Global Acrylonitrile Butadiene Styrene (ABS) Market 2019-2023

Global Acrylonitrile Butadiene Styrene (ABS) Market 2019-2023

About this market

The demand for ABS from China is expected to increase during the forecast period as many OEMs are shifting their manufacturing bases to the country because of the easy availability of land and raw materials, inexpensive labor, and lenient government regulations and policies on the use of ABS as a polymer in industries such as electrical and electronics, appliances, construction, automotive and others. Some of the major end-user industries of ABS are the appliances, electrical and electronics, construction. and automotive. Increasing disposable income and demand for consumer goods and household appliances will significantly increase the consumption of ABS in China. Technavio’s analysts have predicted that the acrylonitrile butadiene styrene (ABS) market will register a CAGR of almost 6% by 2023.

Market Overview

Rising demand for ABS from the automotive sector

ABS is primarily used for manufacturing components of automobiles such as instrument panels, pillar trim, dashboard components, door liners and handles, seat backs, seat belt components, and others. Currently, the automotive industry is the largest consumer of ABS It is one of the materials that can be used as a substitute for metal components.

Fluctuating crude oil prices

ABS is manufactured by the polymerization of acrylonitrile and styrene polymers in the presence of polybutadiene rubber. Styrene, butadiene, and acrylonitrile are the raw materials that are derived from crude oil. Therefore, fluctuations in raw material prices directly impact the global prices of ABS. Price fluctuations can negatively impact the prices of polymers and their applications.

For the detailed list of factors that will drive and challenge the growth of the acrylonitrile butadiene styrene (ABS) market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be highly fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Acrylonitrile Butadiene Styrene (ABS) Market 2019-2023

Technavio recognizes the following companies as the key players in the global acrylonitrile butadiene styrene (ABS) market: Asahi Kasei, BASF, JSR, Mitsui Chemicals, SABIC, TORAY INDUSTRIES.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the product innovation is estimated to boost the demand for ABS during our forecast period.”

According to the report, one of the major drivers for this market is the rising demand for ABS from the automotive sector.

Further, the report states that one of the major factors hindering the growth of this market is the health hazards caused by acrylonitrile can reduce the adoption of ABS during our forecast period.

Companies Mentioned

Asahi Kasei

BASF

JSR

Mitsui Chemicals

SABIC

TORAY INDUSTRIES

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global polymer market
      • Table Segments of global polymer market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 (thousand t)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Appliances - Market size and forecast 2018-2023
      • Table Appliances - Market size and forecast 2018-2023 (thousand t)
      • Table Appliances - Year-over-year growth 2019-2023 (%)
    • Electrical and electronics - Market size and forecast 2018- 2023
      • Table Electrical and electronics - Market size and forecast 2018-2023 (thousand t)
      • Table Electrical and electronics - Year-over-year growth 2019-2023 (%)
    • Automotive - Market size and forecast 2018-2023
      • Table Automotive - Market size and forecast 2018-2023 (thousand t)
      • Table Automotive - Year-over-year growth 2019-2023 (%)
    • Construction - Market size and forecast 2018-2023
      • Table Construction - Market size and forecast 2018-2023 (thousand t)
      • Table Construction - Year-over-year growth 2019-2023 (%)
    • Others - Market size and forecast 2018-2023
      • Table Others - Market size and forecast 2018-2023 (thousand t)
      • Table Others - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 (thousand t)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 (thousand t)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 (thousand t)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 (thousand t)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 (thousand t)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global automobile production 2017-2022 (million units)
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Technological advancements and product innovations
    • Development of alternatives to ABS
    • Recycling of ABS plastics
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Asahi Kasei
      • Table Asahi Kasei - Vendor overview
      • Table Asahi Kasei - Business segments
      • Table Asahi Kasei - Organizational developments
      • Table Asahi Kasei - Geographic focus
      • Table Asahi Kasei - Segment focus
      • Table Asahi Kasei - Key offerings
    • BASF
      • Table BASF - Vendor overview
      • Table BASF - Product segments
      • Table BASF - Organizational developments
      • Table BASF - Geographic focus
      • Table BASF - Segment focus
      • Table BASF - Key offerings
    • JSR
      • Table JSR - Vendor overview
      • Table JSR - Business segments
      • Table JSR - Organizational developments
      • Table JSR - Geographic focus
      • Table JSR - Segment focus
      • Table JSR - Key offerings
    • Mitsui Chemicals
      • Table Mitsui Chemicals - Vendor overview
      • Table Mitsui Chemicals - Business segments
      • Table Mitsui Chemicals - Organizational developments
      • Table Mitsui Chemicals - Geographic focus
      • Table Mitsui Chemicals - Segment focus
      • Table Mitsui Chemicals - Key offerings
    • SABIC
      • Table SABIC - Vendor overview
      • Table SABIC - Business segments
      • Table SABIC - Organizational developments
      • Table SABIC - Geographic focus
      • Table SABIC - Segment focus
      • Table SABIC - Key offerings
    • TORAY INDUSTRIES
      • Table TORAY INDUSTRIES - Vendor overview
      • Table TORAY INDUSTRIES - Business segments
      • Table TORAY INDUSTRIES - Organizational developments
      • Table TORAY INDUSTRIES - Geographic focus
      • Table TORAY INDUSTRIES - Segment focus
      • Table TORAY INDUSTRIES - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook