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Medical Styrenic Block Copolymers Market Size

  • Report ID: GMI5102
  • Published Date: Dec 2024
  • Report Format: PDF

Medical Styrenic Block Copolymers Market Size

The global medical styrenic block copolymers market was valued at USD 728.8 million in 2024 and is estimated to grow at a CAGR of over 6.6% from 2025 to 2034.

 

The demand for medical-grade materials in the market is driven by their superior properties, including flexibility, biocompatibility, and ease of sterilization. These materials are widely used in various healthcare applications such as IV bags, medical tubing, and flexible medical devices due to their ability to meet stringent hygiene and performance standards. The global rise in chronic diseases and aging populations is fueling the need for advanced medical solutions, where SBCs play a critical role.
 

The shift towards minimally invasive surgical procedures and demand for lightweight, durable materials also contribute to their growing adoption. As healthcare providers and manufacturers seek high-performance materials that comply with strict regulatory requirements, the role of SBCs as a reliable medical-grade material becomes more prominent, establishing this as a significant market driver.
 

Authors: Kiran Pulidindi, Keshav Tandle

Frequently Asked Questions (FAQ) :

The global market size for medical styrenic block copolymers was valued at USD 728.8 million in 2024 and is projected to reach USD 1.4 billion by 2034, driven by a CAGR of over 6.6% during the forecast period, supported by increasing demand for medical-grade materials.

Styrene butadiene styrene (SBS) accounted for USD 288.6 million in revenue in 2024, dominating the product segment due to its exceptional elasticity, strength, and compatibility with sterilization processes.

The U.S. market was valued at USD 274.7 million in 2024, driven by advanced healthcare infrastructure, high healthcare expenditure, and innovation in medical device manufacturing.

Major players in the industry include Asahi Kasei, Dynasol, INEOS Styrolution, JSR Corporation, Kraton, Kumho Petrochemical, LG Chem, RTP Company, TSRC, and Zeon.

Medical Styrenic Block Copolymers Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 10
  • Tables & Figures: 240
  • Countries covered: 18
  • Pages: 310
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