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Acrylonitrile Butadiene Styrene (ABS) Resin Market Size (2024 - 2029)

The Acrylonitrile Butadiene Styrene (ABS) resin market is experiencing a resurgence in demand as global manufacturing and trade activities recover post-COVID-19. This growth is driven by the increasing focus on lightweight automobiles and the rising use of ABS in electronics and consumer goods. Despite challenges such as labor and raw material shortages, the market is poised for expansion, although the availability of substitutes may pose some constraints. The market's potential is further enhanced by the growing application of PC-ABS resin in industrial sectors. Asia-Pacific leads in market consumption, with significant contributions from China and India.

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Market Size of Acrylonitrile Butadiene Styrene (ABS) Resin Industry

Acrylonitrile Butadiene Styrene (ABS) Resin Market Summary
Study Period 2024 - 2029
Market Volume (2024) 9.65 Million tons
Market Volume (2029) 12.23 Million tons
CAGR (2024 - 2029) > 4.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration High

Major Players

Acrylonitrile Butadiene Styrene (ABS) Resin Market Major Players

*Disclaimer: Major Players sorted in no particular order

Acrylonitrile Butadiene Styrene (ABS) Resin Market Analysis

The Acrylonitrile Butadiene Styrene Resin Market size is estimated at 9.65 Million tons in 2024, and is expected to reach 12.23 Million tons by 2029, growing at a CAGR of greater than 4% during the forecast period (2024-2029).

The ABS resin market has been significantly impacted due to COVID-19. The market has faced several challenges, such as labor shortages, transportation, and raw material shortages due to the economic slowdown. However, after the relaxation of the lockdown process in most countries, demand for ABS resins is surging as global manufacturing and export-import activities are rapidly increasing.

  • Major factors driving the market are the growing focus on lightweight automobiles and the increasing usage of electronics and consumer goods.
  • However, the availability of substitutes for ABS is a key factor anticipated to restrain the growth of the target industry during the forecast period.
  • However, the growing usage of PC-ABS resin in industrial applications will likely create lucrative growth opportunities in the global market.
  • Asia-Pacific dominated the global market, with the largest consumption from countries like China and India.

Acrylonitrile Butadiene Styrene (ABS) Resin Industry Segmentation

Acrylonitrile butadiene styrene (ABS) resin is a thermoplastic polymer, and products manufactured from ABS resin offer properties such as colorability, dimensional stability, toughness, and resistance to high temperature and scratch.

The market is segmented based on process type, end-user industry, and geography. By process type, the market is segmented into injection blow molding, extrusion blow molding, and injection stretch blow molding. By end-user industry, the market is segmented into automotive and transportation, construction, electronics, consumer goods and appliances, and other end-user industries (medical tools). The report also covers the market size and forecasts for the acrylonitrile butadiene styrene (ABS) resin market in 27 countries across major regions. For each segment, the market sizing and forecasts are done based on volume (tons).

Process Type
Injection Blow Molding
Extrusion Blow Molding
Injection Stretch Blow Molding
End-user Industry
Automotive and Transportation
Construction
Electronics
Consumer Goods and Appliances
Other End-user Industries
Geography
Asia-Pacific
China
India
Japan
South Korea
Thailand
Vietnam
Malaysia
Indonesia
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Russia
Turkey
NORDIC
Spain
Rest of Europe
South America
Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Qatar
Nigeria
United Arab Emirates
Egypt
Rest of Middle East and Africa
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Acrylonitrile Butadiene Styrene (ABS) Resin Market Size Summary

The Acrylonitrile Butadiene Styrene (ABS) resin market is poised for growth, driven by the increasing demand for lightweight materials in the automotive sector and the rising use of ABS in electronics and consumer goods. The market has shown resilience despite challenges posed by the COVID-19 pandemic, such as labor and raw material shortages, with demand rebounding as global manufacturing activities resume. The Asia-Pacific region leads in market consumption, with significant contributions from China and India, where the automotive and electronics industries are expanding rapidly. The market's growth is further supported by the ongoing miniaturization of electronic components and enhanced safety measures across various industries.

Despite the availability of substitutes, the ABS resin market is expected to benefit from the growing use of PC-ABS in industrial applications, presenting new growth opportunities. The market is characterized by a consolidated landscape with key players like LG Chem, CHIMEI, INEOS, Formosa Plastics, and PetroChina Company Limited actively expanding their production capacities. Investments in new facilities and production lines, such as those by LG Chem and INEOS Styrolution, underscore the industry's commitment to meeting increasing demand. As the global electronics and appliances industry continues to expand, the ABS resin market is likely to experience sustained growth during the forecast period.

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Acrylonitrile Butadiene Styrene (ABS) Resin Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Focus on Lightweight Automobiles

      2. 1.1.2 Increasing Usage in Electronics and Consumer Goods

    2. 1.2 Restraints

      1. 1.2.1 Availability of Substitutes for ABS

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

    5. 1.5 Price Trends

    6. 1.6 Regulatory Policies

  2. 2. MARKET SEGMENTATION (Market Size in Volume)

    1. 2.1 Process Type

      1. 2.1.1 Injection Blow Molding

      2. 2.1.2 Extrusion Blow Molding

      3. 2.1.3 Injection Stretch Blow Molding

    2. 2.2 End-user Industry

      1. 2.2.1 Automotive and Transportation

      2. 2.2.2 Construction

      3. 2.2.3 Electronics

      4. 2.2.4 Consumer Goods and Appliances

      5. 2.2.5 Other End-user Industries

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Thailand

        6. 2.3.1.6 Vietnam

        7. 2.3.1.7 Malaysia

        8. 2.3.1.8 Indonesia

        9. 2.3.1.9 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Russia

        6. 2.3.3.6 Turkey

        7. 2.3.3.7 NORDIC

        8. 2.3.3.8 Spain

        9. 2.3.3.9 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Colombia

        4. 2.3.4.4 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Qatar

        4. 2.3.5.4 Nigeria

        5. 2.3.5.5 United Arab Emirates

        6. 2.3.5.6 Egypt

        7. 2.3.5.7 Rest of Middle East and Africa

Acrylonitrile Butadiene Styrene (ABS) Resin Market Size FAQs

The Acrylonitrile Butadiene Styrene Resin Market size is expected to reach 9.65 million tons in 2024 and grow at a CAGR of greater than 4% to reach 12.23 million tons by 2029.

In 2024, the Acrylonitrile Butadiene Styrene Resin Market size is expected to reach 9.65 million tons.

Acrylonitrile Butadiene Styrene (ABS) Market Report Snapshots

Acrylonitrile Butadiene Styrene Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)