The medical plastics market has expanded significantly over the years, due to a major drive to replace traditional metallic medical devices with polymers that can be processed easily. Styrenic polymers account for approximately one-fifth of the global medical polymers market. Polymers containing styrene as the main building block are termed styrenic polymers. Styrene is a downstream derivative of petroleum. It is manufactured from benzene and ethylene. Polystyrene is the most common styrenic polymer. It is also a commodity thermoplastic. Polystyrene is used in various industries such as the medical and healthcare industry. Styrenic copolymers exhibit a variety of physical and chemical properties, depending upon other monomer or monomers in the styrenic polymer chain. Styrenics gain different polymeric properties through alteration of the co-monomers and levels of co-monomers along with impact modifiers, which are used to manufacture styrenic polymers for medical applications. Properties such as opacity, transparency, thermal resistance, crack resistance, chemical resistance and mechanical resistance depend upon the types and levels of feedstock used.
Styrenic polymers are used in the medical industry for medical device applications such as equipment housing, tubes, bags, connectors, liquid delivery systems, IV spikes, and medical packaging. The most common styrenic polymers that are used for medical device manufacturing and packaging include polystyrene, ABS, SAN and styrenic block copolymers such as SBS and SEBS. Specialty styrenic polymers such as MABS, MBS and SMMA are also used in similar applications where requirements for special characteristics are high. For instance, MABS exhibits physical characteristics similar to ABS, albeit with improved crack resistance and transparency. Polystyrene is the most used styrenic polymer in medical applications. ABS is one of the most important co-polymers that dominate the market for styrenics. ABS stands in crossroads between commodity plastics and engineered thermoplastics. Recent increase in the usage of ABS has resulted in partial commoditization of the plastic. SAN is a precursor to ABS; however, its usage is limited in the medical styrenic polymers market. Styrenics such as MABS, MBS, SMMA and ABS blends have maintained their specialty character. This trend is expected to continue in the near future as well. In terms of volume, the global styrenic polymers market for medical styrenics is likely to expand at a CAGR of 6.5% from 2014 to 2020.
Styrenic polymers offer several desirable product characteristics to cater to the diverse requirements of the medical industry. Styrenic materials can be processed to be rigid as well as flexible, as per end-user requirements. Owing to its flexibility, styrenic polymers offer unique advantages in design and development of medical devices and parts. Properties such as chemical inertness, unique bonding polarity, and physical and aesthetic properties boost the styrenic polymers market in medical applications. However, styrenic polymers are higher priced compared to other medical polymers such as polyvinyl chloride (PVC), and polyethylene (PE). This hampers the market from achieving higher growth, especially in price sensitive markets, to some extent.
North America accounted for the largest market share (39.9%) of styrenic polymers for medical applications in 2013. The styrenic polymers market for medical applications in North America was followed by Asia Pacific and Europe in 2013. Asia Pacific is likely to record the fastest growth in the global market for medical styrenics during the forecast period. Rapid increase in the geriatric population across the world coupled with constant improvement and innovation in the medical industry is projected to provide ample opportunity for the growth of styrenic polymers market for medical applications.
The global styrenic polymers market for medical applications is moderately concentrated in nature. Major companies operating in the market include Styrolution Group GmbH, Saudi Basic Industries Corporation, Chi Mei Corporation, LG Chem Ltd. and Kraton Polymers.
In 2013, Styrenic Polymers Market was valued at US$ 2.08 billion
Styrenic Polymers Market is expected to reach US$ 3.29 billion by 2020
Styrenic Polymers Market is estimated to rise at a CAGR of 7.5% during forecast period
North America is more attractive for vendors in the Styrenic Polymers Market
Key players of Styrenic Polymers Market are Styrolution Group GmbH, Saudi Basic Industries Corporation, Chi Mei Corporation, LG Chem Ltd. and Kraton Polymers
1. Preface
1.1. Research Description
1.2. Market Segmentation
1.2.1. Global Styrenic Polymers Market for Medial Applications, Segmentation by Product Segment and Region
1.3. Research Scope
1.3.1. Assumptions
1.4. Research Methodology
1.4.1. Abbreviations
2. Executive Summary
2.1. Global Styrenic Polymers Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
3. Styrenic Polymers Market for Medical Applications - Industry Analysis
3.1. Introduction
3.2. Value Chain Analysis
3.3. Market Drivers
3.3.1. Replacement of PVC Material Drives Market for Styrenic Polymers in Medical Applications
3.3.2. Paradigm Shift from Metallic Devices to Polymer Devices Propels Market for Medical Polymers (Including Styrenic Polymers)
3.4. Market Restraints
3.4.1. High Price of Styrenic Polymers Compared to Other Commodity Thermoplastics Somewhat Restrains the Price Sensitive Market
3.5. Market Opportunities
3.5.1. Increasing Geriatric Population Coupled with Advancements in Medical Technology
3.5.2. Attractive Growth Opportunity for Medical and Healthcare Market in Emerging Economies
3.6. Porter’s Five Forces Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat from Substitutes
3.6.5. Degree of Competition
3.7. Global Styrenic Polymers for Medical Applications - Market Attractiveness Analysis
3.7.1. Global Styrenic Polymers for Medical Applications - Market Attractiveness Analysis, 2013
3.8. Global Styrenic Polymers Market for Medical Applications - Company Market Share Analysis
3.8.1. Global Styrenic Polymers Market for Medical Applications: Company Market Share Analysis, 2013
4. Styrenic Polymers Market for Medical Application – Product Segment Analysis
4.1. Global Styrenic Polymers Market for Medical Applications: Product Segment Overview
4.1.1. Global Styrenic Polymers Market for Medical Applications, Volume Share, by Product Segment, 2013-2020
4.2. Polystyrene
4.2.1. Global Polystyrene Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
4.3. Acrylonitrile Butadiene Styrene (ABS)
4.3.1. Global ABS Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
4.4. Styrene Acrylonitrile (SAN)
4.4.1. Global SAN Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
4.5. Methyl Methacrylate Butadiene Styrene (MBS)
4.5.1. Global MBS Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
4.6. Methyl Methacrylate Acrylonitrile Butadiene Styrene (MABS)
4.6.1. Global MABS Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
4.7. Styrene Methyl Methacrylate (SMMA)
4.7.1. Global SMMA Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
4.8. Styrene Butadiene Styrene(SBS)
4.8.1. Global SBS Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
4.9. Styrene Ethylene Butylene Styrene(SEBS)
4.9.1. Global SEBS Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
4.10. Others (Including ASA, SIBS, and UPR)
4.10.1. Global Other Styrenics Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
5. Styrenic Polymers Market for Medical Applications - Regional Analysis
5.1. Global Styrenic Polymers Market for Medical Applications: Regional Overview
5.1.1. Global Styrenic Polymers Market for Medical Applications, Volume Share, by Region, 2013-2020
5.2. North America
5.2.1. North America Styrenic Polymers Market for Medical Applications, Volumes by Product Segment, 2013-2020 (Kilo Tons)
5.2.2. North America Styrenic Polymers Market for Medical Applications, Revenues by Product Segment, 2013-2020 (US$ Mn)
5.3. Europe
5.3.1. Europe Styrenic Polymers Market for Medical Applications, Volumes by Product Segment, 2013-2020 (Kilo Tons)
5.3.2. Europe Styrenic Polymers Market for Medical Applications, Revenues by Product Segment, 2013-2020 (US$ Mn)
5.4. Asia Pacific
5.4.1. Asia Pacific Styrenic Polymers Market for Medical Applications, Volumes by Product Segment, 2013-2020 (Kilo Tons)
5.4.2. Asia Pacific Styrenic Polymers Market for Medical Applications, Revenues by Product Segment, 2013-2020 (US$ Mn)
5.5. Rest of the World (RoW)
5.5.1. RoW Styrenic Polymers Market for Medical Applications, Volumes by Product Segment, 2013-2020 (Kilo Tons)
5.5.2. RoW Styrenic Polymers Market for Medical Applications, Revenues by Product Segment, 2013-2020 (US$ Mn)
6. Company Profiles
6.1. Styrolution Group GmbH
6.2. Americas Styrenics LLC
6.3. Styron LLC (Trinseo S.A.)
6.4. Saudi Basic Industries Corporation
6.5. Chi Mei Corporation
6.6. Kraton Polymers LLC
6.7. INEOS ABS (USA) Corporation
6.8. Chevron Phillips Chemical Company LLC
6.9. Bayer MaterialScience AG
6.10. Nova Chemicals Corporation
6.11. LG Chem Ltd
List of Tables
TABLE 1: Global Styrenic Polymers Market for Medical Applications, Snapshot
TABLE 2: Drivers for the Styrenic Polymers Market for Medical Applications - Impact Analysis
TABLE 3: Qualitative Comparison Between Various Medical Device Materials
TABLE 4: Restraints for Styrenic Polymers Market for Medical Applications - Impact Analysis
TABLE 5: North America Styrenic Polymers Market for Medical Applications, Volumes by Product Segment, 2013-2020 (Kilo Tons)
TABLE 6: North America Styrenic Polymers Market for Medical Applications, Revenues by Product Segment, 2013-2020 (US$ Mn)
TABLE 7: Europe Styrenic Polymers Market for Medical Applications, Volumes by Product Segment, 2013-2020 (Kilo Tons)
TABLE 8: Europe Styrenic Polymers Market for Medical Applications, Revenues by Product Segment, 2013-2020 (US$ Mn)
TABLE 9: Asia Pacific Styrenic Polymers Market for Medical Applications, Volumes by Product Segment, 2013-2020 (Kilo Tons)
TABLE 10: Asia Pacific Styrenic Polymers Market for Medical Applications, Revenues by Product Segment, 2013-2020 (US$ Mn)
TABLE 11: RoW Styrenic Polymers Market for Medical Applications Volumes by Product Segment, 2013-2020 (Kilo Tons)
TABLE 12: RoW Styrenic Polymers Market for Medical Applications, Revenues by Product Segment, 2013-2020 (US$ Mn)
List of Figures
FIG. 1: Global Styrenic Polymers Market for Medial Applications, Segmentation by Product Segment and Region
FIG. 2: Global Styrenic Polymers Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
FIG. 3: Global Styrenic Polymers Market for Medical Applications - Value Chain Analysis
FIG. 4: Price Trend of Major Plastics in Medical Applications, 2010-2014 (US$/Kg)
FIG. 5: Percentage of Population over 65 Years of Age in Major Economies
FIG. 6: Per Capita Spending on Healthcare in 2012 (US$)
FIG. 7: Porter’s Five Forces Analysis
FIG. 8: Global Styrenic Polymers for Medical Applications - Market Attractiveness Analysis
FIG. 9: Global Styrenic Polymers Market for Medical Applications: Company Market Share Analysis, 2013
FIG. 10: Global Styrenic Polymers Market for Medical Applications, Volume Share, by Product Segment, 2013-2020
FIG. 11: Global Polystyrene Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
FIG. 12: Global ABS Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
FIG. 13: Global SAN Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
FIG. 14: Global MBS Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
FIG. 15: Global MABS Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
FIG. 16: Global SMMA Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
FIG. 17: Global SBS Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
FIG. 18: Global SEBS Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
FIG. 19: Global Other Styrenics Market for Medical Applications, 2013-2020 (Kilo Tons) (US$ Mn)
FIG. 20: Global Styrenic Polymers Market for Medical Applications, Volume Share, by Region, 2013-2020
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