Global ABS raw material consumption analysis
Global ABS raw material consumption analysis
Because the ABS plastic has high design flexibility, light weight, low cost, high corrosion resistance, high temperature resistant, flame retardant, beautiful appearance and excellent mechanical properties, increased urbanization and home appliance consumption is one of the main factors of the ABS market surge in demand, the future of the world's home appliance industry expansion will create favorable conditions for the growth of the ABS market.
In 2016, the amount of ABS used in global vehicles accounted for over 30%. Predicts 2025, the global automotive ABS market annual compound growth rate of 4%, increase of 2.1 million tons, is widely used in auto parts, including car body, dashboards, bumpers, car body covering parts, steering wheel and tire, etc. The trend of reducing vehicle weight to improve fuel efficiency is the main driver of the wide adoption of ABS. In addition, the increase of auto production will further promote the growth of ABS market.
In 2016, the proportion of global household appliance ABS was above 30%, which was the dominant position. Because the ABS plastic has high design flexibility, light weight, low cost, high corrosion resistance, high temperature resistant, flame retardant, beautiful appearance and excellent mechanical properties, increased urbanization and home appliance consumption is one of the main factors of the ABS market surge in demand, the future of the world's home appliance industry expansion will create favorable conditions for the growth of the ABS market.
By 2025, the annual composite growth rate of the ABS market will exceed 3.5%. Market spending will increase to 38 billion yuan, with annual compound growth of 6.0%, and consumers' improving lifestyles and increasing purchasing power are the main drivers of growth in the sector. The growing demand for high temperature and corrosion resistant materials, such as computers, computer accessories, commercial machines and electronic equipment, will help increase the demand for ABS. Better electrical insulation performance is a significant characteristic of improving ABS 'share of electrical and electronic fields. It also provides a high hardness and gloss surface and is widely used in various appliances including TV, printing and computer.
In 2016, the amount of ABS used in global vehicles accounted for over 30%. Predicts 2025, the global automotive ABS market annual compound growth rate of 4%, increase of 2.1 million tons, is widely used in auto parts, including car body, dashboards, bumpers, car body covering parts, steering wheel and tire, etc. The trend of reducing vehicle weight to improve fuel efficiency is the main driver of the wide adoption of ABS. In addition, the increase of auto production will further promote the growth of ABS market.
