Methacrylate butadiene styrene (MBS) is modifying agent mainly used in production of thermoplastic products. Leading manufacturers prefer utilizing methacrylate butadiene styrene in the production of thermo softening plastic as it enhances the impact strength and the process ability of plastics. Due to constant research and development in the field of polymer science, there is a continuous rise in new applications of methacrylate butadiene styrene. Good chemical resistance of methacrylate butadiene styrene supports the production of transparent as well as opaque colored packing which has extraordinary intensity and high color depth impression. Properties like high optical clarity, excellent rigidity to toughness ratio, formidable flowability and accurate matching of the refractive indices helps the demand for multiphase methacrylate butadiene styrene increase in the injection molded parts. Demand for the methacrylate butadiene styrene is likely to remain concentrated in the healthcare and packing industry.
In addition, the methacrylate butadiene styrene is mainly used in the production of hard, semi hard PVC, and engineering plastics. Attributed to its chemical inertness, flexibility, unique bonding, and other physical properties, demand for the methacrylate butadiene and styrene is expected to remain high in the healthcare industry. Besides the above properties methacrylate butadiene styrene is aesthetic, light in weight, flexible, easy to dispose and cost effective material which makes it valuable across various industries due to this versatile nature.
Methacrylate Butadiene Styrene Market: Dynamics
Methacrylate Butadiene Styrene is a versatile polymer, which makes it of high value across the various industries. As the growth of plastic industry and the demand for its products is increasing in the modern technology, which in turn boosts methacrylate butadiene styrene market.
Besides the healthcare industry, demand for methacrylate butadiene styrene also remains concentrated in the construction industry. Constructors are utilizing methacrylate in the production of pipe fittings, window profile, and building sheets. Methacrylate butadiene styrene also finds application in electronics industry. Growing population and urbanization is leading to growth of construction industries which up rises the market of methacrylate butadiene styrene. Demand of methacrylate butadiene and styrene is continuously rising in electronic industry because of continuous research and development. Properties such as high flexibility, light weight and easily disposable nature has helped the medical field to shift their focus from PVC and PE polymers to methacrylate butadiene styrene. However, high cost of methacrylate butadiene and styrene as compared to the other polymers hinder growth of the global market over the forecast period.
Methacrylate Butadiene Styrene Market: Segmentation
The global methacrylate butadiene styrene market is segmented on the basis of its end use industries and its product types.
On the basis of end use industries, the global methacrylate butadiene styrene market is segmented as:
- PVC and Plastic
- Health care
Global methacrylate butadiene styrene market is segmented on the basis of its product types:
- Transparent sheets
- Window profiles
- Pipe fittings
- Mobile phone casing
- Medical equipment
- Others (Household appliances)
Methacrylate Butadiene Styrene Market: Regional Outlook
Robust growth of the plastic and PVC industries in the developing countries of Asia and in other countries of Latin America, SEA and other APAC countries. As methacrylate butadiene styrene find its key role in plastic and PVC industries these regions make prominent market for it. Methacrylate Butadiene Styrene is used in production of windows profile and piping material which is used in construction industry. As growing population and urbanization is leading to growth of construction industries in the countries like China, India and some Latin American countries which in turn up rises the market of methacrylate butadiene styrene in these countries. Developed regions like North America, Europe, MEA and country like Japan which have matured construction industry but due to growing technology and continuous competition this regions are focused on infrastructure development which make these region a strong market zone for methacrylate butadiene and styrene. Methacrylate Butadiene Styrene is used in production of medical equipment, which are mainly produced of PE and PVC. Rise in the production of medical equipment in the countries, such as China, India and in the regions such as, Europe and North America, make these regions potential market for methacrylate butadiene styrene.
Methacrylate Butadiene Styrene Market: Key Participants
Key participants identified in the global methacrylate butadiene styrene market include:
- LG Chem
- Styrolution Group GmbH
- Styron LLC
- Kraton Polymers LLC
- INEOS ABS (USA) Corporation
- Chi Mei Corporation
- America Styrenics
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