Acrylonitrile-Butadiene-Styrene (ABS) Resin Market - Forecast(2024 - 2030)

Animal Protein Ingredient Market Size is forecast to reach $ 29864.1 Million by 2030, at a CAGR of 4.50% during forecast period 2024-2030.The global ABS (Acrylonitrile Butadiene Styrene) resin market is the largest market in 2017 and is expected to grow at a highest growth rate in the forecast period. The global consumer demand is growing with 4.55% over the period 2018-2023. The ABS Resin market is driven by the growing demand for household appliances and electronic devices owing to the increasing purchasing power of the middle class population across the globe.

 

ABS is made from styrene, butadiene, and acrylonitrile. Acrylonitrile is a synthetic monomer produced from ammonia and propylene; butadiene is a petroleum hydrocarbon acquired from butane; and styrene monomer, is obtained from coal, commercially found from ethylene and benzene from coal. 

ABS a thermoplastic resin generally used for applications like injection molding. The benefit of ABS is the combination of rigidity and strength of styrene and acrylonitrile polymers with stiffness of polybutadiene rubber. ABS resins are regularly used in polymer amalgams for various different requests, to achieve the unsurpassed properties from the shared product.

This report gives an in-depth analysis of the ABS Resin market by grade, application, and geography. The major grades of ABS resin encompassed within the scope of the report include Gloss, Flow, and Composite.

 

ABS is an economical engineering plastic that is easy to fabricate and machine. Although, the derivative PC-ABS resin is not low cost it is an ideal material for applications when impact resistance, strength, and stiffness are required. PC-ABS is one of the most widely used industrial thermoplastics. These can be used for molding parts requiring close dimensions, outstanding surface finishing, high impact resistance, and metal plating. The exclusive mishmash proposes a perfect amalgamation of thermal and mechanical properties for appliances, such as transportation and automotive, medical, electronics, consumer products, electrical, communication and IT applications. The applications considered in the market scope are household appliances and electronics. There is a rising demand in the electronics sector for 3D printed PC-ABS parts utilizing digital image correlation. 3D printing material achievements have skyrocketed over the past five to ten years, and PC-ABS is one among them.

Market Research and Market Trends of ABS Resin 

Who are the Major Players in ABS resin market?

 

The report incorporates in-depth assessment of the competitive landscape, product market sizing, product benchmarking, market trends, product developments, financial analysis, strategic analysis and so on to gauge the impact forces and potential opportunities of the market. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2018-2023.

 

All our reports are customizable to your company needs to a certain extent, we do provide 20 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.

 

• Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals.
• Understand the different dynamics influencing the market – key driving factors, challenges and hidden opportunities.
• Get in-depth insights on your competitor performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Analyze the sales and distribution channels across key geographies to improve top-line revenues.
• Understand the industry supply chain with a deep-dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes. 
• Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years. 
• Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.

Key Market Players:

The Top 5 companies in the Acrylonitrile-Butadiene-Styrene (ABS) Resin Market are:

1. 3M Company
2. Covestro AG 
3. CHIMEI Corporation
4. LG Chem Ltd.
5. Ineos Group Limited