What is MABS - Global Market?
MABS, or Methyl Methacrylate-Butadiene-Styrene, is a type of transparent thermoplastic that is globally recognized for its unique properties. It is a copolymer that combines the best features of Polymethyl Methacrylate (PMMA), Acrylonitrile Butadiene Styrene (ABS), and Styrene Acrylonitrile (SAN). The MABS market is a global entity that encompasses the production, distribution, and consumption of this versatile material across various industries worldwide. The market is driven by the demand for MABS in various applications due to its superior characteristics such as high transparency, good impact resistance, and excellent processability. The MABS market is not confined to a specific region or country but is spread across the globe, with key players operating in different parts of the world.
General Purpose Grade, High Impact Grade, High Rigidity Grade, Other in the MABS - Global Market:
The MABS - Global Market is segmented into General Purpose Grade, High Impact Grade, High Rigidity Grade, and Others. The General Purpose Grade MABS is widely used due to its balanced properties of strength, toughness, and transparency. It is commonly used in applications that require a combination of rigidity and toughness. The High Impact Grade MABS, on the other hand, is known for its exceptional impact resistance. It is typically used in applications that require high durability and resistance to physical impacts. The High Rigidity Grade MABS is characterized by its high stiffness and is used in applications that require superior rigidity. The Other segment includes specialized grades of MABS that are designed for specific applications or industries. Each of these grades has its own set of properties that make it suitable for certain applications, thereby contributing to the diversity and versatility of the MABS market.
Appliance Industry, 3C Products, Toys, Medical Industry, Other in the MABS - Global Market:
MABS is extensively used in various industries such as the Appliance Industry, 3C Products, Toys, Medical Industry, and Others. In the Appliance Industry, MABS is used in the manufacturing of various components due to its excellent heat resistance and durability. In the 3C Products industry, which includes computers, communications, and consumer electronics, MABS is used due to its high electrical insulation properties. The Toy industry also utilizes MABS for its high impact resistance and safety. The Medical Industry uses MABS in the production of medical devices due to its biocompatibility and sterilizability. The Other segment includes various other industries that utilize MABS for its unique properties.
MABS - Global Market Outlook:
The MABS - Global Market has shown significant growth over the years. In 2022, the market was valued at US$ 441.7 million. This value is expected to increase to US$ 583.1 million by 2029, indicating a Compound Annual Growth Rate (CAGR) of 4.0% during the forecast period from 2023 to 2029. This growth can be attributed to the increasing demand for MABS in various industries due to its superior properties. The market is dominated by Toray, a leading manufacturer of MABS, which held a 30% share of the production market in 2019. This dominance is a testament to the company's strong presence in the market and its ability to meet the growing demand for MABS.
| Report Metric | Details |
| Report Name | MABS - Market |
| Forecasted market size in 2029 | US$ 583.1 million |
| CAGR | 4.0% |
| Forecasted years | 2023 - 2029 |
| Global MABS market, by region: |
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| Global MABS market, Segment by Type: |
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| Global MABS market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
