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Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand f.....
Acrylonitrile Butadiene Styrene (ABS) Market size was valued at US$ 23.7 billion in 2022. It is expected to reach a value of US$ 36.8 billion by 2029, growing at a CAGR of 6.5% from 2023-2029. The global market provides a detailed overview of the Acrylonitrile Butadiene Styrene (ABS) Market, which has been segmented by application. Based on the application, the Acrylonitrile Butadiene Styrene (ABS) is segmented into Electrical and Electronics, Consumer Goods, Construction Equipment, Automotive, Appliances, and others. According to Precision Business Insights, the appliances segment is predicted to register the fastest growth rate during the forecast period.
In January 2022, INEOS Styrolution started ABS production in Wingles, France, having completed the conversion of an existing polystyrene line to the production of ABS. This move makes Wingles the company’s third ABS production site in Europe, together with Antwerp, Belgium, and Cologne, Germany.
Study Period
2024-2030Base Year
2023CAGR
6.5%Largest Market
North AmericaFastest Growing Market
Asia-Pacific
The rising economies will have a significant impact on the ABS market. The overall acrylonitrile butadiene styrene market share is projected to be driven by the expanding use of ABS in numerous applications, including home appliances, consumer goods, and electrical & electronics items in several rising countries.
Asia Pacific market is expected to witness the largest market share during the forecast period.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2022 |
US$ 23.7 billion |
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Market Size in 2029 |
US$ 36.8 billion |
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Market CAGR |
6.5% |
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By Application |
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By Region |
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The acrylonitrile butadiene styrene (abs) market is projected to expand at a CAGR of 6.5% during the forecast period
The major players in the global Acrylonitrile Butadiene Styrene (ABS) market are BASF (Germany), 3M (United States), Covestro AG (Germany), INEOS (UK), SABIC (Saudi Arabia), LG Chemicals (South Korea), Chi Mei Corporation (Taiwan), Asahi Kasei Corp. (Japan), KUMHO PETROCHEMICAL (South Korea), and Formosa Chemicals & Fibre Corp (Taiwan).
Asia-Pacific is the fastest-growing region for acrylonitrile butadiene styrene (abs) market
| 1. Executive Summary |
| 2. Global Acrylonitrile Butadiene Styrene (ABS) Market Introduction |
| 2.1. Global Acrylonitrile Butadiene Styrene (ABS) Market – Taxonomy |
| 2.2. Global Acrylonitrile Butadiene Styrene (ABS) Market –Definitions |
| 2.2.1. Application |
| 2.2.2. Region |
| 3. Global Acrylonitrile Butadiene Styrene (ABS) Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Acrylonitrile Butadiene Styrene (ABS) Market Dynamic Factors - Impact Analysis |
| 3.6. Global Acrylonitrile Butadiene Styrene (ABS) Market – Competition Landscape |
| 4. Global Acrylonitrile Butadiene Styrene (ABS) Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Acrylonitrile Butadiene Styrene (ABS) Market, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 5.1. Electrical And Electronics |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Consumer Goods |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Construction |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Automotive |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Appliances |
| 5.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 5.6. Others |
| 5.6.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 5.6.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.6.3. Market Opportunity Analysis |
| 6. Global Acrylonitrile Butadiene Styrene (ABS) Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 6.1. North America |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Europe |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Asia-Pacific |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Latin America |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 6.5. Middle East and Africa |
| 6.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 6.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.5.3. Market Opportunity Analysis |
| 6.6. Global Acrylonitrile Butadiene Styrene (ABS) Market - Opportunity Analysis Index, By Application and Region, 2023 - 2029 |
| 7. North America Acrylonitrile Butadiene Styrene (ABS) Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 7.1. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 7.1.1. Electrical And Electronics |
| 7.1.2. Consumer Goods |
| 7.1.3. Construction |
| 7.1.4. Automotive |
| 7.1.5. Appliances |
| 7.1.6. Others |
| 7.2. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 7.2.1. USA |
| 7.2.2. Canada |
| 7.3. North America Acrylonitrile Butadiene Styrene (ABS) Market - Opportunity Analysis Index, By Application and Country, 2023 - 2029 |
| 7.4. North America Acrylonitrile Butadiene Styrene (ABS) Market Dynamics – Trends |
| 8. Europe Acrylonitrile Butadiene Styrene (ABS) Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 8.1. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Electrical And Electronics |
| 8.1.2. Consumer Goods |
| 8.1.3. Construction |
| 8.1.4. Automotive |
| 8.1.5. Appliances |
| 8.1.6. Others |
| 8.2. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.2.1. Germany |
| 8.2.2. UK |
| 8.2.3. France |
| 8.2.4. Spain |
| 8.2.5. Italy |
| 8.2.6. Russia |
| 8.2.7. Poland |
| 8.2.8. Rest of Europe |
| 8.3. Europe Acrylonitrile Butadiene Styrene (ABS) Market - Opportunity Analysis Index, By Application and Country, 2023 - 2029 |
| 8.4. Europe Acrylonitrile Butadiene Styrene (ABS) Market Dynamics – Trends |
| 9. Asia-Pacific Acrylonitrile Butadiene Styrene (ABS) Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 9.1. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Electrical And Electronics |
| 9.1.2. Consumer Goods |
| 9.1.3. Construction |
| 9.1.4. Automotive |
| 9.1.5. Appliances |
| 9.1.6. Others |
| 9.2. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Japan |
| 9.2.2. China |
| 9.2.3. India |
| 9.2.4. ASEAN |
| 9.2.5. Australia & New Zealand |
| 9.2.6. Rest of Asia-Pacific |
| 9.3. Asia-Pacific Acrylonitrile Butadiene Styrene (ABS) Market - Opportunity Analysis Index, By Application and Country, 2023 - 2029 |
| 9.4. Asia-Pacific Acrylonitrile Butadiene Styrene (ABS) Market Dynamics – Trends |
| 10. Latin America Acrylonitrile Butadiene Styrene (ABS) Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 10.1. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Electrical And Electronics |
| 10.1.2. Consumer Goods |
| 10.1.3. Construction |
| 10.1.4. Automotive |
| 10.1.5. Appliances |
| 10.1.6. Others |
| 10.2. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Brazil |
| 10.2.2. Mexico |
| 10.2.3. Argentina |
| 10.2.4. Rest of Latin America |
| 10.3. Latin America Acrylonitrile Butadiene Styrene (ABS) Market - Opportunity Analysis Index, By Application and Country, 2023 - 2029 |
| 10.4. Latin America Acrylonitrile Butadiene Styrene (ABS) Market Dynamics – Trends |
| 11. Middle East and Africa Acrylonitrile Butadiene Styrene (ABS) Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) (Volume, Kilo Tons) |
| 11.1. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Electrical And Electronics |
| 11.1.2. Consumer Goods |
| 11.1.3. Construction |
| 11.1.4. Automotive |
| 11.1.5. Appliances |
| 11.1.6. Others |
| 11.2. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Gulf Cooperation Council (GCC) Countries |
| 11.2.2. Israel |
| 11.2.3. South Africa |
| 11.2.4. Rest of MEA |
| 11.3. MEA Acrylonitrile Butadiene Styrene (ABS) Market - Opportunity Analysis Index, By Application and Country, 2023 - 2029 |
| 11.4. MEA Acrylonitrile Butadiene Styrene (ABS) Market Dynamics – Trends |
| 12. Competition Landscape |
| 12.1. Strategic Dashboard of Top Market Players |
| 12.2. Company Profiles (Introduction, Financial Analysis, Application & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 12.2.1. BASF (Ludwigshafen, Germany) |
| 12.2.2. 3M (Minnesota, United States) |
| 12.2.3. Covestro AG (Leverkusen, Germany) |
| 12.2.4. INEOS (London, UK) |
| 12.2.5. SABIC (Riyadh, Saudi Arabia) |
| 12.2.6. LG Chemicals (Seoul, South Korea) |
| 12.2.7. Chi Mei Corporation (Tainan City, Taiwan) |
| 12.2.8. Asahi Kasei Corp. (Tokyo, Japan) |
| 12.2.9. KUMHO PETROCHEMICAL (Seoul, South Korea) |
| 12.2.10. Formosa Chemicals & Fibre Corp (Tainan City, Taiwan) |
| 13. Research Methodology |
| 14. Key Assumptions and Acronyms |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.