June 22, 2024

Acrylonitrile butadiene styrene Market Size To Increase USD 32.29 Billion By 2032

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.

Acrylonitrile Butadiene Styrene Market Size 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.

Read More: Acrylate Market To Hit USD 19.96 Billion By 2032

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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