COVID-19 Impact On Medical Plastics Market by Type (Engineering Plastics and Standard Plastics), Application (Medical Disposables, Prosthetics, Medical Instruments & Tools and Drug Delivery) and Region – Global Forecast to 2021

2020-04-24
Price :
Published : Apr-2020
No. of Pages : 57

The global medical plastics market is projected to register a CAGR of 17.2%, in terms of value, between 2020 and 2021. This is approximately 10% higher than earlier pre-COVID growth projections,

The global medical plastics market size during this COVID-19 pandemic is projected to grow from USD 25.1 billion in 2020 to USD 29.4 billion by 2021, at a CAGR of 17.2%. The major drivers for the medical plastics industry include the growing demand from OEMs and medical device/equipment manufacturers for the production of critical care systems such as ventilators, thermal scanners, and respirators.

The medical disposables segment is estimated to be the largest application of medical plastics during the forecast period.

The medical disposables segment accounts for the largest share in the medical plastics market. The use of medical plastics is increasing due to their usefulness. Medical disposables can be defined as single-use products that are used in surgical as well as procedural applications. The use of these medical products in procedural applications and general checkup is increasing. In addition, the use of these disposables as instructed by various agencies, such as USFDA and Europe EMA, are propelling the demand for medical plastics globally. Increased demand for disposables such as gloves, masks, gowns, and other PPEs will drive the market during this pandemic.

The standard plastics segment is expected to be the fastest-growing type of medical plastics during the forecast period.

Standard plastics are sourced from crude oil and are non-renewables. These plastics generally include PVC, PE, PP, PS, PMMA, and EVA. The major applications of these plastics include the manufacturing of masks, gloves, drapes, gowns, trays, catheters, syringes, orthopedic devices, surgical tools, and lab wares. Increased requirements of personal protective equipment (PPE) such as face shields, masks, gloves, drapes, single-use syringes, and others will boost consumption of standard plastics such as PP, PE, and PVC drive demand.

Europe is expected to be the fastest-growing medical plastics market during the crisis period.

The medical plastics market in Europe has witnessed a considerable demand driven by the growing requirement for ventilators, respirators, thermal scanners, and other patient care systems. Europe consists of some profoundly affected countries such as Italy, Spain, Germany, and France, among others, which have a large demand for patient care systems. In addition, growth in the requirement of PPEs will also drive demand for medical plastics in the region.

The market sizes estimated in this study were validated through primary interviews conducted with various industry experts globally. These primary sources are divided into three categories:

  • By Company Type: Tier I – 25%, Tier II – 50%, and Tier III – 25%
  • By Designation: C Level – 20%, Director Level – 30%, and Others – 50%
  • By Region: North America – 20%, Europe – 30%, APAC – 25%, South America – 25%, Middle East & Africa – 10%

The report profiles several leading players of the medical plastics market that include SABIC (Saudi Arabia), BASF (Germany), Celanese (US), Evonik (Germany), Solvay (Belgium) and Covestro (Germany). The report also includes detailed information about various growth strategies adopted by these key players to strengthen their position in the market during this crisis period.

Research Coverage

The objective of this study is to define, describe, and forecast the impact of COVID-19 on the medical plastics market based on various segmentations and strategically analyze these market segments with respect to individual growth trends, growth prospects, and contribution to the overall growth. In this report, the medical plastics market has been segmented based on application, type, and region.

Key Benefits Of Buying The Report

The report is expected to help companies in the medical plastics market in the following ways:

  • This report comprehensively segments the impact of COVID-19 on the medical plastics market. It provides the closest approximations for the sizes of different segments and sub-segments of the market across different verticals and regions.
  • This report is expected to help stakeholders in obtaining an improved understanding of their competitors and gain insights about their businesses during this period. The competitive landscape section includes detailed information about strategies, such as donations, increased production, partnerships, which were undertaken by various key players to enhance their position in the medical plastics market during this crisis period.
Filed in: Advanced Material
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

3D Printing Plastics Market by Type (Photopolymer, ABS, PLA, Polyamide), Form (Powder, Liquid, Filament), Application, End-User Industry (Aerospace & Defense, Healthcare, Automotive, Electronics & Consumer Goods) and Region – Global Forecast to 2027

“The 3D printing plastics market is projected to register a CAGR of 21.5% during the forecast period.” The 3D printing plastics market is estimated to be USD  721 million in 2022 and is projected to reach USD  1,907 million by 2027, at a CAGR of 21.5% between 2022 and 2027. The supportive initiatives undertaken by governments of different countries to support adoption of 3D printing technologies in various industries is one of the most significant factors projected to drive the growth of the 3D printing plastics market. Increased supply of of 3D printing plastics due to forward integration of major polymer companies and mass customization are also contributing to the growth of the 3D printing plastics market. However, skepticism regarding acceptance of new technologies in emerging......
$4950

Thermal Interface Materials Market by Chemistry (Silicone, Epoxy, Polyimide), Type (Greases & adhesives, Tapes & Films, Gap Fillers), Application (Computers, Telecom, Consumer Durables, Medical Devices) and Region – Global Forecast to 2027

Growth in the thermal interface materials market can primarily be attributed to the growing involvement of amorphous polyethylene terephthalate in the computers, telecom, and medical devices, among others. Thermal interface materials (TIMs) are used to remove the heat generated by semiconductors to maintain the junction temperature of electronic & electrical components within safe operating limits. This heat removal process involves the conduction from a package surface to a heat spreader that can transfer the heat to the ambient environment more efficiently. The global thermal interface materials market size is estimated at USD 3.4 billion in 2022 and is projected to reach USD 5.6 billion by 2027, at a CAGR of 10.5%. Growth in the thermal interface materials market can primarily be at......
$4950

Metal Nanoparticles Market by Metal (Platinum, Gold, Silver, Iron, Copper, Nickel), Process (Chemical, Physical), End-use (Pharmaceutical & Healthcare, Electrical & electronics, Catalyst, Personal care & cosmetics) and Region – Global Forecast to 2026

The global metal nanoparticles market is projected to register a CAGR of 11.5% between 2021 and 2026, in terms of value. The global metal nanoparticles market size is projected to grow from USD 2.4 billion in 2021 to USD 4.2 billion by 2026, at a CAGR of 11.5% between 2021 and 2026. Rising focus of government on nanotechnology research, growing popularity of gold nanoparticles in the pharmaceutical & healthcare industry, and increasing application areas of nanoparticles, are driving the market for metal nanoparticles. However, toxicity caused due to nanoparticlesis expected to restrain this market. Growing pharmaceutical & healthcare industry isexpected to offer significant growth opportunities to manufacturers of metal nanoparticles. The major challenge faced by players is the ......
$4950

Prepreg Market by Fiber Type (Glass, Carbon, Others), By Resin Type (Thermoset, Thermoplastic), Form (Tow, Fabric), Manufacturing, Application ( Aerospace & Defense, Wind Energy, Sporting Goods, Automotive) and Region – Global Forecast 2026

“The prepreg market is projected to register a CAGR of 12.5% during the forecast period.” The global prepreg market size is estimated at USD 7.0 billion in 2021 and is projected to reach USD 12.6 billion by 2026, at a CAGR of 12.5%.Prepreg is being used in the aerospace & defense, wind energy, automotive, sporting goods, electronics, and other end-use industries. The increasing wind energy projects and demand of lightweight material from automotive industry support the demand for prepreg in the wind energy and automotive end-use industry.  “Carbon Fiber Reinforcement Type is the fastest-growing Fiber Reinforcement Type of prepregs, in terms of value.” The carbon fiber prepregs find wide applications in various end-use industries. Carbon fiber prepregs are used in auto......
$4950

Greenhouse Film Market by Resin Type (LDPE, LLDPE, EVA), Thickness (80 to 150 Microns, 150 to 200 Microns, More than 200 Microns), Width (4.5M, 5.5 M, 7M, 9M) and Region (APAC, Europe, North America, South America, MEA) – Global Forecast to 2026

“The greenhouse film market is projected to register a CAGR of 7.6% between 2021 and 2026.” The global greenhouse film market size is projected to grow from USD 5.9 billion in 2021 to USD 8.6 billion by 2026, at a CAGR of 7.6% between 2021 and 2026. APAC is estimated to be the largest consumer of greenhouse film. Global focus on increasing agricultural output, increased demand for greenhouse-cultivated crops, and growth in areas for greenhouse-protected cultivation are the key driving factors for the market. “LDPE resin segment is estimated to be the largest segment of the greenhouse film market.” LDPE resin segment is expected to lead the overall greenhouse film market in terms of value, between 2021 and 2026. The vital features of LDPE that make it suitable for use in g......
$4950

Rare Earth Metals Recycling Market by Application (Permanent Magnets, Alloys, Polishing Materials, Glass, Catalyst, Phosphor, Ceramics, Hydrogen Storage Alloys), Technology (Hydrometallurgical, Pyrometallurgical) and Region – Global Forecasts to 2026

“Increasing use of rare-earth elements that are used in the permanent magnet application is likely to drive the rare-earth metals market in the near future.” The rare-earth metals market is projected to grow from USD 5.3 billion in 2021 to USD 9.6 billion by 2026, at a CAGR of 12.33% during the forecast period. The increasing uses of rare-earth elements that are used in the permanent magnet application are likely to drive the rare-earth metals market. APAC is the fastest-growing market for rare-earth metals due to increase in production and consumption in China. Significant usage of permanent magnets offer a huge impetus to these advanced materials, are expected to drive the rare-earth metals market in the region. “In terms of value, Neodymium oxide segment is projected to lead......
$4950

Automotive Interior Materials Market by Type (Polymer, Genuine Leather, Fabric, Synthetic Leather), Vehicle Type, Application (Dashboard, Door Panel, Seats, Floor Carpets) & Region (APAC, Europe, North America, MEA, South America) – Global Forecast to 2026

“Optimizing fuel efficiency by reducing the overall weight of the vehicle” The automotive interior materials market is projected to reach USD 54.8 billion by 2026, at a CAGR of 2.6% from USD 48.1 billion in 2021. The automotive industry is currently under constant pressure to adapt to new changes due to technological advancements and end-user preferences. Vehicle interiors are key areas that have witnessed a rapid change due to various factors such as consumer demand for safety and comfort, preference for fuel efficiency, and increasing competition within the industry. Automotive interior materials are usually used in the manufacturing of seat covers, headrests, armrests, door panels, center consoles, floor mats, and dashboards. These materials are processed and supplied to OEMs for......
$4950

Recycled Carbon Fiber Market by Type (Chopped Recycled Carbon Fiber, Milled Recycled Carbon Fiber), Source (Aerospace Scrap, Automotive Scrap), End-use Industry and Region (North America, Europe, APAC, MEA and Latin America) – Global Forecast to 2026

“The recycle carbon fiber market is projected to register a CAGR of 12.0% during the forecast period.” The global recycled carbon fiber market size is projected to grow from USD 126 million in 2021 to USD 222 million by 2026, at a CAGR of 12.0% during the forecast period. These material features excellent properties such as high strength and modulus, low density, dimensional stability, and low thermal expansion. However, the negative impact of the COVID-19 pandemic across all the end-use industries has affected the recycle carbon fiber market adversely. The recycled carbon fiber market is growing due to the rise in the demand for cost-effective and high-performance materials, and stringent government regulations globally. “Chopped type is the fastest-growing segment in the recy......
$4950

Antimicrobial Plastics Market by Additive (Inorganic, Organic), Type (Commodity Plastics, Engineering Plastics, High-Performance Plastics), Application and Region (APAC, North America, Europe, MEA, South America) – Global Forecast to 2026

“Outbreak of pandemic and growing awareness pertaining to antimicrobial plastics” The antimicrobial plastics market is projected to reach USD 66.7 billion by 2026, at a CAGR of 10.8% from USD 40.0 billion in 2021. Increasing demand from applications such as medical and healthcare, packaging, and consumer goods; and consumer awareness pertaining to the importance of antimicrobial plastics are the major factors attributed to the market's growth. However, volatility in raw material prices and government regulations on the usage of plastics in certain applications are hampering market growth. Additionally, the growth of the textile industry is expected to offer lucrative opportunities for the market players. “The inorganic additive is the largest additive of antimicrobial plastics ......
$4950

Gas Separation Membranes Market by Material Type (Polyimide & Polyaramide, PS, CA), Application (N2 Generation & O2 Enrichment, HR, CO2 removal, Vapor/Gas Separation, Vapor/Vapor Separation, AD), Module (SW, HF) and Region – Global Forecast to 2026

“The global gas separation membranes market size is projected to reach USD 1.2 billion by 2026 from USD  0.9 billion in 2021, at a CAGR of 6.7% during the forecast period.” The global gas separation membranes market size is projected to reach USD 1.2 billion by 2026 from USD 0.9 billion in 2021, at a CAGR of 6.7% during the forecast period. The overall increase in demand for gas separation membranes in emerging economies such as APAC is driving the global gas separation membranes market. Various regulations regarding carbon capture and storage are driving the growth of the gas separation membranes market. The development of mixed matrix membranes is an opportunity for the gas separation membranes market growth. Commercialization of new and advanced membrane systems are also project......
$4950
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy