PC/ABS Resin Market Size, Share, Growth, and Global Industry Analysis, By Type (General Grade, Flame Retardant Grade and Others), By Application (Automotive, Appliance, Electronics, Industrial Parts, Healthcare Parts, and Others), Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

PC/ABS RESIN MARKET REPORT OVERVIEW

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The global PC/ABS resin market size was USD 4611 million in 2022 and is projected to touch USD 6677.32 million by 2031 with a CAGR of 4.2% during the review period.

A thermoplastic used in manufacturing called polycarbonate butadiene styrene (PC-ABS) is made by combining PC with ABS. The mass of the polycarbonate, the ratio of PC to ABS, and any thermoplastic additives in the blend all affect the characteristics of exclusive balance. The final part's heat resistance is strongly impacted by the PC to ABS ratio. Because of its mechanical qualities, PC-ABS plastic is one of the most often used engineering thermoplastics worldwide. High strength, high impact resistance, great stiffness, and high heat resistance—even at low temperatures—are all characteristics of this material. Due to its increased processability and flow properties, PC/ABS resin maintains its dimensional stability over time while also reducing workload. Designers have a lot of freedom when using PC-ABS because it is printable and colorable.

The automobile and electronics sectors are the ones that use polycarbonate/acrylonitrile butadiene styrene the most frequently. Glove boxes, overhead and center consoles, knee bolsters, and blow-molded seatbacks are all made of PC-ABS plastic. One of the most widely used engineering thermoplastics worldwide, PC-ABS plastic is frequently utilized in car interiors. PC-ABS is a very thermoplastic combination with good mechanical qualities that combines the most basic characteristics of polycarbonate and acrylonitrile butadiene styrene. It is capable of withstanding a variety of high-temperature applications and is durable and simple to manufacture with.

COVID-19 Impact: Global Shift to Remote Work Caused a Spike in Demand

The global COVID-19 pandemic has been unprecedented and staggering, with PC/ABS resin market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to the PC/ABS resin market growth and demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 outbreak had an impact on many areas, including travel restrictions, flight delays, and quarantines; restaurant closures; restrictions on all indoor and outdoor events; the declaration of states of emergency in more than 40 countries; stock exchange instability; a significant slowdown in the supply chain; declining business assurance; and rising public anxiety and uncertainty about the future. The effects on some industries, like hospitality and travel, were obvious. The PC/ABS resin industry, however, saw conflicting results.

However, the crisis also damaged a significant portion of the global electronics supply chain, which is primarily concentrated in China. On the other side, the widespread trend toward remote work is increasing demand for PC/ABS resin. Transportation had ceased as a result of the lockdown in many cities and nations. The PC/ABS resin market was one of thousands of chemical companies that temporarily folded or were about to go out of business.

LATEST TRENDS

"3D printing to Aid in the Growth of PC/ABS Resin "

Growing 3D printing, еѕресіаllу іn dеvеlореd соuntrіеѕ are ехресtеd tо аіd іn the growth of РС/АВЅ resin market. It іѕ соnѕіdеrеd thе mоѕt ѕuіtаblе mаtеrіаl fоr рrоtоtуріng аnd іѕ uѕеd  іn 3D рrіntеrѕ. Additionally, the іnсrеаѕіng dеmаnd fоr lіght wеіght vеhісlеѕ, аѕ wеll аѕ еlесtrіс vеhісlеѕ tо rеduсе роllutіоn асrоѕѕ thе glоbе, іѕ ехресtеd tо ѕuрроrt thе grоwth оf glоbаl РС/АВЅ mаrkеt. РС/АВЅ рlауѕ kеу rоlе іn thе rеduсtіоn оf wеіght оf thе vеhісlе tо іmрrоvе fuеl еffісіеnсу.

PC/ABS RESIN MARKET SEGMENTATION

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• By Type

Based on type; the market is divided into general grade, flame retardant grade and others.

In terms of product, general grade is the largest segment, with a share over 45%.

• By Application

Based on type; the market is divided into automotive, appliance, electronics, industrial parts, healthcare parts and others.

In terms of application, the largest application is automotive

DRIVING FACTORS

"Automotive Industry to Drive the Growth of PC/ABS Resin Market"

The end-user industries, such the automotive industry, are one of the main forces behind the expansion of the PC/ABS resin market. The market for ABS resins is being further driven by the expanding market, which would boost growth in important industries including appliances and electrical & electronics items. The market is advancing significantly thanks to a rise in demand for plastics and glass used in PPE manufacturing.

"Thеrmорlаѕtісѕ led to an Increase in Market Sales"

Thеrmорlаѕtісѕ аrе bесоmіng рорulаr оvеr соnvеntіоnаl mаtеrіаlѕ ѕuсh аѕ wооd, glаѕѕ duе tо ѕuреrіоr сhаrасtеrіѕtісѕ. Тhеѕе mаtеrіаlѕ ѕеrvе thе рurроѕе аnd аrе соѕt-еffесtіvе, lіghtеr іn wеіght аnd еаѕу tо hаndlе. Тhіѕ factor іѕ аntісіраtеd to drive the PC/ABS resin market forward.

RESTRAINING FACTORS

"Lack of sustainable products to Hamper Market Growth "

The creation of sustainable goods that can replace the use of ABS resins in all applications is the market's biggest issue. The most significant obstacle for this industry is the production of ABS resins, which emits solid waste and waste gases and is also toxic to humans. As a result, strict environmental rules are being developed to avoid these. High prices and a low melting point for PC/ABS are a couple of factors that could adversely affect the development of the PC/ABS resin market.

PC/ABS RESIN MARKET REGIONAL INSIGHTS

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"North America to Hold the Largest Market Share"

PC/ABS resin market share is dominated by North America. It is the largest market, with a share over 30%. The automotive have the biggest share within the market during this region. U.S. is the major marketplace for this sector as in North America that's the country who leads in automobile sector. It's expected to be growing stable during the forecast period, on account of the growing new emerging markets and growth in user industries.

KEY INDUSTRY PLAYERS

"Key Players to Work on Several Growth Strategies "

The report covers overall market aspects, including the market segmentation based on its type and application, major companies along with their strategic initiatives and market shares in PC/ABS resin market. The information is collected and testified with thorough research, acquisitions, technological developments, mergers, production lines, expanding and partnerships. Other aspects inspected for this market include companies producing and introducing new products, regions they conduct their operations in, technology adoption, automation, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• Teijin (Japan)
• Chimei (Taiwan)
• Sabic (Saudi Arabia) 
• Bayer (German)
• BASF (German)
• Styron (U.S.)
• Daicel (Japan)
• LG Chemical (South Korea)
• Mitsubishi (Japan)
• RTP (Singapore)

KEY INDUSTRY DEVELOPMENT

March 2018: A partnership between Dow and the Weert, Netherlands-based Fuenix Ecogy Group to supply pyrolysis oil feedstock made from recycled plastic waste and a partnership with UPM to incorporate a wood-based renewable naphtha into its raw material lineup to add another feedstock source for the production of plastics were both announced.

Report Coverage

The report provides an in-depth study on pc/abs market and offers extensive analysis by reviewing factors like overview of the company, competitive landscape, segmentation, and its driving factors additionally as its restraining factors. The report covers the key players of the industry product stipulations, production capacity/sales, profits, price and ratio, sales by product types, global and regional market analysis.

The report includes global & regional market position and outlook 2022-2028. Furthermore, it provides break down details about each region & countries covered within the report. Classifying its production, sales volume, consumption, import, export and revenue forecast. This report analysed the impact of COVID-19 from both global and regional perspectives.