This comprehensive Global (North America, Europe, Asia-Pacific, South America, Middle East and Africa) High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging Market research report includes a brief on these trends that can help the businesses operating in the industry to understand the market and strategize for their business expansion accordingly. The High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging Market research report analyses the market size, industry share, growth, key segments, CAGR and key drivers.
This report focuses on the High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
The worldwide market for High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging is expected to grow at a CAGR of roughly -7.2% over the next five years, will reach 130 million US$ in 2023, from 200 million US$ in 2017. High impact polystyrene, or HIPS, is a versatile plastic resin used in the manufacture of numerous products. Easy to fabricate, this resilient material costs little to produce and offers applications in many industries. Its physical properties permit flexible machining and surface applications such as paints and adhesives. The material can be used as packaging filler, pressed into board, molded into products, or delivered on sheets or rolls. Its characteristic dimensional stability permits it to be employed in low strength construction and in its natural translucent form makes it suitable for food processing applications.
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Scope of the Report:
First, for industry structure analysis, the HIPS for opaque rigid medical packaging industry is fragmented, but still more concentrated compared with the whole HIPS industry. Europe is the biggest production base of HIPS for opaque rigid medical packaging, followed by USA. The market shares in emerging markets are not high, but in fast growth.
Second, for production, the global production HIPS for opaque rigid medical packaging has reached 120 K MT by the end of year 2014, with annual growth rate around 2~4% during the past years. Despite the market of rigid medical packaging industry has been mature for many years, the development of HIPS in medical and health care industries is promising.
Third, for the market, the global HIPS for opaque rigid medical packaging market is worth over $250 mn, according to our survey. Actually, the overcapacity in HIPS might not be good news to the investors, but still, its high performance in hit resistance and acceptable price compared with engineering plastics makes it still promising in the future.
Fourth, for price trend analysis, a key variable in the performance of HIPS for opaque rigid medical packaging producers is raw material costs, specifically the speed at which any increase can be passed through to customers. The price of the major raw material PolyStyrene varies according to the crude oil price. This year, as the downturn of global crude oil industry, the HIPS price would keep decreasing for at least the following 5 years.
Fifth, for trade analysis, the import and export business of HIPS for opaque rigid medical packaging is frequent, with EU, USA and the leading exporter. The import business in Asia countries are frequent and local demand cannot be met with the production.
Sixth, for forecast, the global HIPS for opaque rigid medical packaging industry would keep increasing with annual growth rate with 1~3%, and a little higher speed in China. We tend to believe this industry now is now in fast development, and the demand increasing degree will show a smooth curve.
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Styrolution, Total Petrochemicals, Trinseo, Versalis, SABIC, KKPC, PS Japan, CHIMEI, King Plastic Corporation, Hong Kong Petrochemical, Formosa, LG Chem, Total(China), Zhengjiang CHIMEI, Formosa Plastics (Ningbo), Astor Chemical Industrial..
Market by Product Type:
Extrusion molding, Injection molding…
Market by Application:
Work-in-progress trays, Thermoformed pharmaceutical packaging, Packaging for economical medical devices…
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The High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging Market report offers a forecast of revenue, CAGR, and cumulative revenue. The gathered information about High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging Industry Global business is represented in the figures, tables, pie chart, and graphs.
Research Study provides in-depth analysis on this report:
- Marketing strategy analysis and development trends.
- High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging Market effect factor analysis.
- Emerging niche segments and regional High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging Markets.
- A complete framework analysis, including an assessment of the parent market.
- An empirical assessment of the trajectory of the High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging Market.
The statistical analysis, the report depicts the global total market of High Impact PolyStyrene (HIPS) for Opaque Rigid Medical Packaging Industry including capacity, production, production value, cost/profit, supply/demand import/export. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
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Mr. Jeet Jain