Press release
Acrylonitrile Butadiene Styrene (ABS) Market to Continue Impressive Measured Growth through 2031 | BASF SE, 3M, Covestro AG.
Acrylonitrile Butadiene Styrene (ABS) Market
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What is the projected growth of the Global Acrylonitrile Butadiene Styrene (ABS) market?
Global Acrylonitrile Butadiene Styrene (ABS) Market reached US$ 27.0 billion in 2022 and is expected to reach US$ 45.1 billion by 2031, growing with a CAGR of 6.8% during the forecast period 2024-2031.
What is Acrylonitrile Butadiene Styrene (ABS) Market?
The Acrylonitrile Butadiene Styrene (ABS) market is expanding due to its high strength, impact resistance, and versatility in automotive, electronics, and consumer goods. Growing demand for lightweight materials, particularly in electric vehicles and 3D printing, fuels market growth. Sustainability efforts, recyclability concerns, and fluctuating raw material prices influence industry dynamics, driving innovation in eco-friendly ABS alternatives.
Who are the major players in the Acrylonitrile Butadiene Styrene (ABS) market?
The prominent players in Acrylonitrile Butadiene Styrene (ABS) market research report are:
BASF SE, 3M, Covestro AG, INEOS, SABIC, LG Chem Ltd., Chi Mei Corporation, Kumho Petrochemical, Formosa Chemicals & Fibre Corporation and Toray Industries, Inc.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
On January 31, 2022, INEOS Styrolution, a global leader in styrenics, launched Acrylonitrile Butadiene Styrene (ABS) production at its Wingles, France facility by converting an existing polystyrene line. This move makes Wingles the third ABS production site in Europe, alongside Antwerp, Belgium, and Cologne, Germany. With an annual production capacity of 50,000 tons, this expansion aims to meet the growing demand for ABS across key industries such as construction, compounding, household goods, and automotive in Europe.
On June 2, 2021, Nexeo Plastics and Covestro collaborated to launch Addigy FPB 2684 3D, a new Polycarbonate/ABS 3D printing filament with superior UV resistance for outdoor applications. The material offers the highest thermal resistance (122°C) in its class while ensuring ease of printing, making it ideal for large-part manufacturing and continuous 3D printing.
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Market Segments
By Type: Opaque, Transparent, Colored.
By Grade: High Impact, Heat Resistant, Flame Retardant, Electroplatable, Gloss, Platable, Composite Grade, Others.
By Manufacturing Process: Emulsion Polymerization, Mass Polymerization, Continuous Polymerization, Others.
By Technology: Extrusion, Injection Molding, Blow Molding, Others.
By Application: Dashboard Components, Door liners and Handles, Seat backs, seat belt components, Electronic Enclosures, Computer Keyboards, Plumbing Fittings, Water Filter Casings, Kitchen Appliances, Sanitary Products, Others.
By End-User: Appliances, Electrical and Electronics, Automotive, Consumer Goods, Building and Construction, Sports Equipment, Musical Instruments, Others.
The Acrylonitrile Butadiene Styrene (ABS) industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Acrylonitrile Butadiene Styrene (ABS) Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Email: Sai.k@datamintelligence.com
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DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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