Press release
The Medical Styrenic Polymer Market Composites growth outlook with industry review and forecasts
Medical Styrenic Polymer Market size is expected to surpass USD 4.5 billion by 2024. Pressing need to substitute plastics including PVC in the medical industry owing to its hazardous environmental implications will drive medical styrenic polymers market size by 2024. PVC is extensively utilized in the healthcare industry to create devices for storing IV solutions, blood/medicine containers, tubes and connectors owing to brilliant clarity and ability to withstand broad range of temperature conditions.Global Market Insights has a new study based report titled " Medical Styrenic Polymer Market Size By Product (Polystyrene, Acrylonitrile Butadiene Styrene [ABS], Styrene Acrylonitrile [SAN], Methyl-Methacrylate Butadiene Styrene [MBS], Methyl-Methacrylate Acrylonitrile Butadiene Styrene [MABS], Styrene Methyl–Methacrylate [SMMA], Styrene Butadiene Styrene [SBS], Styrene Ethylene Butylene Styrene [SEBS]), By Application (Medical Packaging, Medical Containers, Medical Instruments, IV Solution Bags, Medical Fabrics), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024".
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However, significant amount of toxic component released from PVC which may contaminate IV fluids and migrate into human body has led to formulation of strict regulations to gradually replace these products with styrene plastic which is eco-friendly and plasticizer free making it desirable across medical & healthcare industry.
The Medical Styrenic Polymer Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Medical Styrenic Polymer Market Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2016 - 2024
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2015
3.11. PESTEL analysis
3.14. Regional price trends
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4. Medical Styrenic Polymer Market Product Insights
Polystyrene has attained the highest share and accounted for over 50% of the total medical styrenic polymer market size in 2016. This is attributed to its versatile properties including transparency and availability in a range of colors along with its application in fairly rigid and economic plastic which in turn will drive polystyrene market size in the near future.
ABS are likely to grow at a CAGR of over 8% during the forecast period. This is credited to the excellent product properties including high quality finish & gloss, easily colored, resistant to heat & chemical, easily moldable, etc. which in turn will help attain higher gains for ABS medical styrenic polymer market size by 2024.
5. Medical Styrenic Polymer Market Application Insights
Medical packaging application is likely to grow at a healthy CAGR during the forecast period. This is primarily due to wide ranging applications including packaging of syringes, drugs, instruments, etc. to ensure safe use and to avoid communicable disease agents in the aforementioned materials in medical application. In addition, stringent government regulations imposed to maintain health & hygiene across medical industry will drive medical packaging segment which in turn will propel medical styrenic polymers market size by 2024.
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6. Medical Styrenic Polymer Market Regional Insights
North America attained the highest industry share which accounted for almost 40% of the total medical styrenic polymer market size in 2016. The trend is likely to continue primarily due to high per capita spending on healthcare sector
Asia Pacific is forecast to exhibit promising gains over the forecast timespan. The regional growth will be chiefly attributed to increasing geriatric population and constantly improving healthcare standards due to increasing consumer spending power in the region
7. Competitor Profiles
Key medical styrenic polymer market share contributors are Styrolution Group GmbH, Styron LLC (Trinseo S.A.), Chi Mei Corporation, Kraton Polymers LLC, Americas Styrenics LLC, INEOS ABS (USA) Corporation, Saudi Basic Industries Corporation and Chevron Phillips Chemical Company LLC. Additionally, the global medical styrenic polymer market share was consolidated in 2016 as top six players in the business accounted for over 45% of the business share in the same year.
About Global Market Insights, Inc.:
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.
Contact us:
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: www.gminsights.com/
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