Global Medical Styrenic Block Copolymer (SBC) Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2023-2032 Report by We Market Research
Global medical styrenic block copolymer (SBC) market was worth USD 7,134 million in 2022 and is anticipated to register a CAGR of 4.5% over the forecast duration 2023-2033, thereby reaching a valuation of USD 11,076 million by the end of the analysis timeline.
The major factors fueling the progression of this market are increasing use of styrenic block copolymers in producing oxygen masks, ventilators, and respiratory equipment. Also, the use of these components instead of phthalates in making producing healthcare equipment as the latter can negative impact a patient’s health is further adding to market expansion. Furthermore, favorable government laws and resignations approving the use of these copolymers for medical purposes and increasing expenditure on healthcare infrastructural development are positively swaying market dynamics.
Styrenic block copolymers are referred to as types of thermoplastic elastomers which are processed like plastics but tend to behave like rubbers. They are generally produced by ionic copolymerization of styrene and butadiene and 2- methyl-1, 3-butadiene (SIS) and are often blended with oils and fillers along with various type of polymers to enable versatile modification of product properties. These copolymers are predominantly used in the medical sector when it comes to designing orthopedic and respiratory equipment, needle shields, surgery drapery, drip chambers, among others.
Rising incidences of cardiac and respiratory disorders owing to various reasons like unhealthy eating habits, pollution, tobacco consumption, just to name a few have increased the demand for various medical equipment. The of styrenic block copolymers in producing medical devices have been approved by concerned regulatory bodies as they are safe and efficient, therefore increasing prevalence of the mentioned disorders are creating lucrative growth opportunities for the market as a whole.
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Market Segmentation:
The global medical styrenic block copolymer (SBC) market can be segmented based on various factors such as application, end-user, and region.
- By Application:
- Medical Devices
- Medical Packaging
- Others (such as drug delivery systems, IV therapy, etc.)
- By End-User:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Others (such as home care, long-term care centers, etc.)
- By Region:
- North America
- Europe
- Asia-Pacific
- Middle East & Africa
- South America
Key Player:
Eastman Chemical Company, Versalis S.p.A, Kumho Petrochemical Co Ltd, Versalis S.p.A., LYC CHEMICAL Corp., Grupo Dynasol, RTP Company, BASF SE, JSR Corporation, LG Chem Ltd, LYC Chemical Corp, Ineos Styrolution Group, Asahi Kasei Corporation, China Petrochemical Corporation, TSRC Corporation, Zeon Corporation, Kraton Corporation, Trinseo S.A., En Chuan Chemical Industries Co. Ltd., HEXPOL AB, CHIMEI, Momentive Performance Materials, Inc., Chevron Philips, and Others.
Regional Analysis:
Asia Pacific (China, India, Japan, South Korea, and Australia)
Latin America (Brazil and Mexico)
Middle East and Africa (GCC and South Africa)
Europe (UK, Spain, France, Germany, and Italy)
FAQs:
1. What are the major drivers which aid this Market?
2. What are the segments of this Market?
3. Which is the fastest growing region in this Market?
4. What are some major strategies used by top players for the expansion of their business in this Market?
Key Points:
Define, describe and forecast Potentiometers product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Reasons to Purchase this Report:
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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