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Global $39.2 Bn Acrylonitrile-Butadiene-Styrene (ABS) Resin Markets, 2012-2019 & 2020-2027 - ResearchAndMarkets.com

·4 min read

DUBLIN, July 21, 2021--(BUSINESS WIRE)--The "Acrylonitrile-Butadiene-Styrene (ABS) Resin - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Acrylonitrile-Butadiene-Styrene (ABS) Resin Market to Reach $39.2 Billion by 2027

Amid the COVID-19 crisis, the global market for Acrylonitrile-Butadiene-Styrene (ABS) Resin estimated at US$28.6 Billion in the year 2020, is projected to reach a revised size of US$39.2 Billion by 2027, growing at a CAGR of 4.6% over the analysis period 2020-2027.

Automobile, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$13.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Electricals & Electronics segment is readjusted to a revised 4.6% CAGR for the next 7-year period.

The U.S. Market is Estimated at $7.8 Billion, While China is Forecast to Grow at 7.1% CAGR

The Acrylonitrile-Butadiene-Styrene (ABS) Resin market in the U.S. is estimated at US$7.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$8 Billion by the year 2027 trailing a CAGR of 7.1% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.5% and 4.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.8% CAGR.

Medical Segment to Record 4.2% CAGR

In the global Medical segment, USA, Canada, Japan, China and Europe will drive the 3.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$3.2 Billion in the year 2020 will reach a projected size of US$4.2 Billion by the close of the analysis period.

China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.2 Billion by the year 2027, while Latin America will expand at a 5.2% CAGR through the analysis period.

Select Competitors (Total 41 Featured):

  • 3M Company

  • Arkema Group

  • Ashland Global Holdings, Inc.

  • BASF SE

  • Chemtura Corporation

  • Chi Mei Corporation

  • Covestro AG

  • Elix Polymers

  • Formosa Chemicals & Fibre Corporation

  • Grand Pacific Petrochemical Corporation

  • Lanxess AG

  • LG Chem

  • LyondellBasell Industries NV

  • NEOS Styrolution Group GmbH

  • NOVA Chemicals Corporation

  • SABIC (Saudi Basic Industries Corporation)

  • Teijin Ltd.

  • Trinseo LLC

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

  • Influencer Market Insights

  • World Market Trajectories

  • Impact of Covid-19 and a Looming Global Recession

  • World Current & Future Analysis for Acrylonitrile-Butadiene-Styrene (ABS) Resin by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ million for Years 2020 through 2027 and % CAGR

  • World Historic Review for Acrylonitrile-Butadiene-Styrene (ABS) Resin by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets - Independent Analysis of Annual Sales in US$ million for Years 2012 through 2019 and % CAGR

  • World 15-Year Perspective for Acrylonitrile-Butadiene-Styrene (ABS) Resin by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa Markets for Years 2012, 2020 & 2027

  • World 15-Year Perspective for Automobile by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2020 & 2027

  • World 15-Year Perspective for Electricals & Electronics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2020 & 2027

  • World 15-Year Perspective for Medical by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2020 & 2027

  • World 15-Year Perspective for Construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2020 & 2027

  • World 15-Year Perspective for Other End-Uses by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America, Middle East and Africa for Years 2012, 2020 & 2027

III. REGIONAL MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 41

For more information about this report visit https://www.researchandmarkets.com/r/871yq8

View source version on businesswire.com: https://www.businesswire.com/news/home/20210721005517/en/

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