Future Analysis For Asia Pacific Extruded MS Polymer Market for Construction Applications Forecast By 2019 – 2025

APAC extruded MS polymer market for construction applications is set to reach USD 56 million by 2025. Driven by an upsurge in constructional activities across Asia Pacific, the market is projected to witness massive growth. Typical construction applications of the product includes usage in the production of transparent partition sheets for interior decorations. Also, extruded MS polymer is used in digital signage technology. Growing popularity of digital signage in Asia Pacific region coupled with rising regional expenditure on advertising is likely to foster market growth over the coming years. 

Extruded grade of MS polymers is gaining traction in the construction industry owing to various desirable properties of the product, such as excellent clarity, weatherability, and rigidity. In addition, they exhibit good surface hardness and outstanding optical clarity, which make them well suited for the production of transparent partition sheets for interiors. Moreover, low price index of the product and availability in a wide range of colors and textures make them highly preferable in interior decoration applications. 

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Market share from interior partition applications account for an advantageous share of the global Asia Pacific extruded MS polymer for construction industry revenue. Contemporary home decor trends pervading in the region favor the usage of room dividers for enhancing the aesthetic appeal of living spaces, which is generating massive demand for extruded MS polymers. 

Besides interior partition, extruded MS polymers are utilized for a plethora of other applications owing to their superior chemical, thermal, and mechanical properties. Also, with constant upgradation of the product, new application avenues are opening up for the construction industry. A consolidating trend that has been observed over the past few years is the progressive use of biodegradable polymers by industry players. Given the escalating level of concern regarding environmental degradation, industry players are introducing ecological alternatives to reduce the environmental footprint of these products. 

Asia Pacific extruded MS polymer market is characterized by fierce competition, where each player is endeavoring to gain an edge over the other. This cutthroat competition has resulted in the development of novel techniques, as well as new product launches, which is likely to propel Asia Pacific extruded MS polymer industry growth further. 

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Rising construction spending is a common theme across various countries of Asia Pacific, including Indonesia, Japan, India, Malaysia, and Singapore, which is translating into increased demand for extruded MS polymer. Additionally, surging foreign investment in domestic construction market along with rigorous infrastructure developmental activities in the region is generating massive extruded MS polymer market demand. Expanding distribution network has also resulted in increased product availability across the region, which is further boosting Asia Pacific extruded MS polymer market outlook. 

Speaking of country-wise contribution, China is likely to remain the most lucrative revenue pocket for APAC extruded MS polymer for construction applications on account of growing number of extruding facilities in the country. Going along similar lines as of China, Japan is slated to emerge as a key growth ground for extruded MS polymer business. Burgeoning demand from key end use industries, especially construction is fostering industry expansion. 

Furthermore, ongoing aggressive R&D activities by industry players in the country towards the enhancement of polymeric properties to make them suitable for a wider range of industrial & commercial applications is fueling market growth. 

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Other end use industries, including plastic, electronics, and automotive are also inducing considerable demand within Japan extruded MS polymer market. The plastic industry has a noteworthy contribution in this regard. As per estimates, plastic production in Japan for deformed extruded products until July 2019 amounted to 16,939 tons, while plastic production for building materials until July 2019 amounted to around 158,015 tons.

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