Acrylonitrile Butadiene Styrene Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2019-2029, Segmented By Type ; By Process Type ; By Application ; By Region

Description

Global Acrylonitrile Butadiene Styrene (ABS) Market Size Set to Grow at Significant CAGR of 6.92%, Reaching USD 39.18 Billion by 2029

Global Acrylonitrile Butadiene Styrene (ABS) Market is flourishing due to an increasing demand for ABS in the automotive and electronics industries, driven by ABS's lightweight, durability, and versatile properties.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Global Acrylonitrile Butadiene Styrene (ABS) Market size at USD 26.22 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Global Acrylonitrile Butadiene Styrene (ABS) Market size to grow at a CAGR of 6.92% reaching a value of USD 39.18 billion by 2029. Global Acrylonitrile Butadiene Styrene (ABS) Market is propelled by an increasing demand from diverse industries such as automotive, electronics, and construction due to ABS's exceptional properties like high impact resistance and thermal stability. The automotive sector, in particular, relies on ABS for manufacturing lightweight and durable components. Also, the burgeoning electronics industry, driven by consumer goods and appliances, contributes to the growth of Global ABS Market. Technological advancements, product innovations, and a growing emphasis on sustainable and eco-friendly materials further fuel the demand for ABS.

Opportunity - Surging demand for ABS in consumer electronics

As consumer electronics sector continues to thrive across the world, the Acrylonitrile Butadiene Styrene (ABS) sector is experiencing a remarkable upswing. The rising demand for ABS, a versatile thermoplastic polymer renowned for its durability and heat resistance, is linked to the burgeoning consumer electronics industry. With an increasing preference for ABS in manufacturing electronic components and casings, players in the ABS market poised to capitalize on the trend. The surging demand for ABS from the global consumer electronics market presents an excellent opportunity for participants in the ABS market to align their strategies with the soaring requirements of consumer electronics, paving the way for unprecedented growth and market prominence.

Impact of Escalating Geopolitical Tensions on Global Acrylonitrile Butadiene Styrene (ABS) Market

Escalating geopolitical tensions, notably the Russia-Ukraine war, have significantly impacted the Global Acrylonitrile Butadiene Styrene (ABS) market. Supply chain disruptions, heightened uncertainty, and increased production costs due to geopolitical instability have led to fluctuations in ABS prices. The conflict's ripple effects, such as trade restrictions and sanctions, further strain the ABS market, influencing raw material availability and distribution networks. Investors and manufacturers grapple with heightened risks, affecting long-term investment decisions. As geopolitical tensions persist, the ABS market faces ongoing challenges, necessitating adaptive strategies and risk mitigation measures for stakeholders across the supply chain.

Global Acrylonitrile Butadiene Styrene (ABS) Market - By Application

By application, Global Acrylonitrile Butadiene Styrene (ABS) Market is divided into Automotive and Transportation, Construction, Electronics, Consumer Goods, and Appliances segments. The automotive and transportation application segment accounts for the largest share. The segment is driven by the widespread use of ABS in automotive components, owing to its durability and impact resistance. While construction, electronics, and consumer goods segments also contribute significantly to the growth of Global ABS Market, the automotive and transportation segment stands out as the primary driver of ABS market demand, reflecting its crucial role in enhancing the performance and safety of various automotive applications.

Competitive Landscape

Global Acrylonitrile Butadiene Styrene (ABS) Market is fiercely competitive. Major companies in the market include LG Chem Ltd, ChiMei Corporation, INEOS Styrolution, PetroChina Co Ltd, Formosa Chemicals & Fibre Corporation, SABIC, Toray Industries Inc., Lotte Chemical, Versalis, Kumho Petrochemical, BASF SE, Trinseo, Techno UMG Ltd, and Ravago Manufacturing. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the Global Acrylonitrile Butadiene Styrene (ABS) Market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Acrylonitrile Butadiene Styrene (ABS) Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technology trends in Global Acrylonitrile Butadiene Styrene (ABS) Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC231034

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Acrylonitrile Butadiene Styrene (ABS) Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Increasing demand for lightweight materials in various industries
  - 3.2.1.2. Expanding automotive industry
- 3.2.2. Restraints
  - 3.2.2.1. Fluctuating raw material prices
  - 3.2.2.2. Competition from alternatives
- 3.2.3. Opportunities
  - 3.2.3.1. Innovative applications in emerging fields, such as 3D printing
  - 3.2.3.2. Rising demand in consumer electronics
- 3.2.4. Challenges
  - 3.2.4.1. Technological advancements
  - 3.2.4.2. Market competition
3.3. Technological Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Acrylonitrile Butadiene Styrene (ABS) Market Overview

4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Billion)
4.2. Market Share and Forecast
- 4.2.1. By Type
  - 4.2.1.1. Opaque
  - 4.2.1.2. Transparent
  - 4.2.1.3. Colored
- 4.2.2. By Process Type
  - 4.2.2.1. Injection Blow Molding
  - 4.2.2.2. Extrusion Blow Molding
  - 4.2.2.3. Injection Stretch Blow Molding
- 4.2.3. By Application
  - 4.2.3.1. Automotive & Transportation
  - 4.2.3.2. Construction
  - 4.2.3.3. Electronics
  - 4.2.3.4. Consumer Goods & Appliances
  - 4.2.3.5. Others
- 4.2.4. By Region
  - 4.2.4.1. North America
  - 4.2.4.2. Europe
  - 4.2.4.3. Asia Pacific (APAC)
  - 4.2.4.4. Latin America (LATAM)
  - 4.2.4.5. Middle East and Africa (MEA)

5. North America Acrylonitrile Butadiene Styrene (ABS) Market

5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Billion)
5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Process Type
- 5.2.3. By Application
- 5.2.4. By Country
  - 5.2.4.1. United States
  - 5.2.4.1.1. By Type
  - 5.2.4.1.2. By Process Type
  - 5.2.4.1.3. By Application
  - 5.2.4.2. Canada
  - 5.2.4.2.1. By Type
  - 5.2.4.2.2. By Process Type
  - 5.2.4.2.3. By Application

6. Europe Acrylonitrile Butadiene Styrene (ABS) Market

6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Billion)
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Process Type
- 6.2.3. By Application
- 6.2.4. By Country
  - 6.2.4.1. Germany
  - 6.2.4.1.1. By Type
  - 6.2.4.1.2. By Process Type
  - 6.2.4.1.3. By Application
  - 6.2.4.2. United Kingdom
  - 6.2.4.2.1. By Type
  - 6.2.4.2.2. By Process Type
  - 6.2.4.2.3. By Application
  - 6.2.4.3. Italy
  - 6.2.4.3.1. By Type
  - 6.2.4.3.2. By Process Type
  - 6.2.4.3.3. By Application
  - 6.2.4.4. France
  - 6.2.4.4.1. By Type
  - 6.2.4.4.2. By Process Type
  - 6.2.4.4.3. By Application
  - 6.2.4.5. Spain
  - 6.2.4.5.1. By Type
  - 6.2.4.5.2. By Process Type
  - 6.2.4.5.3. By Application
  - 6.2.4.6. Belgium
  - 6.2.4.6.1. By Type
  - 6.2.4.6.2. By Process Type
  - 6.2.4.6.3. By Application
  - 6.2.4.7. Russia
  - 6.2.4.7.1. By Type
  - 6.2.4.7.2. By Process Type
  - 6.2.4.7.3. By Application
  - 6.2.4.8. The Netherlands
  - 6.2.4.8.1. By Type
  - 6.2.4.8.2. By Process Type
  - 6.2.4.8.3. By Application
  - 6.2.4.9. Rest of Europe
  - 6.2.4.9.1. By Type
  - 6.2.4.9.2. By Process Type
  - 6.2.4.9.3. By Application

7. Asia Pacific Acrylonitrile Butadiene Styrene (ABS) Market

7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Billion)
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Process Type
- 7.2.3. By Application
- 7.2.4. By Country
  - 7.2.4.1. China
  - 7.2.4.1.1. By Type
  - 7.2.4.1.2. By Process Type
  - 7.2.4.1.3. By Application
  - 7.2.4.2. India
  - 7.2.4.2.1. By Type
  - 7.2.4.2.2. By Process Type
  - 7.2.4.2.3. By Application
  - 7.2.4.3. Japan
  - 7.2.4.3.1. By Type
  - 7.2.4.3.2. By Process Type
  - 7.2.4.3.3. By Application
  - 7.2.4.4. South Korea
  - 7.2.4.4.1. By Type
  - 7.2.4.4.2. By Process Type
  - 7.2.4.4.3. By Application
  - 7.2.4.5. Australia & New Zealand
  - 7.2.4.5.1. By Type
  - 7.2.4.5.2. By Process Type
  - 7.2.4.5.3. By Application
  - 7.2.4.6. Indonesia
  - 7.2.4.6.1. By Type
  - 7.2.4.6.2. By Process Type
  - 7.2.4.6.3. By Application
  - 7.2.4.7. Malaysia
  - 7.2.4.7.1. By Type
  - 7.2.4.7.2. By Process Type
  - 7.2.4.7.3. By Application
  - 7.2.4.8. Singapore
  - 7.2.4.8.1. By Type
  - 7.2.4.8.2. By Process Type
  - 7.2.4.8.3. By Application
  - 7.2.4.9. Vietnam
  - 7.2.4.9.1. By Type
  - 7.2.4.9.2. By Process Type
  - 7.2.4.9.3. By Application
  - 7.2.4.10. Rest of APAC
  - 7.2.4.10.1. By Type
  - 7.2.4.10.2. By Process Type
  - 7.2.4.10.3. By Application

8. Latin America Acrylonitrile Butadiene Styrene (ABS) Market

8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Billion)
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Process Type
- 8.2.3. By Application
- 8.2.4. By Country
  - 8.2.4.1. Brazil
  - 8.2.4.1.1. By Type
  - 8.2.4.1.2. By Process Type
  - 8.2.4.1.3. By Application
  - 8.2.4.2. Mexico
  - 8.2.4.2.1. By Type
  - 8.2.4.2.2. By Process Type
  - 8.2.4.2.3. By Application
  - 8.2.4.3. Argentina
  - 8.2.4.3.1. By Type
  - 8.2.4.3.2. By Process Type
  - 8.2.4.3.3. By Application
  - 8.2.4.4. Peru
  - 8.2.4.4.1. By Type
  - 8.2.4.4.2. By Process Type
  - 8.2.4.4.3. By Application
  - 8.2.4.5. Rest of LATAM
  - 8.2.4.5.1. By Type
  - 8.2.4.5.2. By Process Type
  - 8.2.4.5.3. By Application

9. Middle East & Africa Acrylonitrile Butadiene Styrene (ABS) Market

9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Billion)
9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By Process Type
- 9.2.3. By Application
- 9.2.4. By Country
  - 9.2.4.1. Saudi Arabia
  - 9.2.4.1.1. By Type
  - 9.2.4.1.2. By Process Type
  - 9.2.4.1.3. By Application
  - 9.2.4.2. UAE
  - 9.2.4.2.1. By Type
  - 9.2.4.2.2. By Process Type
  - 9.2.4.2.3. By Application
  - 9.2.4.3. Qatar
  - 9.2.4.3.1. By Type
  - 9.2.4.3.2. By Process Type
  - 9.2.4.3.3. By Application
  - 9.2.4.4. Kuwait
  - 9.2.4.4.1. By Type
  - 9.2.4.4.2. By Process Type
  - 9.2.4.4.3. By Application
  - 9.2.4.5. South Africa
  - 9.2.4.5.1. By Type
  - 9.2.4.5.2. By Process Type
  - 9.2.4.5.3. By Application
  - 9.2.4.6. Nigeria
  - 9.2.4.6.1. By Type
  - 9.2.4.6.2. By Process Type
  - 9.2.4.6.3. By Application
  - 9.2.4.7. Algeria
  - 9.2.4.7.1. By Type
  - 9.2.4.7.2. By Process Type
  - 9.2.4.7.3. By Application
  - 9.2.4.8. Rest of MEA
  - 9.2.4.8.1. By Type
  - 9.2.4.8.2. By Process Type
  - 9.2.4.8.3. By Application

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global Acrylonitrile Butadiene Styrene (ABS) Market Share Analysis, 2022
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

11. Impact of Escalating Geopolitical Tensions on Global Acrylonitrile Butadiene Styrene (ABS) Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

12.1. LG Chem Ltd
12.2. ChiMei Corporation
12.3. INEOS Styrolution
12.4. Petrochina Co Ltd
12.5. Formosa Chemicals & Fibre Corporation
12.6. SABIC
12.7. Toray Industries Inc.
12.8. Lotte Chemical
12.9. Versalis
12.10. Kumho Petrochemical
12.11. BASF SE
12.12. Trinseo
12.13. Techno UMG Ltd
12.14. Ravago Manufacturing
12.15. Other Prominent Players

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations