Methacrylate Butadiene Styrene Market

Methacrylate Butadiene Styrene (MBS) Demand to Soar on the Back of its Transparent and Impact Resistive Properties

MBS’s unique combination of properties such as transparency enhancement, impact resistivity and excellent mechanical properties, make it a material of choice as an impact modifier in PVC resins.

Driven by the rising demand for PVC, the global methacrylate butadiene styrene (MBS) market was valued at around US$ 850 Mn in 2018.

Building and construction sector dominated the MBS market in 2018 and will continue as a frontrunner over the forecast period with an incremental opportunity worth nearly US$ 321 Mn till 2029

Top 10 Companies Account For 3/4th of the Total Market Revenue

• The global methacrylate butadiene styrene market is oligopolistic in nature with Kaneka Corporation, Arkema, INEOS Styrolution Group GmbH, LG Chem., Mitsubishi Chemical Holdings Corp., Shandong Novista Chemicals Co., Ltd., and The Dow Chemical Company being the tier 1 players in the market.
• The MBS industry has witnessed a number of new product launches, which is seen to be the widely adopted growth strategy. For instance, in October 2019, INEOS Styrolution Group GmbH, launched range of styrenic solutions like Terluran® ECO GP-22 grades, Novodur® P4XF, NAS® XC and NAS XC® UV and Zylar 631. Zylar 631 is an impact modifier for a range of applications including medical trays, syringe valves, vacuum cleaner parts, cosmetic packaging, toys and a number of consumer products.
• Moreover, key stakeholders in the methacrylate butadiene styrene market are focusing on technological advancements, product innovation, and adoption of new types of blends to find a cost-effective solution with ideal enhancements.
• Market players are also entering into long-term partnerships with raw material suppliers, end-use industries, and going in for product launches in order to have a strong presence in the global methacrylate butadiene styrene market. These strategies will help them to meet the demand for MBS and to adapt to the dynamics in the methacrylate butadiene styrene market during the forecast period.

Asian Markets Continue to Flourish on the Back of Competitive Pricing

China is the world’s largest PVC producer and accounts for more than half of the global PVC production. The region also consumes close to 50 % of global Methacrylate Butadiene Styrene.

The average selling price for MBS is lesser in this region as compared to countries in Latin America and North America where demand is more and supply is sluggish.

Methacrylate Butadiene Styrene Market Receiving Tailwind with Healthcare and Automotive Applications

Currently, nearly 40% of disposable medical kits are made up of PVC. An upsurge in the demand for quality healthcare will contribute to the methacrylate butadiene styrene market’s growth.

Since, most of PVC based auto-components need to exhibit high impact resistance properties, the use of methacrylate butadiene styrene is evident in automotive.

Bio based polymers are urging the need for enhanced and compatible impact modifiers which would decrease the consumption of methacrylate butadiene styrene. For instance, companies like Arkema and Dow have invested in a new range of impact modifiers to meet the demand for impact modifiers compatible with biopolymers.

Asia Pacific Production to Outpace Developed Regions

• The global demand for MBS is forecast to be in line with that of the global GDP growth. Asia Pacific has led the global methacrylate butadiene styrene market owing to the regions humongous PVC production capacity.

The region is forecast to create an incremental opportunity of over US$ 120 Mn by the end of 2029. The growth is backed by the growing demand for PVC from a range of end use industries like building & constru.

• Furthermore, an ever expanding population base and soaring disposable incomes has led to a steady demand for PVC in the region. Emerging countries like China, India and a few ASEAN countries are set to propel the demand for methacrylate butadiene styrene.
• The automotive industry is now shifting toward low cost ASEAN countries. Indonesia, being the second largest manufacturer of automobiles in ASEAN will spur the consumption of methacrylate butadiene styrene over the forecast period. Malaysia and Singapore will showcase a positive scenario attributable to the presence of major manufacturers of medical tubing in the region.

Methacrylate Butadiene Styrene Market: Segmentation

Fact.MR has segmented the methacrylate butadiene styrene market on the basis of end use and region.

End Use	Building & Construction Profiles Wire and Cables Others Packaging Consumer Electronics Automotive Other (Medical, Gym & Fitness & etc.)
Region	North America Latin America Europe East Asia South Asia & Oceania MEA

Existing predictions of the methacrylate butadiene styrene market, encompassing current as well as forthcoming values estimates, analysis on region-wise demand trends, and price index have been assimilated in the report.Methacrylate Butadiene Styrene Market: Analysis on Market Size Evaluation