The global Acrylonitrile butadiene styrene market size was valued at US$ 22.30 billion in 2023 and is projected to reach US$ 32.29 billion by 2032, indicating a CAGR of 4.20% from 2023 to 2032.
The Acrylonitrile Butadiene Styrene (ABS) market has witnessed substantial growth in recent years, positioning itself as a key player in the global plastics industry. ABS, a thermoplastic polymer, is known for its remarkable strength, impact resistance, and versatile applications across various sectors. The market’s prominence can be attributed to the material’s ability to balance toughness with rigidity, making it a preferred choice in manufacturing a wide range of consumer and industrial products.
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Acrylonitrile Butadiene Styrene Market Scope
| Report Coverage | Details |
| Market Size in 2023 | USD 22.30 Billion |
| Market Size by 2032 | USD 32.29 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 4.20% |
| Largest Market | Asia Pacific |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Segments Covered | By Type and By Application |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Growth Factors:
Diversified Applications: The ABS market’s growth is fueled by its extensive applications in diverse industries, including automotive, electronics, construction, and consumer goods. Its adaptability to different manufacturing processes and compatibility with various additives make it an ideal choice for a broad spectrum of products.
Automotive Sector Surge: With the automotive industry’s continuous expansion, ABS has found a substantial market in the production of automotive components. The material’s lightweight yet robust characteristics contribute to fuel efficiency and overall vehicle performance, driving its demand in this sector.
Electronic Devices Boom: The proliferation of electronic devices globally has significantly contributed to the ABS market’s expansion. ABS’s electrical insulating properties, coupled with its durability, make it a preferred choice for manufacturing electronic enclosures, connectors, and other components.
Construction Industry Adoption: ABS’s resilience to harsh environmental conditions and its ability to withstand impact make it a valuable material in the construction sector. The demand for ABS in pipes, fittings, and construction materials is on the rise, driven by its longevity and cost-effectiveness.
Consumer Goods Dominance: The consumer goods sector has witnessed a surge in ABS usage, particularly in the production of toys, luggage, and various household items. Its aesthetic appeal, coupled with its durability, positions ABS as a go-to material for manufacturers looking to create reliable and visually appealing products.
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By Type
Acrylonitrile Butadiene Styrene (ABS) is a versatile thermoplastic polymer that finds its segmentation based on type and application. In terms of types, ABS is categorized into various formulations, each tailored to specific industrial requirements. Standard ABS, flame-retardant ABS, and high-impact ABS are among the commonly distinguished types, with each offering unique characteristics catering to different end-use applications.
By Application
In the realm of applications, ABS is widely employed across diverse industries. Its exceptional strength, impact resistance, and thermal stability make it a preferred choice in the automotive sector for manufacturing components like bumpers, interior trim, and dashboard elements. Additionally, ABS’s electrical insulating properties contribute to its use in the electronics industry for the production of housings for various devices. Furthermore, ABS’s popularity extends to the construction sector, where it is utilized for pipes, fittings, and other structural components. The segmentation by application reflects the adaptability of ABS across an array of industries, showcasing its significance in modern manufacturing and product development.
Reasons to Purchase this Report:
- Comprehensive market segmentation analysis incorporating qualitative and quantitative research, considering the impact of economic and policy factors.
- In-depth regional and country-level analysis, examining the demand and supply dynamics that influence market growth.
- Market size in USD million and volume in million units provided for each segment and sub-segment.
- Detailed competitive landscape, including market share of major players, recent projects, and strategies implemented over the past five years.
- Comprehensive company profiles encompassing product offerings, key financial information, recent developments, SWOT analysis, and employed strategies by major market players.
Acrylonitrile Butadiene Styrene Market Players
- LG Chem
- INEOS Styrolution
- SABIC
- BASF SE
- Covestro
- Chi Mei Corporation
- Trinseo
- Formosa Chemicals & Fibre Corp.
- Asahi Kasei Corporation
- Toray Industries, Inc.
- Kumho Petrochemical Co., Ltd.
- Teijin Limited
- LOTTE Chemical CORPORATION
- Ravago
- Mitsubishi Chemical Corporation
Segments Covered in the Report
By Type
- Opaque
- Transparent
- Colored
By Application
- Appliances
- Electrical and Electronics
- Automotive
- Consumer Goods
- Construction
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology (Premium Insights)
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Acrylonitrile Butadiene Styrene Market
5.1. COVID-19 Landscape: Acrylonitrile Butadiene Styrene Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Acrylonitrile Butadiene Styrene Market, By Type
8.1. Acrylonitrile Butadiene Styrene Market Revenue and Volume, by Type, 2023-2032
8.1.1. Opaque
8.1.1.1. Market Revenue and Volume Forecast (2020-2032)
8.1.2. Transparent
8.1.2.1. Market Revenue and Volume Forecast (2020-2032)
8.1.3. Colored
8.1.3.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 9. Global Acrylonitrile Butadiene Styrene Market, By Application
9.1. Acrylonitrile Butadiene Styrene Market Revenue and Volume, by Application, 2023-2032
9.1.1. Appliances
9.1.1.1. Market Revenue and Volume Forecast (2020-2032)
9.1.2. Electrical and Electronics
9.1.2.1. Market Revenue and Volume Forecast (2020-2032)
9.1.3. Automotive
9.1.3.1. Market Revenue and Volume Forecast (2020-2032)
9.1.4. Consumer Goods
9.1.4.1. Market Revenue and Volume Forecast (2020-2032)
9.1.5. Construction
9.1.5.1. Market Revenue and Volume Forecast (2020-2032)
9.1.6. Others
9.1.6.1. Market Revenue and Volume Forecast (2020-2032)
Chapter 10. Global Acrylonitrile Butadiene Styrene Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.1.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.1.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.1.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.2.6.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.3.6.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.4.6.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.5.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.5.3.2. Market Revenue and Volume Forecast, by Application (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Volume Forecast, by Type (2020-2032)
10.5.4.2. Market Revenue and Volume Forecast, by Application (2020-2032)
Chapter 11. Company Profiles
11.1. LG Chem
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. INEOS Styrolution
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. SABIC
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. BASF SE
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Covestro
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Chi Mei Corporation
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Trinseo
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Formosa Chemicals & Fibre Corp.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Asahi Kasei Corporation
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Toray Industries, Inc.
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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