Global Nylon ABS Alloys Market: Overview
Nylon ABS
alloys are the new generation of modified alloys that are produced through the
injection moldings process. These alloys comprise a blend of nylon and ABS, in
which nylon 6 resin is present as a continuous matrix phase coupled with ABS as
a modifier. The blend of nylon and ABS makes the alloys highly amorphous and
crystalline, which further makes them suitable for various applications such as
consumer products, automotive interiors, appliance housing, furniture, toys, and
sporting goods. Initial attempts to form nylon ABS alloys met with limited
success. However, rise in research activities to increase compatibility between
amorphous ABS and semi-crystalline nylon by using high-performance
compatibilizer has raised demand for nylon ABS in the recent past. For
instance, BASEF SE launched Terblend nylon 6/ABS alloys in the market in
Europe. The alloys have gained popularity in various applications such as
auto-interior parts, safety glasses, 3-D printing filament, shrouds and handles
for components of lawn and garden equipment, power tools, and soap dispensers.
These alloys provide various advantages compared to counterparts such as
relatively low density, high spiral flow, and superior acoustic performance.
Global Nylon ABS Alloys Market: Key Segments
Based on
grade, the global nylon
ABS alloy market can be classified 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. In terms
of end-user, the global nylon ABS alloy market can be categorized into
automotive, electrical & electronic, consumer goods, and construction.
Increasing 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.
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 is
driving the nylon ABS alloys market. In addition, 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. For instance, in 2016, INEOS Styrolution,
a leading manufacturer of nylon ABS alloys, introduced glass-reinforced
ABS/nylon alloy for premium agricultural utility vehicle manufacturers. The
alloy offers a high-quality surface with matte appearance, enhanced dimensional
stability, rigidity and high flowability, and very low moisture absorbance.
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In terms
of region, the nylon ABS alloys market can be segmented into North America,
Asia Pacific, Europe, Latin America, and Middle East & Africa. North
America is a leading consumer of nylon ABS alloys, followed by Europe. Demand
for nylon ABS alloys market in the U.S. is expected to rise significantly
during the forecast period, primarily due to rise in emphasis on metal
replacement in various industries such as construction, automotive, and
electrical & electronics. In addition, technological advancements such as 3
D printing filament are likely to provide lucrative opportunities to
manufacturers operating in the U.S. Demand for nylon ABS alloys market in
Europe is expected to be driven by increase in 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.
Global Nylon ABS Alloys Market: Key Players
Key
players operating in the global nylon ABS alloys market are INEOS Styrolution,
Next Polymers Ltd, Toray Industries, Inc., and Formulated Polymers
Limited.
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