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According to our LPI (LP Information) latest study, the global MABS market size was valued at US$ 432.1 million in 2023. With growing demand in downstream market, the MABS is forecast to a readjusted size of US$ 574.4 million by 2030 with a CAGR of 4.1% during review period.
The research report highlights the growth potential of the global MABS market. MABS are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of MABS. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the MABS market.
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.
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.
Key Features:
The report on MABS market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the MABS market. It may include historical data, market Segmentation by Type (e.g., General Purpose Grade, High Impact Grade), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the MABS market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the MABS market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the MABS industry. This include advancements in MABS technology, MABS new entrants, MABS new investment, and other innovations that are shaping the future of MABS.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the MABS market. It includes factors influencing customer ' purchasing decisions, preferences for MABS product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the MABS market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting MABS market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the MABS market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the MABS industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the MABS market.
Market Segmentation:
MABS market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
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?