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Rapid industrialization, rising government expenditure on infrastructure and manufacturing facilities will positively influence Medical Styrenic Polymers market growth.
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Medical Styrenic Polymers Industry Shifting focus from Metallic devices to Polymer devices, Report by 2017-2024 @ 2016 Global Market Insight, Inc. USA. All Rights Reserved www.fractovia.org
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. @ 2016 Global Market Insight, Inc. USA. All Rights Reserved www.fractovia.org
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. @ 2016 Global Market Insight, Inc. USA. All Rights Reserved www.fractovia.org
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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. @ 2016 Global Market Insight, Inc. USA. All Rights Reserved www.fractovia.org
Competitive Trends: • The notable industries inMedical Styrenic Polymer Market are • Chi Mei Corporation • Styrolution • Ineos Abs USA • Kraton Polymers LLC • Americas Styrenics LLC • Ineos Abs USA Inquire Before Buying This Report@ https://www.fractovia.org/request-purchase/582 @ 2016 Global Market Insight, Inc. USA. All Rights Reserved www.fractovia.org
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