Covestro AG

NEWS RELEASE: Covestro: Formulating life-enhancing solutions for healthcare From hospitals to homes, versatile materials support the development of devices essential for medical professionals and patients alike From packaging to drug delivery, diagnostic, wearable devices and more, material solutions from Covestro are essential to a wide range of life-enhancing and life-saving healthcare applications. Covestro highlighted these solutions for healthcare and life science applications at MD&M West last week in Anaheim, Calif. The latest innovations enabled by Covestro materials include: InfoBionic.Ai’s MoMe ARC® system: This remote cardiac monitoring device features Makrolon® 2458 polycarbonate from Covestro. This material provides durability, biocompatibility, and aesthetic quality, enhancing the device’s performance and user experience. CQ Portfolio: A showcase of low carbon footprint solutions from Covestro, including a mono-material drug delivery demonstrator device that highlights simplified recycling by eliminating the need to sort different types of plastics as well as demonstrates the possibility of using regrind for the manufacture of new devices in the electronics industry. Platilon® TPU films enable high performance wearables: A functional pulse oximeter showcases TPU film as a robust, durable and reliable substrate, offering excellent stretchability and conformability for printed electronics in wearables. The company’s advanced materials include: Polycarbonate resins and blends: Covestro’s medical grade materials including, Makrolon®, Bayblend®, Apec® and Makroblend® deliver exceptional strength and durability for many applications, and have been used in drug delivery devices, respiratory applications, medical device housings and more. Polyurethane raw materials and adhesives: Baymedix® polyurethane adhesive and foam components offer excellent breathability, excellent absorption and low trauma removal. For wearable applications, Covestro offers skin-friendly adhesives and thermoformable foams for electronic embedding. Thermoplastic Polyurethane (TPU) resins: Texin® Rx TPU resins offer flexibility and strength, which are required for applications such as medical tubing and dental applications, resistant to cleaning agents and bacteria. Films: Dureflex® and Platilon® TPU films are breathable, elastic, and skin-friendly for wound care, smart patches, and wearables. Bayfol® TPU/PETG bi-layer films and Makrofol® PC films are utilized in medical packaging, with Makrofol® PC also offering excellent performance in steam sterilization. About Covestro Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself. The company is committed to becoming fully circular. In addition, Covestro aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group’s Scope 3 emissions are also set to be climate neutral by 2050. Covestro generated sales of EUR 14.4 billion in fiscal year 2023. At the end of 2023, the company had 48 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents). Find more information at . The opinions expressed in this news release are the author’s only and do not necessarily reflect those of Medical Design & Outsourcing or its employees.

DUBLIN--( BUSINESS WIRE )--The "Medical Plastics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. Global Medical Plastics Market to Reach $50.5 Billion by 2030 The global market for Medical Plastics estimated at US$31 Billion in the year 2022, is projected to reach a revised size of US$50.5 Billion by 2030, growing at a CAGR of 6.3% over the analysis period 2022-2030. Engineering Plastics, one of the segments analyzed in the report, is projected to record a 9.1% CAGR and reach US$6.3 Billion by the end of the analysis period. Growth in the High Performance Plastics (hpp) segment is estimated at 7.6% CAGR for the next 8-year period. The U.S. Market is Estimated at $8.2 Billion, While China is Forecast to Grow at 7.8% CAGR The Medical Plastics market in the U.S. is estimated at US$8.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.2 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.1 Billion by the year 2030. What`s New? Special discussions on the global economic climate and market sentiment Coverage on global competitiveness and key competitor percentage market shares Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial Online interactive peer-to-peer collaborative bespoke updates Access to digital archives and research platform Complimentary updates for one year Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes Key Attributes: Report Attribute Details No. of Pages 604 Forecast Period 2022 - 2030 Estimated Market Value (USD) in 2022 $31 Billion Forecasted Market Value (USD) by 2030 $50.5 Billion Compound Annual Growth Rate 6.3% Regions Covered Global MARKET OVERVIEW Plastics in Healthcare: Pioneering New Frontiers in Medical Device Evolution Trends Shaping the Medical Devices and Medical Plastics Industries Medical Plastics - A SWOT Analysis Global Economic Update COVID-19 Revives Interest in Plastics for Medical Industry Competitive Market Presence - Strong/Active/Niche/Trivial for 97 Players Worldwide in 2023 (E) Plastics Used in Medical Devices Types of Medical Plastics Recent Market Activity MARKET TRENDS & DRIVERS Bioplastics in the Medical Sector: A Sustainable Innovation Gaining Interest Growing Applications of Bioresorbable and Biodegradable Polymers Biodegradable Polymers in Nano Drugs: A Growing Market Rise in Importance of 3D Printing in Manufacturing of Medical Devices Multi-Jet Fusion Technology: Revolutionizing Medical 3D Printing PEEK Emerges as a Key Material for 3D Printing Medical Devices Micro-Moulding Medical Plastics, an Essential Manufacturing Technique for Implants and other Medical Devices Silicone Gains Increased Acceptance in Medical Applications Growing Prominence of Silicone in Surgical and Medical Device Bonding Drive Demand in Medical Applications Wearable Medical Devices: A Lucrative End-use Market for Medical Silicone Silicone Elastomers Gain Attractive Penetration in Medical & Healthcare Industry Growing Adoption of Medical Robots Creates Demand for High Strength Plastics Advancements in Medical Plastics and Production Capabilities Drive Innovative Applications Growing Demand for Point of care Diagnostics Drive Gains Plastics Aid Artificial Organs Revolutionize Medical Industry Engineered Resins Continue to Evolve PEEK Polymers Gain Importance in Orthopedic Implants Thermoplastic Elastomers Find Growing Use in Medical Industry Rising Popularity of TPEs for Medical Tubing Applications Antimicrobial Plastics for Medical Devices Gain Prominence Trends in Decorating Techniques Used in Medical Device Manufacture Disposables Widen Demand for Advanced Polymers Medical Device Packaging: A Pivotal Aspect of Modern Healthcare System Sterilization Techniques Play a Vital Role in Selection of Polymers for Medical Applications Sustainable Healing: Pioneering the Recycling Revolution in Medical Plastics Rise in Healthcare Expenditure to Drive Growth Demographic Trends Push the Market Ahead FOCUS ON SELECT PLAYERS (Total 97 Featured) BASF SE Lanxess AG Eastman Chemical Company Kuraray Co., Ltd. Exxon Mobil Corporation Covestro AG Chi Mei Corporation AdvanSource Biomaterials Corporation Invibio Ltd. Addiplast SA Engineered Polymers (India) Pvt., Ltd. Distrupol Ltd. Elix Polymers SLU Kraton Corporation GW Plastics, Inc. For more information about this report visit https://www.researchandmarkets.com/r/kq5v44 About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

DUBLIN, Feb. 19, 2024 /PRNewswire/ -- The "Medical Plastics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. Global Medical Plastics Market to Reach $50.5 Billion by 2030 The global market for Medical Plastics estimated at US$31 Billion in the year 2022, is projected to reach a revised size of US$50.5 Billion by 2030, growing at a CAGR of 6.3% over the analysis period 2022-2030. Engineering Plastics, one of the segments analyzed in the report, is projected to record a 9.1% CAGR and reach US$6.3 Billion by the end of the analysis period. Growth in the High Performance Plastics (hpp) segment is estimated at 7.6% CAGR for the next 8-year period. The U.S. Market is Estimated at $8.2 Billion, While China is Forecast to Grow at 7.8% CAGR The Medical Plastics market in the U.S. is estimated at US$8.2 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$8.2 Billion by the year 2030 trailing a CAGR of 7.8% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5% and 5.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$5.1 Billion by the year 2030. What`s New? Special discussions on the global economic climate and market sentiment Coverage on global competitiveness and key competitor percentage market shares Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial Online interactive peer-to-peer collaborative bespoke updates Access to digital archives and research platform Complimentary updates for one year Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes MARKET OVERVIEW Plastics in Healthcare: Pioneering New Frontiers in Medical Device Evolution Trends Shaping the Medical Devices and Medical Plastics Industries Medical Plastics - A SWOT Analysis Global Economic Update COVID-19 Revives Interest in Plastics for Medical Industry Competitive Market Presence - Strong/Active/Niche/Trivial for 97 Players Worldwide in 2023 (E) Plastics Used in Medical Devices Types of Medical Plastics Recent Market Activity MARKET TRENDS & DRIVERS Bioplastics in the Medical Sector: A Sustainable Innovation Gaining Interest Growing Applications of Bioresorbable and Biodegradable Polymers Biodegradable Polymers in Nano Drugs: A Growing Market Rise in Importance of 3D Printing in Manufacturing of Medical Devices Multi-Jet Fusion Technology: Revolutionizing Medical 3D Printing PEEK Emerges as a Key Material for 3D Printing Medical Devices Micro-Moulding Medical Plastics, an Essential Manufacturing Technique for Implants and other Medical Devices Silicone Gains Increased Acceptance in Medical Applications Growing Prominence of Silicone in Surgical and Medical Device Bonding Drive Demand in Medical Applications Wearable Medical Devices: A Lucrative End-use Market for Medical Silicone Silicone Elastomers Gain Attractive Penetration in Medical & Healthcare Industry Growing Adoption of Medical Robots Creates Demand for High Strength Plastics Advancements in Medical Plastics and Production Capabilities Drive Innovative Applications Growing Demand for Point of care Diagnostics Drive Gains Plastics Aid Artificial Organs Revolutionize Medical Industry Engineered Resins Continue to Evolve PEEK Polymers Gain Importance in Orthopedic Implants Thermoplastic Elastomers Find Growing Use in Medical Industry Rising Popularity of TPEs for Medical Tubing Applications Antimicrobial Plastics for Medical Devices Gain Prominence Trends in Decorating Techniques Used in Medical Device Manufacture Disposables Widen Demand for Advanced Polymers Medical Device Packaging: A Pivotal Aspect of Modern Healthcare System Sterilization Techniques Play a Vital Role in Selection of Polymers for Medical Applications Sustainable Healing: Pioneering the Recycling Revolution in Medical Plastics Rise in Healthcare Expenditure to Drive Growth Demographic Trends Push the Market Ahead FOCUS ON SELECT PLAYERS (Total 97 Featured) BASF SE Lanxess AG Eastman Chemical Company Kuraray Co., Ltd. Exxon Mobil Corporation Covestro AG Chi Mei Corporation AdvanSource Biomaterials Corporation Invibio Ltd. Addiplast SA Engineered Polymers (India) Pvt., Ltd. Distrupol Ltd. Elix Polymers SLU Kraton Corporation GW Plastics, Inc. For more information about this report visit About ResearchAndMarkets.com ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Media Contact: Research and Markets Laura Wood, Senior Manager [email protected] For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 Logo: SOURCE Research and Markets