Asia Pacific Extruded MS Polymer Market for Construction Applications Size By End-Use (Signage, Interior Partition), Industry Outlook Report, Country Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025

Asia Pacific Extruded MS Polymer Market Size

Asia Pacific Extruded MS Polymer Market for Construction Applications size exceeded USD 36 million, in 2018 and is estimated to grow at over 6.5% CAGR between 2019 and 2025.
 

MS polymer or styrene methyl methacrylate (SMMA) is a blend of styrene monomer and methyl methacrylate, which is majorly used in diverse industrial applications. This styrene copolymer exhibits functional attributes of both the raw materials. Easy processing, low density, and low moisture absorption properties of an MS resin contribute to good surface hardness and outstanding clarity.
 

MS resin is a cost-effective alternative to Polymethyl methacrylate (PMMA), suitable for applications requiring excellent rigidity and clarity. Attributes exhibited by the resin such as improved weatherability and excellent hardness is expected to enhance the product scope. Signage and interior partition will be major applications fueling manufacturers sales. Improved transparency & clarity will drive the product demand from extruders involved in the production of transparent partition sheets for the construction sector.
 

Low energy consumption property of the polymer compared with other thermoplastics, such as polycarbonates, will further provide a positive business outlook for the industry participants. The polymer is available in different grades classified according to their level of rigidity and clarity, thereby varying for each application. Superior mechanical, thermal, and chemical resistance exhibited by the product coupled with the ongoing refinement of formulations and product innovations will foster new avenues for market advancement.
 

The value chain for extruded grade MS polymer consists of manufacturers, distributors, and polymer compounding firms or polymer processors. Considerable growth can be attributed to expanding distribution network accompanied by improved product availability. Strong outlook for the regional construction, automotive, and electronics sector will generate new growth opportunities for the manufacturers.
 

Majority of the demand in Asia Pacific is satisfied with by regional manufacturers. Key aspects such as improved supply, reduced production cost for end-use industries of the polymer, and increasing count of extruders will provide a strong business outlook for MS resin manufacturers.
 

Asia Pacific Extruded MS Polymer Market Analysis

Interior partition exhibits a significant share in the overall market due to improved adoption of MS polymer by wall partition manufacturers for increasing their profit margins. Further, growing consumer demand for modern interiors and the increasing number of remodeling projects & construction activities will provide potential growth prospects. The growing popularity of room dividers will provide a positive business outlook as it segments a big room and facilitates independently organized areas.
 

Continuous government support via numerous revised regulations & policies along with the rapid development of the infrastructure will enhance the interior partition application scope in the market. In addition, technological advancements coupled with improved efficiency of the production process will further provide a strong business outlook to the overall regional market.
 

The extruded MS sheets owing to enhanced clarity meet the aesthetic standards due to which their demand for interior partition application is increasing. Partition sheets derived from SMMA polymer can offer customers customized partition walls in different colors and textures. The high efficiency in creating a division with superior visual appeal than its counterparts will further enhance the scope of SMMA polymer across the interior partition applications.
 

Excellent flow injection molding properties, improved demand for illuminated signs, and need for cost-effective solutions in the signage industry has surged the production demand. Factors such as advent of new technologies including electronic paper display and OLED in the display industry will fuel MS polymer demand. The growth in public infrastructure, new commercial buildings, and transport networks, are creating new avenues for Asia Pacific extruded ms polymer market development.
 

Enhanced usage of commercial advertising boards in the region owing to increased focus on product branding will generate a demand for an extruded grade of SMMA for signage application. In 2018, China’s advertising spending was around USD 87 billion. Further, the digital signage for outdoor advertising is expected to register strong growth owing to positive outlook for hospitality and other commercial industries. Indoor applications are also expected to generate a demand for polymer sheets for installations in areas such as restaurants, pubs, multiplexes, retail outlets, and quick-service restaurants.
 

China dominated the Asia Pacific extruded MS polymer market size for construction application in 2018 and is projected to grow at fastest pace from 2019 to 2025. Large production capacity owing to presence of key manufacturers accompanied by growth of key end-use industries such as the construction & infrastructure segment contributed to the high market share. China is among the leading construction market in the world.
 

China’s GDP growth was 6.9% in 2018, where consumer goods and industrial goods are the major drivers of the economy. The country is a global manufacturing and distribution hub for industrial and consumer products. Key drivers including lower labor rates, lower environmental protection costs, lower manufacturing overheads, increasing adoption of automation, low land rents, and export tax rebates will boost the industry landscape. Further, superior export potential with established distribution network will positively influence the growth in MS resin production capacity.
 

Asia Pacific Extruded MS Polymer Market Share

Some of the major companies operating in the Asia Pacific extruded MS polymer market share are

• LG Chem
• Denka Company Limited
• Supreme Petrochem Ltd
• INEOS Styrolution Group GmbH
• Chi Mei Corporation
• Deltech Polymers Corporation

Key industry participants operating in the market are adopting strategies such as production capacity expansion, mergers, acquisitions, supply chain agreements, and strategic collaborations, to supplement their expansion of portfolio for targeting a widespread customer base. For instance, In 2018, the INEOS Styrolution Group GmbH expanded its production capacity for styrenic polymers in India. The company is focusing on expanding its production capacity to acquire a greater share in the market.
 

The Asia Pacific extruded MS polymer for construction application market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in tons and revenue in USD million from 2014 to 2025, for the following segments:

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APAC Extruded MS Polymer Market for Construction By End Use

• Signage
• Interior partition
• Others (Furniture & Stationary)

The above information has been provided for the following countries:

• China
• India
• Japan
• South Korea
• Taiwan
• Indonesia
• Thailand
• Singapore
• Malaysia
• Vietnam