Acrylonitrile Butadiene Styrene Market Research Report Forecast To 2027

Global Acrylonitrile Butadiene Styrene Market By Applications (Appliances, Electrical & Electronics, Automotive, Building & Construction, Consumer Goods, Sports Equipment, Musical Instruments, And Others) And By Region Till 2027

ID: MRFR/CnM/4117-HCR | February 2021 | Region: Global | 140 pages

Please note that the assessment period of report has been updated from 2016-2023 to 2020-2027. Cordially fill the sample form for updated data.

Market Overview:


Acrylonitrile Butadiene Styrene (ABS) is a basic type of thermoplastic-based polymer, which occurs in the form of amorphous powder. It is manufactured by polymerization of acrylonitrile and styrene in the presence of Polybutadiene, which results in a long chain ABS polymer. ABS is a shiny plastic with an impervious surface. The product exhibits some important mechanical properties such as a greater impact and heat resistance and durability. ABS can be easily modified with alteration of its basic properties according to its applications in particular industry. It can be ABS can be manufactured in different types depending on the grades. Among them, one is the ABS for extrusion, and another one is ABS for injection molding. On account of its beneficial properties such as an impact and heat resistance, ABS is majorly used in the manufacturing of rigid, light, and molded parts for numerous major end-use industries namely automotive, building & construction, sports, consumer goods, and electronics.


The protuberant factors driving the growth of the global Acrylonitrile Butadiene Styrene are the rapidly growing construction activities, increasing urbanization and industrialization around the world, wherein the demand for the product is continuously increasing. Apart from these, increasing standards of living and disposable income of people, especially in developing countries incentivizing them to invest more in the high-end construction and decorative home activities. This is anticipated to boost the demand for the Acrylonitrile Butadiene Styrene during the years to follow. The changing lifestyle of people in the world is reflecting their consumer patterns, which can be observed with increasing demand for the household appliances and other electronic equipment. According to Statista, the global electronics industry is expected to grow at a healthy CAGR of around 5% during 2016-2018 and is also estimated to retain the same growth trajectory owing to the increasing global demand, especially from the Asia Pacific. Moreover, the major players manufacturing the product are heavily investing in the production of Acrylonitrile Butadiene Styrene to meet increasing demand from diverse end-use industries. Lastly, the widening of the scope of applications in vast applications on account of the lightweight, better chemical and chemical resistance, greater strength & durability, excellent design flexibility, corrosion resistance, and superior mechanical characteristics of the product are likely to propel the growth of the Market during the forecast period. However, the major factor, which can hamper growth momentum of the Market during the period under consideration is fluctuating prices of this product on the backdrop of the limited supply of raw material as compared to the demand for the end product.


Global Acrylonitrile Butadiene Styrene Market Share, By End-Use Industry 2016 (%)


 Acrylonitrile Butadiene Styrene Market


Source: MRFR Analysis


Regional Analysis


The global Acrylonitrile Butadiene Styrene Market is spanned across North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. The Asia Pacific is estimated to dominate the Market due to the considerable growth in the automotive and building & construction industry. The major contributors to the Market in this region are South Korea, China, India, and Japan. This is attributed to rapidly increasing government and private investment in infrastructural development. After the Asia Pacific, North America is the second most substantial region in the global Acrylonitrile Butadiene Styrene Market. The U.S. is the major Market in this region on account of the presence of well-established end-use industries such as automotive and sports. Europe is following North America, in terms of the Market size, in the global Acrylonitrile Butadiene Styrene Market. The regional Market is dominated by the U.K, Germany, France, and Italy. The Aerospace and automotive industries in Europe are the responsible for the major consumption of Acrylonitrile Butadiene Styrene in this region. This is expected to drive demand for the product in this regional Market. Latin America has been observed to witness a steady growth of end-user industries in countries namely Brazil, Venezuela, and Argentina, after the recent economic and political turmoil. In coming years there is a huge growth opportunity for construction and sports industry in the Middle East & Africa, which is likely to help boost the growth of the regional Market.


Segmentation


The global Acrylonitrile Butadiene Styrene Market is segregated on the basis of application and region.


Based on the application the Market is divided into appliances, electrical & electronics, automotive, building & construction, consumer goods, sports equipment, musical instruments, and others.


Geographically, the Markets are divided into five major regions namely, North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America.


Key Players


The prominent players in the global Acrylonitrile Butadiene Styrene Market are LG Chem. (South Korea), INEOS Styrolution (Germany), Trinseo (U.S.), KUMHO PETROCHEMICA (South Korea), Formosa Chemicals & Fibre Corp. (Taiwan), SABIC (Saudi Arabia),  BASF SE (Germany),  TORAY INDUSTRIES INC. (Japan), Mitsui Chemicals, Inc. (Japan), Ravago Americas (U.S.), and others.


Intended Audience



  • Acrylonitrile Butadiene Styrene Manufacturers

  • Traders and distributors of Acrylonitrile Butadiene Styrene

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratory



TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Acrylonitrile Butadiene Styrene Market

5 Industry Overview of Global Acrylonitrile Butadiene Styrene Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

5.5 Impact analysis

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Acrylonitrile Butadiene Styrene Market by Application

7.1 Introduction

7.2 Appliances

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Electrical & Electronics

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027

7.4 Automotive

7.4.1 Market Estimates & Forecast, 2020-2027

7.4.2 Market Estimates & Forecast by Region, 2020-2027

7.5 Building & Construction

7.5.1 Market Estimates & Forecast, 2020-2027

7.5.2 Market Estimates & Forecast by Region, 2020-2027

7.6 Consumer Goods

7.6.1 Market Estimates & Forecast, 2020-2027

7.6.2 Market Estimates & Forecast by Region, 2020-2027

7.7 Sports Equipment

7.7.1 Market Estimates & Forecast, 2020-2027

7.7.2 Market Estimates & Forecast by Region, 2020-2027

7.8 Musical Instruments

7.8.1 Market Estimates & Forecast, 2020-2027

7.8.2 Market Estimates & Forecast by Region, 2020-2027

7.9 Others

7.9.1 Market Estimates & Forecast, 2020-2027

7.9.2 Market Estimates & Forecast by Region, 2020-2027

8. Global Acrylonitrile Butadiene Styrene Market by Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Application, 2020-2027

8.2.3 US

8.2.3.1 Market Estimates & Forecast, 2020-2027

8.2.3.2 Market Estimates & Forecast by Application, 2020-2027

8.2.4 Canada

8.2.4.1 Market Estimates & Forecast, 2020-2027

8.2.4.2 Market Estimates & Forecast by Application, 2020-2027

8.3 Europe

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Application, 2020-2027

8.3.3 Germany

8.3.3.1 Market Estimates & Forecast, 2020-2027

8.3.3.2 Market Estimates & Forecast by Application, 2020-2027

8.3.4. France

8.3.4.1 Market Estimates & Forecast, 2020-2027

8.3.4.2 Market Estimates & Forecast by Application, 2020-2027

8.3.5 Italy

8.3.5.1 Market Estimates & Forecast, 2020-2027

8.3.5.2 Market Estimates & Forecast by Application, 2020-2027

8.3.6 Spain

8.3.6.1 Market Estimates & Forecast, 2020-2027

8.3.6.2 Market Estimates & Forecast by Application, 2020-2027

8.3.7 UK

8.3.7.1 Market Estimates & Forecast, 2020-2027

8.3.7.2 Market Estimates & Forecast by Application, 2020-2027

8.3.8 Russia

8.3.8.1 Market Estimates & Forecast, 2020-2027

8.3.8.2 Market Estimates & Forecast by Application, 2020-2027

8.3.9 Poland

8.3.9.1 Market Estimates & Forecast, 2020-2027

8.3.9.2 Market Estimates & Forecast by Application, 2020-2027

8.4 Asia Pacific

8.4.1 Market Estimates & Forecast, 2020-2027

8.4.2 Market Estimates & Forecast by Application, 2020-2027

8.4.3 China

8.4.3.1 Market Estimates & Forecast, 2020-2027

8.4.3.2 Market Estimates & Forecast by Application, 2020-2027

8.4.4 India

8.4.4.1 Market Estimates & Forecast, 2020-2027

8.4.4.2 Market Estimates & Forecast by Application, 2020-2027

8.4.5 Japan

8.4.5.1 Market Estimates & Forecast, 2020-2027

8.4.5.2 Market Estimates & Forecast by Application, 2020-2027

8.4.6 Australia

8.4.6.1 Market Estimates & Forecast, 2020-2027

8.4.6.2 Market Estimates & Forecast by Application, 2020-2027

8.4.7 New Zealand

8.4.7.1 Market Estimates & Forecast, 2020-2027

8.4.7.2 Market Estimates & Forecast by Application, 2020-2027

8.4.8 Rest of Asia Pacific

8.4.8.1 Market Estimates & Forecast, 2020-2027

8.4.8.2 Market Estimates & Forecast by Application, 2020-2027

8.5 Middle East & Africa

8.5.1 Market Estimates & Forecast, 2020-2027

8.5.2 Market Estimates & Forecast by Application, 2020-2027

8.5.3 Turkey

8.5.3.1 Market Estimates & Forecast, 2020-2027

8.5.3.2 Market Estimates & Forecast by Application, 2020-2027

8.5.4 Israel

8.5.4.1 Market Estimates & Forecast, 2020-2027

8.5.4.2 Market Estimates & Forecast by Application, 2020-2027

8.5.5 North Africa

8.5.5.1 Market Estimates & Forecast, 2020-2027

8.5.5.2 Market Estimates & Forecast by Application, 2020-2027

8.5.6 GCC

8.5.6.1 Market Estimates & Forecast, 2020-2027

8.5.6.2 Market Estimates & Forecast by Application, 2020-2027

8.5.7 Rest of Middle East & Africa

8.5.7.1 Market Estimates & Forecast, 2020-2027

8.5.7.2 Market Estimates & Forecast by Application, 2020-2027

8.6 Latin America

8.6.1 Market Estimates & Forecast, 2020-2027

8.6.2 Market Estimates & Forecast by Application, 2020-2027

8.6.3 Brazil

8.6.3.1 Market Estimates & Forecast, 2020-2027

8.6.3.2 Market Estimates & Forecast by Application, 2020-2027

8.6.4 Argentina

8.6.4.1 Market Estimates & Forecast, 2020-2027

8.6.4.2 Market Estimates & Forecast by Application, 2020-2027

8.6.5 Mexico

8.6.5.1 Market Estimates & Forecast, 2020-2027

8.6.5.2 Market Estimates & Forecast by Application, 2020-2027

8.6.6 Rest of Latin America

8.6.6.1 Market Estimates & Forecast, 2020-2027

8.6.6.2 Market Estimates & Forecast by Application, 2020-2027

9. Company Landscape

10. Company Profiles

10.1 LG Chem.

10.1.1 Company Overview

10.1.2 Product/Business Segment Overview

10.1.3 Financial Updates

10.1.4 Key Developments

10.2 INEOS Styrolution

10.2.1 Company Overview

10.2.2 Product/Business Segment Overview

10.2.3 Financial Updates

10.2.4 Key Developments

10.3 Trinseo

10.3.1 Company Overview

10.3.2 Product/Business Segment Overview

10.3.3 Financial Updates

10.3.4 Key Developments

10.4 KUMHO PETROCHEMICA

10.4.1 Company Overview

10.4.2 Product/Business Segment Overview

10.4.3 Financial Updates

10.4.4 Key Developments

10.5 Formosa Chemicals & Fiber Corp.

10.5.1 Company Overview

10.5.2 Product/Business Segment Overview

10.5.3 Financial Updates

10.5.4 Key Developments

10.6 SABIC

10.6.1 Company Overview

10.6.2 Product/Business Segment Overview

10.6.3 Financial Updates

10.6.4 Key Developments

10.7 BASF SE

10.7.1 Company Overview

10.7.2 Product/Business Segment Overview

10.7.3 Financial Updates

10.7.4 Key Developments

10.8 TORAY INDUSTRIES INC.

10.8.1 Company Overview

10.8.2 Product/Business Segment Overview

10.8.3 Financial Updates

10.8.4 Key Developments

10.9 Mitsui Chemicals, Inc.

10.9.1 Company Overview

10.9.2 Product/Business Segment Overview

10.9.3 Financial Updates

10.9.4 Key Developments

10.10 Ravago Americas

10.10.1 Company Overview

10.10.2 Product/Business Segment Overview

10.10.3 Financial Updates

10.10.4 Key Developments

11 Conclusion

LIST OF TABLES

Table 1 World Population by Major Regions (2020 To 2027)

Table 2 Global Acrylonitrile Butadiene Styrene Market: By Region, 2020-2027

Table 3 North America Acrylonitrile Butadiene Styrene Market: By Country, 2020-2027

Table 4 Europe Acrylonitrile Butadiene Styrene Market: By Country, 2020-2027

Table 5 Asia-Pacific Acrylonitrile Butadiene Styrene Market: By Country, 2020-2027

Table 6 Middle East & Africa Acrylonitrile Butadiene Styrene Market: By Country, 2020-2027

Table 7 Latin America Acrylonitrile Butadiene Styrene Market: By Country, 2020-2027

Table 8 Global Acrylonitrile Butadiene Styrene by Application Market: By Regions, 2020-2027

Table 9 North America Acrylonitrile Butadiene Styrene by Application Market: By Country, 2020-2027

Table 10 Europe Acrylonitrile Butadiene Styrene by Application Market: By Country, 2020-2027

Table 11 Asia-Pacific Acrylonitrile Butadiene Styrene by Application Market: By Country, 2020-2027

Table 12 Middle East & Africa Acrylonitrile Butadiene Styrene by Application Market: By Country, 2020-2027

Table 13 Latin America Acrylonitrile Butadiene Styrene by Application Market: By Country, 2020-2027

Table 14 Global Application Market: By Region, 2020-2027

Table 15 North America Acrylonitrile Butadiene Styrene Market, By Country

Table 16 North America Acrylonitrile Butadiene Styrene Market, By Application

Table 17 Europe: Acrylonitrile Butadiene Styrene Market, By Country

Table 18 Europe: Acrylonitrile Butadiene Styrene Market, By Application

Table 19 Asia-Pacific: Acrylonitrile Butadiene Styrene Market, By Country

Table 20 Asia-Pacific: Acrylonitrile Butadiene Styrene Market, By Application

Table 21 Middle East & Africa: Acrylonitrile Butadiene Styrene Market, By Country

Table 22 Middle East & Africa: Acrylonitrile Butadiene Styrene Market, By Application

Table 23 Latin America: Acrylonitrile Butadiene Styrene Market, By Country

Table 24 Latin America Acrylonitrile Butadiene Styrene Market, By Application

LIST OF FIGURES

FIGURE 1 Global Acrylonitrile Butadiene Styrene Market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Acrylonitrile Butadiene Styrene Market

FIGURE 4 Value Chain of Global Acrylonitrile Butadiene Styrene Market

FIGURE 5 Share of Global Acrylonitrile Butadiene Styrene Market in 2020, by country (in %)

FIGURE 6 Global Acrylonitrile Butadiene Styrene Market, 2020-2027,

FIGURE 7 Sub segments of Application

FIGURE 8 Global Acrylonitrile Butadiene Styrene Market size by Application, 2020

FIGURE 9 Share of Global Acrylonitrile Butadiene Styrene Market by Application, 2020 to 2027