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Acrylonitrile Butadiene Styrene Market by Raw Materials, Process Type, Applications, And Segment Forecasts to 2028

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    Report

  • 285 Pages
  • July 2020
  • Region: Global
  • Reports and Data
  • ID: 5623619
The Acrylonitrile Butadiene Styrene resin market size is expected to reach USD 40.57 Billion in 2028 and register a revenue CAGR of 4.4% over the forecast period, according to the latest report. The significant increase in the production of automobiles and other vehicles, due to the increased demand for these products from consumers is projected to fuel market growth over the forecast period.

The automotive industry is one of the largest end-use industries of ABS resins. These resins are used in a wide range of applications such as dashboards, door panels, spoilers, and grilles. The increased demand for passenger cars and commercial vehicles is projected to drive market growth over the forecast period.

ABS has low electrical conduivity, has moderate heat resistance and can be thermoformed. It is one of the most popular engineering plastics due to its high demand in the production of consumer electronics products such as cell phone covers and computer casing. ABS is tough and rigid with a high level of dimensional stability. It can be easily processed by injection molding and extrusion.

Acrylonitrile butadiene styrene is a sturdily engineered thermoplastic polymer frequently employed in the creation of toys, appliances, and automotive components. It is a derivative of acrylonitrile, butadiene, and styrene, which are all synthetic compounds derived from fossil fuels. Acrylonitrile butadiene styrene resin is one of the most widely used plastics in 3D printing filament due to its affordability, availability, and easy printability.

The high demand for this plastic in the construction sector and the automotive industry for manufacturing various parts and components is expected to fuel the growth of the acrylonitrile butadiene styrene resin market in the coming years. In addition, the growing demand for acrylonitrile butadiene styrene resins from the electrical and electronics industry is also expected to contribute to the growth of the market. The superior properties of ABS resins such as high impact resistance, heat resistance, and chemical resistance make them ideal for electrical and electronic applications.

Some Key Highlights in the Report

  • In June 2019, ELIX Polymers and A. Schulman announced the merger of their companies to create a defined leader in engineering plastics solutions with enhanced scale, reach and capabilities. The companies have complementary product portfolios, strong relationships with key customers and end-markets, and manufacturing footprints across Europe and North America. The transaction is valued at an enterprise value of euros 1,275 million.
  • Medical devices segment accounted for a significant revenue share in 2020. ABS resin can be used in the production of various medical equipment and devices such as hearing aids, blood pressure cuffs, syringes, IV sets, dialysis machines, and catheters.
  • The automotive & transportation segment is expected to register a CAGR of 5.8% from 2021 to 2028. ABS resin is employed in the production of a wide range of automotive parts and components such as spoilers, dashboards, door panels, bumpers, and instrument panels.
  • The automotive industry segment accounted for largest revenue share in 2020. The growth of automotive industry is driven by the growing demand for light weight & fuel efficient vehicles. Moreover, ABS resin provides excellent surface finish, impact strength, and heat resistance making it suitable for applications in automotive sector. For instance, according to OICA statistics, around 89.29 million passenger cars were sold globally in 2019.
  • The electronics & electrical industry segment is expected to register highest CAGR over the forecast period. The growth of electronics & electrical industry is driven by the increasing demand for smartphones, tablets, and other consumer electronics. Moreover, ABS resin provides excellent heat resistance and dimensional stability making it suitable for applications in the electronics & electrical industry. For instance, according to International Data Corporation (IDC), worldwide shipments of smartphones reached 1.4 billion units in Q4 2019.
  • North America and Europe were the largest market for acrylonitrile butadiene styrene resin in 2020. The growth in these regions is driven by the presence of major manufacturers in these regions. Moreover, the automotive and electronics & electrical industries in these regions are well-established which is expected to drive the growth of acrylonitrile butadiene styrene resin market.
  • Asia Pacific is expected to register highest CAGR over the forecast period. The growth in this region is driven by the growing automotive and electronics & electrical industries in countries such as China, India, and Japan. Moreover, the presence of major manufacturers in this region is expected to drive the growth of acrylonitrile butadiene styrene resin market.
Major players in the market include Asahi Kasei, LG Chemicals, BASF SE, Formosa Plastic, Chi Mei Corporation, Styron, SABIC, Covestro, The Dow Chemical Company, and LyondellBasell Industries N.V.

For the purpose of this report, the publisher has segmented the ABS (Acrylonitrile Butadiene Styrene) Resin market based on grade, application, end-use and region:


Grade Outlook (Revenue, USD Billion; 2018-2028)

  • Flame Retardant
  • Impact
  • Platable
  • Gloss
  • Flow
  • Composite Grades

Application Outlook (Revenue, USD Billion; 2018-2028)

  • Musical Instruments
  • Automotive Bumper Bars
  • Medical Devices
  • Appliances
  • Others

End-use Outlook (Revenue, USD Billion; 2018-2028)

  • Automotive
  • Healthcare
  • Constructions
  • Consumer Goods
  • Others

Regional Outlook (Revenue, USD Billion; 2018-2028)

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Spain
  • Sweden
  • BENELUX
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
  • Latin America
  • Brazil
  • Rest of LATAM
  • Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Israel
  • Rest of MEA

Table of Contents

Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Indicative Metrics
Chapter 4. Acrylonitrile Butadiene Styrene (ABS) Segmentation & Impact Analysis
4.1. Acrylonitrile Butadiene Styrene (ABS) Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand for consumer goods and home appliances
4.2.2.2. Increase in infrastructure development activities in developing countries
4.2.3. Market restraints analysis
4.2.3.1. Stringent government regulations
4.2.3.2. Availability of substitutes
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
Chapter 5. Acrylonitrile Butadiene Styrene (ABS) Market By Raw Materials Insights & Trends
5.1. Raw Materials dynamics & Market Share, 2019 & 2026
5.2. Acrylonytrile
5.2.1. Market estimates and forecast, 2020 - 2028 (USD Million) (Kilo Tons)
5.2.2. Market estimates and forecast, by region, 2020 - 2028 (USD Million) (Kilo Tons)
5.3. Butadiene
5.3.1. Market estimates and forecast, 2020 - 2028 (USD Million) (Kilo Tons)
5.3.2. Market estimates and forecast, by region, 2020 - 2028 (USD Million) (Kilo Tons)
5.4. Styrene
5.4.1. Market estimates and forecast, 2020 - 2028 (USD Million) (Kilo Tons)
5.4.2. Market estimates and forecast, by region, 2020 - 2028 (USD Million) (Kilo Tons)
Chapter 6. Acrylonitrile Butadiene Styrene (ABS) Market By Process Type Insights & Trends
6.1. Process Type Dynamics & Market Share, 2019 & 2026
6.2. Injection Molding
6.2.1. Market estimates and forecast, 2020 - 2028 (USD Million) (Kilo Tons)
6.2.2. Market estimates and forecast, by region, 2020 - 2028 (USD Million) (Kilo Tons)
6.3. Extrusion
6.3.1. Market estimates and forecast, 2020 - 2028 (USD Million) (Kilo Tons)
6.3.2. Market estimates and forecast, by region, 2020 - 2028 (USD Million) (Kilo Tons)
6.4. Blow Molding
6.4.1. Market estimates and forecast, 2020 - 2028 (USD Million) (Kilo Tons)
6.4.2. Market estimates and forecast, by region, 2020 - 2028 (USD Million) (Kilo Tons)
6.5. Others
6.5.1. Market estimates and forecast, 2020 - 2028 (USD Million) (Kilo Tons)
6.5.2. Market estimates and forecast, by region, 2020 - 2028 (USD Million) (Kilo Tons)
Chapter 7. Acrylonitrile Butadiene Styrene (ABS) Market By Applications Insights & Trends
7.1. Applications Dynamics & Market Share, 2019 & 2026
7.2. Automotive & Transportation
7.2.1. Market estimates and forecast, 2020 - 2028 (USD Million) (Kilo Tons)
7.2.2. Market estimates and forecast, by region, 2020 - 2028 (USD Million) (Kilo Tons)
7.3. Construction
7.3.1. Market estimates and forecast, 2020 - 2028 (USD Million) (Kilo Tons)
7.3.2. Market estimates and forecast, by region, 2020 - 2028 (USD Million) (Kilo Tons)
7.4. Electronics
7.4.1. Market estimates and forecast, 2020 - 2028 (USD Million) (Kilo Tons)
7.4.2. Market estimates and forecast, by region, 2020 - 2028 (USD Million) (Kilo Tons)
7.5. Consumer Goods & Home Appliances
7.5.1. Market estimates and forecast, 2020 - 2028 (USD Million) (Kilo Tons)
7.5.2. Market estimates and forecast, by region, 2020 - 2028 (USD Million) (Kilo Tons)
7.6. Others
7.6.1. Market estimates and forecast, 2020 - 2028 (USD Million) (Kilo Tons)
7.6.2. Market estimates and forecast, by region, 2020 - 2028 (USD Million) (Kilo Tons)
Chapter 8. Acrylonitrile Butadiene Styrene (ABS) Market Regional Outlook
8.1. Acrylonitrile Butadiene Styrene (ABS) Market share by region, 2019 & 2026
8.2. North America
8.2.1. North America Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast, 2020 - 2028, (USD Million) (Kilo Tons)
8.2.2. North America Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Raw Materials, 2016 -2026, (USD Million) (Kilo Tons)
8.2.3. North America Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Process Type, 2016 -2026, (USD Million) (Kilo Tons)
8.2.4. North America Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Applications, 2016 -2026, (USD Million) (Kilo Tons)
8.2.5. U.S.
8.2.5.1. U.S. Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast, 2020 - 2028, (USD Million) (Kilo Tons)
8.2.5.2. U.S. Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Raw Materials, 2016 -2026, (USD Million) (Kilo Tons)
8.2.5.3. U.S. Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Process Type, 2016 -2026, (USD Million) (Kilo Tons)
8.2.5.4. U.S. Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Applications, 2016 -2026, (USD Million) (Kilo Tons)
8.3. Europe
8.3.1. Europe Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast, 2020 - 2028, (USD Million) (Kilo Tons)
8.3.2. Europe Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Raw Materials, 2016 -2026, (USD Million) (Kilo Tons)
8.3.3. Europe Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Process Type, 2016 -2026, (USD Million) (Kilo Tons)
8.3.4. Europe Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Applications, 2016 -2026, (USD Million) (Kilo Tons)
8.3.5. U.K.
8.3.5.1. U.K. Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast, 2020 - 2028, (USD Million) (Kilo Tons)
8.3.5.2. U.K. Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Raw Materials, 2016 -2026, (USD Million) (Kilo Tons)
8.3.5.3. U.K. Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Process Type, 2016 -2026, (USD Million) (Kilo Tons)
8.3.5.4. U.K. Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Applications, 2016 -2026, (USD Million) (Kilo Tons)
8.3.6. France
8.3.6.1. France Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast, 2020 - 2028, (USD Million) (Kilo Tons)
8.3.6.2. France Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Raw Materials, 2016 -2026, (USD Million) (Kilo Tons)
8.3.6.3. France Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Process Type, 2016 -2026, (USD Million) (Kilo Tons)
8.3.6.4. France Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Applications, 2016 -2026, (USD Million) (Kilo Tons)
8.4. Asia-Pacific
8.4.1. Asia-Pacific Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast, 2020 - 2028, (USD Million) (Kilo Tons)
8.4.2. Asia-Pacific Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Raw Materials, 2016 -2026, (USD Million) (Kilo Tons)
8.4.3. Asia-Pacific Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Process Type, 2016 -2026, (USD Million) (Kilo Tons)
8.4.4. Asia-Pacific Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Applications, 2016 -2026, (USD Million) (Kilo Tons)
8.4.5. China
8.4.5.1. China Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast, 2020 - 2028, (USD Million) (Kilo Tons)
8.4.5.2. China Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Raw Materials, 2016 -2026, (USD Million) (Kilo Tons)
8.4.5.3. China Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Process Type, 2016 -2026, (USD Million) (Kilo Tons)
8.4.5.4. China Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Applications, 2016 -2026, (USD Million) (Kilo Tons)
8.4.6. India
8.4.6.1. India Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast, 2020 - 2028, (USD Million) (Kilo Tons)
8.4.6.2. India Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Raw Materials, 2016 -2026, (USD Million) (Kilo Tons)
8.4.6.3. India Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Process Type, 2016 -2026, (USD Million) (Kilo Tons)
8.4.6.4. India Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Applications, 2016 -2026, (USD Million) (Kilo Tons)
8.4.7. Japan
8.4.7.1. Japan Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast, 2020 - 2028, (USD Million) (Kilo Tons)
8.4.7.2. Japan Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Raw Materials, 2016 -2026, (USD Million) (Kilo Tons)
8.4.7.3. Japan Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Process Type, 2016 -2026, (USD Million) (Kilo Tons)
8.4.7.4. Japan Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Applications, 2016 -2026, (USD Million) (Kilo Tons)
8.5. Middle East and Africa
8.5.1. Middle East and Africa Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast, 2020 - 2028, (USD Million) (Kilo Tons)
8.5.2. Middle East and Africa Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Raw Materials, 2016 -2026, (USD Million) (Kilo Tons)
8.5.3. Middle East and Africa Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Process Type, 2016 -2026, (USD Million) (Kilo Tons)
8.5.4. Middle East and Africa Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Applications, 2016 -2026, (USD Million) (Kilo Tons)
8.6. Latin America
8.6.1. Latin America Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast, 2020 - 2028, (USD Million) (Kilo Tons)
8.6.2. Latin America Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Raw Materials, 2016 -2026, (USD Million) (Kilo Tons)
8.6.3. Latin America Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Process Type, 2016 -2026, (USD Million) (Kilo Tons)
8.6.4. Latin America Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Applications, 2016 -2026, (USD Million) (Kilo Tons)
8.6.5. Brazil
8.6.5.1. Brazil Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast, 2020 - 2028, (USD Million) (Kilo Tons)
8.6.5.2. Brazil Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Raw Materials, 2016 -2026, (USD Million) (Kilo Tons)
8.6.5.3. Brazil Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Process Type, 2016 -2026, (USD Million) (Kilo Tons)
8.6.5.4. Brazil Acrylonitrile Butadiene Styrene (ABS) Market estimates and forecast by Applications, 2016 -2026, (USD Million) (Kilo Tons)
Chapter 9. Competitive Landscape
9.1. Market Revenue Share by Manufacturers
9.2. Manufacturing Cost Breakdown Analysis
9.3. Mergers & Acquisitions
9.4. Market positioning
9.5. Strategy Benchmarking
9.6. Vendor Landscape
Chapter 10. Company Profiles
10.1. LG Chemicals
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Technology Insights
10.1.4. Strategic Initiatives
10.2. Asahi Kasei
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Technology Insights
10.2.4. Strategic Initiatives
10.3. Chi Mei Corporation
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Technology Insights
10.3.4. Strategic Initiatives
10.4. Formosa Plastics
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Technology Insights
10.4.4. Strategic Initiatives
10.5. Kumho Petrochemicals
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Technology Insights
10.5.4. Strategic Initiatives
10.6. SABIC
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Technology Insights
10.6.4. Strategic Initiatives
10.7. Styron
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Technology Insights
10.7.4. Strategic Initiatives
10.8. BASF SE
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Technology Insights
10.8.4. Strategic Initiatives
10.9. DU Pont
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Technology Insights
10.9.4. Strategic Initiatives
10.10. Arkema SA
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Technology Insights
10.10.4. Strategic Initiatives

Companies Mentioned

  • LG Chemicals
  • Asahi Kasei
  • Chi Mei Corporation
  • Formosa Plastics
  • Kumho Petrochemicals
  • SABIC
  • Styron
  • BASF SE
  • Du Pont
  • Arkema SA