#Polycarbonate Resin Market 2024

[coldpenguintaco]

Construction Sector Surge Boosts Polycarbonate Resin Market in Europe: Insights for 2029

The global polycarbonate resin marketsize is projected to reach USD 20.1 billion by 2029, at a CAGR of 5.5 % from USD 15.3 billion in 2024. Growing demand from the automotive industry, coupled with rapid urbanization and infrastructure development, will contribute to the rapid growth in the demand for polycarbonate resin.  Polycarbonate resin is a type of thermoplastic polymer known for its high…

[latestmarketresearchnews]

Medical Plastics Industry 2030 Outlook, Regions, Size Estimation and Upcoming Trend

The global medical plastics market was valued at approximately USD 52.9 billion in 2023, and it is projected to expand at a compound annual growth rate (CAGR) of 7.4% from 2024 through 2030. This robust growth is largely due to the development of innovative plastics and plastic composites tailored for medical applications, such as components in catheters, surgical instrument handles, and syringes. There is a notable increase in demand for advanced medical device packaging, driven by the rising need for sophisticated, in-house medical devices. Key plastics like polyethylene, polypropylene, and polycarbonate are gaining popularity in manufacturing a variety of medical devices. The expansion of home healthcare services, due to their cost-effectiveness relative to traditional hospital and intensive care, has led to increased demand for medical devices, further fueling market growth.

The medical plastics market is in a high-growth phase, and the growth pace is accelerating due to its consolidated nature. Manufacturers of medical plastics are actively adopting strategic initiatives such as mergers, acquisitions, product innovations, and expansions in production capacity. For example, in November 2023, TekniPlex Healthcare acquired Seisa Medical, an El Paso-based medical device manufacturer. This acquisition is expected to enhance TekniPlex’s global capabilities in materials science and process technologies, particularly for devices used in interventional therapies and minimally invasive procedures. Seisa offers comprehensive contract manufacturing services for Class II and III medical devices, covering development, design, component manufacturing, assembly, and packaging.

Gather more insights about the market drivers, restrains and growth of the Medical Plastics Market

Regional Insights:

In 2023, North America held the leading position in the global medical plastics market, accounting for over 33.0% of the market share. This strong position is expected to fuel demand for both generic drugs and medical devices, supporting further market expansion in North America. The medical plastics industry primarily serves applications such as pharmaceutical packaging and medical component manufacturing. The growth in medical plastics demand in North America is also supported by the expanding pharmaceutical industry in Mexico and Canada, along with increasing demand in pharmaceutical packaging applications.

For instance, the Mexican government’s recent relaxation of regulatory restrictions, which previously limited new manufacturing operations, has enabled pharmaceutical giants like Takeda and Astellas to establish manufacturing facilities in Mexico. This strategic shift has strengthened the domestic pharmaceutical industry, which is expected to drive demand for medical plastics in the coming years. Key applications analyzed for the North American market include medical device packaging, medical components, wound care products, mobility aids, and dental implants. Furthermore, the region has seen a rise in healthcare spending due to increasing cases of lifestyle-related diseases such as diabetes and cardiovascular disorders. This trend is expected to stimulate demand for medical devices, generic drugs, and healthcare services, thereby supporting the growth of the medical plastics market.

Additionally, the region’s growing elderly population and the increasing incidence of chronic diseases are projected to drive demand for medical devices, further increasing the use of plastics in manufacturing medical equipment over the forecast period. Government investment in the healthcare sector and the rise of the home healthcare market are expected to amplify demand for medical devices, positively influencing the medical plastics market.

Browse through Grand View Research's Category Plastics, Polymers & Resins Industry Research Reports.

The global flexitank market size was estimated at USD 1,357.3 million in 2024 and is projected to grow at a CAGR of 23.6% from 2025 to 2030.

The global elastomer gel in personal care market size was valued at USD 160.5 million in 2024 and is anticipated to grow at a CAGR of 4.1% from 2025 to 2030.

Key Companies & Market Share Insights:

Prominent players in the medical plastics market include BASF SE, Celanese Corporation, Evonik Industries AG, SABIC, Dow Inc., Solvay S.A., Trinseo S.A., and Eastman Chemical Company. In November 2022, Celanese Corporation completed the acquisition of DuPont's Mobility & Materials (M&M) division for USD 11 billion. This acquisition expands Celanese’s global market presence and enhances its capabilities, especially in sustainable transportation solutions, by adding environmentally focused product offerings to its portfolio.

Key Medical Plastics Companies:

Röchling SE & Co. KG

Nolato AB

Saint-Gobain

SABIC

Orthoplastics Ltd

Eastman Chemical Company

Celanese Corporation

Dow, Inc.

Tekni-Plex, Inc.

Solvay S.A.

HMC Polymers Company Limited

ARAN BIOMEDICAL TEORANTA

Trelleborg Group

Avantor, Inc.

Trinseo

Evonik Industries AG

Order a free sample PDF of the Medical Plastics Market Intelligence Study, published by Grand View Research.

[researchreportinsight]

Medical Plastics Market 2030 - In-Depth Analysis on Size, Trends & Prominent Key Players

The global medical plastics market was valued at approximately USD 52.9 billion in 2023, and it is projected to expand at a compound annual growth rate (CAGR) of 7.4% from 2024 through 2030. This robust growth is largely due to the development of innovative plastics and plastic composites tailored for medical applications, such as components in catheters, surgical instrument handles, and syringes. There is a notable increase in demand for advanced medical device packaging, driven by the rising need for sophisticated, in-house medical devices. Key plastics like polyethylene, polypropylene, and polycarbonate are gaining popularity in manufacturing a variety of medical devices. The expansion of home healthcare services, due to their cost-effectiveness relative to traditional hospital and intensive care, has led to increased demand for medical devices, further fueling market growth.

The medical plastics market is in a high-growth phase, and the growth pace is accelerating due to its consolidated nature. Manufacturers of medical plastics are actively adopting strategic initiatives such as mergers, acquisitions, product innovations, and expansions in production capacity. For example, in November 2023, TekniPlex Healthcare acquired Seisa Medical, an El Paso-based medical device manufacturer. This acquisition is expected to enhance TekniPlex’s global capabilities in materials science and process technologies, particularly for devices used in interventional therapies and minimally invasive procedures. Seisa offers comprehensive contract manufacturing services for Class II and III medical devices, covering development, design, component manufacturing, assembly, and packaging.

Gather more insights about the market drivers, restrains and growth of the Medical Plastics Market

Regional Insights:

In 2023, North America held the leading position in the global medical plastics market, accounting for over 33.0% of the market share. This strong position is expected to fuel demand for both generic drugs and medical devices, supporting further market expansion in North America. The medical plastics industry primarily serves applications such as pharmaceutical packaging and medical component manufacturing. The growth in medical plastics demand in North America is also supported by the expanding pharmaceutical industry in Mexico and Canada, along with increasing demand in pharmaceutical packaging applications.

For instance, the Mexican government’s recent relaxation of regulatory restrictions, which previously limited new manufacturing operations, has enabled pharmaceutical giants like Takeda and Astellas to establish manufacturing facilities in Mexico. This strategic shift has strengthened the domestic pharmaceutical industry, which is expected to drive demand for medical plastics in the coming years. Key applications analyzed for the North American market include medical device packaging, medical components, wound care products, mobility aids, and dental implants. Furthermore, the region has seen a rise in healthcare spending due to increasing cases of lifestyle-related diseases such as diabetes and cardiovascular disorders. This trend is expected to stimulate demand for medical devices, generic drugs, and healthcare services, thereby supporting the growth of the medical plastics market.

Additionally, the region’s growing elderly population and the increasing incidence of chronic diseases are projected to drive demand for medical devices, further increasing the use of plastics in manufacturing medical equipment over the forecast period. Government investment in the healthcare sector and the rise of the home healthcare market are expected to amplify demand for medical devices, positively influencing the medical plastics market.

Browse through Grand View Research's Category Plastics, Polymers & Resins Industry Research Reports.

The global flexitank market size was estimated at USD 1,357.3 million in 2024 and is projected to grow at a CAGR of 23.6% from 2025 to 2030.

The global elastomer gel in personal care market size was valued at USD 160.5 million in 2024 and is anticipated to grow at a CAGR of 4.1% from 2025 to 2030.

Key Companies & Market Share Insights:

Prominent players in the medical plastics market include BASF SE, Celanese Corporation, Evonik Industries AG, SABIC, Dow Inc., Solvay S.A., Trinseo S.A., and Eastman Chemical Company. In November 2022, Celanese Corporation completed the acquisition of DuPont's Mobility & Materials (M&M) division for USD 11 billion. This acquisition expands Celanese’s global market presence and enhances its capabilities, especially in sustainable transportation solutions, by adding environmentally focused product offerings to its portfolio.

Key Medical Plastics Companies:

Röchling SE & Co. KG

Nolato AB

Saint-Gobain

SABIC

Orthoplastics Ltd

Eastman Chemical Company

Celanese Corporation

Dow, Inc.

Tekni-Plex, Inc.

Solvay S.A.

HMC Polymers Company Limited

ARAN BIOMEDICAL TEORANTA

Trelleborg Group

Avantor, Inc.

Trinseo

Evonik Industries AG

Order a free sample PDF of the Medical Plastics Market Intelligence Study, published by Grand View Research.

[industrynewsupdates]

Medical Plastics Market Business Growth, Opportunities and Forecast 2024 - 2030

The global medical plastics market size was estimated at USD 52.9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2030.

This growth can be attributed to the development of advanced plastics and plastic composites used in medical components such as catheters, surgical instrument handles, and syringes. The demand for medical device packaging is likely to be driven by a rise in demand for in-house and advanced medical devices. Plastics including polyethylene, polypropylene, and polycarbonate are increasingly being utilized for the manufacturing of medical devices. The growth of home healthcare due to its low costs compared to hospital care and intensive care has resulted in a rise in demand for medical devices.

According to the latest U.S. census, 16.8% of the U.S. population is over the age of 65 years and this number is anticipated to reach 74 million by 2030. People aged over 85 need the most care and their population is growing rapidly. In March 2021, the U.S. President, Joe Biden, proposed spending USD 400 billion on Medicaid over eight years to fund at-home care for elderly and disabled people as well as increase the wages of caregivers.

Gather more insights about the market drivers, restrains and growth of the Medical Plastics Market

Medical Plastic Market Report Highlights

• Based on product, the Polyphenylsulfone (PPSU) resin dominated product segmentation for 2023 in terms of revenue share above 51.0%, due to the heat and chemical resistance of PPSU. These plastics possess high strength and durability, making essential surgical tools.

• Asia Pacific possessed a high market share in 2023, due to increasing healthcare expenditure. However, Governments in China, India and Japan are investing heavily, to prevent rising chronic diseases and upgrading healthcare infrastructures. Per capita healthcare spending is elevating, setting the stage for healthcare revolution in the region.

• Regulations are the key factor influencing the medical device industry, thereby influencing the medical plastics market in Europe and North America. Rising government concerns regarding the offering of high-quality, safe, and effective medical devices are expected to have a negative impact on the market growth over the forecast period.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

• The global polybutadiene market size was valued at USD 1.88 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2030.

• The global polycarbonate sheet market size was valued at USD 4.64 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2030. 

Medical Plastic Market Segmentation

Grand View Research has segmented the global medical plastic market based on product, application, and region:

Medical Plastics Product Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

• Polyethylene (PE)

• Polypropylene (PP)

• Polycarbonate (PC)

• Liquid Crystal Polymer (LCP)

• Polyphenylsulfone (PPSU)

• Polyethersulfone (PES)

• Polyethylenimine (PEI)

• Polymethyl Methacrylate (PMMA)

• Others

Medical Plastics Process Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

• Extrusion

• Injection Molding

• Blow Molding

• Other

Medical Plastics Application Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

• Medical Device Packaging

• Medical Components

• Orthopedic Implant Packaging

• Orthopedic Soft Goods

• Wound Care

• Cleanroom Supplies

• BioPharm Devices

• Mobility Aids

• Sterilization and Infection Prevention

• Tooth Implants

• Denture Base Material

• Other Implants

• Others

Medical Plastics Region Outlook (Volume, Kilotons & 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 Netherland

• Asia Pacific

o China

o India

o Japan

• Central & South America

o Brazil

o Argentina

• Middle East & Africa

o Saudi Arabia

o UAE

Order a free sample PDF of the Medical Plastics Market Intelligence Study, published by Grand View Research.

[neha24blog]

Conductive Polymers Market Outlook On The Basis Of Product, Application, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 25 Sep 2024: The Report Conductive Polymers Market Size, Share & Trends Analysis Report By Product (ABS, Polyphenylene-based Resins, Polycarbonates, ICP), By Application (Actuators & Sensors, Solar Energy), By Region, And Segment Forecasts, 2024 – 2030 The global conductive polymers market size is expected to reach USD 9.03 billion by 2030, registering a CAGR of 8.6% during the…

[tamanna31]

Medical Plastics: Industry Dynamics, Major Companies Analysis and Forecast- 2030

Medical Plastics Industry Overview

The global medical plastics market size was estimated at USD 52.9 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2030.

This growth can be attributed to the development of advanced plastics and plastic composites used in medical components such as catheters, surgical instrument handles, and syringes. The demand for medical device packaging is likely to be driven by a rise in demand for in-house and advanced medical devices. Plastics including polyethylene, polypropylene, and polycarbonate are increasingly being utilized for the manufacturing of medical devices. The growth of home healthcare due to its low costs compared to hospital care and intensive care has resulted in a rise in demand for medical devices.

Gather more insights about the market drivers, restrains and growth of the Medical Plastics Market

According to the latest U.S. census, 16.8% of the U.S. population is over the age of 65 years and this number is anticipated to reach 74 million by 2030. People aged over 85 need the most care and their population is growing rapidly. In March 2021, the U.S. President, Joe Biden, proposed spending USD 400 billion on Medicaid over eight years to fund at-home care for elderly and disabled people as well as increase the wages of caregivers.

In the U.S., the frequent increment in costs and reduced margins have severely impacted healthcare providers and health plans. This compelled the government to ensure a significant transformation of healthcare funding and insurance coverage segments in the country through the introduction of ACA and Medicaid.

The COVID-19 pandemic has made in-home care more appealing than nursing home facilities as home care reduces healthcare costs and is more convenient for patients. According to Medicaid and CHIP Payment and Access Commission (MACPAC), it costs about USD 26,000 a year for home care compared to USD 90,000 a year for a nursing home. Increasing investment in healthcare by the government and rising preference for home care are expected to drive the medical plastics market in the U.S. over the forecast period.

The presence of key manufacturers such as Dow, Inc., Eastman Chemical Co., and DuPont can be regarded as one of the major factors driving the market for medical plastics in the country.

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

• The global wood pallets market size was estimated to be USD 13.12 billion in 2023, growing at a CAGR of 4.5% from 2024 to 2030.

• The global food wrap market size was estimated at USD 5.15 billion in 2023 and is projected to grow at a CAGR of 7.5% from 2024 to 2030.

Global Medical Plastic Market Report Segmentation

This report forecasts volume & revenue growth at global, regional, and country levels and provides an analysis of latest industry trends in each of sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global medical plastic market report based on product, application, and region.

Product Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

Polyethylene (PE)

Polypropylene (PP)

Polycarbonate (PC)

Liquid Crystal Polymer (LCP)

Polyphenylsulfone (PPSU)

Polyethersulfone (PES)

Polyethylenimine (PEI)

Polymethyl Methacrylate (PMMA)

Others

Process Technology Outlook (Volume, Kilotons; Revenue, USD Million, 2018 - 2030)

Extrusion

Injection Molding

Blow Molding

Other

Application Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

Medical Device Packaging

Medical Components

Orthopedic Implant Packaging

Orthopedic Soft Goods

Wound Care

Cleanroom Supplies

BioPharm Devices

Mobility Aids

Sterilization and Infection Prevention

Tooth Implants

Denture Base Material

Other Implants

Others

Region Outlook (Volume, Kilotons & Revenue, USD Million, 2018 - 2030)

North America

U.S.

Canada

Mexico

Europe

Germany

U.K.

France

Italy

Netherland

Asia Pacific

China

India

Japan

Central & South America

Brazil

Argentina

Middle East & Africa

Saudi Arabia

UAE

Key Medical Plastics Company Insights

Some key market players include BASF SE; Celanese Corporation; Evonik Industries AG; SABIC; Dow, Inc.; Solvay S.A.; Trinseo S.A.; and Eastman Chemical Company.

Key Medical Plastics Companies:

The following are the leading companies in the medical plastics market. These companies collectively hold the largest market share and dictate industry trends. Financials, strategy maps & products of these medical plastics companies are analyzed to map the supply network.

Röchling SE & Co. KG

Nolato AB

Saint-Gobain

SABIC

Orthoplastics Ltd

Eastman Chemical Company

Celanese Corporation

Dow, Inc.

Tekni-Plex, Inc.

Solvay S.A.

HMC Polymers Company Limited

ARAN BIOMEDICAL TEORANTA

Trelleborg Group

Avantor, Inc.

Trinseo

Evonik Industries AG

Recent Developments

Some key players operating in market include BASF SE; Celanese Corporation; Evonik Industries AG; SABIC; Dow, Inc.; Solvay S.A.; Trinseo S.A.; Eastman Chemical Company among others.

In February 2023, Cleanse Corporation announced the acquisition of DUPONT's mobility and mobility business for USD 11.00 billion. This strategic move enables Cleanse to expand its global reach and enhance its offerings in the environmental sector, particularly in sustainable transportation.

In June 2023, SABIC acquired Clariant's 50% stake in Scientific Design, a renowned catalysis leader. This acquisition bolstered the non-cyclical, technology-driven business and brought it closer to becoming a leading global specialist

Order a free sample PDF of the Medical Plastics Market Intelligence Study, published by Grand View Research.

[lovelypol]

"Cumene Catalyst: Market Dynamics Unveiled (2024-2033)"

The cumene market is poised for significant expansion from 2024 to 2033, driven by its pivotal role as a precursor in the production of phenol and acetone.

Market research indicates a steady increase in demand for cumene, primarily fueled by the growth of downstream industries such as plastics, pharmaceuticals, and electronics. As phenol and acetone are essential components in the manufacturing of polycarbonates, epoxy resins, and pharmaceuticals, the demand for cumene as a feedstock is expected to surge in line with the expansion of these sectors. Moreover, technological advancements in cumene production processes, coupled with innovations in catalyst development, are enhancing efficiency and reducing production costs, further driving market growth. Additionally, the increasing focus on sustainability and environmental regulations is prompting manufacturers to explore bio-based cumene production methods, offering promising opportunities for future market expansion. This decade will witness continued growth and innovation in the cumene market, shaping the landscape of various industries reliant on its derivatives. #Cumene #MarketDynamics #Phenol #Acetone #PlasticsIndustry #Pharmaceuticals #Electronics #Polycarbonates #EpoxyResins #Catalyst #BioBasedProduction #Sustainability #MarketTrends #Innovation #EnvironmentalRegulations #MarketForecast

[chemanalystdata]

Phenol Prices, Price Trend, News, Analysis & Forecast

Phenol Prices: For the Quarter Ending March 2024

Phenol prices are subject to various factors influencing the global market, from supply chain dynamics to economic shifts. Understanding these intricacies is essential for businesses reliant on phenol, a chemical compound widely used in industries such as healthcare, automotive, and electronics. One of the primary determinants of phenol prices is the cost of raw materials, particularly benzene. Benzene, derived predominantly from crude oil, experiences price fluctuations due to geopolitical tensions, demand-supply imbalances, and environmental regulations. Consequently, any change in benzene prices tends to ripple through the phenol market.

Moreover, the production process plays a crucial role in shaping phenol prices. Phenol is primarily manufactured through the cumene process, where benzene and propylene undergo oxidation and dehydrogenation. Any disruption in the availability or cost of propylene, a byproduct of petroleum refining and natural gas processing, directly impacts phenol production costs. Additionally, energy prices significantly influence the overall manufacturing expenses, as phenol production is energy-intensive. Fluctuations in crude oil prices and geopolitical tensions affecting oil-producing regions can thus cause volatility in phenol prices.

Get Real Time Prices of Phenol: https://www.chemanalyst.com/Pricing-data/phenol-17

Market demand and capacity utilization further contribute to phenol price dynamics. The healthcare sector represents a substantial portion of phenol consumption, with applications in disinfectants, pharmaceuticals, and medical equipment. During health crises or pandemics, such as the COVID-19 pandemic, the demand for healthcare products containing phenol may surge, exerting upward pressure on prices. Conversely, economic downturns or shifts in consumer behavior can dampen demand, leading to oversupply and subsequent price decreases. Moreover, capacity expansions or shutdowns among phenol producers globally influence market equilibrium, affecting pricing strategies.

International trade patterns also impact phenol prices, with regions like Asia-Pacific, North America, and Europe playing pivotal roles in production and consumption. China, a significant phenol producer and consumer, heavily influences global market trends. Policy changes, trade tariffs, and currency fluctuations in China can reverberate throughout the phenol supply chain, affecting prices worldwide. Additionally, environmental regulations and sustainability initiatives in key phenol-producing countries shape production costs and market competitiveness, ultimately impacting prices.

Furthermore, the interplay between phenol and its derivatives affects pricing dynamics. Phenol serves as a precursor for various downstream products, including bisphenol-A (BPA), phenolic resins, and caprolactam. Changes in demand for these derivatives, driven by factors like technological advancements, consumer preferences, and regulatory requirements, influence phenol prices indirectly. For instance, the growing demand for BPA in the production of polycarbonate plastics and epoxy resins can bolster phenol prices, given its role as a key raw material in BPA synthesis.

In recent years, environmental sustainability has emerged as a significant factor shaping phenol prices and market dynamics. With increasing awareness of climate change and environmental degradation, regulatory bodies worldwide are imposing stringent emission standards and encouraging the adoption of greener manufacturing processes. As a result, phenol producers are investing in technologies to reduce carbon emissions, enhance energy efficiency, and utilize renewable feedstocks. While these initiatives may initially entail higher production costs, they can confer long-term benefits such as enhanced market competitiveness and resilience to regulatory changes.

In conclusion, phenol prices are influenced by a myriad of factors spanning raw material costs, production processes, market demand, international trade, derivative markets, and environmental considerations. Businesses operating in industries reliant on phenol must closely monitor these variables and adapt their strategies accordingly to navigate price fluctuations and maintain competitiveness. By understanding the intricacies of the phenol market and its interconnectedness with global economic and environmental trends, stakeholders can make informed decisions to mitigate risks and capitalize on opportunities in this dynamic industry.

Get Real Time Prices of Phenol: https://www.chemanalyst.com/Pricing-data/phenol-17

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Call: +49-221-6505-8833

Email: sales@chemanalyst.com

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[latestmarketresearchnews]

Medical Plastics Market Size, Share, Growth Analysis And Forecast Report 2030

The global medical plastics market was valued at approximately USD 52.9 billion in 2023 and is projected to experience a steady growth rate, with a compound annual growth rate (CAGR) of 7.4% expected between 2024 and 2030. The significant growth in this sector can be attributed to the advancements in the development of plastics and plastic composites used in medical applications, particularly in the production of essential components such as catheters, handles for surgical instruments, and syringes. A rising demand for sophisticated medical devices, especially for in-house use, is expected to drive the need for medical device packaging. Materials like polyethylene, polypropylene, and polycarbonate are becoming increasingly important in the manufacturing of medical devices. Additionally, the expansion of home healthcare owing to its cost-effectiveness compared to hospital-based or intensive care has fueled a greater need for various medical devices.

Demographic trends in the U.S. further support this market growth. According to the latest U.S. census, 16.8% of the U.S. population is aged 65 years and older, with the elderly population expected to reach 74 million by 2030. Notably, individuals over the age of 85 typically require the most intensive care, and this age group is expanding rapidly. In response to this growing need for elderly care, in March 2021, U.S. President Joe Biden proposed a significant investment of USD 400 billion over an eight-year period into Medicaid to support at-home care services for elderly and disabled individuals. This plan also aimed to increase the wages of caregivers. The rising costs and shrinking profit margins have put considerable pressure on healthcare providers and health insurance plans in the U.S., leading the government to implement crucial changes in healthcare funding and insurance coverage, including reforms introduced through the Affordable Care Act (ACA) and Medicaid.

Gather more insights about the market drivers, restrains and growth of the Medical Plastics Market

Product Segmentation Insights:

The Polyphenylsulfone (PPSU) resin segment led the medical plastics market in 2023, accounting for over 51% of the total revenue. This dominance is largely due to the material's excellent heat and chemical resistance, which makes it particularly suited for producing durable surgical tools and medical devices. PPSU's high strength and resilience make it a preferred material in the production of surgical robots and components used in biopharmaceutical processing. Additionally, its high flexural strength and impact resistance are beneficial for producing both single-use and multi-use surgical instruments, especially those that require repeated sterilization via steam.

Polyethylene (PE) is another important material in the medical plastics sector, valued for its resistance to bacteria and cleaning chemicals, making it ideal for use in medical equipment, devices, and other healthcare supplies. Its key characteristics such as impact resistance, chemical stability, flexibility, and minimal moisture absorption make PE suitable for use in medical-grade devices. Moreover, because it is a porous synthetic polymer that does not degrade within the human body, PE is used in various medical applications, including plastic surgery implants, tubing, and bottles.

Polypropylene (PP) is extensively used in the production of medical equipment and protective packaging, thanks to its toughness and durability. The strong chemical bonds of PP make it suitable for producing medical components like disposable syringes, connectors, finger-joint prostheses, non-absorbable sutures, reusable plastic containers, and laboratory items such as beakers and test tubes. Furthermore, PP is particularly beneficial in specialized medical procedures, such as hernia repairs and pelvic organ prolapse surgeries, where it is used in transvaginal mesh implants.

Order a free sample PDF of the Medical Plastics Market Intelligence Study, published by Grand View Research.

[yqxpolymer]

YQXPOLYMER Epoxy Resin 0614/0614DL were Launched into International Market

April 9, 2024, YQXPOLYMER, a leading manufacturer of Epoxy Resin, PBT, Polycarbonate and other chemicals and comprehensive polymer applications provider is pleased to launch its 0614/0614DL epoxy resin worldwide. To expand its business operations, YQXPOLYMER is now open to exploring partnerships with like-minded organizations, businesses, and individuals interested in the epoxy industry.

YQXPOLYMER 0614/0614DL are diluted liquid epoxy resins, which is manufactured from C12~C14 aliphatic glycidyl ether and bisphenol A epoxy resin.

YQXPOLYMER 0614/0614DL are special low viscosity liquid epoxy resins, which are widely used in Stone adhesive. YQXPOLYMER 0614/0614DL can be used to paste fiberglass mesh on the back of marble to enhance the strength and stability of the stone, prevent the stone from falling off and improve the impact resistance of the stone. Also they are used in Ceramic tile adhesive, Epoxy floor, Road bridge tunnel filling, and so on.

A wide variety of curing agents is available to cure liquid epoxy resins at ambient conditions. The most frequently used are aliphatic polyamines, polyamides, alicyclic amines, cycloaliphatic amines and modified versions of these curing agents. Elevated temperature cures are necessary and long post-cures are required to develop full end properties if anhydrides or catalytic curing agents are employed.

YQXPOLYMER 0614/0614DL Typical Properties

YQXPOLYMER 0614/0614DL Key Features

Low viscosity and strong fluidity, good performance at room temperature, and easier to paint and construct.

It can better penetrate into the surface to be coated or bonded, improving performance stability and durability.

Widely used in Stone adhesive, Ceramic tile adhesive, Epoxy floor, Road bridge tunnel filling, etc.

Packing variety: drums, IBC container, or customization.

YQXPOLYMER 0614/0614DL Typical Applications

This product is suitable for use in applications such as:

• Stone adhesive

• Ceramic tile adhesive

• Epoxy floor

• Building repair adhesive( Road bridge tunnel filling)

• Solventless coatings

• Composite materials

• Liquid molding compounds

YQXPOLYMER is looking for partners, distributors of its epoxy resins products globally. And we provide highly cost-effective products, short lead time, in-time after-sales service, even OEM service.

About YQXPOLYMER

YQXPOLYMER is a leading manufacturer of Epoxy Resin, PBT, Polycarbonate and other chemicals and comprehensive polymer applications provider.

More information or free samples or price quotations, please contact us via email: sales@yqxpolymer.com , or voice to us at: +86-28-8411-1861.

[industrynewsupdates]

Antimicrobial Plastics Market Size, Share, Growth And Analysis Report, 2030

The global antimicrobial plastic market size was valued at 37.87 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 7.8% from 2022 to 2030. 

Antimicrobial plastic is a synthetic polymeric material containing an integrated active ingredient (antimicrobial additive) that makes it effective against the growth of microbes such as algae, fungi, and mold. These microbes tend to shorten the life of plastic products; thus, the use of antimicrobial plastics has increased in recent years in various end-use industries such as food and beverage, packaging, and healthcare, which are expected to be the main drivers of the global market during the forecast period.

Gather more insights about the market drivers, restrains and growth of the Antimicrobial Plastic Market

Antimicrobial plastics are now increasingly being used as a substitute for conventional materials in the healthcare sector for manufacturing medical instruments such as ventilators and anesthesia machines due to their pathogen-inhibiting properties. This plastic helps to minimize the growth of pathogens such as algae, bacteria, and fungi and has excellent moisture resistance, which also increases its acceptance as an effective food packaging solution in the food and beverage industry.

These plastics are produced by infusing antimicrobial additives such as arsenic-based oxybisphenoxarsine (OBPA) and organometallic biocides into the material to provide long-lasting protection against microbes and pathogens. These additives help increase the functional life of the plastic and inhibit the growth of bacteria that can cause the plastic to degrade more quickly, making it stronger, rust-proof, odorless, and highly suitable for medical device applications.

Moreover, the U.S. automotive and transportation industry is dominated by well-established players including General Motors, Ford Motor Company, Fiat Chrysler Automobiles, and Toyota Motor Corporation. Rising demand for electric and hybrid vehicles, coupled with the presence of a well-established automotive industry and growing automotive aftermarkets in the country, is expected to drive the building and construction and automotive and transportation industries. This, in turn, is expected to fuel the consumption of antimicrobial plastics in the automotive and transportation industry over the forecast period.

Antimicrobial Plastic Market Segmentation

Grand View Research has segmented the global antimicrobial plastic market report on the basis of product, end-use, and region:

Product Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Commodity Plastics

o Polyethylene (PE)

o Polypropylene (PP)

o Polyvinyl Chloride (PVC)

o Polystyrene (PS)

o Acrylonitrile Butadiene Systems (ABS)

o Polyethylene Terephthalate (PET)

• Engineering Plastics

o Polyamide (PA)

o Polycarbonate (PC)

o Thermoplastic polyurethane (TPU)

o Others

• High-performance Plastics

End-use Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• Building & Construction

• Automotive & Transportation

• Healthcare

• Packaging

• Food & Beverage

• Textile

• Consumer Goods

• Others

Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2019 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o Germany

o U.K.

o France

o Italy

• Asia Pacific

o China

o India

o Japan

• Central and South America

o Brazil

o Argentina

• Middle East and Africa

o GCC Countries

o South Africa

Browse through Grand View Research's Plastics, Polymers & Resins Industry Research Reports.

• The global nonwoven fabrics market size was valued at USD 52.56 billion in 2023 and is projected to grow at a CAGR of 4.9% from 2024 to 2030. 

• The global polypropylene absorbent hygiene market size was valued at USD 8.78 billion in 2023 and is projected to grow at a CAGR of 4.4% from 2024 to 2030.

Key Companies & Market Share Insights

The market is characterized by the presence of various small- and medium-scale companies catering to global and local demands. It is characterized by forward integration through raw material production, manufacturing, and distribution to various application industries.

Integration across the stages of the value chain results in continuous raw material supply and low manufacturing costs. R&D initiatives by a few companies to enhance their product specifications and market reach are expected to further augment the product demand in the years to come. For instance, in March 2021, Parx Materials launched an additive technology, Saniconcentrate. This technology is designed to produce antimicrobial plastics that can resist the growth of harmful bacteria and viruses. Some prominent players in the global antimicrobial plastic market include:

• BASF SE

• Parx Materials N.V.

• Ray Products Company Inc.

• COVESTRO AG

• King Plastic Corporation

• Palram Industries Ltd.

• Clariant AG

• SANITIZED AG

• RTP Company

• Lonza

• INEOS Styrolution Group GmbH

• Milliken Chemical

• BioCote Limited

• Microban International

• DuPont de Nemours, Inc. 

Order a free sample PDF of the Antimicrobial Plastic Market Intelligence Study, published by Grand View Research.

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Polyether Ether Ketone Market is estimated to Witness Strong Growth Owing to Increasing Demand from Aerospace and Automotive Industries

Polyether ether ketone (PEEK) is a semi-crystalline thermoplastic polymer belonging to the polyaryletherketone (PAEK) family. It has excellent mechanical properties such as high tensile strength, impact resistance, and strong chemical resistance. PEEK is widely used in aerospace, electronics, medical, automotive and other industrial applications. In the aerospace industry, PEEK finds application in components for both commercial and military aircraft due to its lightweight as well as heat and chemical resistant properties. PEEK polymers offer greater durability and strength than metals, allowing them to replace heavier metallic components and reduce aircraft weight. The global Polyether Ether Ketone Market is estimated to be valued at US$ 840.2 Bn in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights. Market Dynamics: One of the major drivers for the growth of the global Polyether Ether Ketone market size is increasing demand from the aerospace and automotive industries. PEEK offers properties like heat and chemical resistance, strength and durability which makes it an ideal material for components in aircraft and electric/hybrid vehicles. PEEK components are increasingly replacing metals in aircraft brake lines, engine cowlings and undercarriage components as they are lightweight and corrosion-resistant. In automotive, PEEK find applications in fuel cell components, connectors, seals and bearings due to its toughness and strength. This is expected to significantly drive the demand for PEEK over the forecast period. Additionally, excellent corrosion and chemical resistance properties of PEEK also drive its adoption in industrial applications in chemical processing equipment, semiconductor fabrication and electrical components. However, high material and manufacturing costs associated with PEEK limit its adoption in mass applications. Continuous research & development activities focused on reducing costs through novel manufacturing processes can help overcome this challenge and further contribute to the market growth. SWOT Analysis Strength: Polyether ether ketone (PEEK) is known for its high strength, durability, and corrosion resistance compared to metals. It can withstand high temperatures up to 260°C without suffering deformation. PEEK also has good mechanical strength and offers machining versatility. Ease of molding and shaping makes PEEK suitable for a wide range of applications. Weakness: PEEK resin is more expensive than other engineering thermoplastics such as nylon and polycarbonate. PEEK is difficult to color and susceptible to stress cracking. Processing PEEK also requires investments in specialized manufacturing equipment. Opportunity: Growing demand from the aerospace and defense, medical, automotive, and electrical industries is expected to boost the PEEK market. PEEK's biocompatibility makes it suitable for medical implants. Use of PEEK in 3D printing offers new opportunities. Increasing R&D for developing novel grades of PEEK with enhanced properties will expand the material's applications. Threats: Availability of cheaper substitutes such as liquid crystal polymers and polyphenylene sulfide can replace PEEK in some non-critical applications. Macroeconomic uncertainties and supply chain disruptions affect the businesses of end-use industries adopting PEEK. Key Takeaways The global Polyether ether ketone market is expected to witness high growth over the forecast period of 2024 to 2031. The global Polyether Ether Ketone Market is estimated to be valued at US$ 840.2 Bn in 2024 and is expected to exhibit a CAGR of 8.5% over the forecast period 2024 to 2031.

The Asia Pacific region currently dominates the PEEK market and is anticipated to grow at a faster pace due to rapid industrialization and the growing manufacturing industry in China, India, Japan and other Southeast Asian countries. Key players operating in the Polyether ether ketone market include Victrex plc, Solvay S.A., Evonik Industries AG, Panjin Zhongrun High Performance Polymers Co. Ltd., Zyex Ltd., Quadrant EPP S.A., Prototype & Plastic Mold Company Inc., Jida Evatane, Stern Companies, Caledonian Ferguson Timpson Ltd., Darter Plastics Inc., J K Overseas, Prodas, and others. Get more insights on this topic:https://www.newswirestats.com/polyether-ether-ketone-market-size-and-outlook/

[theavinashkumar]

Global Acetone Market Worth USD 22.10 Billion By 2024

The global acetone market size was USD 5.75 billion in 2016. Acetone is used as a solvent in adhesives, nail polish remover, paints & coatings, and other skin care products. It is also used in the manufacturing of Methyl Methacrylate & Bisphenol-A.

Polycarbonate plastic is derived from Bisphenol-A. An increasing use of polycarbonate in the automotive industry is one of the key growth factor for the acetone market. Polycarbonate is increasingly used as a substitute for metal and glass in automotive industry.

Automotive manufacturers are increasingly using polycarbonate for lighting applications, such as light housing, headlamp lenses, bezels that require transparency, high temperature resistance, it also offers better functional integration and designing freedom to vendors. An increasing demand for light vehicles with improved fuel efficiency is driving the manufacturers to depend on polycarbonate that helps to reduce the weight of the vehicles.

Increasing demand of methyl methacrylate to produce polymethyl methacrylate resins used in electronics and automotive industry is a key factor for growth of the acetone market. Keeping these driving factors in mind companies are increasing their production capacity in order to meet the global demand. For instance, Vadodara-based chemical manufacturer Deepak Nitrite Limited is expected to invest INR 1,200 crores to set up a phenol and acetone plant at Dahej in Bharuch district of Gujarat to cater the increasing demand for acetone in the region.

In 2016, Asia Pacific was largest revenue generating owing to the development of automotive and electronics industries. Furthermore, growing pharmaceutical sector in China and India is expected to propel the demand for acetone. An increasing demand for bio based acetone and strict government regulations is expected to slow the market growth of acetone.  Moreover, contact with acetone is dangerous for health and can cause intoxication, dizziness, nausea, unconsciousness which in turn may hamper the market growth.

Access full report or request for free sample at: https://www.hexaresearch.com/research-report/acetone-market

Hexa Research has segmented the global acetone market market based on application and region:

Segmentation by application, 2014 - 2024 (Kilo Tons) (USD Million) • Solvent • Methyl methacrylate (MMA) • Bisphenol-A (BPA)

Segmentation by region, 2014 - 2024 (Kilo Tons) (USD Million) • North America    • U.S. • Europe    • Russia • Asia Pacific    • China    • India • Central & South America    • Brazil • MEA

Key players analyzed: • INEOS Phenol company • Mitsui Chemicals • The DOW Chemical Company • Shell • Minda • U.S. Chemicals • Formosa Chemicals • Sunoco • Conchemco

Source: https://www.hexaresearch.com/research-report/acetone-market

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Polycarbonate Market 2024 Regional Outlook | Size, Share, Type and Application, Trends

27th December 2021 – Global Polycarbonate Market is anticipated to reach USD 25.37 billion by 2024 owing to the regulation policies that encourage the use of plastics by automotive OEMs for improving fuel efficiency and reducing vehicle’s weight. Polycarbonate are naturally translucent amorphous thermoplastic plastics. Owing to this feature, polycarbonates can internally transmit light as effectively as glass to sustain greater impacts as compared to other commonly used plastics. Moreover, the flexibility of polycarbonates enables the manufacturing process at the room temperature with no cracks or breaks to convert without heat application. Despite the material known for its flexibility and strength, the transparency makes them ideal for use for a variety of applications that similar materials cannot offer.

Focusing on the low emissions by the environmental authorities, the automobile manufacturers are emphasizing on developing light weight automobiles. The extensive use of polycarbonate in manufacturing light weight automobiles is one of the major driving factors of the market. Also, the speedy expansion of consumer electronics segment is playing major role in the growth of polycarbonate industry.

Access Polycarbonate Market Report with TOC @ https://www.millioninsights.com/industry-reports/polycarbonate-market

Currently, polycarbonate holds considerable share of plastic market and the dominance is predicted to increase in the forecast period. This can be attributed to the growing demand from key end use industries like electronics, consumer goods and automotive. Polycarbonate is widely used for applications across verticals such as packaging, construction, medical devices, which is propelling the growth of polycarbonate market. On a global scale, polycarbonate material is also used in several structural, safety and aesthetic applications, especially in the automobile industry. The material is used in automotive components and other internal parts like front-end body panels, glazing, and bumper fascia.

Polycarbonate holdsdi-electric and retardance property that makes it ideal to be used in applications like electronics and electrical industries, which induces the growth of polycarbonate industry in the forecast period. Nevertheless, the unstable prices of raw materials like bisphenol A (BPA) is negatively impacting market growth. Additionally, significant cost of polycarbonate and low scratch resistant property of the material is predicted to hamper the growth of the market in the coming years. Owing to the increase in demand for polycarbonates, manufacturers are developing products that could be used for new applications as well. Some leading players like BASF, Bayer, and DowDuPont are extensively engaged in research & development activities to develop eco-friendly products and comply with the current government regulations. Moreover, to enhance their competitive advantage in the industry constantly, they have been investing in development of modern technologies.

Polycarbonate market is categorized on the basis of application and geography. On the basis of application, the market is divided into automotive components, home appliances, electrical equipment, construction (polycarbonate resins & sheets), medical, food (bottles, water filter systems, dinnerware, tableware, etc.), and security & protection. Among these, electrical and automotive components segments are predicted lead polycarbonate industry. They are expected to remain dominant in future as well since they are widely used in most household appliances and automobiles.

Geographically, polycarbonate market is segmented as North Americas, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is expected to lead the market owing to the increase in demand for the product from various end use industries like transportation and electrical appliances. China manufactures polycarbonate at a high rate and is also the largest consumer of the same.

The major players of polycarbonate industry include EVONIK INDUSTRIES AG, Covestro, Mitsubishi Engineering Plastics Corp., Asahi Kasei Chemical Corporation, Bayer AG, LG Chemicals, Formosa, Idemitsu Kosan Co. Ltd., SABIC, and Teijin Limited, among others.

Request a Sample Copy of Polycarbonate Market Report @ https://www.millioninsights.com/industry-reports/polycarbonate-market/request-sample