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Acrylonitrile Butadiene Styrene Market Size, Share | Global Industry Analysis Report 2030
Acrylonitrile Butadiene Styrene Market Size, Share | Global Industry Analysis Report 2030
Acrylonitrile Butadiene Styrene demand stood at 10.62 Million Tonnes in 2020 and is forecast to reach 18.43 Million Tonnes by 2030, growing at a healthy CAGR of 5.74% until 2030 .

According to ChemAnalyst report, “Global Acrylonitrile Butadiene Styrene Market: Plant Capacity, Production, Operating Efficiency, Demand & Supply, Technology, End Use, Distribution Channel, Region, Competition, Trade, Customer & Price Intelligence Market Analysis, 2015-2030”, global Acrylonitrile Butadiene Styrene (ABS) demand stood at 10.62 Million Tonnes in 2020 and is forecast to reach 18.43 Million Tonnes by 2030, growing at a healthy CAGR of 5.74% until 2030. Increasing population and growing demand for automobiles, electrical and electronic equipment, development of new technologies and introduction of potential new devices would drive the demand for Acrylonitrile butadiene styrene in the forecast period. In addition, UNICEF’s push for the economies to reach Sustainable Development Goal (SDG), aimed at Industry, innovation, and Infrastructure for all by 2030 would further support the market growth in the forecast period.

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About 80% of ABS being produced in the world today is used in automobiles, electrical & electronic equipment and housing & construction which is the key ingredient in manufacturing of pipes. The remaining 20% of the demand for ABS comes from other applications, such as appliances, sports & leisure, consumer goods and many more. Propane ammoxidation technology is currently the most used technology in ABS production technology using selective ammoxidation of propane. About 70% of the world’s ABS is produced using Propane ammoxidation technology. This revolutionary technology is known to be the most economical one, with remarkable benefits such as reduced capital investments, maintenance costs, and waste treatment.

Among various applications of ABS, automotive dominate the Global Acrylonitrile Butadiene Styrene market. As of FY19, the automotive dominate ABS end user market are expected to propel the market growth backed by drivers like increased transport sector, rapid urbanization, and growing rate of per capita income globally. In the past few years, there has been a remarkable shift in the consumer preference from the motorcycles to passengers’ cars. These factors are likely to propel the demand for Global Acrylonitrile Butadiene (ABS) in the forecast period.  Moreover, rising media awareness about owning superior quality automobiles are further driving the ABS demand in the forecast period.

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Acrylonitrile Butadiene Styrene is the derivative of acrylonitrile, Butadiene, styrene and hence its price is directly linked to the fluctuations of the crude oil and natural gas. Over the past few years, global ABS prices have become highly susceptible to the cost of natural gas. In the first half of FY20 sudden outbreak of novel coronavirus followed by unprecedented fall in natural gas rendered a sharp downfall in the global Acrylonitrile Butadiene Styrene prices. Various industrial operations shutdown in the first half of the FY20 which impacted various industries linked with ABS market.

Regionally, Asia Pacific dominates the Global Acrylonitrile Butadiene Styrene market and holds the largest market share in FY19. Asia’s ABS market is anticipated to grow in emerging economies like India, China and Japan due to continuously rising population and high demand from the industrial and Automobile sector. South Asia, particularly India, seems to be the key market for ABS as the country is seen as a generally under-supplied market with limited domestic manufacturing. Moreover, increasing focus of the Indian government towards spreading awareness for production in India through campaigns such as MAKE IN INDIA, Atmanirbhar, etc initiatives would stimulate the growth of the global ABS market in the forecast period.

Major Players:

  • Chimei,
  • Zhengjhiang Chimei,
  • LG Chem,
  • LG Yong Xin,
  • Petrochina Jilin,
  • Formosa chemical,
  • Techno Polymer,
  • Toray Plastics Malaysia,
  • INEOS Styrolution,
  • Lotte Advanced Materials,
  • Samsung SDI
  • Others

In FY19, the leading ABS producer Chimei is using Propane ammoxidation technology as propane is available in abundant due to increased production of natural gas.  The technology improves the efficiency of the manufacturing process and cuts CO2 emissions and water and electricity use.

“Being directly linked to the Automotive industry, the global ABS industry has shown a robust growth alongside growing population and changing consumer preference. India is forecasted to become the world's third largest polymer consumer market by 2025. In addition, growing per capita income globally poised a stronger outlook to the country’s ABS demand. The nationwide lockdown affected the demand and increased the price due to minimum demand.  Global ABS pricing curve shows strong movement in line with the natural gas which left major economics indulged into ABS production. With new competitors emerging across the Asian ABS market, players anticipate that supply will soon outpace demand soon. At this, it is extremely important to keep an eye which region will grab the biggest market share in the upcoming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm promoting ChemAnalyst.

Report Scope:
 
In this report, global acrylonitrile butadiene styrene market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
 

Attribute

Details

Market size volume in 2020

10.62 million tons

Growth Rate

CAGR of 5.74% from 2021 to 2030

Base year for estimation

2020

Historic Data

2015 – 2019

Forecast period

2022 – 2030

Quantitative units

Revenue in USD million/billion and CAGR from 2021 to 2030

Report coverage

Revenue forecast, demand & supply, competitive analysis, competitive landscape, growth factors, and trends

Segments covered

By Technology (Propane Ammoxidation Technology, Others)
By End-Use (Electrical and Electronics, Automotive, Household & Construction, Potential New Appliances, others)

Regional scope

North America; Europe; Asia Pacific; South America; Middle East & Africa

Country scope

United States; Mexico; Canada; China; India; Japan; South Korea; Taiwan; Singapore; Germany; Belgium; France; United Kingdom; Spain; Italy; Sweden; Austria; Saudi Arabia; Iran; South Africa; Brazil; Argentina

Key companies profiled

Chimei, LG Chem, Zhengjhiang Chimei, LG Yong Xing, Petrochina Jilin, Lotte Advanced Chemicals, Samsung SDI, INEOS Styroution, SABIC Innovative Plastics etc.

Customization scope

Free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Table of Content

1.     Global Acrylonitrile Butadiene Styrene Market Outlook, 2015-2030
1.1.   Capacity, By Volume
1.1.1.By Company
1.2.   Production, By Volume
1.2.1.By Company
1.3.   Operating Efficiency
1.3.1.By Company
 
2.      Global Acrylonitrile Butadiene Styrene Demand Outlook, 2015-2030, By Volume
2.1.   By Technology
2.2.   By End Use
2.3.   By Region
2.4.   By Company
 
3.      North America Acrylonitrile Butadiene Styrene Market Outlook, 2015-2030
3.1.   Capacity, By Volume
3.1.1.By Country
3.2.   Production
3.2.1.By Country
3.3.   Operating Efficiency
3.3.1.By Country
 
4.      North America Acrylonitrile Butadiene Styrene Demand Outlook, 2015-2030, By Volume
4.1.   By Technology
4.2.   By End Use
4.3.   By Country
 
4.4.  United States Acrylonitrile Butadiene Styrene Market Outlook, 2015-2030
4.4.1.Capacity, By Volume
4.4.1.1.             By Company
4.4.1.2.             By Location
4.4.2.Production
4.4.2.1.             By Company
4.4.3.Operating Efficiency
4.4.3.1.             By Company
 
4.4.4.      United States Acrylonitrile Butadiene Styrene Demand-Supply Scenario, 2015-2030, By Volume
4.4.4.1.             Demand
4.4.4.2.             Supply
4.4.4.3.             Gap
 
4.4.5.      United States Acrylonitrile Butadiene Styrene Demand Outlook, 2015-2030, By Volume
4.4.5.1.             By Technology
4.4.5.2.             By End Use
4.4.5.3.             By Company Share (At least top 3 companies’ market share)
4.4.5.4.             By Region
4.4.5.5.             By Sales Channel
 
4.5.  Mexico Acrylonitrile Butadiene Styrene Market Outlook, 2015-2030
4.5.1.Capacity, By Volume
4.5.1.1.             By Company
4.5.1.2.             By Location
4.5.2.Production
4.5.2.1.             By Company
4.5.3.Operating Efficiency
4.5.3.1.             By Company
 
4.5.4.      Mexico Acrylonitrile Butadiene Styrene Demand-Supply Scenario, 2015-2030, By Volume
4.5.4.1.             Demand
4.5.4.2.             Supply
4.5.4.3.             Gap
 
4.5.5.      Mexico Acrylonitrile Butadiene Styrene Demand Outlook, 2015-2030, By Volume
4.5.5.1.             By Technology
4.5.5.2.             By End Use
4.5.5.3.             By Company Share (At least top 3 companies’ market share)
4.5.5.4.             By Region
4.5.5.5.             By Sales Channel
 
4.6.  Canada Acrylonitrile Butadiene Styrene Market Outlook, 2015-2030
4.6.1.Capacity, By Volume
4.6.1.1.             By Company
4.6.1.2.             By Location
4.6.2.Production
4.6.2.1.             By Company
4.6.3.Operating Efficiency
4.6.3.1.             By Company
 
4.6.4.      Canada Acrylonitrile Butadiene Styrene Demand-Supply Scenario, 2015-2030, By Volume
4.6.4.1.             Demand
4.6.4.2.             Supply
4.6.4.3.             Gap
 
4.6.5.      Canada Acrylonitrile Butadiene Styrene Demand Outlook, 2015-2030, By Volume
4.6.5.1.             By Technology
4.6.5.2.             By End Use
4.6.5.3.             By Company Share (At least top 3 companies’ market share)
4.6.5.4.             By Region
4.6.5.5.             By Sales Channel
 
 
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ChemAnalyst is a ‘one stop’ digital platform that offers comprehensive market intelligence data and in-depth analysis of the Indian chemical and petrochemical industry. ChemAnalyst’s team of 100+ analysts are engaged in tracking chemical prices daily, production capacity, demand and supply outlook, manufacturing plant locations, foreign trade data and news/deals for more than 400 major chemicals produced in India. ChemAnalyst is promoted by TechSci Research which is an award winning research based management consulting firm providing market research and advisory solutions to the customers worldwide, spanning a range of industries including Chemicals & Material, Automotive, Consumer & Retail, ICT, Energy & Power, Aerospace & Defense, Water and Waste Management, BFSI and more.

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