Asia Pacific Acrylonitrile Butadiene Styrene Market Size, Share, and COVID-19 Impact Analysis, By Type (Coloured, Opaque, and Transparent), By Application (Consumer Goods, Automotive, Electrical and Electronics, Construction and Others), and Asia Pacific Acrylonitrile Butadiene Styrene Market Insights, Industry Trends, Forecast to 2035

Asia Pacific Acrylonitrile Butadiene Styrene Market Insights Forecasts to 2035

• The Asia Pacific Acrylonitrile Butadiene Styrene Market Size Was Estimated at USD 8.15 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of Around 6.27% from 2025 to 2035
• The Asia Pacific Acrylonitrile Butadiene Styrene Market Size is Expected to Reach USD 15.91 Billion by 2035

According to a research report published by Spherical Insights & Consulting, The Asia Pacific Acrylonitrile Butadiene Styrene Market Size Is Anticipated To Reach USD 15.91 Billion By 2035, Growing At A CAGR Of 6.27% From 2025 To 2035. The market is driven by the rising demand for lightweight, durable materials in automotive manufacturing, and the increased use of electronic devices has contributed to the consistent growth of this market.

Market Overview

The ABS market exists in the Asia Pacific region because the region's automotive, electrical and electronics, industrial, and consumer products sectors create high demand. Acrylonitrile Butadiene Styrene (ABS) functions as a rigid thermoplastic polymer that exhibits multiple characteristics, including flexible movement, resistance to heat, and attractive visual appearance. China serves as the top importer since it receives over 2500 thousand tons of exported goods, which have an average value of 2 per kilogram.

In April 2024 Trinseo, which develops specialty material solutions introduced its new flame-retardant resins which were created without using PFAS and halogen materials. Supreme Petrochem Ltd (SPL) of India plans to start operations at its first phase of a 70,000 tonne per year acrylonitrile butadiene styrene (ABS) facility which is located in Nagothane during the period from April to June 2025.

Nirmala Sitharaman, who indeed announced the Electronics Components Manufacturing Scheme budget to be increased to Rs 40,000 crore in February 2026. The Asia Pacific recycled ABS market will experience substantial growth because companies such as Trinseo and LG Chem introduce resins that contain 60% chemically recycled materials to comply with emerging environmental regulations.

Report Coverage

This research report categorises the Asia Pacific acrylonitrile butadiene styrene market based on various segments and regions, and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Asia Pacific acrylonitrile butadiene styrene market. Recent market developments and competitive strategies, such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Asia Pacific acrylonitrile butadiene styrene market.

Driving Factors

The acrylonitrile butadiene styrene market in Asia Pacific is driven by China, which has a large electronics and automobile manufacturing industries while India develops its infrastructure. The market expansion is driven by increasing consumer spending power and the fast growth of urban areas. The ABS market expansion comes from two factors which include the rising population and the growing ability of people to spend money. The development of 3D printing and injection molding technologies enables companies to create prototypes rapidly and produce complex parts at low cost, which expands their ability to create different products.

Restraining Factors

The acrylonitrile butadiene styrene market in the Asia Pacific is restrained by the production of ABS which requires monomers that come from crude oil and natural gas. The changing global oil prices, combined with the sudden drop in styrene prices during 2024 and 2025, created major pricing problems for manufacturers who depended on imported materials in regions such as India.

Market Segmentation

The Asia Pacific acrylonitrile butadiene styrene market share is categorised into type and application.

• The opaque segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. 

The Asia Pacific acrylonitrile butadiene styrene market is segmented by type into coloured, opaque, and transparent. Among these, the opaque segment accounted for the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. The largest segment of the market generated a revenue share of 42.79% for Opaque in 2024. The various industries that use Opaque ABS take advantage of its ability to serve automotive interiors, electronic housings and consumer goods. The trend towards using opaque ABS materials for their strength and ability to be molded into different shapes shows how important this material is for meeting industrial requirements and market demands.

• The automotive segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period.  

Based on application, the Asia Pacific acrylonitrile butadiene styrene market is segmented into consumer goods, automotive, electrical and electronics, construction and others. Among these, the automotive segment dominated the market in 2024 and is projected to grow at a substantial CAGR during the forecast period. The segmental growth is driven by the aviation industry, which now prioritizes lightweight materials because they increase fuel efficiency while decreasing greenhouse gas emissions. The regional demand for ABS automotive parts has increased because the electric vehicle market in China continues to expand.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Asia Pacific acrylonitrile butadiene styrene market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies                                                                                                                                      

• Kumho Petrochemical
• CHIMEI
• Formosa Plastics Group
• SABIC
• LG Chem Ltd.
• Chi Mei Corporation
• Formosa Chemicals & Fibre Corporation
• Kumho Petrochemical
• Trinseo PLC
• Toray Industries Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the Asia Pacific, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the Asia Pacific acrylonitrile butadiene styrene market based on the below-mentioned segments:

Asia Pacific Acrylonitrile Butadiene Styrene Market, By Type

• Coloured
• Opaque
• Transparent

Asia Pacific Acrylonitrile Butadiene Styrene Market, By Application

• Consumer Goods
• Automotive
• Electrical and Electronics
• Construction
• Others