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. 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.
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.