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Medical Styrenic Polymer Market Future Challenges and Industry Growth Outlook by 2019-2024

Author : Rahul Varpe | Published Date : 2019-07-12 

The research report on Global Medical Styrenic Polymer Market provides the up-to-date market trends, the present market scenario, and the market forecast during 2019-2024. The complete analysis of market on the global scale provides key details in form of graphs, statistics and tables which will help the market players in making key business decisions.

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.

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.

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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.

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 polystyrene is estimated to rise at a CAGR over 7% in the forecast timespan. Excellent product characteristics including transparency, color variations, etc. will help drive the overall industry share in the forecast spell.

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

  • Styrolution Group GmbH
  • BASF SE
  • Americas Styrenics LLC
  • Styron LLC (Trinseo S.A.)
  • Saudi Basic Industries Corporation
  • Chi Mei Corporation
  • Kraton Polymers LLC
  • INEOS ABS (USA) Corporation
  • Chevron Phillips Chemical Company LLC
  • Bayer MaterialScience AG
  • Nova Chemicals Corporation
  • LG Chem Ltd.
  • ELIX Polymers
  • Evonik Industries
  • Covestro AG

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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.

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.

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.

The global medical styrenic polymer market was highly competitive in 2016. Key prominent players are Americas Styrenics, Craton Polymers, Styron, INEOS ABS, Styrolution, SABIC and Chevron.

Read more - https://www.marketwatch.com/press-release/medical-styrenic-polymer-market-regional-trend-2019-growth-projections-to-2024-2019-06-10

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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