Asia Pacific Extruded MS Polymer Market for Construction Applications Size By End-Use (Signage, Interior Partition), Industry Outlook Report, Country Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 - 2025
Asia Pacific extruded MS polymer market for construction applications is expected to exceed USD 56 million by 2025.
Some major findings of the Asia Pacific extruded market MS polymer market for construction applications report include:
- Functional and technological advantages of MS polymer over its substitutes will support market advancement.
- Availability of MS polymer in different grades will support its applicability across varying segments.
- Key regional players are investing in new formulation processes to enhance the product application scope across the construction sector.
- Enhancement of entire value chain from raw material to end users will proliferate entire industry landscape.
- Increasing construction activities in China, India, Japan, Malaysia and Singapore will fuel market growth.
- Advent of new technologies in digital signage segment coupled with rising advertising spending across the region will promulgate growth prospects.
- China to remain most attractive demand hub for extruded MS polymer due to growing number of extruding facilities in the country.
MS Polymers are gaining popularity owing to key factors such as low cost, excellent clarity, rigidity, and weatherability for signage and interior partition application. Extruded grade of the polymer is being extensively used by extruders involved in producing transparent partition sheets for interior partition due to good surface hardness and outstanding optical clarity exhibited by the polymer.
The market for extruded polymer for signage and interior partition application in Asia Pacific is dominated by PMMA resin. However, ongoing refinement of formulations by key players along with cost benefits and superior mechanical, thermal, and chemical properties exhibited by the product will enhance its application scope for construction sector. Also, expanding distribution network coupled with improved product availability across the region will further fuel Asia Pacific extruded MS polymer market.
Interior partition application acquired significant share in overall Asia Pacific extruded MS polymer market. Home décor trends has facilitated room dividers sales as it enhances visual appeal of living rooms or dining areas. The availability of extruded sheets of MS polymer in wide variety of textures and colors meets the aesthetic requirements of interior designers and decorators.
Booming construction sector across China, Malaysia, Indonesia, Japan, and India, coupled with the incorporation of new building techniques will be pivotal factors for business expansion across the region. Increased foreign investment in domestic construction market owing to rising government initiatives towards better infrastructure development is expected to play a key role in the product demand.
Japan is anticipated to gain traction in Asia Pacific extruded MS polymer market due to significant growth of automotive, electronics & construction sector. Production of plastic products in Japan until July 2019 for deformed extruded products amounted to 16,939 tons while production of plastic material for buildings until July 2019 valued about 158,015 tons. Growing research & development activities to enhance polymer properties and make it suitable for industrial & commercial purpose is likely to have a positive impact on the product demand.
Asia Pacific extruded MS polymer market participants compete on the basis of price, quality, and distribution. The increasing use of biodegradable polymers to reduce the impact of carbon footprint will influence the market trends. Major industry players are seeking out ecological and economic alternatives to their existing solutions, which will facilitate growth prospects in the coming years. Also, incorporation of novel techniques such as systematic innovation management to manage the efficiency of the existing resources and integrated innovation processes to develop new products & processes will further support the market growth over the forecast period.