The polymer industry is moving full steam ahead in 2023.
ABS plastic is one of the most versatile thermoplastic materials available and continues to push the polymer industry forward, even now, 70 years after being introduced into the market.
In this ABS polymer growth statistic roundup, you’ll learn:
- >ABS Polymer Growth Statistics 2023
- >Injection moulded plastics market projections
- >What is ABS in polymer?
- >Why is ABS a good plastic?
- >Is ABS plastic good quality?
- >Is ABS better than plastic?
ABS Polymer Growth Statistics 2023
- >Global ABS demand is expected to reach 20.6 million tons by 2023, growing at a CAGR (Compound annual growth rate) of 4.5% from 2018 to 2023.
- >Asia Pacific is the largest market for ABS, accounting for over 50% of the global demand in 2018.
- >The automotive industry is one of the largest end-use industries for ABS, driven by the increasing demand for lightweight and fuel-efficient vehicles.
- >The electrical and electronics industry is also a significant end-user of ABS, driven by consumer electronics and appliance demand.
- >The demand for ABS in the construction industry is expected to grow due to its use in various applications, including pipes, siding, and roofing.
- >The global ABS market was valued at USD 16.2 billion in 2019 and is expected to reach USD 22.4 billion by 2025, growing at a CAGR of 5.3% from 2020 to 2025.
- >The ABS market is highly consolidated, with a few key players accounting for a significant market share. The top five players in the ABS market are LyondellBasell Industries, SABIC, BASF SE, The Dow Chemical Company, and Formosa Plastics Corporation.
- >The demand for ABS in the medical industry is expected to grow due to its use in various medical devices and equipment, such as prosthetics, hearing aids, and orthopedic implants.
- >The demand for ABS in the packaging industry is also expected to grow due to its use in various applications, including food packaging, cosmetic packaging, and pharmaceutical packaging.
Injection moulded plastics market projections
Injection moulded plastics are manufactured using thermoplastics, such as:
- >Acrylonitrile butadiene styrene (ABS).
- >Acrylonitrile styrene acrylate (ASA).
- >High-density polyethene (HDPE).
- >Low-density polyethene (LDPE).
- >Polycarbonate (PC).
- >Polyamide (Nylon).
- >High-impact polystyrene (HIPS).
- >Polypropylene (PP).
What is ABS in polymer?
Acrylonitrile gives ABS its high strength and heat resistance, butadiene provides its flexibility, and styrene gives it a glossy finish. This combination of properties makes ABS a versatile material that is used in a wide range of applications.
ABS is commonly used in the manufacturing of toys, automotive parts, and household appliances. It is also used to make electronic housings, musical instruments, and various other consumer goods. Additionally, ABS is a popular choice for 3D printing filaments.
ABS is relatively easy to process and has good electrical insulation properties. It can be injection moulded, extruded, or thermoformed.
Additionally, ABS polymer can also be machined, sanded, or painted. ABS is also a lightweight material, making it ideal for applications where weight is a concern.
ABS plastic is a thermoplastic polymer, which means that it can be reheated and reshaped multiple times without losing its mechanical properties. However, ABS is sensitive to UV light and can become brittle over time when exposed to it.
ABS is also a recyclable material and can be recycled to produce new products.
However, ABS polymer also has some downsides. It has a low resistance to chemicals and also has a low flame resistance which limits its use in certain applications.
Why is ABS a good plastic?
ABS (Acrylonitrile Butadiene Styrene) is considered a good plastic for several reasons:
- >Versatility: ABS is a versatile material that is used in a wide range of applications due to its combination of properties. It is strong, tough, and heat-resistant, making it suitable for a variety of products.
- >Durability: ABS is a thermoplastic polymer, which means that it can be reheated and reshaped multiple times without losing its mechanical properties. This makes it a durable material for products that need to withstand repeated use.
- >Easy to process: ABS is relatively easy to process and can be injection moulded, extruded, or thermoformed. It can also be machined, sanded, or painted, making it a convenient material for manufacturers.
- >Electrical insulation: ABS has good electrical insulation properties, making it a popular choice for electronic housings and other applications where electrical insulation is required.
- >Lightweight: ABS is a lightweight material, making it ideal for applications where weight is a concern.
- >Recyclable: ABS is a recyclable material and can be recycled to produce new products, which makes it an environmentally friendly option.
Is ABS plastic good quality?
ABS plastic has some limitations that should be considered when choosing this material for a particular application:
- >Low resistance to chemicals: ABS has a low resistance to chemicals, which limits its use in certain applications.
- >Low flame resistance: ABS has a low flame resistance, which limits its use in certain applications.
- >UV sensitivity: ABS is sensitive to UV light and can become brittle over time when exposed to it.
Overall, ABS is considered a good quality plastic due to its combination of properties, versatility, and durability.
Is ABS better than plastic?
ABS (Acrylonitrile Butadiene Styrene) and plastic are both commonly used materials in manufacturing, but they have different properties and uses.
Different types of plastic have different properties, but many are lightweight and durable. Whether ABS is better than plastic depends on the specific application and properties required.