Transparency Market Research in its new report titled, “Nylon ABS Alloys Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the nylon ABS alloys market. The TMR report anticipates that the rise in demand for quality alloys with superior characteristic properties of nylon such as high heat, chemical, and mechanical resistance and properties of ABS such as superior colorabiity, low matt finish, etc. from the automotive industry will drive the nylon ABS alloys market during the forecast period i.e, 2018-2026. Additionally, other features such as excellent processability, superior fatigue performance, and excellent abrasion characteristic are boosting the nylon ABS alloys market. Compatibility issues between nylon and ABS is a major drawback that may restrain the market during the forecast period. However, rise in research and development activities in order to discover a new compatibilizer that is compatible with nylon as well as ABS is expected to boost the market, says the report.
The TMR report has segregated the global nylon ABS alloy market in terms of grade into KC 216, KC 246, and KC216V15. KC 216 is the unmodified form of nylon ABS alloy with properties such as easy flow and short cycling time. KC 246 and KC216V15 are mineral-reinforced grades that provide extended stiffness, strength, and dimensional stability. On the basis of end-user, the global nylon ABS alloy market is bifurcated into automotive, electrical & electronic, consumer goods, and construction. Rising automotive production across globe, technological advancements in resins, and rise in demand for high-durability and temperature resistant material from the electrical & electronic industry are expected to boost the demand for nylon ABS alloys market during the forecast period, says TMR analyst.
From a geographical perspective, the nylon ABS alloys market is split into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. Among these, North America is a leading consumer of nylon ABS alloys, followed by Europe. Demand for nylon ABS alloys market in the U.S. is anticipated to rise significantly during the forecast period, mainly due to rise in emphasis on metal replacement in various industries such as construction, automotive, and electrical & electronics. Additionally, technological advancements such as 3D printing filament are likely to provide lucrative opportunities to manufacturers operating in the U.S.
The TMR report expects the demand for nylon ABS alloys market in Europe to be driven by the increasing demand from automotive applications. In Asia Pacific, the nylon ABS alloys market in China, India, Japan, and South Korea is expected to expand at a significant rate during the forecast period. This is attributed to expansion in the automotive industry and increase in FDI in the electrical & electronic industry across China, India, and ASEAN countries. Latin America and Middle East & Africa are emerging regions of the market, and expansion of the nylon ABS alloys market in these regions is likely to be slow compared to mature regions. This is primarily due to low product awareness and heavy reliance on raw material imports in these regions. Some of the prominent players operating in the global nylon ABS alloys market are profiled in this report to give a better competitive landscape and these include INEOS Styrolution, Next Polymers Ltd, Toray Industries, Inc., and Formulated Polymers Limited.
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Transparency Market Research (TMR) is a U.S.-based provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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