Medical Styrenic Block Copolymer (SBC) Market - Global Industry Analysis

Medical Styrenic Block Copolymer (SBC) Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Chemical & Materials Report Format : PDF Report Code: ZMR-6749 Status : Upcoming

Description

Global Medical Styrenic Block Copolymer (SBC) Market: Overview

Styrene-butadiene copolymer is composed of two-phase blocks of soft and hard components. Styrene end blocks offer thermoplastic properties, and butadiene mid blocks offer elastomeric properties. It is a class of thermoplastic elastomers that work like plastic and behave like rubber owing to its inherent physical crosslinking in the structure. Whenever such material is stretched, these crosslinks revert to their original shape. The styrene block copolymers can be made of isoprene, styrene, and butadiene raw materials. These materials find a wide range of applications in the production of soft elastomers, rigid thermoplastic impact modification, asphalt modification, and others.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Global Medical Styrenic Block Copolymer (SBC) Market: Growth Factors

The constant surge in demand for medical equipment like ventilators, respiratory devices, oxygen masks, and others is likely to steer the growth of the global medical styrenic block copolymer (SBC) market over the forecasted period. The surging environmental issues and reducing the cost of styrene block copolymers is also likely to further complement the growth of the market. However, these block copolymers have emerged as ideal alternatives to PVC, rubber, and other thermoplastics in medical applications. The massive transformation in medical technologies led to the advent of advanced portable medical devices with high-end functionalities. The FDA has framed several guidelines to restrict the use of polyvinyl chloride (PVC) material in the medical sector. Therefore, the FDA center for devices and radiological health has highly advised leaders to lower the adoption of PVC devices in medical applications as several studies conclude its adverse effect on the health of the patients. However, such restrictions are likely to augment the demand for alternative materials like styrene block copolymers all around the globe. Several other properties offered by styrene block copolymers in the medical sector include stabilizability by gamma irradiation, excellent thermal stability, crystal clarity, mutagenic, and many others. Also, it is incredibly chemical and UV resistant with good mechanical strength and flexibility, which in turn simplifies the functionality in medical applications. Manufacturers are constantly fuelling their investments to boost the research and development activities in order to launch distinctive products in the market.

Global Medical Styrenic Block Copolymer (SBC) Market: Segmentation

The global medical styrenic block copolymer (SBC) market can be segmented into application, product, and region.

By application, the market can be segmented into wound care, packaging & diagnostic products, equipment, medical bags, tubing, and others.

By product, the market can be segmented into styrene ethylene butadiene styrene, styrene isoprene butadiene, styrene-butadiene-styrene and others. The styrene-ethylene butadiene styrene segment accounts for the largest share in the global medical styrenic block copolymer (SBC) market as it facilitates improved flexibility, processability, and high strength. Also, such polymers are highly compatible with polypropylene, which in turn permit the creation of moldable compounds with better flow, less hardness, and without the requirement for plasticizing oils. However, such materials process the capability of strong standing against many sterilization methods and are ideal for producing high clarity flexible films, bags, and medical tubes.

The medical bag segment holds the largest share in the global medical styrenic block copolymer (SBC) market as styrene block copolymers work as primary materials in making medical bags like blood bags and IV bags. The blood bags are widely adopted in the healthcare sector to maintain the blood sample under sterilized conditions and ensure infection-free premises. However, the surge in demand for blood collection owing to the high prevalence of blood associated disorders and spike in blood transfusion procedures is likely to create several lucrative growth opportunities in the forthcoming years. The segment is likely to dominate the global marketplace over the forecasted period with a high CAGR.

Global Medical Styrenic Block Copolymer (SBC) Market: Regional analysis

North America accounts for the largest share in the global medical styrenic block copolymer (SBC) market due to the presence of well-established health infrastructure in the region. Also, the high prevalence of chronic and blood associated diseases in the region is likely to emerge as a key factor propelling the growth of the regional market. In addition, the surging demand for respiratory devices and oxygen masks due to the devastating impact of the Covid-19 pandemic on the region is likely to spur the growth of the market manifolds over the forecasted period.

Asia Pacific is likely to register significant growth over the forecasted period due to the growing initiatives from the government to strengthen its healthcare infrastructure and offer high-end treatment to patients. Also, to lower the burden of cases arising due to hospital-acquired infections in the region, the government is promoting such medical equipment to maintain infection-free premises.

Global Medical Styrenic Block Copolymer (SBC) Market: Competitive Players

Some of the significant players in the global medical styrenic block copolymer (SBC) market are Grupo Dynasol, Asahi Kasei Corporation, RTP Company, LG Chem, LYC CHEMICAL, China Petrochemical Corporation, Eastman Chemical Company, Kumho Petrochemical, JSR Corporation, Ineos Styrolution Group GmbH, Versalis S.p.A., and BASF SE.

Global Medical Styrenic Block Copolymer (SBC) Market: Regional Segment Analysis

  • 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

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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FrequentlyAsked Questions

The constant surge in demand for medical equipment like ventilators, respiratory devices, oxygen masks, and others is likely to steer the growth of the global medical styrenic block copolymer (SBC) market over the forecasted period. The surging environmental issues and reducing the cost of styrene block copolymers is also likely to further complement the growth of the market.

Some of the significant players in the global medical styrenic block copolymer (SBC) market are Grupo Dynasol, Asahi Kasei Corporation, RTP Company, LG Chem, LYC CHEMICAL, China Petrochemical Corporation, Eastman Chemical Company, Kumho Petrochemical, JSR Corporation, Ineos Styrolution Group GmbH, Versalis S.p.A., and BASF SE.

 

North America accounts for the largest share in the global medical styrenic block copolymer (SBC) market due to the presence of well-established health infrastructure in the region. Also, the high prevalence of chronic and blood associated diseases in the region is likely to emerge as a key factor propelling the growth of the regional market.

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