Acrylonitrile Butadiene Styrene Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2031

Description

Persistence Market Research has recently released a comprehensive report on the global Acrylonitrile Butadiene Styrene (ABS) Market. The report provides a detailed analysis of essential market dynamics, covering drivers, trends, opportunities, and challenges to offer valuable insights into the market's structural aspects. This report presents exclusive data and statistics on the anticipated growth trajectory of the global ABS market from 2024 to 2031.

Key Insights:

ABS Market Size (2024E): US$ 27.85 Bn
Projected Market Value (2031F): US$ 44.42 Bn
Global Market Growth Rate (CAGR 2024 to 2031): 6.9%

ABS Market - Report Scope:

Acrylonitrile Butadiene Styrene is a versatile thermoplastic polymer extensively used in automotive, electronics, consumer goods, and construction industries due to its high strength, impact resistance, and durability. The market caters to a diverse range of industries by providing ABS in multiple grades tailored for specific applications. The growth of the ABS market is driven by the increasing demand for lightweight, durable, and cost-effective materials across various sectors, coupled with advancements in injection molding and 3D printing technologies.

Market Growth Drivers:

The global ABS market is supported by several critical factors, including rising demand in the automotive and electronics sectors, where ABS is valued for its performance in high-stress applications. In the automotive industry, the need for lightweight materials to enhance fuel efficiency is boosting ABS adoption. Additionally, the increasing popularity of consumer electronics, such as laptops, smartphones, and home appliances, is driving demand due to ABS's durability and aesthetic finish. Technological innovations in ABS formulations, aimed at improving impact resistance and heat stability, further accelerate market growth.

Market Restraints:

The ABS market faces challenges primarily related to raw material price volatility and environmental concerns regarding plastic waste. The production of ABS involves petroleum-based raw materials, making it susceptible to fluctuations in oil prices. Furthermore, stringent environmental regulations and growing consumer preference for sustainable alternatives, such as bio-based plastics, pose competitive pressure on ABS manufacturers.

Market Opportunities:

The ABS market presents significant growth opportunities stemming from sustainable product innovations and the shift towards electric vehicles (EVs). The expansion of the EV sector offers new applications for ABS in lightweight components, enhancing battery efficiency and vehicle performance. Additionally, growing infrastructure development in emerging economies is driving ABS demand in construction materials. Partnerships, investments in recycling initiatives, and the development of bio-based ABS variants are essential strategies for capturing emerging opportunities and maintaining a competitive edge.

Key Questions Answered in the Report:

What are the primary drivers of growth in the global ABS market?
Which industries and applications are driving the adoption of ABS?
How are technological advancements impacting the competitive landscape of the ABS market?
Who are the leading players in the ABS market, and what strategies do they employ to stay relevant?
What are the emerging trends and future prospects for the ABS market?

Competitive Intelligence and Business Strategy:

Leading players in the global ABS market, such as LG Chem, INEOS Styrolution Group, and Trinseo, focus on product innovation, sustainability, and strategic partnerships to maintain their market position. These companies invest in R&D to develop ABS formulations with enhanced durability and environmental compliance, catering to evolving market demands. Collaborations with automotive and electronics manufacturers further promote technology adoption and expand market reach. Emphasis on sustainability, quality, and customer-centric solutions continues to drive growth and strengthen relationships within the competitive ABS market landscape.

Key Companies Profiled:

LG Chemicals
Asahi Kasei Corporation
Formosa Plastics Corporation
KUMHO PETROCHEMICAL
SABIC
Trinseo
INEOS Styrolution Group GmbH
BASF SE
DuPont
Chi Mei Corporation
Covestro AG
Versalis

Market Segmentation

By Type

Opaque
Transparent
Colored

By Grade

High Impact
Heat Resistant
Flame Retardant

By Technology

Extrusion
Injection Molding
Blow Molding
Thermoforming
3D Printing

By Region

North America
Latin America
Europe
South Asia and Oceania
East Asia
The Middle East and Africa

Product Code: PMRREP34877

1. Executive Summary

1.1. Global Acrylonitrile Butadiene Styrene Market Snapshot, 2024-2031
1.2. Market Opportunity Assessment, 2024-2031, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Industry Developments and Key Market Events
1.6. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Scope and Definition
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Opportunity
- 2.2.4. Challenges
- 2.2.5. Key Trends
2.3. Acrylonitrile Butadiene Styrene Market: Value Chain
- 2.3.1. List of key players
2.4. Forecast Factors - Relevance and Impact
2.5. Covid-19 Impact Assessment
2.6. PESTLE Analysis
2.7. Porter Five Force's Analysis

3. Price Trend Analysis, 2019-2031

3.1. Key Factors Impacting Prices
3.2. Prices by Type

4. Global Acrylonitrile Butadiene Styrene Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

4.1. Market Size (US$ Bn) Analysis and Forecast
- 4.1.1. Historical Market Size Analysis, 2019-2023
- 4.1.2. Current Market Size Forecast, 2024-2031
4.2. Global Acrylonitrile Butadiene Styrene Market Outlook: Type
- 4.2.1. Historical Market Size (US$ Bn) Analysis By Type, 2019-2023
- 4.2.2. Current Market Size (US$ Bn) Forecast By Type, 2024-2031
  - 4.2.2.1. Opaque
  - 4.2.2.2. Transparent
  - 4.2.2.3. Colored
- 4.2.3. Market Attractiveness Analysis: Type
4.3. Global Acrylonitrile Butadiene Styrene Market Outlook: Grade
- 4.3.1. Historical Market Size (US$ Bn) Analysis By Grade, 2019-2023
- 4.3.2. Current Market Size (US$ Bn) Forecast By Grade, 2024-2031
  - 4.3.2.1. High Impact
  - 4.3.2.2. Heat Resistant
  - 4.3.2.3. Flame Retardant
- 4.3.3. Market Attractiveness Analysis: Grade
4.4. Global Acrylonitrile Butadiene Styrene Market Outlook: Technology
- 4.4.1. Historical Market Size (US$ Bn) Analysis By Technology, 2019-2023
- 4.4.2. Current Market Size (US$ Bn) Forecast By Technology, 2024-2031
  - 4.4.2.1. Hardware
  - 4.4.2.2. Extrusion
  - 4.4.2.3. Injection Molding
  - 4.4.2.4. Blow Molding
  - 4.4.2.5. Thermoforming
- 4.4.3. Market Attractiveness Analysis: Technology

5. Global Acrylonitrile Butadiene Styrene Market Outlook: Region

5.1. Historical Market Size (US$ Bn) Analysis By Region, 2019-2023
5.2. Current Market Size (US$ Bn) Forecast By Region, 2024-2031
- 5.2.1. North America
- 5.2.2. Europe
- 5.2.3. East Asia
- 5.2.4. South Asia and Oceania
- 5.2.5. Latin America
- 5.2.6. The Middle East and Africa
5.3. Market Attractiveness Analysis: Region

6. North America Acrylonitrile Butadiene Styrene Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

6.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 6.1.1. By Country
- 6.1.2. By Type
- 6.1.3. By Grade
- 6.1.4. By Technology
6.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 6.2.1. U.S.
- 6.2.2. Canada
6.3. Current Market Size (US$ Bn) Forecast By Type, 2024-2031
- 6.3.1. Opaque
- 6.3.2. Transparent
- 6.3.3. Colored
6.4. Current Market Size (US$ Bn) Forecast By Grade, 2024-2031
- 6.4.1. High Impact
- 6.4.2. Heat Resistant
- 6.4.3. Flame Retardant
6.5. Current Market Size (US$ Bn) Forecast By Technology, 2024-2031
- 6.5.1. Extrusion
- 6.5.2. Injection Molding
- 6.5.3. Blow Molding
- 6.5.4. Thermoforming
- 6.5.5. 3D Printing
6.6. Market Attractiveness Analysis

7. Europe Acrylonitrile Butadiene Styrene Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

7.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 7.1.1. By Country
- 7.1.2. By Type
- 7.1.3. By Grade
- 7.1.4. By Technology
7.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 7.2.1. Germany
- 7.2.2. France
- 7.2.3. U.K.
- 7.2.4. Italy
- 7.2.5. Spain
- 7.2.6. Russia
7.3. Current Market Size (US$ Bn) Forecast By Type, 2024-2031
- 7.3.1. Opaque
- 7.3.2. Transparent
- 7.3.3. Colored
7.4. Current Market Size (US$ Bn) Forecast By Grade, 2024-2031
- 7.4.1. High Impact
- 7.4.2. Heat Resistant
- 7.4.3. Flame Retardant
7.5. Current Market Size (US$ Bn) Forecast By Technology, 2024-2031
- 7.5.1. Extrusion
- 7.5.2. Injection Molding
- 7.5.3. Blow Molding
- 7.5.4. Thermoforming
- 7.5.5. 3D Printing
7.6. Market Attractiveness Analysis

8. East Asia Acrylonitrile Butadiene Styrene Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

8.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 8.1.1. By Country
- 8.1.2. By Type
- 8.1.3. By Grade
- 8.1.4. By Technology
8.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 8.2.1. China
- 8.2.2. Japan
- 8.2.3. South Korea
8.3. Current Market Size (US$ Bn) Forecast By Type, 2024-2031
- 8.3.1. Opaque
- 8.3.2. Transparent
- 8.3.3. Colored
8.4. Current Market Size (US$ Bn) Forecast By Grade, 2024-2031
- 8.4.1. High Impact
- 8.4.2. Heat Resistant
- 8.4.3. Flame Retardant
8.5. Current Market Size (US$ Bn) Forecast By Technology, 2024-2031
- 8.5.1. Extrusion
- 8.5.2. Injection Molding
- 8.5.3. Blow Molding
- 8.5.4. Thermoforming
- 8.5.5. 3D Printing
8.6. Market Attractiveness Analysis

9. South Asia and Oceania Acrylonitrile Butadiene Styrene Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

9.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 9.1.1. By Country
- 9.1.2. By Type
- 9.1.3. By Grade
- 9.1.4. By Technology
9.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 9.2.1. India
- 9.2.2. Southeast Asia
- 9.2.3. ANZ
- 9.2.4. Rest of South Asia & Oceania
9.3. Current Market Size (US$ Bn) Forecast By Type, 2024-2031
- 9.3.1. Opaque
- 9.3.2. Transparent
- 9.3.3. Colored
9.4. Current Market Size (US$ Bn) Forecast By Grade, 2024-2031
- 9.4.1. High Impact
- 9.4.2. Heat Resistant
- 9.4.3. Flame Retardant
9.5. Current Market Size (US$ Bn) Forecast By Technology, 2024-2031
- 9.5.1. Extrusion
- 9.5.2. Injection Molding
- 9.5.3. Blow Molding
- 9.5.4. Thermoforming
- 9.5.5. 3D Printing
9.6. Market Attractiveness Analysis

10. Latin America Acrylonitrile Butadiene Styrene Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

10.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 10.1.1. By Country
- 10.1.2. By Type
- 10.1.3. By Grade
- 10.1.4. By Technology
10.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 10.2.1. Brazil
- 10.2.2. Mexico
10.3. Current Market Size (US$ Bn) Forecast By Type, 2024-2031
- 10.3.1. Opaque
- 10.3.2. Transparent
- 10.3.3. Colored
10.4. Current Market Size (US$ Bn) Forecast By Grade, 2024-2031
- 10.4.1. High Impact
- 10.4.2. Heat Resistant
- 10.4.3. Flame Retardant
10.5. Current Market Size (US$ Bn) Forecast By Technology, 2024-2031
- 10.5.1. Extrusion
- 10.5.2. Injection Molding
- 10.5.3. Blow Molding
- 10.5.4. Thermoforming
- 10.5.5. 3D Printing
10.6. Market Attractiveness Analysis

11. The Middle East and Africa Acrylonitrile Butadiene Styrene Market Outlook: Historical (2019-2023) and Forecast (2024-2031)

11.1. Historical Market Size (US$ Bn) Analysis By Market, 2019-2023
- 11.1.1. By Country
- 11.1.2. By Type
- 11.1.3. By Grade
- 11.1.4. By Technology
11.2. Current Market Size (US$ Bn) Forecast By Country, 2024-2031
- 11.2.1. GCC
- 11.2.2. South Africa
- 11.2.3. Northern Africa
11.3. Current Market Size (US$ Bn) Forecast By Type, 2024-2031
- 11.3.1. Opaque
- 11.3.2. Transparent
- 11.3.3. Colored
11.4. Current Market Size (US$ Bn) Forecast By Grade, 2024-2031
- 11.4.1. High Impact
- 11.4.2. Heat Resistant
- 11.4.3. Flame Retardant
11.5. Current Market Size (US$ Bn) Forecast By Technology, 2024-2031
- 11.5.1. Extrusion
- 11.5.2. Injection Molding
- 11.5.3. Blow Molding
- 11.5.4. Thermoforming
- 11.5.5. 3D Printing
11.6. Market Attractiveness Analysis

12. Competition Landscape

12.1. Market Share Analysis, 2024
12.2. Market Structure
- 12.2.1. Competition Intensity Mapping By Market
- 12.2.2. Competition Dashboard
- 12.2.3. Tier Structure Analysis
- 12.2.4. Regional Presence Analysis
12.3. Company Profiles (Details - Overview, Financials, Strategy, Recent Developments)
- 12.3.1. LG Chemicals
  - 12.3.1.1. Overview
  - 12.3.1.2. Segments and Type
  - 12.3.1.3. Key Financials
  - 12.3.1.4. Market Developments
  - 12.3.1.5. Market Strategy
- 12.3.2. Asahi Kasei Corporation
- 12.3.3. Formosa Plastics Corporation
- 12.3.4. KUMHO PETROCHEMICAL
- 12.3.5. SABIC
- 12.3.6. Trinseo
- 12.3.7. INEOS Styrolution Group GmbH
- 12.3.8. BASF SE
- 12.3.9. DuPont
- 12.3.10. Chi Mei Corporation
- 12.3.11. Covestro AG
- 12.3.12. Versalis
- 12.3.13. Others

13. Appendix

13.1. Research Methodology
13.2. Research Assumptions
13.3. Acronyms and Abbreviations