MarketResearch.biz announces publication of its most recently generated research report titled, “Global PC/ABS Market by Product Type (General Grade, Flame Retardant Grade & Other Grades), By End User (Automotive, Appliances, Electronics, Industrial, Healthcare & Other Applications), and Region – Global Forecast to 2028.”, which offers a holistic view of the global PC/ABS market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2019–2023) is projected to be over US$ 20.5 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.
PC/ABS stands for polycarbonate/acrylonitrile butadiene styrene. PC/ABS is a widely used thermoplastic. ABS has low production costs and is usually used in injection molding applications, which is considered suitable for 3D printing. Polycarbonate has high impact strength and is therefore very durable. Polycarbonate and acrylonitrile-butadiene-styrene are blended to get the benefits of both materials. Polycarbonate has a high impact strength and heat resistance, while ABS is cheap and soft. PC/ABS usually has multiple grades, such as standard grade, flame retardant grade, glass fiber reinforced grade, suitable for various applications, such as automotive, electronics, telecommunications applications, medical equipment, pharmaceutical applications, etc. PC/ ABS is also used for conceptual modeling, functional prototypes, etc.
Global PC/ABS Market: Market Dynamics
The rapid growth of 3D printing, especially in developed countries, is expected to contribute to the market’s growth as PC/ABS is considered a material very suitable for prototyping and is one of the most widely used materials in 3D printers. The demand for light vehicles and electric vehicles is increasing, owing to reduce pollution. Thus, the need for PC/ABS continues to grow due to its properties, such as improving fuel efficiency and reducing the weight of vehicles. Thermoplastics are more popular with conventional materials such as wood and glass due to their superior characteristics. These materials serve their purpose and are cost-effective, lighter, and easier to handle. Such factors have a positive impact on the global PC/ABS market over the forecast period.
PC/ABS has a low working temperature, which means it is easy to melt. Due to this feature, it cannot be used in applications where high temperatures occur, which is a factor that may hinder the market growth of PC/ABS.
It has high durability even at low temperatures, excellent aesthetics and strength, making it a good substitute, which is a factor expected to create lucrative growth opportunities in several industrial applications.
Global PC/ABS Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global PC/ABS market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global PC/ABS market is estimated to expand at a moderate CAGR of 2.0% during the forecast period.
Global PC/ABS Market: Segmental Snapshot
The market report has been segmented on the basis of product type, end-user, and region. The product type segment includes general grade, flame retardant grade, and other grades. The application segment includes automotive, appliances, electronics, industrial, healthcare, and other applications. The region covered in the analysis are North America, Europe, Asia Pacific, South America, and Middle East & Africa.
By product type: flame retardant grade segment is expected to register a CAGR of over 2.1%, thereby accounting for highest revenue share among the product type segments.
By end-user: The automotive segment is expected to register a CAGR of over 2.4% over the forecast period, thereby accounting for highest revenue share among the end-user segments.
By region: The market in North America accounted for highest revenue share in the global PC/ABS market in 2020, and is estimated to register a CAGR of over 1.3% between 2019 and 2028.
Global PC/ABS Market: Competitive Analysis
The research report on the global PC/ABS market includes profiles of major companies such as Saudi Basic Industries Corporation, Covestro AG, Teijin Limited, Trinseo S.A, Mitsubishi Engineering-Plastics Corporation, Samsung SDI Co. (Lotte Advanced Materials Co., Ltd), Chi Mei Corporation, LG Chem, Ltd, Daicel Corporation, Celanese Corporation, RTP Company, Inc, Formosa Chemicals & Fibre Corporation, Shanghai Kumho Sunny Plastics Co., Ltd, PolyOne Corporation, Polymer Compounder Ltd, and Kingfa Science & Technology (India) Limited.
The Global PC/ABS Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2019–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global PC/ABS Market for 2019–2028.
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