ABS (Acrylonitrile Butadiene Styrene) Resin Market Size, Share, Top Key Players, Growth, Trend and Forecast Till 2027

 


ABS (Acrylonitrile Butadiene Styrene) Resin Market Expected to Reach USD 50.63 Billion by 2027

Increasing applications of acrylonitrile butadiene styrene in the construction and automotive industries significantly bolster the market growth.

Market Size – USD 28.93 Billion in 2019, Market Growth - CAGR of 7.2%, Market Trends – Rising applications in the healthcare sector

The global ABS (acrylonitrile butadiene styrene) resin market is expected to be valued at USD 50.63 Billion in 2027 from USD 28.93 Billion in 2019, registering a CAGR of 7.2% through the forecast period. Acrylonitrile butadiene styrene (ABS) is an impact-resistant engineering thermoplastic polymer that offers robust chemical and heat resistance and superior processing capabilities. ABS resins are widely used to manufacture commonly used consumer goods, such as lamps, calculators, stationery products, printers, and cylindrical impellers for air-conditioners, used in offices and commercial spaces. Also, these materials are employed in the production of various automotive parts and electronic appliances. Moreover, the high durability, strong resistance to acids and alkalis, surface gloss, and dimensional stability of these resins make them viable for a wide range of industrial uses.

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Revenue from the global ABS (acrylonitrile butadiene styrene) resin market is expected to register a significantly high growth rate in the coming years. The surging demand for acrylonitrile butadiene styrene resins across automotive, construction, consumer goods, electronics, and healthcare industries is one of the most fundamental factors leading to the growth of this market. The automotive industry uses this material to manufacture automotive upholstery, interiors, bumpers, center consoles, etc. Thus, the rising demand for lightweight vehicles and the growing focus on fuel efficiency are the other factors that are indispensable to market growth. Acrylonitrile butadiene styrene materials are used for manufacturing various medical equipment and consumer electronic appliances. The aerospace industry is a leading end-user of these materials for manufacturing airplane panels, luggage compartments, aircraft doors, interiors, and fuselages. Moreover, the growing population, rapid urbanization, and a boom in construction activities worldwide further boost the global ABS (acrylonitrile butadiene styrene) resin market growth.

Key findings of the report:

·       In terms of grade, the flame-retardant ABS sub-segment leads the global ABS (acrylonitrile butadiene styrene) resin market, with the highest revenue share. Flame-retardant ABS resins are highly durable materials characterized by their excellent heat and flame resistance and electrical insulation properties.

·       Among the various end-user industries, the automotive industry is expected to retain the largest market share over the forecast timeline. The fast-paced expansion of the automotive industry and the increasing usage of ABS materials for making various automotive components and parts are the pivotal factors boosting this segment’s growth.

·       Among the key regional markets, the Asia Pacific ABS (acrylonitrile butadiene styrene) resin market accounts for the largest revenue share. The growth of the Asia Pacific market is mainly attributed to the augmenting demand for electronic/electrical appliances, the expanding automotive sector, rising production of lightweight and energy-efficient automobiles, rapid industrialization, and growing construction activities across the region.

·       The well-established companies operating in the global ABS (acrylonitrile butadiene styrene) resin market include LG Chemicals, Clariant AG, BASF, Chi Mei Corporation, Formosa Plastic, Asahi Kasei, KKPC, Styron, SABIC, and Styrolution.

·       In March 2020, Clariant AG, the renowned Swiss specialty chemicals manufacturer, introduced an all-new range of medical-grade ABS polymer compounds for pharmaceutical packaging. These resins are part of Clariant’s MEVOPUR line of additive concentrates and polymer compounds.

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For the purpose of this report, the global ABS (acrylonitrile butadiene styrene) resin market is segmented based on grade, application, end-user industry, and region:

Grade Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

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

Application Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

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

End-user Industry Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

  • Automotive
  • Electrical & Electronics
  • Consumer Goods
  • Healthcare
  • Buildings & Construction

Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2017-2027)

§  North America

•                  U.S.

•                  Canada

§  Europe

•                  Germany

•                  U.K.

•                  France

•                  BENELUX

•                  Rest of Europe

§  Asia Pacific

•                  China

•                  Japan

•                  South Korea

•                  Rest of Asia Pacific

§  Latin America

•                  Brazil

•                  Rest of Latin America

§  Middle East & Africa

•                  Saudi Arabia

•                  U.A.E.

•                  Rest of Middle East & Africa

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