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Wednesday, March 9, 2022

Global ABS Alloys Market to be Driven by the Growing Use of ABS Alloys in the Automotive Sector in the Forecast Period of 2022-2027

The new report by Expert Market Research titled, ‘Global ABS Alloys Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global ABS alloys market, assessing the market based on its segments like product types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:

Market Overview (2017-2027)

  • Forecast CAGR (2022-2027): 30%

The market growth can be attributed to the growing use of ABS alloys in automotive applications owing to their computability. As ABS alloys offer impact-resistant properties, they are increasingly preferred as a substitute for polycarbonates, hence propelling the market growth. With the aesthetic appearance provided by ABS alloys, they eliminate the requirement for additional coatings. This, in turn, is surging the use of ABS alloys in exterior automobile parts, which is driving the market growth. Further, the growing manufacturing of fuel-efficient vehicles is surging the use of ABS alloys as it is lightweight, thereby fuelling the market growth.

Industry Definition and Major Segments

ABS alloys, variously known as acrylonitrile-butadiene-styrene (ABS) alloys, are blended alloys of polyethylenes and polycarbonates, among others. They have superior strength, flexibility, and impact resistance. ABS alloys are cost-effective, due to which they are increasingly used as a substitute for polycarbonates in various industries.

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The market, based on product types, is divided into:

  • Polycarbonate ABS Alloys (PC ABS Alloys)
  • Polyethylene Terephthalate ABS Alloys (PET ABS alloys)
  • Others

Based on applications, the market is categorised into:

  • Automotive
  • Electrical and Electronics
  • Architectural
  • Others

The regional markets of ABS alloys are:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

The market is being fuelled by the increasing use of polycarbonate ABS alloys (PC ABS alloys) owing to their excellent properties. The growth can also be attributed to the growing demand for consumer electronics like smartphones, laptops, and other portable electronic devices. With the increasing deployment of polycarbonate ABS alloys as a substitute for polycarbonate to boost the cost-effectiveness of electronic devices, the market is witnessing robust growth. In addition, polycarbonate ABS alloys have high wear and tear and impact resistance, due to which they are increasingly preferred in the electronics industry. With the growing demand for electronic devices in various industries, the market for ABS alloys is poised to grow robustly in the coming years.

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Key Market Players

The major players in the market are LOTTE Chemical CORPORATION, KUMHO PETROCHEMICAL, LG Chem, RTP Company, and Sumitomo Bakelite Co., Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Contact Person:-Ian Bell, Business Consultant
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**We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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