ABS Market Analysis

ABS Market Analysis

ABS market size for automotive plating on plastics (POP) application from bumper is poised to surpass 25 kilo tons by 2024.. ABS plating on bumper helps in improving material quality similar to that of metal which used to protect vehicle from major accidental impact   along with   reducing production cost, thereby stimulating product demand.
 

ABS market for automotive plating on plastics (POP) application size from car door handles application is likely to witness gains of 6.5% by 2024 owing to features including consistent and smooth finish to car handles. Growing demand for scratch proof materials for automotive manufacturers due to consumer inclination towards better aesthetic values and low vehicular body maintenance are factors likely to contribute towards industry growth in projected timeline.
 

Asia Pacific led by, Australia, Japan, South Korea, India and China ABS market for automotive plating on plastics (POP) application size is projected to surpass USD 800 million by 2024 owing to presence of contract manufacturers of automotive components for major automotive manufacturers including BMW, Mercedes Benz, Hyundai, Toyota, Honda, Jaguar, Mitsubishi, Nissan and Renault mainly in India and China. Increasing number of contract manufacturers accompanied by favorable government FDI norms have increased automotive components production, thereby driving regional product demand.
 

Europe driven by Italy, France, UK, and Germany ABS market for automotive plating on plastics (POP) application may observe significant gains over 6.5% by 2024 owing to strong demand for light aerodynamic cars. Stringent emission regulations put forth by European union forcing automotive manufacturers to utilize lighter components in order to increase fuel efficiency and lower CO₂ emissions, thereby driving product demand.
 

Brazil ABS market for automotive plating on plastics (POP) application size may witness strong gains on account of growing automotive industry. Rising urbanization and per capita income will lead to increase in purchasing power of consumers in Brazil. This will enhance ABS market for automotive plating on plastics (POP) application size.