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Acrylonitrile Butadiene Styrene (ABS) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published Jan 01, 2025
Length 110 Pages
SKU # FOB19472292

Description

Acrylonitrile Butadiene Styrene (ABS) Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032



Growth Factors of Acrylonitrile Butadiene Styrene Market

The acrylonitrile butadiene styrene market size was valued at USD 25.135 billion in 2019, and the market is now projected to grow from USD 25.135 billion in 2019 to USD 42.809 billion by 2027, exhibiting a CAGR of 6.9% during the forecast period of 2019-2027.

The COVID-19 pandemic created significant challenges in operative elective surgeries as curbing The coronavirus pandemic has hugely affected the plastics industry, resulting in the temporary halting of production and other trade activities. The stoppage in manufacturing because of the pandemic has, in addition, brought about a decline in economies because of the discount in calls from clients and various quit-use industries, leading to remarkable disruptions within the plastics delivery chain. Lockdowns in several important economies have also had a massive effect on the trading and distribution sports of numerous production companies, further affecting the pricing of raw substances as well as acrylonitrile butadiene styrene market growth.

The growing call from clients for lightweight vehicles has brought about innovation inside the car industry that acts as a riding thing for the boom of the ABS marketplace. The high increase rate of the worldwide populace has contributed to the increasing call for efficient vehicles. These substances are used for various programs in a car, which include bumpers, exterior panels, dashboards, and others. The incredibly useful residences of ABS make the material best to be used inside the making of lightweight vehicles, as a consequence, developing excessive calls for and propelling the marketplace. Moreover, the growth in other sectors consisting of appliance production, construction, customer goods, and electronics is likewise a first-rate component supporting the increase of acrylonitrile butadiene styrene market share.

Additionally, the adoption of lightweight motors is increasing internationally because of the growing demand for gas performance to manipulate CO2 emissions. ABS materials are used for the production of diverse automobile elements along with bumpers, interiors, seating, middle consoles, and others. The vast usage of these materials in the automotive industry is especially due to their superb houses, including chemical resistance, lightweight density, and high strength. ABS is also used for aircraft panels, interiors, and compartments.

Comprehensive Analysis of Acrylonitrile Butadiene Stryene Market

Based on utility, the marketplace is segmented into appliances, automotive, client items, creation, electronics, and others. The home equipment section ruled the marketplace due to the high call for appliances along with safety helmets, sports activities devices, vacuum purifiers, cameras, and telephones. The technological improvements in electrical and electronics have led to high demand for the aforementioned completed merchandise. Moreover, ABS is a superb replacement for PVC, where it may be used for production programs, including tubes and pipes, floors, and others.

Asia Pacific dominated the acrylonitrile butadiene styrene market share and is estimated to have a value of USD 14,244.2 million in 2019, which can be attributed to the increasing demand for ABS materials from various end-use industries that include automobile, construction, and others. The economic development of countries such as China and India has led to substantial growth in the region’s construction industry, additionally driven by improvements in lifestyles and government infrastructure projects.

The top players in the market play a crucial role in the industry, assuring industrial prospectus growth and setting market standards. These players include BASF (Germany), 3M (U.S.), Covestro AG (Germany), INEOS (U.K.), SABIC (Saudi Arabia), LG Chemicals (South Korea), Chi Mei Corporation (Taiwan) and Asahi Kasei Corp. (Japan); these market players provide a level-playing competitive landscape.

In June 2021 – Nexeo Plastics and Covestro launched the new Polycarbonate/ABS three-D printing filament Addigy FPB 2684 3D. This filament is not to be had any longer through Nexeo Plastics’ distribution platform. With this release, the enterprise will continue to invest and amplify its 3-D printing product portfolio and support offerings.

Segmentation Table

Global Acrylonitrile butadiene stryene Market Scope

Study Period 2016-2027

Base Year 2019

Forecast Period 2020-2027

Growth Rate CAGR of 6.9% from 2024-2032

Historical Period 2016-2018

Unit Value (USD Billion)

Segmentation By application, and Region

By application

Appliances

Automotive

Consumer Goods

Construction

Electronics

Others

By Region

North America (By Type, application, and Country)

U.S. (By application)

Canada (By application)

Europe (By Type, application, and Country/Sub-region)

U.K. (By application )

Germany (By application)

France (By application)

Italy (By application)

Spain (By application)

Poland (by application)

Rest of Europe (By application)

Asia Pacific (By Type, application, and Country/Sub-region)

China (By application)

Japan (By application)

India (By application

South Korea (By application )

Rest of Asia Pacific (By application)

Latin America (By Type application, and Country/Sub-region)

Brazil (By application)

Rest of Latin America (By application)

Middle East & Africa (By Type, application, and Country/Sub-region)

South Africa (By application )

Rest of Middle East & Africa (By application )

Table of Contents

110 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
4.3. Latest Technological Advancement
4.4. Insights on Regulatory Scenario
4.5. Porters Five Forces Analysis
5. Qualitative Insights – Impact of COVID-19 on Global Acrylonitrile Butadiene Styrene Market
5.1. Supply Chain Challenges
5.2. Steps taken by Government/Companies to overcome this impact
5.3. Potential opportunities due to COVID-19 outbreak
6. Global Acrylonitrile Butadiene Styrene Market Analysis, Insights and Forecast, 2016-2027
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Application (Volume/Value)
6.2.1.1. Appliances
6.2.1.2. Automotive
6.2.1.3. Consumer Goods
6.2.1.4. Construction
6.2.1.5. Electronics
6.2.1.6. Others
6.2.2. By Region (Volume/Value)
6.2.2.1. North America
6.2.2.2. Europe
6.2.2.3. Asia Pacific
6.2.2.4. Latin America
6.2.2.5. Middle East & Africa
7. North America Acrylonitrile Butadiene Styrene Market Analysis, Insights and Forecast, 2016-2027
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Application (Volume/Value)
7.2.1.1. Appliances
7.2.1.2. Automotive
7.2.1.3. Consumer Goods
7.2.1.4. Construction
7.2.1.5. Electronics
7.2.1.6. Others
7.2.2. By Country (Volume/Value)
7.2.2.1. U.S.
7.2.2.1.1. By Application (Volume/Value)
7.2.2.1.1.1. Appliances
7.2.2.1.1.2. Automotive
7.2.2.1.1.3. Consumer Goods
7.2.2.1.1.4. Construction
7.2.2.1.1.5. Electronics
7.2.2.1.1.6. Others
7.2.2.2. Canada
7.2.2.2.1. By Application (Volume/Value)
7.2.2.2.1.1. Appliances
7.2.2.2.1.2. Automotive
7.2.2.2.1.3. Consumer Goods
7.2.2.2.1.4. Construction
7.2.2.2.1.5. Electronics
7.2.2.2.1.6. Others
8. Europe Acrylonitrile Butadiene Styrene Market Analysis, Insights and Forecast, 2016-2027
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Application (Volume/Value)
8.2.1.1. Appliances
8.2.1.2. Automotive
8.2.1.3. Consumer Goods
8.2.1.4. Construction
8.2.1.5. Electronics
8.2.1.6. Others
8.2.2. By Country (Volume/Value)
8.2.2.1. France
8.2.2.1.1. By Application (Volume/Value)
8.2.2.1.1.1. Appliances
8.2.2.1.1.2. Automotive
8.2.2.1.1.3. Consumer Goods
8.2.2.1.1.4. Construction
8.2.2.1.1.5. Electronics
8.2.2.1.1.6. Others
8.2.2.2. Germany
8.2.2.2.1. By Application (Volume/Value)
8.2.2.2.1.1. Appliances
8.2.2.2.1.2. Automotive
8.2.2.2.1.3. Consumer Goods
8.2.2.2.1.4. Construction
8.2.2.2.1.5. Electronics
8.2.2.2.1.6. Others
8.2.2.3. UK
8.2.2.3.1. By Application (Volume/Value)
8.2.2.3.1.1. Appliances
8.2.2.3.1.2. Automotive
8.2.2.3.1.3. Consumer Goods
8.2.2.3.1.4. Construction
8.2.2.3.1.5. Electronics
8.2.2.3.1.6. Others
8.2.2.4. Italy
8.2.2.4.1. By Application (Volume/Value)
8.2.2.4.1.1. Appliances
8.2.2.4.1.2. Automotive
8.2.2.4.1.3. Consumer Goods
8.2.2.4.1.4. Construction
8.2.2.4.1.5. Electronics
8.2.2.4.1.6. Others
8.2.2.5. Spain
8.2.2.5.1. By Application (Volume/Value)
8.2.2.5.1.1. Appliances
8.2.2.5.1.2. Automotive
8.2.2.5.1.3. Consumer Goods
8.2.2.5.1.4. Construction
8.2.2.5.1.5. Electronics
8.2.2.5.1.6. Others
8.2.2.6. Poland
8.2.2.6.1. By Application (Volume/Value)
8.2.2.6.1.1. Appliances
8.2.2.6.1.2. Automotive
8.2.2.6.1.3. Consumer Goods
8.2.2.6.1.4. Construction
8.2.2.6.1.5. Electronics
8.2.2.6.1.6. Others
8.2.2.7. Rest of Europe
8.2.2.7.1. By Application (Volume/Value)
8.2.2.7.1.1. Appliances
8.2.2.7.1.2. Automotive
8.2.2.7.1.3. Consumer Goods
8.2.2.7.1.4. Construction
8.2.2.7.1.5. Electronics
8.2.2.7.1.6. Others
9. Asia-Pacific Acrylonitrile Butadiene Styrene Market Analysis, Insights and Forecast, 2016-2027
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Application (Volume/Value)
9.2.1.1. Appliances
9.2.1.2. Automotive
9.2.1.3. Consumer Goods
9.2.1.4. Construction
9.2.1.5. Electronics
9.2.1.6. Others
9.2.2. By Country (Volume/Value)
9.2.2.1. China
9.2.2.1.1. By Application (Volume/Value)
9.2.2.1.1.1. Appliances
9.2.2.1.1.2. Automotive
9.2.2.1.1.3. Consumer Goods
9.2.2.1.1.4. Construction
9.2.2.1.1.5. Electronics
9.2.2.1.1.6. Others
9.2.2.2. India
9.2.2.2.1. By Application (Volume/Value)
9.2.2.2.1.1. Appliances
9.2.2.2.1.2. Automotive
9.2.2.2.1.3. Consumer Goods
9.2.2.2.1.4. Construction
9.2.2.2.1.5. Electronics
9.2.2.2.1.6. Others
9.2.2.3. Japan
9.2.2.3.1. By Application (Volume/Value)
9.2.2.3.1.1. Appliances
9.2.2.3.1.2. Automotive
9.2.2.3.1.3. Consumer Goods
9.2.2.3.1.4. Construction
9.2.2.3.1.5. Electronics
9.2.2.3.1.6. Others
9.2.2.4. South Korea
9.2.2.4.1. By Application (Volume/Value)
9.2.2.4.1.1. Appliances
9.2.2.4.1.2. Automotive
9.2.2.4.1.3. Consumer Goods
9.2.2.4.1.4. Construction
9.2.2.4.1.5. Electronics
9.2.2.4.1.6. Others
9.2.2.5. Rest of Asia Pacific
9.2.2.5.1. By Application (Volume/Value)
9.2.2.5.1.1. Appliances
9.2.2.5.1.2. Automotive
9.2.2.5.1.3. Consumer Goods
9.2.2.5.1.4. Construction
9.2.2.5.1.5. Electronics
9.2.2.5.1.6. Others
10. Latin America Acrylonitrile Butadiene Styrene Market Analysis, Insights and Forecast, 2016-2027
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Application (Volume/Value)
10.2.1.1. Appliances
10.2.1.2. Automotive
10.2.1.3. Consumer Goods
10.2.1.4. Construction
10.2.1.5. Electronics
10.2.1.6. Others
10.2.2. By Country (Volume/Value)
10.2.2.1. Brazil
10.2.2.1.1. By Application (Volume/Value)
10.2.2.1.1.1. Appliances
10.2.2.1.1.2. Automotive
10.2.2.1.1.3. Consumer Goods
10.2.2.1.1.4. Construction
10.2.2.1.1.5. Electronics
10.2.2.1.1.6. Others
10.2.2.2. Rest of Latin America
10.2.2.2.1. By Application (Volume/Value)
10.2.2.2.1.1. Appliances
10.2.2.2.1.2. Automotive
10.2.2.2.1.3. Consumer Goods
10.2.2.2.1.4. Construction
10.2.2.2.1.5. Electronics
10.2.2.2.1.6. Others
11. Middle East & Africa Acrylonitrile Butadiene Styrene Market Analysis, Insights and Forecast, 2016-2027
11.1. Key Findings / Summary
11.2. Market Size Estimates and Forecast
11.2.1. By Application (Volume/Value)
11.2.1.1. Appliances
11.2.1.2. Automotive
11.2.1.3. Consumer Goods
11.2.1.4. Construction
11.2.1.5. Electronics
11.2.1.6. Others
11.2.2. By Country (Volume/Value)
11.2.2.1. South Africa
11.2.2.1.1. By Application (Volume/Value)
11.2.2.1.1.1. Appliances
11.2.2.1.1.2. Automotive
11.2.2.1.1.3. Consumer Goods
11.2.2.1.1.4. Construction
11.2.2.1.1.5. Electronics
11.2.2.1.1.6. Others
11.2.2.2. Rest of Middle East & Africa
11.2.2.2.1. By Application (Volume/Value)
11.2.2.2.1.1. Vinyl Acetate Monomer (VAM)
11.2.2.2.1.2. Appliances
11.2.2.2.1.3. Automotive
11.2.2.2.1.4. Consumer Goods
11.2.2.2.1.5. Construction
11.2.2.2.1.6. Electronics
11.2.2.2.1.7. Others
12. Competitive Matrix
12.1. Business Strategies Adopted by Leading Players
12.2. Global Acrylonitrile Butadiene Styrene Market Revenue Share/Ranking Analysis, By Key Manufacturer
13. Company Profiles
13.1. BASF (Ludwigshafen, Germany)
13.1.1. Overview
13.1.2. Description
13.1.3. Product Portfolio
13.1.4. Financials (Data as available in public domain and/or on paid databases)
13.1.5. Recent Developments
13.2. 3M (Minnesota, United States)
13.2.1. Overview
13.2.2. Description
13.2.3. Product Portfolio
13.2.4. Financials (Data as available in public domain and/or on paid databases)
13.2.5. Recent Developments
13.3. Covestro AG (Leverkusen, Germany)
13.3.1. Overview
13.3.2. Description
13.3.3. Product Portfolio
13.3.4. Financials (Data as available in public domain and/or on paid databases)
13.3.5. Recent Developments
13.4. INEOS (London, UK)
13.4.1. Overview
13.4.2. Description
13.4.3. Product Portfolio
13.4.4. Financials (Data as available in public domain and/or on paid databases)
13.4.5. Recent Developments
13.5. SABIC (Riyadh, Saudi Arabia)
13.5.1. Overview
13.5.2. Description
13.5.3. Product Portfolio
13.5.4. Financials (Data as available in public domain and/or on paid databases)
13.5.5. Recent Developments
13.6. LG Chemicals (Seoul, South Korea)
13.6.1. Overview
13.6.2. Description
13.6.3. Product Portfolio
13.6.4. Financials (Data as available in public domain and/or on paid databases)
13.6.5. Recent Developments
13.7. Chi Mei Corporation (Tainan City, Taiwan)
13.7.1. Overview
13.7.2. Description
13.7.3. Product Portfolio
13.7.4. Financials (Data as available in public domain and/or on paid databases)
13.7.5. Recent Developments
13.8. Asahi Kasei Corp. (Tokyo, Japan)
13.8.1. Overview
13.8.2. Description
13.8.3. Product Portfolio
13.8.4. Financials (Data as available in public domain and/or on paid databases)
13.8.5. Recent Developments
13.9. KUMHO PETROCHEMICAL (Seoul, South Korea)
13.9.1. Overview
13.9.2. Description
13.9.3. Product Portfolio
13.9.4. Financials (Data as available in public domain and/or on paid databases)
13.9.5. Recent Developments
13.10. Formosa Chemicals & Fibre Corp (Tainan City, Taiwan)
13.10.1. Overview
13.10.2. Description
13.10.3. Product Portfolio
13.10.4. Financials (Data as available in public domain and/or on paid databases)
13.10.5. Recent Developments
13.11. Other Key Players
13.11.1. Overview
13.11.2. Description
13.11.3. Product Portfolio
13.11.4. Financials (Data as available in public domain and/or on paid databases)
13.11.5. Recent Developments
14. Appendix

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