Press release
2020 Global Medical Plastics Market Analysis by Top Manufacturers, Industry Regions, Sales Market Share and Growth Rate Forecasts 2024
The Medical Plastics Market size is projected to grow from US$ 22.8 Billion in 2019 to US$ 31.7 Billion by 2024, at a CAGR of 6.8% during the forecast period. This report spread across 167 Pages, Profiling 10 Companies and Supported with 100 Tables and 39 figures is now available in this research.
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Major Vendors Profiled in the Medical Plastics Market:
o SABIC (Saudi Arabia)
o BASF (Germany)
o Celanese (US)
o Evonik (Germany)
o Solvay (Belgium)
o Covestro (Germany)
"The medical instruments & tools segment is estimated to be the largest application of medical plastics during the forecast period."
The medical instruments & tools segment accounts for the largest market share, in terms of value, in the medical plastics market. Suitability and biocompatibility of medical plastics for the manufacturing of various medical devices, such as surgical and procedural instruments, diagnostic instruments, and dental tools, are driving the demand. Plastic materials are being increasingly used in the manufacturing of these equipment owing to their properties, such as toughness, rigidity, easy workability, and availability.
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"The engineering plastics segment is expected to be the fastest-growing type of medical plastics during the forecast period."
The engineering plastics segment is projected to lead the market during the forecast period. These plastics are used in diagnostic instruments, drug delivery systems, orthopedic devices, and dental tools. Engineering plastics provide many advantages over standard plastics, such as good malleability, faster production time, low weight, resistance to high impact, flame, shock, and chemical, and better friction reduction.
Competitive Landscape of Medical Plastics Market:
1 Overview
2 Competitive Leadership Mapping, 2018
2.1 Visionary Leaders
2.2 Innovators
2.3 Dynamic Differentiators
2.4 Emerging Companies
3 Competitive Benchmarking
3.1 Strength of Product Portfolio
3.2 Business Strategy Excellence
4 Market Ranking of Key Players
4.1 SABIC
4.2 BASF
4.3 Celanese Corporation
4.4 Evonik
4.5 Solvay
5 Competitive Situation & Trends
5.1 New Product Launch
5.2 Investment & Expansion
5.3 Agreement & Collaboration
5.4 Merger & Acquisition
5.5 Joint Venture
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Research Coverage:
The objective of this study is to define, describe, and forecast the medical plastics market based on various segmentations and strategically analyze these market segments with respect to individual growth trends, growth prospects, and contribution to the overall growth. In this report, the medical plastics market has been segmented based on application, type, and region.
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