Acrylonitrile-Butadiene-Styrene (ABS) Resin Market: China Contributes to Largest of the Market Share
ABS Resin is a superior product among the styrene family. It is the co-polymer of acrylonitrile, butadiene, and styrene. Due to exceptional resistance and toughness properties, it best serves in manufacturing products such as pipes, faucets, automotive body parts, golf club heads, protective head gear, toys and so on.
Unites States, September 22, 2015 (Newswire.com) - The Acrylonitrile Butadiene Styrene (ABS) Market is basically the trading of the ABS Polymers which is a commonly used Thermoplastic Polymer. It is the co-polymer of acrylonitrile, butadiene and styrene and is a superior product of the Styrene Family. Its glass transition temperature is approximately 105 °C (221 °F). ABS is amorphous and therefore has no true melting point. ABS can be recycled, although it is not accepted by all recycling facilities. ABS is flammable when it is exposed to high temperatures, such as a wood fire. It will melt then boil, at which point the vapors burst into intense, hot flames.
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The ABS Market comes into application in various ways as ABS Polymers are widely used for Mechanical Purposes and also for Electrical Purposes. The most important mechanical properties of ABS are impact resistance and toughness. They are resistant to aqueous acids, alkalis, concentrated hydrochloric and phosphoric acids, alcohols and animal, vegetable and mineral oils, and get swollen by glacial acetic acid, carbon tetrachloride and aromatic hydrocarbons and are attacked by concentrated sulfuric and nitric acids. They are soluble in esters, ketones, ethylene dichloride and acetone.
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Regional Brief: According to IndustryARC, China is noted to be the largest consumer in the ABS Resins Market accounting for more than 50% of the share of the consumption. And the rest of the Market Share is substantially held by North America, Europe and Asia which owes to the increasing consumption rate.
Driving Factors: The emerging middle class population and their disposable income is set to drive the consumer appliances market in the developing economies and this shall enhance the demand for ABS Resin Market.
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The ABS Market is segmented into types depending on the following 3 factors:
1. By Grade: Low Gloss, High Gloss, Low Flow, High Flow and Plateable.
2. By Application: Consumer and Industrial Applications.
3. By Geography: North America, APAC, Europe and ROW.
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INEOS Group acquired the BASF SE share of Styrolution, the joint venture of BASF SE and INEOS Group in 2014.
Styron launched ABS Resin by mass polymerization technology instead of emulsion process. This products is claimed to have high lot-to-lot consistency, low gel and superior whiteness and is best suitable for non-commodity type applications.
Chei Mei Corporation has entered into an agreement with SANKO KAKO, a major producer of plastic resin in 2013. This agreement was aimed to extend co-operation between to each other to bring out advanced products.
In Cheil Industries, Chemical business division of Samsung SDI Co., Ltd has completed the construction of high value added engineering plastic production plant in Dongguan in China.
· Lanxess AG
· Nizhnekamskneftekhim (NKNH)
· BASF SE
· TPC Group
· The Lubrizol Corporation
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