Medical Styrenic Polymers Industry Shifting focus from Metallic devices to Polymer devices, Report by 2017-2024

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Medical Styrenic Polymers Industry Shifting focus
from Metallic devices to Polymer devices, Report
by 2017-2024
_at_ 2016 Global Market Insight, Inc. USA. All
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• Overview

• Medical Styrenic Polymer Market size was more
  than USD 2.5 billion in 2016 and will witness 7
  growth over the projected timespan. Robust demand
  product demand to replace conventional metallic
  medical devices will drive the medical styrenic
  polymer market size by 2024
• This polymer can be easily processed and is
  widely used in manufacturing light weight and
  advanced medical devices. Conventional medical
  devices that are used in a majority of hospitals
  are made of metals, glass, and ceramics. However,
  these days, they are being replaced by polymers
  due to the several advantages they offer over
  their counterparts. 
• A report on medical styrenic polymer market
  compiled by Global Market Insights, Inc.,
  predicts the industry to record a CAGR of 7 over
  2017-2024. It further foresees this business
  space to generate revenue of over USD 4.5 billion
  by 2024. 

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• ABS (Acrylonitrile Butadiene Styrene) is
  considered to be one of most crucial products
  under the umbrella of medical styrenic polymer
  market, subject to its superior properties such
  as high heat resistance, high chemical endurance,
  excellent quality gloss finish, and superior
  moldability.
• The first quarter of 2017 also witnessed Ineos
  launching two new styrenic grades at the
  Pharmapack 2017 - Novodur HD M203FC G3 and
  Styrolux 4G60, both of which are designed to be
  utilized by medical device manufacturers.
• Medical styrenic polymer market may observe an
  increased traction in the course of the
  forthcoming years, pertaining to the declining
  adoption of PVS. Polyvinyl chloride has been used
  for the longest time by healthcare device firms
  to develop medical components for dialysis
  solutions, IV fluids, tubing, blood bags, and
  connectors.

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• 360 Analysis

• It has come to notice that the rising usage of
  PVC catastrophically impacts the environment, by
  means of the dioxin releases. Subject to the
  strict norms enforced by agencies with regards to
  environmental safety.
• Medical styrenic polymer industry is likely to
  experience high growth prospects. The medical
  industry still lags behind the other sectors as
  far as the go green trend is concerned. 
• Medical styrenic polymer industry players such
  as INEOS ABS, Styrolution Group GmbH, Kraton
  Polymers LLC, Styron LLC (Trinseo S.A.), Americas
  Styrenics LLC, and the Chi Mei Corporation have
  been striving to develop eco-friendly
  alternatives, which has led to a surging demand
  for styrenic polymers.
• This crusade is likely to carve out a positive
  roadmap for the growth of medical styrenic
  polymer market, anticipated to generate a
  valuation of more than USD 4.5 billion by 2024. 

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Competitive Trends

• The notable industries in Medical Styrenic
  Polymer Market are
• Chi Mei Corporation
• Styrolution
• Ineos Abs USA
• Kraton Polymers LLC
• Americas Styrenics LLC
• Ineos Abs USA

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