Acrylonitrile Butadiene Styrene (ABS) Market Growth, Trends, and Regional Insights (2024-2029)

The Acrylonitrile Butadiene Styrene (ABS) Market is expected to grow by USD 5.50 billion from 2024 to 2029, at a CAGR of 4.3%. The expansion is driven by increasing manufacturing plant launches, technological advancements, and rising demand for high-performance thermoplastics across industries. However, supply chain disruptions and production facility shutdowns pose significant challenges.

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Market Segmentation

By Product:

• High-Impact ABS
• Flame-Retardant ABS
• General-Purpose ABS
• Recycled ABS

By Application:

• Appliances
• Electrical & Electronics
• Automotive
• Construction
• Others

By Geography:

• APAC (China, India, Japan, South Korea)
• North America (US, Canada)
• Europe (Germany, UK)
• South America (Brazil)
• Middle East & Africa

Key Market Dynamics

Drivers:

• Launch of new ABS manufacturing plants (e.g., LG Chem’s new plant in India – January 2024)
• Increasing demand for lightweight, durable, and impact-resistant plastics in automotive and electronics industries
• Technological advancements in 3D printing, injection molding, and additive manufacturing

Trends:

• Sustainable ABS materials (e.g., Trinseo's flame-retardant ABS with recycled content – April 2024)
• High-impact ABS adoption in automotive and aerospace due to its superior mechanical properties

Challenges:

• Production facility shutdowns (e.g., INEOS closure of Ohio facility – November 2024)
• Volatile raw material prices and regulatory scrutiny
• Growing preference for biodegradable alternatives

Regional Market

APAC (64% Market Share):

• China – Strong demand for ABS in automotive and electronics
• India – Expansion of manufacturing facilities and infrastructure projects
• Japan – Increasing adoption of high-performance ABS in industrial applications
• South Korea – Growing investments in sustainable and recycled ABS

North America:

• US – Demand driven by automotive and construction sectors
• Canada – Rising use of ABS in consumer electronics and packaging

Europe:

• Germany – Innovations in automotive-grade ABS for lightweight vehicles
• UK – Investments in eco-friendly and recycled ABS materials

South America:

• Brazil – Expanding ABS applications in construction and consumer goods

Middle East & Africa:

• UAE – Infrastructure and real estate growth boosting ABS demand

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Key Companies in the Acrylonitrile Butadiene Styrene (ABS) Market

Some of the key companies of the Acrylonitrile Butadiene Styrene (ABS) Market are as follows:

• BASF SE
• Chimei Corp.
• Covestro AG
• Formosa Chemicals and Fibre Corp
• INEOS Styrolution Group GmbH
• IRPC Public Co Ltd.
• Kumho Petrochemical Co. Ltd.
• LG Chem Ltd.
• Lotte Chemical Corp.
• PetroChina Co. Ltd.
• Ravago
• RTP Co.
• Saudi Basic Industries Corp.
• Techno UMG Co Ltd.
• Tianjin Dagu Chemical Co Ltd.
• Toray Industries Inc.
• Trinseo PLC
• Versalis S.p.A

Recent Market Developments (2024-2025)

• January 2024: LG Chem commenced trial runs at its new ABS plant in Andhra Pradesh, India, to meet growing demand in the automotive and industrial sectors.
• April 2024: Trinseo launched flame-retardant ABS materials free of PFAS and halogenated additives at Chinaplas 2024 in Shanghai, China.
• November 2024: INEOS announced the permanent closure of its ABS production facility in Ohio, US, due to economic challenges.