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Report Overview

The global acrylonitrile butadiene styrene (ABS) consumption is experiencing significant growth, driven by its extensive application in industries such as automotive, electronics, construction, and consumer goods. ABS, a versatile thermoplastic polymer, is valued for its durability, impact resistance, and aesthetic finish, making it a preferred material for products ranging from automotive parts to consumer electronics and appliances.

2024

Base Year

2019-2024

Historical Year

2025-2030

Forecast Year

Acrylonitrile Butadiene Styrene (ABS) Supply Demand Overview

According to the acrylonitrile butadiene styrene (ABS) procurement report, Asia-Pacific is the leading consumer of ABS, with its dominance attributed to the rapid industrialization and expanding manufacturing sectors in countries like China, South Korea, Taiwan, and Japan. These nations are also major producers, leveraging advanced production technologies and robust supply chains to meet both domestic and international demand. Growth in the region is further supported by increasing construction activities and rising consumer demand for durable and high-performance materials.

On the supply side, advancements in polymerization technologies and capacity expansions by leading producers are addressing the growing demand. However, challenges such as fluctuations in raw material prices and its pricing strategies and environmental concerns surrounding plastic production and disposal could influence acrylonitrile butadiene styrene (ABS) procurement market in the coming years.

Acrylonitrile Butadiene Styrene (ABS) Cost Structure

The cost modeling of acrylonitrile butadiene styrene (ABS) production involves key factors such as raw materials, energy, operational expenses, transportation, and regulatory compliance. As per the acrylonitrile butadiene styrene (ABS) procurement report, the largest cost component stems from raw materials, with acrylonitrile, butadiene, and styrene serving as primary inputs. Pricing models of these petrochemical feedstocks are closely tied to fluctuations in crude oil prices and global supply-demand dynamics, significantly impacting production costs.

Energy costs play a major role, as ABS manufacturing involves polymerization and extrusion processes that require high energy inputs for temperature control and processing. Producers in regions with lower energy costs, such as Asia-Pacific, often hold a competitive edge in production efficiency.

Acrylonitrile Butadiene Styrene (ABS) Procurement Intelligence Report

Operational expenses, including labour, maintenance, and facility overhead, are another important factor considered in the acrylonitrile butadiene styrene (ABS) procurement report. Efficient process and category management and automation can reduce these costs, improving overall profitability. Transportation and logistics costs are also critical, influenced by the proximity of production facilities to raw material suppliers and end-use markets, particularly within Asia-Pacific.

Regulatory compliance, especially concerning emissions and environmental sustainability, adds to production costs. Handling by-products and adhering to waste disposal regulations require additional investments, particularly in regions with strict environmental laws.

Emerging innovations, such as bio-based or recycled feedstocks and advanced polymerization technologies, have the potential to reshape the cost structure by improving efficiency and reducing dependency on traditional inputs. These factors collectively determine the economic feasibility and market competitiveness of ABS, impacting the acrylonitrile butadiene styrene (ABS) procurement report.

Acrylonitrile Butadiene Styrene (ABS) Pricing Trends

Acrylonitrile butadiene styrene (ABS) pricing strategies are primarily influenced by fluctuations in the costs of its key raw materials—acrylonitrile, butadiene, and styrene—which are tied to crude oil and petrochemical market dynamics. Recent pricing trends in acrylonitrile butadiene styrene (ABS) procurement report indicate fluctuating prices, driven by increased demand in Asia-Pacific's manufacturing and construction sectors, alongside supply chain disruptions and higher energy costs. Stricter environmental regulations have also contributed to price pressures. However, capacity expansions and advancements in production technologies are expected to provide some price stability in the future.

Acrylonitrile Butadiene Styrene (ABS) Procurement Best Practices

Procurement practices in the acrylonitrile butadiene styrene (ABS) procurement report focus on securing reliable sourcing of raw materials, managing costs, and ensuring consistent supply. Strategic purchasing includes establishing long-term contracts with suppliers of acrylonitrile, butadiene, and styrene to reduce exposure to price volatility. Diversifying supplier networks across regions like China, South Korea, Taiwan, and Japan helps mitigate risks from supply chain disruptions. Sustainability considerations increasingly influence procurement, with an emphasis on sourcing from environmentally compliant producers. Advanced procurement tools and equipment, including digital platforms for market intelligence and demand forecasting, are being adopted to optimize costs and enhance supply chain efficiency.

Key Players in the Acrylonitrile Butadiene Styrene (ABS) Industry

LG Chem Ltd.

The company was established in 1947 and headquartered in Seoul, South Korea, LG Chem is a leading player in the ABS market. As per the acrylonitrile butadiene styrene (ABS) procurement report, the company is known for its extensive portfolio of high-performance materials and innovative solutions, catering to diverse industries such as automotive, electronics, and construction.

BASF SE

It was founded in 1865 and based in Ludwigshafen, Germany. BASF SE is a global chemical leader and a key supplier of ABS, leveraging its advanced research and development capabilities to offer materials with enhanced performance and sustainability features.

Saudi Basic Industries Corporation (SABIC)

The company stablished in 1976 and headquartered in Riyadh, Saudi Arabia, operating as one of the largest petrochemical manufacturers worldwide. It is a major producer of ABS, focusing on delivering high-quality materials tailored to various industrial applications.

China National Petroleum Corporation (CNPC)

The company was founded in 1988 and headquartered in Beijing, China, CNPC is a state-owned enterprise and a significant player in the ABS market. As per the acrylonitrile butadiene styrene (ABS) procurement report, the company benefits from its integrated petrochemical operations and strong domestic market presence.

Formosa Chemicals and Fibre Corporation

Formosa was established in 1965 and headquartered in Taipei, Taiwan, Formosa Chemicals is a key ABS manufacturer. It is known for its advanced production technologies and commitment to quality, and the company serves a broad range of industries globally.

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Recent Developments in the Acrylonitrile Butadiene Styrene (ABS) Procurement Report

  • In December 2024, INEOS Styrolution announced a definitive agreement to sell its Acrylonitrile Butadiene Styrene (ABS) and Styrene Acrylonitrile (SAN) production site in Map Ta Phut, Thailand, to Styrenix Performance Materials Limited. The transaction is anticipated to close in early 2025.
  • As per the acrylonitrile butadiene styrene (ABS) procurement report, in February 2024, India's Styrenix Performance Materials Limited (SPM) announced plans to expand its Acrylonitrile Butadiene Styrene (ABS) and Polystyrene (PS) production capacity at its Dakhj and Nandesari facilities in Gujarat. With an investment of INR 6.5 billion (USD 75 million), ABS capacity will increase from 85,000 tons/year to 210,000 tons/year, and PS capacity will grow from 66,000 tons/year to 150,000 tons/year by 2028.
  • In November 2023, INEOS Styrolution and its joint venture partner SINOPEC officially opened a world-scale Acrylonitrile Butadiene Styrene (ABS) facility in Ningbo, China. The plant, utilizing INEOS Styrolution's Terluran® ABS technology, has an annual production capacity of 600,000 tonnes, catering to the world’s largest ABS market.
  • According to procurement research, in April 2023, Trinseo announced the launch of its flagship MAGNUM™ ABS Resins, featuring 95% bio-attributed content. This sustainable ABS solution, initially introduced in late 2022, expands Trinseo's styrenics portfolio, which also includes bio formulations with 60% and 80% bio-attributed content.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The global acrylonitrile butadiene styrene (ABS) consumption stood at a value of USD 31.83 Billion in 2024.

The industry is projected to grow at a CAGR of 7.30% between 2025 and 2030.

The acrylonitrile butadiene styrene (ABS) procurement market is projected to grow to USD 48.58 Billion by 2030.

The acrylonitrile butadiene styrene (ABS) production is concentrated in Asia Pacific.

The global acrylonitrile butadiene styrene (ABS) market is expanding due to its versatility and increasing applications across various industries. Rising consumer demand for high-performance materials with durability and aesthetic appeal is a significant factor boosting its adoption.

By type, the market is divided into transparent ABS, opaque ABS and colored ABS.

The primary raw materials used in the production of acrylonitrile butadiene styrene (ABS) are acrylonitrile, butadiene, and styrene, which are derived from petrochemical processes.

Procurement best practices in the ABS industry include partnering with large-scale polymer manufacturers, conducting material performance tests, monitoring resin prices, exploring recycled polymer options, and implementing efficient delivery schedules.

The competitive landscape of the acrylonitrile butadiene styrene (ABS) industry consists of LG Chemicals Ltd., BASF SE, Saudi Basic Industries Corporation SJSC, China National Petroleum Corporation, Formosa Chemicals and Fibre Corporation, DuPont de Nemours, Inc., INEOS Styrolution Group GmbH, Covestro AG, Chimei Corporation, Toray Industries, Inc., Lotte Chemical Corporation, Kumho Petrochemical Co., Ltd., and Eni SpA., among others.

The market is broken down into North America, Latin America, EMEA, and APAC.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2024
Historical Period 2019-2024
Forecast Period 2025-2030
Growth Rate CAGR of 7.30 from 2025 to 2030
Regional Cost Structure Key Cost Indicators, Cost Breakdown by Component
Raw Material Market Outlook Raw Material Market Analysis, Mapping of Key Raw Material Suppliers, Availability of Raw Material by Region, Pricing Outlook of Key Raw Materials
Key Sourcing Strategies Vendor/Supplier Selection, Price and Contract Model Structure, Sourcing Model, Negotiation Strategy
Supplier Analysis Supplier Selection, Key Global Players, Key Regional Players, Supplier Profiles and SWOT Analysis, Innovation and Sustainability
Companies Covered LG Chemicals Ltd., BASF SE, Saudi Basic Industries Corporation SJSC, China National Petroleum Corporation, Formosa Chemicals and Fibre Corporation, DuPont de Nemours, Inc., INEOS Styrolution Group GmbH, Covestro AG, Chimei Corporation, Toray Industries, Inc., Lotte Chemical Corporation, Kumho Petrochemical Co., Ltd., and Eni SpA., among others.

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