Medical Styrenic Block Copolymer (SBC) Market To Amass USD 10,001 Mn Earnings By 2028

As per study of Zion Market Research, Medical Styrenic Block Copolymer (SBC) industry garnered revenue worth nearly US$ 7,134 million in 2021 and is anticipated to gain returns about US$ 10,001 million by 2028. Additionally, Medical Styrenic Block Copolymer (SBC) market is prognosis to record CAGR of almost 4.5% in 2022-2028. Furthermore, growth of medical styrenic block copolymer (SBC) market over forecast timespan is subject to rising use of product in producing ventilators, oxygen masks, and respiratory equipment. In addition to this, use of medical styrenic block copolymer for phthalates that adversely impacts patient health will drive market trends. Surge in cases of congenital heart anomalies will translate into huge need of medical equipment, thereby embellishing expansion of medical styrenic block copolymer (SBC) industry. Rise in renovation activities and large-scale expenditure on infrastructural growth will prop up development of industry over ensuing years. Favorable government legislations supporting use of product with view of developing high quality medical devices as well as medical product will trigger revenue elevation of medical styrenic block copolymer (SBC) market.

Styrene Ethylene Butadiene Styrene Segment To Lead Product Landscape By 2028

Growth of product segment over assessment period can be credited to its enhanced processing ability, high strength, and flexibility. In addition to this, the product is compatible with polypropylene and improves production of moldable compounds.

Medical Bag Segment To Contribute Majorly Towards Overall Market Share In 2022-2028

Segmental surge over next six years can be attributed to large-scale use of medical styrenic block copolymer as key materials in production of medical bags including IV bags and blood bags. Moreover, outbreak of COVID-19 pandemic has resulted into humungous demand for medical bags in recent years, thereby steering growth of medical bag segment.

North America To Make Sizable Contributions Towards Regional Market Revenue By 2028

Expansion of regional market over forecast timespan is subject to presence of strong & improved healthcare amenities in region. In addition to this, occurrence of chronic disorders and blood-related diseases will crop up business space in North American sub-continent. Apart from this, rise in need of respiratory equipment & oxygen masks with huge number of persons affected from severe COVID-19 in countries such as the U.S. will augment growth rate of medical styrenic block copolymer (SBC) market in region.

Key participants lucratively impacting growth of industry and profiled in study are Eastman Chemical Company, Kumho Petrochemical Co., Ltd., Versalis S.p.A., LYC CHEMICAL Corp., Grupo Dynasol, RTP Company,  Asahi Kasei Corporation, China Petrochemical Corporation,  JSR Corporation, LG Chem Ltd., Ineos Styrolution Group GmbH, and BASF SE.

Browse the full “Medical Styrenic Block Copolymer (SBC) Market- By Application (Wound Care, Packaging & Diagnostic Products, Medical Bags, And Tubing) And By Product (Styrene Ethylene Butadiene Styrene, Styrene Isoprene Butadiene, And Styrene-Butadiene-Styrene): Global Industry Perspective, Comprehensive Analysis, And Forecast, 2022–2028.” Report at https://www.zionmarketresearch.com/report/medical-styrenic-block-copolymer-market

The global Medical Styrenic Block Copolymer (SBC) Market is segmented as follows:

By Application

• Wound Care
• Tubing
• Packaging & Diagnostic Products
• Medical Bags

By Product

• Styrene Ethylene Butadiene Styrene
• Styrene Isoprene Butadiene
• Styrene-Butadiene-Styrene

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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