USD Analytics forecasts the global Acrylonitrile Butadiene Styrene market size to increase from $26.8 Billion in 2024 to $39.3 Billion in 2032, registering a CAGR of 4.9% during the forecast period.
Driven by superior properties of high impact resistance, chemical stability, wide operational temperature range, structural strength, insulation, and ease of handling advantages, the applications using Acrylonitrile Butadiene Styrene are increasing. Potential advantages compared to other polymers such as polystyrene and polyethylene encourage the market penetration of the highly versatile plastic.
Strong demand from 3D printing for toys, pipes and fittings, computer accessories, and others present strong growth prospects for manufacturers and vendors. Low capital expenditure for new plant installation, inexpensiveness of ABS and easy to manufacture advantages shape the fragmented nature of the industry. Direct correlation of ABS prices with automotive demand shape the revenue for manufacturers and vendors. The rapid shift of automotive, E&E, appliance manufacturing hubs to Asian markets is significantly impacting the ABS market dynamics.
The market report analyses the leading companies in the industry including AcoMold Co Ltd, CHIMEI, China National Petroleum Corp, Dongguan Sincere Tech Co. Ltd, EX MOULD Co. Ltd, Formosa Plastics Corp, HTI Plastics, INEOS Styrolution Group GmbH, INEOS StyrolutionGroup GmbH, Jaco Products, JSR Corp, LG Chem Ltd, LOTTE Chemical Corp, ReblingPower Connectors, Rutland Plastics, SABIC, Springboard, Toray Industries Inc, Trinseo, and others.
China holds more than 35% of global ABS capacity is concentrated in China while over 58% of demand (volume) originates in the country. In particular, North East Asian economies and India are emerging as the major consumption centers. South Korea and Taiwan are the two largest exporters followed by Belgium, Malaysia, the Netherlands, and others. For instance, SABIC is planning pelletized polycarbonate and PC/ABS blends in China. Similarly, Zhejiang Petrochemicals to add 1.2 MMt/y additional capacity.
The impact-resistant engineering thermoplastic is made of acrylonitrile, butadiene, and styrene monomers. The most installed technology for the production of the amorphous polymer is combing the three monomers where acrylonitrile develops a polar attraction with butadiene and styrene monomers. Based on the desired end-user product characteristics, the proption of the monomers is varied to achieve diverse chemical/temperature stability, strength, and finish. Accordingly, the price fluctuations of these monomers directly affect the pricing and supply-demand dynamics of ABS. Accordingly, leading global raw material companies are investing in capacity expansions near to Acrylonitrile Butadiene Styrene manufacturing units.
Table- Global Acrylonitrile Butadiene Styrene Imports and Exports by Country, USD Million, 2023
|
USD MILLION |
Imports |
|
|
Exports |
|
World |
6663.6 |
|
World |
6016.2 |
|
China |
1543.3 |
|
South Korea |
1801.9 |
|
Germany |
423.7 |
|
Taiwan |
1044.9 |
|
United States |
372.8 |
|
Belgium |
509.6 |
|
Vietnam |
322.2 |
|
Malaysia |
370.1 |
|
Mexico |
295.2 |
|
Netherlands |
345.8 |
|
Others |
3706.4 |
|
Others |
1943.9 |
Flame-resistant ABS variants that help maintain safety without the need for metal reinforcements in electric vehicles are gaining significant revenue growth. ABS continue to form a substantial proportion of the high-level performance of cars, trains, busses and airplanes. In particular, with increasing sales of electric cars and the potential danger from thermal runaways, automakers are investing in ABS resins to cater to stringent regulations. SABIC and LG Chem are developing ABS formulations with enhanced flame resistance that meet Underwriters Laboratories Standards UL94 and UL746 regulations.
The use of ABS in the vicinity of battery cells to prevent thermal runaways, breakers and switches with risk of ignition, EVC cables for prevention of fire propagation, and others continue to fuel the market outlook. In particular, non-halogenated flame retardants are being launched and marketed across EV applications by Trinseo, INEOS Styrolution, and others. High-gloss, scratch-resistant flame-retardant ABS in aesthetic parts like dashboard consoles and control panels also present strong growth opportunities.
Versatile properties of Acrylonitrile butadiene styrene (ABS) are encouraging manufacturers to introduce products with varying strength, durability, and temperature resistance properties for end-user applications. The copolymer is used in filament form for the fused deposition modeling (FDM/FFF) process. The low-cost advantage of ABS strengthens its application in 3D printing. MakerBot, Ultimaker, and others are developing ABS filaments optimized for 3D printers that ensure high durability and detail in prototypes. Further, as 3D printing extends beyond prototyping, consumer-grade applications into aerospace and defense, automotive, appliances, and others.
The automotive sector accounted for 41.3% of the global Acrylonitrile Butadiene Styrene (ABS) market, making it the largest application segment. In addition, 24.8% market share in revenue terms originates from appliances. Low density of the ABS products enables light weight and fuel efficiency, offer excellent impact resistance and durability for use in vehicle interior and exterior components like dashboards, trims, and bumpers. Further, customized ABS in color and texture enable use in dashboards and door panels. In addition, flame-retardant ABS grades are gaining traction for use in battery housings and other high-temperature areas. Injection molding, CNC machining, 3D printing, extrusion, blow molding, thermoforming, and other manufacturing processes are widely deployed.
Opaque Acrylonitrile Butadiene Styrene (ABS) is projected to be the largest revenue-generating type, accounting for 38.5% of the total market share. The long-lasting finish of opaque ABS coupled with resistance to chemical and UV exposure drives its demand across applications. Opaque ABS is extensively used in the automotive industry, particularly for interior and exterior components. In addition, casings and housings for laptops, smartphones, and home appliances support the market outlook. Further, non-toxic nature, ease of sterilization, and mechanical properties of opaque ABS strengthens its demand across medical devices.
Asia Pacific is the largest end-user of ABS with 46.8% market share and is poised to register a robust 5.2% CAGR over the forecast period to 2032. China is the largest country in the region and Northeast Asia is the most potential growth market in Asia Pacific. Steady demand growth from Automotive and appliances industries support the market demand. Growth in construction activities and infrastructure projects supports the sales. Currently, developing economies in the Asia and Pacific region annually invest an estimated $881 billion in infrastructure according to the Asian Development Bank. Further, new passenger car sales in the Asia Pacific/Middle East countries increased from 38.7 million in 2022 to 42.6 million in 2023, supporting strong prospects for ABS manufacturers.
|
Parameter |
Details |
|
Market Size (2024) |
$26.8 Billion |
|
Market Size (2032) |
$39.3 Billion |
|
Market Growth Rate |
4.9% |
|
Largest Segment- Application |
Automotive (41.3% market share) |
|
Fastest Growing Market- Region |
Asia Pacific (5.2% CAGR) |
|
Largest Segment- Technology |
Injection Molding |
|
Largest Segment- Manufacturing Process |
Emulsion Polymerization |
|
Largest Segment- Grade |
High-Impact ABS |
|
Segments |
Types, Grades, Technology, Manufacturing Process, Applications |
|
Study Period |
2018- 2023 and 2024-2032 |
|
Units |
Revenue (USD) |
|
Qualitative Analysis |
Porter’s Five Forces, SWOT Profile, Market Share, Scenario Forecasts, Market Ecosystem, Company Ranking, Market Dynamics, Industry Benchmarking |
|
Companies |
BASF SE, ChiMei Corp, Covestro AG, Formosa Chemicals & Fibre Corp, INEOS Styrolution, IRPC, Kumho Petrochemical, LG Chem Ltd, Lotte Chemical, Petrochina Co Ltd, Ravago Manufacturing, RTP Company, SABIC, Shanghai Gaoqiao Petrochemical Company, Techno UMG Ltd, The Iran Petrochemical Commercial Company, Tianjin Dagu Chemical, Toray Industries Inc, Trinseo, Versalis |
|
Countries |
US, Canada, Mexico, Germany, France, Spain, Italy, UK, Russia, China, India, Japan, South Korea, Australia, South East Asia, Brazil, Argentina, Middle East, Africa |
Type
Grade
Manufacturing Process
Technology
Application
Countries Analyzed
Acrylonitrile Butadiene Styrene Companies Profiled in the Study
*- List Not Exhaustive
About USD Analytics
Table of Contents
1. Executive Summary
What’s New in 2024?
Top 10 Takeaways from the industry
Potential Opportunities for Industry Stakeholders
Strategic Imperatives
Company Market Positioning
Industry Benchmarking Matrix
2. Research Scope and Methodology
Market Definition
Market Segments
Companies Profiled
Research Methodology
Data Sources
Conversion Rates for USD
Abbreviations
3. Strategic Landscape: Key Insights and Implications
Spotlight: Key Strategies opted by Business Leaders
Competitive Landscape
SWOT Analysis
Porter’s Five Force Analysis
Macro-Environmental Analysis
5. Growth Opportunity Analysis
Trends at a Glance
Market Dynamics
Key Industry Stakeholders
Regulatory Landscape
6. Market Size Outlook to 2032
Global Acrylonitrile Butadiene Styrene Market Size Forecast, USD Million, 2018- 2032
Scenario Analysis
Pricing Analysis and Outlook
7. Historical Acrylonitrile Butadiene Styrene Market Size by Segments, 2018- 2023
Key Statistics, 2024
Acrylonitrile Butadiene Styrene Market Size Outlook by Type, USD Million, 2018-2023
Growth Comparison (y-o-y) across Acrylonitrile Butadiene Styrene Types, 2018-2023
Acrylonitrile Butadiene Styrene Market Size Outlook by Application, USD Million, 2018-2023
Growth Comparison (y-o-y) across Acrylonitrile Butadiene Styrene Applications, 2018-2023
8. Acrylonitrile Butadiene Styrene Market Size Outlook by Segments, 2024- 2032
Acrylonitrile Butadiene Styrene Market Size Outlook by Type, USD Million, 2024-2032
Growth Comparison (y-o-y) across Acrylonitrile Butadiene Styrene Types, 2024-2032
Acrylonitrile Butadiene Styrene Market Size Outlook by Grade, USD Million, 2024-2032
Growth Comparison (y-o-y) across Acrylonitrile Butadiene Styrene Grade, 2024-2032
Acrylonitrile Butadiene Styrene Market Size Outlook by Manufacturing Process, USD Million, 2024-2032
Growth Comparison (y-o-y) across Acrylonitrile Butadiene Styrene Manufacturing Process, 2024-2032
Acrylonitrile Butadiene Styrene Market Size Outlook by Technology, USD Million, 2024-2032
Growth Comparison (y-o-y) across Acrylonitrile Butadiene Styrene Technology, 2024-2032
Acrylonitrile Butadiene Styrene Market Size Outlook by End-Users, USD Million, 2024-2032
Growth Comparison (y-o-y) across Acrylonitrile Butadiene Styrene End-Users, 2024-2032
9. Acrylonitrile Butadiene Styrene Market Size Outlook by Region
North America
Europe
Asia Pacific
South America
Middle East and Africa
10. United States Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
United States Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
United States Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
United States Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
11. Canada Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
Canada Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
Canada Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
Canada Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
12. Mexico Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
Mexico Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
Mexico Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
Mexico Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
13. Germany Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
Germany Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
Germany Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
Germany Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
14. France Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
France Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
France Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
France Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
15. United Kingdom Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
United Kingdom Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
United Kingdom Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
United Kingdom Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
10. Spain Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
Spain Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
Spain Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
Spain Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
16. Italy Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
Italy Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
Italy Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
Italy Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
17. Benelux Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
Benelux Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
Benelux Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
Benelux Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
18. Nordic Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
Nordic Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
Nordic Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
Nordic Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
19. Rest of Europe Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Europe Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
Rest of Europe Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
Rest of Europe Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
20. China Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
China Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
China Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
China Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
21. India Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
India Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
India Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
India Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
22. Japan Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
Japan Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
Japan Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
Japan Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
23. South Korea Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
South Korea Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
South Korea Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
South Korea Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
24. Australia Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
Australia Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
Australia Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
Australia Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
25. South East Asia Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
South East Asia Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
South East Asia Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
South East Asia Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
26. Rest of Asia Pacific Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Asia Pacific Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
Rest of Asia Pacific Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
Rest of Asia Pacific Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
27. Brazil Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
Brazil Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
Brazil Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
Brazil Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
28. Argentina Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
Argentina Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
Argentina Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
Argentina Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
29. Rest of South America Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of South America Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
Rest of South America Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
Rest of South America Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
30. United Arab Emirates Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
United Arab Emirates Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
United Arab Emirates Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
United Arab Emirates Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
31. Saudi Arabia Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
Saudi Arabia Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
Saudi Arabia Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
Saudi Arabia Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
32. Rest of Middle East Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Middle East Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
Rest of Middle East Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
Rest of Middle East Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
33. South Africa Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
South Africa Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
South Africa Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
South Africa Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
34. Rest of Africa Acrylonitrile Butadiene Styrene Market Analysis and Outlook, 2021- 2032
Key Statistics
Rest of Africa Acrylonitrile Butadiene Styrene Market Size Outlook by Type, 2021- 2032
Rest of Africa Acrylonitrile Butadiene Styrene Market Size Outlook by Application, 2021- 2032
Rest of Africa Acrylonitrile Butadiene Styrene Market Size Outlook by End-User, 2021- 2032
35. Key Companies
Market Share Analysis
Company Benchmarking
Financial Analysis
36. Recent Market Developments
37. Appendix
Looking Ahead
Research Methodology
Legal Disclaimer
Type
Grade
Manufacturing Process
Technology
Application
Countries Analyzed
Global Acrylonitrile Butadiene Styrene Market Size is valued at $26.8 Billion in 2024 and is forecast to register a growth rate (CAGR) of 6.6% to reach $44.7 Billion by 2032.
Automotive (41.3% market share), Injection Molding, Emulsion Polymerization, High-Impact ABS
BASF SE, ChiMei Corp, Covestro AG, Formosa Chemicals & Fibre Corp, INEOS Styrolution, IRPC, Kumho Petrochemical, LG Chem Ltd, Lotte Chemical, Petrochina Co Ltd, Ravago Manufacturing, RTP Company, SABIC, Shanghai Gaoqiao Petrochemical Company, Techno UMG Ltd, The Iran Petrochemical Commercial Company, Tianjin Dagu Chemical, Toray Industries Inc, Trinseo, Versalis
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume
Asia Pacific (5.2% CAGR)