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China has rapidly emerged as a global petrochemical products manufacturing hub. Production in China enjoys the advantage of lower operating costs than elsewhere, but currently China imports a considerable amount of ABS in order to produce ABS products such as household appliances, electrical and electronics products, and industrial and automotive applications. As a result there is huge scope for ABS capacity additions in China. Demand from China is currently driving the Asia Pacific market’s demand for ABS and it is expected to drive the demand in future.
Household appliances were followed by electrical and electronics, and the automotive sectors with 2,433,652 tons, 1,556,899 tons and 915,122 tons of demand, respectively, were the leading endues segments for ABS in 2010. Together they accounted for more than 75% of the global ABS demand. The industrial, construction, packaging and consumer products sectors accounted for the remainder of global end-use demand for ABS in 2010. A similar trend for end-uses of ABS is expected to continue throughout the forecast period to 2020.
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ABS, as a thermoplastic, is undergoing innovations from the manufacturers. Thus ABS is finding new applications in the existing sectors as well as in new sectors. Polycarbonate and polysulphonate blends of ABS have been in existence for quite some time. Now other compounds like Polybutylene Terephthalate (PBT), Nylon 6, and Liquid Crystalline Polymer (LCP) are being blended with ABS for different applications in the market. It is this constant innovation in the field of ABS end-use applications which is expected to further increase its demand in future.
“Acrylonitrile Butadiene Styrene (ABS) Global Market to 2020 - Growth of Household Appliances and Electrical and Electronics Sectors in Asia-Pacific Boosts Global Demand” is an in-depth report focusing on the demand side of the global ABS industry. The report provides the reader with detailed analysis and forecasts of the major economic and market trends affecting global ABS demand in the major regions of the world. It also provides analysis and description of the major drivers and restraints affecting ABS demand in various regions. Global ABS demand is assessed in terms of end-user segments, price, and a competitive landscape, at both a regional and country level. Overall, the report presents a comprehensive analysis of the global ABS market covering all the major parameters. The report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by our team of industry experts
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