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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Medical Styrenic Block Copolymer Market: By Product Type, By Application and Geography
Medical Styrenic Block Copolymer Market: By Product Type, By Application and Geography
Medical Styrenic Block Copolymer Market size was valued at US$ 657 million in 2023 and is poised to grow at a CAGR of 4.5% from 2024-2030. Medical styrenic block copolymer (SBC) is a thermoplastic elastomer that has high performance to improve the application of a product. Some examples of styrenic block copolymers are hydrogenated styrenic block copolymers, styrene-isoprene-styrene, and styrene-butadiene. The properties of SBC are crystal clarity, thermal stability, high resistance, and no toxic or mutagenic possibility. SBC is used widely in polymer adjustments, footwear, wires and cable, medical devices, etc.
High elasticity, manufacturability, and strength of SBC make them suitable for moldable compounds, the non-toxic and temperature resistance properties of SBC help in producing efficient medical and healthcare products are some primary factors that can boost the global medical styrenic block copolymer market. Apart from this, with increasing cases of chronic diseases, demand for blood bags in the healthcare sector is also increasing which can accelerate the market in the future. Another factor that drives the medical styrenic block copolymer market is the increasing demand for the replacement of metallic devices with polymer-based devices
Moreover, the post-pandemic situation has created a demand for respiratory and oxygen masks, rising concern among people about health, continuous research, and development and launch of new products can drive market growth. However, some factors such as the low resistance of SBC as compared to hydrocarbons, and increasing fluctuation in the raw material cost can restrain the growth of the market. Moreover, growth in research and development actions in the market and technological advancements in production methods can produce lucrative opportunities for the global market.
In January 2021, a new styrene-ethylene-butylene-styrene (SEBS) block polymer was launched by LYC Chemical Corporation. SEBS is a high molecular weight compound that is used for medical, automobile, and adhesive applications.
Study Period
2024-2030Base Year
2023CAGR
8.3%Largest Market
Asia PacificFastest Growing Market
North America
One of the major reasons for the growth of the global medical styrenic block copolymer market is the increasing demand for respiratory devices and oxygen masks after the COVID-19 pandemic. As Sars-COV-2 affects the lungs and the respiratory system, demand for respiratory equipment, ventilators, and oxygen masks increased rapidly. Some properties of SBC such as high clarity, durability, flexibility, tensile strength, and resilience makes them ideal to be used in medical tubing, syringe plunger, medical IV bags, transparent medical bottles, oxygen mask, etc. Moreover, SBC can be merged with a wide variety of polymers such as polypropylene which can further enhance the use of SBC in the medical industry.
The Medical Styrenic Block Copolymer (SBC) Market in the Asia Pacific hold a significant revenue share in 2022, the developing economics and high spending on healthcare infrastructure raise demand for medical devices for various diagnoses and treatments across the region, it is predicted to grow rapidly in the forecast years. China and India are emerging markets for SBC as there is a rise in pharmaceutical packaging and the government initiates to use of recycled products to regain the market in the forecast years. North America holds a major market share of 45% in the global market and dominates the market due to the adoption of advanced technology in the region and increasing incidences of cardiovascular diseases escalate the demand for medical devices. It is expected to continue dominance in the upcoming years due to the presence of global players in the region.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 657 million |
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Market CAGR |
8.3% |
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By Product Type |
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By Application |
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By Region |
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The medical styrenic block copolymer market is projected to expand at a CAGR of 8.3% during the forecast period
Kumho Petrochemical, LYC CHEMICAL Corp., Versalis S.p.A., RTP Company, Grupo Dynasol, Asahi Kasei Corporation, JSR Corporation, China Petrochemical Corporation, Ineos Styrolution Group
North America is the fastest-growing region for medical styrenic block copolymer market
| 1. Executive Summary |
| 2. Global Medical Styrenic Block Copolymer Market Introduction |
| 2.1. Global Medical Styrenic Block Copolymer Market Taxonomy |
| 2.2. Global Medical Styrenic Block Copolymer Market Definitions |
| 2.2.1. By Product Type |
| 2.2.2. By Application |
| 2.2.3. By End User |
| 2.2.4. By Region |
| 3. By Region Global Medical Styrenic Block Copolymer Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Medical Styrenic Block Copolymer Market Dynamic Factors - Impact Analysis |
| 3.6. Global Medical Styrenic Block Copolymer Market Competition Landscape |
| 3.7. Epidemiology |
| 4. Global Medical Styrenic Block Copolymer Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Medical Styrenic Block Copolymer Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Styrene Ethylene Butadiene Styrene |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Styrene Isoprene Butadiene |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Styrene-Butadiene-Styrene |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Medical Styrenic Block Copolymer Market, By Application, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1. Wound Care |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Tubing |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Packaging & Diagnostic Products |
| 6.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 6.4. Medical Bags |
| 6.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.4.3. Market Opportunity Analysis |
| 7. Global Medical Styrenic Block Copolymer Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia-Pacific |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Latin America |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Middle East and Africa |
| 7.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 7.6. Global Medical Styrenic Block Copolymer Market - Opportunity Analysis Index, By Product Type, By Application, and Region, 2023 - 2029 |
| 8. North America Medical Styrenic Block Copolymer Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1. Styrene Ethylene Butadiene Styrene |
| 8.1.2. Styrene Isoprene Butadiene |
| 8.1.3. Styrene-Butadiene-Styrene |
| 8.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1. Wound Care |
| 8.2.2. Tubing |
| 8.2.3. Packaging & Diagnostic Products |
| 8.2.4. Medical Bags |
| 8.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 8.3.1. USA |
| 8.3.2. Canada |
| 8.4. North America Medical Styrenic Block Copolymer Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029 |
| 8.5. North America Medical Styrenic Block Copolymer Market Dynamics Trends |
| 9. Europe Medical Styrenic Block Copolymer Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Styrene Ethylene Butadiene Styrene |
| 9.1.2. Styrene Isoprene Butadiene |
| 9.1.3. Styrene-Butadiene-Styrene |
| 9.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1. Wound Care |
| 9.2.2. Tubing |
| 9.2.3. Packaging & Diagnostic Products |
| 9.2.4. Medical Bags |
| 9.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. Germany |
| 9.3.2. UK |
| 9.3.3. France |
| 9.3.4. Spain |
| 9.3.5. Italy |
| 9.3.6. Rest of Europe |
| 9.4. Europe Medical Styrenic Block Copolymer Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029 |
| 9.5. Europe Medical Styrenic Block Copolymer Market Dynamics Trends |
| 10. Asia-Pacific Medical Styrenic Block Copolymer Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Styrene Ethylene Butadiene Styrene |
| 10.1.2. Styrene Isoprene Butadiene |
| 10.1.3. Styrene-Butadiene-Styrene |
| 10.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1. Wound Care |
| 10.2.2. Tubing |
| 10.2.3. Packaging & Diagnostic Products |
| 10.2.4. Medical Bags |
| 10.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. China |
| 10.3.2. India |
| 10.3.3. Japan |
| 10.3.4. ASEAN |
| 10.3.5. Australia & New Zealand |
| 10.3.6. Rest of Asia-Pacific |
| 10.4. Asia-Pacific Medical Styrenic Block Copolymer Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029 |
| 10.5. Asia-Pacific Medical Styrenic Block Copolymer Market Dynamics Trends |
| 11. Latin America Medical Styrenic Block Copolymer Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Styrene Ethylene Butadiene Styrene |
| 11.1.2. Styrene Isoprene Butadiene |
| 11.1.3. Styrene-Butadiene-Styrene |
| 11.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1. Wound Care |
| 11.2.2. Tubing |
| 11.2.3. Packaging & Diagnostic Products |
| 11.2.4. Medical Bags |
| 11.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Brazil |
| 11.3.2. Mexico |
| 11.3.3. Rest of Latin America |
| 11.4. Latin America Medical Styrenic Block Copolymer Market - Opportunity Analysis Index, By Product Type, By Application, and Country, 2023 - 2029 |
| 11.5. Latin America Medical Styrenic Block Copolymer Market Dynamics Trends |
| 12. Middle East and Africa Medical Styrenic Block Copolymer Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Styrene Ethylene Butadiene Styrene |
| 12.1.2. Styrene Isoprene Butadiene |
| 12.1.3. Styrene-Butadiene-Styrene |
| 12.2. Application Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1. Wound Care |
| 12.2.2. Tubing |
| 12.2.3. Packaging & Diagnostic Products |
| 12.2.4. Medical Bags |
| 12.3. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Gulf Cooperation Council (GCC) Countries |
| 12.3.2. South Africa |
| 12.3.3. Rest of MEA |
| 12.4. MEA Medical Styrenic Block Copolymer Market - Opportunity Analysis Index By Product Type, By Application, and Country, 2023 - 2029 |
| 12.5. MEA Medical Styrenic Block Copolymer Market Dynamics Trends |
| 13. Competition Landscape |
| 13.1. Strategic Dashboard of Top Market Players |
| 13.2. Company Profiles (Introduction, Financial Analysis, Key Product Types, Key Developments, Strategies, and SWOT Analysis) |
| 13.2.1. Kumho Petrochemical |
| 13.2.2. LYC CHEMICAL Corp. |
| 13.2.3. Versalis S.p.A. |
| 13.2.4. RTP Company |
| 13.2.5. Grupo Dynasol |
| 13.2.6. Asahi Kasei Corporation |
| 13.2.7. JSR Corporation |
| 13.2.8. China Petrochemical Corporation |
| 13.2.9. Ineos Styrolution Group |
| 13.2.10. LG Chem Ltd. |
| 13.2.11. BASF SE. |
| 13.2.12. TSRC Corporation |
| 13.2.13. Dynasol Group |
| 13.2.14. Zeon Corporation |
| 14. Research Methodology |
| 15. Key Assumptions and Acronyms |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.