According to ChemAnalyst report, “India Acrylonitrile Butadiene Styrene (ABS) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2035”, The India Acrylonitrile Butadiene Styrene (ABS) Market is likely to reach around 540 thousand tonnes by FY2035, at a CAGR of 6.37% during the forecasted period. The end-use industries like Home Appliances, Electrical & Electronics, Automotive, Building & Construction, and Others are anticipated to enhance the India Acrylonitrile Butadiene Styrene (ABS) Market in the upcoming times.
Acrylonitrile-butadiene-styrene (ABS) is a copolymer synthesized using 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.

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The excellent mechanical properties and durability of Acrylonitrile Butadiene Styrene drives its applications in various industries. The production of household goods, automobile components, and electronic is what is increasing demand for Acrylonitrile Butadiene Styrene in India. ABS is used in the automobile industry to make parts such as dashboards, knobs, door liners, seat back components, and column trim. ABS works as an alternative to metals, thus reducing the weight of the overall vehicle and used as an engineering plastic in light-weight vehicles. The home appliances industry also adds to the demand for ABS, which is predicted to increase in response to rising urbanisation throughout the forecast period.

The India Acrylonitrile Butadiene Styrene (ABS) Market is segmented based on end-use, sales channel, and region. 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. It is anticipated that during the projected period, this sector will dominate the ABS market owing to the rising dispensable incomes and modernization among population in India.

Indian Acrylonitrile Butadiene Styrene (ABS) market is segregated into four regions based on regional consumption: West, South, North, and South. West India showcased increased consumption between FY2015- FY2020 and is expected to be the largest consumer even in FY2023. To meet the growing domestic demands of Acrylonitrile Butadiene Styrene (ABS), 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 application in automotive parts. At their Amdoshi plant, Supreme Petrochem Ltd is establishing a 140K MTPA Mass ABS Project in two phases, each about 70K TA.

Read Full Report Here: https://www.chemanalyst.com/industry-report/india-acrylonitrile-butadiene-styrene-abs-market-72

“India Acrylonitrile Butadiene Styrene (ABS) Market Analysis: Plant Capacity, Production, Operating Efficiency, Demand & Supply, End-User Industries, Sales Channel, Regional Demand, Company Share, Foreign Trade, FY2015-FY2035” Bhansali Engineering and Ineos Styrolution are the only producer of Acrylonitrile Butadiene Styrene (ABS) in India.

“The rapidly increasing demand of Acrylonitrile Butadiene Styrene (ABS) to manufacture automobile parts, electronics, household goods coupld with growing economy is expected to boost the India Acrylonitrile Butadiene Styrene (ABS) Market in the forecast period until FY2035. As of FY2022, West India displayed the highest consumption among all the other regions. Due to the rising demand for ABS in the electronic and electrical products which are mostly manufactured in states like Gujarat, Maharashtra, and Rajasthan, it is anticipated that western India and is expected to be the largest consumer even in FY2023. “Said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm promoting ChemAnalyst worldwide.

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