Acrylonitrile Butadiene Styrene (ABS) resin Market Size Worth USD 33.1 Billion 2032 | Emergen Research

The global market for Acrylonitrile Butadiene Styrene (ABS) resin is experiencing robust growth, fueled by increasing adoption in the automobile and medical industries, as well as the booming construction sector worldwide. Key factors driving this growth include the diverse applications of ABS in electronic appliances and automotive sectors, lightweight components in the aviation industry, and the rising demand for lightweight materials in vehicles.

Market Drivers:
ABS, known for its flexibility, resilience to temperature, and aesthetic appeal, finds extensive applications in electronic appliances and automotive sectors. The material offers design freedom and cost-effective solutions, making it ideal for various automotive components such as center consoles, seating, bumpers, and interiors. The construction sector also benefits from ABS's properties, utilizing it in areas like luggage compartments and airplane panels.

The automotive industry's increasing focus on lightweight materials to improve fuel efficiency has led to a surge in ABS usage. For example, Volkswagen Group reported a significant year-over-year rise in sales, attributing it partly to the adoption of ABS in vehicle manufacturing. Moreover, with the anticipated rise in Electric Vehicles (EVs) globally, ABS is poised for further growth in this segment.

Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/2762

Market Restraints:
Despite its widespread adoption, the ABS resin market faces challenges such as the impact of petrochemical pricing fluctuations. Raw materials for ABS production, particularly styrene, are derived from petrochemical sources, making the market vulnerable to changes in crude oil prices. Moreover, the exploration of cheaper alternatives and eco-friendly materials poses additional restraints on market growth.

Market Trends:
A notable trend in the ABS resin market is the focus on sustainable manufacturing practices. Major companies are increasingly investing in processes that utilize recycled materials to produce ABS, contributing to environmental conservation efforts.

Segment Insights:
The opaque segment dominates the ABS resin market, driven by its extensive use in automotive and aviation applications. Moreover, the extrusion segment is expected to witness fast growth due to advancements in ABS plastics through extrusion techniques. The 3D printing segment also shows significant potential, offering opportunities for complex geometries and rapid prototyping.

Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/2762

ABS Resin Top Companies and Competitive Landscape
The global Acrylonitrile Butadiene Styrene (ABS) resin market is fairly fragmented with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective ABS resin products in the market.

Some major players included in the global ABS resin market report are:
• INEOS Styrolution Group GmbH
• Trinseo
• Kumho Petrochemical
• Formosa Chemicals & Fibre Corp.
• LG Chem
• SABIC
• BASF SE
• Toray Industries, Inc.
• Mitsui Chemicals, Inc.
• Ravago
• Emco Industrial Plastics
• ELIX POLYMERS, S.L.U.
• CHIMEI
• China Petrochemical Corporation
• Dow

Acrylonitrile Butadiene Styrene Resin Latest Industry News
• In August 2022, LG Chem announced its investment of USD 400 million to extend the Acrylonitrile Butadiene Styrene (ABS) plastic facilities at its Yeosu factory. The goal was to build a 220,000-ton ABS production line while gradually retiring the previous 140,000-ton lines.
• In July 2020, BigRep released ABS and ASA, two new BigRep approved, engineering-grade materials for usage in the automotive industry along with consumer products such as outdoor as well as sports applications. The new ABS is impact-resistant and adaptable, making it suitable for a range of end-use consumer appliances and mobility applications.

Direct Order Can Be Placed Through This Link [Exclusive Copy] @ https://www.emergenresearch.com/select-license/2762

ABS Resin Market Segment Analysis

For the purpose of this report, Emergen Research has segmented the global Acrylonitrile Butadiene Styrene (ABS) resin market on the basis type, raw material, grade, manufacturing process, technology, application, end-use, and region:

• Type Outlook (Revenue, USD Billion; 2019-2032)
o Opaque
o Transparent
o Colored

• Raw Material Size Outlook (Revenue, USD Billion; 2019-2032)
o Acrylonitrile
o Polybutadiene
o Styrene

• Grade Outlook (Revenue, USD Billion; 2019-2032)
o High Impact
o Heat Resistant
o Flame Retardant Grade
o Gloss
o High Flow
o Electroplatable
o Composite Grade
o Blended ABS
o Others

• Manufacturing Process Outlook (Revenue, USD Billion; 2019-2032)
o Emulsion Polymerization
o Mass Polymerization
o Continuous Mass Polymerization
o Others

• Technology Outlook (Revenue, USD Billion; 2019-2032)
o Extrusion
o Injection Molding
o Blow Molding
o Thermoforming
o 3D printing

• Application Outlook (Revenue, USD Billion; 2019-2032)
o Dashboard Components
o Door Liners and Handles
o Seatbacks
o Seat Belt Components
o Electronic Enclosures
o Computer Keyboards
o Plumbing Fittings
o Water Filter Casings
o Kitchen Appliances
o Sanitary Products
o Others

• End-use Outlook (Revenue, USD Billion; 2019-2032)
o Appliances
1. Washing Machine
2. Refrigeration
3. Others
o Electrical and Electronics
1. Electronic Enclosures
2. Computer and Printer Housing
3. Others
o Automotive
1. Instrument Panel
2. Dashboard Console
3. Others
o Consumer Goods
1. Small Domestic Appliances
2. Protective Cases
3. Others
o Construction
1. Pipes and Fitting
2. Roofing and Membrane
3. Others
o Sports Equipment
o Musical Instruments
o Others

Browse Full Report Description + Research Methodology + Table of Content + Infographics@ https://www.emergenresearch.com/industry-report/acrylonitrile-butadiene-styrene-resin-market

Contact Us:
Eric Lee
Corporate Sales Specialist
Emergen Research
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Visit for More Insights: https://www.emergenresearch.com/insights

About Us:
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

This release was published on openPR.