BCC Research shows a strong growth in US medical plastics market

According to BCC Research, the US medical plastics market is expected to be almost 3.5 billion pounds (1.6 million tonnes) in 2010.

In BCC's recent report, it is forecasting the market to grow by a compound annual growth rate of about 5%, which would take plastics demand to about 4.4 billion pounds by 2015.

Commodity thermoplastics dominate the market with a little more than 55% of total volume. This sector is estimated at nearly 2 billion pounds in 2010 and should increase at a compound annual growth rate (CAGR) of 4.8% to reach 2.5 billion pounds in 2015.

TPEs, engineering resins, and thermosets will show the most significant growth rates over the next 5 years although they only constitute about 20% of total volume. Of these, TPEs will experience the highest compound annual growth rate (CAGR) of 6.2%, from 68 million pounds in 2010 to 92 million pounds in 2015.