The India Acrylonitrile Butadiene Styrene (ABS) market has reached around 250 thousand tonnes in FY2022 and is expected to further grow at a CAGR of 6.37% during the forecast period until FY2035. In May 2022, Supreme Petrochem Ltd announced that the company and Vesralis have engaged into a license and basic engineering design agreement to produce bulk ABS, for primary use in automotive parts.
Acrylonitrile-butadiene-styrene (ABS) is a copolymer plastic containing Styrene, Butadiene, and Acrylonitrile. The production and availability of these three chemicals have a big impact on the ABS supply in the Indian market. The excellent properties of ABS make it a profound choice in the electrical and electronic sector for the jacketing of wires and manufacturing of appliances. ABS is a highly preferred material in the automotive industry for the auto-braking system and various other parts owing to its high thermal insulation and superior strength. The government’s initiative to promote the domestic production of consumer goods and feedstock in the coming years is expected to be a silver lining for the manufacturers eyeing to widen their profit margins. The India Acrylonitrile Butadiene Styrene (ABS) market is anticipated to reach 540 thousand tonnes by FY2035.
Based on the region, the Acrylonitrile Butadiene Styrene (ABS) market is segmented into West, South, North, and South. During the historic period of FY2015-FY2021, west India displayed a highest consumption, followed by South India. The Acrylonitrile Butadiene Styrene (ABS) market in the western region of India as a result of the rising demand for ABS in the electronic and electrical products which are mostly manufactured in states like Gujarat, Maharashtra, and Rajasthan. Furthermore, rising application of ABS in application various industries including automotive and construction sectors is anticipated to further push the demand in the forecast period.
In India, ABS is being manufactured by Bhansali Engineering and Ineos Styrolution with a total capacity of around 149KTA in FY2022. Since these are the only players operating in Indian ABS Market, they contribute to a market share of approximately 75 percent in satisfying the overall demand. The rest of the demand is met through cheaper imports from China and South Korea. Although the market prompts incredible opportunities for growth after the government’s initiative of self-reliant India, the entry of new players in the Indian market is still a tough deal as there are certain complexities and high capital investment involved in the manufacturing of ABS.
Based on end-use segment, the India Acrylonitrile Butadiene Styrene (ABS) market is segmented into Home Appliances, Electrical & Electronics, Automotive, Building & Construction, and Others. Among these, Home Appliances are the leading segment and held a share of roughly 35% in FY2022. This segment is estimated to dominate the ABS market in the forecast period.
Domestic players in the ABS market include Bhansali Engineering and Ineos Styrolution. Other global players in the ABS market include LG Chem, CHIMEI Corporation, Formosa Chemicals and Fiber Corporation, LOTTE Chemical Corporation, Jilin Petrochemical Company, Toray Industries, Tianjin Dagu Chemical Co., Ltd., and Jihua (Jieyang) ABS.
Years considered for this report:
Historical Period: FY2015-FY2022
Base Year: FY2022
Estimated Year: FY2023
Forecast Period: FY2024- FY2035
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Objective of the Study:
• To assess the demand-supply scenario of Acrylonitrile Butadiene Styrene (ABS) which covers production, demand and supply of Acrylonitrile Butadiene Styrene (ABS) market in India.
• To analyse and forecast the market size of Acrylonitrile Butadiene Styrene (ABS) in India.
• To classify and forecast India Acrylonitrile Butadiene Styrene (ABS) market based on end-use and regional distribution.
• To examine competitive developments such as expansions, green field projects/ brown field expansions. mergers & acquisitions, etc., of Acrylonitrile Butadiene Styrene (ABS) market in India.
To extract data for India Acrylonitrile Butadiene Styrene (ABS) market, primary research surveys were conducted with Acrylonitrile Butadiene Styrene (ABS) manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for India Acrylonitrile Butadiene Styrene (ABS) market over the coming years.
ChemAnalyst calculated Acrylonitrile Butadiene Styrene (ABS) demand in India by analyzing the historical data and demand forecast which was carried out considering the imports and domestic production coupled with demand from end user industry. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data / import data of Acrylonitrile Butadiene Styrene (ABS) to arrive at the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Acrylonitrile Butadiene Styrene (ABS) manufacturers and other stakeholders
• Organizations, forums and alliances related to Acrylonitrile Butadiene Styrene (ABS) distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Acrylonitrile Butadiene Styrene (ABS) manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, India Acrylonitrile Butadiene Styrene (ABS) market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in FY2022
250 thousand tonnes
Market size Volume by FY2035
540 thousand tonnes
Growth Rate
CAGR of 6.37% from FY2023 to FY2035
Base year for estimation
FY2023
Historic Data
FY2015 – FY2022
Forecast period
FY2024 – FY2035
Quantitative units
Demand in thousand tonnes and CAGR from FY2023 to FY2035
Report coverage
Industry Market Size, Capacity By Company, Capacity by Location, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Foreign Trade
Segments covered
By End-Use: (Home Appliances, Electrical & Electronics, Automotive, Building & Construction, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
Northern India, Southern India, Eastern India, Western India
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Market Data & Insights
Table of Content
1. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Acrylonitrile Butadiene Styrene (ABS).
2. Capacity By Location
To better understand the regional supply of Acrylonitrile Butadiene Styrene (ABS) by analyzing its manufacturers' location-based capacity.
3. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
4. Production By Company [Quarterly Update]
Study the historical annual production of Acrylonitrile Butadiene Styrene (ABS) by the leading players and forecast how it will grow in the coming years.
5. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Home Appliances, Electrical & Electronics, Automotive, Building & Construction, and Others) are creating a market and the forecast for the growth of the Acrylonitrile Butadiene Styrene (ABS) market.
6. Demand by Region
Analyzing the change in demand of Acrylonitrile Butadiene Styrene (ABS) in different regions across India, i.e., Northern India, Southern India, Eastern India, Western India, that can direct you in mapping the regional demand.
7. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Acrylonitrile Butadiene Styrene (ABS). Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
8. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Acrylonitrile Butadiene Styrene (ABS).
9. Company Share
Figure out what proportion of the market share of Acrylonitrile Butadiene Styrene (ABS) is currently held by leading players across India.
10. Country-wise Export
Get details about quantity of Acrylonitrile Butadiene Styrene (ABS) exported by major countries.
11. Country-wise Import
Get details about quantity of Acrylonitrile Butadiene Styrene (ABS) imported by major countries.
12. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of India Acrylonitrile Butadiene Styrene (ABS) market in terms of value and volume.
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What is the India market size of Acrylonitrile Butadiene Styrene (ABS) in terms of volume for FY2022?
Ans:
The India market size of Acrylonitrile Butadiene Styrene (ABS) is approximately 250 thousand tonnes by FY2022.
Q2.
Which industry of India had the highest demand for Acrylonitrile Butadiene Styrene (ABS) in FY2022?
Ans:
The Home Appliances industry consumed the majority of Acrylonitrile Butadiene Styrene (ABS) in FY2022 with a market share of approximately 35%.
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