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Pricing Overview

Polymer & Resin | Acrylonitrile Butadiene Styrene (ABS) Pricing Overview

Market Overview

Quarterly Update on Global Acrylonitrile Butadiene Styrene (ABS) Market
 
For the Quarter Ending September 2020
 
Asia
 
ABS market in Asia is strongly driven by the automotive sector, but the market got a strong support from the manufacturers of appliances, toys and air-conditioners despite a major blow to the automobiles sales in third quarter. Chinese ABS producers reported healthy margins and their operating rates never fell below 85% throughout Q3. The demand is likely to stay robust till the year end as September to December is said to be the peak season for the ABS market, however, tighter supply might continue to affect the procurement cycle.
 
 North America
 
ABS demand bolstered during Q3FY20 with prices turning firmer starting the second week of August.  Increased buying of household appliances and air-conditioning units during the pandemic as many stayed at home quarantine and adopted the work from home culture, strengthened the market sentiments. After a major fallout from the economic slowdown, the demand from the US automotive sector started pushing up towards the end of the quarter, projecting a V-shaped recovery in the sectoral growth. The US August acrylonitrile-butadiene-styrene (ABS) prices faced upward pressure in August amid tightening global supply. The engineered plastic is widely used for making toys and hence players are expecting surge in demand ahead of the Christmas holidays.
 
Europe
 
The European ABS producers announced a fresh round of price increase in Q3 stating that the demand for the material significantly exceeded the regional supply. Demand across the non-automotive sectors such as electronic appliances, furniture, toys etc. showed signs of recovery earlier than automotive, thereby driving the Q3 results for most of the ABS producers. Bouncing back from the economic disruptions due to COVID-19 pandemic, the appliances demand in Europe grew higher in September, driven by end-consumers investing more into home renovations.

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Services

Market Analysis
 
Company-wise installed capacity, production volume and plant operating efficiency is captured directly from manufacturers. Import and Export volume is captured from government sources and demand for Acrylonitrile is calculated considering the production, import, export and inventory-levels on the country and regional level markets.
 
Pricing Analysis
 
Acrylonitrile Butadiene Styrene (ABS) price is correlated with the price trend of crude oil, demand-supply gap, feedstock Acrylonitrile, Butadiene and Styrene with movement across the downstream industries etc.
 
Company Profile     
        
Basic details and information on financial performance of leading global players in the Acrylonitrile Butadiene Styrene (ABS) market is presented in a visually captivating manner. Expansion plans and the company’s strategy is also captured to understand the vision and mission of the company to help understand the areas where companies need to focus more.
 
News & Deals
 
Daily updates on industry-specific and product-specific news, exclusive primary-based news capturing plant shutdowns/outages/closures, capacity expansions, operating rates, insights on demand-supply situation, awarding of technology licenses, new product launch and deals specifying mergers and acquisitions, strategic investments and disinvestments, to help players capitalize on market opportunity.

Methodology

ChemAnalyst gathers information through primary research surveys conducted with various Acrylonitrile Butadiene Styrene (ABS) manufacturers, spread across the domestic and international market, suppliers and dealers/distributors to gain insights into value-chains and demand-supply scenario to assess the market situation. Thorough study of company’s annual reports and secondary sources such as exhaustive search on credible paid databases, including our internal database is done to verify the information. All the collected information is analyzed, evaluated and presented in chronological order to depict a meaningful and clear picture of the concerned market.
 
Our dedicated team of industry experts comprehensively monitors and analyzes various aspects of the Acrylonitrile Butadiene Styrene (ABS) market. The team analyzes various industrial segments, strategic viewpoints and provides an analysis of the industry’s performance in the long run. This would enable our clients in efficiently plan their future investments, mitigate risk, understand the cost dynamics and strike out a balance amidst market volatility.
 
Critical examination of the impact of COVID-19 pandemic on the global supply chains and shift in demand patterns with change in buying behavior of consumers across the globe.
 
Several ongoing development projects across industries are tracked, followed by the details of major projects in the development stage, which can positively or negatively influence Global Acrylonitrile Butadiene Styrene (ABS) market.
Pricing is captured through exhaustive primary interviews with domestic and international manufacturers, traders and importers and customers on weekly, monthly and yearly basis.
 
Finally, region-specific markets for Acrylonitrile Butadiene Styrene (ABS) are analyzed and region-wise demand pattern is tracked.

About

Acrylonitrile Butadiene Styrene (ABS) is an opaque engineering thermoplastic formed by the copolymerization of Acrylonitrile, Butadiene, and Styrene typically used for injection molding applications. Usually, it is composed of half the amount of Styrene with the remaining balance divided between Acrylonitrile and Butadiene. ABS possesses low production cost, excellent toughness, temperature stability and solvent resistance properties superior to those of other engineering polymers such as high impact polystyrene. The three monomers involved in the formation of Acrylonitrile Butadiene Styrene play different roles in the performance of material-while Acrylonitrile provides chemical and thermal stability to the polymer, Butadiene enhances its toughness and strength and Styrene imparts a nice and glossy finish. ABS finds applications across various consumer products such as housing appliances (refrigerator, washing machine etc.), luggage, camera bodies, battery cases, packing crates, radio, various furniture parts, protective headgear and musical instruments etc. ABS/PC i.e. Acrylonitrile Butadiene Styrene/Polycarbonate blend is a thermoplastic alloy widely used in commercial and industrial applications such as automotive, electronics, telecommunication, etc. where hard yet lightweight and easily processed materials are required.