Global Acrylonitrile Butadiene Styrene Market Size, Share & Trends Analysis Report By Type, By Manufacturing Process, By Grade, By Technology, By Application, By Regional Outlook and Forecast, 2024 - 2031

Global Acrylonitrile Butadiene Styrene Market Size, Share & Trends Analysis Report By Type, By Manufacturing Process, By Grade, By Technology, By Application, By Regional Outlook and Forecast, 2024 - 2031

The Global Acrylonitrile Butadiene Styrene Market size is expected to reach $44.5 billion by 2031, rising at a market growth of 6.5% CAGR during the forecast period. In the year 2023, the market attained a volume of 8,820.3 Kilo Tonnes experiencing a growth of 22.7% (2020-2023).

North America is home to a thriving electronics industry, with significant demand for ABS in electronic enclosures, housings, and components. The region’s robust consumer electronics market and the growth of industries such as telecommunications and IT drive the demand for ABS in electronic devices. Consequently, the North American region would acquire nearly 30% of the total market share by 2031. Also, the US market would consume 1,379.9 kilo tonnes of opaque Acrylonitrile Butadiene Styrene by 2031.

As urban populations grow, there is an increased demand for construction materials to accommodate the rising need for residential, commercial, and industrial infrastructure. In addition, many cities are undergoing infrastructure modernization initiatives to improve efficiency, sustainability, and resilience. Therefore, rapid urbanization and infrastructure development are driving the market’s growth.

Additionally, the growing demand for consumer electronics such as smartphones, laptops, tablets, wearable devices, and home appliances drives the demand for ABS materials used in their manufacturing. Consumer electronics manufacturers prioritize product design and aesthetics to differentiate their products in the competitive market. In conclusion, the demand for consumer electronics is driving the market’s growth.

However, ABS production relies on petrochemical feedstocks such as styrene, acrylonitrile, and butadiene, which are volatile due to fluctuations in crude oil prices, supply-demand dynamics, and geopolitical factors. Furthermore, fluctuating raw material prices can exert pressure on the profitability of ABS manufacturers, particularly when there is a mismatch between the cost of raw materials and the selling prices of ABS products. Hence, fluctuating raw material prices are hampering the growth of the market.

Type Outlook

On the basis of type, the market is segmented into opaque, transparent, and colored. In 2023, the transparent segment attained a 26.2% revenue share in the market. In terms of volume, the segment registered 2,158.8 kilo tonnes in 2023. Transparent ABS grades offer a visually appealing alternative to traditional opaque materials, providing a modern and sleek appearance to products and components.

Manufacturing Process Outlook

Based on manufacturing process, the market is categorized into emulsion polymerization, mass polymerization, continuous polymerization, and others. The mass polymerization segment witnessed 18% revenue share in the market in 2023. In terms of volume, the segment registered 1,452.7 kilo tonnes in 2023. Mass polymerization offers better control over the quality of the ABS produced. This ensures that the final product meets the required specifications and performance standards, leading to increased demand from industries prioritizing product quality.

Grade Outlook

Based on grade, the market is divided into high impact, heat resistant, flame retardant, electroplatable, and blended ABS. The flame retardant segment attained 17% revenue share in the market in 2023. In terms of volume, the segment registered 1,435.9 kilo tonnes in 2023. Flame retardant ABS materials offer superior fire resistance to standard ABS resins, protecting ignition, flame spread, and smoke generation.

Technology Outlook

By technology, the market is divided into extrusion, injection molding, blow molding, thermoforming, and 3D printing. The extrusion segment procured a 21% revenue share in the market in 2023. ABS is a recyclable thermoplastic, and extrusion processes can be designed to incorporate recycled ABS materials, contributing to sustainability goals and reducing environmental impact.

Application Outlook

Based on application, the market is divided into appliances, electrical & electronics, automotive, consumer goods, construction, and others. In 2023, the electrical & electronics segment procured 22% revenue share in the market. ABS maintains its dimensional stability over various temperatures, making it ideal for electronic enclosures and housings subject to temperature variations during operation.

By Regional Analysis

Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific region witnessed 38% revenue share in the market in 2023. The automotive industry in the Asia Pacific region is one of the largest and fastest growing in the world. As vehicle production and sales continue to increase in countries like China, India, and Japan, so does the demand for ABS for automotive components such as bumpers, interior trim, and exterior panels.

List of Key Companies Profiled

• SABIC (Saudi Arabian Oil Company)
• BASF SE
• Formosa Plastics Group
• DuPont de Nemours, Inc.
• Kumho P&B Chemicals., Inc (Kumho Petrochemical Group)
• CHIMEI Corporation
• Trinseo PLC
• PetroChina Company Limited (China National Petroleum Corporation)
• Asahi Kasei Corporation
• INEOS Styrolution Group GmbH

Global Acrylonitrile Butadiene Styrene Market Report Segmentation

By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Opaque
• Transparent
• Colored

By Manufacturing Process (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Emulsion Polymerization
• Continuous Polymerization
• Mass Polymerization
• Others

By Grade (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• High Impact
• Heat Resistant
• Electroplatable
• Flame Retardant
• Blended ABS

By Technology (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Injection Molding
• Extrusion
• Thermoforming
• Blow Molding
• 3D Printing

By Application (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• Appliances
• Automotive
• Electrical & Electronics
• Consumer Goods
• Construction
• Others

By Geography (Volume, Kilo Tonnes, USD Billion, 2020-2031)

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• UK
• France
• Russia
• Spain
• Italy
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Singapore
• Malaysia
• Rest of Asia Pacific
• LAMEA
• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA