ABS market for automotive plating on plastics may exceed USD 2 billion by 2024; according to a new research report.

Significant rise in demand for rigid and low weight polymers may surge demand for ABS owing to its thermal stability and robustness. ABS have its usage in wide range of automotive applications which includes manufacturing of automotive components including bumpers, grills, wheels, car door handles, emblems, mirror covers and fuel covers. These factors are likely to propel ABS market for automotive plating on plastics (pop).

ABS market for automotive plating on plastics application from mirror covers is projected to witness gains of 6.5% by 2024. Growing awareness among people about road safety rules has increased demand for mirrors and mirror covers. ABS is utilized for manufacturing mirror covers and can be plated to give a shiny finish to the final product which may amplify ABS market for automotive plating on plastics.

Momentous rise in usage of biopolymers owing to strict governmental regulation, healthcare issues and plastic contamination may affect ABS market for automotive plating on plastics application.

China ABS market for automotive plating on plastics application from car door handles is projected to surpass USD 40 million by 2024. Stringent government regulations associated with pollution level has emphasized car manufacturers to decrease kerb weight which will lead to reduction in pollution levels. Acrylonitrile butadiene styrene (ABS) is a lightweight polymer which can be used to diminish kerb weight by constructing car door handles. These products reduce weight levels and reduce toxic gases emissions which may foster industry.

Germany ABS market for automotive plating on plastics application from emblems will witness 6.5% gains by 2024. Companies including Audi, Mercedes, Ford and Porsche has there manufacturing plants in this region. High standard of living has surged people to purchase these high-end vehicles which has attractive and eye catchy emblems which defines significance of the company. ABS is utilized in manufacturing of these emblems which may propel ABS market for automotive plating on plastics application.

Canada ABS market for automotive plating on plastics application from bumpers is anticipated to surpass USD 2 million by 2024. Growing demand for heavy vehicles due to surge in trade activities between U.S. and Canada is anticipated to raise the demand for ABS owing to its usage in manufacturing bumpers in the region. These products offer high impact strength and are used to protect vehicles which may propel ABS market for automotive plating on plastics application.

Italy ABS market for automotive plating on plastics application from trims is likely to witness 5.5% gains by 2024. Significant rise in usage of electric vehicles has developed demand for low weight components with high strength to weight ratio which may raise demand for this product. ABS is utilized in manufacturing of trims in vehicles owing to its high sturdiness and mechanical strength which provides rigidity to vehicles structure this may foster market growth.

ABS market for automotive plating on plastics application is moderately consolidated market with major players includes Retlaw Industries, Preferred Plastics, INEOS Styrolution, SABIC, OJSC Plastic, Otto Klumpp, Trinseo, ELIX Polymers, Omni Plastics and OTIS TARDA.