Top Companies in Medical Plastics Market | Key Players Comprehensive and In-depth Analysis Forecast Research Report | Vantage Market Research

Plastics are a type of polymer that can be molded into almost any shape. Thermoplastic materials are commonly used in medical plastics.

Top Companies in Medical Plastics Market | Key Players Comprehensive and In-depth Analysis Forecast Research Report | Vantage Market Research
medical plastics market

Market Overview:

The Global Medical Plastics Market is valued at USD 45.1 Billion in the year 2021 and is forecasted to reach a value of USD 68.8 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 7.3% over the forecast period.

The growing geriatric population Asian countries like China and the increasing demand for home healthcare are the major drivers of the growth of Medical Plastics market. Upgrading of various infection prevention standards coupled with a growing volume of the surgical, hospital, and outpatient procedures are anticipated to drive the market growth. Fluctuation in oil prices has been a major factor responsible for volatility in the prices of Polyethylene (PE), Polypropylene (PP), and Polycarbonate (PC). Capacity expansion and contraction have also contributed to price volatility in the market.

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Some of the key players operating in the Medical Plastics Market are listed below:

Company Name

Revenue in the US

  • Röchling SE & Co. KG  

$48 Million

  • Nolato AB  

$11 Billion

  • Compagnie de Saint-Gobain

$48 Billion

  • Saudi Basic Industries Corporation known as SABIC  

$31 Billion

  • Orthoplastics  

$22 Million

  • Eastman Chemical Company 

$10 Billion

  • Celanese Corporation

$8 Billion

  • DOW

$55 Billion

  • Trelleborg AB  

$3 Billion

  • Avantor Inc

$7 Billion

  1. Röchling SE & Co. KG

The company was founded in 1822 is a plastics engineering company headquartered in Mannheim, Baden-Württemberg, Germany. The company has three divisions: Industrial, Automotive and Medical. Currently Röchling employs 11,094 people in 90 locations across 25 countries, with annual sales of €2.039 billion in 2020. Its headquarters are in Mannheim, Germany.

  1. Nolato AB

The Company is a manufacturer and distributor of polymer products and components. The company offers products such as breathing bags, catheter balloons, EMI shielding, thermal management, laboratory products, pharma packaging, and non-conductive sealing and damping, and protection plugs. The company headquarters are in Torekov, Sweden and was founded on 1938.

  1. Compagnie de Saint-Gobain

This Company is a French multinational corporation, founded in 1665 in Paris and headquartered on the outskirts of Paris, at La Défense and in Courbevoie. Originally a mirror manufacturer, it now also produces a variety of construction, high-performance, and other materials.

  1. Saudi Basic Industries Corporation known as SABIC

The Company is Saudi chemical manufacturing company. 70% of SABIC's shares are owned by Saudi Aramco. It is active in petrochemicals, chemicals, industrial polymers, fertilizers, and metals. The headquarters are situated in Riyadh, Saudi Arabia and was founded on Sept 1976.

  1. Orthoplastics

The Company is incorporated in 2005 and headquarters are in Bacup, England. Is fully dedicated to the medical sector, producing the highest grade of orthopaedic UHMWPE products on the market. A combination of rigorous quality control systems ensures that Orthoclastic continually exceed the Documented Quality System requirements of International Standards, including surpassing the specifications of 21 CFR 820. Orthoclastic have been accredited to ISO 9001, ISO 13485 and ISO 14001, which are all regulated under Validation Control (IQ, OQ/PQ) and FMEA studies.

  1. Eastman Chemical Company

The Company is an American company primarily involved in the chemical industry. Once a subsidiary of Kodak, today it is an independent global specialty materials company that produces a broad range of advanced materials, chemicals, and fibers for everyday purposes. The headquarters are in Kingsport, United States. And it was founded in the year 1920.

  1. Celanese Corporation

The Company formerly known as Hoechst Celanese is an American technology and specialty materials company headquartered in Irving, Texas. It was founded in the year 1918.

  1. DOW

The Dow Chemical Company is an American multinational chemical corporation headquartered in Midland, Michigan, United States, and is a subsidiary of Dow Inc. The company is among the three largest chemical producers in the world. Dow manufactures plastics, chemicals, and agricultural products. The headquarters of the company is in Midland, United States.

  1. Trelleborg AB

The Company is a global engineering group focused on polymer technology, with headquarters in Trelleborg, Sweden, with 21,230 employees, and with yearly revenue of 33.8 billion SEK. Its stock has been publicly listed on stock exchanges since 1964, and currently is listed on the Nasdaq Stockholm, large cap. It was founded in the year 1905.

  1. Avantor Inc

The Company is a chemical and materials company headquartered in Radnor, Pennsylvania. The company ranked 484th on the 2020 Fortune 500, based on its 2019 sales. It was founded in the year 1904.

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