Indian Acrylonitrile Butadiene Styrene (ABS) Market 2015-2030 - Demand Has Dropped Significantly as the COVID-19 Lockdown Has Compelled Major End-user Industries to Shut Their Production Units - ResearchAndMarkets.com

DUBLIN--()--The "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" report has been added to ResearchAndMarkets.com's offering.

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.

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 (COVID-19) 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 the 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 silver 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 the Indian 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 the 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, 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 Styrolution 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

  • 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 the Indian ABS market.
  • To evaluate and forecast ABS pricing by type in the Indian ABS market.
  • To identify and profile major companies operating in the Indian ABS market.
  • To identify trending news, deals and expansion plans in the Indian ABS market.

As India accounts for sufficient capacity to produce ABS, majority of the demand for ANS 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 the Indian 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 the 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 the 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 the demand as an outcome of Coronavirus uncertainties and slowdown of the automotive industry, prices of ABS product were pushed down by over 10 per cent in the last fiscal year.

Key Topics Covered

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

Companies Profiled

  • 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

For more information about this report visit https://www.researchandmarkets.com/r/3bjc8z

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Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900