What is Global High Heat ABS Market?
The Global High Heat ABS Market is a specialized sector within the broader market of Acrylonitrile Butadiene Styrene (ABS) plastics. ABS is a common thermoplastic polymer typically used for injection molding applications. The High Heat ABS variant is specifically designed to withstand higher temperatures without losing its shape or mechanical properties. This makes it an ideal material for applications that require both heat resistance and structural integrity. The global market for High Heat ABS is driven by its diverse range of applications across various industries, including automotive, household appliances, high-end consumer electronics, and industrial sectors.
High Heat Resistant, Super High Heat Resistant in the Global High Heat ABS Market:
High Heat ABS is classified into two types: High Heat Resistant and Super High Heat Resistant. High Heat Resistant ABS can withstand temperatures up to 100 degrees Celsius, making it suitable for applications such as automotive parts and household appliances. On the other hand, Super High Heat Resistant ABS can endure temperatures up to 120 degrees Celsius, making it ideal for high-end consumer electronics and industrial applications. The choice between these two types depends on the specific requirements of the application, such as the operating temperature and the required mechanical properties.
Automotive, Household Appliances, High-end Consumer Electronics, Industrial, Others in the Global High Heat ABS Market:
The Global High Heat ABS Market finds its usage in various sectors. In the automotive industry, it is used in the manufacturing of interior and exterior parts that need to withstand high temperatures, such as under-the-hood components and lighting systems. In household appliances, it is used in parts that are exposed to heat, such as oven interiors and coffee maker components. In high-end consumer electronics, it is used in devices that generate a lot of heat, such as laptops and gaming consoles. In the industrial sector, it is used in machinery and equipment that operate at high temperatures. Other applications include medical devices and sporting goods.
Global High Heat ABS Market Outlook:
The global High Heat ABS market outlook reveals that the market was valued at US$ 1903.1 million in 2022. It is projected to reach US$ 2953 million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period of 2023-2029. The market is dominated by major manufacturers such as LG Chem, Chi Mei, INEOS Styrolution, Formosa Chemicals, SABIC, and Toray. These top six players account for about 59% of the market's revenue. The High-end Consumer Electronics application market holds the largest market share, accounting for 30% of global High Heat ABS sales volume.
| Report Metric | Details |
| Report Name | High Heat ABS Market |
| Accounted market size in 2022 | US$ 1903.1 in million |
| Forecasted market size in 2029 | US$ 2953 million |
| CAGR | 6.4% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | LG Chem, Chi Mei, INEOS Styrolution, Formosa Chemicals, SABIC, Toray, Techno-UMG (JSR), Lotte Advanced Materials, Trinseo, ELIX Polymers (Sinochem), Versalis, KUMHO-SUNNY, SAX Polymers Industries, KKPC |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
