United States ABS Composite Resin Market was valued at USD 2.8 Billion in 2022 and is projected to reach USD 4.0 Billion by 2030, growing at a CAGR of 5.9% from 2024 to 2030.
The US ABS Composite Resin market is witnessing significant growth, driven by its diverse applications in various industries. ABS (Acrylonitrile Butadiene Styrene) composite resins are renowned for their strength, durability, and versatility, making them a prime choice in automotive, construction, and electronics industries. The demand for high-performance materials has surged as companies look for cost-effective solutions without compromising on quality. This article will explore the market dynamics, the type of ABS composite resins in demand, and their requirement from different industries.
The ABS Composite Resin market in the United States has been categorized based on various types, such as general-purpose, high-impact, and heat-resistant resins. Each type serves a specific need, tailored to the requirements of the industry using them. General-purpose resins are primarily used in consumer goods manufacturing due to their excellent processing capabilities and balance between cost and performance. High-impact ABS resins are preferred in automotive applications, offering superior durability under extreme conditions. Heat-resistant resins are gaining traction in electronics and electrical applications, where high thermal stability is a critical factor.
Industries across the board are increasingly relying on ABS composite resins due to their lightweight nature, enhanced mechanical properties, and ease of manufacturing. The automotive industry is a major consumer, using these resins to produce car parts, including bumpers, dashboards, and trim. The construction sector benefits from ABS’s ability to withstand harsh weather conditions, making it ideal for pipes, fittings, and building materials. Furthermore, the demand from the electronics industry is on the rise as ABS resins are used in the production of enclosures, connectors, and other components requiring high electrical insulation.
One of the factors contributing to the increasing demand for ABS composite resins is the push towards sustainability and environmental consciousness. Manufacturers are now incorporating recycled materials and exploring bio-based ABS resins to meet eco-friendly requirements. This shift is driven by the growing preference for sustainable products among consumers and regulatory policies aimed at reducing carbon footprints.
The US ABS Composite Resin market is expected to continue its upward trajectory as industries recognize the advantages of using these resins. As applications expand and new innovations emerge, the market will likely see a shift in resin types and further diversification to cater to specific industrial needs.
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CHIMEI
Styrolution
LG Chemical
Trinseo
SABIC
Samsung SDI Chemical
Toray
Formosa
JSR
KKPC
UMG ABS
CNPC (Jilin)
Dagu Chemical
Gaoqiao
Huajin Chemical
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US ABS Composite Resin Market
General Purpose ABS Resin
High-Impact ABS Resin
Flame Retardant ABS Resin
Transparent ABS Resin
Specialty ABS Resin
Automotive
Electrical & Electronics
Consumer Goods
Construction
Industrial
Automotive Industry
Electronics & Electrical Industry
Consumer Appliances Industry
Packaging Industry
Healthcare Industry
Injection Molding
Extrusion
Blow Molding
3D Printing
Thermoforming
Injection Grade ABS Resin
Extrusion Grade ABS Resin
Blown Film Grade ABS Resin
High-Performance Grade ABS Resin
General Purpose Grade ABS Resin
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US ABS Composite Resin Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US ABS Composite Resin Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US ABS Composite Resin Market, By Type
6. US ABS Composite Resin Market, By Application
7. US ABS Composite Resin Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US ABS Composite Resin Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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