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Global Acrylonitrile Butadiene Styrene (ABS) Market: by Application; Country Overview; Recent Events; Value Chain Analysis; Production Process; Trade Analysis; Cost Structure; Price Analysis; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis, Porter’s Five Forces; Market Analysis; Industry Best Practices; Key Supplier Analysis, 2022-2027

Acrylonitrile Butadiene Styrene Market Outlook

The global Acrylonitrile Butadiene Styrene Market size was valued approximately USD 16.50 billion in the base year of 2021. In 2027, the global Acrylonitrile Butadiene Styrene market share is likely to attain a value of around USD 23.41 billion. The progress of the market throughout the projected years between 2022-2027 will be increasing at a CAGR of 6%.

The Acrylonitrile Butadiene Styrene industry is expanding due to its extensive application in end-uses like automotive, construction, 3D printing, and electrical among others.

The Acrylonitrile Butadiene Styrene market demand is growing rapidly owing to its wide use in 3D printing and injection moulding.

The product is employed to manufacture various electrical sand household goods. Due its many properties like being strong, durable etc., its demand is exploding leading the Acrylonitrile Butadiene Styrene market growth.

The Acrylonitrile Butadiene Styrene market trend lists Asia as the dominant region of the industry.

The market for Acrylonitrile Butadiene Styrene is susceptible to the demand in automotive and multiple consumer goods sectors. The outages in plant power and fluctuations in the supply of raw materials also impact the Acrylonitrile Butadiene Styrene market prices and activities.

As the market is extremely volatile, the players constantly need to stay updated with news, analytics, prices and other market activity. To gain a secure position in the market and to be able to take crucial decisions, the players need to stay at the top of their game. The findings concerning the changing supply and demand patterns can be made with extensive market intelligence and projections.

Acrylonitrile Butadiene Styrene Market Progress

July 29, 2022- Ineos recently declared three consecutive projects with Sinopec. The project is worth USD 7 billion and will generate about USD 10 billion in sales from 7 million tonnes of production.

April 25, 2022- Bhansali is looking to expand the total ABS capacity with a capital expenditure of Rs 500 crore. The capacity will increase from the existing 137,000 tonnes to 200,000 tonnes.

29 June 2021- One of the most significant distributors of thermoplastics resin in the world, Nexeo Plastics, along with Coverstro, a material manufacturer, came together to create and launch a new filament called Polycarbonate/ABS 3D printing filament Addigy® FPB 2684 3D.

January 21, 2021- INEOS Styrolution, which leads the styrenics industry worldwide, declared the construction of a demonstration plant to inspect ABS manufacturing using plastic derived from feedstock recycling. The inspection will be done at its site in Antwerp, Belgium.

Global Acrylonitrile Butadiene Styrene Industry Definition and Segmentation

Acrylonitrile Butadiene Styrene or ABS is an unstructured thermoplastic polymer resistant to impact used in engineering. It comprises butadiene, acrylonitrile, and styrene. Acrylonitrile is an artificial monomer made from ammonia and propylene, making the ABS chemical resistant to heat. The process makes butadiene of ethylene production from steam crackers which makes it tough. Styrene is a by-product of the dehydrogenation of ethyl benzene, and it makes ABS rigid. Due to its application in auto parts, pipe fittings, electrical etc., the market is rapidly driving.

The Acrylonitrile Butadiene Styrene or ABS market report comprises segments based on application and region. On the basis of application, the global Acrylonitrile Butadiene Styrene market is classified into Appliances, Building & Construction, Electronics & Electrical, Alloys, Automotive, and Others.

Based off of region the Acrylonitrile Butadiene Styrene market is segmented into the Middle East and Africa, Latin America, North America, Europe, and Asia Pacific.

The segmentation of the Acrylonitrile Butadiene Styrene market key players can be done into LG Chem, Ineos Styrolution, SABIC, Trinseo and CNPC (PetroChina).

The Asia region is Primarily Dominating the Acrylonitrile Butadiene Styrene Expansion

The acrylonitrile-butadiene-styrene (ABS) market in Asia is projected to witness exceptional growth in the future. The market capacity is likely to expand considerably over the coming five years.

The Asia region will likely lead the global market as China has planned three new ABS plants by 2024 with a total capacity of about 1.60Mtpa. The country's total expenditure will reach around USD 1 billion (CapEx). The majority of the addition in capacity will include contributions to China National Petroleum Corp and Ineos Ltd.

The demand for equipment, electronic and consumer goods is rapidly rising, leading the market. China's advancing growth rate in industries like electronics, automotive etc., are mainly aiding the market. In addition, rise in construction activities owing to the growing economy is furthering the market.

Global Acrylonitrile Butadiene Styrene Market Analysis

Acrylonitrile butadiene styrene is derived by the emulsion method. It can be made by polymerizing styrene and acrylonitrile with polybutadiene present. The method results in an extended chain of polybutadiene that intertwines with more concise chains of polystyrene-co-acrylonitrile, forming strong bonds.

Another way of producing ABS is by employing a patented process called continuous mass polymerization. ABS is available in various forms and can be created into filament for additive manufacturing, pellets for injection moulding, and extruded for CNC machining.

The Wide Range of Applications Employing the Component is Further Driving the Procurement of Acrylonitrile Butadiene Styrene

ABS is extensively employed in the manufacturing of various plastic goods. Furthermore, it is a significant component in constructing automotive parts like interiors and plastic alloys. In addition, in the construction sector, it is used to make plastic forms making it ideal for the application.

Other uses for the component include toys, printers, and faxes, among many others. As a result, the growing use of the product in a wide range of industries is expected to drive global Acrylonitrile Butadiene Styrene market forecast.

Latin America, North America, Asia Pacific, Europe, Africa, and the Middle East are regions covered in the market report.

Market Key Players

  • LG Chemical
  • CNPC (PetroChina)
  • Ineos Styrolution
  • Trinseo

Competitive Market Landscape

  • SABIC- SABIC is a public manufacturer of petrochemicals established in Riyadh, Saudi Arabia. It is one of the highest-ranked producers of petrochemicals. The company's 70% shares are held by Saudi Aramco, while the rest of the 30% are traded publicly on the Saudi stock exchange. Presently, the company operates in approximately 50 nations with around 31,000 workers. It specialises in Petrochemicals, Agri-Nutrients and Specialties – and also an organisation, Metals (Hadeed). They aim to aid clients by providing opportunities in end-user industries like packaging, construction, transportation, electronics and clean energy.
  • LG Chemical- LG Chemicals is a Korean chemical company constantly advancing through innovations and challenges. The company's portfolio is competitive and balanced, consisting of advanced materials, petrochemicals, life sciences, and subsidiary expertise in batteries, now aiming to be a part of the top 5 chemical corporations worldwide.
  • CNPC (PetroChina)- China National Petroleum Corporation (CNPC) is a leading oil and gas company. It is a crucial part of the petroleum industry in China and comprises the business profiles of an oilfield service provider and an oil company. They function at a global scale with activities in more than thirty countries.
  • Ineos Styrolution- INEOS Styrolution leads the industry in providing styrene monomer, polystyrene, ABS Standard and styrenic specialities. They hold around 90 years of expertise and aid clients by delivering the best feasible solution, planned to provide a competitive edge in their markets.
  • Trinseo- Trinseo provides and manufactures plastics and latex binders globally. It concentrates on delivering sustainable and innovative solutions to clients to help them manufacture products across various industries. They have around 26 manufacturing sites globally, with sales valued at approximately USD 4.8 billion (2021). Their services range in Latex Binders, Engineered Materials, Base Plastics, Polystyrene, and Feedstocks.

1.    Executive Summary
2.    Global ABS Market Snapshot

    2.1.    ABS Market Outlook
    2.2.    ABS Industry Analysis by Application
        2.2.1.    Automotive
        2.2.2.    Appliances
        2.2.3.    Electronics & Electrical
        2.2.4.    Building & Construction
        2.2.5.    Alloys
        2.2.6.    Others
    2.3.    Regional Overview
        2.3.1.    North America
        2.3.2.    Europe
        2.3.3.    Asia Pacific 
        2.3.4.    Others
3.    Impact of Recent Events 
4.    ABS Value Chain Analysis 
5.    ABS Production Process
6.    Trade Analysis 
7.    Major Risk Factors in Sourcing
8.    ABS Cost Structure
9.    ABS Price Analysis 
10.    Key Demand Indicator Analysis
11.    Key Price Indicator Analysis
12.    ABS Market Dynamics

    12.1.    Drivers & Constraints
    12.2.    Industry Events 
    12.3.    Innovations & Trends
    12.4.    SWOT Analysis
    12.5.    Porter’s Five Forces
        12.5.1.    Buyer Power
        12.5.2.    Supplier Power
        12.5.3.    Threat of New entrants
        12.5.4.    Threat of Substitutes
        12.5.5.    Industry Rivalry
13.    Feedstock Market Analysis 
    13.1.    Market Overview
    13.2.    Price Analysis 
14.    Industry Best Practices
    14.1.    Sourcing Strategy
    14.2.    Procurement Model
    14.3.    Contract Structure
    14.4.    Negotiation Levers
    14.5.    Pricing Model
    14.6.    Key Factors Influencing the Quotation 
15.    Key Supplier Analysis
    15.1.    SABIC
    15.2.    LG Chem
    15.3.    CNPC (PetroChina)
    15.4.    Ineos Styrolution
    15.5.    Trinseo

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Key Questions Answered in the Report

The Acrylonitrile Butadiene Styrene Market was valued at approximately USD 16.50 Billion in 2021.

The Asia region of the industry holds the most significant share in the industry.

The market is likely to obtain a total value of around USD 23.41 Billion by 2027.

Appliances (23%), Building & Construction (17%), Automotive(26%), Alloys(7%), Electronics & Electrical(21%), and Others(6%) are the major applications covered in the report.

SABIC, LG Chemical, CNPC (PetroChina), INEOS Styrolution, and Trinseo are the most significant players in the industry.

Analyst Review

The global ABS Market attained a value of USD 16.50 billion in 2021, driven by the rising application of the material in the automotive industry. Owing to its various properties, it finds extensive application in various industries such as construction, railway, aerospace, etc., to manufacture many components. Due to its application in various industries, the market is expected to witness further growth in the forecast period of 2022-2027, growing at a CAGR of 6.0%. The market is projected to reach USD 23.41 billion by 2027.

Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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