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Global Medical Styrenic Polymer Market to hit USD 4.5 billion, North America to emerge as a prominent growth avenue by 2024

Author : Rahul Varpe | Published Date : 2019-03-22 

North America medical styrenic polymer market covered 40% of the overall share in 2016 and will collect considerable revenue by 2024, owing to the rise in spending on healthcare and medical sector. North America has witnessed lucrative development in the healthcare and medical sector pertaining to implementation of favorable regulatory norms and enhancements in healthcare infrastructure. Taking into account the hazardous impact of metallic devices and equipment on environment and human health, market players across North America are shifting their focus toward the use of thermoplastic elastomers, which will favorably influence medical styrenic polymer market growth.

The benefits provided by plastic based medical devices over metallic equipment have influenced Medical Styrenic Polymer Market considerably. Most of the hospitals have been giving preference to light weight product, better aesthetics, easy disposability, and cost-effective equipment lately, which is making them one of the prominent end use segments of medical styrenic devices market. The world is trending toward the adoption of eco-friendly products which is further encouraging the use of disposable equipment. 

To access a sample copy or view the Medical Styrenic Polymer Market report in detail along with the table of contents, please click the link below: www.gminsights.com/request-sample/detail/1821

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.

Report Metric  

  • Market Size available for years:  2017-2024
     
  • Base year considered:  2016
     
  • Forecast period:  2019–2024
     
  • Forecast Value: 4.5 bn (USD)
     
  • Segments covered:  Product, Application, Regional Outlook  
     
  • Geographies covered:  North America, Europe, Asia Pacific, Latin America, MEA
     
  • Companies covered:  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

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.

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.

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.

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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