This report provides exclusive insights into the COVID-19 impact on the MS Resin. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the MS Resin. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of MS Resin. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
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.
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. It is a cost-effective alternative to higher-priced clear
resins such as Acrylic PMMA. It offers several advantages including exceptional
optical properties, excellent transparency, low hygroscopicity, good weather
resistance, ease of processing and low residual stress for molded products.
The increasing demand for house
appliances industries stimulates the growth of the MS Resin (SMMA) market. The
surge in the use of MS resin 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. In addition, the growing adoption of
MS resin as an alternative for Acrylic is another factor driving the growth of
the market. Also, as compared to that of Acrylic, the proportion of MS Resin is
lower, and also inexpensive. On the other side, increasing competition from
substitutes and volatility in the prices of raw materials hamper the growth of
the MS Resin (SMMA) market. Moreover, research and development stimulate the
use of MS resin in several electronic applications such as in optical displays
are creating several opportunities for the growth of the MS Resin (SMMA)
Geographically, the global MS
Resin (SMMA) market is classified into North America, Asia-Pacific, Europe, and
the Rest of the World. Asia Pacific is anticipated to hold a premium share in
the global MS Resin (SMMA) market and is expected to continue its dominance
over the forecast period. The growing industrialization in Asian countries such
as China, India, and South Korea stimulates the growth of the MS Resin (SMMA)
market in the Asia-Pacific region. In addition, the expanding automotive
industry in the Asia-Pacific region contributes to the growth of the
Asia-Pacific MS Resin (SMMA) market.
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.
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.
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.