"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Acrylonitrile Butadiene Styrene Market Size, Share & COVID-19 Impact Analysis, By Application (Appliances, Automotive, Consumer Goods, Construction, Electronics, and Others), and Regional Forecast, 2020-2027

Last Updated: May 06, 2024 | Format: PDF | Report ID: FBI104538



Play Audio Listen to Audio Version

The global acrylonitrile butadiene styrene market size was USD 25,135.0 million in 2019 and is projected to reach USD 42,809.5 million by 2027, exhibiting a CAGR of 6.9% during the forecast period.

Acrylonitrile Butadiene Styrene (ABS) is a rigid thermoplastic polymer that provides properties such as flexibility, resilience to temperature, and good appearance. These materials have major applications in the electronic appliances and automotive sectors, where they are used for vehicles and auto parts manufacturing. Other applications include the usage of ABS in the construction industry, electronics industry, consumer goods, and the manufacturing of household appliances. The high demand for ABS polymer can be associated with the high demand for plastics from the aforementioned end-use industries. The rising demand from the medical industry is also supporting the growth of the ABS market due to the spread of the coronavirus, which in turn is leading to high demand for medical equipment such as insulin pens, respiratory devices, miniature implants, and others. All these factors are driving the demand for ABS, thus supporting the market’s growth.

Disruptions in Supply Chains amid the COVID-19 Outbreak to Disturb the Market Growth Trajectory

The coronavirus pandemic has massively affected the plastics industry, resulting in the temporary halting of manufacturing and other trade activities. The stoppage in manufacturing due to the pandemic has further caused a decline in economies due to the reduction in demand from consumers and various end-use industries, leading to unprecedented disruptions in the plastics supply chain. Lockdowns in several major economies have also had a significant impact on the trading and distribution activities of several manufacturing companies, further affecting the pricing of raw materials as well as finished goods.

However, the market is expected to stabilize due to the high demand for plastic for applications in the healthcare and medical industry. This growing demand is expected to support the stabilization of the ABS market growth in the coming years.


Request a Free sample to learn more about this report.

High Demand for Acrylonitrile Butadiene Styrene from Various End-Use Industries to Aid Market Growth

The adoption of lightweight vehicles is increasing worldwide due to the rising demand for fuel-efficiency to control CO2 emissions. ABS materials are used for the manufacturing of various auto parts such as bumpers, interiors, seating, center consoles, and others. The extensive utilization of these materials in the automotive industry is mainly due to their excellent properties, such as chemical resistance, lightweight density, and high strength. ABS is also used for airplane panels, interiors, and compartments. Moreover, the pandemic has further increased the demand for ABS in the medical and consumer goods industries for applications such as medical equipment and household appliances manufacturing. The growing rate of population has also led to an increase in construction activities worldwide, which is further driving the market growth of acrylonitrile butadiene styrene (ABS). 


Increasing Demand for Lightweight Vehicles Shall Support the Growth of the Market

The increasing demand from consumers for lightweight vehicles has led to innovation in the automotive industry that acts as a driving factor for the growth of the ABS market. The high growth rate of the global population has contributed to the increasing demand for efficient automobiles. These materials are used for various applications in an automobile, such as bumpers, exterior panels, dashboards, and others. The highly beneficial properties of ABS make the material ideal for use in the making of lightweight vehicles, thus creating high demand and propelling the market. Moreover, the growth in other sectors such as appliances manufacturing, construction, consumer goods, and electronics is also a major factor supporting the market’s growth.


Competition from Substitutes May Hinder Market Growth

Acrylonitrile butadiene styrene has seen a major demand growth from various end-use sectors. This, however, has also led to the development and introduction of substitutes in the market. These substitutes include styrene-butadiene rubber (SBR), which acts as a restraining factor for market growth. SBR offers properties of rubber, such as high abrasion resistance, which are essential for tire manufacturing and other parts of vehicles. According to the UN Environment Program (UNEP), 79% of plastic waste is dumped in the environment, leading to rampant plastic pollution. Governmental regulations over the protection of the environment and limiting the use of non-renewable resources further hinder the market supply chain, restraining its growth in the process.


By Application Analysis

To know how our report can help streamline your business, Speak to Analyst

Appliances Segment to Hold the Major Share in the Market

On the basis of application, the market is segmented into appliances, automotive, consumer goods, construction, electronics, and others. The appliances segment dominated the market due to the high demand for appliances such as safety helmets, sports equipment, vacuum cleaner, cameras, and telephones. The technological advancements in electrical and electronics have led to high demand for the aforementioned finished products. Moreover, ABS is a good substitute for PVC, where it can be used for construction applications such as tubes and pipes, flooring, and others.

The automotive segment is expected to grow at the fastest pace owing to the increasing consumer demand for lightweight vehicles. Acrylonitrile butadiene styrene is used in the making of several auto parts such as dashboard, bumpers, exterior panels, and others. Using ABS material for these components lowers the overall weight of an automobile, thus creating high demand. Moreover, technological advancement and innovations in the automotive industry are further supporting the increasing market size of ABS.


Asia Pacific Acrylonitrile Butadiene Styrene Market Size, 2019 (USD Million)

To get more information on the regional analysis of this market, Request a Free sample

North America is estimated to have a significant revenue share in the global market, which can be associated with rapid technological advancements, innovations, and the high spending power of consumers in the region. The increased production of and demand for cost-efficient and lightweight automobiles from consumers and the growth in the construction industry have been the leading factors for the development of the regional market. This growing demand is supported by the high economic status of countries in the region, which in turn is driving the ABS market. Moreover, the demand from the medical industry during the pandemic has also been supporting the market for acrylonitrile butadiene styrene.

Asia Pacific dominated the acrylonitrile butadiene styrene market share and is estimated to have a value of USD 14,244.2 million in 2019, which can be attributed to the increasing demand for ABS materials from various end-use industries that include automobile, construction, and others. The economic development of countries such as China and India has led to a substantial growth in the region’s construction industry, additionally driven by improvements in lifestyles and government infrastructure projects. China dominated the Asia Pacific region due to high population growth and rising disposable incomes. Moreover, a growing middle-class population is further fueling the demand for cost-effective and lightweight automobiles.

Europe is expected to exhibit considerable growth during the forecast period. This growth can be linked to the rising demand for efficient, lightweight automobiles from a diverse set of consumers. Improving consumer lifestyle and technological innovations are the key drivers for the increasing demand for automobiles offering fuel efficiency and creating market opportunities. Germany is one of the major countries for automotive manufacturing, and the economic growth within the country is supporting the development of cost- and fuel-efficient solutions in the automotive industry.

To know how our report can help streamline your business, Speak to Analyst

Latin America and the Middle East & Africa are expected to have substantial growth during the forecast period. In Latin America, Brazil and Mexico are expected to generate multiple opportunities for market players on account of their rapid economic growth, speedy urbanization, and increasing construction activities. Moreover, the adoption of advanced technologies has led to high consumption of ABS for applications in the construction and consumer goods industries.

Furthermore, the Middle East & Africa is a major location for raw materials, providing easy access to the domestic manufacturers in the region and leading to low-cost production. Moreover, the region’s growing economy is leading to massive urbanization, which in turn is causing a high demand for finished goods from electrical appliances, consumer goods, and other sectors.


Joint Ventures and Capacity Expansion are the Key Strategic Initiatives Implemented by Top Companies

Key players operating in this market include BASF, 3M, Covestro AG, and INEOS. The companies profiled are involved in capacity improvements, product innovations, acquisitions, collaborations, and mergers to gain a competitive edge in the global market. For example, the Asahi Kasei Group has proactively expanded its production capacity for identified acrylonitrile (AN) and solution-polymerized styrene-butadiene rubber (S-SBR) for fuel-efficient tires overseas, mainly in Asia, as a strategic management initiative.


  • BASF (Ludwigshafen, Germany)

  • 3M (Minnesota, United States)

  • Covestro AG (Leverkusen, Germany)

  • INEOS (London, UK)

  • SABIC (Riyadh, Saudi Arabia)

  • LG Chemicals (Seoul, South Korea)

  • Chi Mei Corporation (Tainan City, Taiwan)

  • Asahi Kasei Corp. (Tokyo, Japan)

  • KUMHO PETROCHEMICAL (Seoul, South Korea)

  • Formosa Chemicals & Fibre Corp (Tainan City, Taiwan)

  • Other Key Players


  • In June 2021 Nexeo Plastics and Covestro launched the new Polycarbonate/ABS 3D printing filament Addigy FPB 2684 3D. This filament is available from now on via Nexeo Plastics’ distribution platform. With this launch, the company will continue to invest and expand their 3D printing product portfolio and support services.

  • In January 2021 – INEOS Styrolution builds a demonstration plant at its Antwerp, Belgium, site to test production of ABS plastic from recycled feedstock. The project, called “LIFE ABSolutely Circular” aims at demonstrating the environmental and economic benefits of using advanced recycling technologies to close the loop of plastic recycling.

  • In July 2020 – BigRep, introduced ABS and ASA, two new BigRep certified, engineering-grade materials for applications in the automotive industry and for consumer products such as outdoor or sports applications. Both versatile and impact-resistant, the new ABS (Acrylonitrile Butadiene Styrene) is suited for mobility applications and a variety of end-use consumer appliances


An Infographic Representation of Acrylonitrile Butadiene Styrene (ABS) Market

To get information on various segments, share your queries with us

The global acrylonitrile butadiene styrene market report provides a detailed analysis of the market and focuses on crucial aspects such as leading companies, sources, applications, and products. Also, the report offers insights into market trends and highlights vital industry developments. In addition to the factors mentioned above, the report encompasses various factors that have contributed to the growth of the market over recent years.

Report Scope & Segmentation



Study Period


Base Year


Forecast Period


Historical Period



Value (USD Million); Volume (Kiloton)


  Application; and Geography

By Application

  • Appliances

  • Automotive

  • Consumer Goods

  • Construction

  • Electronics

  • Others

By Geography

  • North America (By Type, Application, and By Country)

    • The U.S. (By Application)

    • Canada (By Application)

  • Europe (By Type, Application, and By Country)

    • France (By Application)

    • Germany (By Application)

    • The UK (By Application)

    • Italy (By Application)

    • Spain (By Application)

    • Poland (By Application)

    • Rest of Europe (By Application)

  • Asia Pacific (By Type, Application, and By Country)

    • China (By Application)

    • India (By Application)

    • Japan (By Application)

    • South Korea (By Application)

    • Rest of Asia Pacific (By Application)

  • Latin America (By Type, Application, and By Country)

    • Brazil (By Application)

    • Rest of Latin America (By Application)

  • The Middle East & Africa (By Type, Application, and By Country)

    • South Africa (By Application)

    • Rest of the Middle East & Africa (By Application)

Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 25,135.0 million in 2019 and is projected to reach USD 42,809.5 million by 2027.

In 2019, the market value stood at USD 25,135.0 million.

Growing at a CAGR of 6.9%, the market will exhibit decent growth in the forecast period (2020-2027).

The appliances segment is expected to be the leading segment in this market during the forecast period.

Increasing demand from automotive and construction activities by various consumers due to technological advancements is a key factor driving market growth.

BASF, 3M, Covestro AG, and INEOS are the leading players in the global market.

Asia Pacific dominated the global market in 2019.

The continuous growth in economies, technologies, and innovation are driving the demand for ABS.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2019-2032
    (In Process)
  • 2023
    (In Process)

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.