Global ABS Market Growth 2024-2030

Global ABS Market Growth 2024-2030

According to our LPI (LP Information) latest study, the global ABS market size was valued at US$ 15170 million in 2023. With growing demand in downstream market, the ABS is forecast to a readjusted size of US$ 19340 million by 2030 with a CAGR of 3.5% during review period.

The research report highlights the growth potential of the global ABS market. ABS are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of ABS. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the ABS market.

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.

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%.

Key Features:

The report on ABS market reflects various aspects and provide valuable insights into the industry.

Market Size and Growth: The research report provide an overview of the current size and growth of the ABS market. It may include historical data, market segmentation by Type (e.g., Emulsion Graft Copolymerization, Bulk Copolymerization), and regional breakdowns.

Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the ABS market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.

Competitive Landscape: The research report provides analysis of the competitive landscape within the ABS market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.

Technological Developments: The research report can delve into the latest technological developments in the ABS industry. This include advancements in ABS technology, ABS new entrants, ABS new investment, and other innovations that are shaping the future of ABS.

Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the ABS market. It includes factors influencing customer ' purchasing decisions, preferences for ABS product.

Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the ABS market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting ABS market. The report also evaluates the effectiveness of these policies in driving market growth.

Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the ABS market.

Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the ABS industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.

Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the ABS market.

Market Segmentation:

ABS market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.

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?

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