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(IT-NEWSWIRE.COM, September 05, 2018 ) This report covers the present scenario (with the base year being 2017) and the growth prospects of global MS Resin (SMMA) market for 2018-2023.
MS Resin, also known as SMMA, is a transparent copolymer primarily composed of methyl methacrylate (MMA) and styrene monomer (SM). It has excellent transparency, optical property, good weather-resistivity, easy to process, low hygroscopicity, low residual stress for molded products, and therefore economical for many applications.
Currently, the key factors driving the growth of the aforementioned industry are optical materials, toys, house appliance such as food container, lamp shade, and other industries. As the demand increases rapidly for house appliance industries, and the wider range of applications, the demand for MS Resin will correspondingly increase.
In the past few years, the raw material price was relatively stable. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of MS Resin. The downstream industry has higher requirement for MS Resin, and the environment protection pressure make the companied spend more cost on process technology. Therefore, to some extent, the MS Resin companies face the risk of profit decline.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. The competition in MS Resin market will become more intense.
Japan, Greater China Taiwan, Singapore and USA have achieved MS Resin industrialization and applied in many fields. And there products are exported to other countries worldwide. However, there are no MS Resin manufacturers in China mainland market. All of MS Resin used in China mainland is imported, especially from China Taiwan and Japan.
Over the next five years, this report projects that MS Resin (SMMA) will register a 4.0% CAGR in terms of revenue, reach US$ 460 million by 2023, from US$ 360 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of MS Resin (SMMA) market by product type, application, key manufacturers and key regions.
To calculate the market size, this report considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Ordinary Grade
Food Grade
Optical Grade
Segmentation by application:
Automobile
Electronics
Construction
Optics
Toys and Leisure
Medical Care
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Denka (JP)
Chi Mei (TW)
Nippon Steel & Sumikin (JP)
INEOS Styrolution (DE)
A. Schulman (Network Polymers) (US)
LG MMA (KR)
Resirene (MX)
Deltech Polymers (US)
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global MS Resin (SMMA) consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of MS Resin (SMMA) market by identifying its various subsegments.
Focuses on the key global MS Resin (SMMA) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the MS Resin (SMMA) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of MS Resin (SMMA) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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NxtGen Reports
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Phone: +918551022388
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NxtGen Reports
Madhuri Vetal
+918551022388
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Source: EmailWire.Com 
Source: EmailWire.com
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