Global ABS Resins Market Growth 2023-2029

Global ABS Resins Market Growth 2023-2029

The global ABS Resins market size is projected to grow from US$ 16010 million in 2022 to US$ 21360 million in 2029; it is expected to grow at a CAGR of 4.2% from 2023 to 2029.

Global top 5 players of ABS resins are, LG Chem, Formosa, CHIMEI, CNPC and Lotte Chemical, with nearly a half market share. Among the giants in the industry, LG Chem makes up over 10%.

The largest market size held by Asia-Pacific, with a share over 70%, followed by Europe (10%) and North America (8%).

General purpose ABS and specialty ABS are two main types of the product, in which the dominant is general purpose ABS, with a share about 80%.

Micro DC motors has been widely used in automotive, household appliances, consumer goods and electronics. And the market of household appliances is the largest segment, with a market share of 30%.

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

This Insight Report provides a comprehensive analysis of the global ABS Resins 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 Resins portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global ABS Resins market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for ABS Resins 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 Resins.

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

Market Segmentation:

Segmentation by type
General Purpose ABS
Specialty ABS

Segmentation by application
Automotive
Household Appliances
Consumer Goods
Electronics
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.
LG Chem
Formosa
CHIMEI
CNPC
Lotte Chemical
INEOS Styrolution
Toray
SABIC
JSR
Dagu Chemical
KKPC
Huajin Chemical
Gaoqiao
Grand Pacific Petrochemical
Trinseo
Kumho Sunny

Key Questions Addressed in this Report

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

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

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

How do ABS Resins market opportunities vary by end market size?

How does ABS Resins 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.