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Medical Styrenic Polymer Market 2024 Key Vendors are Chi Mei Corporation, Kraton Polymers LLC, Americas Styrenics LLC, INEOS ABS (USA) Corporation, Chevron Phillips Chemical Company

08-24-2018 12:17 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Global Market Insights

Medical Styrenic Polymer Market

Medical Styrenic Polymer Market

Rapidly changing industry dynamics to adopt eco-friendly material across medical & healthcare industry is expected to generate promising gains for Medical Styrenic Polymer Market in the forecast span. Traditionally, polyvinylchloride (PVC) was widely applicable across medical industry to manufacture instruments & devices to store fluids, blood bags, dialysis solutions, connecting valves & tubes.

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Medical Styrenic Polymer Market is expected to surpass USD 4.5 billion; according to a new research report. PVC application in healthcare industry has been objected owing to dioxin release which is threatening as it can infect IV fluids and drift into the human body. Prevailing demand for styrenic polymers primarily SBS, ABS, etc. due to its plasticizer free nature which will cause no or less harm to human life and environment will drive the overall medical styrenic polymer market by 2024.

Shifting market forces from metallic instruments to polymer based devices due to plentiful desirable attributes offered by plastic is expected to make prominent influence on medical styrenic polymer market in the forecast span. Conventionally, metal, ceramic, glass, etc. were used across medical & healthcare industry to manufacture medical devices & equipment, packaging, etc.

However, technology advancements have accelerated the replacement pace of traditional material with plastics owing to incomparable advantages including design flexibility, light weight, easy disposability, better features and cost effectiveness which will help attain prominent medical styrenic polymer market in the forecast spell. Higher product prices compared to available substitutes in the market is credible to obstruct business by 2024.

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In terms of revenue, medical styrenic polymer market for MBS is forecast to rise close to CAGR close to 8% by 2024. Product possess outstanding features including high resistance, good lucidity and excellent stiffness which will help achieve prominent MBS market by 2024.

Medical styrenic polymer market for medical instruments comprised approximately 25% of the overall business in 2016. High product demand due to strict legislations formed against conventional polymer material, for instance PVC due to its hazardous implications on human health has led to rising demand for styrenic polymers across medical and healthcare industry. These trends are expected to make significant role to medical instruments segment by 2024.

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Medical styrenic polymer market for IV solution bags comprise approximately 10% of the overall industry share in 2016. Product is commonly utilized across medical & healthcare industry to hold life supporting fluids, liquid medicines, etc. for immediate healing effects.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Styrolution Group GmbH
2. BASF SE
3. Americas Styrenics LLC
4. Styron LLC (Trinseo S.A.)
5. Saudi Basic Industries Corporation
6. Chi Mei Corporation
7. Kraton Polymers LLC
8. INEOS ABS (USA) Corporation
9. Chevron Phillips Chemical Company LLC
10. Bayer MaterialScience AG
11. Nova Chemicals Corporation
12. LG Chem Ltd.
13. ELIX Polymers
14. Evonik Industries
15. Covestro AG

Asia Pacific medical styrenic polymer market is anticipated to grow by CAGR close to 8.5% in the forecast span. Rapidly growing medical & healthcare industry in the region along with persistent need to use non-toxic material for extensive applications across medical industry will help generate significant gains to medical styrenic polymer market during the forecast spell.

About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

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