Global Styrenic Block Copolymers Market (SEBS, SBS, SIBS) Will Reach USD 698.8 Million in 2018: Transparency Market Research

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According to a new market report published by Transparency Market Research ”Styrenic Block Copolymers (SEBS, SBS, SIBS) Plastics Market for Medical Applications (Medical Bags, Tubing, Wound Care, Equipments, Packaging & Diagnostic Products) – Global Industry Analysis, Size, Share, Growth and Forecast, 2012 – 2018,” the global SBC demand for medical and healthcare applications was estimated at 123.4 kilo tons in 2011 and is expected to reach 177.1 kilo tons by 2018, growing at a CAGR of 5.4% from 2012 to 2018. In terms of revenues, the market is expected to reach USD 698.8 million by 2018, growing at a CAGR of 7.2% from 2012 to 2018.

Browse the full report at http://www.transparencymarketresearch.com/styrenic-block-copolymers.html

Demand for SBCs in the medical industry is primarily driven by a growing trend of replacing PVC products by SBCs, primarily due to health and environmental issues related with PVC usage. However, volatility in raw material prices has emerged as a critical challenge to SBC producers worldwide. Increasing R&D in bio-based SBC plastics is expected to herald the most promising opportunity in the market; bio-based SBCs along with being environment friendly are also economically feasible against their synthetic counterparts.

Styrene Ethylene Butylene Styrene (SEBS) is the most dominant SBC product consumed by the medical and healthcare industry and accounted for over 68% of total medical SBC volumes in 2011. SEBS is primarily used for manufacturing medical bags (including IV, CAPD and blood bags) and other flexible materials in the medical industry. SEBS is also the fastest growing type of SBC used in the medical sector.

North America is the leading consumer for medical SBCs and accounted for 38.7% of the global demand in 2011, it is followed by Europe as the second-largest consumer. The growth in North America is primarily driven by the increasing medical expenditure by the federal government in the U.S. Asia Pacific is the fastest growing market for SBCs, and is expected to grow at a CAGR of 7.2% from 2012 to 2018.

Some of the leading companies operating in the global market include Sinopec, Kraton, LCY Chemical, Dynasol, TSRC, LG Chemicals, PolyOne Corporation and so on. Major medical device manufacturers in the market include big multinational companies such as Johnson & Johnson, Siemens Healthcare, GE Healthcare, Baxter International, Medtronic, Covidien and so on.

Related Report : 

Global Sorbitol Market – Isosorbide, Propylene Glycol, Glycerol & Other Downstream Opportunities, Applications (Toothpaste, Vitamin C, Sweetener Etc.), Size, Share, Growth, Trends And Forecast, 2012 – 2018

http://www.transparencymarketresearch.com/sorbitol-market.html 

This market research study analyzes the global market for sorbitol, estimating and forecasting the market from the consumption point of view, while segmentation has been carried out on various levels including products (liquid/syrup and crystal/powder), end users, applications, as well as on geographical basis to provide a holistic picture of the market. The report also analyses sorbitol potential as a platform chemical for polyols (ethylene glycols, propylene glycols, glycerols) and isosorbides.

Various sorbitol product forms analyzed in this study include liquid and crystal. Sorbitol applications estimated and forecasted include toothpaste, vitamin C, diabetic and dietetic foods and surfactants. End users estimated and forecasted covers cosmetic & personal care, chemicals, food and pharmaceuticals. Supplementary analysis has been carried out on sorbitol potential as a platform chemical for the production of polyols (ethylene glycols, propylene glycols and glycerols) and isosorbides. Regional data has been provided on a regional as well as country level for the markets of North America (U.S, Canada and Mexico), Europe (Germany, U.K., France and Russia), Asia Pacific (China, Japan, India and Indonesia) and Rest of the World (ROW).

This report also includes Porters five forces model and value chain analysis of the market. Some of the key companies that deal in sorbitol include Archer Daniels Midland, Roquette Freres, Cargill Inc, Ecogreen Oleochemicals, SPI Pharma, Sigma- Aldrich, Gulshan Polyols, Merck and Sorini. The report provides an overview of the above companies followed by their financial revenue, business strategies and recent developments.

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