The North America Acrylonitrile Butadiene Styrene Market is projected to witness market growth of 5.8% CAGR during the forecast period (2024-2031). In the year 2020, the North America market's volume surged to 1,327.6 kilo tonnes, showcasing a growth of 22.0% (2020-2023).
In the Acrylonitrile Butadiene Styrene (ABS) market, High Impact grade refers to a specialized form of ABS resin engineered to withstand significant mechanical stress and impact without fracturing or breaking. This grade of ABS is distinguished by its superior toughness and durability, making it ideal for applications where impact resistance is crucial. Thus, the US market consumed 616.1 kilo tonnes of high impact grade chemical in 2023.
The US market dominated the North America Acrylonitrile Butadiene Styrene Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $8.84 billion by 2031. The Canada market is experiencing a CAGR of 8.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.8% during (2024 - 2031).
The acrylonitrile butadiene styrene market refers to the market for ABS plastic, which is a thermoplastic polymer made by polymerizing styrene and acrylonitrile in the presence of polybutadiene. ABS is known for its excellent mechanical properties, impact resistance, and dimensional stability, making it suitable for a wide range of applications across various industries.
ABS finds extensive use in numerous applications across several industries owing to its favorable combination of properties. For example, ABS is widely used in the automotive sector for manufacturing interior and exterior components, such as dashboard panels, door trims, bumper fascias, and grilles. Its excellent impact resistance, durability, and ability to be easily molded into complex shapes make it well-suited for automotive applications.
As construction activities increase in Canada, there is a higher demand for building materials, including ABS-based products such as pipes, fittings, profiles, and insulation materials. According to Statistics Canada, building construction investment rose 1.7% to $19.8 billion in November 2023. The residential sector grew 2.2% to $13.7 billion, while non-residential sector investment increased 0.4% to $6.0 billion. Likewise, as automotive production increases in Mexico, there is a higher demand for ABS-based components and parts used in vehicle manufacturing. According to the International Trade Administration (ITA), Mexico is the world’s seventh-largest passenger vehicle manufacturer, producing 3.5 million vehicles annually. Eighty-eight percent of vehicles produced in Mexico are exported. Mexico is the world’s fifth-largest manufacturer of heavy-duty vehicles for cargo, hosting 14 manufacturers and assemblers of buses, trucks, and tractor trucks, as well as two manufacturers of engines. Hence, the market is growing due to the region’s strong vehicle manufacturing and the rise of construction activities.
In the Acrylonitrile Butadiene Styrene (ABS) market, High Impact grade refers to a specialized form of ABS resin engineered to withstand significant mechanical stress and impact without fracturing or breaking. This grade of ABS is distinguished by its superior toughness and durability, making it ideal for applications where impact resistance is crucial. Thus, the US market consumed 616.1 kilo tonnes of high impact grade chemical in 2023.
The US market dominated the North America Acrylonitrile Butadiene Styrene Market by Country in 2023, and is forecast to continue being a dominant market till 2031; thereby, achieving a market value of $8.84 billion by 2031. The Canada market is experiencing a CAGR of 8.1% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 7.8% during (2024 - 2031).
The acrylonitrile butadiene styrene market refers to the market for ABS plastic, which is a thermoplastic polymer made by polymerizing styrene and acrylonitrile in the presence of polybutadiene. ABS is known for its excellent mechanical properties, impact resistance, and dimensional stability, making it suitable for a wide range of applications across various industries.
ABS finds extensive use in numerous applications across several industries owing to its favorable combination of properties. For example, ABS is widely used in the automotive sector for manufacturing interior and exterior components, such as dashboard panels, door trims, bumper fascias, and grilles. Its excellent impact resistance, durability, and ability to be easily molded into complex shapes make it well-suited for automotive applications.
As construction activities increase in Canada, there is a higher demand for building materials, including ABS-based products such as pipes, fittings, profiles, and insulation materials. According to Statistics Canada, building construction investment rose 1.7% to $19.8 billion in November 2023. The residential sector grew 2.2% to $13.7 billion, while non-residential sector investment increased 0.4% to $6.0 billion. Likewise, as automotive production increases in Mexico, there is a higher demand for ABS-based components and parts used in vehicle manufacturing. According to the International Trade Administration (ITA), Mexico is the world’s seventh-largest passenger vehicle manufacturer, producing 3.5 million vehicles annually. Eighty-eight percent of vehicles produced in Mexico are exported. Mexico is the world’s fifth-largest manufacturer of heavy-duty vehicles for cargo, hosting 14 manufacturers and assemblers of buses, trucks, and tractor trucks, as well as two manufacturers of engines. Hence, the market is growing due to the region’s strong vehicle manufacturing and the rise of construction activities.
List of Key Companies Profiled
- SABIC (Saudi Arabian Oil Company)
- BASF SE
- Formosa Plastics Group
- DuPont de Nemours, Inc.
- Kumho P&B Chemicals., Inc (Kumho Petrochemical Group)
- CHIMEI Corporation
- Trinseo PLC
- PetroChina Company Limited (China National Petroleum Corporation)
- Asahi Kasei Corporation
- INEOS Styrolution Group GmbH
Market Report Segmentation
By Type (Volume, Kilo Tonnes, USD Billion, 2020-2031)- Opaque
- Transparent
- Colored
- Emulsion Polymerization
- Continuous Polymerization
- Mass Polymerization
- Others
- High Impact
- Heat Resistant
- Electroplatable
- Flame Retardant
- Blended ABS
- Injection Molding
- Extrusion
- Thermoforming
- Blow Molding
- 3D Printing
- Appliances
- Automotive
- Electrical & Electronics
- Consumer Goods
- Construction
- Others
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market at a Glance
Chapter 3. Market Overview
Chapter 4. North America Acrylonitrile Butadiene Styrene Market by Type
Chapter 5. North America Acrylonitrile Butadiene Styrene Market by Manufacturing Process
Chapter 6. North America Acrylonitrile Butadiene Styrene Market by Grade
Chapter 7. North America Acrylonitrile Butadiene Styrene Market by Technology
Chapter 8. North America Acrylonitrile Butadiene Styrene Market by Application
Chapter 9. North America Acrylonitrile Butadiene Styrene Market by Country
Chapter 10. Company Profiles
Companies Mentioned
- SABIC (Saudi Arabian Oil Company)
- BASF SE
- Formosa Plastics Group
- DuPont de Nemours, Inc.
- Kumho P&B Chemicals., Inc (Kumho Petrochemical Group)
- CHIMEI Corporation
- Trinseo PLC
- PetroChina Company Limited (China National Petroleum Corporation)
- Asahi Kasei Corporation
- INEOS Styrolution Group GmbH
Methodology
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