The global ABS Resins market size was valued at USD 16840 million in 2022 and is forecast to a readjusted size of USD 21980 million by 2029 with a CAGR of 3.9% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global top 5 players of ABS resins are, LG Chem, Formosa, CHIMEI, CNPC and Lotte Chemical, with nearly a half market share. Among the giants in the industry, LG Chem makes up over 10%.
The largest market size held by Asia-Pacific, with a share over 70%, followed by Europe (10%) and North America (8%).
General purpose ABS and specialty ABS are two main types of the product, in which the dominant is general purpose ABS, with a share about 80%.
Micro DC motors has been widely used in automotive, household appliances, consumer goods and electronics. And the market of household appliances is the largest segment, with a market share of 30%.
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ABS is a kind of polymer obtained through the copolymerization of three kinds of monomers, namely acrylonitrile, butadiene and styrene. Each of these three monomers has a specific property: the addition of acrylonitrile can improve the anti-corrosion and rigidity properties, butadiene promotes the shock resistance and styrene will contribute the material good fineness. It is among the low cost engineering plastic that is easy to machine and fabricate. ABS is an ideal material for structural applications when impact resistance, strength, and stiffness are required. It is widely used for machining pre-production prototypes such as the auto dashboard since it has excellent dimensional stability and is easy to paint and glue. Natural (beige) ABS and black ABS are FDA compliant for use in food processing applications. Besides, it is widely used in the toys and electron industries including the PC enclosure.
This report is a detailed and comprehensive analysis for global ABS Resins market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.
Key Features:
- Global ABS Resins market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2018-2029
- Global ABS Resins market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2018-2029
- Global ABS Resins market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2018-2029
- Global ABS Resins market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2018-2023
The Primary Objectives in This Report Are:
- To determine the size of the total market opportunity of global and key countries
- To assess the growth potential for ABS Resins
- To forecast future growth in each product and end-use market
- To assess competitive factors affecting the marketplace
This report profiles key players in the global ABS Resins market based on the following parameters – company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include LG Chem, Formosa, CHIMEI, CNPC and Lotte Chemical, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.
Market Segmentation
ABS Resins market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
- General Purpose ABS
- Specialty ABS
Market segment by Application
- Automotive
- Household Appliances
- Consumer Goods
- Electronics
- Others
Major players covered
- LG Chem
- Formosa
- CHIMEI
- CNPC
- Lotte Chemical
- INEOS Styrolution
- Toray
- SABIC
- JSR
- Dagu Chemical
- KKPC
- Huajin Chemical
- Gaoqiao
- Grand Pacific Petrochemical
- Trinseo
- Kumho Sunny
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The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe ABS Resins product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of ABS Resins, with price, sales, revenue and global market share of ABS Resins from 2018 to 2023.
Chapter 3, the ABS Resins competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the ABS Resins breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2018 to 2029.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2018 to 2029.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2022.and ABS Resins market forecast, by regions, type and application, with sales and revenue, from 2024 to 2029.
Chapter 12, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War.
Chapter 13, the key raw materials and key suppliers, and industry chain of ABS Resins.
Chapter 14 and 15, to describe ABS Resins sales channel, distributors, customers, research findings and conclusion.
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