Global ABS Alloy market to surpass USD 32.1 billion by 2030 from USD 9.41 billion in 2020 at a CAGR of 13.02% throughout the forecast period, i.e., 2021-30. Global ABS Alloy market is estimated to grow due to its growing demand in automotive and electronics industry. ABS Alloy possesses exclusive qualities including corrosion resistance, thermal resistance, high tensile strength, and low water absorption which is anticipated to grow the ABS alloy market in near future.
Acrylonitrile butadiene styrene (ABS) alloy refers to alloy created by mixing acrylonitrile butadiene styrene with other metals in an appropriate amount. ABS consist of three parts: acrylonitrile, butadiene, and styrene. Acrylonitrile is a monomer that is formed by ammonia and propylene. Butadiene is a byproduct of ethylene produced from steam crackers. Styrene is made by dehydrogenation of ethylbenzene which offers processability and rigidity to ABS alloy. Polyethylene terephthalate ABS alloys and Polycarbonate ABS Alloys are the principal ABS Alloys. ABS is a resin that has mechanical and molding properties. ABS is a long-lasting and strong resin that provides greater impact properties and higher heat distortion. ABS alloys are used in the manufacturing of household appliances, aerospace, construction, computers, office equipment and optical fibers because of their thermal stability.
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Global ABS Alloy Market: Key Players
- Cheil Industries,
- Polymer Technology & Services,
- Techno polymer,
- Kumho Petrochemical,
- LG Chem,
- Sumitomo, and
- Other Prominent Players
Global ABS Alloy Market: Segments
Polycarbonate ABS Alloy segment to grow with the highest CAGR during 2021-30
Global ABS Alloy market is segmented by product type into polycarbonate abs alloys (PC ABS Alloys), polyethylene terephthalate ABS Alloys (PET ABS alloys), and others. THE Polycarbonate ABS alloy segment held the largest market share of XX.X% in the year 2020. Polycarbonate ABS Alloys are used in the construction and automobile industry due to which its demand is rising. It is used in automotive interior and exterior components, electrical housing, medical hardware as it provides good impact resistance and better process ability and appearance. Besides, it is ecofriendly which has expanded the market growth in recent years.
Electrical & Electronics Segment to grow with the highest CAGR during 2021-30
Global ABS Alloy market is distributed by end-users into automotive, electrical & electronics, architectural and others. The Electrical & electronics segment held the largest market share of XX.X% in the year 2020 on account of the rising demand for ABS alloys in this sector. ABS offer excellent all-round performance for electronic appliances or equipment like computer, keyboards
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Growing Demand from Automotive Industry
Wide application of ABS alloy in the automotive industry is anticipated to boost the global ABS alloy market over the forecast period. ABS alloy is used in the interior, exterior and lighting systems of automobiles owing to its heat resistance and high strength properties. Exceptional dielectric and thermal stability are shown by ABS alloy make it better to utilize in applications such as knee bolster, love box, lower instrument panels, and the middle console. Moreover, mounting consumption of polycarbonate ABS alloys (PC ABS alloys) in the automotive industry is projected to drive the global ABS alloy market in coming years.
ABS alloy suffers compatibility problems which is likely to limit the demand for ABS alloys over the forecasting period. Furthermore, in the presence of greases, it can suffer from stress cracking.
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Global ABS Alloy market report also contains analysis on:
ABS Alloy Market Segments:
- By Product Type
- Polycarbonate ABS Alloys (PC ABS Alloys),
- Polyethylene Terephthalate ABS Alloys (PET ABS alloys)
- By End-User
- Electrical & Electronics,
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