However, ABS faces the threat of being substituted by other thermoplastics, particularly polypropylene and polystyrene. Both these plastics have excellent properties and are increasingly being used as substitutes to ABS in automobile and consumer goods applications. In addition, ABS comprises of monomers that are hazardous and have serious exposure impact on humans and the environment. These factors could act as major inhibitors for the market and could hamper the demand for ABS over the coming years.
ABS demand is dominated by appliance applications, which accounted for over 32% of overall ABS volumes in 2011. However, automotive and consumer goods are fast growing applications of ABS and are expected to gain a substantial market share over the next six years
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The rest of
region comprising of countries like
and Korea is the second largest consumer of ABS after
. The region accounted for over 15% of the global demand in 2011 and is expected to gain market share over the forecast period. With manufacturing capacities being shifted towards
and mature domestic demand,
are expected to be somewhat stagnant markets for ABS in the near future.
Key participants operating in the ABS market include LG Chem, Chi Mei Corporation, Styrolution, Formosa Plastic Company and SABIC among others. The report profiles the above mentioned companies along with their detailed market share analysis.
The report includes a detailed analysis of the ABS market in terms of volume and revenue. In addition, the study includes the demand forecast for each application across various regions including
, Rest of
and Rest of the World. This granular market data has also been provided for key countries including the U.S.,
and so on. The global ABS market has been segmented by various applications described below;
ABS Market, by Application
Appliances Electrical and Electronics Automotive Consumer Construction Others