ABS - Procurement Best Practices & Sourcing Strategies

Procurement Market Intelligence Report

ABS – Procurement Best Practices & Sourcing Strategies

ABS Market – Executive Summary, Market Analysis, Industry Analysis, Market Monitoring Insights, Purchasing Process and Multiple Supplier Sourcing, Sustainability Initiatives and Best Practices, Impact of COVID-19, Supplier Section & Industry Best Practices, Supplier Analysis, Industry Best Practices

1. Executive Summary
1.1. Global Market Outlook
1.2. Supply Market Outlook
1.3. Demand Market Outlook
1.4. Industry Best Practice
1.5. ELINT’s Recommendations for an Ideal Category Strategy
1.6. Category Opportunities & Risks
1.7. Impact of COVID
2. Market Analysis
2.1. Global Market Size: ABS
2.2. Global Capacity–Demand Analysis
2.3. Global Demand by Application
2.4. Global Market Outlook
2.5. Global Trade Dynamics
2.5.1. Global Imports
2.5.2. Global Exports
2.6. Regional Market Outlook
(US, Europe, and Asia)
2.6.1. Supply–Demand Trends and Outlook
2.6.2. Trade Dynamics
3. Industry Analysis
3.1. Industry Outlook (US, Europe, and APAC)
3.1.1. Porter’s Five Forces Analysis
3.1.2. Industry Drivers and Constraints
3.1.3. Industry Updates
3.1.4. Innovations
4. Market Monitoring Insights
4.1. Market Monitoring Insights (US, Europe, and APAC)
4.1.1. Cost Structure Analysis
4.1.2. Price Forecast: ABS
5. Purchasing Process and Multiple Supplier Sourcing
5.1. Purchasing Process: RFP/RFI Questionnaire
5.2. Multiple Supplier Sourcing: Supply Risk Mitigation
6. Sustainability Initiatives and Best Practices
6.1. Sustainability Initiatives
6.2. Sustainability Best Practices
7. Impact of COVID-19, Supplier Section & Industry Best Practices
7.1. Market Monitoring Insights (US, Europe, and APAC)
7.1.1. Cost Structure Analysis
7.1.2. Price Forecast: ABS
8. Supplier Analysis
8.1. Global Supplier List and Capabilities
8.2. Regional Supplier List and Capabilities
8.3. Key Global Supplier Profiles
9. Industry Best Practices
9.1. Contract Structure for ABS

According to ELINT Market Research, what is the CAGR projected for the ABS market from 2023 to 2026?

ELINT Market Research estimates the demand for ABS will expand at a CAGR of 4.2 % from 2023 to 2026 and anticipates providing lucrative growth opportunities.

What are the driving factors behind the positive trajectory of the ABS market?

Significant factors include the trend toward smaller and smaller electronic components and a growing public safety awareness across industries. The market is keeping up with the soaring demands of different sectors and, perhaps more importantly, electronic applications. 

Which region will likely dominate the Acrylonitrile Butadiene Styrene (ABS) Market through 2026, and what factors contribute to its powerhouse status?

Through 2026, led by China, the Asia Pacific region will continue to rule supreme. As a result of increased cash flow and large-scale government investments in infrastructure projects, China’s construction industry has grown by leaps and bounds. Naturally, this also helps make China the powerhouse it is today.


Acrylonitrile Butadiene Styrene (ABS) Market  

In 2023, the Acrylonitrile Butadiene Styrene (ABS) market is undergoing several transitions with global requirements, capacity, and price. The global ABS market can produce 13.41 MMT per year and almost manages the requirement of 10.74 MMT, indicating vibrant market dynamics. ELINT Market Research forecasts a 4.2% CAGR demand on a global scale from 2023 to 2026.

North America contributes 7% to the supply side of the ABS market, the EU 8%, while Asia represents the lion’s share of 85%. This distribution highlights Asia as one of the primary players in the ABS market.


Market Definition

ABS is an abbreviation of Acrylonitrile Butadiene Styrene, usable as one of the strongest and stiffest materials with high-impact resistance. ABS consists of acrylonitrile, butadiene, and styrene monomers, which makes it highly flexible with many applications. ABS has good heat resistance and chemical reaction properties and has superior characteristics such as tensile strength.


Acrylonitrile Butadiene Styrene (ABS) Market Drivers:

Growing Demand in the Automotive Industry:

A crucial driver of the ABS market is the automotive sector. It has vital impact resistance and strength that makes it suitable for the production of such items as bumpers, dashboards, and in-door trimmings. Accordingly, with the world’s automotive industry market growth, the demand rate for ABS will increase to the same proportions.


Increasing Consumer Electronics Production:

The increasing use of electronics such as laptops and phones has caused ABS to be among the materials usable for laptop case production. In addition, the global need for ABS is owing greatly to the increasing consumer electronics manufacture.


Construction Sector Applications:

ABS is extensively workable for plumbing and pipe fittings in the construction sector. It also resists chemicals, as well as heat, which is what makes it popular in such areas. In addition, there is an additional growth in the production and consumption of ABS in such economies as it results from a burst of growth in developing and new economies.


Acrylonitrile Butadiene Styrene (ABS) Market Challenges:

Fluctuating Raw Material Prices:

Among the raw materials used in ABS production are acrylonitrile, butadiene, and styrene, influenced by sudden price changes. Raw materials are very volatile and affect the cost structure producers can utilize for manufacturing purposes and the prices they charge for their products.


Environmental Concerns:

Although ABS is very beneficial in many ways, there exists concern for the environment at the time of creation or its disposal. In addition, the adaptability of ABS to eco-friendly practices in the sustainability age.


Acrylonitrile Butadiene Styrene (ABS) Market Opportunities:

Innovations in Product Development:

Opportunities for product innovations exist in continuous R&D efforts in the ABS industry. It makes it possible for manufacturers to try out new formulations and blended material properties that open opportunities for application in several industrial areas.


Rising Demand in 3D Printing:

The rise in the adoption of 3D printing technologies presents an opportunity for the ABS market. One factor pushing forward this dynamic segment is the compatibility of ABS with 3D printing processes to create prototypes and end-use parts.


Acrylonitrile Butadiene Styrene (ABS) Market Trends:

Innovations in ABS Composites:

Improved products result from continuous innovations in the manufacture of ABS composites. These innovations serve particular needs such as increased strength, enhanced heat resistance, and fire-resistant properties. This advancement of high-performance ABS composite will provide room for use in other fields, such as the auto industry, electronics, and construction sectors.


Rising Demand in Automotive Applications:

ABS is a crucial material in the automotive industry, experiencing an increasing need for light and robust products. ABS is becoming more popular among manufacturers producing car parts from the impact resistance point of view and moldability. The trend is rising as most car makers focus on improving fuel potential and environmental sustainability.


Acrylonitrile Butadiene Styrene (ABS) Market Segmentation:

The ABS market can be segmented based on various factors such as application, end-use industry, and geography.


Application: The extensive research classifies the global market based on application into Automotive Components, Appliances, Consumer Electronics, Construction, Infrastructure, and Packaging.


By End-Use Industry: The research study divides the market as per the end-use industry into Automotive, Construction, Consumer Goods, Electronics, and Others.


By Geography: As per regional outlook, the market is spread across North America, Latin America, Europe, Asia-Pacific, and the Middle East and Africa.


Price Outlook (Q1 2023 vs. Q4 2022):

Interesting price trends in the first quarter of 2023 from region to region. The US and European Union are down by 12% and 16%, respectively. There is a rise of only 2% for Asia. The resulting volatility has significant effects on stakeholders and thus should prompt an evaluation of local market dynamics.


Impact Cost Components – Raw Material Focus:

Analysis of raw material components shows differentiated features by region. Materials account for 82% of costs in North America, the European Union is not far behind with 80%, while Asia tops it off with a stunning 86%. It further shows the importance of raw materials and their impact on local costs, which dictate industry dynamics.


Supply Chain Dynamics: Supplier and Buyer Power:

Competitive forces are a combination of supplier-buyer relationships that shape the industry’s environment. Supplier power is also high in North America and the EU, showing suppliers are less in number for the regions. However, Asia portrays a low supplier power, which indicates a distributed supplier network. The low power of North America, the medium status of the EU, and the high power of Asia diversify the buyer power. Such dynamics showcase unequal bargaining power and mightiness across varying market segments.


Contract Structure and Pricing Models:

Practices within the industry point to quarterly/monthly agreements from resin to the converter and 2–3-year contracts from the converter to the final user. It implies an equilibrium of short-term adaptiveness and long-term sustainability. The pricing models comprise fixed margin & index-based pricing, a mix of predictable strategy and reactivity toward changing market circumstances.


Acrylonitrile Butadiene Styrene (ABS) Market Suppliers

The global Acrylonitrile Butadiene Styrene (ABS) market has a presence of both well-established supplier companies and new market entrants. Among the leading players are A. Schulman and Network Polymers are both integral parts of LyondellBasell. In addition, Elix Polymers, Versalis, and Nizhnekamskneftekhim PJSC (NKNK) play significant roles in the ABS market.

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