Middle East & Africa Acrylonitrile-Butadiene-Styrene (ABS) Resin Market - Segmented by Grade Type, End-user Industry, and Geography - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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The Middle East & Africa acrylonitrile-butadiene-styrene (ABS) resin market is projected to record a decent rate compared to the global market. The market is expected to register a CAGR of around 3% during 2018 to 2023 (the forecast period). Middle East & Africa accounted for around 3% of the global market share in 2017. ABS (Acrylonitrile-Butadiene-Styrene) is an opaque thermoplastic polymer, which is made from the monomers Acrylonitrile, 1,3-Butadiene, and Styrene. Due to properties, such as easy processing and exhibiting superior dimensional stability, excellent surface quality, and good resistance to chemicals and impact, ABS is widely used in different end-user industries. Furthermore, ABS is also known for its strength and durability.

Increasing Demand from the Automotive Industry

ABS is a high-performance thermoplastic, whose application in the automotive industry is rapidly increasing. ABS serves the automotive industry in a myriad of applications, some of which include manufacturing of high-quality automotive instrument panels, dashboard components, door liners and handles, seat backs, and seat belt components, among others. ABS is one such plastic, which is not only cheaper than metals but also helps in making automobiles more energy efficient, by reducing weight and by providing durability, corrosion resistance, toughness, design flexibility, resilience, and high performance at a low cost. Automotive production in the region is increasing rapidly, mainly in African countries. However, the sales have declined in the recent past, as most economies are oil-dependent. But with the recovering oil prices, the sales are expected to increase in the near future.

Electrical & Electronics – the Largest Consumer of ABS

ABS has multiple advantageous properties, such as enhanced flame resistance, structural strength and flexibility of several different formulations to provide impact resistance and toughness, and resistance to many corrosive media, such as water, salts, food acids, inorganic acids, and alkali. Hence, it is the material of choice in most electrical insulation applications. Ongoing structural renovation in material formulations and the advent of efficient recyclable methods, spurred by the current and potential growth in technology, are expected to positively influence the supply and demand scenario of ABS plastics. Consumption of ABS is fueled by the burgeoning demand for consumer electronic devices, especially smart phones. Growing population and the rise in the regional GDP are the major drivers of the demand.

South Africa to Dominate the Market

The South African economy has been in crisis since 2016, with depreciation in its currency value and high unemployment rate that has caused the shrinkage of the economic growth. The government is planning to have a one-stop-shop program that will improve new businesses. The government also plans to take on new initiatives for promoting investments and building consumer confidence. The electronics market in South Africa slowed down, due to lack of government support and unfair import duties on many electro-mechanical components and switches. It is expected to have a bright future, with investments boosting and growing consumer demand. The country’s ABS market is expected to grow moderately during the forecast period.

Major Players: Sabic, Ineos Styrolution Group GmbH, Trinseo, and Chei Mei Corporation, among others.

Reasons to Purchase this Report

  • Examine the impact of the growing adoption of acrylonitrile-butadiene-styrene (ABS) on the market
  • Analyze the various perspectives of the market with the help of Porter’s five forces analysis
  • The grade type and end-user industry that are expected to dominate the market
  • The country expected to witness the fastest growth rate during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet in excel

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1. Introduction

             1.1 Research Phases

             1.2 Study Deliverables

             1.3 Scope of the Report

2. Executive Summary

3. Market Insights

             3.1 Industry Value Chain Analysis

             3.2 Industry Attractiveness - Porter’s Five Forces Analysis

                            3.2.1 Bargaining Power of Suppliers

                            3.2.2 Bargaining Power of Consumers

                            3.2.3 Threat of New Entrants

                            3.2.4 Threat of Substitute Products and Services

                            3.2.5 Degree of Competition

             3.3 Raw Material Analysis

4. Market Dynamics

             4.1 Drivers

                            4.1.1 Growth in End Use Industries

                            4.1.2 Increase in Disposable Income

                            4.1.3 Emerging markets

             4.2 Restraints

                            4.2.1 Substitutes to ABS

4.2.2 Stringent Environmental regulations

             4.3 Opportunities

                            4.3.1 Innovative applications and products

5. Market Segmentation and Analysis

             5.1 By End-user Industry

                            5.1.1 Automobile

                            5.1.2 Construction

                            5.1.3 Appliances

                            5.1.4 Electricals & Electronics

                            5.1.5 Others

             5.2 By Grade Type

                            5.2.1 High Gloss

                            5.2.2 Low Gloss

                            5.2.3 Low Flow

                            5.2.4 High Flow

                            5.2.5 Plateable

6. Regional Market Analysis (Market size, growth and forecast)

             6.1 Saudi Arabia

             6.2 Qatar

             6.3 UAE

             6.4 Kuwait

             6.5 South Africa

             6.6 Rest of MEA

7. Competitive Landscape

             7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements

             7.2 Market Share Analysis**

             7.3 Strategies Adopted by Leading Players

8. Company Profiles

             8.1 Ashland Inc

             8.2 BASF SE

             8.3 Covestro

             8.4 Chemtura Corporation

             8.5 LG Chemicals

             8.6 SABIC

             8.7 Grand Pacific Petrochemical Corporation

             8.8 Styrolution Group

             8.9 DowDuPont

             8.10 Nova Chemicals Corporation

             8.11 CCP Composites

             8.12 Styron

             8.13 Teijin

             *List Not Exhaustive

9. Disclaimer

**Subject to Availability on Public Domain

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