Pune, India -- (SBWire) -- 05/20/2020 --Infinium Global Research has recently published a global report on "MS Resin (SMMA) Market (Type - Food Grade, Ordinary Grade, and Optical Grade; Application - Electronics, Automobile, Construction, Medical Care, and Other Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025." 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.
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Growing Demand for House Appliances Industries
The growing demand for house appliances industries drives the growth of the MS resin market. The rising adoption of MS resin as an alternative for Acrylic contributes to the increased consumption of MS resin stimulating the market growth. Increasing the use of MS rein in the food and beverage industry boosts the growth of the MS resin market. MS resin-based food containers have properties such as resistance to humidity, heat, and gas. It provides durability, high tensile strength, and chemical resistance.
Research and Development Promote the Use of MS Resin in Various Applications
In addition, 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 growth of the transport and automotive industries propels the growth of the MS resin market. On the flip side, rising competition from substitutes and raw material volatility hinder the growth of the MS resin market. Moreover, research and development promote the use of MS resin in various applications creating novel opportunities for the growth of the MS resin market.
"We are Now Including the Impact Analysis of the COVID-19 on this Premium Report and the Forecast Period of this Report Shall be Revised to 2020-2026. The Section on the Impact of COVID-19 on MS Resin (SMMA) Market is Included in the Report for Free."
North America is Expected to Have a Premium Share
Geographically, the global MS resin market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. North America is expected to have a premium share in the global MS resin market. The rising MS resin industrialization in the USA contributes to the growth of the MS resin market in North America.
Asia-Pacific region is anticipated to grow in the MS resin market with a healthy CAGR over the forecast period. The growing automotive industry in the Asia-Pacific region stimulates the growth of the MS resin market in the Asia-Pacific region. Europe is growing in the global MS resin market.
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"We Have Decided to Extend Our Support to the Industry on Account of Corona Outbreak by Offering Flat Discount 30% on All Our Studies and Evaluation of the Market Dynamics in MS Resin (SMMA) Amidst COVID-19."
MS Resin (SMMA) Market Coverage
Chapter - 1 Preface
=> Report Description
=> Research Methods
=> Research Approaches
Chapter - 2 Executive Summary
=> MS Resin (SMMA) Market Highlights
=> MS Resin (SMMA) Market Projection
=> MS Resin (SMMA) Market Regional Highlights
Chapter - 3 Global MS Resin (SMMA) Market Overview
=> Introduction
=> Market Dynamics
=> Porter's Five Forces Analysis
=> IGR-Growth Matrix Analysis
=> Value Chain Analysis of MS Resin (SMMA) Market
Chapter - 4 MS Resin (SMMA) Market Macro Indicator Analysis
Chapter - 5 Global MS Resin (SMMA) Market by Type
=> Food Grade
=> Ordinary Grade
=> Optical Grade
Chapter - 6 Global MS Resin (SMMA) Market by Application
=> Electronics
=> Automobile
=> Construction
=> Medical Care
=> Other Applications
Chapter - 7 Global MS Resin (SMMA) Market by Region 2019-2025
=> North America
=> Europe
=> Asia-Pacific
Chapter - 8 Company Profiles and Competitive Landscape
=> 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.
=> Other Companies
Chapter - 9 Appendix
=> Primary Research Findings and Questionnaire
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