Two-phase soft and hard component blocks make up styrene-butadiene copolymer. End blocks made of styrene are thermoplastic, but middle blocks made of butadiene are elastomeric. Due to its capacity to physically cross-link in the structure, this type of elastomer behaves like rubber while acting like plastic. The crosslinks in these materials maintain their original size shape when stretched. According to reports, the raw materials for the chemical are butadiene, isoprene, and styrene. Numerous industries, including the production of soft elastomers, asphalt modification, and stiff thermoplastic impact modification, use it.
High-performance thermoplastic elastomers called styrenic block copolymers (SBCs) are designed to enhance the performance capabilities of a wide range of end products and applications. Styrene-butadiene-styrene block copolymers (SBS), styrene-isoprene-styrene block copolymers (SIS), and styrene-ethylene-butylene-styrene block copolymers are the three main forms of SBC (SEBS).
Global Medical Styrenic Block Copolymer (SBC) Market- Segment analysis
By Product
- Styrene Ethylene Butadiene Styrene
- Styrene Isoprene Butadiene
- Styrene-Butadiene-Styrene
The styrene-butadiene styrene segment is anticipated to amplify with a CAGR of 7.5% over the forecast duration. This is attributable to the widespread usage of this component in manufacturing various types of medical devices owing to its high durability, easy availability, and cost effective nature. Besides, it is also used as a replacement for natural rubber across several end use industries including medical.
By Application
- Tubing
- Medical Bags
- Equipment
- Packaging Diagnostics Products
- Wound Care
The tubing segment is projected to record notable growth over the stipulated timeline as medical device manufacturers are replacing phthalates with styrenic block copolymers in tube production as they are safe and offer benefits such as low drug absorption, temperature resistance, flexibility, durability, elasticity, and better clarity.
Global Medical Styrenic Block Copolymer (SBC) Market- Regional Landscape
Considering the geographical terrain, North America, Asia Pacific, Europe, Latin America, and Middle East Africa are the major benefactors to global medical styrenic block copolymer (SBC) market expansion. Asia Pacific market is projected to grow substantially over the analysis timeline attributable to population expansion, increasing healthcare expenditure in nations like India and China, and rising investments from private and public entities for the improvement of healthcare infrastructure across the region.
Alongside, favorable government initiatives to cater to healthcare development across various nations in the region is further adding to industry progression.
Top Key Players:-
- Kumho Petrochemical Co.Ltd.
- Versalis S.p.A.
- LYC CHEMICAL Corp.
- Grupo Dynasol
- RTP Company
- Asahi Kasei Corporation
- China Petrochemical Corporation
- JSR Corporation
- LG Chem Ltd.
- Ineos Styrolution Group
- BASF SE.
- Dynasol Group
- TSRC Corporation
- Zeon Corporation
- Kraton Corporation
- Trinseo S.A
- En Chuan Chemical Industries Co. Ltd
- Versalis S.p.A.
- HEXPOL AB
- CHIMEI
- INEOS Styrolution Group GmbH
- Momentive Performance Materials Inc.
- Chevron Phillips
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