Global MABS Market Growth 2023-2029

Global MABS Market Growth 2023-2029

Product Code:450730

Published Date: Feb 08,2023

Pages: 97

Region: Global

Category: Chemical & Material

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MABS is a copolymer of methyl methacrylate, acrylonitrile, butadiene, styrene, and it has ordinary ABS resin’s mechanical properties, but higher impact toughness and transparency than ABS.

LPI (LP Information)' newest research report, the “MABS Industry Forecast” looks at past sales and reviews total world MABS sales in 2022, providing a comprehensive analysis by region and market sector of projected MABS sales for 2023 through 2029. With MABS sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world MABS industry.

This Insight Report provides a comprehensive analysis of the global MABS landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on MABS portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global MABS market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for MABS and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global MABS.

The global MABS market size is projected to grow from US$ 432.1 million in 2022 to US$ 574.4 million in 2029; it is expected to grow at a CAGR of 574.4 from 2023 to 2029.

Currently, global production of MABS resin is concentrated as there are only a few manufacturers engaged in the industry. The product belongs to the family of ABS resin, but owns much higher added-value than common ABS resin. The largest manufacturer is Toray, who owns 30% production market share in 2019. Toray is also expanding their MABS capacity and the new additional capacity will be released in 2021 at its Malaysia plant.

Korea, Japan, Malaysia and China Taiwan are the major production regions. The four regions supply more than 95% MABS globally.

MABS cannot compete with the impact resistance of impact grades of ABS nor the heat resistance of high heat grades of ABS, however MABS can outperform polystyrene, SAN and PMMA for impact resistance and has similar heat distortion temperatures. Thus, MABS resin is widely used in the appliance industry, 3C industry, toys industry and so on. Among various applications, demand from appliance industry is the largest one. In 2019, 90730 MT MABS resin went into the appliance industry.

This report presents a comprehensive overview, market shares, and growth opportunities of MABS market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    General Purpose Grade
    High Impact Grade
    High Rigidity Grade
    Other

Segmentation by application
    Appliance Industry
    3C Products
    Toys
    Medical Industry
    Other

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Toray
    LG Chem
    Chi Mei
    LOTTE Advanced Materials
    Styrolution
    Techno-UMG
    Denka
    Formosa Chemicals & Fibre
    NIPPON A&L

Key Questions Addressed in this Report
What is the 10-year outlook for the global MABS market?
What factors are driving MABS market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do MABS market opportunities vary by end market size?
How does MABS break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?