ABS Market
Regions Covered
USA
Europe
Asia
Regions Covered
USA
Europe
Asia
The global ABS market is expected to grow at a CAGR of 5 percent from 2017 to 2021, with Asia as the center of demand growth. The trend of light-weight vehicles expected uptrend in demand in China, growing in light of the new regulations, in order to ban the import of scrap plastics, such as ABS and SAN, growth of consumer electronics are some of the potential platform for ABS growth, as 2018 progresses. China is expected to remain as the key driver for the ABS market, in terms of consumption and production. Capacity additions are expected to come up more in Asia (from Trinseo and CNOOC & LG Petrochemical), while North America and the EU is likely to portray fewer additions. More than 80 percent of the global capacity is concentrated in the Asian region. Asia does not have a cost competitive feedstock, yet the prices and margins of ABS are the lowest, given its excess capacity. Chi Mei Corp. is the top player in the ABS industry, on a regional and a global scale, with a capacity of 2.1 MMT
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