ABS is a terpolymer made by polymerizing styrene and acrylonitrile in the presence of polybutadiene. The proportions can vary from 15% to 35% acrylonitrile, 5% to 30% butadiene and 40% to 60% styrene. The result is a long chain of polybutadiene crisscrossed with shorter chains of poly(styrene-co-acrylonitrile). The nitrile groups from neighboring chains, being polar, attract each other and bind the chains together, making ABS stronger than pure polystyrene. The acrylonitrile also contributes chemical resistance, fatigue resistance, hardness, and rigidity, while increasing the heat deflection temperature. The styrene gives the plastic a shiny, impervious surface, as well as hardness, rigidity, and improved processing ease. The polybutadiene, a rubbery substance, provides toughness and ductility at low temperatures, at the cost of heat resistance and rigidity. For the majority of applications, ABS can be used between −20 and 80 °C (−4 and 176 °F), as its mechanical properties vary with temperature. The properties are created by rubber toughening, where fine particles of elastomer are distributed throughout the rigid matrix.

ABS polymers are resistant to aqueous acids, alkalis, concentrated hydrochloric and phosphoric acids and animal, vegetable and mineral oils, but they are swollen by glacial acetic acid, carbon tetrachloride and aromatic hydrocarbons and are attacked by concentrated sulfuric and nitric acids. They are soluble in esters, ketones (such as acetone), chloroform, and ethylene dichloride. They also offer poor resistance to chlorinated solvents, alcohols and aldehydes.