Acrylonitrile Butadiene Styrene (ABS) Market Size By Application (Appliances, Electrical and Electronics, Automotive, Consumer Goods, Construction), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Published Date: Apr 2021  |  Report ID: GMI734  |  Authors: Kiran Pulidindi, Hemant Pandey

Report Format: PDF   |   Pages: 252   |   Base Year: 2020




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Acrylonitrile Butadiene Styrene Market was valued at USD 25.95 billion in 2020 and is anticipated to rise at a CAGR of over 6.3% from 2021 to 2027. The increasing penetration of ABS in various applications has positively influenced the market growth. The rising demand for household appliances, such as dryers, microwave ovens, and washing machines, coupled with increasing consumer spending on appliances will support the business growth.
 

Acrylonitrile butadiene styrene is a thermoplastic polymer that is commonly used in injection molding. This engineering plastic is one of the most popular thermoplastic polymers due to its low production cost and the ease with which plastic manufacturers can machine it. Additionally, it offers several versatile properties including chemical & impact resistance, excellent high- & low-temperature performance, and structural strength & stiffness.
 

Acrylonitrile Butadiene Styrene Market Overview

Get more details on this report - Request Free Sample PDF
 

The ABS market will be highly dependent on emerging economies. The growing usage of ABS in various applications including home appliances, consumer goods, and electrical & electronics products in several emerging countries is likely to drive the overall acrylonitrile butadiene styrene market share.
 

The rising penetration of ABS applications in the construction industry will positively influence the acrylonitrile butadiene styrene market growth. Growing expenditure in the construction industry mainly in developing countries owing to an increase in disposable income is among the major factors affecting industry growth. Acrylonitrile butadiene styrene is widely utilized in pipes, plastic sheets, and fittings. Technological advancements and product innovations including nylon and ABS alloys with enhanced strength will propel product development. Moreover, design flexibility, chemical resistance, and superior mechanical properties will encourage the product scope in several end-use industries.
 

Acrylonitrile Butadiene Styrene (ABS) Market Report Coverage
Report Coverage Details
Base Year:2020Historical Data for:2017 to 2020
Market Size in 2020:USD 25.95 BillionForecast Period:2021 to 2027
Forecast Period 2021 to 2027 CAGR:6.3%No. of Pages:252
2027 Value Projection:USD 39.27 Billion Tables, Charts & Figures:101
Geographies covered (23):U.S., Canada, France, Germany, UK, Italy, Spain, Russia, Poland, China, India, Japan, Indonesia, South Korea, Thailand, Taiwan, Brazil, Mexico, Argentina, Saudi Arabia, Egypt, UAE, South Africa
Segments covered:Application and Region
Growth Drivers:
  • Increasing demand for light weight automobiles to obtain better fuel efficiency
  • Growing demand for ABS from China
  • Growing home appliances market
Pitfalls & Challenges:
  • Competition from other thermoplastics
  • Environmental concerns

Get more details on this report - Request Free Sample PDF
 

The increasing application of ABS in appliances will drive the overall market

Acrylonitrile Butadiene Styrene Market by Application

Get more details on this report - Request Free Sample PDF

 

The appliances category will account for over 30% of the market share in 2027, in terms of volume. Changing lifestyles along with rising disposable incomes, mainly in the developing nations, will drive the segment growth. ABS is largely used in appliances such as microwave ovens, dryers, toasters, vacuum cleaners, washing machines, and refrigerators. The segment is mainly driven by the growing assembling plants for appliances, particularly in Asia Pacific. The rising demand for household appliances due to the growing population will drive the acrylonitrile butadiene styrene (abs) market growth over the forecast timeframe.
 

Electrical and electronics application segment is projected to grow at a CAGR of 6.8% and account for around 25% of market share by 2027 owing to its excellent electrical properties. An increase in consumer purchasing power and change in lifestyles is projected to boost the electrical and electronics industry, thereby, propelling the adoption of ABS. Furthermore, the rising demand for electrical & electronics with design flexibility, aesthetic appearance properties, and corrosion resistance will positively influence the acrylonitrile butadiene styrene market value.
 

Asia Pacific to witness significant growth during the forecast period

Acrylonitrile Butadiene Styrene Market by Region

Get more details on this report - Request Free Sample PDF

 

Asia Pacific dominated the global acrylonitrile butadiene styrene market owing to the rising demand for ABS in electronic & electrical products manufactured in China and other countries including India, Taiwan, and Japan. Additionally, an upsurge in the construction industry in emerging countries including China, India, Indonesia, and South Korea is anticipated to accelerate the overall industry growth in the region.
 

The Europe market is likely to grow significantly due to the growing applications of ABS in various industries including electrical & electronics, automotive, and construction. Automotive manufacturing is one of the most enduring industrial activities of Europe. Automakers’ demand for better quality, high-performance, and weight reduction in automobiles due to its positive effects in reducing carbon emissions will boost the acrylonitrile butadiene styrene (abs) market growth.
 

Production capacity expansion is one of the major strategic outlooks of the overall industry

The global acrylonitrile butadiene styrene industry players majorly focus on new product launches, mergers & acquisitions, production facilities expansion, and partnership agreements. These are among the key strategies implemented by manufacturers to enhance their market shares.
 

Some of the key manufacturers include LG Chem, Ltd., CHIMEI, INEOS Styrolution Group GmbH, Kumho Petrochemical, Formosa Chemicals & Fibre Corp., Trinseo S.A., Asahi Kasei Corporation, SABIC, China Petroleum & Chemical Corporation, ELIX Polymers, BASF SE, Röchling, Toray Industries, Inc., Ampa Plastics Group (Pty) Ltd., The Dow Chemical Company, Ravago Manufacturing Americas, LLC, Avient Corporation, Entec Polymers, RTP Company, Bayer AG, Techno-UMG Co., Ltd., and Mitsui Chemicals, Inc., among others.
 

The acrylonitrile butadiene styrene market report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilotons & revenue in USD billion from 2017 to 2027 for the following segments:

By Application

  • Appliances
  • Electrical and Electronics
  • Automotive
  • Consumer Goods
  • Construction
  • Others

By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Poland
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Indonesia
    • Thailand
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • UAE
    • Egypt
       

Frequently Asked Questions (FAQ) :

The global market for ABS had reached USD 25.95 billion in 2020 and will expand at 6.3% CAGR up to 2027 owing to high demand from home electronics like dryers, washing machines, and others.
The ABS market share form electrical and electronics application is expected to register around 6.8% CAGR over 2021-2027.
It is estimated that applications application segment will hold nearly 30% of global ABS industry share by 2027 with higher disposable incomes worldwide.
APAC is a major market for ABS owing to increased use in the production of electronics in countries like China, India, Japan and Taiwan, as well as a robust construction sector in the region.

Premium Report Details

  • Published Date: Apr 2021
  • Pages: 252
  • Tables: 91
  • Charts / Figures: 10
  • Companies covered: 22
  • Countries covered: 23

Get a report that explains COVID-19 impact on this market, request a free sample now

Buy NowImmediate delivery available

Need a Discount? Get in touch with us for special pricing

Request Discount

 Connect with our sales team

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

GMIPulse, our report store

We have introduced ‘GMIPulse’, which is our report store; designed to offer clients a one-stop platform for all market research and business intelligence requirements. Clients can access reports, presentations, raw data excel sheets as well as detailed company profiles. GMIPulse allows you to track relevant industries and stay informed with latest innovation, competitive and regulatory developments to help design strategic framework.

Chat with us
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X