MS Resin (SMMA) Market (Type - Food Grade, Ordinary Grade, and Optical Grade; Application - Electronics, Automobile, Construction, Medical Care, and Other Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : December, 2019

  • Rep Id : CM00809

  • Category : Chemicals & Materials

  • Status : Published

A recent report published by Infinium Global Research on MS Resin (SMMA) market provides in-depth analysis of segments and sub-segments in the global as well as regional MS Resin (SMMA) market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional MS Resin (SMMA) market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global MS Resin (SMMA) market. According to the report, the global MS Resin (SMMA) market is projected to grow at a CAGR of 4.1% over the forecast period of 2019-2025.

 

Market Insight

MS resin is a transparent copolymer composed of styrene monomer and methyl methacrylate. MS resin is substituting standard plastics and conventional thermoplastic elastomers in automotive applications. Companies operating in the global MS Resin (SMMA) market are adopting strategies such as mergers, acquisitions, and new product launches that expand their market share.

 

The growing adoption of MS resin as an alternative for Acrylic contributes to the increased consumption of MS resin propelling market growth. The increasing demand for house appliances industries stimulates the growth of the MS Resin (SMMA) market. The surge in the use of MS rein in the food and beverage industry promotes the growth of the MS Resin (SMMA) market. MS resin-based food containers have properties such as resistance to humidity, heat, and gas. It offers durability, high tensile strength, and chemical resistance. Furthermore, MS resin has a wide range of applications in the automotive industry including care and heavy vehicle windows, windshields, light accessories, sunroofs, and interior and exterior triMS. The expansion of the transport and automotive industries boosts the growth of the MS Resin (SMMA) market. On the other side, increasing competition from substitutes and raw material volatility hamper the growth of the MS Resin (SMMA) market. Moreover, research and development stimulate the use of MS resin in various applications creating several opportunities for the growth of the MS Resin (SMMA) market.

 

Based on geography, the global MS Resin (SMMA) market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. North America is anticipated to have a premium share in the global MS Resin (SMMA) market. The growing MS resin industrialization in the USA stimulates the growth of the MS Resin (SMMA) market in North America. Asia-Pacific region is expected to grow in the MS Resin (SMMA) market with a healthy CAGR over the forecast period. The increasing automotive industry in the Asia-Pacific region contributes to the growth of the MS Resin (SMMA) market in the Asia-Pacific region. Europe is showing growth in the global MS Resin (SMMA) market. 

 

Segment Covered

The report on global MS Resin (SMMA) market covers segments such as type and application. On the basis of type, the sub-markets include food grade, ordinary grade, and optical grade. On the basis of application, the sub-markets include electronics, automobile, construction, medical care, and other applications.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Chi Mei Corporation, Nippon Steel & Sumikin Chemical Co., Ltd., Denka Company Ltd., Resirene S.A. de C.V., Deltech Polymers Corporation, A. Schulman Inc., Scott Bader Co., Ltd., Supreme Petrochem Ltd., Anhui Sinograce Chemical Co., Ltd., and other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the MS Resin (SMMA) market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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