABS Price Analysis 
10.    Key Demand Indicator Analysis
11.    Key Price Indicator Analysis
12.    ABS Market Dynamics

    12.1.    Drivers & Constraints
    12.2.    Industry Events 
    12.3.    Innovations & Trends
    12.4.    SWOT Analysis
    12.5.    Porter’s Five Forces
        12.5.1.    Buyer Power
        12.5.2.    Supplier Power
        12.5.3.    Threat of New entrants
        12.5.4.    Threat of Substitutes
        12.5.5.    Industry Rivalry
13.    Feedstock Market Analysis 
    13.1.    Market Overview
    13.2.    Price Analysis 
14.    Industry Best Practices
    14.1.    Sourcing Strategy
    14.2.    Procurement Model
    14.3.    Contract Structure
    14.4.    Negotiation Levers
    14.5.    Pricing Model
    14.6.    Key Factors Influencing the Quotation 
15.    Key Supplier Analysis
    15.1.    SABIC
    15.2.    LG Chem
    15.3.    CNPC (PetroChina)
    15.4.    Ineos Styrolution
    15.5.    Trinseo

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Key Questions Answered in the Report

The global ABS market size was valued at USD 16.50 billion in 2021.

As per the applications provided, the automotive segment is anticipated to lead the market between the period 2022 – 2027.

The significant demand for ABS as a material to manufacture various elements in automobiles is one of the essential drivers of the market growth.

SABIC, LG Chemical, CNPC (PetroChina), Ineos Styrolution, and Trinseo are few of the top companies in the market.

The Asia segment of the ABS industry holds a significant share in the market.

Analyst Review

The global ABS market attained a value of USD 16.50 billion in 2021, driven by the rising application of the material in the automotive industry. Owing to its various properties, it finds extensive application in various industries such as construction, railway, aerospace, etc., to manufacture many components. Due to its application in various industries, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 6.0%. The market is projected to reach USD 23.41 billion by 2027.

Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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