Global ABS Alloys Market Report and Forecast 2024-2032

Global ABS Alloys Market Outlook

The global ABS alloys market is expected to grow in the forecast period of 2024-2032 at a CAGR of 6.30%.

Increasing Use of ABS Alloys in the Automotive Sector Bolstering the Market Growth

The increasing computability offered by ABS alloys is surging their use in automotive applications like moulding. The growing use of ABS alloys as a substitute for polycarbonates owing to their excellent impact-resistant properties is driving the growth of the market. As ABS alloys have aesthetic appearance, they are increasingly used in exterior automotive parts while eliminating the use of additional painting, hence propelling the market growth. Moreover, the enhanced dimensional stability and superior energy-absorbing ability are increasing the use of ABS alloys in automotive parts, which is augmenting the growth of the market.

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As the development of lightweight automobiles with enhanced fuel-efficiency is increasing. This, in turn, is increasing the use of ABS alloys owing to its lightweight properties, which is significantly contributing to the market growth. With superior electrical performance provided by products of ABS alloys, they are increasingly deployed in in-vehicle infotainment systems, which is further invigorating the growth of the market.

ABS Alloys: Market Segmentation

ABS alloys, variously known as acrylonitrile butadiene styrene alloys, are thermoplastics that are made with a blend of polycarbonates. It has high rigidity, excellent insulating and impact resistant properties. ABS alloys offer high dimensional stability as well as surface brightness and find their applications in the automotive and electronics industry.

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The major product types of ABS alloys are:

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

The market can be broadly categorised on the basis of its applications into:

• Automotive
• Electrical and Electronics
• Architectural
• Others

The EMR report looks into the regional markets of ABS alloys like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Rising Utilisation of Polycarbonate ABS Alloys (PC ABS Alloys) in Various End-Use Industries to Augment the Market Growth

The increasing use of polycarbonate ABS alloys (PC ABS Alloys) owing to their favourable properties in the electronics industry is augmenting the growth of the market. With the growing demand for consumer electronics, such as laptops, phones, and other portable electronic devices, the use of ABS alloys is increasing, which is significantly contributing to the growth of the market. Moreover, the high wear and tear, as well as impact resistance offered by polycarbonate ABS alloys are leading to a surge in their demand to enhance the reliability of electronic devices, which is aiding the market growth. As polycarbonate ABS alloys offer enhanced processability and excellent flame retardancy, they are used in electric components of devices, hence driving the market growth. In addition, the rising demand for miniature and lightweight electronic devices in major industries leading from construction to medical is increasing the use of polycarbonate ABS alloys, which is providing further impetus to the growth of the ABS alloys industry.

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Key Industry Players in the Global ABS Alloys Market

The report presents a detailed analysis of the following key players in the global ABS alloys market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• LOTTE Chemical CORPORATION
• KUMHO PETROCHEMICAL
• LG Chem
• RTP Company
• Sumitomo Bakelite Co., Ltd.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report