Market Overview:
The global ABS composite resin market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and durable materials in automotive and electronic applications. In addition, the growing textile industry is also expected to drive the demand for ABS composite resin over the forecast period. Based on type, emulsion graft copolymerization is projected to be the fastest-growing segment of the global ABS composite resin market during 2018-2030. This can be attributed to its superior properties such as high impact resistance, dimensional stability, and low coefficient of thermal expansion (CTE). Based on application, automobiles are projected to account for majority share of global ABS composite resin market by 2030 owing to rising demand for lightweight vehicles across all regions.
Product Definition:
ABS Composite resin is a synthetic polymer used to produce various plastic items. It is made from acrylonitrile, butadiene, and styrene monomers. ABS Composite resin has high impact resistance and is often used in the production of automotive parts, consumer goods, and appliances.
Emulsion Graft Copolymerization:
Emulsion graft copolymerization is a new technology that has been applied in the production of high-performance composites. It offers several advantages over other processes, such as improved processability, cost-effectiveness and low environmental impact.
The global emulsion graft copolymerization market size was valued at USD 843.6 million in 2016 and is expected to grow at a CAGR of XX% from 2017 to 2022.
Bulk Copolymerization:
Bulk copolymerization is a process of producing high-purity, uniform polymers by using two or more different monomers in combination. In this process, the reactants are heated and mixed under controlled conditions to produce homogenous products. This technology is widely used for manufacturing engineering plastics and composites that find application in automotive & transportation, construction & building materials, electrical & electronics industries.
Application Insights:
Automotive was the largest application segment in 2017 and accounted for a market share of more than 35% by revenue. The rising demand for lightweight materials with superior mechanical properties is expected to drive the product demand in this application over the forecast period.
The growing production of electric vehicles is projected to have a positive impact on industry growth over the coming years. ABS composite resins are used as an alternative to expensive polymers such as PBT and PA6, which are primarily used in automobile manufacturing owing to their lower costs associated with them. In addition, they also offer better thermal stability along with other benefits that make them highly suitable for use in automotive applications compared to other plastics currently available on the market.
Electronic industry was another key application segment accounting for 11% of total volume share in 2017 due largelyto its increasing usage as electronic components get smallerin size.
Regional Analysis:
North America accounted for the largest share of over 35.0% in 2017, owing to the presence of major automotive manufacturers and a well-established aerospace industry in the region. The U.S., being one of the most important markets for automobiles across the globe, is expected to remain a key consumer as well as producer of these composites during forecast years.
The Asia Pacific is projected to be one of fastest-growing regions with a CAGR exceeding 6.5% from 2018 to 2030 due to rapid industrialization and increasing per capita income levels among developing countries such as China and India along with other Southeast Asian nations including Vietnam, Thailand, Indonesia etc.; which are also likely candidates for future manufacturing facilities expansion plans by global players operating in this industry owing their low labor costs & favorable government regulations regarding FDI investments; will further boost regional product demand over next eight years or so until2030 time frame).
Growth Factors:
- Increasing demand for lightweight and durable materials in automotive and aerospace industries
- Rising demand from construction and infrastructure sectors
- Growing popularity of composites in wind energy sector
- Technological advancements in manufacturing processes of ABS composites resin
- Rising awareness about the benefits of ABS composites resin among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
ABS Composite Resin Market Research Report
By Type
Emulsion Graft Copolymerization, Bulk Copolymerization, Others
By Application
Automobiles, Electronic, Textile Industry, Others
By Companies
CHIMEI, Styrolution, LG Chemical, Trinseo, SABIC, Samsung SDI Chemical, Toray, Formosa, JSR, KKPC, UMG ABS, CNPC (Jilin), Dagu Chemical, Gaoqiao, Huajin Chemical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global ABS Composite Resin Market Report Segments:
The global ABS Composite Resin market is segmented on the basis of:
Types
Emulsion Graft Copolymerization, Bulk Copolymerization, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automobiles, Electronic, Textile Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CHIMEI
- Styrolution
- LG Chemical
- Trinseo
- SABIC
- Samsung SDI Chemical
- Toray
- Formosa
- JSR
- KKPC
- UMG ABS
- CNPC (Jilin)
- Dagu Chemical
- Gaoqiao
- Huajin Chemical
Highlights of The ABS Composite Resin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Emulsion Graft Copolymerization
- Bulk Copolymerization
- Others
- By Application:
- Automobiles
- Electronic
- Textile Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the ABS Composite Resin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
ABS Composite Resin is a type of composite resin that is made up of two or more types of plastic materials. It has a variety of applications, including in the automotive and aviation industries.
Some of the key players operating in the abs composite resin market are CHIMEI, Styrolution, LG Chemical, Trinseo, SABIC, Samsung SDI Chemical, Toray, Formosa, JSR, KKPC, UMG ABS, CNPC (Jilin), Dagu Chemical, Gaoqiao, Huajin Chemical.
The abs composite resin market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 ABS Composite Resin Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 ABS Composite Resin Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 ABS Composite Resin Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the ABS Composite Resin Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global ABS Composite Resin Market Size & Forecast, 2018-2028
4.5.1 ABS Composite Resin Market Size and Y-o-Y Growth
4.5.2 ABS Composite Resin Market Absolute $ Opportunity
Chapter 5 Global ABS Composite Resin Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 ABS Composite Resin Market Size Forecast by Type
5.2.1 Emulsion Graft Copolymerization
5.2.2 Bulk Copolymerization
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global ABS Composite Resin Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 ABS Composite Resin Market Size Forecast by Applications
6.2.1 Automobiles
6.2.2 Electronic
6.2.3 Textile Industry
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global ABS Composite Resin Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 ABS Composite Resin Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America ABS Composite Resin Analysis and Forecast
9.1 Introduction
9.2 North America ABS Composite Resin Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America ABS Composite Resin Market Size Forecast by Type
9.6.1 Emulsion Graft Copolymerization
9.6.2 Bulk Copolymerization
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America ABS Composite Resin Market Size Forecast by Applications
9.10.1 Automobiles
9.10.2 Electronic
9.10.3 Textile Industry
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe ABS Composite Resin Analysis and Forecast
10.1 Introduction
10.2 Europe ABS Composite Resin Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe ABS Composite Resin Market Size Forecast by Type
10.6.1 Emulsion Graft Copolymerization
10.6.2 Bulk Copolymerization
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe ABS Composite Resin Market Size Forecast by Applications
10.10.1 Automobiles
10.10.2 Electronic
10.10.3 Textile Industry
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific ABS Composite Resin Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific ABS Composite Resin Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific ABS Composite Resin Market Size Forecast by Type
11.6.1 Emulsion Graft Copolymerization
11.6.2 Bulk Copolymerization
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific ABS Composite Resin Market Size Forecast by Applications
11.10.1 Automobiles
11.10.2 Electronic
11.10.3 Textile Industry
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America ABS Composite Resin Analysis and Forecast
12.1 Introduction
12.2 Latin America ABS Composite Resin Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America ABS Composite Resin Market Size Forecast by Type
12.6.1 Emulsion Graft Copolymerization
12.6.2 Bulk Copolymerization
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America ABS Composite Resin Market Size Forecast by Applications
12.10.1 Automobiles
12.10.2 Electronic
12.10.3 Textile Industry
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) ABS Composite Resin Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) ABS Composite Resin Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) ABS Composite Resin Market Size Forecast by Type
13.6.1 Emulsion Graft Copolymerization
13.6.2 Bulk Copolymerization
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) ABS Composite Resin Market Size Forecast by Applications
13.10.1 Automobiles
13.10.2 Electronic
13.10.3 Textile Industry
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 ABS Composite Resin Market: Competitive Dashboard
14.2 Global ABS Composite Resin Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CHIMEI
14.3.2 Styrolution
14.3.3 LG Chemical
14.3.4 Trinseo
14.3.5 SABIC
14.3.6 Samsung SDI Chemical
14.3.7 Toray
14.3.8 Formosa
14.3.9 JSR
14.3.10 KKPC
14.3.11 UMG ABS
14.3.12 CNPC (Jilin)
14.3.13 Dagu Chemical
14.3.14 Gaoqiao
14.3.15 Huajin Chemical
