Introduction
ABS is a kind of polymer obtained through the copolymerization of three kinds of monomers, namely acrylonitrile, butadiene, and styrene. Each of these three monomers has a specific property: the addition of acrylonitrile can improve the anti-corrosion and rigidity properties; butadiene promotes the shock resistance and styrene will contribute the material good fineness. It is among the low-cost engineering plastic that is easy to machine and fabricate. ABS is an ideal material for structural applications when impact resistance, strength, and stiffness are required. It is widely used for machining pre-production prototypes such as the auto dashboard since it has excellent dimensional stability and is easy to paint and glue. Natural (beige) ABS and black ABS are FDA compliant for use in food processing applications. Besides, it is widely used in the toys and electron industries including the PC enclosure.
Market Insights
According to Publisher’s latest study, the global ABS Resins market size was valued at US$ 16010 million in 2023. With growing demand in downstream market, the ABS Resins is forecast to a readjusted size of US$ 21360 million by 2030 with a CAGR of 4.2% during review period.
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Global top 5 players of ABS resins are, LG Chem, Formosa, CHIMEI, CNPC and Lotte Chemical, with nearly a half market share. Among the giants in the industry, LG Chem makes up over 10%.
The largest market size held by Asia-Pacific, with a share over 70%, followed by Europe (10%) and North America (8%).
General purpose ABS and specialty ABS are two main types of the product, in which the dominant is general purpose ABS, with a share about 80%.
Micro DC motors has been widely used in automotive, household appliances, consumer goods and electronics. And the market of household appliances is the largest segment, with a market share of 30%.
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Sikandar Kesari
Research Analyst
The report on ABS Resins market reflects various aspects and provide valuable insights into the industry.
Market Drivers and Challenges:
Market Drivers-
Vast Applications Across Industries: ABS resins are used in a wide range of industries, including consumer products, electronics housings, automotive interior and exterior components, appliances, pipes and fittings, and appliances. As a result, ABS materials are in high demand worldwide.
Expanding Electronics and Electrical Uses: ABS resins are used in a wide range of electronics and electrical applications, such as electrical enclosures, appliances, and computer and television housings. The market has grown because of the spread of consumer electronics, the demand for strong and flame-resistant materials, and the growing electronics industry.
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Building & Infrastructure Development: Because of its superior mechanical qualities, chemical resistance, and longevity, ABS resins are used in building applications, including pipes, fittings, and profiles. The demand for ABS has increased due to the expansion of infrastructure development and building activities worldwide.
Market Challenges-
Environmental Concerns: Because ABS resins are made from feedstocks sourced from petroleum, there may be negative environmental effects from both their manufacture and disposal. The industry must overcome obstacles in the areas of recycling, sustainability, and carbon footprint reduction. The market is challenged by growing regulations and consumer desire for environmentally friendly substitutes.
Price volatility for raw materials: The three monomers that make up ABS resins are acrylonitrile, butadiene, and styrene. These materials' pricing are influenced by a number of variables, including the availability of feedstock, world events, and the price of crude oil. The profitability of companies who produce ABS resin may be impacted by this price volatility for raw materials.
Technological Developments:
Bio-based ABS Resins: As the importance of sustainability increases, scientists and producers are looking into the creation of bio-based ABS resins made from biomass and vegetable oils, two renewable resources. These bio-based substitutes solve environmental issues and have a lower carbon footprint.
High Heat Resistance Grades: As a result of technological developments, ABS resins with increased heat resistance have been created, making them appropriate for use in high-temperature settings. These developments increase the possible uses of ABS resins in sectors including electronics, aerospace, and automotive.
Recommendations and Opportunities:
Adopt Sustainable Manufacturing methods: Throughout the ABS resin lifetime, from raw material sourcing and production to product design, use, and end-of-life management, adopt sustainable manufacturing methods, resource efficiency, and circular economy principles.
Examine Applications in Niche Markets: Examine specialized uses and developing industries for ABS resins, such as additive manufacturing, electrical insulation, medical devices, and 3D printing filaments, in order to increase demand, diversify revenue sources, and reach a wider audience.
Market Forecasts and Future Outlook:
The need for strong, long-lasting, and environmentally friendly materials in a variety of industries, together with urbanization and industrialization, are expected to propel the global market for ABS resins. In the global ABS resins market, there are potential for growth, differentiation, and market leadership due to technological advancements, sustainability initiatives, and market expansion into emerging nations. Stakeholders in the ABS resins business can overcome obstacles, seize opportunities, and advance sustainability and technology by embracing innovation, sustainability, and strategic collaborations.
Market Size and Growth: The research report provide an overview of the current size and growth of the ABS Resins market. It may include historical data, market segmentation by Type (e.g., General Purpose ABS, Specialty ABS), and regional breakdowns.
Competitive Landscape: The research report provides analysis of the competitive landscape within the ABS Resins market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the ABS Resins market. It includes factors influencing customer ' purchasing decisions, preferences for ABS Resins product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the ABS Resins market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting ABS Resins market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the ABS Resins market.
Market Segmentation:
ABS Resins market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
General Purpose ABS
Specialty ABS
Segmentation by application
Automotive
Household Appliances
Consumer Goods
Electronics
Others
Segmentation by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Key Players
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
LG Chem
Formosa
CHIMEI
CNPC
Lotte Chemical
INEOS Styrolution
Toray
SABIC
JSR
Dagu Chemical
KKPC
Huajin Chemical
Gaoqiao
Grand Pacific Petrochemical
Trinseo
Kumho Sunny
Table of Contents
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global ABS Resins Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for ABS Resins by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for ABS Resins by Country/Region, 2019, 2023 & 2030
2.2 ABS Resins Segment by Type
2.2.1 General Purpose ABS
2.2.2 Specialty ABS
2.3 ABS Resins Sales by Type
2.3.1 Global ABS Resins Sales Market Share by Type (2019-2024)
2.3.2 Global ABS Resins Revenue and Market Share by Type (2019-2024)
2.3.3 Global ABS Resins Sale Price by Type (2019-2024)
2.4 ABS Resins Segment by Application
2.4.1 Automotive
2.4.2 Household Appliances
2.4.3 Consumer Goods
2.4.4 Electronics
2.4.5 Others
2.5 ABS Resins Sales by Application
2.5.1 Global ABS Resins Sale Market Share by Application (2019-2024)
2.5.2 Global ABS Resins Revenue and Market Share by Application (2019-2024)
2.5.3 Global ABS Resins Sale Price by Application (2019-2024)
3 Global ABS Resins by Company
3.1 Global ABS Resins Breakdown Data by Company
3.1.1 Global ABS Resins Annual Sales by Company (2019-2024)
3.1.2 Global ABS Resins Sales Market Share by Company (2019-2024)
3.2 Global ABS Resins Annual Revenue by Company (2019-2024)
3.2.1 Global ABS Resins Revenue by Company (2019-2024)
3.2.2 Global ABS Resins Revenue Market Share by Company (2019-2024)
3.3 Global ABS Resins Sale Price by Company
3.4 Key Manufacturers ABS Resins Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers ABS Resins Product Location Distribution
3.4.2 Players ABS Resins Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Mergers & Acquisitions, Expansion
4 World Historic Review for ABS Resins by Geographic Region
4.1 World Historic ABS Resins Market Size by Geographic Region (2019-2024)
4.1.1 Global ABS Resins Annual Sales by Geographic Region (2019-2024)
4.1.2 Global ABS Resins Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic ABS Resins Market Size by Country/Region (2019-2024)
4.2.1 Global ABS Resins Annual Sales by Country/Region (2019-2024)
4.2.2 Global ABS Resins Annual Revenue by Country/Region (2019-2024)
4.3 Americas ABS Resins Sales Growth
4.4 APAC ABS Resins Sales Growth
4.5 Europe ABS Resins Sales Growth
4.6 Middle East & Africa ABS Resins Sales Growth
5 Americas
5.1 Americas ABS Resins Sales by Country
5.1.1 Americas ABS Resins Sales by Country (2019-2024)
5.1.2 Americas ABS Resins Revenue by Country (2019-2024)
5.2 Americas ABS Resins Sales by Type
5.3 Americas ABS Resins Sales by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC ABS Resins Sales by Region
6.1.1 APAC ABS Resins Sales by Region (2019-2024)
6.1.2 APAC ABS Resins Revenue by Region (2019-2024)
6.2 APAC ABS Resins Sales by Type
6.3 APAC ABS Resins Sales by Application
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe ABS Resins by Country
7.1.1 Europe ABS Resins Sales by Country (2019-2024)
7.1.2 Europe ABS Resins Revenue by Country (2019-2024)
7.2 Europe ABS Resins Sales by Type
7.3 Europe ABS Resins Sales by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa ABS Resins by Country
8.1.1 Middle East & Africa ABS Resins Sales by Country (2019-2024)
8.1.2 Middle East & Africa ABS Resins Revenue by Country (2019-2024)
8.2 Middle East & Africa ABS Resins Sales by Type
8.3 Middle East & Africa ABS Resins Sales by Application
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of ABS Resins
10.3 Manufacturing Process Analysis of ABS Resins
10.4 Industry Chain Structure of ABS Resins
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 ABS Resins Distributors
11.3 ABS Resins Customer
12 World Forecast Review for ABS Resins by Geographic Region
12.1 Global ABS Resins Market Size Forecast by Region
12.1.1 Global ABS Resins Forecast by Region (2025-2030)
12.1.2 Global ABS Resins Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country
12.3 APAC Forecast by Region
12.4 Europe Forecast by Country
12.5 Middle East & Africa Forecast by Country
12.6 Global ABS Resins Forecast by Type
12.7 Global ABS Resins Forecast by Application
13 Key Players Analysis
13.1 LG Chem
13.1.1 LG Chem Company Information
13.1.2 LG Chem ABS Resins Product Portfolios and Specifications
13.1.3 LG Chem ABS Resins Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 LG Chem Main Business Overview
13.1.5 LG Chem Latest Developments
13.2 Formosa
13.2.1 Formosa Company Information
13.2.2 Formosa ABS Resins Product Portfolios and Specifications
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