Acrylonitrile Butadiene Styrene Market Size USD 48.9 billion by 2033

The global acrylonitrile butadiene styrene market was valued at USD 31.2 billion in 2023, growing at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2033. The acrylonitrile butadiene styrene market is projected to reach USD 48.9 billion by 2033, according to the latest report by The Brainy Insights.

The report estimates that strong growth in automotive industry will be the major driver for the growth of the Acrylonitrile Butadiene Styrene (ABS) market for the next 10 years. ABS is a copolymer of three monomers: Acrylonitrile, Butadiene, and Styrene. The excellent features of ABS, such as toughness, chemical resistance, and dimensional stability, are highly beneficial for the manufacture of automotive components. "The growing demand greatly aids opportunities in the acrylonitrile butadiene styrenes market in the automotive sector," said Avinash D, lead author of the report. "Asia Pacific emerged as the largest global acrylonitrile butadiene styrene market, with a 36.4% market revenue share in 2023." The report also indicates that major players in the ABS market are working on developing new models to increase their efficiency and cost-effectiveness. To take advantage of new opportunities or offset the impact of external challenges, global players are rethinking their strategies on product innovation, investments, and mergers and acquisitions.

The Acrylonitrile Butadiene Styrene (ABS) market is expected to experience strong growth in the coming years due to its excellent features and increased demand in the automotive industry, with Asia Pacific leading the way in terms of revenue share.

Analyzing recent developments and technological breakthroughs, The Brainy Insights has developed reliable solutions to forecast expected trends in the global market. Our market intelligence solutions can help decision makers maintain a competitive edge in the market and make informed decisions for their businesses.