According to market research study published by Gen Consulting Company, the global medical elastomers market is expected to reach approximately 4,828 thousand tons, representing a CAGR of 6.4% during the forecast period 2022-2028.

This industry report offers market estimates of the global market, followed by a detailed analysis of the product, application, and region. The global market data on medical elastomers can be segmented by product: thermoplastic elastomer, thermoset elastomer. Among these, the thermoset elastomer segment was accounted for the largest share of the market in 2021. Medical elastomers market is further segmented by application: catheters, gloves, implants, medical bags, medical tubes, non-wovens and films, syringes, others. The medical bags segment is estimated to account for the largest share of the global medical elastomers market. Based on region, the medical elastomers market is segmented into: Asia-Pacific, North America, Europe, MEA (Middle East and Africa), Latin America.

The thermoplastic elastomer market is further segmented into plasticized poly(vinyl chloride) (PVC-P), styrenic block copolymers (SBC), thermoplastic polyurethane (TPU), thermoplastic vulcanizates (TPVs), others. The SBC segment captured the largest share of the market in 2021 and is expected to maintain its dominance during the forecast period. Furthermore, the thermoset elastomer market has been categorized into butyl rubber, natural rubber (latex), silicones, others. According to the research, the natural rubber (latex) segment had the largest share in the global medical elastomers market.

The global medical elastomers market is highly competitive. Some of the leading companies operating in the market are Arkema S.A., Avient Corporation, BASF SE, Dow Inc., DuPont de Nemours Inc., Hexpol AB, Koninklijke DSM N.V., Kraton Corporation, Kuraray Co. Ltd., Momentive Inc., RTP Company, Teknor Apex Company.

The data-centric report focuses on market trends, status and outlook for segments. With comprehensive market assessment across the major geographies, the report is a valuable asset for the existing players, new entrants and the future investors.

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