Global Heat Resistant ABS Resin Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Heat Resistant ABS Resin Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The heat-resistant ABS has quite good weather resistance and chemical resistance, as well as high impact resistance and high flow characteristics. The most common heat-resistant temperature requirements for electrical, electronic components and auto parts are materials that must be higher than the Vicat softening temperature (VST) 100°C to meet the requirements of the application products. Heat resistant ABS (HH ABS) is a grade of ABS. It has the second highest strength and second lowest ductility compared to the other variants of ABS. This ABS resin offers superior heat resistance, shock resistance, and outstanding workability. It has wide-ranging use in items such as Automotive Usage parts, and electrical devices.The heat resistance modified method of ABS comprises following several at present: the monomer of 1) introducing high rigidity in the ABS structure, as alpha-methyl styrene etc., heat-drawn wire is brought up to more than 100 °C, but reduced mobility and shock strength, surface gloss reduces.2) use the heat-resistant copolymer blend, as maleic anhydride-styrene copolymers, maleimide copolymer, N-phenylmaleimide multipolymer etc., can significantly improve heat resisting temperature, and the add-on of regulation and control multipolymer can obtain the heat resistant product of different stage, but just is difficult to improve after it reaches certain temperature classification again.3) alloying, generally polycarbonate commonly used, polymeric amide, polyester polymer, can prepare the ABS alloy that height is heat-resisting, mechanical property is excellent.

Market Overview:

The latest research study on the global Heat Resistant ABS Resin market finds that the global Heat Resistant ABS Resin market reached a value of USD 5638.53 million in 2022. It’s expected that the market will achieve USD 7109.88 million by 2028, exhibiting a CAGR of 3.94% during the forecast period.

Raw material price fluctuations

The core raw material of heat-resistant ABS resin is petroleum-based materials, which will be affected by fluctuations in petroleum prices. Oil prices are susceptible to macro-environmental influences, including political and economic influences. During the current COVID-19 period, there are large uncertainties in global politics, diplomacy, economy, etc., which will lead to the risk of fluctuations in oil prices, which in turn will affect the prices of petroleum-based materials. This will affect the production cost of heat-resistant ABS resin. Come threats and bring risks to the production and operation of the enterprise. Companies should deal with cost risk control measures, and the control of raw material price risks is an important challenge for companies.

Wide range of downstream applications

ABS is a material with easily available raw materials, good comprehensive performance, cheap price, and a wide range of uses. It has been widely used in machinery, electrical, office, daily necessities, automobiles, airplanes, ships, and other manufacturing and chemical industries. ABS has good processability and toughness, but insufficient heat resistance. It is necessary to increase the heat resistance of ABS for expanding its application fields. Especially in the automotive and electronic and electrical aspects, for automotive interior parts such as dashboards, toolboxes, ashtrays, new extrusions, and other components; automotive exterior parts, such as front grilles, car bases, painted rearview mirror door panels, wheels The hood, spoiler, gearbox cover, etc. all need better heat resistance. In addition, in terms of electrical and electronics, vacuum cleaner shells, microwave oven door frames, hairdryers, etc. also require ABS materials to have better heat resistance in order to meet the material requirements of the parts. The downstream market is extensive, including not only home appliances but also industrial manufacturing, electronic appliances, and other industries, which will promote the demand for heat-resistant ABS resin.

Fierce competition

With the development of global material chemistry and manufacturing, the demand for heat-resistant ABS resin will increase. For companies, expanding market share has become an important market goal, which will promote fierce market competition. The intensified competition will easily expand business risks, especially when price becomes an important means. When vicious competition occurs, it will affect the healthy ecology of the industry. For companies, how to maintain their advantages in a highly competitive environment will be a challenge.

Region Overview:

In 2021, the share of the Heat Resistant ABS Resin market in Asia Pacific stood at 50.71%.

Company Overview

LG Chem is one of the major players operating in the Heat Resistant ABS Resin market, holding a share of 19.28% in 2021.

LG Chem

Founded in 1947, it was Korea's first chemical company. The company produces a variety of products, including petrochemicals, pharmaceuticals, and specialty chemicals. The Petrochemicals unit makes basic chemicals like ethylene, propylene, and their derivatives, as well as PVC, acrylates, and engineering plastics.

CHIMEI

Chi Mei Corporation operates as chemical materials manufacturing company. The Company produces and sells plastics products, electronic materials products, rubbers products, and other products.

Segmentation Overview:

As for product types, the High Heat Resistant segment held the largest market share in 2021.

High Heat Resistant

Heat resistant ABS is a grade of ABS. The heat distortion temperature of Heat resistant ABS is generally 90~105°C. It has the second highest strength and second-lowest ductility compared to the other variants of ABS. High heat ABS provides very good temperature stability and is used especially in the automotive industry. HH-ABS is available as high-gloss material but also in low gloss. It can be used for painted parts in exterior applications but also as a low emission version for interior parts.

Super High Heat Resistant

Super High Heat Resistant has a higher heat distortion temperature, which is higher than that of High Heat Resistant ABS, and can even increase by about 10-20°C.

Application Overview:

By application, the Automotive segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Heat Resistant ABS Resin market covered in Chapter 3:

LG ChemKingfaCNPCCHIMEITorayTechno-UMGSABICTianjin Dagu ChemicalKumho PetrochemicalLOTTE Advanced MaterialsFormosa ChemicalsINEOS StyrolutionELIX Polymers (Sinochem)Trinseo

In Chapter 4 and Chapter 14.2, on the basis of types, the Heat Resistant ABS Resin market from 2018 to 2029 is primarily split into:

High Heat ResistantSuper High Heat Resistant

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Heat Resistant ABS Resin market from 2018 to 2029 covers:

AutomotiveHousehold AppliancesHigh-end Consumer ElectronicsIndustrialOthers

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)Latin America (Brazil, Mexico, Argentina)Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)