Acrylonitrile Butadiene Styrene Market, By Application (Appliances, Electrical and Electronics, Automotive, Consumer Goods, Construction, Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Acrylonitrile Butadiene Styrene Market was valued at US$ 31.9 Billion in 2024 and is projected to grow at a CAGR of 10.7% to reach US$ 88.4 Billion by 2034.

Acrylonitrile butadiene styrene is a common thermoplastic used to make lightweight, rigid, molded products such as pipes, automotive body parts, wheel covers, enclosures, and protective head gear, Acrylonitrile butadiene styrene has the chemical formula (C8H8.C4H6.C3NH3). Acrylonitrile butadiene styrene is safe to use because it is not known to be very harmless to humans. This material contains carcinogens and no health effects from exposure to this plastic have been found, making it a safe plastic to use. ABS is non-toxic and approved for drinking water supply, ABS is a rigid pipe system, with good abrasion resistance.

Three of the plastics that make up acrylonitrile, butadiene and styrene plastics, ABS is structurally very strong and is Used in things like camera housing, protective housing and packaging. ABS is an engineering thermoplastic, amorphous polymer, acrylonitrile is a synthetic monomer made from propylene and ammonia, butadiene is produced as a by-product of ethylene production from steam crackers, and this component gives ABS polymer its stiffness and impact strength. Styrene is produced by the dehydrogenation of ethyl benzene, providing rigidity and process ability to ABS plastics, produced by ABS emulsion or continuous mass techniques.

Increasing demand in medical industry and growing rate of population

Rising demand in the medical industry due to the spread of coronavirus such as insulin pens, respiratory devices, micro implants, and others is also supporting the growth of the ABS market, the rising population rate has led to an increase in construction activities across the globe. , increasing demand from consumers for lightweight vehicles to innovations in the automotive industry, increasing demand for efficient automobiles, ABS material is used in various applications of automobiles such as bumpers, exterior panels, dashboards, and others, all of which are driving the demand for acrylonitrile butadiene styrene, all of which are contributing to the growth of the market. The highly beneficial properties of ABS make the material ideal for use in the manufacture of lightweight vehicles, thus creating high demand and driving the market as well as government regulations regarding environmental protection and market supply constraints limiting the use of non-renewable resources, Chain, inhibiting its growth in the process.

Technological advancement

Manufacturers involved in the Bio-Polyamide market are developing advanced versions of their products due to new age technological advancements. Influences such as rising income levels across the globe, rapid growth, growing demand for EVs, and continuous developments in technology are projected to increase the demand in the coming years. In October 2022, harness manufacturers only used 3D printing for basic jigs and tooling, prototyping applications, or connectors needed to test the continuity of finished harnesses. 3D printer suppliers have introduced machines that enable companies to economically print a wide range of connectors and fixtures, the advance technology used by the H350 working to make PLA or acrylonitrile butadiene styrene (ABS).

Acrylonitrile Butadiene Styrene Market is segmented based on application, and region.

Acrylonitrile Butadiene Styrene Market, By Application

On the basis of application, the target market is classified into Appliances, Electrical & Electronics, Automotive, Consumer Goods, Construction, Others. In electrical and electronics, acrylonitrile butadiene styrene has provided good all-round performance for electronic enclosures, computer keyboards, etc. In appliances, ABS is used in appliances such as control panels, housings, refrigerator liners, etc. Household and consumer goods are the major uses of acrylonitrile butadiene styrene. Pipes and fittings made from ABS are widely used because they are easy to install and do not rot, rust or corrode. In automotive, ABS is the preferred engineering plastic when dealing with automotive applications. There has been a greater focus on weight reduction in automotive.

Regional Insights:

On region the Acrylonitrile Butadiene Styrene Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific dominates the acrylonitrile butadiene styrene market due to growth in the automotive and building and construction industries. North America is estimated to account for the largest revenue share in the global market, which can be attributed to rapid technological advancements, innovations and innovations. High spending power of consumers in the region.

 Acrylonitrile Butadiene Styrene Market Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Acrylonitrile Butadiene Styrene Market report based on application, and region:

Acrylonitrile Butadiene Styrene Market, By Application:

• Appliances
• Electrical and Electronics
• Automotive
• Consumer Goods
• Construction
• Others

Acrylonitrile Butadiene Styrene Market, By Region:

• North America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • U.S.
  • Canada

The key players operating the Acrylonitrile Butadiene Styrene Market includes

• Formosa Chemicals & Fiber Corp Plastics Division manufactures ABS, PS, PP, PC, ASA and compounding plastics. Formosa Chemicals and Fiber Corporation is a chemical company. It is also known as Taiwan Plastics Company which manufactures polyvinyl chloride resins and other intermediate plastic products.
• LG Chem is Korea's representative chemical company, serving basic feedstock industries as well as producing polycarbonate, acrylonitrile butadiene styrene and other specialty polymers.
• Mitsui Chemicals Inc. It is the world's largest industrial salt company supplying chloride alkali plants. It is also markets sodium carbonate and anhydrous sodium sulfate in other products. Mitsui Chemicals already has global alpha-methyl styrene production capacity in Japan.
• Convestro AG manufactures polyurethane foams and high-performance plastic polycarbonate as well as precursors for specialty products including coatings, adhesives, sealants and films. The company continuously works to further advance product, technology and application solutions.
• INEOS is the largest fully integrated producer of acrylonitrile butadiene styrene in North America consolidating its business activities in the US. The company serves major consumer industries such as automotive and healthcare.
• Kumho Petrochemical is a synthetic rubber product produced by emulsion-polymerizing styrene and butadiene at low temperatures.
• Chi Mei Corporation is a leading global supplier of plastic and rubber materials and the world's largest producer of ABC resins, PMMA resins and light guide plates.
• BASF manufactures a wide range of chemicals such as solvents, amines, resins, glues and electronic grade chemicals and industrial gases, basic petrochemicals and inorganic chemicals.
• Trinseo is a specialty materials and sustainability solutions provider and one of the largest producers of polystyrene resins for extruded polystyrene. This material allows customers in the building and construction industry to reduce material consumption in form insulation boards through Trinso's patented cross linked polystyrene technology.
• Toray Industries Inc. toray industries Inc., a global leader in polymers, organic synthetic chemistry and biotechnology, is the world's first and largest producer of transparent ABC resins.

• In October 2022, Ineos styrolution introduced the first bio-attributed terluran ABS material. The new grades complement the mechanically recycled terlurum ECO material that was previously introduced. They are the final jigsaw puzzle piece in the ineos styolution polystyrene and ABS portfolio, which now includes mechanically recycled and bio-attributed solutions for all three product lines Styrolution PS, Terluran and novodur for its exclusive ABS.
• In April 2022, Versalis acquired Shandong Eco Chemical CO., a chemical company. Ltd. has agreed to license its proprietary continuous mass technology to a Chinese company, part of Shandong Hike Holding Ltd. It is a state-of-the-art technology for the production of styrenic polymers, set to be licensed for the first time in China, with a low carbon footprint through strong reductions in emissions and energy consumption.

• Formosa Chemicals & Fiber Corp
• LG Chem
• Mitsui Chemicals Inc.
• Convestro AG
• INEOS
• Kumho Petrochemical
• Chi Mei Corporation
• BASF
• Trinseo
• Toray Industries Inc.