Growing Diversity in the Styrenic Polymers Market Attracts Various End-Use Industries: Transparency Market Research
By Business Wire News
In its newly published report, titled “Styrenic Polymers (Polystyrene (PS), Acrylonitrile Butadiene Styrene (ABS), Styrene Acrylonitrile (SAN), Methyl – Methacrylate Butadiene Styrene (MBS), Methyl- Methacrylate Acrylonitrile Butadiene Styrene (MABS), Styrene Methyl- Methacrylate (SMMA), Styrene Butadiene Styrene (SBS), Styrene Ethylene Butylene Styrene (SEBS) and Other Product Types) Market for Medical Applications- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 – 2020” Transparency Market Research states that styrenic polymers offer many desirable product characteristics, due to which it accounts for approximately one-fifth of the global market share in the medical polymers market.
The styrenic polymers market for medical applications has been categorized based on product type and global as well as regional demand for the period from 2014 to 2020, based on both volume (kilo tons) and revenue (US$ Mn).
The study report states that the global market for styrenic polymers is witnessing a high growth due to growing demand from different industries, especially the construction and packaging industries. In the medical industry, styrenic polymers are used in applications such as medical packaging, equipment housing, liquid delivery systems, tubes, bags, IV spikes, and connectors.
Some of the most common types of styrenic polymers include SAN, styrenic block copolymers, polystyrene, ABS such as SBS and SEBS. ABS is the most dominant co-polymer in the market for styrenic polymers and SAN is a precursor to ABS. Styrenic polymers such as SMMA, ABS, MABS, and MBS blends have maintained their specialty character for high-end medical applications as well.
Globally, the market for styrenic polymers is likely to grow at a 6.5% CAGR from 2014-2020. Asia Pacific is expected to be the fastest growing region in the global market for medical styrenic polymers, after North America.
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About Transparency Market Research
Transparency Market Research (TMR) is a U.S. based market intelligence company driven by high-pedigree consultants and researchers. TMR leverages its Syndicated Research, Custom Research, and Market Consulting expertise to help businesses make accurate decisions. TMR’s exclusive blend of quantitative forecasting and trends analysis draws on proprietary data sources and techniques, while their data repository is continuously updated to reflect the latest trends.