The MS Polymers Market is projected to grow from USD 1.4 Billion in 2021 to USD 1.9 Billion by 2026, at a CAGR of 6.1% between 2021 and 2026. APAC is estimated to be the largest consumer of MS Polymers. The global MS Polymers market is driven by the growing demand for hybrid resins in manufacturing adhesives & sealants and the unavailability of new polymeric materials.
APAC is expected to be the largest and fastest-growing market for MS Polymers. The growth of the market in the region is mainly attributed to high economic growth and heavy investments across end-use industries, such as building and construction and industrial assembly. APAC is increasingly becoming an important global trade and commerce center. Wacker (Germany), Evonik (Germany), and other international players are expanding their existing Polymers production units in this region because of the low cost of production and ability to serve the emerging local market.
The Building & Construction application is expected to lead the overall MS Polymers market in terms of value, between 2021 and 2026. MS Polymers are gaining importance in the construction industry, as they are used in bonding and sealing gaps, renovation, and maintenance & repair of residential & commercial buildings as well as civil engineering applications.
Kaneka (Japan), Wacker (Germany), AGC Chemicals (Japan), Momentive (US) and Evonik Industries AG (Germany) are the key players in the global MS Polymers market. These market players are expected to undertake various growth strategies, such as investment & expansion, collaborations and agreements, and new product launch to expand their overall businesses and tap the opportunities in the fast-growing economies. Major players are focusing on strengthening their R&D facilities to provide cost-effective products and investment in emerging markets. These products are manufactured adhering to regulations implemented by governments. All such developments are expected to lead to the sustainable growth of the MS Polymers market players over the next five years.
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