According to Report Ocean, the global market for Methyl methacrylatebutadienestyrene (MBS, MMBS) is projected to reach a value of USD 791.54 million by the end of 2026, with a compound annual growth rate (CAGR) of 3.87% during the forecast period from 2020 to 2026. The growth of this market is primarily driven by the increasing demand for MBS in the building and construction as well as the packaging industry.
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Impact modifiers are essential additives used in compounded materials to enhance the durability and toughness of plastic resins. These modifiers not only improve impact performance but also offer enhancements in various other material properties, including optical and tensile characteristics, weatherability, processability, flammability, heat distortion, and cost. The market for impact modifiers has witnessed the utilization of ABS (Acrylonitrile Butadiene Styrene) and MBS (Methacrylatebutadienestyrene), which are considered the oldest impact modifiers in the plastic industry.
The report also includes an analysis of key stakeholders in the MBS impact modifier market. Some of the prominent players profiled in the report are:
- Arkema S.A.
- Denka Company Limited
- Dow Chemical Company
- INEOS Styrolution
- Jiangdu Sanyang Mould and Melt Co., Ltd.
- Jiangxi Yuefeng Group Polymer Co., Ltd.
- Kaneka Corporation
- LG Chem Ltd.
- Mitsubishi Chemical Corporation
- PAU TAI INDUSTRIAL CORPORATION
- Shandong Donglin New Materials Co., Ltd.
- Shandong Novista Chemicals Co., Ltd.
- Shandong Rike Chemical Co., Ltd.
- Shandong Ruifeng Chemical Co., Ltd.
- Shandong Shuntianli Plastic Co., Ltd.
- Shandong Wanda Chemical Co., Ltd.
The MBS impact modifier market is segmented based on applications and regions. In terms of applications, the market is categorized into Building & Construction, Packaging, Appliance & Electronics, Consumer Goods, and Medical. Geographically, the market is analyzed across North America, Europe, Asia-Pacific, South America, and the Middle East and Africa (MEA).
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By Application:
- Building & Construction
- Packaging
- Appliance & Electronics
- Consumer Goods
- Medical
By Region:
- North America (U.S., Canada, Mexico, etc.)
- Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.)
- Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, etc.)
- South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, etc.)
The study considers the base year as 2019 and provides forecasts up to 2026. The objectives of this research report are as follows:
- To analyze and forecast the market size of the global MBS impact modifier market.
- To classify and forecast the global MBS impact modifier market based on application and region.
- To identify the drivers and challenges for the global MBS impact modifier market.
- To examine competitive developments such as mergers & acquisitions, agreements, collaborations, and partnerships in the global MBS impact modifier market.
- To conduct a pricing analysis for the global MBS impact modifier market.
- To identify and analyze the profiles of leading players operating in the global MBS impact modifier market.
This report is valuable for industry stakeholders, such as manufacturers, partners, end-users, and investors, as it provides answers to critical questions and aids in strategic decision-making, capitalizing on market opportunities, and understanding market trends. The key target audience includes:
- Manufacturers of MBS impact modifier
- Raw material suppliers
- Market research and consulting firms
- Government bodies, including regulating authorities and policymakers
- Organizations, forums, and alliances related to MBS impact modifier.
PESTEL Analysis
Political Factors
- Political factors assess the potential impact of government policies and stability on an organization or a specific industry.
- This includes examining political policies, trade regulations, fiscal policies, and taxation policies.
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Economic Factors
- Economic factors directly influence the economy and its performance, which in turn affect the organization’s profitability.
- These factors encompass interest rates, employment and unemployment rates, raw material costs, and foreign exchange rates.
Social Factors
- Social factors focus on the social environment and identify emerging trends.
- Understanding consumer needs and wants within a social context is crucial for marketers.
- Factors in this category include changing family demographics, education levels, cultural trends, attitude changes, and shifts in lifestyles.
Technological Factors
- Technological factors consider the pace of technological innovation and development that can impact a market or industry.
- This involves changes in digital or mobile technology, automation, research and development.
- It’s important to not only focus on digital advancements but also new methods of distribution, manufacturing, and logistics.
Environmental Factors
- Environmental factors relate to the surrounding environment and the ecological impact.
- As Corporate Sustainability Responsibility (CSR) and sustainability gain importance, organizations need to consider these factors in their business operations.
- This includes climate, recycling practices, carbon footprint, waste disposal, and sustainability efforts.
Legal Factors
- Legal factors require organizations to understand the legal requirements and restrictions in the territories they operate in.
- It is crucial to stay updated on changes in legislation and how they may impact business operations.
- Factors include employment legislation, consumer laws, health and safety regulations, international regulations, and trade restrictions.
SWOT analysis:
Strengths:
- These are the internal positive attributes and resources that give an advantage over others. It could be expertise, unique skills, valuable assets, strong brand reputation, or a dedicated team.
Weaknesses:
- These are internal factors that put the entity at a disadvantage compared to others. Weaknesses might include inadequate resources, lack of expertise in certain areas, or inefficient processes.
Opportunities:
- These are external factors that could be favorable to the entity. Opportunities might arise from market trends, technological advancements, changes in regulations, or new partnerships.
Threats:
- These are external factors that could harm the entity’s performance or stability. Threats might – come from competitors, economic downturns, changing consumer preferences, or disruptive technologies.
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