ABS Resins Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

ABS resins are a key component of the polymer industry, with a current market value of $20.4 billion in 2024, estimated to reach $30.0 billion by 2035. This translates into a CAGR of 3.46% from 2025 to 2035, indicating that ABS resins are in high demand in a wide variety of applications. The high-growth rate of this market can be attributed to the increasing use of ABS resins in the automobile, electrical and electronic industries, resulting from the excellent properties of ABS resins, such as impact resistance, elasticity, and ease of processing. The market is also driven by the technological development of the industry and the continuous improvement of the process. For example, the development of bio-ABS resins and the introduction of ABS resins from waste are in line with the trend of sustainable development. Moreover, the major manufacturers of ABS resins, such as BASF, LG Chem, and SABIC, are constantly investing in research and development to improve their product offerings and expand their market share. Strategic alliances and collaborations between companies, aimed at improving the supply chain and product innovation, are also a major trend, enabling companies to take advantage of the growing demand for high-performance materials in various industries.

Regional Market Size

Regional Deep Dive

The ABS Resins Market is characterized by varied dynamics across regions, based on the varying industrial applications, consumers’ preferences, and regulatory frameworks. In North America, the market is driven by the robust automobile and electronics industries, while in Europe, the market is driven by the emphasis on the environment-friendly and sustainable products. In Asia-Pacific, the market is growing rapidly due to the increasing manufacturing activities and urbanization, while in the Middle East and Africa, the plastics industry is gradually developing. Latin America offers huge opportunities due to its emerging economies and availability of raw materials, but it also faces challenges related to political instability and lack of proper infrastructure.

Europe

• The European Union's stringent regulations on plastic waste management are pushing manufacturers to innovate with bio-based ABS resins, leading to collaborations between companies like BASF and various research institutions.
• In the future, as electric cars gain in popularity, the demand for high-quality ABS resins capable of withstanding higher temperatures and offering better electrical insulation will increase, and companies such as Covestro will be able to meet this demand with their new products.

Asia Pacific

• China's rapid industrialization and urbanization are driving the demand for ABS resins in construction and consumer goods, with major players like LG Chem expanding their production capacities to meet this growing need.
• India's government initiatives to boost manufacturing under the 'Make in India' program are encouraging local production of ABS resins, with companies like Supreme Petrochemicals investing in new facilities to cater to domestic and export markets.

Latin America

• Brazil's growing automotive sector is increasingly utilizing ABS resins for interior and exterior components, with local manufacturers like Braskem investing in production facilities to meet this demand.
• Regulatory changes in several Latin American countries are encouraging the use of recycled materials, resulting in an increase in the production of ABS-recyclate. These developments are supported by initiatives of the Latin American Association of the Plastics Industry.

North America

• In North America, the growing demand for light-weight components in automobiles has led to the increasing use of ABS. The need for reducing fuel consumption and emissions of exhaust gases has prompted the industry to use ABS more and more. General Motors and Ford are investing heavily in the development of new materials to improve the performance of their automobiles.
• In the United States, new regulations on the disposal of plastics have been imposed, which has led to a great interest in the use of recycled ABS resins. And the American Chemistry Council is pushing for a more sustainable use of plastics.

Middle East And Africa

• The Middle East is witnessing a surge in petrochemical investments, with companies like SABIC focusing on expanding their ABS resin production to cater to the growing demand in the region's construction and automotive sectors.
• In Africa, the development of local manufacturing capabilities is being supported by government programs aimed at reducing reliance on imports, which is expected to enhance the availability of ABS resins for various applications.

Did You Know?

“ABS resins are not only used in automotive and electronics but also in the production of LEGO bricks, showcasing their versatility and importance in various industries.” — LEGO Group Sustainability Report

Segmental Market Size

ABS resins are in steady growth, owing to their versatility in use in a number of industries, including the automobile, consumer products, and electrical industries. Demand for these resins is driven by the growing need for lightweighting in the automobile industry, as well as by the growing demand for durable, aesthetically pleasing products in the consumer products industry. In addition, regulations that promote sustainable development are encouraging manufacturers to adopt ABS resins, which are recyclabe and have lower CO2 emissions than traditional materials. The development and production of ABS resins is now at a mature stage, with companies such as BASF and LG Chem leading the way in terms of R&D and production capabilities. These resins are used mainly in automobile interiors, the casings of electrical appliances, and automobile parts. Electric vehicles, which are gaining popularity, are also expected to drive growth. In addition, new technology such as 3D printing and advanced polymerization is facilitating the development of more efficient production methods and more specialized applications.

Future Outlook

The ABS Resins Market is expected to show a significant growth from 2024 to 2035. The market is expected to increase from $20.47 billion to $30.00 billion, with a CAGR of 3.54%. This growth is mainly driven by the increasing demand for ABS resins in various end-use industries, such as automobiles, consumer goods, and electronics. The increasing demand for lightweight and durable materials is expected to increase the penetration of ABS resins in these industries, especially in the automobile industry. The development of electric vehicles will also promote the development and application of advanced materials. ABS resins will account for about one quarter of the total polymer market in the automobile industry by 2035. , compared with 18% in 2024. The development of bio-based ABS and the improvement of ABS resin recycling will also have a significant impact on the market. The trend of promoting sustainable development and the circular economy will also promote the development of ABS. Moreover, the government's policy support for reducing plastic waste and promoting sustainable materials will also create a favorable environment for the development of the market. Also, the trend of integrating smart technology into consumer products and the increasing use of ABS in 3D printing will also contribute to the market growth. In summary, the ABS Resins Market will change significantly in the future, driven by innovation, sustainable development, and changing consumer habits.