Global
Medical Styrenic Block
Copolymer (SBC) Market was worth USD 7,134 million in 2021 and is anticipated to
register a CAGR of 4.5% over the forecast duration 2022-2030, thereby reaching
a valuation of USD 11,076 million by the end of the analysis timeline.
Two-phase soft and hard component blocks make up
styrene-butadiene copolymer. End blocks made of styrene are thermoplastic, but
middle blocks made of butadiene are elastomeric. Due to its capacity to
physically cross-link in the structure, this type of elastomer behaves like
rubber while acting like plastic. The crosslinks in these materials maintain
their original size & shape when stretched. According to reports, the raw
materials for the chemical are butadiene, isoprene, and styrene. Numerous
industries, including the production of soft elastomers, asphalt modification,
and stiff thermoplastic impact modification, use it.
High-performance thermoplastic elastomers called styrenic
block copolymers (SBCs) are designed to enhance the performance capabilities of
a wide range of end products and applications. Styrene-butadiene-styrene block
copolymers (SBS), styrene-isoprene-styrene block copolymers (SIS), and
styrene-ethylene-butylene-styrene block copolymers are the three main forms of
SBC (SEBS).
Global
Medical Styrenic Block Copolymer (SBC) Market- Segment analysis
By
Product
•
Styrene Ethylene Butadiene Styrene
•
Styrene Isoprene Butadiene
•
Styrene-Butadiene-Styrene
The styrene-butadiene styrene segment is anticipated to
amplify with a CAGR of 7.5% over the forecast duration. This is attributable to
the widespread usage of this component in manufacturing various types of
medical devices owing to its high durability, easy availability, and cost
effective nature. Besides, it is also used as a replacement for natural rubber
across several end use industries including medical.
By
Application
•
Tubing
•
Medical Bags
•
Equipment
•
Packaging & Diagnostics Products
•
Wound Care
The tubing segment is projected to record notable growth over
the stipulated timeline as medical device manufacturers are replacing
phthalates with styrenic block copolymers in tube production as they are safe
and offer benefits such as low drug absorption, temperature resistance,
flexibility, durability, elasticity, and better clarity.
Global
Medical Styrenic Block Copolymer (SBC) Market- Regional Landscape
Considering the geographical terrain, North America, Asia
Pacific, Europe, Latin America, and Middle East & Africa are the major
benefactors to global medical styrenic block copolymer (SBC) market expansion.
Asia Pacific market is projected to grow substantially over the analysis
timeline attributable to population expansion, increasing healthcare
expenditure in nations like India and China, and rising investments from
private and public entities for the improvement of healthcare infrastructure
across the region.
Alongside, favorable government initiatives to cater to
healthcare development across various nations in the region is further adding
to industry progression.
Top Key
Players:-
·
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
·
BASF SE.
·
Dynasol Group
·
TSRC Corporation
·
Zeon Corporation
·
Kraton Corporation
·
Trinseo S.A
·
En Chuan Chemical Industries Co. Ltd
·
Versalis S.p.A.
·
HEXPOL AB
·
CHIMEI
·
INEOS Styrolution Group GmbH
·
Momentive Performance Materials Inc.
·
Chevron Phillips
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Frequently
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1.
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styrenic block copolymer (SBC) market?
2.
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3.
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4.
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