Acrylonitrile Butadiene Styrene Resin Market Demand and Growth

 Rising demand for consumer durable products along with emerging growth of engineering plastics is driving the market revenue growth.

The global Acrylonitrile Butadiene Styrene Resin Market size was USD 21.50 Billion in 2022 and is expected to register a rapid revenue CAGR of 4.7% during the forecast period. Rising demand for ABS in automotive industry is the key factor driving market revenue growth. ABS is commonly used in the automotive industry for manufacturing of items such as Plastic alloys and decorative interior car parts.

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Competitive Landscape:

Competitive landscape of the ABS resin market is moderately fragmented with a few major companies operating on global and regional levels. Key players are engaged in strategic alliances to expand their respective portfolios and gain a robust footing in the global market. Some of the major companies included in the global market report are LG Chem, Exxon Mobil Corporation, Saudi Basic Industries Corporation, Samsung Polymer Co., Ltd., Mitsubishi Chemical Holdings Corporation, CHIMEI, Chevron Phillips Chemical Company LLC, Formosa Plastics Corporation, Kumho Petrochemical Co., Ltd., Sumitomo Chemical Co., Ltd., and China Petrochemical Corporation.

  • On 18 March 2022, herone GmbH, a Germany-based performance thermoplastics manufacturing company, inaugurated a new production facility for manufacturing aviation-grade ultra-light thermoplastic components for aviation industries. The company aims to increase production output capacity by 20,000 parts per year. It has installed sustainable machines in order to achieve production targets.

 Key questions addressed in the report:

·         What is the expected market size of the global Acrylonitrile Butadiene Styrene Resin market during the forecast period?

·         What CAGR is the global market expected to register during the forecast period?

·         Which key factors are expected to boost global market growth between 2021 and 2028?

·         What are the key restraints that are expected to hamper global market growth?

·         Which regional market is expected to register robust CAGR during the forecast period?

·         Which key players are operating the global Acrylonitrile Butadiene Styrene Resin market?

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Acrylonitrile Butadiene Styrene Resin Market Segmentation:

Source Outlook:

  • Acrylonitrile
  • Butadiene
  • Styrene monomers

 Application Outlook:

  • Consumer durable products
  • Automotive
  • Electrical and electronics
  • 3D-printing
  • Toys
  • Others

 Key Regional Markets Covered in the Report:

·         North America (U.S.A., Canada, Mexico)

·         Europe (Italy, U.K., Germany, France, Rest of Europe)

·         Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)

·         Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·         Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

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