Industry Background:
The Developments in Food & Beverage, Medical sector and Consumer Products Segment are Driving the Global Medical Plastics Extrusion Market. Extruded Plastics are Basically Plastics of Different Shapes and Sizes, taken Through the extrusion Process, wherein they are Forcibly Pushed through a tool that Imparts them a Shape and Form. All Types of Plastics are Easily Malleable and can be Manufactured in Endless Lengths and Shapes. Medical Plastic Extrusion Products are Essential Components which are extruded for Fluid Delivery Systems, Catheters, Surgical Devices, Advanced Medical Tubing, Lab and Analytical Devices, Medical and Pharma Filtration etc.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Vesta Inc. (United States), Vention Medical Inc. (United States), Putnam Plastics (United States), Pexco LLC (United States), Raumedic AG (Germany), Fluortek, Inc. (United States), Freudenberg Medical (United States), Teel Plastics (United States), Biomerics LLC (United States), A.P. Extrusion (United States) and ACE (Switzerland) |
According to AMA, the market for Medical Plastics Extrusion is expected to register a CAGR of 4.3% during the forecast period to 2027. This growth is primarily driven by Development in Technology in Medical Plastic Extrusion, The Increasing Demand from the Packaging Industry and Rising Disposable Income & High Standard of Living..
Globally, a noticeable market trend is evident Increasing Government Regulations and Norms Regarding Use and Disposal of Plastics, for Protecting the Environment. The Consumer Goods sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Vesta Inc. (United States), Vention Medical Inc. (United States), Putnam Plastics (United States), Pexco LLC (United States), Raumedic AG (Germany), Fluortek, Inc. (United States), Freudenberg Medical (United States), Teel Plastics (United States), Biomerics LLC (United States), A.P. Extrusion (United States) and ACE (Switzerland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The market is fragmented with many players who are involving manufacturing Medical plastic extrusion products for various medical use. However, the low cost associated with manufacturing & procurement of feedstock, excellent mechanical properties and entry of domestic players for raw materials will boost the extruded plastics market growth in the coming years.
Key Developments in the Market:
"March 18, 2019: Lubrizol Completes Acquisition of Laboratoire Phenobio, which will adds innovative botanical extracts and subcritical water extraction technology to portfolio. This addition expands Lubrizol's existing capabilities to provide clean natural ingredients across the cosmetic, nutraceutical and life sciences industries. and April 19, 2019: LyondellBasell and SUEZ Collaborate with Samsonite to Create Recycled Plastic Suitcase Collection. LyondellBasell and SUEZ, through its recycling joint venture, Quality Circular Polymers (“QCP”), converted post-consumer plastic such as packaging into a high quality polypropylene.
April 3, 2019, The Lubrizol Corporation announces the launch of its newest multifunctional, 2-in-1 rheology modifier, Carbopol Style 2.0 polymer. This novel technology provides rheology modification and also offers light to medium styling hold, reducing or eliminating the need for Polyvinylpyrrolidone (PVP) or fixatives.
Influencing Trend:
Increasing Government Regulations and Norms Regarding Use and Disposal of Plastics, for Protecting the Environment.
Market Growth Drivers:
Development in Technology in Medical Plastic Extrusion, The Increasing Demand from the Packaging Industry and Rising Disposable Income & High Standard of Living.
Challenges:
The Use and Disposal of Extruded plastics, particularly PVC and Aggravated Environmental and Human Health Hazards
Restraints:
The Medical Plastic Extrusion involves Large Manual Process Steps and Requires Post-moulding Operations to Remove Fash.
Opportunities:
The Intense Competition amongst Manufacturers Concerning the Supply of Raw Material and Polymers (Additives).
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Medical Plastics Extrusion Market
- Analysis about New Entrants in Medical Plastics Extrusion Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Medical Plastics Extrusion Study Sheds Light on
The Medical Plastics Extrusion Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Medical Plastics Extrusion industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Medical Plastics Extrusion industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.