Acrylonitrile Butadiene Styrene Market - By Application (Appliances, Electrical & Electronics, Automotive, Consumer Goods, Construction), By Technology (Injection Molding, Extrusion, Blow Molding, Thermoforming, 3d Painting) & Forecast, 2024 – 2032

Acrylonitrile Butadiene Styrene Market Size

Acrylonitrile Butadiene Styrene Market size was valued at over USD 30.74 billion in 2023 and is set to record over 5.7% CAGR during 2024-2032 driven by its versatile applications and superior material properties. ABS is highly valued for its excellent impact resistance, durability, and ease of processing, making it desirable in a variety of industries.

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For instance, in February 2022, PolyREC was recognized as an official data collector for Circular Plastics Alliance (CPA) for monitoring European recycled plastics with the RecoTrace system. In automotive industry, ABS is widely used for products, such as dashboards, wheel covers and body panels. With its light weight, this chemical compound helps reduce vehicle weight, improve fuel efficiency, and reduce carbon emissions.

Rising usage in the manufacture of household appliances, toys, and electronics to offer excellent aesthetic properties, including glossy finishes and color softening capabilities will also sway the market development. The higher adoption of electronic devices, driven by technological advancements and increasing disposable incomes has led to the high demand for ABS. The recyclability and cost-effectiveness of the material also makes it attractive to manufacturers aiming to produce high-quality products at competitive prices.

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However, the production and disposal of ABS may contribute to environmental pollution as it is a biodegradable plastic that can remain in landfills and oceans for years. This has led to greater regulatory scrutiny and the push for more complexity, further hindering ABS requirements. Volatile prices of raw materials, such as acrylonitrile, butadiene and styrene due to fluctuations in oil prices and supply disruptions may also limit the product uptake to some extent.

Acrylonitrile Butadiene Styrene Market Trends

The increasing adoption of 3D printing technology, where ABS is a preferred material due to its excellent mechanical properties and ease of use will favor the market growth. The strong demand for customized toughness in the healthcare, automotive and aerospace industries is driving the product adoption in additive manufacturing. The shift towards miniaturization and smart electronics is boosting the production of lightweight, durable, and high-performance components. The generation of bio-based ABS to address the environmental concerns through the addition of renewable resources is thereby enhancing the sustainability of the products.

For instance, in March 2024, Meltio introduced its latest M600 3D printer at the AMUG conference in Chicago, featuring a Blue Laser deposition head for industrial-scale production in machine shops and 24/7 environments.

Acrylonitrile Butadiene Styrene Market Analysis

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Based on application, the market value from the appliances segment recorded over USD 9.4 billion in 2023 and will generate over USD 15.7 billion by 2032 due to ideal properties for manufacturing durable, aesthetically pleasing, and high-performance household appliances. ABS is widely used in the manufacture of appliances, such as refrigerators, washing machines, vacuum cleaners, and kitchen appliances due to its good impact resistance, high tensile strength, and ease of assembly. The ability to be easily colored and finished to a glossy surface also makes it a preferred choice for appliance exteriors.

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Based on technology, the ABS market value from the injection molding segment is expected to reach over USD 21.3 billion by 2032 due to its efficiency, versatility, and ability to produce high-quality, complex parts at a rapid pace. Injection molding processes are preferred due to their excellent flow characteristics, enabling accurate reproduction of design details. They also offer cost-effective mass production of ABS parts, reducing manufacturing costs and handling time, while maintaining product consistency.

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Asia Pacific acrylonitrile butadiene styrene industry size was valued at over USD 21.6 billion in 2023 and is expected to exceed USD 36.6 billion by 2032 attributed to the rapid industrialization and urbanization like China, India, and Southeast Asian nation. The expanding middle class population in these countries has increased consumer spending on durable goods, such as appliances and electronics. Supportive government policies aimed at infrastructure development and product development are also creating favorable working conditions for the production and consumption of ABS in the region.

Acrylonitrile Butadiene Styrene Market Share

Leading ABS firms are focusing on expanding their product portfolios to cater to diverse industry demands, offering specialized grades for specific applications like automotive components, electronics housings, and construction materials. Increased R&D efforts to innovate with new synthetics, including bio-based ABS is helping these companies to stay competitive and comply with changing environmental regulations. Strategic partnerships and collaborations with raw material suppliers, distributors and end users will facilitate market access and expand geographic reach.

Acrylonitrile Butadiene Styrene Market Companies

Major players operating in the acrylonitrile butadiene styrene industry include

• LG Chem, Ltd.
• Ampa Plastics Group (Pty) Ltd.
• INEOS Styrolution Group GmbH
• Dow Chemical
• CHIMEI
• Toray Industries, Inc.
• Röchling
• Kumho Petrochemical
• ELIX Polymers
• SABIC
• Trinseo S.A. (Styron)
• China Petroleum & Chemical Corporation (SINOPEC)
• Formosa Chemicals & Fibre Corp.
• Asahi Kasei Corporation
• BASF SE

Acrylonitrile Butadiene Styrene Industry News

• In October 2022, INEOS Styrolution launched bio-attributed Terluran ABS solutions for completing its polystyrene and ABS portfolio.
• In June 2024, Trinseo unveiled new recycled ABS and SAN resins under the MAGNUM ECO, MAGNUM CR, and TYRIL CR trade name.

The acrylonitrile butadiene styrene market includes in-depth coverage of the industry, with estimates & forecast in terms of revenue and volume (USD Million) (Tons) from 2021 to 2032, for the following segments

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Market, By Application

• Appliances
• Electrical and Electronics
  • Photocopy
  • Vacuum cleaner
  • Air conditioner
  • Washing Machine
  • Laptop & Desktops
  • Others (Cctv Camera, etc)
• Automotive
  • Interior
  • Exterior
• Consumer Goods
  • LEGO
  • Others
• Construction
• Others (Packaging etc)

Market, By Technology

• Injection molding
• Extrusion
• Blow molding
• Thermoforming
• 3d Painting

By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America
• MEA
  • Saudi Arabia
  • UAE
  • South Africa
  • Egypt
  • Rest of MEA