Market Overview:
The global styrenic polymers for medical applications market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market is segmented by type, application, and region. By application, the market is divided into clinic, hospital and others. Geographically, the global market for Styrenic Polymers for Medical Applications has been segmented into North America, Latin America Europe Asia Pacific and Middle East & Africa. The growth of this market can be attributed to factors such as rising demand from end-use industries such as healthcare.
Product Definition:
Styrenic polymers for medical applications are thermoplastic materials that are used to make medical devices and implants. They are important because they can be sterilized and have a low reactivity with the body.
Polystyrene (PS):
PS is a widely used polymer in the medical industry. It is resistant to solvents, acids and bases and has low thermal stability. The ability of PS to be easily molded into various shapes has made it one of the most popular polymers for manufacturing devices or components required for medical applications such as surgical tools, test tubes & Petri dishes, drug delivery systems & implantable devices among others.
Acrylonitrile Butadiene Styrene (ABS):
Acrylonitrile Butadiene Styrene (ABS) is a copolymer of acrylonitrile and butadiene. It is available in two forms, namely ABS-M (acrylonitrile butadiene styrene - methyl) and ABS-F (acrylonitrile butadiene styrene - formaldehyde).
Application Insights:
The others segment dominated the global styrenic polymers for medical applications market in 2017, accounting for a share of 29.3% by revenue. The segment includes styrene-butadiene rubber (SBR), acrylics, and silicone rubber. Styrene-butadiene rubber is used in tire manufacturing on account of its good grip and handling characteristics while also providing comfort to the wearer due to its softness. It is also used as an adhesive agent owing to its high strength resistance properties when exposed to oxygen and heat which are required in various industries including automotive, construction, electronics among others.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of a large number of industry players coupled with rapid industrialization, especially in China and India, are some factors responsible for this dominance. In addition, increasing healthcare expenditure by governments as well as consumers is anticipated to drive demand for medical applications over the forecast period.
The Asia Pacific region was followed by Europe which accounted for 23% of total market share in terms of revenue owing to high demand from countries such as Germany, France and Italy among others. North America also contributed significantly towards global styrenic polymers for medical applications market due to high demand from end-use industries such as dental & oral care products manufacturing companies along with hospitals & clinics on account of rising geriatric population prone to chronic diseases that require long-term treatment solutions leading to an increase in spending on healthcare products & services resulting into higher product adoption rates across this region during the estimated time frame.
Growth Factors:
- Increasing demand for styrenic polymers in medical applications from emerging economies due to the growth of their healthcare sectors.
- The increasing use of styrenic polymers in medical devices and implants, as they are biocompatible and have low toxicity.
- The growing demand for styrenic polymers in drug delivery systems, as they can be used to improve the efficacy and stability of drugs.
- The increasing use of styrenic polymers in tissue engineering and regenerative medicine, as they can promote cell growth and differentiation.
- The development of new types of styrenic polymers with improved properties that can be used in medical applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Styrenic Polymers for Medical Applications Market Research Report
By Type
Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), Styrene Acrylonitrile (SAN), Methacrylate Butadiene Styrene (MBS), Methacrylate Acrylonitrile Butadiene Styrene (MABS), Styrene Methyl-Methacrylate (SMMA), Styrene Butadiene Styrene (SBS), Styrene Ethylene Butylene Styrene (SEBS), Others
By Application
Clinic, Hospital, Others
By Companies
LG Chem, Chi Mei Corporation, Chevron Phillips Chemical Company LLC, Kraton Corporation, Trinseo LLC, TSRC Corporation, SABIC, LG Chem
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Styrenic Polymers for Medical Applications Market Report Segments:
The global Styrenic Polymers for Medical Applications market is segmented on the basis of:
Types
Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), Styrene Acrylonitrile (SAN), Methacrylate Butadiene Styrene (MBS), Methacrylate Acrylonitrile Butadiene Styrene (MABS), Styrene Methyl-Methacrylate (SMMA), Styrene Butadiene Styrene (SBS), Styrene Ethylene Butylene Styrene (SEBS), Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Clinic, Hospital, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LG Chem
- Chi Mei Corporation
- Chevron Phillips Chemical Company LLC
- Kraton Corporation
- Trinseo LLC
- TSRC Corporation
- SABIC
- LG Chem
Highlights of The Styrenic Polymers for Medical Applications Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polystyrene (PS)
- Acrylonitrile Butadiene Styrene (ABS)
- Styrene Acrylonitrile (SAN)
- Methacrylate Butadiene Styrene (MBS)
- Methacrylate Acrylonitrile Butadiene Styrene (MABS)
- Styrene Methyl-Methacrylate (SMMA)
- Styrene Butadiene Styrene (SBS)
- Styrene Ethylene Butylene Styrene (SEBS)
- Others
- By Application:
- Clinic
- Hospital
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Styrenic Polymers for Medical Applications Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Styrenic polymers are a type of polymer that is made from styrene monomers. These polymers are often used in medical applications because they have a high degree of flexibility and strength. They can be used to create products such as surgical implants, wound dressings, and catheters.
Some of the major players in the styrenic polymers for medical applications market are LG Chem, Chi Mei Corporation, Chevron Phillips Chemical Company LLC, Kraton Corporation, Trinseo LLC, TSRC Corporation, SABIC, LG Chem.
The styrenic polymers for medical applications market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Styrenic Polymers for Medical Applications Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Styrenic Polymers for Medical Applications Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Styrenic Polymers for Medical Applications Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Styrenic Polymers for Medical Applications Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Styrenic Polymers for Medical Applications Market Size & Forecast, 2020-2028
4.5.1 Styrenic Polymers for Medical Applications Market Size and Y-o-Y Growth
4.5.2 Styrenic Polymers for Medical Applications Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Polystyrene (PS)
5.2.2 Acrylonitrile Butadiene Styrene (ABS)
5.2.3 Styrene Acrylonitrile (SAN)
5.2.4 Methacrylate Butadiene Styrene (MBS)
5.2.5 Methacrylate Acrylonitrile Butadiene Styrene (MABS)
5.2.6 Styrene Methyl-Methacrylate (SMMA)
5.2.7 Styrene Butadiene Styrene (SBS)
5.2.8 Styrene Ethylene Butylene Styrene (SEBS)
5.2.9 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Clinic
6.2.2 Hospital
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Styrenic Polymers for Medical Applications Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Styrenic Polymers for Medical Applications Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Polystyrene (PS)
9.6.2 Acrylonitrile Butadiene Styrene (ABS)
9.6.3 Styrene Acrylonitrile (SAN)
9.6.4 Methacrylate Butadiene Styrene (MBS)
9.6.5 Methacrylate Acrylonitrile Butadiene Styrene (MABS)
9.6.6 Styrene Methyl-Methacrylate (SMMA)
9.6.7 Styrene Butadiene Styrene (SBS)
9.6.8 Styrene Ethylene Butylene Styrene (SEBS)
9.6.9 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Clinic
9.10.2 Hospital
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Polystyrene (PS)
10.6.2 Acrylonitrile Butadiene Styrene (ABS)
10.6.3 Styrene Acrylonitrile (SAN)
10.6.4 Methacrylate Butadiene Styrene (MBS)
10.6.5 Methacrylate Acrylonitrile Butadiene Styrene (MABS)
10.6.6 Styrene Methyl-Methacrylate (SMMA)
10.6.7 Styrene Butadiene Styrene (SBS)
10.6.8 Styrene Ethylene Butylene Styrene (SEBS)
10.6.9 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Clinic
10.10.2 Hospital
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Polystyrene (PS)
11.6.2 Acrylonitrile Butadiene Styrene (ABS)
11.6.3 Styrene Acrylonitrile (SAN)
11.6.4 Methacrylate Butadiene Styrene (MBS)
11.6.5 Methacrylate Acrylonitrile Butadiene Styrene (MABS)
11.6.6 Styrene Methyl-Methacrylate (SMMA)
11.6.7 Styrene Butadiene Styrene (SBS)
11.6.8 Styrene Ethylene Butylene Styrene (SEBS)
11.6.9 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Clinic
11.10.2 Hospital
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Polystyrene (PS)
12.6.2 Acrylonitrile Butadiene Styrene (ABS)
12.6.3 Styrene Acrylonitrile (SAN)
12.6.4 Methacrylate Butadiene Styrene (MBS)
12.6.5 Methacrylate Acrylonitrile Butadiene Styrene (MABS)
12.6.6 Styrene Methyl-Methacrylate (SMMA)
12.6.7 Styrene Butadiene Styrene (SBS)
12.6.8 Styrene Ethylene Butylene Styrene (SEBS)
12.6.9 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Clinic
12.10.2 Hospital
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Polystyrene (PS)
13.6.2 Acrylonitrile Butadiene Styrene (ABS)
13.6.3 Styrene Acrylonitrile (SAN)
13.6.4 Methacrylate Butadiene Styrene (MBS)
13.6.5 Methacrylate Acrylonitrile Butadiene Styrene (MABS)
13.6.6 Styrene Methyl-Methacrylate (SMMA)
13.6.7 Styrene Butadiene Styrene (SBS)
13.6.8 Styrene Ethylene Butylene Styrene (SEBS)
13.6.9 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Clinic
13.10.2 Hospital
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Styrenic Polymers for Medical Applications Market: Competitive Dashboard
14.2 Global Styrenic Polymers for Medical Applications Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LG Chem
14.3.2 Chi Mei Corporation
14.3.3 Chevron Phillips Chemical Company LLC
14.3.4 Kraton Corporation
14.3.5 Trinseo LLC
14.3.6 TSRC Corporation
14.3.7 SABIC
14.3.8 LG Chem
