Medical plastics demand to expand at 5%, highest growth rates in TPEs


The U.S. medical plastics market is expected to reach almost 3.5 billion lb of demand by the end of 2010 and will grow at a compound annual growth rate (CAGR) of about 5%, consuming about 4.4 billion lb, by 2015. Those findings from BCC Research's new report "Medical Plastics", which focuses on medical plastics converted via injection molding, extrusion, film casting, solvent casting, blow molding, and thermoforming.

The report notes that commodity thermoplastics dominate the market with a little more than 55% of total volume. This portion of the sector's demand is estimated at nearly 2 billion lb in 2010 and should increase at a CAGR of 4.8% to reach 2.5 billion by in 2015

Read more