Acrylonitrile Butadiene Styrene (ABS) Market Analysis, Competition Assessment, Trends, Growth: Forecast Report 2023-2030 by RationalStat

The global Acrylonitrile Butadiene Styrene (ABS) market is expected to reach US$ 32.3 billion by 2030, with an annual growth rate of more than 4.9%.

Wilmington, Delaware, Oct. 20, 2023 (GLOBE NEWSWIRE) — According to

Global Acrylonitrile Butadiene Styrene (ABS) Market: Segmental and Market Share Analysis

• Based on type, opaque segment is dominating the global acrylonitrile butadiene styrene (ABS) market due to its wide-ranging applications in various industry.
• Based on region, due to a variety of variables, Asia Pacific is the fastest expanding area in the ABS industry. ABS is in high demand in the region due to the region’s thriving automotive, electronics, and appliances industries.

Report Synopsis

Report Metrics	Details
Base Year	2023
Forecast Period	2023-2030
Base Year Market Size	US$ 23 billion
Market Size Forecast	US$ 32.3 billion
Growth Rate	4.9%
Dominant Segment	Opaque
Dominant Region	Asia Pacific
Key Market Drivers	Growing demand from end use industry Technological advancements Increasing focus on sustainability
Companies Profiled	LG Chem Ltd. Asahi Kasei Corporation CHIMEI Corporation Formosa Plastics Corporation Kumho Petrochemical, Co. Ltd. Saudi Basic Industries Corporation (SABIC) Trinseo INEOS Styrolution Group GmbH BASF SE DuPont de Nemours, Inc.

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Competition Analysis and Market Structure

Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players. Some of the key developments in the global acrylonitrile butadiene styrene (ABS) market include,

• In April 2023, Formosa Chemicals & Fibre Corporation has planned a significant expansion of producing ABS with a projected capacity of 7.43 million tonnes per annum by 2030.

Some of the prominent players and suppliers operating and contributing significantly to the global acrylonitrile butadiene styrene (ABS) market growth include LG Chem Ltd., Asahi Kasei Corporation, CHIMEI Corporation, Formosa Plastics Corporation, Kumho Petrochemical, Co. Ltd., Saudi Basic Industries Corporation (SABIC), Trinseo, INEOS Styrolution Group GmbH, BASF SE, and DuPont de Nemours Inc., among others.

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RationalStat has segmented the global acrylonitrile butadiene styrene (ABS) market based on type, application and region

• Global Acrylonitrile Butadiene Styrene (ABS) Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Type
  • Opaque
  • Transparent
  • Colored
• Global Acrylonitrile Butadiene Styrene (ABS) Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Application
  • Appliances
  • Electrical and Electronics
  • Automotive
  • Consumer Goods
  • Construction
  • Others
• Global Acrylonitrile Butadiene Styrene (ABS) Market Value (US$ Million), Volume (Tons), and Market Share (2019-2030) Analysis by Region
  • North America Acrylonitrile Butadiene Styrene (ABS) Market
    • US
    • Canada
  • Latin America Acrylonitrile Butadiene Styrene (ABS) Market
    • Brazil
    • Mexico
    • Rest of Latin America
  • Western Europe Acrylonitrile Butadiene Styrene (ABS) Market
    • Germany
    • UK
    • France
    • Spain
    • Italy
    • Benelux
    • Nordic
    • Rest of Western Europe
  • Eastern Europe Acrylonitrile Butadiene Styrene (ABS) Market
    • Russia
    • Poland
    • Hungary
    • Other CIS Countries
    • Rest of Eastern Europe
  • Asia Pacific Acrylonitrile Butadiene Styrene (ABS) Market
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • ASEAN
      • Indonesia
      • Thailand
      • Philippines
      • Vietnam
      • Malaysia
      • Rest of ASEAN
    • Rest of Asia Pacific
  • Middle East & Africa Acrylonitrile Butadiene Styrene (ABS) Market
    • GCC
      • Saudi Arabia (KSA)
      • United Arab Emirates (UAE)
      • Rest of the GCC
    • South Africa
    • Nigeria
    • Turkey
    • Rest of the Middle East & Africa

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Key Questions Answered in the Acrylonitrile Butadiene Styrene (ABS) Report:

• What will be the market value of the global acrylonitrile butadiene styrene (ABS) market by 2030?
• What is the market size of the global acrylonitrile butadiene styrene (ABS) market?
• What are the market drivers of the global acrylonitrile butadiene styrene (ABS) market?
• What are the key trends in the global acrylonitrile butadiene styrene (ABS) market?
• Which is the leading region in the global acrylonitrile butadiene styrene (ABS) market?
• What are the major companies operating in the global acrylonitrile butadiene styrene (ABS) market?
• What are the market shares by key segments in the global acrylonitrile butadiene styrene (ABS) market?  

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Research Methodology

RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.

RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:

• Defining the problem by understanding the type of market and data required by the client.
• Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
• Formulating a hypothesis to create market numbers, forecasts, influencing factors, and their relevance.
• Evaluating and analyzing the data by referring to data sources utilized and leveraged.
• Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.

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