Acrylonitrile Butadiene Styrene Price Trend

Acrylonitrile Butadiene Styrene Prices December 2023

The price of acrylonitrile butadiene styrene in Japan for Q4 2023 reached 1261 USD/MT in December. The market in the country witnessed maximum change, with a decline of 4.9% during November 2023, influenced by weak regional market transactions and increased levels of produced stocks. The market demand remained low during the fourth quarter of 2023, with a minimal need-based demand in the downstream automotive industry. In addition, plant shutdowns in the country further impacted the market sentiments.

The price trend for acrylonitrile butadiene styrene market in Germany reached 1614 USD/MT in Q4 of 2023. The country observed the maximum changes in the pricing trend, with a bearish market situation and high to moderate supply levels. The acrylonitrile butadiene styrene prices in Germany saw a decline of 43% from the previous quarter, with a price percentage comparison of -7% between the first and second half of the quarter.

Acrylonitrile Butadiene Styrene Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Acrylonitrile Butadiene Styrene Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of acrylonitrile butadiene styrene pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot price of acrylonitrile butadiene styrene at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of acrylonitrile butadiene styrene price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing acrylonitrile butadiene styrene price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Acrylonitrile Butadiene Styrene Market Analysis

The global acrylonitrile butadiene styrene market size reached US$ 30.2 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 50.5 Billion, at a projected CAGR of 5.90% during 2023-2032.

• The rising demand for acrylonitrile butadiene styrene due to the burgeoning automotive sector is impelling the market growth. Acrylonitrile butadiene styrene is commonly employed for automotive parts, such as dashboard components, seat backs, seat belt components, handles, door loners, pillar trim, and instrument panels. It is used as a replacement for metal in vehicles due to its durable and lightweight properties. The increasing adoption of vehicles due to changing lifestyles of individuals is supporting the market growth. As per the Association of European Automobile Manufacturers (ACEA), 85.4 million motor vehicles were produced across the globe in 2022, indicating an increase of 5.7% as compared to 2021.
• The acrylonitrile butadiene styrene demand is further propelled by its employment in the electronics industry. Acrylonitrile butadiene styrene is used to manufacture enclosures for various electronic components, such as power supplies, circuit boards, and control panels. It is also beneficial for manufacturing casings and housings for electronic devices, such as gaming consoles, computer peripherals, televisions, and household appliances. It has high electrical resistivity and low thermal coefficient value, making it an essential low-cost electronic substrate material. The rising demand for electronic devices is catalyzing the demand for acrylonitrile butadiene styrene. For instance, the production of electronic goods in India was US$ 80 Billion in 2021-2022 as reported by the Press Information Bureau (PIB).
• The escalating demand for acrylonitrile butadiene styrene-based pipes and fittings, as they are easier to install and do not rot, rust, or corrode, is offering a positive market outlook. These pipes also withstand earth loads and shipping and are resistant to mechanical damage, even at lower temperatures.
• Apart from this, the acrylonitrile butadiene styrene is becoming popular in three-dimensional (3D) printing, a process that creates 3D objects by layering materials on top of each other. Acrylonitrile butadiene styrene is a common material for 3D printing on account of its strong and durable properties.

Acrylonitrile Butadiene Styrene News

The report covers the latest developments, updates, and trends impacting the global acrylonitrile butadiene styrene market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in acrylonitrile butadiene styrene production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the acrylonitrile butadiene styrene price trend.

Latest developments in the acrylonitrile butadiene styrene industry:

• In 12 August 2022, LG Chem invested 500 billion won to modernize equipment and expand facility at acrylonitrile butadiene styrene plastic at its Yeosu plant. The company aimed to establish an acrylonitrile butadiene styrene production line with 220,000-ton capacity while phasing out of older 140,000-ton capacity lines.
• In 31 January 2022, INEOS Styrolution announced the start of acrylonitrile butadiene styrene production in Wingles, France. This move makes Wingles the company’s third acrylonitrile butadiene styrene production site in Europe together with Antwerp, Belgium and Cologne, Germany.

Product Description

Acrylonitrile butadiene styrene is an impact-resistant engineering thermoplastic. It can be easily injection-molded, blow-molded, or extruded in a variety of shapes and sizes. It can withstand higher temperatures without deforming or melting. It has a higher melting point as compared to polyvinyl chloride (PVC). It is also resistant to chemical and ultraviolet (UV) light degradation.

Acrylonitrile butadiene styrene provides enhanced dimensional stability and has a low melting point. It assists in offering high rigidity and resistance to impact, abrasion, and strain.

Apart from this, acrylonitrile butadiene styrene is widely used to manufacture numerous medical devices, such as syringes, inhalers, laboratory equipment, and drug delivery devices. Its biocompatibility, sterilizability, and ease of processing, makes it a preferred choice for medical applications.

Regional Coverage

The report provides a detailed analysis of the acrylonitrile butadiene styrene market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the acrylonitrile butadiene styrene price trend.

Global Acrylonitrile Butadiene Styrene Price

The report offers a holistic view of the global acrylonitrile butadiene styrene pricing trends in the form of acrylonitrile butadiene styrene price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of acrylonitrile butadiene styrene but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.

The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed acrylonitrile butadiene styrene demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.

Europe Acrylonitrile Butadiene Styrene Price

The European region experienced a bearish price trend due to slow movement of downstream automotive industry and ample availability of inventories. Secondly, the elevated inventory levels resulted in narrow profit margins for acrylonitrile butadiene styrene producers, encouraging sellers to temporarily lower profit margins and adjust prices owing to uncertainty in the downstream market conditions. In addition, the destocking sentiments among market players weighed on the price momentum of the product.

This analysis can be extended to include detailed acrylonitrile butadiene styrene price information for a comprehensive list of countries.

North America Acrylonitrile Butadiene Styrene Price

The analysis of acrylonitrile butadiene styrene prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific acrylonitrile butadiene styrene historical data within the United States and Canada can also be provided.

Middle East and Africa Acrylonitrile Butadiene Styrene Price

The report explores the acrylonitrile butadiene styrene pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on acrylonitrile butadiene styrene prices for countries can also be provided.

Asia Pacific Acrylonitrile Butadiene Styrene Price

The pricing acrylonitrile butadiene styrene in the Asia Pacific region showcased a bearish trend during the quarter of 2023, influenced by moderate to high supply and weak demand fundamentals. The market witnessed muted inquiries in the regional market on account of the destocking strategy adopted by market players in December 2023. The acrylonitrile butadiene styrene prices in Japan recorded the maximum change, with a decline of 4.9% during November 2023.

This acrylonitrile butadiene styrene price analysis can be expanded to include a comprehensive list of countries within the region.

Latin America Acrylonitrile Butadiene Styrene Price

The analysis of acrylonitrile butadiene styrene prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Report Coverage

Key Benefits for Stakeholders:

• IMARC’s report presents a detailed analysis of acrylonitrile butadiene styrene pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
• The study examines factors affecting acrylonitrile butadiene styrene price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
• The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
• IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The acrylonitrile butadiene styrene price charts ensure our clients remain at the forefront of the industry.