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Medical Styrenic Block Copolymers (SBC) Market Size

Report ID: GMI5102
Published Date: Nov 2022
Report Format: PDF

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Medical Styrenic Block Copolymers Market Size

Medical Styrenic Block Copolymers Market size was valued at over USD 600 million in 2022 and is poised to depict more than 7% CAGR from 2023 to 2032. The emerging health concerns and noticeable surge in demand for respiratory devices, oxygen masks, and other medical equipment will boost the demand for medical SBC over the forecast period.

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Styrenic block polymers, especially polypropylene (PP), depict high clarity, durability, resilience, superior flexibility, and tensile strength. These characteristics make them suitable for utilization in a variety of medical and healthcare products, including transparent medical bottles, stoppers, syringes, vials, medical tubing, medical IV bags, ventilators, oxygen masks, etc.

Besides, the increasing healthcare investments triggered by the onset of fatal health calamities such as COVID-19 and the subsequent rise in the uptake of medical equipment for preventive therapies will further stimulate industry revenue streams.

Medical Styrenic Block Copolymers Market Report Attributes
Report Attribute	Details
Base Year:	2022
Medical Styrenic Block Copolymers Market Size in 2022:	USD 620 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	7%
2032 Value Projection:	USD 1.2 Billion
Historical Data for:	2018 to 2022
No. of Pages:	240
Tables, Charts & Figures:	200
Segments covered:	Product, Application
Growth Drivers:	North America: Rising demand for oxygen mask, respiratory devices and other medical equipment Europe: Shifting trends in minimizing PVC to reduce health issues
Pitfalls & Challenges:	Challenges in achieving performance comparable to that of PVC-based medical equipment and optimizing manufacturing expenses

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Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Global medical SBC market was worth over USD 600 million in 2022 and is predicted to exhibit more than 7% CAGR from 2023 to 2032 due to a considerable rise in demand for respiratory devices, oxygen masks, and other medical equipment escalated by rising healthcare concerns.

The Styrene Ethylene Butylene Styrene (SEBS) segment is poised to garner over USD 450 million by 2032 driven by the increasing utilization of SEBS in manufacturing several medical devices and equipment such as comprising tourniquets, surgical covers, blood separators, infusion tubes, rubber stoppers, etc.

The North America medical SBC market is poised to be valued at over USD 500 million by 2032 owing to the strong competitive landscape and rapid transition toward SBC-based medical equipment.

Prominent enterprises in the medical Styrenic block copolymers market are Kraton Corporation, TSRC Corporation, China Petroleum & Chemical Corporation, LG Chem, Dynasol Group, Asahi Kasei Corporation, Kumho Petrochemical, LCY Chemical Corp, INEOS Styrolution Group GmbH, JSR Corporation, RTP Company, Zeon Corporation, En Chuan Chemical Industries Co., Ltd., and Trinseo SA.