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Medical Styrenic Polymers Market is expected to grow from USD 3.5 billion in 2020 to USD 5.5 billion by 2028, at a CAGR of 5.9% during the forecast period 2021-2028 owing to the increased concerns about environmental risks, it is becoming more popular than conventional polymers and metals.
The organic molecule styrene has the chemical formula C6H5CH=CH2. Although older samples might seem yellowish, this benzene derivative is a white oily liquid. The chemical is easy to evaporate and has a sweet odour, however it has a less pleasant odour at large concentrations. Polystyrene and many copolymers are made from styrene. Styrenic polymers are cost-effective plastics that make up a family of significant plastic goods that use styrene as a primary component. Because of their amorphous nature, these polymers may be treated much above their softening point and across a wide temperature range. In comparison to other partially crystalline polymers, styrenic polymers do not have a distinct melting point. This not only enables for quicker processing of these polymers, but also for better dimensional stability and mechanical characteristics. Polystyrene, expandable polystyrene, styrene-acrylonitrile copolymer, styrene-methyl methacrylate copolymer, acrylonitrile-butadiene-styrene copolymer, acrylonitrile-styrene-acrylate copolymer, and acrylonitrile-styrene-acrylate copolymer, as well as blend (PC). Cups, utensils, furniture, and kitchen appliances are made of styrenic polymers, as are consumer electronics, car parts, sports and leisure equipment, boats, and durable, lightweight packaging materials.
The rising usage of styrenic polymers in the medical as well as automotive sector is one of the major reasons driving market growth. The demand for plastics in these industry is rising as worries develop about reducing the total weight of vehicles in order to fulfil more strict pollution laws. Furthermore, automakers have profited from the usage of plastics by lowering car assembly time and costs. The significant expansion of the automotive sector in Asia-Pacific and the Middle East and Africa is anticipated to push market growth even more over the forecast period. The rising popularity of styrenic polymers in medical applications for the manufacturing of surgical instruments, liquid containers, portable medical equipment, connector tubes, and bags is another significant driver driving market expansion. During the assessment period, however, the high cost of styrenic polymers is expected to be a key factor restraining the entire market. The switch from PVC to styrenic polymers is expected to enhance demand in the medical industry over the review period, owing to the latter's numerous functional and environmental advantages.
This study delivers a comprehensive analysis of product, application, and region. The product segment includes Expandable Polystyrene (EPS), Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), Styrene-Butadiene Rubber (SBR) and Unsaturated Polyester Resins (UPR). Polystyrene (PS) held the largest market share in the year 2020. In the healthcare sector, it is the most frequently used styrenic polymer. The application segment includes medical containers, medical packaging, medical instruments, medical fabrics, IV solution bags. Medical instruments segment held the largest market share in the year 2020. Medical drip chambers, dry powder inhalers, diagnostic tools, disposable laboratory equipment, petri dishes, tissue culture components, flasks, pipettes, and other items are included in the medical instruments section. During the assessment period, the rising demand for styrenic polymers in various applications will significantly contribute to the growth of the medical styrenic polymers market segment.
The market has been divided into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. In 2020, North America accounted for the most of the global Medical Styrenic Polymers Market. This can be linked to the North American region's rising healthcare costs. Furthermore, rigorous healthcare standards and laws have led to the replacement of traditional metallic devices with thermoplastic elastomer devices, which are easier to manufacture and comply with environmental requirements. North America and Europe are anticipated to develop at a moderate pace. Furthermore, due to a boom in the construction and automotive industries in Brazil and Mexico, Central and South America are expected to have excellent development potential.Due to rising industrialization and urbanisation in emerging economies like as China and India, Asia Pacific is anticipated to be the fastest-growing market. Because of the downturn in the automotive manufacturing business.
BASF, Styrolution group GmbH, Kraton, Chevron Phillips Chemical, ABIC, Chi Mei, Nova Chemical, LG Chem, Bayer MaterialScience, Mitsubishi Chemical Holding, ELIX Polymers, Grupo Dynasol, Ovation Polymers, and Formosa Chemical & Fibre Corporation are some of the major companies inmedical styrenic market.
Medical Styrenic Polymers Market, Analysis and Forecast, Product
Medical Styrenic Polymers Market, Analysis and Forecast, Application
Medical Styrenic Polymers Market, Analysis and Forecast, Region
Report Description:
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product
4.3.2. Market Attractiveness Analysis By Application
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. The rising usage of styrenic polymers
5.2.2. Multiple application in manugacturing of medical equipments
5.3. Restrains
5.3.1. The high cost of styrenic polymers
5.4. Opportunities
5.4.1. The switch from PVC to styrenic polymers in the medical industry
6. Global Medical Styrenic Polymers Market Analysis and Forecast, By Product
6.1. Segment Overview
6.2. Expandable Polystyrene (EPS)
6.3. Polystyrene (PS)
6.4. Acrylonitrile Butadiene Styrene (ABS)
6.5. Styrene-Butadiene Rubber (SBR)
6.6. Unsaturated Polyester Resins (UPR)
7. Global Medical Styrenic Polymers Market Analysis and Forecast, By Application
7.1. Segmant Overview
7.2. Medical Containers
7.3. Medical Packaging
7.4. Medical Instruments
7.5. Medical Fabrics
7.6. IV Solution Bags
8. Global Medical Styrenic Polymers Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Medical Styrenic Polymers Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in Global Medical Styrenic Polymers Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. BASF
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Styrolution group GmbH
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Kraton
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Chevron Phillips Chemical
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. ABIC
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Chi Mei
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Nova Chemical
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. LG Chem
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Bayer MaterialScience
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Mitsubishi Chemical Holding
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. ELIX Polymers
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Product Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Grupo Dynasol
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Product Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Ovation Polymers
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Product Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. Formosa Chemical & Fibre Corporation.
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Product Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
List of Table
1. Global Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
2. Global Expandable Polystyrene (EPS), Medical Styrenic Polymers Market, By Region, 2018-2028 (USD Billion)
3. Global Polystyrene (PS), Medical Styrenic Polymers Market, By Region, 2018-2028 (USD Billion)
4. Global Acrylonitrile Butadiene Styrene (ABS), Medical Styrenic Polymers Market, By Region, 2018-2028 (USD Billion)
5. Global Styrene-Butadiene Rubber (SBR), Medical Styrenic Polymers Market, By Region, 2018-2028 (USD Billion)
6. Global Unsaturated Polyester Resins (UPR), Medical Styrenic Polymers Market, By Region, 2018-2028 (USD Billion)
7. Global Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
8. Global Medical Containers, Medical Styrenic Polymers Market, By Region, 2018-2028 (USD Billion)
9. Global Medical Packaging, Medical Styrenic Polymers Market, By Region, 2018-2028 (USD Billion)
10. Global Medical Instruments, Medical Styrenic Polymers Market, By Region, 2018-2028 (USD Billion)
11. Global Medical Fabrics, Medical Styrenic Polymers Market, By Region, 2018-2028 (USD Billion)
12. Global IV Solution Bags, Medical Styrenic Polymers Market, By Region, 2018-2028 (USD Billion)
13. North America Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
14. North America Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
15. U.S. Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
16. U.S. Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
17. Canada Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
18. Canada Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
19. Mexico Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
20. Mexico Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
21. Europe Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
22. Europe Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
23. Germany Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
24. Germany Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
25. France Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
26. France Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
27. U.K. Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
28. U.K. Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
29. Italy Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
30. Italy Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
31. Spain Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
32. Spain Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
33. Asia Pacific Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
34. Asia Pacific Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
35. Japan Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
36. Japan Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
37. China Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
38. China Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
39. India Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
40. India Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
41. South America Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
42. South America Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
43. Brazil Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
44. Brazil Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
45. Middle East and Africa Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
46. Middle East and Africa Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
47. UAE Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
48. UAE Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
49. South Africa Medical Styrenic Polymers Market, By Product, 2018-2028 (USD Billion)
50. South Africa Medical Styrenic Polymers Market, By Application, 2018-2028 (USD Billion)
List of Figures
1. Global Medical Styrenic Polymers Market Segmentation
2. Global Medical Styrenic Polymers Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Medical Styrenic Polymers Market Attractiveness Analysis By Product
9. Global Medical Styrenic Polymers Market Attractiveness Analysis By Application
10. Global Medical Styrenic Polymers Market Attractiveness Analysis By Region
11. Global Medical Styrenic Polymers Market: Dynamics
12. Global Medical Styrenic Polymers Market Share By Product (2021 & 2028)
13. Global Medical Styrenic Polymers Market Share By Application (2021 & 2028)
14. Global Medical Styrenic Polymers Market Share by Regions (2021 & 2028)
15. Global Medical Styrenic Polymers Market Share by Company (2020)
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Hi John,
Thanks for the report. We've been going through it and see some good data on the market and players. –
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