Asia Pacific Extruded MS Polymer Market Size

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.

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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.