Acrylonitrile Butadiene Styrene (ABS) Resin Market Size, Share, Trends, Growth Outlook

Global Acrylonitrile Butadiene Styrene (ABS) Resin Market Size is valued at $36.8 Billion in 2024 and is forecast to register a growth rate (CAGR) of 4.6% to reach $52.7 Billion by 2032.

The global Acrylonitrile Butadiene Styrene (ABS) Resin Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Process (Injection Blow Molding, Extrusion Blow Molding, Injection Stretch Blow Molding), By End-User (Automotive and Transportation, Construction, Electronics, Consumer Goods, Others).

An Introduction to Acrylonitrile Butadiene Styrene (ABS) Resin Market in 2024

Acrylonitrile butadiene styrene (ABS) resin is a versatile thermoplastic polymer widely used in various industries for its excellent mechanical properties, impact resistance, and heat resistance in 2024. ABS resin is composed of three monomers: acrylonitrile, butadiene, and styrene, which are polymerized to form a tough and durable material suitable for injection molding, extrusion, and 3D printing processes. ABS resin exhibits high tensile strength, toughness, and dimensional stability, making it ideal for applications requiring impact resistance and structural integrity, such as automotive parts, electronics housings, and consumer products. Additionally, ABS resin can be easily processed and fabricated into complex shapes, making it a preferred choice for manufacturing components with intricate geometries and fine details. With its versatility, durability, and ease of processing, ABS resin s to be a widely used material in industries ranging from automotive and electronics to construction and consumer goods, driving innovation and advancements in polymer technology and applications.

Acrylonitrile Butadiene Styrene (ABS) Resin Market Competitive Landscape

The market report analyses the leading companies in the industry including AcoMold Co Ltd, CHIMEI, China National Petroleum Corp, Dongguan Sincere Tech Co. Ltd, EX MOULD Co. Ltd, Formosa Plastics Corp, HTI Plastics, INEOS Styrolution Group GmbH, INEOS StyrolutionGroup GmbH, Jaco Products, JSR Corp, LG Chem Ltd, LOTTE Chemical Corp, ReblingPower Connectors, Rutland Plastics, SABIC, Springboard, Toray Industries Inc, Trinseo, and others.

Acrylonitrile Butadiene Styrene (ABS) Resin Market Dynamics

Market Trend: Rising Demand for Lightweight and Durable Materials

The market for Acrylonitrile Butadiene Styrene (ABS) resin is experiencing a notable trend towards increased demand for lightweight and durable materials across various industries such as automotive, electronics, and consumer goods. This trend is primarily driven by the need for more fuel-efficient vehicles, smaller and lighter electronic devices, and sustainable packaging solutions. ABS resin, known for its excellent mechanical properties, impact resistance, and versatility in processing, is well-positioned to capitalize on this trend. As industries strive to reduce their carbon footprint and enhance product performance, the adoption of ABS resin is expected to continue growing steadily.

Market Driver: Technological Advancements in Additive Manufacturing

A significant driver propelling the ABS resin market forward is the rapid advancement of additive manufacturing technologies, such as 3D printing. The versatility of ABS resin, coupled with its compatibility with various 3D printing processes, makes it a preferred choice for producing prototypes, functional parts, and customized products across diverse industries. As additive manufacturing techniques become more accessible and cost-effective, the demand for ABS resin is anticipated to surge further. Moreover, ongoing innovations in material formulations and printing techniques are expanding the application scope of ABS resin, fueling market growth.

Market Opportunity: Growing Preference for Sustainable Solutions

An emerging opportunity within the ABS resin market lies in the growing preference for sustainable materials and manufacturing processes. With increasing environmental concerns and stringent regulations regarding plastic usage and disposal, there is a heightened demand for eco-friendly alternatives. ABS resin manufacturers have the opportunity to capitalize on this trend by developing bio-based or recycled ABS formulations, reducing carbon emissions throughout the production process, and promoting recyclability. By aligning with sustainability initiatives and offering environmentally responsible solutions, companies can not only meet market demands but also enhance their brand reputation and competitive advantage in the long term.

Acrylonitrile Butadiene Styrene (ABS) Resin Market Share Analysis: Injection Blow Molding is poised to register the fastest CAGR over the forecast period

Injection blow molding is the largest and fastest-growing segment in the Acrylonitrile Butadiene Styrene (ABS) Resin Market by process. The large revenue share is attributed to the method's efficiency and versatility, making it highly suitable for mass production of complex and high-precision plastic parts. Injection blow molding combines the benefits of injection molding and blow molding, allowing for the production of hollow parts with precise dimensions and intricate details. The process involves injecting molten ABS resin into a mold to form a preform, which is then blown into the desired shape. This technique is widely used in the manufacturing of bottles, containers, and automotive parts, contributing significantly to its market growth. The automotive industry, in particular, drives the demand for injection blow molding due to the need for lightweight, durable, and high-performance plastic components. Additionally, the packaging industry extensively uses this process for creating sturdy and aesthetically appealing packaging solutions. Technological advancements and increased automation in injection blow molding machinery further enhance productivity and reduce manufacturing costs, thereby accelerating the adoption and growth of this segment. The growing consumer demand for high-quality and durable plastic products, combined with the process's ability to deliver consistent and reliable results, underscores the significance of injection blow molding in the ABS resin market.

Acrylonitrile Butadiene Styrene (ABS) Resin Market Share Analysis: Automotive and Transportation is poised to register the fastest CAGR over the forecast period

The Automotive and Transportation segment is the fastest-growing in the Acrylonitrile Butadiene Styrene (ABS) Resin Market by end-user. This rapid growth is primarily driven by the automotive industry's increasing focus on lightweight materials to enhance fuel efficiency and reduce emissions. ABS resin is highly favored in this sector due to its exceptional properties, including high impact resistance, toughness, and ease of processing, which make it ideal for manufacturing various automotive components. These components range from interior parts such as dashboards and door panels to exterior elements like mirror housings and grilles. The shift towards electric vehicles (EVs) is further accelerating the demand for ABS resin, as EV manufacturers prioritize lightweight materials to extend battery life and improve vehicle performance. Additionally, the push for sustainability and recycling in the automotive industry has led to greater adoption of ABS, which is recyclable and contributes to the circular economy. The expansion of the automotive sector in emerging markets, coupled with technological advancements in vehicle design and manufacturing, is also contributing to the robust growth of this segment. As automakers continue to innovate and enhance vehicle safety, aesthetics, and functionality, the demand for high-performance materials like ABS resin is expected to surge, reinforcing the segment's position as the fastest-growing in the market.

Acrylonitrile Butadiene Styrene (ABS) Resin Market

By Process
Injection Blow Molding
Extrusion Blow Molding
Injection Stretch Blow Molding
By End-User
Automotive and Transportation
Construction
Electronics
Consumer Goods
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)

Acrylonitrile Butadiene Styrene Resin Companies Profiled in the Study

AcoMold Co Ltd
CHIMEI
China National Petroleum Corp
Dongguan Sincere Tech Co. Ltd
EX MOULD Co. Ltd
Formosa Plastics Corp
HTI Plastics
INEOS Styrolution Group GmbH
INEOS StyrolutionGroup GmbH
Jaco Products
JSR Corp
LG Chem Ltd
LOTTE Chemical Corp
ReblingPower Connectors
Rutland Plastics
SABIC
Springboard
Toray Industries Inc
Trinseo
*- List Not Exhaustive

TABLE OF CONTENTS

1 Introduction to 2024 Acrylonitrile Butadiene Styrene Resin Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain

2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations

3 Executive Summary
3.1 Global Acrylonitrile Butadiene Styrene Resin Market Size Outlook, $ Million, 2021 to 2032
3.2 Acrylonitrile Butadiene Styrene Resin Market Outlook by Type, $ Million, 2021 to 2032
3.3 Acrylonitrile Butadiene Styrene Resin Market Outlook by Product, $ Million, 2021 to 2032
3.4 Acrylonitrile Butadiene Styrene Resin Market Outlook by Application, $ Million, 2021 to 2032
3.5 Acrylonitrile Butadiene Styrene Resin Market Outlook by Key Countries, $ Million, 2021 to 2032

4 Market Dynamics
4.1 Key Driving Forces of Acrylonitrile Butadiene Styrene Resin Industry
4.2 Key Market Trends in Acrylonitrile Butadiene Styrene Resin Industry
4.3 Potential Opportunities in Acrylonitrile Butadiene Styrene Resin Industry
4.4 Key Challenges in Acrylonitrile Butadiene Styrene Resin Industry

5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Acrylonitrile Butadiene Styrene Resin Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook

6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts

7 Global Acrylonitrile Butadiene Styrene Resin Market Outlook by Segments
7.1 Acrylonitrile Butadiene Styrene Resin Market Outlook by Segments, $ Million, 2021- 2032
By Process
Injection Blow Molding
Extrusion Blow Molding
Injection Stretch Blow Molding
By End-User
Automotive and Transportation
Construction
Electronics
Consumer Goods
Others

8 North America Acrylonitrile Butadiene Styrene Resin Market Analysis and Outlook To 2032
8.1 Introduction to North America Acrylonitrile Butadiene Styrene Resin Markets in 2024
8.2 North America Acrylonitrile Butadiene Styrene Resin Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Acrylonitrile Butadiene Styrene Resin Market size Outlook by Segments, 2021-2032
By Process
Injection Blow Molding
Extrusion Blow Molding
Injection Stretch Blow Molding
By End-User
Automotive and Transportation
Construction
Electronics
Consumer Goods
Others

9 Europe Acrylonitrile Butadiene Styrene Resin Market Analysis and Outlook To 2032
9.1 Introduction to Europe Acrylonitrile Butadiene Styrene Resin Markets in 2024
9.2 Europe Acrylonitrile Butadiene Styrene Resin Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Acrylonitrile Butadiene Styrene Resin Market Size Outlook by Segments, 2021-2032
By Process
Injection Blow Molding
Extrusion Blow Molding
Injection Stretch Blow Molding
By End-User
Automotive and Transportation
Construction
Electronics
Consumer Goods
Others

10 Asia Pacific Acrylonitrile Butadiene Styrene Resin Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Acrylonitrile Butadiene Styrene Resin Markets in 2024
10.2 Asia Pacific Acrylonitrile Butadiene Styrene Resin Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Acrylonitrile Butadiene Styrene Resin Market size Outlook by Segments, 2021-2032
By Process
Injection Blow Molding
Extrusion Blow Molding
Injection Stretch Blow Molding
By End-User
Automotive and Transportation
Construction
Electronics
Consumer Goods
Others

11 South America Acrylonitrile Butadiene Styrene Resin Market Analysis and Outlook To 2032
11.1 Introduction to South America Acrylonitrile Butadiene Styrene Resin Markets in 2024
11.2 South America Acrylonitrile Butadiene Styrene Resin Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Acrylonitrile Butadiene Styrene Resin Market size Outlook by Segments, 2021-2032
By Process
Injection Blow Molding
Extrusion Blow Molding
Injection Stretch Blow Molding
By End-User
Automotive and Transportation
Construction
Electronics
Consumer Goods
Others

12 Middle East and Africa Acrylonitrile Butadiene Styrene Resin Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Acrylonitrile Butadiene Styrene Resin Markets in 2024
12.2 Middle East and Africa Acrylonitrile Butadiene Styrene Resin Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Acrylonitrile Butadiene Styrene Resin Market size Outlook by Segments, 2021-2032
By Process
Injection Blow Molding
Extrusion Blow Molding
Injection Stretch Blow Molding
By End-User
Automotive and Transportation
Construction
Electronics
Consumer Goods
Others

13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
AcoMold Co Ltd
CHIMEI
China National Petroleum Corp
Dongguan Sincere Tech Co. Ltd
EX MOULD Co. Ltd
Formosa Plastics Corp
HTI Plastics
INEOS Styrolution Group GmbH
INEOS StyrolutionGroup GmbH
Jaco Products
JSR Corp
LG Chem Ltd
LOTTE Chemical Corp
ReblingPower Connectors
Rutland Plastics
SABIC
Springboard
Toray Industries Inc
Trinseo

14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise

By Process
Injection Blow Molding
Extrusion Blow Molding
Injection Stretch Blow Molding
By End-User
Automotive and Transportation
Construction
Electronics
Consumer Goods
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)