US ABS Resin Market to Grow Modestly Through 2027

Cleveland OH, November 29, 2023 — Demand for acrylonitrile-butadiene-styrene (ABS) resins in the US is forecast to grow 1.0% per year in volume terms through 2027, according to ABS Resins: United States, a report recently released by Freedonia Focus Reports. Suppliers will benefit from growth in US motor vehicle production, including gains in output of electric vehicles, where the higher performance characteristics of ABS resins versus many basic plastic resins prove valuable. Producers of ABS resins are also expected to benefit from advances in construction and manufacturing activity, which will boost demand for building and industrial products.

In 2023, demand for ABS resins is projected to advance 2.5%, maintaining the pace of recovery from 2021-2022 in the wake of losses incurred from 2019-2020 period. Motor vehicle production is forecast to rise 5.1% in 2023, while shipments of electrical equipment and appliances are projected to grow 3.2% in real terms.

These and other key insights are featured in ABS Resins: United States. Total demand is segmented by market in terms of:

• electrical and electronic

• motor vehicles

• consumer and medical

• building products

• industrial and other markets such as packaging, furniture, and transportation equipment (except motor vehicles)

To illustrate historical trends, total demand, the various segments, and trade are provided in annual series from 2012 to 2022.

Demand includes only ABS resin content; fillers, additives, and reinforcements are excluded. The terms ABS and ABS resins are used interchangeably throughout this report. Demand figures include both captive and external consumption.

Re-exports of ABS resins are excluded from demand and trade figures.

More information about the report is available at:
https://www.freedoniagroup.com/freedonia-focus/abs-resins-united-states

About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Plastics & Other Polymers reports can be purchased at The Freedonia Group or MarketResearch.com.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:

• total historical market size and industry output

• segmentation by products and markets

• identification of market drivers, constraints, and key indicators

• segment-by-segment outlook in five-year forecasts

• a survey of the supply base

• suggested resources for further study