The Global Acrylonitrile Butadiene Styrene Market Size accounted for USD 21.2 Billion in 2022 and is estimated to achieve a market size of USD 33.1 Billion by 2032 growing at a CAGR of 4.8% from 2023 to 2032. The growing demand for lightweight and fuel-efficient automobiles is driving the acrylonitrile butadiene styrene (ABS) market growth. Furthermore, ABS is utilized in the manufacture of electronic goods and appliances, which is predicted to boost the acrylonitrile butadiene styrene (ABS) market value in the coming years.
Acrylonitrile Butadiene Styrene Market Report Highlights
- Global acrylonitrile butadiene styrene market revenue is predicted to increase by USD 33.1 Billion by 2032, with a 4.8% CAGR from 2023 to 2032
- According to a study, the Asia-Pacific ABS demand stood at 11 Million tons in 2020
- Asia-Pacific region led with more than 32% of acrylonitrile butadiene styrene market share in 2022
- By application, the appliances segment has accounted market share of over 25% in 2022
- By type, the opaque segment captured the majority of the market
- LG Chem is one of the largest producers of ABS in South Korea and offer a wide range of ABS products for different industries such as automotive, electrical and electronics, and construction
- Development of new technologies for recycling and repurposing ABS waste, drives the acrylonitrile butadiene styrene market size
Acrylonitrile butadiene styrene has a chemical formula of (C8H8)x•(C4H6)y•(C3H3N)z and is a popular thermoplastic. The glass transition temperature of acrylonitrile butadiene styrene is around 105°C. Since acrylonitrile butadiene styrene is amorphous. Acrylonitrile butadiene styrene is a terpolymer and is manufactured by the polymerization of acrylonitrile and styrene in the occurrence of polybutadiene. Moreover, the proportions of the aforementioned chemicals may vary from 5% to 30% butadiene, 40% to 60% styrene, and 15% to 35% acrylonitrile. The resulting product is a long chain of crisscrossed polybutadiene with short chains of poly(styrene-co-acrylonitrile). The nitrile groups are polar and thus attract each other to bind the above-mentioned chains, making acrylonitrile butadiene styrene stronger as compared to pure polystyrene. The styrene present in the acrylonitrile butadiene styrene provides an impervious and shiny surface. Polybutadiene is a rubber-like substance that provides toughness at low temperatures.
Acrylonitrile Butadiene Styrene Market Trends
Market Drivers
- Growing demand for ABS in the automotive industry
- Increasing use of ABS in the construction industry
- Rising demand for ABS in the consumer goods industry
Market Restraints
- Volatility in the prices of raw materials
- Stringent government regulations
Market Opportunities
- Development of new technologies for recycling and repurposing ABS waste
- Expansion of ABS applications in the healthcare and medical device industry
Acrylonitrile Butadiene Styrene Market Report Coverage
Market |
Acrylonitrile Butadiene Styrene Market |
Acrylonitrile Butadiene Styrene Market Size 2022 |
USD 21.2 Billion |
Acrylonitrile Butadiene Styrene Market Forecast 2032 |
USD 33.1 Billion |
Acrylonitrile Butadiene Styrene Market CAGR During 2023 - 2032 |
4.8% |
Acrylonitrile Butadiene Styrene Market Analysis Period |
2018 - 2032 |
Base Year |
2022 |
Forecast Data |
2023 - 2032 |
Segments Covered |
By Type, By Application, And By Geography
|
Regional Scope |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Key Companies Profiled |
LG Chemicals, BASF SE, Asahi Kasei Corporation, KUMHO PETROCHEMICAL, CHIMEI, SABIC, Formosa Plastics Corporation, INEOS Styrolution Group GmbH, DuPont, and Trinseo.
|
Report Coverage
|
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis |
ABS Market Dynamics
Acrylonitrile butadiene styrene is a well-known thermoplastic and offers superior properties such as impact and chemical resistance, processing versatility, and superlative balance of heat. It finds applications in a variety of processes in the transportation, construction, electronics, appliances, and pharmaceutical sectors. Rapid growths in the automotive and construction industry as well as rapid industrialization are some factors driving the market growth over the forecast period. Due to the vast number of market players and increased competition, consumers are projected to gain tremendous benefits. Acrylonitrile butadiene styrene can be produced by the process of polymerization including emulsion, mass process, and suspension. Suspension and emulsion are the most preferred methods, however, the mass process has earned a significant role owing to the feasible polymerization along with the ease of handling. The mass process of manufacturing acrylonitrile butadiene styrene involves the polymerization of acrylonitrile and styrene in the presence of styrene butadiene rubber, polybutadiene and nitrile butadiene rubber in the monomer phase.
The growth of the automotive sector coupled with increasing demand for lightweight yet tough plastics in automobiles is a key factor driving the demand for ABS market size. Moreover, the rapid growth of the Chinese chemical industry has fueled the demand for engineering plastics, and in turn, is accelerating the growth of the overall market. The rising importance of lightweight materials to achieve better fuel efficiency is anticipated to fuel the growth of the market. Improvements in Corporate Average Fuel Economy standards have encouraged automobile manufacturers to opt for new materials with lighter weights in order to increase fuel efficiency. This is acting as a key factor in the growth of the ABS market.
Market Segmentation
The global acrylonitrile butadiene styrene market segmentation is based on type, application, and geography.
ABS Market By Type
- Opaque
- Colored
- Transparent
According to the acrylonitrile butadiene styrene industry data, the opaque sector held the greatest market share in 2021. This growth is primarily driven by rising demand for ABS in a variety of end-use industries, including automotive, construction, consumer products, and healthcare. ABS is a thermoplastic polymer that is known for its high-impact strength, good dimensional stability, and excellent surface finish. It is widely used in the production of lightweight and high-performance vehicles, window frames, pipes, electrical appliances, toys, household appliances, and electronic devices.
ABS Market By Application
- Construction
- Appliances
- Consumer Goods
- Automotive
- Electrical and Electronics
- Others
According to the acrylonitrile butadiene styrene market forecast, the appliance segment is projected to grow significantly in the market over the next few years. The increasing demand for ABS in the production of household goods such as refrigerators, washing machines, air conditioners, and microwave ovens is driving this growth. ABS is widely used in the production of appliances due to its high impact strength, good dimensional stability, and excellent surface finish. ABS is used in the production of appliances in various forms such as sheets, pipes, and injection-molded parts. It is commonly used in the production of the outer shells of appliances, as well as internal components such as door handles, knobs, and control panels. ABS is also used in the production of refrigerator liners, washing machine drums, and air conditioner casings.
Acrylonitrile Butadiene Styrene Market Regional Outlook
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- India
- Japan
- China
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
The Middle East & Africa
- South Africa
- GCC Countries
- Rest of the Middle East & Africa (ME&A)
Geographically, Asia-Pacific region is currently dominating the acrylonitrile butadiene styrene (ABS) market. This is primarily due to the increasing demand for ABS in various end-use industries, such as automotive, construction, and electronics, in countries such as China, India, and Japan. Additionally, the region's growing population and rising disposable income levels are also contributing to the growth of the ABS market in Asia-Pacific. The region is also witnessing significant investments in the expansion of the production capacities of ABS manufacturers, which is further boosting market growth. Furthermore, the growing adoption of ABS in the construction industry, particularly in China and India, is also projected to drive market growth in the region. The automotive industry is also a major contributor to the growth of the ABS market in Asia-Pacific. The increasing demand for lightweight and fuel-efficient vehicles is leading to the increased use of ABS in the automotive industry in the region.
Acrylonitrile Butadiene Styrene Market Players
Some of the top acrylonitrile butadiene styrene market companies offered in the professional report include LG Chemicals, BASF SE, Asahi Kasei Corporation, KUMHO PETROCHEMICAL, CHIMEI, SABIC, Formosa Plastics Corporation, INEOS Styrolution Group GmbH, DuPont, and Trinseo.
CHAPTER 1. Industry Overview of Acrylonitrile Butadiene Styrene Market
1.1. Definition and Scope
1.1.1. Definition of Acrylonitrile Butadiene Styrene
1.1.2. Market Segmentation
1.1.3. Years Considered for the Study
1.1.4. Assumptions and Acronyms Used
1.1.4.1. Market Assumptions and Market Forecast
1.1.4.2. Acronyms Used in Global Acrylonitrile Butadiene Styrene Market
1.2. Summary
1.2.1. Executive Summary
1.2.2. Acrylonitrile Butadiene Styrene Market By Type
1.2.3. Acrylonitrile Butadiene Styrene Market By Application
1.2.4. Acrylonitrile Butadiene Styrene Market By Region
CHAPTER 2. Research Approach
2.1. Methodology
2.1.1. Research Programs
2.1.2. Market Size Estimation
2.1.3. Market Breakdown and Data Triangulation
2.2. Data Application
2.2.1. Secondary Source
2.2.2. Primary Source
CHAPTER 3. Market Dynamics And Competition Analysis
3.1. Market Drivers
3.1.1. Driver 1
3.1.2. Driver 2
3.2. Restraints and Challenges
3.2.1. Restraint 1
3.2.2. Restraint 2
3.3. Growth Opportunities
3.3.1. Opportunity 1
3.3.2. Opportunity 2
3.4. Porter’s Five Forces Analysis
3.4.1. Bargaining Power of Suppliers
3.4.2. Bargaining Power of Buyers
3.4.3. Threat of Substitute
3.4.4. Threat of New Entrants
3.4.5. Degree of Competition
3.5. Market Concentration Ratio and Market Maturity Analysis of Acrylonitrile Butadiene Styrene Market
3.5.1. Go To Market Strategy
3.5.1.1. Introduction
3.5.1.2. Growth
3.5.1.3. Maturity
3.5.1.4. Saturation
3.5.1.5. Possible Development
3.6. Technological Roadmap for Acrylonitrile Butadiene Styrene Market
3.7. Value Chain Analysis
3.7.1. List of Key Manufacturers
3.7.2. List of Customers
3.7.3. Level of Integration
3.8. Price Trend of Key Raw Materials
3.8.1. Raw Material Suppliers
3.8.2. Proportion of Manufacturing Cost Structure
3.8.2.1. Raw Material
3.8.2.2. Labor Cost
3.8.2.3. Manufacturing Expense
3.9. Regulatory Compliance
3.10. Competitive Landscape, 2022
3.10.1. Player Positioning Analysis
3.10.2. Key Strategies Adopted By Leading Players
CHAPTER 4. Manufacturing Plant Analysis
4.1. Manufacturing Plant Location and Establish Date of Major Manufacturers in 2022
4.2. R&D Status of Major Manufacturers in 2022
CHAPTER 5. Acrylonitrile Butadiene Styrene Market By Type
5.1. Introduction
5.2. Acrylonitrile Butadiene Styrene Revenue By Type
5.2.1. Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast, By Type, 2018-2032
5.2.2. Opaque
5.2.2.1. Opaque Market Revenue (USD Billion) and Growth Rate (%), 2018-2032
5.2.3. Colored
5.2.3.1. Colored Market Revenue (USD Billion) and Growth Rate (%), 2018-2032
5.2.4. Transparent
5.2.4.1. Transparent Market Revenue (USD Billion) and Growth Rate (%), 2018-2032
CHAPTER 6. Acrylonitrile Butadiene Styrene Market By Application
6.1. Introduction
6.2. Acrylonitrile Butadiene Styrene Revenue By Application
6.2.1. Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast, By Application, 2018-2032
6.2.2. Construction
6.2.2.1. Construction Market Revenue (USD Billion) and Growth Rate (%), 2018-2032
6.2.3. Appliances
6.2.3.1. Appliances Market Revenue (USD Billion) and Growth Rate (%), 2018-2032
6.2.4. Consumer Goods
6.2.4.1. Consumer Goods Market Revenue (USD Billion) and Growth Rate (%), 2018-2032
6.2.5. Automotive
6.2.5.1. Automotive Market Revenue (USD Billion) and Growth Rate (%), 2018-2032
6.2.6. Electrical and Electronics
6.2.6.1. Electrical and Electronics Market Revenue (USD Billion) and Growth Rate (%), 2018-2032
6.2.7. Others
6.2.7.1. Others Market Revenue (USD Billion) and Growth Rate (%), 2018-2032
CHAPTER 7. North America Acrylonitrile Butadiene Styrene Market By Country
7.1. North America Acrylonitrile Butadiene Styrene Market Overview
7.2. U.S.
7.2.1. U.S. Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
7.2.2. U.S. Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
7.3. Canada
7.3.1. Canada Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
7.3.2. Canada Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
7.4. North America PEST Analysis
CHAPTER 8. Europe Acrylonitrile Butadiene Styrene Market By Country
8.1. Europe Acrylonitrile Butadiene Styrene Market Overview
8.2. U.K.
8.2.1. U.K. Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
8.2.2. U.K. Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
8.3. Germany
8.3.1. Germany Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
8.3.2. Germany Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
8.4. France
8.4.1. France Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
8.4.2. France Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
8.5. Spain
8.5.1. Spain Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
8.5.2. Spain Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
8.6. Rest of Europe
8.6.1. Rest of Europe Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
8.6.2. Rest of Europe Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
8.7. Europe PEST Analysis
CHAPTER 9. Asia Pacific Acrylonitrile Butadiene Styrene Market By Country
9.1. Asia Pacific Acrylonitrile Butadiene Styrene Market Overview
9.2. China
9.2.1. China Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
9.2.2. China Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
9.3. Japan
9.3.1. Japan Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
9.3.2. Japan Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
9.4. India
9.4.1. India Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
9.4.2. India Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
9.5. Australia
9.5.1. Australia Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
9.5.2. Australia Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
9.6. South Korea
9.6.1. South Korea Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
9.6.2. South Korea Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
9.7. Rest of Asia-Pacific
9.7.1. Rest of Asia-Pacific Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
9.7.2. Rest of Asia-Pacific Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
9.8. Asia Pacific PEST Analysis
CHAPTER 10. Latin America Acrylonitrile Butadiene Styrene Market By Country
10.1. Latin America Acrylonitrile Butadiene Styrene Market Overview
10.2. Brazil
10.2.1. Brazil Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
10.2.2. Brazil Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
10.3. Mexico
10.3.1. Mexico Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
10.3.2. Mexico Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
10.4. Rest of Latin America
10.4.1. Rest of Latin America Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
10.4.2. Rest of Latin America Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
10.5. Latin America PEST Analysis
CHAPTER 11. Middle East & Africa Acrylonitrile Butadiene Styrene Market By Country
11.1. Middle East & Africa Acrylonitrile Butadiene Styrene Market Overview
11.2. GCC
11.2.1. GCC Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
11.2.2. GCC Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
11.3. South Africa
11.3.1. South Africa Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
11.3.2. South Africa Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
11.4. Rest of Middle East & Africa
11.4.1. Rest of Middle East & Africa Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Type, 2018-2032
11.4.2. Rest of Middle East & Africa Acrylonitrile Butadiene Styrene Revenue (USD Billion) and Forecast By Application, 2018-2032
11.5. Middle East & Africa PEST Analysis
CHAPTER 12. Player Analysis Of Acrylonitrile Butadiene Styrene Market
12.1. Acrylonitrile Butadiene Styrene Market Company Share Analysis
12.2. Competition Matrix
12.2.1. Competitive Benchmarking Of Key Players By Price, Presence, Market Share, And R&D Investment
12.2.2. New Product Launches and Product Enhancements
12.2.3. Mergers And Acquisition In Global Acrylonitrile Butadiene Styrene Market
12.2.4. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements
CHAPTER 13. Company Profile
13.1. LG Chemicals
13.1.1. Company Snapshot
13.1.2. Business Overview
13.1.3. Financial Overview
13.1.3.1. Revenue (USD Billion), 2022
13.1.3.2. LG Chemicals 2022 Acrylonitrile Butadiene Styrene Business Regional Distribution
13.1.4. Product /Service and Specification
13.1.5. Recent Developments & Business Strategy
13.2. BASF SE
13.3. Asahi Kasei Corporation
13.4. KUMHO PETROCHEMICAL
13.5. CHIMEI
13.6. SABIC
13.7. Formosa Plastics Corporation
13.8. INEOS Styrolution Group GmbH
13.9. DuPont
13.10. Trinseo