Asia Pacific Extruded MS Polymer Market Trends, Growth, Demand, Revenue, Size, Forecast and COVID-19 Impacts to 2022-2025

The APAC extruded MS polymer market is poised to gain immense popularity over the years, owing to major beneficial features of the product including high rigidity, superior clarity, weatherability, and relatively lower price points. Extruded MS polymers are used extensively in the construction sector, for the production of transparent sheets designed for interior partitions as well as for signages, due to their excellent optical clarity and surface hardness.

Engineering, construction, automotive, and various other commercial applications involve the use of polymers in some shape. The ubiquitous materials are integral manufacturing components of products ranging from food & beverage packaging, to medical devices, to vehicle components, among many others. Polymers are made from repeated bonded molecule chains, which can be either organic or inorganic in nature.

A major process associated with polymer manufacturing is extrusion. Extrusion technology facilitates the production of polymer-based sheets, films, pipes, rods, wire insulation coating, by feeding softened polymeric materials through dies with an opening. These extruded polymers demonstrate great potential in highly important industrial applications including construction and automotive production.

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Robust technological and functional benefits over other products will drive APAC extruded MS polymer market expansion

MS polymers, also known as SMMA or MS resins, demonstrate several advantages over conventional polymeric products and thermoplastics. These include low energy consumption, high clarity, & rigidity which varies according to the polymer grade, high resistance to thermal, mechanical & chemical influences, among others. Furthermore, persistent efforts towards refining and innovating new polymer formulations are contributing to growing interest in extruded MS polymers market from the APAC region.

MS polymers witness significant demand from applications that require strong tensile strength and elongation properties, given their ability to deliver longer-lasting bond durability, resistance to low-temperature conditions, modulus of elasticity, and high flexibility, as compared to other thermoplastic products.

Strong presence of PMMA in the construction application may hamper industry development

Polymethyl methacrylate (PMMA), a rigid and transparent polymer material, is a synthetic resin developed by polymerizing methyl methacrylate and is used extensively as a glass substitute in various construction applications including skylights and shatterproof windows. The material is used highly in the manufacturing of illuminated signs and signages, which is likely to present a significant challenge to APAC extruded MS polymer market expansion over the years.

However, persistent efforts by key players in the market towards innovations in polymer formulations, alongside the growing awareness regarding the superior features of extruded MS resins may enhance industry penetration in the construction sector.

Emerging use of SMMA in digital signage technologies will serve as a key trend fostering industry growth

Signage technology has undergone significant evolution over the past few decades, with producers adapting their activities to the changing technological trends. From conventional paper-based signages such as posters, banners, danglers, stickers to acrylic, and vinyl-based signboards to the more recent LED signages and resin & epoxy lettering, the journey of signage technology has even quite eventful. In keeping with the changing trends, the materials used to create signages have also evolved over the years.

In recent years, for example, SMMA, which is a copolymer that exhibits the combined benefits of both Methyl Methacrylate (MMA), such as weatherability & hardness, as well as the high rigidity and clarity of Styrene Monomer (SM). SMMS or MS resins are rapidly emerging as a more cost-effective alternative to conventional materials such as PMMA or acrylic, with more and more industry players turning to these materials to fulfill their signage production requirements.

For instance, in 2019 Denka Co., a Japan-based chemical producer doubled its MS resin production capacity in Singapore, in an effort to accommodate the steadily rising demand for LCD (liquid crystal display) televisions and monitor screens from the APAC region.

Rising innovations in production of biodegradable polymers will present lucrative prospects for APAC extruded MS polymer market growth

Burgeoning concerns for environmental wellbeing and the impact of non-biodegradable & synthetic polymeric materials use across the industrial spectrum have intensified the focus on creating more sustainable and renewable polymer solutions.

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Key players in the APAC extruded MS polymer market as well as other entities associated with polymer production are working on economical and ecologically-sound alternatives for existing polymer solutions, in order to establish a more sustainable growth trajectory for the industry over the years ahead. To that end, Indian firm UFlex has recently developed a new enzyme-based technology, dubbed the Flexzyme technology, for the production of a completely biodegradable polymer material.

The Flexzyme technology infuses polyesters or polyolefins with a complex mix of specific enzymes and peptides derived from plants, to create multilayer plastics. The process breaks down molecular PE chains and facilitates the biodegradation of polymeric materials into environmentally sound components such as biomass, water, and carbon.

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