What is Global MABS Resin Market?
The Global MABS Resin Market is an expansive and dynamic sector that deals with the production, distribution, and consumption of MABS resin. MABS, an acronym for Methyl Methacrylate Acrylonitrile Butadiene Styrene, is a type of copolymer that combines the mechanical properties of ordinary ABS resin with superior impact toughness and transparency. This unique blend of characteristics makes MABS resin a highly sought-after material in various industries, including the appliance, 3C products, toys, and medical industries. The market's value stood at US$ 440 million in 2022, and it is projected to grow at a compound annual growth rate (CAGR) of 4.0% to reach US$ 580.9 million by 2029. The market is dominated by the top three manufacturers, who collectively hold over 75% of the market share.
General Purpose Grade, High Impact Grade, High Rigidity Grade, Other in the Global MABS Resin Market:
The Global MABS Resin Market is segmented into General Purpose Grade, High Impact Grade, High Rigidity Grade, and Other. The General Purpose Grade is the largest segment, accounting for over 40% of the market. This grade of MABS resin is versatile and can be used in a wide range of applications, making it the most popular choice among consumers. The High Impact Grade, on the other hand, is designed to withstand high levels of stress and impact, making it ideal for use in industries that require durable and resilient materials. The High Rigidity Grade is characterized by its high stiffness and strength, making it suitable for applications that require materials with superior structural integrity. The Other segment includes specialized grades of MABS resin that cater to specific industry needs.
Appliance Industrial, 3C Products, Toys, Medical Industrial, Other in the Global MABS Resin Market:
The Global MABS Resin Market finds its application in various sectors such as Appliance Industrial, 3C Products, Toys, Medical Industrial, and Other. In the Appliance Industrial sector, MABS resin is used in the manufacturing of various appliances due to its durability and impact resistance. The 3C Products sector, which includes computers, communications, and consumer electronics, utilizes MABS resin in the production of various components due to its excellent electrical properties. The Toys industry uses MABS resin in the production of toys due to its safety and durability. In the Medical Industrial sector, MABS resin is used in the production of medical devices due to its biocompatibility and resistance to sterilization processes. The Other sector includes various other industries that utilize MABS resin for its unique properties.
Global MABS Resin Market Outlook:
The Global MABS Resin Market is a thriving sector with a promising future. The market, valued at US$ 440 million in 2022, is expected to grow at a CAGR of 4.0% to reach US$ 580.9 million by 2029. This growth is driven by the increasing demand for MABS resin in various industries, including the appliance, 3C products, toys, and medical industries. The market is dominated by the top three manufacturers, who collectively hold over 75% of the market share. The largest segment of the market is the General Purpose Grade, which accounts for over 40% of the market. This grade of MABS resin is versatile and can be used in a wide range of applications, making it the most popular choice among consumers.
| Report Metric | Details |
| Report Name | MABS Resin Market |
| Accounted market size in 2022 | US$ 440 in million |
| Forecasted market size in 2029 | US$ 580.9 million |
| CAGR | 4.0% |
| Base Year | 2022 |
| Forecasted years | 2023 - 2029 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Toray, LG Chem, Chi Mei, LOTTE Advanced Materials, Styrolution, Techno-UMG, Denka, Formosa Chemicals & Fibre, NIPPON A&L |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
