Increasing demand for lightweight, durable, and aesthetically pleasing materials in various industries, is expected to drive market expansion in the near future at a CAGR of 5.00% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the “Global ABS Resins Market”.

The ABS Resins market is estimated to register a CAGR of 5.00% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global ABS Resins market— 3M Company, Arkema Group, Ashland Global Holdings, Inc., BASF SE, Chemtura Corporation, Covestro AG, Elix Polymers, Formosa Chemicals & Fibre Corporation, Grand Pacific Petrochemical Corporation, Lanxess AG, LG Chem, LyondellBasell Industries NV, NEOS Styrolution Group GmbH, NOVA Chemicals Corporation, SABIC.

Market Highlights

The global ABS Resins market is accounted to register a CAGR of 5.00% during the forecast period and is estimated to reach USD 47.9 billion by 2032.

ABS resins are highly favored for their exceptional combination of strength and rigidity, impact resistance, and resistance to heat and chemicals, making them versatile materials for a wide range of applications. Their use in automotive components, consumer electronics, and construction materials has surged due to the need for lightweight yet durable parts, energy efficiency, and design flexibility. Additionally, ABS resins are recognized for their aesthetic appeal and ease of customization, allowing for intricate designs and a wide spectrum of colors. Their use in consumer goods, electronics casings, and decorative elements in construction further contributes to their market growth.

Segment Analysis

The global ABS Resins market has been segmented based on process type and end user.

On the basis of process type, the market is segmented into Injection Blow Molding, Extrusion Blow Molding and Injection Stretch Blow Molding. The injection blow molding segment was attributed to holding the largest market share in 2022, due to its versatility and efficiency in creating high-quality, complex, and seamless plastic products.

Based on end user, the global ABS Resins market has been segmented into Automotive and Transportation, Construction, Electronics, Consumer Goods and Appliances and Others. The automotive & transportation segment was expected to hold the largest market share in 2022, due to the widespread use of ABS in this industry.

Regional Analysis

The global ABS Resins market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe ABS Resins market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The ABS Resins market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World ABS Resins market comprises of Middle East, Africa, and Latin America.

The largest market share for ABS Resins was maintained by the North American regional sector. This increase is attributed to the robust automotive and construction industries. ABS resins find extensive use in both sectors due to their lightweight properties, impact resistance, and versatility for creating durable and aesthetically pleasing components. Additionally, the region's emphasis on sustainable and eco-friendly materials has further boosted the adoption of ABS resins, as they can be engineered to meet environmental standards and contribute to energy efficiency, making them a preferred choice for manufacturers and consumers.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for ABS Resins is driven by stringent environmental regulations promoting the use of recyclable and eco-friendly materials in manufacturing, and the region's strong presence in the automotive and consumer goods industries, where ABS resins find extensive applications due to their lightweight, durable, and aesthetically pleasing properties, aligning with the demands of these sectors for advanced and sustainable materials.

Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to the region's thriving manufacturing sector, with a focus on automotive, electronics, and consumer goods production. Rapid industrialization, a growing middle class, and increasing consumer demand for durable and aesthetically pleasing products have boosted the use of ABS resins in these key industries. Additionally, the emphasis on lightweight materials, stringent quality standards, and the development of technologically advanced products further solidify Asia Pacific's position as a dominant market for ABS resins

Furthermore, the rest of the world's ABS Resins market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's growing construction and automotive industries, which require ABS resins for various applications in structural components, interior trims, and consumer goods.

Key Findings of the Study

• The global ABS Resins market is expected to reach USD 30.9 billion by 2032, at a CAGR of 5.00% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market due to the region's thriving manufacturing sector, with a focus on automotive, electronics, and consumer goods production.


• Based on process type, the injection blow molding segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.


• 3M Company, Arkema Group, Ashland Global Holdings, Inc., BASF SE, Chemtura Corporation, Covestro AG, Elix Polymers, Formosa Chemicals & Fibre Corporation, Grand Pacific Petrochemical Corporation, Lanxess AG, LG Chem, LyondellBasell Industries NV, NEOS Styrolution Group GmbH, NOVA Chemicals Corporation, SABIC.