#Global Styrenic Polymers for Medical Applications Industry 2021
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Plastic Resin Market: Key Trends and Innovations Driving Industry Growth
The global plastic resin market size is expected to reach USD 1.07 trillion by 2030, according to a new report by Grand View Research, Inc. It is projected to expand at a 4.5% CAGR over the forecast period. The increasing consumption of plastic resins in construction, automotive, electrical, and electronics applications is boosting the market growth. Government intervention to reduce overall vehicle weight to improve fuel efficiency and reduce carbon emissions has prompted automakers to use resins to replace steel and aluminum in automotive components.
Favorable federal regulations on CO2 emissions set by agencies such as the National Highway Traffic Safety Administration and the Environmental Protection Agency (EPA), as well as EU initiatives to develop plastics applications for light-weight and fuel-efficient cars, are expected to fuel global growth and promote the market. However, the ongoing health crisis and the lockdown imposed by various governments to contain the spread of the coronavirus pandemic have led to a decline in the consumption of plastic resins. It is expected to further negatively impact the market growth in the years to come.
Strict restrictions governing the recyclability and deterioration of traditional building materials like metal and wood are likely to boost the demand for textiles in pipes, windows, cables, storage tanks, and other uses. Plastics are long-lasting and energy-efficient, as well as cost-effective and safe, which encourages their usage in construction. The global market is segmented into crystalline resin, non-crystalline resin, engineering plastics, and super engineering plastics by type. The crystalline resin was the largest segment, accounting for 61.9% of global sales in 2021. The crystalline resin segment mainly includes epoxy, polyethylene, and polypropylene resins.
Gather more insights about the market drivers, restrains and growth of the Plastic Resin Market
Plastic Resin Market Report Highlights
• Crystalline resins (epoxy, polyethylene, and propylene) segment accounted for a prominent share in the market by the end of 2023 and is further expected to witness maximum growth over the forecast period
• As of 2023, China accounted for the maximum revenue share in the market, with 40.24%. Rising consumer disposable income in the country and ascending demand for luxury cars are expected to have a positive impact on the automotive industry
• The advent of bio-based plastic resins has played a prominent role in food and beverage, and pharmaceutical applications. Polymers such as PET and PC are increasingly utilized in the beverages packaging and consumer goods sector
Plastic Resin Market Segmentation
Grand View Research has segmented the global plastic resin market report based on product, application, and region:
Plastic Resin Product Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
• Crystalline Resin
o Epoxy
o Polyethylene
o Polypropylene
• Non-crystalline Resin
o Polyvinyl Chloride (PVC)
o Polystyrene (PS)
o Acrylonitrile Butadiene Styrene (ABS)
o Polymethyl Methacrylate (PMMA)
• Engineering Plastic
o Nylon
o Polybutylene Terephthalate (PBT)
o Polycarbonate (PC)
o Polyamide
• Super Engineering Plastic
o Polyphenylene Sulfide (PPS)
o Polyether Ether Ketone (PEEK)
o Liquid Crystal Polymer (LCP)
Plastic Resin Application Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
• Packaging
o Food
o Beverage
o Medical
o Retail
o Others
• Automotive
• Construction
• Electrical & Electronics
o OA Equipment & Home Appliances
o Electronic Materials
o Others
• Logistics
• Consumer Goods
• Textiles & Clothing
o Clothing
o Industrial use
o Others
• Furniture & Bedding
• Agriculture
• Medical Devices
• Others
Plastic Resin Regional Outlook (Volume, Tons; Revenue, USD Million, 2018 - 2030)
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o U.K.
o France
o Italy
o Poland
o Spain
• China
• Asia
o India
o Japan
o Thailand
o Malaysia
o Indonesia
o Vietnam
o Singapore
o Philippines
• Pacific
• Central & South America (MEA)
o Brazil
o Argentina
• Middle East and Africa (MEA)
o Saudi Arabia
o UAE
o Oman
Order a free sample PDF of the Plastic Resin Market Intelligence Study, published by Grand View Research.
#Plastic Resin Market#Plastic Resin Market Size#Plastic Resin Market Share#Plastic Resin Market Analysis#Plastic Resin Market Growth
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Global Top 8 Companies Accounted for 88% of total High Solids (Great than 60%) SBR market (QYResearch, 2021)
Styrene-butadiene (SB) latex is a common type of emulsion polymer used in a number of industrial and commercial applications. Because it’s composed of two different types of monomers, styrene and butadiene, SB latex is classified as a copolymer.
This report studies the market for products with a total solids content above 60.
According to the new market research report “Global High Solids (Great than 60%) SBR Market Report 2023-2029”, published by QYResearch, the global High Solids (Great than 60%) SBR market size is projected to reach USD 0.12 billion by 2029, at a CAGR of 3.2% during the forecast period.
Figure. Global High Solids (Great than 60%) SBR Market Size (US$ Million), 2018-2029
Figure. Global High Solids (Great than 60%) SBR Top 8 Players Ranking and Market Share (Ranking is based on the revenue of 2022, continually updated)
The global key manufacturers of High Solids (Great than 60%) SBR include Synthomer, Goodyear Tire and Rubber Company, BASF, Kumho Petrochemical, Versalis (Eni), etc. In 2022, the global top four players had a share approximately 88.0% in terms of revenue.
About QYResearch
QYResearch founded in California, USA in 2007.It is a leading global market research and consulting company. With over 16 years’ experience and professional research team in various cities over the world QY Research focuses on management consulting, database and seminar services, IPO consulting, industry chain research and customized research to help our clients in providing non-linear revenue model and make them successful. We are globally recognized for our expansive portfolio of services, good corporate citizenship, and our strong commitment to sustainability. Up to now, we have cooperated with more than 60,000 clients across five continents. Let’s work closely with you and build a bold and better future.
QYResearch is a world-renowned large-scale consulting company. The industry covers various high-tech industry chain market segments, spanning the semiconductor industry chain (semiconductor equipment and parts, semiconductor materials, ICs, Foundry, packaging and testing, discrete devices, sensors, optoelectronic devices), photovoltaic industry chain (equipment, cells, modules, auxiliary material brackets, inverters, power station terminals), new energy automobile industry chain (batteries and materials, auto parts, batteries, motors, electronic control, automotive semiconductors, etc.), communication industry chain (communication system equipment, terminal equipment, electronic components, RF front-end, optical modules, 4G/5G/6G, broadband, IoT, digital economy, AI), advanced materials industry Chain (metal materials, polymer materials, ceramic materials, nano materials, etc.), machinery manufacturing industry chain (CNC machine tools, construction machinery, electrical machinery, 3C automation, industrial robots, lasers, industrial control, drones), food, beverages and pharmaceuticals, medical equipment, agriculture, etc.
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Decoding the Global Medical Styrenic Polymer Market: A Real Talk
Alright, folks, let’s cut through the jargon and get straight to the nitty-gritty of the Global Medical Styrenic Polymer Market. No frills, no fancy metaphors — just the facts, served with a side of straight talk. We’re delving into a report that promises insights into the world of polymers, applications, and market dynamics. So, put on your serious hats, and let’s dive in.
The Styrenic Scoop:
In a world where styrenic polymers are calling the shots in the healthcare industry, we find ourselves in the thick of things. The report spills the beans — the global market is set to jump from USD 3.58 billion in 2021 to a hefty USD 5.89 billion by 2030, strutting its stuff with a CAGR of 5.7%.
Polymer Power Play:
Now, let’s talk polymers — Polystyrene, Acrylonitrile Butadiene Styrene (ABS), and Styrene Acrylonitrile (SAN). Polystyrene takes the lead, thanks to its cost-effectiveness, clarity, and ease of processing. But watch out, ABS is the dark horse, coming in hot with toughness, impact resistance, and heat resistance. It’s giving Polystyrene a run for its money.
Applications in the Limelight:
Medical Devices are stealing the show in the application department. They’re partnering up with various polymers like Polystyrene, ABS, and SAN, demanding lightweight, durable, and cost-effective materials. But wait, here comes the underdog, Drug Delivery Systems, shimmying onto the stage as the fastest-growing segment with versatility and tailored properties.
Regional Reality Check:
North America, the big shot of the medical styrenic polymer realm, is flexing its muscles with a well-established healthcare infrastructure and robust regulatory frameworks. Meanwhile, the Asia-Pacific region is the rising star, grabbing attention with its growing population and increasing healthcare expenditure. It’s a global showdown, and everyone’s got a seat at the table.
Driving and Slamming the Brakes:
Hold on tight, we’re about to hit the gas! The demand for lightweight and cost-effective materials is taking center stage, flaunting the unique properties of styrenic polymers — biocompatibility, clarity, and ease of processing. Add in the rising prevalence of chronic diseases, and you’ve got a recipe for success. But, and there’s always a but, stringent regulatory standards and compliance requirements are playing party pooper, throwing a wrench into the works.
The Players in the Arena:
Let’s give a nod to the key players — the heavyweights, if you will. From Styrolution group GmbH to BASF, Trinseo to SABIC, these players are duking it out for market share, creating an environment filled with pricing pressures and dynamic challenges. Recent developments spice things up, with INEOS Styrolution divesting its shareholding stake in INEOS Styrolution India, and BASF making strategic moves in Indonesia.
For More Information: https://www.skyquestt.com/report/medical-styrenic-polymer-market
Trends to Keep an Eye On:
Sustainability is taking center stage as market players strive to develop eco-friendly styrenic polymers, jumping on the environmental responsibility bandwagon. Research and development are stealing the limelight, with companies working tirelessly to enhance the performance and biocompatibility of styrenic polymers, keeping up with the ever-changing needs of the healthcare sector.
Conclusion: The Lowdown
As we wrap things up, the Global Medical Styrenic Polymer Market leaves us with a reality check — poised for growth, challenges, and a dash of sustainability. The interplay of driving forces, restraining challenges, regional dynamics, and market trends paints a picture that’s not all rainbows and unicorns. So, here’s to the no-nonsense world of medical styrenic polymers — a show that promises growth, innovation, and a touch of practicality.
About Us-
SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals.
Contact Us-
SkyQuest Technology Consulting Pvt. Ltd.
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 617–230–0741
Email- [email protected]
Website: https://www.skyquestt.com
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Navigating the Styrenic Seas: A Peek into the Global Medical Styrenic Polymer Market
Welcome, curious minds, to the intriguing world of medical styrenic polymers! Forget about your daily dose of caffeine; we’re here to explore the caffeinated growth of the Global Medical Styrenic Polymer Market. So, buckle up, and let’s dive into the report that promises to take you on a rollercoaster ride through the fascinating realms of polymer, application, functionality, and everything in between.
The Styrenic Saga:
In a world where styrenic polymers play a pivotal role in the healthcare industry, we find ourselves entangled in a web of growth, innovation, and stringent regulations. The report, a beacon in this maze, reveals that the global market is set to soar from USD 3.58 billion in 2021 to a whopping USD 5.89 billion by 2030, flexing its growth muscles at a CAGR of 5.7%.
Polymers, Applications, and the Dance of Growth:
The stage is set, and the spotlight is on the polymers — Polystyrene, Acrylonitrile Butadiene Styrene (ABS), and Styrene Acrylonitrile (SAN). Polystyrene takes center stage, donning the crown of popularity with its cost-effectiveness, clarity, and the ability to process with ease. However, ABS, the dark horse, emerges as the fastest-growing segment, charming the audience with its toughness, impact resistance, and heat resistance. Move over, Polystyrene; ABS is here to steal the show!
Meanwhile, in the application arena, Medical Devices lead the dance, twirling gracefully with various polymers like Polystyrene, ABS, and SAN. The demand for lightweight, durable, and cost-effective materials in medical device manufacturing waltzes its way to dominance. But wait, the Drug Delivery Systems step in, claiming the title of the fastest-growing segment, as they tango with versatility and tailored properties.
Regional Dynamics: A Symphony of Growth:
North America, the maestro of the medical styrenic polymer orchestra, takes the lead with its well-established healthcare infrastructure and robust regulatory frameworks. Meanwhile, the Asia-Pacific region, the rising star, steals the spotlight with its growing population and increasing healthcare expenditure. It’s a global dance, and everyone’s invited!
The Dynamics of Dynamics:
Driving and Restraining Forces:
Hold on to your hats; we’re about to experience the driving forces! The demand for lightweight and cost-effective materials takes the center stage, flaunting the unique properties of styrenic polymers — biocompatibility, clarity, and ease of processing. The rising prevalence of chronic diseases adds a dramatic touch, fostering the adoption of these polymers in the creation of innovative medical solutions.
And now, the inevitable plot twist — the restraining forces! Stringent regulatory standards and compliance requirements play the antagonist, posing a challenge for market participants. The healthcare sector demands adherence to strict safety and quality standards, and any deviations can disrupt the approval and adoption of medical devices or materials.
For More Information: https://www.skyquestt.com/report/medical-styrenic-polymer-market
Players in the Spotlight:
The Styrenic Superstars:
The stage wouldn’t be complete without the spotlight on the key players, the Styrenic Superstars, if you will. From Styrolution group GmbH to BASF, Trinseo to SABIC, these players engage in an intense competition for market share, creating an environment fraught with pricing pressures and dynamic challenges. Recent developments add spicy plot twists, with INEOS Styrolution divesting its shareholding stake in INEOS Styrolution India and BASF making strategic moves in Indonesia.
Trends That Keep the Audience Hooked:
Sustainability takes center stage as market players strive to develop eco-friendly styrenic polymers, aligning with global initiatives for environmental responsibility. Research and development steal the limelight, with companies continuously working to enhance the performance and biocompatibility of styrenic polymers, addressing the evolving needs of the healthcare sector.
Conclusion: The Encore
As the curtains draw to a close, the Global Medical Styrenic Polymer Market leaves us on the edge of our seats, poised for sustained growth. The interplay of driving forces, restraining challenges, regional dynamics, and market trends creates a storyline that keeps us hooked. So, until the next act, let’s raise a toast to the fascinating world of medical styrenic polymers — a show that promises growth, innovation, and a dash of sustainability.
And there you have it — your front-row ticket to the medical styrenic polymer extravaganza! Until next time, stay curious, stay stylish, and keep embracing the ever-evolving world of polymers with a touch of flair.
About Us-
SkyQuest Technology Group is a Global Market Intelligence, Innovation Management & Commercialization organization that connects innovation to new markets, networks & collaborators for achieving Sustainable Development Goals.
Contact Us-
SkyQuest Technology Consulting Pvt. Ltd.
1 Apache Way,
Westford,
Massachusetts 01886
USA (+1) 617–230–0741
Email- [email protected]
Website: https://www.skyquestt.com
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Acrylonitrile Butadiene Styrene Market Analysis 2023-2033
Global Acrylonitrile Butadiene Styrene Market Key Insights
During the forecast period of 2023~2033, the acrylonitrile butadiene styrene market is expected to reach an estimated value of ~USD 43 billion by the end of 2033 by expanding at a CAGR of ~6%. Further, the market generated a revenue of ~USD 27 Billion in the year 2022. The immense opportunity for the development of the sports sector is estimated to boost the market growth in the coming years.
Market Definition of Acrylonitrile Butadiene Styrene
Acrylonitrile butadiene styrene(ABS), with the chemical formula (C8H8)x, (C4H6)y, and (C3H3N)z, is a popular thermoplastic polymer. About 105 °C (221 °F) is the temperature at which it transitions to glass. Since ABS is amorphous, it possesses a proper melting point. Styrene and acrylonitrile are polymerized with polybutadiene to create ABS, a terpolymer. Additionally, injection molding frequently uses the thermoplastic polymer acrylonitrile butadiene styrene. Owing to its low production cost and simplicity of machining, this engineering plastic is one of the most widely used thermoplastic polymers. Along with these useful qualities, it also has good high- and low-temperature performance, chemical and impact resistance, structural strength, and stiffness.
Global Acrylonitrile Butadiene Styrene Market: Growth Drivers
The growth of the global acrylonitrile butadiene styrene market can majorly be attributed to the increasing usage of the product in the automobile, supported by the increasing investment by key market players in innovation and research and development. For instance, with the slogan “Designing Today for the Passengers of Tomorrow,” Covestro LLC began concentrating on the interior of cars at the VDI Congress on “Plastics in Automotive Engineering.” The company also unveiled three new polycarbonate mixes, including Bayblend T85 XAT, an antistatic and dust-free interior panel that can be used to meet a variety of requirements for usage in automobile interiors. On the other hand, the rising collaboration between major market players to increase product production and improve supply chains are estimated to boost market growth. For instance, in order to produce styrene monomer utilizing bio-based hydrocarbons (Neste RE) and its derivatives of mass balance renewable plastics, such as acrylonitrile butadiene styrene, or bio-ABS, CHIMEI Corporation worked with Mitsubishi Corporation to establish a renewable plastic supply chain.
The global acrylonitrile butadiene styrene market is also estimated to grow majorly on account of the following:
Rising demand in the medical industry
Growing construction sector
High use in apparatuses, auto ancillaries
Rising carbon dioxide emissions
Expanding automobile industry
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Global Acrylonitrile Butadiene Styrene Market: Restraining Factor
There are various alternatives available for acrylonitrile butadiene styrene such as ASA copolymers. They are less preferred as their price highly fluctuates as compared to other alternatives. Hence this factor is expected to be the major hindrance for the growth of the global acrylonitrile butadiene styrene market during the forecast period.
Global Acrylonitrile Butadiene Styrene Market Segmentation
By Applications (Appliances, Electrical & Electronics, Automotive, Building & Construction, Consumer Goods, Sports Equipment, Musical Instruments, And Others)
Given the increasing demand for appliances including safety helmets, sports equipment, vacuum cleaners, cellphones, and cameras, the appliances segment is predicted to have the biggest market size by the end of 2033. In 2021, headgear sales on an international scale totaled USD 4,612,295.
By Region
The Latin Americaacrylonitrile butadiene styrene market is anticipated to hold the largest market share by the end of 2033 among the market in all the other regions. The growth of the market can be attributed to the rising production and demand for lightweight vehicles. For instance, the number of lightweight vehicles, such as battery electric vehicles, sold in Latin America increased from 1,000 in 2018 to 9,000 in 2020. Moreover, the increasing investment in manufacturing lightweight vehicles and the rising demand for vehicles across the globe are predicted to boost the market growth.
The market research report on global acrylonitrile butadiene styrene also includes the market size, market revenue, Y-o-Y growth, and key player analysis applicable for the market in North America (U.S., and Canada), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), and Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa).
Key Market Players Featured in the Global Acrylonitrile Butadiene StyreneMarket
Some of the key players of the global acrylonitrile butadiene styrene market areAmpa Plastics Group (Pty) Ltd, 3M, Convestro LLC, INEOS AG, SABIC, BASF SE, CHIMEI Corporation, Asahi Kasei Corporation, Kumho Petrochemical, Formosa Chemicals & Fibre Corp.,and others.
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3D Printing Materials Market Size, Share, Report 2022-2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global 3D printing materials market size at USD 2.1 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the global 3D printing materials market size to grow at a robust CAGR of 17.6% reaching a value of USD 6.51 billion by 2029. Major growth drivers for global 3D printing materials market include an increasing need for polymers in 3D printing, a rising demand for mass customization, and government initiatives to encourage and facilitate the adoption of 3D printing. The global 3D printing market is expected to further expand due to the rising demand for 3D printing, as well as the increased demand for better quality materials in various industries such as automotive and aerospace. Also, the use of 3D printing reduces the risk of errors and is highly advantageous for production, leading to an increase in market growth during the forecast period. However, high cost of 3D printing materials, equipment, and maintenance and limited availability of high-quality and specialized 3D printing materials are anticipated to restrain the market growth during the period in analysis.
Global 3D Printing Materials Market - Overview
3D printing, also known as additive manufacturing, is a process that produces an object in three dimensions using 3D printing materials. Initially, simple thermoplastics and wax were used for 3D printing, but now, diverse materials in powder, liquid, and filament form are widely used. The automotive industry can drive market growth in the future by using technologies such as Fused Filament Fabrication (FFF) to create prototypes and end-use components. 3D printing materials and equipment allow speedy prototyping and find their end-users in creating molds, grips, and fixtures. The increasing demand for 3D printing from the aerospace and defense industries will drive 3D printing materials and equipment market share. It offers flexibility in product design and helps in producing highly detailed and sleek models.
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Impact of COVID-19 on Global 3D Printing Materials Market
COVID-19 adversely affected the global economy and caused uncertainty in all industries, including the 3D printing materials market. However, the healthcare sector experienced a surge in demand for medical equipment and devices required for COVID-19 treatment. This increased demand for medical equipment and personal protective equipment created opportunities for 3D printing companies globally. PLA and PETG materials were predominantly used to produce face shields due to their high resistance to temperature and weather conditions, contributing to the growing demand for 3D printing materials worldwide. In 2021, the global 3D printing materials market recovered due to the rising demand from the healthcare and industrial sectors worldwide. Hospitals and healthcare organizations are increasingly seeking environmentally friendly printing materials and 3D printers to produce critical equipment.
Global 3D Printing Materials Market – By Type
By type, the global 3D printing materials market is divided into Plastics, Metals, and Ceramics segments. The plastic type segment held the highest share in the global 3D printing materials market due to several factors. Plastic is a widely available and affordable material, making it a popular choice for 3D printing. Additionally, plastics offer a wide range of properties that make them suitable for various applications. For example, ABS (Acrylonitrile Butadiene Styrene) is commonly used for prototyping and functional parts due to its durability and resistance to impact. PLA (Polylactic Acid) is another popular plastic used in 3D printing due to its biodegradability and sustainability. Furthermore, advancements in 3D printing technology have made it possible to produce high quality plastic parts with complex geometries and intricate details, making it a preferred choice for a wide range of industries.
Competitive Landscape
Major players operating in the global 3D printing materials market include Stratasys, 3D Systems, Arkema, Royal DSM, EOS GmbH, Materialise NV, Evonik Industries AG, SABIC, BASF SE, CRP Technology Srl, EnvisionTEC, Solvay SA, HP Inc., Carbon Inc., and Dow Chemical Company. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
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Plastic Compounding Market Trends | Segmentation, Outlook, Industry Report to 2032
The global plastic compounding market is set to witness an impressive growth rate of 7.4% from 2022 to 2032. The plastic compounding market size is anticipated to reach a valuation of around US$ 163.9 Billion by the end of 2032 from the current valuation of US$ 64.8 Billion in 2022.
The plastic compounding process is being utilized to improve electrical properties and UV resistance in polymers rendering it a very critical material in industrial applications. On the other hand, custom polymer compounding is becoming more common in the plastic compounding industry to achieve high-performance qualities in plastic-based goods. The improving economic condition and the rise of plastic end users have promoted plastic compounding market growth.
Due to the comparatively liberal administrative involvement regarding the inclusion of plastics in building materials, rising construction investment is anticipated to present growth possibilities for PVC compounds. The surge in the usage of purging compounds for injection moulding in the building industry is due to their application in flooring, insulation, storage tanks, performance safety windows, doors, pipelines, and cables.
The Asia Pacific plastic compounding market is anticipated to experience increased demand as a result of the expanding manufacturing sector. It is the leading manufacturer and user of consumer goods, autos, and packaging materials, which have cleared the path for the rapid adoption of the plastic compounding process.
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Competitive Landscape
Some of the well-known plastic compounding market players are BASF SE, LyondellBasell Industries Holdings B.V., Dow, Inc., DuPont, SABIC, RTP Company, S&E Specialty Polymers, LLC (Aurora Plastics), Asahi Kasei Corporation, Covestro AG, Washington Penn, Eurostar Engineering Plastics (EEP), KURARAY CO., LTD., TEIJIN LIMITED, Evonik Industries AG, Dyneon GmbH & Co KG among others.
With the rise of independent fully functional plastic compounding market key players, the sector has seen major capacity growth in last few years. Original Equipment Manufacturers or OEMs, which often enter into strategic relationships with plastic compounding market major players, have emerged to be the major market drivers.
Plastic Compounding Market by Segmentation
By Product Outlook:
Polyethylene (PE)
Polypropylene (PP)
Thermoplastic Vulcanizates (TPV)
Thermoplastic Polyolefins (TPO)
Poly Vinyl Chloride (PVC)
Polystyrene (PS)
Polyethylene Terephthalate (PET)
Polybutylene Terephthalate (PBT)
Polyamide
Polycarbonate
Acrylonitrile Butadiene Styrene (ABS)
Others
By Application Outlook:
Automotive
Building & Construction
Electrical & Electronics
Packaging
Consumer Goods
Industrial Machinery
Medical Devices
Optical Media
Others
Recent Developments in the Global Plastic Compounding Market:
Dow, Inc. Company revealed about its investment projects to enhance circular plastics in October 2021 and start supplying it by 2022. These developments will contribute to the reduction of GHG emissions, the prevention of plastic waste, and the availability of recycled polymers with comparable qualities to fresh plastics.
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Biopharma Plastics Market Size, Share, Demand & Trends by 2033
Biopharma plastics are being utilized for providing higher stability to several applications including depth filters, syringes, and containers. Increased preference for use of high-grade polymers material in the construction of single-use biopharma plastics has fuelled the market growth.
Increasing health concern, and growth in healthcare expenditure are expected to drive the market for biopharma plastics along with polymers. Moreover, the presence of large-scale PP molding facilities and the manufacturing sector is projected to propel the market growth over the forecast period.
Industry leaders are investing heavily in R&D to provide biopharmaceutical products that suit every aspect of consumer needs, which is driving the biopharma plastics market. North America dominates the biopharma plastics market due to the presence of key manufacturers of biopharma plastics such as Celanese Corporation, Eastman Chemical Co., and DuPont. Europe is the second-largest shareholder in the market, mainly due to the growing political support and favorable reimbursement regulations for medical devices.
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Key Takeaways from the Market Study
As of 2023, the biopharma plastics market was valued at US$ 5.42 Billion
From 2023 to 2033, the biopharma plastics industry is poised to grow at an 11.4% CAGR
By 2033, the biopharma plastics market is slated to reach a valuation of US$ 15.95 Billion
By polymer type, the polyvinyl chloride segment accounted for the largest share of 21.5% and is expected to continue this trend over the forecast period.
China is poised to yield a CAGR of 11.3% with respect to biopharma plastics in 2033
“Growing healthcare spending and increasing application of biopharma plastics are expected to radically transform the biopharma plastics market in the coming years,” comments an analyst at FMI.
Competitive Landscape
BASF SE, LyondellBasell Industries Holdings B.V., SABIC, LG chem, Toray Industries, Inc., Solvay, Dow, Inc., DuPont de Nemours, Inc., Saint-Gobain Performance Plastics, Tekni-Plex are some of the key players in the biopharma plastics industry.
The manufacturers are involved in the production of biopharma plastics in a larger capacity. Research and innovation are also conducted to launch innovative plastics for biopharmaceutical products. Also, some of the key players are acquiring small pharmaceutical companies to increase their production capacity.
In September 2022 – LyondellBasell announced today that Hanwha Solutions Corporation will use the LyondellBasell Lupotech T high-pressure polyethylene technology at a new site in Yeosu, South Korea. The Lupotech T process technology will be used for a 300 kiloton per year (KTA) vinyl acetate copolymer (EVA) line.
In July 2022 – DuPont celebrated the opening of its new DuPont™Liveo™ Healthcare Solutions manufacturing facility located at the Cooper River Site in South Carolina. The new facility will expand capacity for biopharmaceutical tubing extrusion to meet increased demand from Liveo™ customers
In October 2021 – Tekni-Plex Healthcare has acquired precision extrusion manufacturer Johnson Plastic Group (JPG) as part of a strategy to expand the company’s patient care solutions platform. The acquisition expands Tekni-Plex Healthcare’s medical device capabilities and broadens the division’s global footprint by adding a presence in Mexico.
In November 2022 – Solvay, a leading supplier of advanced materials, has teamed up with French start-up Ostiumin a joint project designed to enable the mechanical recycling of end-of-life single-use surgical instruments molded in glass-fiber reinforced Ixef® polyarylamide (PARA) from Solvay’s portfolio of specialty polymers
Key Segments Covered in the Biopharma Plastics Market Industry Survey
Biopharma Plastics Market by Polymer Type:
Polyethylene – PE
Polypropylene – PP
Acrylonitrile Butadiene Styrene – ABS
Polyethylene Terephthalate – PET
Polyvinyl Chloride – PVC
Polytetrafluoroethylene – PTFE
Other
Biopharma Plastics Market by Application:
Protective Wear
Container
Bioreactor Bags
Syringes
Depth Filter
Disposable Medical Connectors
Others
Biopharma Plastics Market by Region:
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
to be continued…!
More Valuable Insights Available
FMI, in its new offering, presents an unbiased analysis of the biopharma plastics market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the Biopharma Plastics Market by Polymer Type (Polyethylene – PE, Polypropylene – PP, Acrylonitrile Butadiene Styrene – ABS, Polyethylene Terephthalate – PET, Polyvinyl Chloride – PVC, Polytetrafluoroethylene – PTFE, Other) by Application (Protective wear, Container, Bioreactor Bags, Syringes, Depth Filter, Disposable Medical Connectors, and Others) and Region.
FMI’s Domain Knowledge in Chemicals & Materials
Our chemical & material consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the industrial automation sector. Our expertise in recognizing the challenges and trends impacting the global chemical & material industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
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Benzene Market Growing to Unveil a Remarkable CAGR of 2.59% By 2028, Key Drivers, Size, Share, Demand and Opportunity Analysis
Industry Analysis
Benzene market will grow at a rate of 2.59% for the forecast period of 2021 to 2028. Rise in the demand for styrene polymers from various end-user industries acts as a vital factor driving the growth of benzene market.
Additionally, the credible Benzene Market report helps the manufacturer in finding out the effectiveness of the existing channels of distribution, advertising programs, or media, selling methods and the best way of distributing the goods to the eventual consumers. Taking up such market research report is all the time beneficial for any company whether it is a small scale or large scale, for marketing of products or services. It makes effortless for Chemical and Materials industry to visualize what is already available in the market, what market anticipates, the competitive environment, and what should be done to surpass the competitor.
Get a Free Sample of The Report: https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-benzene-market
Market Insights and Scope
Benzene is defined as a highly flammable, colourless, sweet smelling aromatic hydrocarbon and a ware petrochemical industrial solvent. It has a tendency to evaporate rapidly on being exposed to air and is a petrochemical product which has various subsidiaries such as aniline, alkyl benzene, cumene, cyclohexane, chlorobenzene, ethyl benzene, nitrobenzene, phenol among others. It is used in numerous sectors such as consumer products, electrical & electronics, transportation, constructions, and medical and is also used as a solvent in large range of commercial and economical industries.
The Benzene Market report encompasses various segments linked to Chemical and Materials industry and market with comprehensive research and analysis. These comprise industry outlook with respect to critical success factors (CSFs), industry dynamics that mainly covers drivers and restraints, market segmentation & value chain analysis, key opportunities, application and technology outlook, regional or geographical insight, country-level analysis, key company profiles, competitive landscape, and company market share analysis. All the data, figures and information are backed up by well recognized analysis tools which include SWOT analysis and Porter’s Five Forces analysis. So, take business to the peak level of growth with the all-inclusive Data Bridge Market research report.
Get full access to the report: https://www.databridgemarketresearch.com/reports/global-benzene-market
Industry Segmentation and Size
Benzene market is segmented on the basis of derivative and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
Based on derivative, the benzene market is segmented into alkyl benzene, cumene, cyclohexane, ethyl benzene, nitro benzene and others.
The benzene market is also segmented on the basis of end-use industry into construction, transportation, medical, pulp and paper, automobile industries, packaging and textile.
Market Country Level Analysis
The countries covered in the benzene market report are
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
A reliable Benzene Market marketing report proves to be the finest and excellent market research report as it is formulated with the following critical factors. These consist of primary research, benchmarking studies, secondary research, company profiles, competitive intelligence & reporting, syndicated research, data collection, data processing and analysis, survey design, and survey programming. The report performs market study and analysis to provide market data by considering new product development from beginning to launch. The Chemical and Materials business report also provides evaluations based on the market type, organization size, availability on-premises, end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.
Industry Share Analysis
The major players covered in the benzene market report are
China National Petroleum Corporation, Haldia Petrochemicals Limited, PTT Global Chemical Public Company Limited, Indian Oil Corporation Ltd, NAFTPRO Petroleum Products, GS Caltex Corporation, Dow, Reliance Industries Limited, SABIC, Royal Dutch Shell Plc, Repsol, Arsol Aromatics GmbH & Co. KG, BASF SE and ExxonMobil Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
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#Benzene Market Growing Popularity#Benzene Market Global Leading Brands#Benzene Market drivers-advantages#Benzene Market Segmentation-CAGR rate#Benzene Market Demands-Size-Share-Top Trends#Benzene Market Industry-Competitors#Benzene Market Growth-Competition#Benzene Market 2028 by Types-Application#Benzene Market Chemicals and Materials Industry
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Turkey Automotive Plastic Compounding Market by 2028
Turkey Automotive Plastic Compounding Industry Overview
The Turkey automotive plastic compounding market size was valued at USD 290.9 million in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 5.8% from 2021 to 2028.
The market is projected to witness significant growth over the forecast period owing to the rising adoption of lightweight composites in automotive components to foster fuel savings. However, the recent outbreak of COVID-19 has severely affected automotive production in Turkey due to factory shutdowns from January to April 2020. This has negatively influenced the consumption of automotive plastics and their production dynamics.
The Turkish chemicals and plastics industry display significant growth potential both from domestic and international markets. Average per capita plastics consumption in the region is relatively lower than the rest of the EU, which offers significant investment opportunities for automotive plastic compounders. The Turkish automotive industry is also growing at a rapid pace with leading automobile manufacturers such as Ford, Toyota, Volkswagen, and Hyundai operating in the market.
Gather more insights about the market drivers, restrains and growth of the Turkey Automotive Plastic Compounding Market
According to PAGEV (Turkish Plastic Industry Association) data, the Turkish economy was contracted by 2.4% in the first quarter and 1.5% in the second quarter of 2019. This led to a contraction in domestic demand, where industrial production slowed down, and a decrease in industrial capacity utilization negatively impacted the private sectors. In terms of domestic plastic consumption, in the first nine months of 2019, the plastics sector witnessed a 10% decrease on a value basis as compared to 2018. Moreover, automotive production was decreased by 6% in 2019.
Browse Through Grand View Research's Plastics, Polymers And Resins Industry Research Reports.
• Medical 3D Printing Plastics Market: The global medical 3D printing plastics market size was valued at USD 265.4 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 26.2% from 2021 to 2028. The growing aging population, increasing healthcare awareness, and the COVID-19 pandemic situation are some of the major factors driving the market for medical 3D printing plastics.
• Polypropylene Compounds Market: The global polypropylene compounds market size was valued at USD 17.59 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 7.6% from 2021 to 2028. The growth of the automotive and electronics industries across emerging nations is expected to be the key growth factor for the global market over the forecast period.
Turkey Automotive Plastic Compounding Market Segmentation
Grand View Research has segmented the Turkey automotive plastic compounding market based on product and application:
Turkey Automotive Plastic Compounding Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)
• Acrylonitrile butadiene styrene (ABS)
• Polypropylene (PP)
• Polyurethane (PU)
• Polyvinyl Chloride (PVC)
• Polyethylene (PE)
• Polycarbonate (PC)
• Polyamide (PA)
• Thermoplastic Elastomer (TPE)
• Others
Turkey Automotive Plastic Compounding Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2028)
• Instrument Panels
• Powertrain
• Door Systems
• Interior Components
• Exterior Fascia
• Under-the-hood
• Others
Key Companies profiled:
Some prominent players in the Turkey Automotive Plastic Compounding Market include
• EPSAN
• LANXESS
• PolyOne Corporation
• LyondellBasell Industries Holdings B.V.
• SABIC
Order a free sample PDF of the Turkey Automotive Plastic Compounding Market Intelligence Study, published by Grand View Research.
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Europe Benzene Market To Be Driven By The Rising Demand For Derivatives, Styrene And Cumene In The Forecast Period Of 2021-2026
The new report by Expert Market Research titled, ‘Europe Benzene Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Europe Benzene Market Report, assessing the market based on its segments like derivatives, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Request a free sample copy in PDF or view report summary : https://www.expertmarketresearch.com/reports/europe-benzene-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
Historical Market Size (2020): 8MMT
Forecast CAGR (2021-2026): 1.3%
Forecast Market Size (2026): 8.7MMT
In Europe, increasing demand from segments such as derivatives, styrene, and cumene is driving the benzene market. The growing demand for benzene is being fueled by the polyester industry, where styrene is widely used in the textile manufacturing process. Along with cumene, styrene is one of the most important derivatives segments in the world. Styrene is responsible for a large portion of the global benzene market. Cumene is a major benzene derivative that drives significant benzene demand, especially in the European Union. The European Union is also expected to increase capacity in the industry, especially in the caprolactam and phenolic resin segments.
Industry Definition and Major Segments
Benzene is primarily used as a feedstock or raw material for the production of ethylbenzene, cumene, and cyclohexane, among other industrial chemicals. In the chemical and pharmaceutical industries, benzene is also used as a solvent.
Explore the full report with the table of contents : https://www.expertmarketresearch.com/reports/europe-benzene-market
The derivatives of the product can be divided into the following:
Ethylbenzene
Cumene
Alkylbenzene
Aniline
Chlorobenzene
Cyclohexane
Maleic Anhydride
Others
Benzene finds its applications in the following segments:
Solvent
Chemical Intermediates
Surfactants
Plastics
Rubber Manufacturing
Detergent
Explosives
Lubricants
Pesticides
Others
The Regions for the Europe benzene market include:
Germany
United Kingdom
Italy
France
Others
Market Trends
The rising use of cumene in the phenol and acetone manufacturing processes is driving up demand for benzene. Cumene demand is being aided by the strong growth in the market for these two compounds. The expansion of capacity in the European Union is expected to help the benzene demand in Europe expand as well. The rising demand for benzene is being aided by the booming styrene industry, which is seeing strong demand from a variety of end-use sectors. Polystyrene, styrene-butadiene elastomers, latexes, acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) resins, and unsaturated polyester resins are among the items made from styrene. Textile, manufacturing, packaging, electronics, medical devices, and IT equipment are only a few of the industries that use styrene polymers.
The demand for ethylbenzene, which is commonly used as a solvent in fuels and as a chemical intermediate, is another major factor driving up benzene demand. Benzene is also used in the food and beverage industry for packaging. It is commonly used as a solvent in personal and home care products. The business is also benefiting from increased demand from the paints and coatings industry.
Key Market Players
The major players in the market are Dow Chemical Company, INEOS Group Holding S.A., LyondellBasell Industries Holdings B.V., BASF SE, Royal Dutch Shell Plc, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
About Us
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customises syndicated reports according to clients’ requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
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Medical Styrenic Block Copolymer (SBC) Market Key Vendors, Key Segment, Key Companies, Growth Opportunities by 2018-2030
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.
The resins family for sealant and adhesive development is Styrenic Block Copolymers (SBC), the most widely used member of the thermoplastic elastomers family. SBC resins in various combinations as a base polymer provide unique features and uses in various industries. Outstanding thermal stability, high resistance, crystal clarity, design versatility, irritating potential, and gamma irradiation sterilizability are all features of SBC.
When SBC is compounded with other polyolefins and copolymers, its qualities such as stress cracking resistance, puncture resistance, and elastic recovery are considerably improved. SBC has excellent chemical and physical qualities, making it appropriate for a variety of applications in the industrial and medical sectors. The material has mechanical properties that are similar to rubbers and thermoplasts. Anionic polymerization and anionic polymerization are used to make SBC.
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Polystyrene (PS), acrylonitrile butadiene styrene (ABS), styrene butadiene rubber (SBR), expandable polystyrene (EPS), and unsaturated polyester resins (UPR) are some of the most regularly utilised materials in the worldwide styrenic polymers industry. The products in the worldwide styrenic polymers market have superior physical and chemical qualities, making them ideal for usage in a wide range of end-use industries. Chemical features such as chemical inertness and electrical insulation, as well as physical properties such as stiffness, heat resistance, and lightweight, are good in products in the worldwide styrenic polymers market. As a result, the worldwide styrenic polymers market's goods are widely employed in the construction of boats, furniture, cooking utensils, and athletic equipment.
SBCs (Styrenic Block Copolymers) are high-performance thermoplastic elastomers that are used to increase the performance of a variety of end-use goods and applications. Styrene-isoprene-styrene block copolymers (SIS), styrene-butadiene-styrene block copolymers (SBS), and styrene-ethylene-butylene-styrene block copolymers (SEBS) are the three main forms of SBC (SEBS). SBC products are increasingly used in construction and building applications due to their unique qualities such as durability, minimal drug absorption, UV resistance, high tensile strength, and toughness. In the footwear sector, the SBC is widely utilised for strap and foaming applications. SBCs and their derivatives are used in advanced material applications such as polymer systems, personal care, and compounding. The use of SBCs and their derivatives in sealants, adhesives, and coatings is steadily growing.
Global Medical Styrenic Block Copolymer (SBC) Market- Segmental Analysis
By Product
• Styrene Ethylene Butadiene Styrene
• Styrene Isoprene Butadiene
• Styrene-Butadiene-Styrene
By Application
• Tubing
• Medical Bags
• Equipment
• Packaging & Diagnostics Products
• Wound Care
Purchase Global Medical Styrenic Block Copolymer (SBC)s Market Research Report:- https://wemarketresearch.com/purchase/medical-styrenic-block-copolymer-(sbc)-market/43/?license=single
Points Covered in the Report
• The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 12 years’ data history and forecast.
• The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
• Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Key Questions Answered in This Report:
How has the global Medical Styrenic Block Copolymer (SBC) market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global Medical Styrenic Block Copolymer (SBC) market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the product?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global Medical Styrenic Block Copolymer (SBC) market and who are the key players?
What is the degree of competition in the industry?
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Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
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Global Medical Plastics Market Study 2015-2030
Analysis of the MEDICAL PLASTICS MARKET
A comprehensive market study on the MEDICAL PLASTICS MARKET Market provides an overview of the demand-supply and consumption patterns of Medical Plastics Market across six different regions. This market study describes the Medical Plastics Market Market, with focus on major countries and their subsequent demand for different segments. This report on the global Medical Plastics Market market offers a complete overview of various factors impacting positively or negatively on the overall growth of the Keyword market.
Distinct market estimations and forecasts are presented in this comprehensive Medical Plastics Market market study. Various secondary sources such as encyclopedia, directories, technical handbooks, company annual reports, industry association publications, magazine articles, world economic outlook, and databases have been referred to identify and collect information useful for this extensive commercial study of Medical Plastics Market. Moreover, both micro-economic and macro-economic factors have been considered to arrive at growth rate and size estimation in the short and long-term forecast. Prismane Consulting supplements this with primary research. The primary sources are experts from related industries and suppliers. For market forecast, and production / plant operating rates, we assume numerous reasons that drive production including new production capacity is brought on-stream, Planned, and unplanned outages of existing capacities and Subdued demand from end-use applications.
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https://prismaneconsulting.com/report_request_sample?_token=AtOR24a5a5RESAa3MlwksGpYOtlOq2YkD0lImEc4&report_id=349
The current COVID-19 pandemic is causing high and rising human costs worldwide. Isolation, nationwide lockdowns, and widespread closures to stop the spread of the virus have severely impacted the economy. As a result, the global economy declined by an around of -3.5% in 2020, much worse and below the 2008-2009 subprime mortgage crisis. The global economy has grown between 5% and 6% in 2021 and 2022 due to the normalization brought in the regional economic activities on back of the fading COVID-19 pandemic and stability in the crude oil prices. The economic activities have been aided by the new policies surrounding financial, agricultural, industrial, and manufacturing sector. The report on Medical Plastics Market Market studies and outlines the impact of COVID-19 and presents the forecasts for the short, mid and long-term. The report also covers Macro-economic factors like GDP, Population and World Economic integration, Economic & Energy Outlook, Industry & Policy Developments, End-use Industry / Applications Market, Reasoning & Analysis, Insightful Commentary, Market Review, Comparative Analysis, Latest Trends and market developments, Key players, Strategic Issues and Recommendations, Business Opportunity Assessment and much more.
Global Global Medical Plastics Demand Analysis By Type, By Application,
(Volume, Value) (2015–2030)
Strategic Issues
Demand Analysis and Forecast (2015 – 2030)
Demand
Demand Growth Rate (%)
Driving Force Analysis
Global Medical Plastics Market, By Type
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polyamides (PA)
Acrylonitrile Butadiene Styrene (ABS)
Polystyrene (PS)
Polyethylene (PE)
Polyethylene Terephthalate (PET)
Polyacetal/Polyoxymethylene (POM)
Polycarbonate (PC)
Polymethyl Methacrylate (PMMA)
Liquid Crystalline Polymer (LCP)
Polytetrafluoroethylene (Teflon)
Polyetheretherketone (PEEK)
Polysulfone (PSU)
Silicone
Others
Global Medical Plastics Market, By Application
Drug Delivery
Surgical Equipments
Injection Systems
Medical Instruments
Wearable
Others
Why Prismane Consulting?
Chemical Sciences, Engineering, Oil & Gas, Finance, Economics and Business backgrounds
Real-world industry, consulting, and market research experience
Average work experience of 10+ years
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About Prismane Consulting
Prismane Consulting is a unique global boutique consulting firm with an Indian origin. We present ourselves to the world outside providing management, economic and technical expertise to improve customer engagement, boost operational efficiency, reduce costs, and achieve superior business results. Prismane Consulting serves leading businesses in the field of Chemicals, Petrochemicals, Polymers, Materials, Environment and Energy. We have been advising clients on their key strategic issues solving their toughest and most critical business problems. To know more write to us on [email protected]
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Europe Benzene Market To Be Driven By The Rising Demand For Derivatives, Styrene And Cumene In The Forecast Period Of 2021-2026
The new report by Expert Market Research titled, ‘Europe Benzene Market Report and Forecast 2021-2026’, gives an in-depth analysis of the Europe benzene market, assessing the market based on its segments like derivatives, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.
Request a free sample copy in PDF or view report summary :https://www.expertmarketresearch.com/reports/europe-benzene-market/requestsample
The key highlights of the report include:
Market Overview (2016-2026)
Historical Market Size (2020): 8MMT
Forecast CAGR (2021-2026): 1.3%
Forecast Market Size (2026): 8.7MMT
In Europe, increasing demand from segments such as derivatives, styrene, and cumene is driving the benzene market. The growing demand for benzene is being fueled by the polyester industry, where styrene is widely used in the textile manufacturing process. Along with cumene, styrene is one of the most important derivatives segments in the world. Styrene is responsible for a large portion of the global benzene market. Cumene is a major benzene derivative that drives significant benzene demand, especially in the European Union. The European Union is also expected to increase capacity in the industry, especially in the caprolactam and phenolic resin segments.
Industry Definition and Major Segments
Benzene is primarily used as a feedstock or raw material for the production of ethylbenzene, cumene, and cyclohexane, among other industrial chemicals. In the chemical and pharmaceutical industries, benzene is also used as a solvent.
Explore the full report with the table of contents : https://www.expertmarketresearch.com/reports/europe-benzene-market
The derivatives of the product can be divided into the following:
Ethylbenzene
Cumene
Alkylbenzene
Aniline
Chlorobenzene
Cyclohexane
Maleic Anhydride
Others
Benzene finds its applications in the following segments:
Solvent
Chemical Intermediates
Surfactants
Plastics
Rubber Manufacturing
Detergent
Explosives
Lubricants
Pesticides
Others
The Regions for the Europe benzene market include:
Germany
United Kingdom
Italy
France
Others
Market Trends
The rising use of cumene in the phenol and acetone manufacturing processes is driving up demand for benzene.
Cumene demand is being aided by the strong growth in the market for these two compounds. The expansion of capacity in the European Union is expected to help the benzene demand in Europe expand as well. The rising demand for benzene is being aided by the booming styrene industry, which is seeing strong demand from a variety of end-use sectors. Polystyrene, styrene-butadiene elastomers, latexes, acrylonitrile-butadiene-styrene (ABS), styrene-acrylonitrile (SAN) resins, and unsaturated polyester resins are among the items made from styrene. Textile, manufacturing, packaging, electronics, medical devices, and IT equipment are only a few of the industries that use styrene polymers.
The demand for ethylbenzene, which is commonly used as a solvent in fuels and as a chemical intermediate, is another major factor driving up benzene demand. Benzene is also used in the food and beverage industry for packaging. It is commonly used as a solvent in personal and home care products. The business is also benefiting from increased demand from the paints and coatings industry.
Key Market Players
The major players in the market are Dow Chemical Company, INEOS Group Holding S.A., LyondellBasell Industries Holdings B.V., BASF SE, Royal Dutch Shell Plc, and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
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Global Thermoplastic Elastomers Market Study Combine With Challenges and Opportunities up to 2027
Thermoplastic Elastomers are polymers having a mix of elastomeric and thermoplastic properties. These are ordinarily alluded to as thermoplastic elastic. These are adaptable and delicate materials that are fit for getting back to their unique length after they are extended. Such elastomers have extraordinary properties including hotness and oil obstruction, tear opposition, low porousness, and further developed grip. Thermoplastic elastomers are utilized in a few end-client businesses, for example, - auto, purchaser products, clinical, development, and numerous others. In view of the sort, the market is characterized into Thermoplastic Polyurethane, Styrene Block Copolymer, Thermoplastic Vulcanizates, and Others.
ChemIntel360’s global Thermoplastic Elastomers market study is a 170+ slide report containing in depth analysis on historical and forecasted spending and consumption patterns in the sector. We offer granular value and volume data from a global, regional, applications, and end-use industry perspective. Despite the adverse effects of the COVID-19 pandemic, the industry is expected to rebound strongly and grow at a CAGR of 5.4% over 2021-2026. The leading factor driving growth is the chemical’s extensive use in manufacture of automotive component parts, the demand for which has witnessed robust growth in light of increasing fuel efficiency requirements.
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Scope
This study contains global and regional market size data. The numbers are broken down by end use (Automotive, Electrical and Electronics, Industrial, Medical, and Others), and by type (Styrene-based TPE, Thermoplastic Polyolefins, Thermoplastic Polyurethanes, Polyether Ester TPE, and Others). The historical period runs through 2015-2020 and the forecasted period from 2021-2026.
Market Overview
The global Thermoplastic Elastomers market, which grew from US$X.X billion in 2015 to US$X.X billion in 2019, dropped marginally to US$19.1 billion in 2020, due to the ongoing COVID-19 pandemic. Spending is expected to recover in 2021 to value US$X.X billion and increase to US$X.X billion in 2026 at a CAGR of X%. Cumulatively the market is expected to value US$X.X billion during the forecast period as compared to US$X.X billion during the historical period.
Geographical Analysis
The dimethyl carbonate market size has spread worldwide, like North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Key Players
The market including some of the major players such as Sinopec Group, Evonik Industries AG, Huntsman International LLC, BASF SE, Dow Inc., Lubrizol Corporation.
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Impact Modifier Market - Forecast(2022 - 2027)
Impact Modifier market size is forecast to reach US$5.3 billion by 2026, after growing at a CAGR of 5.4% during 2021-2026. Impact Modifiers are a set of additives like Acrylonitrile Styrene Acrylate, that is used to enhance the impact strength and flexibility of an object. Impact modifiers are also added to plastic resins for increasing strength and elasticity in nature. The usage of Chlorinated Polyethylene and Non-reactive Modified Polyolefin in industrial and construction sectors is growing and boosting the demand for Impact Modifiers in the forecast period. The growing demand from the plastic industry along with the increase in usage of plastic in end-use industries like automobile, construction & building, consumer goods, and packaging is also driving the market of impact modifiers. The rapid growth of the electronics industry has increased the demand for printed circuit boards (PCB); thereby, fueling the market growth. Furthermore, the flourishing automotive and aerospace industry is also expected to drive the Impact modifier industry substantially during the forecast period.
COVID-19 Impact
The Coronavirus pandemic has impacted the polymer industry to a great extent stuttering the manufacturing industry. Currently, the core industries such as aerospace, automotive, and energy are highly impacted. Due to social distancing policy, most of the manufacturing plants of aircraft and automobiles were shut down, which declined the production of Impact modifiers. Global auto production was severely hit by the COVID-19 pandemic with a 16% drop in world auto production. Also, due to supply chain disruptions such as raw material delays or non-arrival, disrupted financial flows, and rising absenteeism among production line staff has declined the market trend. However, the demand for plastic in the healthcare and medical industry for equipment manufacturing will help to raise market trends during the forecast period.
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Impact Modifier Market Report Coverage
The report: “Impact Modifier Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Impact Modifier Market.
By Product Type: ABS (Acrylonitrile Butadiene Styrene), ASA (Acrylonitrile Styrene Acrylate), AIM (Acrylic Impact Modifiers), MBS (Methacrylate-Butadiene- Styrene), EPDM (Ethylene Propylene Diene Monomer), CPE (Chlorinated Polyethylene), MBS (Methacrylate butadiene styrene terpolymer), EVA (Ethylene-vinyl acetate copolymer), Others By Application: PVC, Nylon, PBT, Engineering Plastics, Others By End-Use Industry: Transportation (Automotive, Aerospace, Marine, Railways), Building & Construction (Residential, Commercial), Healthcare, Consumer Goods, Electric and Electronics, Food & Beverages, Energy, Oil & Gas, Packaging, Agriculture, Others By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Rest of the World (Middle East, and Africa)
Key Takeaways
Asia-Pacific dominates the Impact Modifier market, owing to the increasing electrical & electronics industry in the region. According to Invest India, the domestic electronics market in India to attain US$400 billion and by 2025.
The growing trend of lightweight vehicles is expected to boost the manufacturing sector in China and banning the import of scrap plastics helps the growth of consumer electronics in turn helps the Impact Modifiers Market growth.
The rapid adoption of Acrylonitrile Butadiene Styrene (ABS) products in the construction industry are supporting the market growth.
Figure: Asia-Pacific Impact Modifier Market Revenue, 2020-2026 (US$ Billion)
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Impact Modifier Market Segment Analysis – By Product Type
The Methacrylate-Butadiene- Styrene (MBS) segment held the largest share in the Impact Modifier market in 2020 and is growing at a CAGR of 5.5% during 2021-2026. Impact Modifier gives high impact strength and elasticity to the finished goods and is mostly used in the construction, consumer goods, and appliances industry. MBS is environmentally friendly which is contributing to the growth of impact modifiers. It helps to soften the rigid plastic and enhance the finished goods. According to the Institution of Civil Engineers, the global construction market is expected to grow by US$ 8 trillion by 2030 driven. The rapid growth in construction activities in China, and India will help the growth of the Impact Modifier Market during the forecast period.
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Impact Modifier Market Segment Analysis – By Application
The PVC segment accounted for approximately 55% of the market share in 2020 and is estimated to grow at a significant CAGR during the forecast period. Impact Modifiers are added to different polymers like Acrylonitrile Butadiene Styrene, Acrylonitrile Styrene Acrylate to improve the durability and toughness of PVC. It is highly demanded in many end-use industries like Packaging, automobile, healthcare, construction. PVC is widely used in flooring, windows, doors, pipes, roofing, blood bags, tubing, wire, and cable insulation due to its low cost, higher durability and gives safety to construction material. The growing demand for engineering plastics such as polycarbonate increasing the demand for impact modifiers in the automotive industry. Engineering plastics helps to reduce the weight of finished goods and enhance the performance giving heat resistance, high durability, and toughness. For instance, according to Boeing, the global aerospace and defense market will be at US$8.7 trillion over the next decade, up from US$8.1 trillion in 2019. In many regions, such as Asia-Pacific, the Middle East, and Africa, stable GDP growth, relatively strong passenger demand, and lower commodity prices are driving the growth of the aerospace industry. As a result, the growing focus across these regions on the aerospace and defense industries is projected to fuel the growth of the global Impact Modifier market over the forecast market.
Impact Modifier Market Segment Analysis – By End-Use Industry
The Packaging segments accounted for approximately 35% of the market share in 2020 and are estimated to grow at a significant CAGR during the forecast period. The increasing demand for plastics packaging is boosting the demand for impact modifiers during the forecasted period owing to their excellent properties like shock resistance, corrosion resistance, anti-static, and mechanical shock absorption. Packaging is important in transportation to preserve the goods. Increasing demand in food packing films, bottles, drug packaging is growing the demand for impact modifiers. Furthermore, the demand for protective packaging in the electric & electronic and medical & Pharmaceutical sectors across the globe is equally helping in the growth of the Impact Modifiers market. According to data presented by Finaria, the number of eCommerce users has been increased by 9.5% every year and hit over 3.4 billion in 2020. Amazon and AliExpress are the highest sellers and covers 75% of the global e-market across the globe. These are some of the driving factors that are helping in the growth of the packaging market which is further growing the demand for impact Modifiers during the forecast period.
Impact Modifier Market Segment Analysis – By Geography
Asia-Pacific region held the largest share in the Impact Modifier market in 2020 up to 45%, owing to the growth of end-use industries like appliances, packaging, automobile, construction, electric & electronic, and others. The presence of leading appliance manufacturers such as Haier Electronics Group, Gree Electric Appliances, Groupe SEB SA, Panasonic, LG Electronics is driving the market growth in the region. According to Invest India, the auto component sector valued at US$ 49 billion in 2020 and is expected to reach US$ 200 billion by 2026. Thus, with the flourishing automobile industry, there will be an upsurge in the demand for aerospace components, which is anticipated to drive the Impact Modifier market in the Asia-Pacific region.
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Impact Modifier Market Drivers
Increasing Automotive Production
Impact Modifiers are becoming more popular in the automobile sector due to their excellent strength-to-weight ratio. Impact Modifiers are utilized in a variety of applications in the automobile industry, including automobile hoses, diaphragms, dashboards, sealants, wheel arches, and rocket panels. According to the International Trade Administration (ITA), China is the world's largest motor vehicle market and is expected to reach 35 million by 2025 in automotive manufacturing. According to Invest India, the Passenger vehicle industry is expected to grow by 22%- 25% in 2022. Thus, increasing automation production will require more automotive components, which will act as a driver for the Impact Modifier market during the forecast period.
Flourishing Construction Sector
The Asia-Pacific construction sector is the largest in the world and is growing due to the rising population. Infrastructure development is helping in the growth of Impact modifiers which are widely used in flooring, slidings and windows, doors. The Construction industry of Asia Pacific has been growing constantly due to urbanization and the government has launched many projects supporting this. The Construction Industry of India is expected to reach the US $1.4 Trillion by 2025 with an investment of 24% on renewable energy, 19% on roads & highways, 16% on urban infrastructure, and 13% on railways with the 2nd highest FDI investment in 2000-2020.
Impact Modifier Market Challenges
Growing Environment Concern
Environmental concern has always been a major challenge in the impact modifiers market. The increasing demand for eco-friendly products is restraining the growth impact modifier market. Polyvinyl chloride, highly persistent plastic particles release dangerous chemicals into the soil that can drain into groundwater and causes environmental damage. Every year, the world produces more than 400 million tons of plastics of which only 14–18% of plastic waste is formally recycled, and the percentage is much lower in some countries. Thus, growing environmental damage regarding the usage of PVC products can inhibit the growth of the market since plastics (PVC) are non-biodegradable and responsible for land pollution. The national and international organizations are working globally to reduce their usage to an extent.
Impact Modifier Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the Impact Modifier market. Impact Modifier market top companies are:
1. Evonik Industries 2. E.I. Du Pont De Nemours & Co. 3. Addivant, Kaneka Corporation 4. Arkema S.A. 5. Mitsubishi Chemical Corporation 6. LG Chem. 7. Mitsui Chemicals Inc. 8. SI Group Inc. 9. Novista Group 10. Indofil Industries Limited and others
Acquisitions/Technology Launches
In January 2021, Dow Chemicals has entered into a partnership with Callaway Golf Company to deliver next-generation golf balls formulated with a PARALOID™ Impact Modifier. The partner ship will strengthen the product portfolio of Dow Chemicals.
Relevant Reports
Rheology Modifiers Market – Forecast (2021 - 2026)
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Polypropylene & High-impact Polystyrene Market – Forecast (2021 - 2026)
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