Global ABS Market Growth 2023-2029

Global ABS Market Growth 2023-2029

ABS is a kind of polymer obtained through the copolymerization of three kinds of monomers, namely acrylonitrile, butadiene and styrene. Each of these three monomers has a specific property: the addition of acrylonitrile can improve the anti-corrosion and rigidity properties, butadiene promotes the shock resistance and styrene will contribute the material good fineness. It is among the low cost engineering plastic that is easy to machine and fabricate. ABS is an ideal material for structural applications when impact resistance, strength, and stiffness are required. It is widely used for machining pre-production prototypes such as the auto dashboard since it has excellent dimensional stability and is easy to paint and glue. Natural (beige) ABS and black ABS are FDA compliant for use in food processing applications. Besides, it is widely used in the toys and electron industries including the PC enclosure.

LPI (LP Information)' newest research report, the “ABS Industry Forecast” looks at past sales and reviews total world ABS sales in 2022, providing a comprehensive analysis by region and market sector of projected ABS sales for 2023 through 2029. With ABS sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world ABS industry.

This Insight Report provides a comprehensive analysis of the global ABS landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on ABS portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global ABS market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for ABS and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global ABS.

The global ABS market size is projected to grow from US$ 15170 million in 2022 to US$ 19340 million in 2029; it is expected to grow at a CAGR of 19340 from 2023 to 2029.

The main application of acrylonitrile butadiene styrene (ABS) are washing machine, fridge, PC, car, toys, electronics fields. In terms of product, acrylonitrile butadiene styrene (ABS) can be divided into two types: general purpose ABS and specialty ABS. The general purpose ABS holds a share about 79%. The major manufacturers in the world include LG Chem, Formosa, CHIMEI. etc. The biggest manufacturer is LG Chem, which holds a share about 15%.

This report presents a comprehensive overview, market shares, and growth opportunities of ABS market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Emulsion Graft Copolymerization
Bulk Copolymerization
Others

Segmentation by application
Automobiles Industry
Electronic Industry
Construction
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
CHIMEI
INEOS Styrolution
LG Chemical
Trinseo
SABIC
Samsung SDI Chemical
Toray
Formosa
JSR
KKPC
UMG ABS
CNPC
Dagu Chemical
Sinopec Shanghai Gaoqiao
Huajin Chemical
Lejin Chemical

Key Questions Addressed in this Report

What is the 10-year outlook for the global ABS market?

What factors are driving ABS market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do ABS market opportunities vary by end market size?

How does ABS break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.