Market Research Reports

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

80pages
Published Date: 2015-01-22

Description



This report analyzes and forecasts the styrenic polymers market for medical applications on a global and regional level. The study provides historical data of 2013 along with forecast for the period from 2014 to 2020 based on volume (kilo tons) and revenue (US$ Mn). 

The study provides a decisive view of the styrenic polymers market for medical applications by segmenting it based on product type and regional demand. Product segments have been analyzed based on current and future trends, and the market has been estimated for a period from 2014 to 2020 in terms of volume (kilo tons) and revenue (US$ Mn). Regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, and Rest of the World (RoW). The segmentation also includes demand for individual product segments in all the regions.

The study covers the drivers and restraints governing the dynamics of the market along with their impact on demand during the forecast period. Additionally, the report comprises potential opportunities in the styrenic polymers market for medical applications on the global and regional level. We have included a detailed value chain analysis in order to provide a comprehensive view of the medical styrenic polymers market. Analysis of Porter’s Five Forces model has also been included to help understand the competitive landscape in the market. The study encompasses market attractiveness analysis, wherein product segments have been benchmarked based on their market size, growth rate, and general attractiveness for future growth.

The market has been forecast based on constant currency rates. Prices of medical grade styrenic polymers vary in each region. Hence, a similar volume-to-revenue ratio does not follow for each individual region. The same price for each product type has been taken into account while estimating and forecasting market revenue on the global basis. Regional average price has been considered while breaking down this market by product segments in each region. 

The report provides the market size of styrenic polymers for medical applications for 2013 and the forecast for the next seven years up to 2020. The size of the global styrenic polymers market for medical applications is provided in terms of both volume and revenue. Market volumes are defined in kilo tons, while market revenue for regions is in US$ Mn. The market size and forecast for each product segment is provided in the context of global and regional markets. Numbers provided in this report are derived based on demand for different styrenic polymers, their global production, and applicability in the medical industry. Market dynamics for commodity styrenics, engineering styrenic polymers, and specialty styrenics have been accounted for to arrive at the market estimates for medical applications

Market estimates for this study have been based on volumes, with revenue being derived through regional pricing trends. The price for commonly utilized grades of styrenic polymers in medical applications has been considered, and the customized product pricing has not been included. Demand for styrenic polymers in medical applications has been derived by analyzing the global and regional demand for medical plastics. The styrenic polymers market for medical applications has been analyzed based on expected demand. Market data for each segment is based on demand volumes and corresponding revenues. Prices considered for calculation of revenue are average regional prices obtained through primary quotes from numerous regional suppliers, distributors, and direct selling regional producers, based on manufacturer feedback and application requirement. Forecasts have been based on expected demand from styrenic polymer product segments. The recent dip in petroleum price has been considered while estimating market prices for different styrenic copolymers. Petroleum prices are likely to return to pre-dip levels over a period of two to three years, resulting in price rebound of styrenics during the forecast period. We have used the bottom-up approach by considering individual product segments and integrating these to arrive at the global market. Product segments have been further bifurcated using the top-down approach to derive the regional product market consumption.

The report covers a detailed competitive outlook including the market share and company profiles of key participants operating in the global market. Key players profiled in the report include Styrolution Group GmbH, Saudi Basic Industries Corporation, Chi Mei Corporation, Chevron Phillips Chemical Company LLC, LG Chem Ltd., and Styron LLC (Trinseo S.A.). Company profiles include attributes such as company overview, brand overview, financial overview (in terms of financial year), business strategy, and recent/key developments.

Styrenic Polymers Market for Medical Applications - Product Segment Analysis
  • 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)
  • Others (Including Unsaturated Polyester Resins (UPR), Acrylonitrile Styrene Acrylate (ASA), Styrene Isoprene Butadiene Styrene (SIBS), etc.)
Styrenic Polymers Market for Medical Applications - Regional Analysis
  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Table of Contents



Chapter 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

Chapter 2 Executive Summary
2.1 Global Styrenic Polymers Market for Medical Applications, 2013 – 2020 (Kilo Tons) (US$ Mn)

Chapter 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

Chapter 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)

Chapter 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)

Chapter 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 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

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)

Free Market Analysis


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.

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