The latest report entitled "The Styrene Block Copolymer Market 2012 - 2018 - Global Industry Analysis, Scale, Share, Growth, and Forecasts" of the Transparent Markets Research discusses the worldwide revenue and demand for styrene copolymers. The report pointed out that the global demand for medical and healthcare applications in 2011 was 123.4 kg. The compound annual growth rate for 2012-2018 is expected to be 5.4%. By 2018, the market is expected to reach 177.1 kt. In terms of revenue, by 2018, the market is expected to reach US$698.8 million, with a compound annual growth rate of 7.2% from 2012 to 2018.
Styrene block copolymers (SBCs) occupy the largest volume market of thermoplastic elastomers (TPEs). This can be illustrated by the ability of styrenic block copolymers to process through their physical and mechanical properties and as thermoplastic materials filled with vulcanized elastomers.
The demand for styrene block copolymers in the medical and health products industry is mainly due to its high health and environmental advantages. Therefore, the trend of replacing PVC products with environment-friendly compounds has promoted the growing demand for styrene block copolymers in medical and medical fields.
In addition, the research and development of the bio-based SBC plastics market may herald the most promising market growth opportunities. The only key challenge facing this market is the fluctuation of raw material prices. Therefore, the tendency to use bio-based alternative materials in synthetic materials will minimize the impact of persistent fluctuations in raw materials.
This report analyzes the styrene block copolymer market from the perspective of quantity and revenue, providing a comprehensive picture of the SBC needs of the healthcare industry. From 2012 to 2018, the global demand for styrene block copolymers (SBCs) in diagnostic and medical equipment and product markets is expected to increase by 6%. However, in terms of revenue, the SBC market is expected to reach US$959 million by 2018.
The study also provides in-depth details of the SBC market by subdividing the market into SBS, SEBS and other SBCs including SIBS. Among them, SEBS was heavily consumed by the healthcare industry and proved to be the most influential SBC product on the global market. This is also the fastest growing SBC in the medical industry. In 2011, it accounted for more than 68% of the total medical SBC. SEBS is primarily used in the manufacture of medical kits (including CAPD, IV, blood bags) and many other medical flexible materials in the medical and healthcare industries.
Through regional studies and analysis, the report states that North America is a major consumer of medical styrene block copolymers (SBCs). The increase in this area is due to the increasing medical expenses of the US federal government. In 2011, SBC in North America accounted for 38.7% of global demand. Subsequently, Europe followed as the second largest consumer country. The Asia-Pacific region is the next fastest growing market for SBCs and is expected to grow by 7.2% from 2012 to 2018.