The global demand for SBCs in medical equipments and diagnostic products is estimated to grow at a CAGR of 6% from 2012 to 2018. In terms of revenues, the market is expected to reach USD 95.9 million by 2018.
Albany, NY -- (SBWIRE) -- 07/07/2016 -- Styrenic block copolymers (SBCs) are high-performance thermoplastic elastomers engineered to enhance the performance capabilities of a wide spectrum of end products and applications. SBCs are high performance materials with superior physical and chemical properties which make them suitable for use in various end use industries including the medical industry. SBCs possess the mechanical properties of rubbers, and the processing characteristics of thermoplasts. Styrenic block copolymers are made by anionic polymerisation with an organometallic catalyst, such as butyllithium, as initiator. Growing trend of replacing PVC with environment-friendly compounds has resulted in a surge in SBC demand for medical and healthcare applications.
This report analyzes the demand for Styrenic block copolymers exclusively for the medical and healthcare industry in terms of volumes as well as revenues from 2011 to 2018. Key market dynamics including drivers, restraints, opportunities, product trends along with their expected impact have been covered in detail in this study.
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The study provides a comprehensive picture of the SBC industry by segmenting key SBCs used in the medical industry, namely styrene ethylene butylene styrene (SEBS), styrene butadiene styrene (SBS) and other SBCs (including SIBS). Each of these segments has been analyzed for the period from 2011 to 2018. The report also estimates and forecasts various applications of SBCs in the medical industry from 2011 to 2018. The report separately highlights the regulations laid down by various regulatory bodies regarding the use of plastics for the medical industry in particular.
The report also provides a holistic approach of the SBC value chain from the raw material manufacturer to the end user. In addition it also analyzes the higher value added SBC applications such as medical and healthcare, product types and their potential users. The study uses Porter's five forces analysis as a tool to provide better understanding of the global market in terms of suppliers, buyers, competition and threats from substitutes and new entrants. The report includes a special chapter dedicated to evaluate the potential compounds which may pose a threat to SBCs as well as other high-end TPEs in the medical sector.
The study includes a broad competitive landscape including company market share of the global SBC market, to company profiles of the major participants. The company profiles include attributes such as company overview, financial overview, business strategy, SWOT analysis and recent developments Key market participants profiled in this report include Sinopec, Kraton, LCY Chemical, Dynasol, TSRC, LG Chemicals, PolyOne Corporation and so on. Major medical device manufacturers include big multinational companies such as Johnson & Johnson, Siemens Healthcare, GE Healthcare, Baxter International, Medtronic, Philips Healthcare, Covidien and so on.
For research, we conducted in-depth interviews and discussions with numerous key industry participants and opinion leaders. Primary research represents the bulk research effort coupled with extensive secondary research. We reviewed key players' annual reports, product portfolio, press releases and relevant documents for competitive analysis and better understanding of the market. Secondary research includes in-depth research on current trends, technical writing, recent trades, internet sources, trade associations, statistical data from government websites and associated authorized agency websites. This has proved to be the most successful, effective and reliable approach for obtaining concise data, capturing industry participants' insights and recognizing opportunities and growth.
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The market estimates for this study have been based on volumes, with revenues being derived through regional pricing trends. The price for each of the materials mentioned in the report has been considered, and customized product pricing has not been included. Additionally, the market has been analyzed based on expected demand and the market data for each segment is based on demand volumes and corresponding revenues. The prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors and direct selling regional producers. Furthermore, the market data is based on current information. However, presence of a large number of domestic manufacturers in China and India may cause variation in forecast by a small margin. The forecasts have been based on expected demand from application segments.
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