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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.
Market Analysis and Insights: Global MABS Market
Due to the COVID-19 pandemic, the global MABS market size is estimated to be worth US$ 460.9 million in 2022 and is forecast to a readjusted size of US$ 583.1 million by 2028 with a CAGR of 4.0% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, General Purpose Grade accounting for % of the MABS global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Appliance Industry segment is altered to an % CAGR throughout this forecast period.
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.
Global MABS Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global MABS Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
General Purpose Grade
High Impact Grade
High Rigidity Grade
Other
Segment by Application
Appliance Industry
3C Products
Toys
Medical Industry
Other
By Company
Toray
LG Chem
Chi Mei
LOTTE Advanced Materials
Styrolution
Techno-UMG
Denka
Formosa Chemicals & Fibre
NIPPON A&L
Production by Region
North America
Europe
Southeast Asia
Japan
China
China Taiwan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Market Analysis and Insights: Global MABS Market
Due to the COVID-19 pandemic, the global MABS market size is estimated to be worth US$ 460.9 million in 2022 and is forecast to a readjusted size of US$ 583.1 million by 2028 with a CAGR of 4.0% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, General Purpose Grade accounting for % of the MABS global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Appliance Industry segment is altered to an % CAGR throughout this forecast period.
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.
Global MABS Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global MABS Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
General Purpose Grade
High Impact Grade
High Rigidity Grade
Other
Segment by Application
Appliance Industry
3C Products
Toys
Medical Industry
Other
By Company
Toray
LG Chem
Chi Mei
LOTTE Advanced Materials
Styrolution
Techno-UMG
Denka
Formosa Chemicals & Fibre
NIPPON A&L
Production by Region
North America
Europe
Southeast Asia
Japan
China
China Taiwan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
