Acrylonitrile Butadiene Styrene Market Size & Share, by Product Type (Transparent, Opaque, Colored), Application (Appliances, Electrical & Electronics, Automotive, Building & Construction, Consumer Goods, Sports Equipment, Musical Instruments) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2025-2037

  • Report ID: 4517
  • Published Date: Nov 15, 2024
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights Over 2025-2037

Acrylonitrile Butadiene Styrene Market size was valued at USD 30.86 billion in 2024 and is set to exceed USD 70.83 billion by 2037, registering over 6.6% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of acrylonitrile butadiene styrene is estimated at USD 32.49 billion.

The growth of the market can be attributed to the immense opportunity for the development of the sports sector, which is estimated to boost the market’s growth in the coming years. For instance, as per the estimations, the from sports and recreation activities industry total income has increased to more than USD 13 billion in the year 2020. Further, since it has lightweight qualities, therefore acrylonitrile butadiene styrene (ABS) is expected to witness an increased demand in the automobile industry. ABS is employed in the production of a variety of vehicle components, such as seats, bumpers, dashboards, center consoles, interior trim, headliners, and lighting.

In addition to these, factors that are believed to fuel the market growth of acrylonitrile butadiene styrene (ABS) include the surging penetration of acrylonitrile butadiene styrene in the form of pipes and fittings in the construction sector, coupled with escalating demand for ABS materials from several end-use industries, including the electrical and electronics industry. In addition to this, growing consumer spending capacity, and the rising middle-class population is also expected to drive the growth of the global acrylonitrile butadiene styrene market during the coming years. For instance, the global middle-class population is estimated to rise from 7.5 billion in 2020 to 8 billion in 2030, with consumer spending of USD 40 trillion. Besides this, rising demand for household appliances is another key factor that is estimated to spur the global acrylonitrile butadiene styrene market size over the forecast period.


Get more information on this report: Request Free Sample PDF

Acrylonitrile Butadiene Styrene Sector: Growth Drivers and Challenges

Growth Drive

  • Rising Demand for ABS in the Medical Industry – As medical devices made with ABS can resist chemicals and other physical impacts, therefore, ABS has been replacing metals in the structural parts and plastic parts in medical devices. Therefore, the increasing demand for medical devices is also soaring the demand for ABS materials. For instance, the worldwide revenue for medical devices is projected to be over USD 685 billion by 2027.
  • Expanding Automobile Industry – The automobile industry has been observing a huge increase as a result of the increased disposable income of people along with the surging ratio of urbanization. Since acrylonitrile butadiene styrene parts play a key role in the manufacturing of automotive interiors and parts, hence, the rising automotive industry eventually boosts the market growth. For instance, presently, in India, the automobile industry accounts for around 8% of India's GDP and 50% of its manufacturing GDP.
  • Worldwide Growing Construction Sector – Since ABS is used in a variety of fitments that are used in construction work. Therefore, the growing construction sector is anticipated to increase the market’s growth. The worldwide construction industry generated almost USD 3 trillion in revenue in 2019.
  • High Use in Apparatuses, Auto Ancillaries – ABS is often used in handles, exterior and insulation parts in various apparatus. As per observations, the revenue of auto ancillaries is expected to rise to 10% between 2022-2023 in India.
  • Worldwide Spike in the Demand for Household Appliances - The global retail sales of major appliances hit nearly USD 370 billion, while sales of small appliances topped approximately USD 130 billion in 2020.

Challenges

  • Sustainability and Recyclability Issues of ABS Material - ABS is primarily used in household and electrical appliances, which are made of complex material mixtures. Recycling businesses frequently lack the sorting technologies necessary to separate these complex material mixtures to produce high-quality recyclate. Hence, this factor is estimated to hinder market growth during the projected time frame.
  • Presence of Other Substitutes
  • Fluctuating Cost Value of Acrylonitrile Butadiene Styrene

Acrylonitrile Butadiene Styrene Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

6.6%

Base Year Market Size (2024)

USD 30.86 billion

Forecast Year Market Size (2037)

USD 70.83 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)

Get more information on this report: Request Free Sample PDF

Acrylonitrile Butadiene Styrene Segmentation

Application (Appliances, Electrical & Electronics, Automotive, Building & Construction, Consumer Goods, Sports Equipment, Musical Instruments)

The global acrylonitrile butadiene styrene market is segmented and analyzed for demand and supply by application into appliances, electrical & electronics, automotive, building & construction, consumer goods, sports equipment, musical instruments, and others. Out of these segments, the appliances segment is estimated to gain the largest market share over the projected time frame. The growth of the segment can be attributed to the rising demand for appliances such as safety helmets, sports equipment, vacuum cleaners, telephones, CCTV cameras, and cameras.  Moreover, acrylonitrile butadiene styrene are used for the manufacturing of complex objects, and it is expected to increase the segment’s growth in the market. For instance, the global imported sales value of headgear in 2021 was topped at around USD 4,612,295.

Product Type (Transparent, Opaque, Colored)

The global acrylonitrile butadiene styrene market is also segmented and analyzed for demand and supply by product type into transparent, opaque, and colored. Amongst these three segments, the opaque segment is expected to garner a significant share. Since opaque ABS offers a wide range of physical characteristics, including excellent chemical resistance, high durability, toughness, gloss, and rigidity, it finds application in a variety of automotive-related applications. Additionally, owing to its qualities, it is highly used in a variety of applications, such as aircraft, automobiles, luggage, and computer parts manufacturing. Thus, the opaque segment is estimated to dominate the market owing to its highly advanced characteristics along with its surging use in various applications.

Our in-depth analysis of the global market includes the following segments:

          By Product Type

  • Transparent
  • Opaque
  • Colored

          By Application

  • Appliances
  • Electrical & Electronics
  • Automotive
  • Building & Construction
  • Consumer Goods
  • Sports Equipment
  • Musical Instruments
  • Others

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Acrylonitrile Butadiene Styrene Industry - Regional Synopsis

Asia Pacific Market Forecast

Asia Pacific industry is estimated to account for largest revenue share by 2037. The growth of the market can be attributed majorly to the escalating growth in the construction industry owing to the huge investment by the government in various infrastructural projects in the region. For instance, construction projects in Northeast Asia were predicted to increase by 5% to nearly USD 4.90 trillion in 2022, slightly higher compared with around USD 4.62 trillion in 2021. Furthermore, the surging demand for automobiles and the growing demand for ABS in the production of several electronic and electrical products are also anticipated to boost the market growth further over the forecast period in the region.

Latin America Market Forecast

Furthermore, the Latin America acrylonitrile butadiene styrene market is also estimated to display notable market growth by the end of 2037. The growth of the market can be attributed to the rising demand for automotive lightweight material for the production of lightweight vehicles in the region. For instance, in Latin America, the sale of lightweight vehicles such as battery electric vehicles rose from 1 thousand in 2018 to 9 thousand in 2020. In addition to this, a significant surge in economic growth, coupled with rapid urbanization, and a growing ratio of construction activities, are some further factors that are anticipated to accelerate the market size of acrylonitrile butadiene styrene over the forecast period in the region.

Research Nester
Get more information on this report: Request Free Sample PDF

Companies Dominating the Acrylonitrile Butadiene Styrene Landscape

    • Trinseo PLC
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • 3M
    • Covestro AG
    • INEOS AG
    • BASF SE
    • Saudi Basic Industries Corporation (SABIC)
    • CHIMEI Corporation
    • Asahi Kasei Corporation
    • Kumho Petrochemical Co., Ltd.
    • Formosa Chemicals & Fibre Corp.

In the News

  • Covestro AG presented three new polycarbonate blends e.g., polycarbonate + acrylonitrile butadiene styrene blend called Bayblend T85 XAT at VDI Congress “Plastics in Automotive Engineering”.

  • CHIMEI Corporation collaborated with Mitsubishi Corporation to build a renewable plastic supply chain for the production of styrene monomer using bio-based hydrocarbons (Neste RE) and also its derivates of mass balance renewable plastics such as acrylonitrile butadiene styrene i.e., bio-ABS.

Author Credits:  Rajrani Baghel


  • Report ID: 4517
  • Published Date: Nov 15, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of acrylonitrile butadiene styrene is estimated at USD 32.49 billion.

The acrylonitrile butadiene styrene market size was valued at USD 30.86 billion in 2024 and is set to exceed USD 70.83 billion by 2037, registering over 6.6% CAGR during the forecast period i.e., between 2025-2037. Rising demand for ABS in the medical industry, expanding automobile industry, and worldwide growing construction sector will drive the market growth.

Asia Pacific industry is estimated to account for largest revenue share by 2037, due to escalating growth in the construction industry owing to huge investment by government in various infrastructural projects in the region.

The major players in the market are Trinseo PLC, 3M, Covestro AG, INEOS AG, BASF SE, Saudi Basic Industries Corporation (SABIC), CHIMEI Corporation, Asahi Kasei Corporation, Kumho Petrochemical Co., Ltd., Formosa Chemicals & Fibre Corp.
Acrylonitrile Butadiene Styrene Market Report Scope
logo
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying
Inquiry Before Buying Request Free Sample