Title: Medical Styrenic Polymer Market share research by applications and regions for 2017-2024
1Medical Styrenic Polymer Market Price, Research
Report, Analysis from 2017 to 2024
2Global Market Scenario of Medical Styrenic
Polymer Industry
- The 2017 Medical Styrenic Polymer Market report
focuses on regional growth for 15 countries,
leading industry companies, applications of
Aluminum Alloys Market and more with an aim to
help take business decisions. - Medical Styrenic Polymer Market size is expected
to surpass USD 4.5 billion by 2024 according to
a new research report by Global Market Insights,
Inc. - 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. - 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.
3Continue-
- Paradigm shift from metallic medical devices to
polymer devices owing to its desirable attributes
which includes design flexibility, better
physical characteristics, light weight and cost
efficiency will make significant contribution
towards medical styrenic polymer market size by
2024. - In addition, increasing preference for smaller
size medical devices along with complex
functionality will result in escalating product
demand by 2024. This is primarily due to easily
micro-molding nature of plastic to produce small
components with high tolerance. - High product price compared to its existing
counterparts in the business is probable to
hamper medical styrenic polymer market size in
the near future. For instance, polyethylene is
growing at a faster pace in the industry compared
to styrene polymers owing to its lower price. - However, increasing population aged above 65
years coupled with technology advancements and
stringent regulations against traditional plastic
and metallic devices in the healthcare industry
will generate plentiful opportunities for the
medical styrenic polymer market size over the
projected time spell.
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5360 Industry Analysis
- Product Analysis-
- Polystyrene accounted for the largest chunk of
medical styrenic polymer market share in 2016.
The product is majorly used in manufacturing
medical devices, equipment, packaging, etc. due
to its rigid and cost-effective nature.
Furthermore, excellent physical attributes
including transparency, easy availability in
several colors is likely to stimulate medical
styrenic polymer market size for the segment by
2024. - ABS are amongst one of the fastest growing
segment for medical applications owing to its
unique combination of properties including easily
colored, excellent finish and high-quality gloss.
Moreover, it exhibits brilliant chemical
resistance to heat and chemicals which will
benefit in achieving promising growth for the
medical styrenic polymer market size in the
coming years.
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6Regional Analysis Asia Pacific is expected to
be the fastest growing region for medical
styrenic polymer market by 2024. This is credited
to increasing healthcare ethics and environment
friendly material use for widespread medical
applications which will subsequently boost the
regional medical styrene polymers market size by
2024. Competitive Analysis Key industry share
contributors of medical styrenic polymers
are Kraton Polymers, Styrolution Group, Styron,
Americas Styrenics, INEOS ABS, Chevron Phillips
and SABIC.
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y-analysis/medical-styrenic-polymer-market
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