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Global Medical Styrenic Polymer Market Insight2022-01-12 Comments
The Medical Styrenic Polymer is forecast to steady growth over the next four years. According to the WK-chem Research “Global Medical Styrenic Polymer Professional Survey Report 2022, Forecast to 2027”, With growing environmental concerns and increased awareness of traditional polymers, the Medical Styrenic Polymer industry is developing at an incredible speed. The compound annual growth rate (CAGR) for the 2022-2027 period is projected to be 5.26% base on WK-chem Research regression analysis model.
“Traditionally used metal devices will slowly be transformed into polymer-based medical devices, and industry players should pay attention to adapt to the rapid development of the industry.“said Jimmy Joy, Senior analyst, Chemicals & Materials Market Research Center in WK-chem Research.
Increased use of styrene polymers in place of PVC throughout the healthcare industry. The use of PVC materials is limited due to various potential health threats associated with PVC. This is creating demand for plastics such as styrene polymers due to their excellent mechanical properties. In addition, these polymers offer ease of handling, design versatility, light weight and better aesthetics. All these properties of styrene polymers are driving the market growth. The increasing use of styrene polymers by the medical industry to develop high-performance and miniaturized medical devices is a major driving force for the market growth.
High prices of styrene polymers compared to other thermoplastic materials are expected to hinder market growth.
This WK-chem Research market report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading Medical Styrenic Polymer companies that include Styrolution group GmbH、BASF、Trinseo、SABIC、Chi Mei、Kraton and others.
Segmentation of Medical Styrenic Polymer Market:
According to the type, the market for Medical Styrenic Polymer is divided into Polystyrene (PS)，Acrylonitrile Butadiene Styrene (ABS)，Styrene Acrylonitrile (SAN)，Styrene Butadiene Block Copolymers (SBC)，Styrene Methyl Methacrylate (SMMA) and others.Acrylonitrile butadiene styrene dominates this segment because of its high strength, good toughness, and ease of processing.According to application, the Medical Styrenic Polymer market is divided into Intra-venous Systems & Fluid Delivery，Mobile & Digital Health，Surgical Gloves，Respiratory & Drug Delivery Devices and others.Intravenous systems and infusions dominate the market due to the surge in demand for injections due to the increasing number of medical patients in the world.
Medical Styrenic Polymer Market: Regional Analysis
In terms of geography, the global Medical Styrenic Polymer market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa.North America is currently the leading regional market for Medical Styrenic Polymer due to growing healthcare spending in North America..The Asia Pacific market is expected to grow with the highest CAGR.Due to the region is a major producer and consumer of styrene polymers.
Largest share area：North America
Largest share country：the Unite States