EV ACRYLONITRILE BUTADIENE STYRENE MARKET

INTRODUCTION

 Automotive parts and electrical insulation products use ABS  acrylonitrile butadiene styrene  resin.ABS resins are made of adaptable thermoplastic components that provide great durability and electrical insulating qualities together with high levels of surface quality.

Electrical insulation items such as polymer insulators, disc insulators, medium voltage line covers, high voltage busbar insulation tape, single pole switches, and double pole switches are all made using ABS resin.

Electrical transmission networks are growing on a global scale as urbanisation and industry pick up speed. The International Energy Agency IEA estimates the demand for electricity would rise.

As a result, the market for ABS resins anticipates a sizable demand for the production of electrical insulation goods.

EV ACRYLONITRILE BUTADIENE STYRENE MARKET SIZE AND FORECAST

The Global EV  acrylonitrile butadiene styrene market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

EV ACRYLONITRILE BUTADIENE STYRENE MARKET COVID-19  IMPACT

COVID-19 has had a substantial negative influence on the ABS resin market. Due to the economic downturn, the business has had to deal with a number of issues, including a labour shortage, transportation problems, and a shortage of raw materials.

Global shipping is a crucial factor in the import and export of petrochemical goods, and during COVID-19, many major ports and terminals announced temporary closures, which had an impact on the supply chains of the petrochemical sectors.

For instance, China briefly suspended operations at its terminal in the third-busiest port in the world, Ningbo-Zhoushan. Due to the closure of key ports, manufacturers have experienced delays in product delivery; as a result, the cost of raw materials has increased due to a shortage.

Additionally, several end-user businesses had macroeconomic difficulties like issues with liquidity, credit recovery, and interest rates.

Many organisations filed for bankruptcy as a result of the liquidity issue and the absence of sufficient funding to run enterprises, which posed a threat to the future viability of the industry after COVID, particularly in developing nations.

However, as global manufacturing and export-import operations are ramping up quickly, demand for ABS resins is currently increasing after the lockdown process was relaxed in the majority of the countries.

EV ACRYLONITRILE BUTADIENE STYRENE MARKET COMPANY PROFILES

• Aaron Industries Corporation
• ABW Polymers
• Aclo Compounders
• A. Schulman, former Lucent Polymers
• RTP

THIS EV ACRYLONITRILE BUTADIENE STYRENE MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many EV acrylonitrile butadiene styrene  are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global EV acrylonitrile butadiene styrene  and key vendor selection criteria
3. Where is the EV acrylonitrile butadiene styrene  manufactured? What is the average margin per unit?
4. Market share of Global EV acrylonitrile butadiene styrene  market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global EV acrylonitrile butadiene styrene  in-house
6. key predictions for next 5 years in Global EV acrylonitrile butadiene styrene  market
7. Average B-2-B EV acrylonitrile butadiene styrene  market price in all segments
8. Latest trends in EV acrylonitrile butadiene styrene  market, by every market segment
9. The market size (both volume and value) of the EV acrylonitrile butadiene styrene  market in 2024-2030 and every year in between?
10. Production breakup of EV acrylonitrile butadiene styrene  market, by suppliers and their OEM relationship