Asia-Pacific Acrylonitrile-Butadiene-Styrene (ABS) Resin Market - Segmented by End-user Industry, Grade Type, and Geography - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

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The Asia-Pacific acrylonitrile-butadiene-styrene (ABS) market is expected to witness a moderate growth during the forecast period, 2018 - 2023. The market is driven by the dynamic economic development in the Asia-Pacific region and the rapid growth in the automotive, construction, and consumer appliances industries during the forecast period.

Increasing Demand in Automotive Industry

Acrylonitrile-butadiene-styrene (ABS) is a high-performance thermoplastic, whose application in the automotive industry is rapidly increasing. ABS serves the automotive industry in various forms of application, including manufacturing of high-quality automotive instrument panels, wheel covers, dashboard components, pillar trim, door liners & handles, seat backs, and seat belt components. Furthermore, the growing demand for lightweight & high-performance plastics in the automotive industry to provide increased efficiency and design flexibility is driving the demand for the ABS resin market during the forecast period.

Growing Usage in Electrical & Electronics

The demand for ABS is increasing in the electrical & electronics industry due to the advantageous properties of ABS, such as enhanced flame resistance, structural strength, and the flexibility of several different formulations to provide impact resistance and toughness. It is also resistant to many corrosive media, such as water, salts, food acids, inorganic acids, and alkali, and this has made it a material of choice in most of the electrical insulation applications.  Composites, such as Polycarbonate/ABS, PMMA/ABS, glass reinforced, carbon fiber reinforced, stainless steel fiber reinforced and others, with enhanced impact as well as flame resistance are being excessively used in most consumer electronics devices, industrial electronics applications, household and food handling appliances, etc.

China to Dominate the Market

China’s electrical & electronics industry has recorded a stupendous growth during the recent decade, primarily due to the burgeoning demand of the consumer/household electronic appliances. Additionally, the revenue for the electric component manufacturing industry in China is expected to increase the consumption of EMI shielding grade ABS blends in electrical housings & cabinets, wires & cables, and other electronic assemblies. Furthermore, the voluminous production of electrical components and the rapid growth of China’s electric & electronic industry are expected to increase the consumption of ABS in Chinese markets during the forecast period.


Major Players: 3M, BASF SE, Covestro, and SABIC, among others.

Reason to purchase this Report

  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To identify the end-user industry that is expected to dominate the market
  • Countries that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction

                1.1 Research Phases

                1.2 Study Deliverables

                1.3 Scope of the Report

2. Executive Summary  

3. Market Insights

                3.1 Industry Value Chain Analysis

                3.2 Industry Attractiveness- Porters Five Forces Analysis

                                3.2.1 Bargaining Power of Suppliers

                                3.2.2 Bargaining Power of Consumers

                                3.2.3 Threat of New Entrants

                                3.2.4 Threat of Substitute Products and Services

                                3.2.5 Degree of Competition

                3.3 Raw Material Analysis

4. Market Dynamics

                4.1 Drivers

                                4.1.1 Increasing Demand in Automotive Industry

                                4.1.2 Growing Applications in Electronics and Construction Industry

                                4.1.3 Abundant Availability of Feedstock Derived from Natural Gas and Crude Oil Processing

                4.2 Constraints

                                4.2.1 Availability of Better Quality Substitute Products.

                                4.2.2 Stringent Environmental regulations

                4.3 Opportunities

                                4.3.1 Growing R&D for Innovative Applications and Products

                                4.3.2 Increased Fabrication of Medical Instruments Using ABS Plastics

5. Market Segmentation and Analysis (Market Size, Growth and Forecast)

                5.1  By End-user Industry

                                5.1.1 Automobile

                                5.1.2 Aerospace

                                5.1.3 Construction

                                5.1.4 Electricals & Electronics

                                5.1.5 Medical

                                5.1.6 Oil & Gas/Chemical Processing

                                5.1.7 Others (Alternative Energy, Defense)         

                5.2 By Grade Type

                                5.2.1 Flame-retardant grade

                                5.2.2 Impact

                                5.2.3 Platable

                                5.2.4 Gloss

                                        High Gloss

                                        Low Gloss

                                5.2.5 Flow

                                       High Flow

                                       Low Flow

                                5.2.6  Composite grades

                                       Glass Fiber Reinforced

                                       Carbon Fiber Reinforced

                                       EMI Shielding Grades (Carbon fiber, SS fiber, Others)

                                       Others (Nylon, Rubber Modified, Wood, Others)

6. Regional Market Analysis (Market Size, Growth and Forecast)

                6.1 China

                6.2 India

                6.3 Japan

                6.4 South Korea

                6.5 South-East Asian Countries

                                6.5.1 Indonesia

                                6.5.2 Philippines

                                6.5.3 Myanmar

                                6.5.4 Malaysia   

                                6.5.5 Singapore

                                6.5.6 Thailand

                                6.5.7 Vietnam

                                6.5.8 Others

                6.6 Australia & New Zealand

                6.7 Rest of Asia-Pacific

7. Competitive Landscape

                7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements

                7.2 Market Share Analysis**

                7.3 Strategies Adopted by Leading Players

8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)

                8.1 3M

                8.2 Arkema

                8.3 Ashland Inc.

                8.4 BASF SE

                8.5 Covestro

                8.6 Chemtura Corporation

                8.7 Chei Mei Corp.

                8.8 Elix Polymers Formosa

                8.9 Chemicals & Fibre Corporation

                8.10 Lanxess

                8.11 LG Chemicals

                8.12 LyondellBasell Industries

                8.13 Plunkett’s Chemicals

                8.14 SABIC

                8.15 Grand Pacific Petrochemical Corporation

                8.16 INEOS

                8.17 The Dow Chemical Company

                8.18 Nova Chemicals Corporation

                8.19 CCP Composites

                8.20 Styron

                8.21 Teijin Limited

                 *List not exhaustive

9. Disclaimer

** Subject to availability on public domain

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