01-Dec-2020 | Facts and Factors
Findings from Facts and Factors report “ABS Alloys Market By Product (Bonded, Coated, and Super), By Material (Natural, and Synthetic), By End-User (Automotive, Metal Fabrication, Machinery, Electronics, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026” states that the global ABS Alloys Market is expected to grow at a CAGR Of 6.3% from 2020- 2026.
The Global ABS Alloys Market Is Driven By Growing Demand In The Electronics And Automotive Industries
Acrylonitrile butadiene styrene alloy is an alloy which is formed by blending acrylonitrile butadiene styrene and other metals in an identified amount. Polyethylene Terephthalate ABS alloys and Polycarbonate ABS Alloys are the two major types of ABS Alloys. It is a kind of resin which is having molding performance and mechanical properties. Thermoplastics, having superior properties such as creep resistance, heat resistance, high impact strength, good dimensional stability, transparency, non-toxicity, low water absorption, good dielectric properties, aging resistance, easy coloration, and strong electrical insulation are polyethylene terephthalate and polycarbonate.
Browse the full “ABS Alloys Market By Product (Bonded, Coated, and Super), By Material (Natural, and Synthetic), By End-User (Automotive, Metal Fabrication, Machinery, Electronics, and Others): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecasts, 2020–2026" report at https://www.fnfresearch.com/abs-alloys-market
Better thermal stability is present in ABS alloys. Therefore, it is applied in the manufacturing of household appliances, communication equipment, aerospace, and computers, office equipment, construction, and lighting equipment, camera and medical equipment, and optical fibers. ABS alloys are typically used in the automotive industry. In this industry, it is utilized in applications such as the love box, the middle console, knee bolster, overhead console, and lower instrument panels. Properties such as heat resistance and high strength make it possible for these alloys to be used in exterior, interior, and lighting systems for automobiles.
Increased demand for ABS alloys has prompted researchers in the automotive and household appliance industries to produce new and improved alloys with excellent mechanical properties, and chemical resistance, ultra-low gloss, free-spraying, and eco-friendly characteristics. In the near future, this is anticipated to fuel the global demand for ABS alloys. Compatibility problems with ABS alloy products may limit the demand for ABS alloys in recent years. During the forecast era, growth in the automotive industry in emerging economies such as India, China, and Japan is expected to fuel the global demand for ABS alloys. In addition, the demand for ABS alloys is increasing due to its advantages such as creep resistance, high impact strength, and good dimensional stability. An increase in the usage of polycarbonate ABS alloys in the automotive industry is expected to bring significant opportunities to ABS alloy manufacturers in the near future. The ABS alloys market is boosted by better thermal stability and excellent dielectric properties demonstrated by ABS alloys.
In 2019, demand for the ABS Alloys market is projected to grow at a CAGR of 6.3 percent growth in the worldwide ABS Alloys industry.
Some of the essential players operating in the ABS Alloys market, but not restricted to include Lotte, Chimei, Cheil Industries, Polymer Technology & Services, Techno polymer, Bayer, BASF, Kumho Petrochemical, LG Chem, Sumitomo, and Enichem among others.
The global market for ABS Alloys has been segmented into products and applications. The product type segment has been categorized into Polyethylene Terephthalate ABS Alloys and Polycarbonate ABS Alloys among others. The usage of polycarbonate ABS alloys has increased owing to rising demand in the construction and automobile industry. The emergence of new and reconfigured alloys with good mechanical properties including hydrolysis free-spraying, chemical resistance, ultra-low gloss, and eco-friendly nature has increased the market growth in recent years. The compatibility issues of such alloys may hamper the polycarbonate ABS alloys market size in the future. The blend of ABS terpolymer and polyethylene terephthalate (PET) is the Polyethylene Terephthalate ABS alloy. This increases fluidity and has outstanding comprehensive results. Such alloys are extensively used in automotive, electrical & electronics, architecture, and others. Due to the increased use of ABS alloys in lighting systems, automotive interiors, exteriors, and other accessories, the automotive segment is expected to expand to a healthy CAGR during the forecast period.
In terms of geography, North America has accounted for the major market share in the global ABS Alloys markets. This growth has been led by the U.S. owing to a rise in demand for such alloys in the electrical & electronics, architecture, and automotive sectors. Moreover, Europe is expected to grow owing to increasing demand for such alloys in automotive applications in upcoming years. The Asia Pacific region is anticipated to grow at the fastest rate during the forecast timeline. It is due to the rise in infrastructural activities in Japan, India, China, and South Korea. Furthermore, the same trend in Latin America, and the Middle East, and Africa has supported the growth of the market in 2019.
The taxonomy of the ABS Alloys market by its scope and segmentation is as follows:
Global ABS Alloys Market: Product Type Analysis
- Polycarbonate ABS Alloys (PC ABS Alloys)
- Polyethylene Terephthalate ABS Alloys (PET ABS alloys)
Global ABS Alloys Market: Application Analysis
- Electrical & Electronics
Global ABS Alloys Market: Regional Segmentation Analysis
- North America
- The UK
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
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