Asia Pacific Extruded MS Polymer Market Analysis

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.