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Market Research Report

India Acrylonitrile Butadiene Styrene (ABS) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030

Published by ChemAnalyst Product code 937392
Published Content info 55 Pages
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India Acrylonitrile Butadiene Styrene (ABS) Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030
Published: April 20, 2020 Content info: 55 Pages

The demand for Acrylonitrile Butadiene Styrene (ABS) grew at an impressive CAGR during 2015-2019 and is expected to achieve to a healthy CAGR of over 6.45% in the forecast period. Acrylonitrile-butadiene-styrene (ABS) is a copolymer plastic containing Styrene, Butadiene and Acrylonitrile supreme 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 auto braking system and various other parts owing to its high thermal insulation and superior strength. The demand for ABS after witnessing a huge increment due to the implementation of new vehicle legislation act in April 2019 has lingered consecutively after the outbreak of Coronavirus in India in the final quarter of FY 20. The indefinite lockdown implemented in the country has compelled its major end user industries like automotive and electronics to shut their production units in compliance to the preventive measures of Coronavirus. However, this downturn in demand for ABS and other polymers is anticipated to recover considerably by the end of FY 21 as the Indian market is keener to rely on domestic production after immense damage caused by the unavailability of material due to supply chain disruption. Government's initiative to promote the domestic production of consumer goods and feedstock in the coming years is expected to be a sliver lining for the manufacturers eyeing to widen their profit margins. In addition to this, extensive use of ABS in the production of inhalers and other medical equipment is likely to emerge as the potential segments to push India ABS market during the forecast period.

In India, ABS is being manufactured by Bhansali Engineering and Ineos Styrolution with a total capacity of around 360KTA. Since these are the only players operating in India ABS Market, they contribute to a market share of approximately 75 per cent 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, 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. However, considering the surge in consumption of ABS, INEOS Styroluton in 2017 proposed to double its existing capacity in the next five years.

As ABS is manufactured by co-polymerization of Acrylonitrile, Butadiene and Styrene. Supply of ABS in the Indian market is significantly dependent upon the production and availability of these three feedstocks. In India, consumption of ABS is perceived to vary with regions too. North and South regions in India account for major consumption of ABS due to the presence of large number of end-user industries and vivid distribution channel.

Years Considered for this Report:

Historical Years: 2015 - 2019

Base Year: 2020

Estimated Year: 2021

Forecast Period: 2022 - 2030

Objective of the Study:

  • The primary objective of the study was to evaluate and forecast ABS capacity, production, demand, and demand - supply gap in India.
  • To categorize ABS demand based on end use, region and sales channel.
  • To study trade dynamics and company share in India ABS market.
  • To identify major customers in India ABS market.
  • To evaluate and forecast ABS pricing by type in India ABS market.
  • To identify and profile major companies operating in India ABS market.
  • To identify trending news, deals and expansion plans in India ABS market.

As India accounts for sufficient capacity to produce ABS, majority of ABS demands are fulfilled by domestic production. To promote self-reliant India, government has initiated to impose taxes on the imports of ABS and Styrene over countries catering to the Indian demand. Some of the major players operating in India ABS market are Bhansali Engineering Polymers, INEOS Styrolution, LG Chemical, Saudi Basic Industries Corporation (SABIC) , Lotte Chemical Corporation, Toray Industries Incorporation, Chi Mei Corporation, Samsung SDI Chemical, Formosa Plastic Group, China National Petroleum Corporation, The Dow Chemical Company, JSR Corporation etc.

Prices of ABS are highly susceptible to the prices of its feedstocks Acrylonitrile, Butadiene and Styrene. As domestic demand for ABS is also catered through imports from other countries at a comparatively lower price, domestic manufacturers mark the prices in line with the international prices to prevent material injury. Sudden dive in demand for ABS in the final quarter of FY 20 has negatively influenced the overall prices for the product in the domestic market. Owing to high slump in demand as an outcome of Coronavirus uncertainties and slowdown of automotive industry, prices of ABS product were pushed down by over 10 per cent in the last fiscal year.

To extract data for India ABS market, primary research surveys were conducted with ABS manufacturers, suppliers, distributors, wholesalers and end users. 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 end user segments and projected a positive outlook for India ABS market over the coming years.

ChemAnalyst calculated ABS demand in India by analyzing the historical data and demand forecast was carried out considering the end use industries growth. ChemAnalyst sourced these values from industry experts and company representatives and externally validated through analyzing historical sales data of respective manufacturers 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:

  • ABS manufacturers and other stakeholders
  • Organizations, forums and alliances related to 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 ABS manufacturers, distributors and policy makers. The report also provides useful insights about which market segments should be targeted over the coming years to strategize investments and capitalize on growth opportunities.

Report Scope:

In this report, India ABS market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Market, by End Use- Electrical and Electronics, Automotive, Household and Construction, Cosmetic Packaging, Medical Equipment and Others

Market, by Distribution Channel- Direct/Institutional Sales, Retail Sales, Other Channel Sales

Market, by Region- North, West, East and South

Competitive Landscape

ChemAnalyst offers detailed analysis of major players including basic company details, Segmental/product information, financial matrices, growth strategies, expansion plans, collaborations, SWOT analysis give a comprehensive and meaningful insights on the respective product market.

Available Customizations:

With the given market data, ChemAnalyst offers customizations according to a company's specific needs.

Table of Contents

Table of Contents

1. Manufacturing Process & Technology Licensing Evaluation

2. India ABS Demand-Supply Gap Outlook, By Volume

  • 2.1. Capacity, By Company
  • 2.2. Capacity, By Location
  • 2.3. Production, By Company
  • 2.4. Operating Efficiency, By Company
  • 2.5. Country-Wise Import
  • 2.6. Country-Wise Export
  • 2.7. Demand-Supply Gap

3. India ABS Demand Outlook

  • 3.1. By End Use
  • 3.2. By Distribution Channel
  • 3.3. By Region / State
  • 3.4. By Company

4. Customer Analysis

  • 4.1. Procurement Volume
  • 4.2. Procurement Prices
  • 4.3. Existing Supplier
  • 4.4. Contact Details

5. Cost Structure

  • 5.1. Raw Material Cost
  • 5.2. Selling & Distribution Cost
  • 5.3. Fixed Cost
  • 5.4. Other Cost

6. Market Trends & Developments (Focus on emerging application and manufacturing technologies

7. Grade-Wise & Company-Wise Pricing Analysis (Monthly)

  • 7.1. Historical Prices (Domestic, CFR)
  • 7.2. Forecast

8. Competitive Landscape (Top 10 Companies in terms of revenue share)

  • 8.1. Company Profiles
    • 8.1.1. Key Financial Matrices
    • 8.1.2. Margin Analysis
    • 8.1.3. SWOT Analysis
    • 8.1.4. Key Market Focus and Geographical Presence
    • 8.1.5. Planned Investments
    • 8.1.6. Collaborations
    • 8.1.7. Technology Licensing
    • 8.1.8. Expansion Plan

9. Project Viability Analysis

10. Strategic Recommendations

11. About Us & Disclaimer

List of Figures

  • Figure 1: Company-Wise Capacity of India ABS Market, 2015-2030F (KT)
  • Figure 2: Location-Wise Capacity of India ABS Market, 2015-2030F (KT)
  • Figure 3: Company-Wise Production of India ABS Market, 2015-2030F (KT)
  • Figure 4: Company-Wise Operating Efficiency of India ABS Market, 2015-2030F (%)
  • Figure 5: India ABS Trade Surplus/Deficit, By Volume (KT), 2015-2020
  • Figure 6: India ABS Demand Market Share, By End Use, 2015-2030F (%)
  • Figure 7: India ABS Demand Market Share, By Distribution Channel, 2015-2030F (%)
  • Figure 8: India ABS Demand Market Share, By Region, 2015-2030F (%)
  • Figure 9: India ABS Demand Market Share, By Company, 2020 & 2021E (%)
  • Figure 10: India ABS Recent News / Deals

List of Tables

  • Table 1: India ABS Trade Dynamics, Country-Wise Import, 2015-2020

(Value in INR Million & Volume in KT)

  • Table 2: India ABS Trade Dynamics, Country-Wise Export, 2015-2020

(Value in INR Million & Volume in KT)

  • Table 3: Customer Analysis of India ABS Market, 2020
  • Table 4: Supplier Cost Structure Analysis of India ABS Market, 2019 & 2020
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