Prismane

Acrylonitrile Butadiene Styrene (ABS) Demand Analysis, By Types, By Applications [Photocopy Machine, Air Conditioner, Washing Machine, Laptop & Desktops] & Forecast Analysis, 2032

Global ABS Plastic Market Overview

The global ABS Plastic market size was worth around USD 25.6 billion in 2023 and is poised to grow at an annual average growth rate of 6% to cross USD 45 billion by 2032 between 2024 and 2032. Acrylonitrile Butadiene Styrene (ABS) is a thermoplastic resin manufactured by co-polymerizing acrylonitrile(AN), butadiene(BD) and styrene(S) monomers. ABS copolymers exhibit better toughness; temperature stability and solvent resistance properties in comparison to high impact polystyrene. ABS compounds are commercially available in many forms and grades including medium and high impact, high gloss, UV stabilized, flame retardant, heat resistant, low gloss, glass-fiber reinforced and transparent.

ABS Demand Analysis 

ABS is one of the widely used engineering plastic and has witnessed a significant growth since 2016 on account of its increasing demand in major end-use industries such as automotive and electrical & electronics, especially in Asia-Pacific and other developing regions. Replacement of traditional materials like metals, inter polymer substitution, growth in purchasing power of developing economies are some of the key drivers for ABS Plastic demand. China is the largest market for ABS. The country is heavily dependent on imports and has also witnessed a number of capacity expansions since 2006.

Global ABS Plastic Production Capacity, By Company - 2023 (Kilo Tons)
Acrylonitrile Butadiene Styrene Market: Global ABS Production Capacity, By Company - 2021 (Kilo Tons)
Source: Secondary & Primary Research and Prismane Consulting estimates


ABS Plastic Production Capacity

The ABS industry has undergone various capacity additions post commercialization. The global ABS Plastic capacity stood at 12,300 Kiloton in 2023 and it is further projected to cross 15,000 Kiloton in the forecast period. LG Chemicals, INEOS, Chi Mei, Formosa Chemicals & Fibers, SABIC, and Lotte Chemicals are major ABS producer in the world accounting for around 50% of the global ABS capacity. Other manufacturers of ABS include Bhansali Engineering Polymers Ltd., Toray, Trinseo, Petrochina, IRPC and Tabriz Petrochemical Co. According to Prismane Consulting estimates, the global ABS capacity was estimated to be more than 12,300 Kiloton, of which more than 75% was located in Asia Pacific. North America and Western Europe together accounts for around 15% of the global ABS Plastic capacity.

Key Market Trends in ABS Industry

Global ABS Plastic demand was estimated to be more than 10,170 kilotons in 2023 and it has grown by an average annual rate of slightly over 2% since 2016 The global ABS market is expected to grow at an annual average of around 3.5% during the forecast period till 2032. The Asia Pacific is the fastest growing region for ABS representing about 75% of global ABS demand. The region is further poised to witness strong growth in the forecast period on the back of strong demand of ABS from electrical & electronics, automotive and construction industry. Total ABS consumption of North America was estimated to be more than 860 kilotons in 2023. The US is a major consumer in North America followed by Mexico. The country has witnessed growth rates in the range of 1-3% since the past few years. 
 
Global ABS Demand Supply Analysis 2016 - 2032 (Kilo Tons)
Global ABS Demand Supply Analysis 2016 - 2032 (Kilo Tons)
Source: Secondary & Primary Research and Prismane Consulting estimates


Impact of COVID-19 in ABS Market

The global ABS Plastic demand has been week between 2018-2020 due to decline in automotive production and COVID-19 pandemic. The COVID-19 pandemic had a negative impacted on the global ABS market with the market contracting by around 3% in 2020, predominantly due to the automotive and building & construction industry. Automotive is the third largest application of ABS with major use in making high performance engineering components. With the trend towards higher operating temperatures and miniaturization in the engine compartment, plastics and elastomers replacing metals offer weight reduction, noise reduction and functional integration. The automotive industry has a wide array of opportunities for ABS. Automotive makers are constantly optimizing their engine performance; by reducing the automotive weight. This helps them achieve more efficiency. Reducing the weight also decreases the fuel consumption helping reduce pollution.

ABS Demand in the Automotive Industry

In the current scenario, plastics only account for a small share of the materials used in the automotive industry. According to the American Plastics Council, reinforced plastics account for around 360 pounds of the total weight of an average U.S. light automotive. With the global automotive manufacturers investing in developing highly efficient automotive, the need for further weight reduction without affecting the security of its users will be crucial. With every 10% reduction in weight of automotive, efficiency can be enhanced which is attained by decrease in fuel consumption by 5% to 7%.

Unexplored opportunities of replacing metals in automotive and global tightening of environmental regulations for automobiles to improve fuel mileage, control emission and reduce fuel permeation is expected to drive the ABS market. Growth in production of automobiles and initiatives taken by original equipment manufacturers to increase fuel efficiency, reduce emissions, eliminate fluid leaks, and improve the efficiency of by reducing weight of the vehicles will further drive the demand of ABS in the long-term forecast.
Global ABS Demand, By Application - 2022 (Kilo Tons)
Source: Secondary & Primary Research and Prismane Consulting estimates


ABS Demand, by Application

Electronics application dominates the global ABS market and is expected to remain the largest application throughout the long-term forecast. ABS is used in manufacturing several parts of electronics equipment like computers, Laptops, housings for telephones, keyboards, mobile phones, and other computer hardware. Laptop and Computer dominates the global electronics ABS market and it is further expected to grow at highest CAGR of in the forecast period owing to the increasing demand of remote working and Online Education. 

Laptops & Computers are one of the essential consumer appliances in the market. With the day-by-day addition of innovative technologies and multi-functional facilities, the demand for these products is on the rise. Asia-Pacific is the power hub for the electronics industry. Countries like China, Japan, South Korea, Singapore Taiwan, and India have a significant manufacturing base for electronics. Electronics account for a decent share in their economy as well. Furthermore, with rising growth opportunities, companies from Europe and North America are investing in this region by bringing up new manufacturing facilities or through joint ventures.

In Western Europe, INEOS Styrolution, Trinseo, and Elix Polymers are the major producers of ABS, accounting for over 90% of the total installed capacity in the region. INEOS is the largest ABS producer in Western Europe, with plants in Belgium and Germany. The company recently commenced operations at its converted Polystyrene line in Wingles, France, which has been transformed into an ABS production line with a capacity of 50 kilotons. This expansion will enable the company to meet the growing demand for ABS in industries such as automotive, electronics, and construction.

Companies Covered:

  • Bhansali Engineering Polymers Ltd.
  • Cheil Industries
  • Chi Mei Corporation
  • Formosa Chemicals & Fibers
  • Ghaed Bassir Petrochemical
  • Grand Pacific Petrochemical
  • Great Eastern
  • INEOS Styrolution
  • IRPC Public Company Limited
  • Jam Petrochemical
  • Kumho Petrochemical
  • LG Chemical
  • Nizhnekamskneftekhim
  • SABIC
  • Tabriz Petrochemical Co.
  • Taita Chemical
  • Toray Industries
  • Trinseo
  • Other Manufacturers

Scope of Report 

The Acrylonitrile Butadiene Styrene report describes the global Acrylonitrile Butadiene Styrene market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Application
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  Acrylonitrile Butadiene Styrene Market data in terms of volume and value for each end-use at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2021
          -  Base - 2022
          -  Forecast Period - 2022 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand-Supply Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance
      •  Automotive
      •  Electrical & Electronics
      •  Buildings & Construction
      •  Consumer Products
      •  Others
5.  Plants & Projects Analysis
      •  Acrylonitrile Butadiene Styrene (ABS) Production Capacity, by Company
      •  Capacity Overview
6.  Introduction to Acrylonitrile Butadiene Styrene and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
          -  Emulsion Process
          -  Mass Process
          -  Hybrid Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
7.  Market Dynamics and Industry Trends 
      •  Market Dynamics 
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
8.  Global Acrylonitrile Butadiene Styrene Demand-Supply Analysis, By Applications (Volume, Value) (2016–2032)
      •  Strategic Issues
      •  Demand-Supply Analysis and Forecast (2016 – 2032)
          -  Capacity
          -  Capacity Utilization (%)
          -  Production
          -  Imports
          -  Exports
          -  Net Trade
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Acrylonitrile Butadiene Styrene Market, By Applications
          -  Automotive
             -  Interior
                -  Dashboard
                -  Seats
                -  Door Trim
                -  Other interiors
             -  Exterior
                -  Bumper
                -  Spoiler
                -  Head lamp & Mirror
                -  Other exteriors
          -  Electrical & Electronics
             -  Photocopy Machine
             -  Vacuum Cleaner
             -  Air Conditioner
             -  Washing Machine
             -  Laptop & Desktops
             -  Others (CCTV Cameras, etc)
          -  Building & Construction
          -  Consumer Products
             -  LEGO
             -  Others 
          -  Others (Packaging etc.)
9.  Demand-Supply Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues
      •  Capacity
      •  Capacity Utilization (%)
      •  Production
      •  Imports
      •  Exports
      •  Net Exports
      •  Demand
      •  Demand Growth Rate (%)
      •  Acrylonitrile Butadiene Styrene Market, By Applications
Note: Demand-Supply Analysis has been provided for all major Regions / Countries as mentioned below. The demand-supply (consumption) split by applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  ASEAN
         -  Rest of Asia-Pacific
      •  Central & South America
         -  Brazil
         -  Rest of CSA
      •  Middle East & Africa
         -  Saudi Arabia
         -  Iran
         -  South Africa
         -  Rest of MEA
Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2022 – 2032)
10.  Pricing Analysis
      •  Average Acrylonitrile Butadiene Styrene Prices, by Country 
      •  Average Acrylonitrile Butadiene Styrene Prices, by Region
      •  Price Forecast
11.  Key Strategic Issues
12.  Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
13.  Strategic Recommendation & Suggestions
14.  Company Analysis and Market Share Analysis
         -  Basic Details
         - Headquarters, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Recent Developments
         -  Companies Covered
             -  Bhansali Engineering Polymers Ltd.
             -  Cheil Industries
             -  Chi Mei Corporation
             -  Formosa Chemicals & Fibers
             -  Ghaed Bassir Petrochemical
             -  Grand Pacific Petrochemical
             -  Great Eastern
             -  INEOS Styrolution
             -  IRPC Public Company Limited
             -  Jam Petrochemical
             -  Kumho Petrochemical
             -  LG Chemical
             -  Nizhnekamskneftekhim
             -  SABIC
             -  Tabriz Petrochemical Co.
             -  Taita Chemical
             -  Toray Industries 
             -  Trinseo
             -  Other Manufacturers
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
15.  Appendices
      •  Demand-Supply - Regions
      •  Demand-Supply– Countries
      •  Capacities, 2016-2032

Scope of Report 

The Acrylonitrile Butadiene Styrene report describes the global Acrylonitrile Butadiene Styrene market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand-Supply Analysis
•  Demand Composition, by Application
•  Capacity & Production
•  Trade (Import, Export and Net Export)
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Supply Demand Balance 
•  Acrylonitrile Butadiene Styrene Market data in terms of volume and value for each end-use at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Business Opportunity Assessment


Frequently Asked Questions

What are the Key Applications of ABS?
Electronics application dominates the global ABS market and is expected to remain the largest application throughout the long-term forecast. ABS is used in manufacturing several parts of electronics equipment like computers, Laptops, housings for telephones, keyboards, mobile phones, and other computer hardware. Laptop and Computer dominates the global electronics ABS market and it is further expected to grow at highest CAGR of in the forecast period owing to the increasing demand of remote working and Online Education.
What was the global ABS capacity in 2023?
The global ABS capacity stood at 12,300 Kiloton in 2023 and it is further projected to cross 15,000 Kiloton in the forecast period.
What is the current market size of ABS?
Global ABS demand was estimated to be more than 10,130 Kiloton in 2023 and it has grown by an average annual rate of slightly over 2% since 2016 The global ABS market is expected to grow at an annual average of around 3.5% during the forecast period till 2032.
What is the global production capacity for ABS, and how is it distributed regionally?
The global ABS capacity was estimated to be more than 12,300 Kiloton, of which more than 75% was located in Asia Pacific. North America and Western Europe together accounts for around 15% of the global ABS capacity.
Who are major ABS producers in Western Europe?
In Western Europe, INEOS Styrolution, Trinseo, and Elix Polymers are the major producers of ABS, accounting for over 90% of the total installed capacity in the region.
What are the current price trends in the ABS market?
In 2023, the global average prices of Acrylonitrile Butadiene Styrene (ABS) resin ranged between USD 2300 to 2700 per ton. ABS prices skyrocketed by approximately 30% compared to 2023 levels.