Los Angeles, December 18, 2019 – QY Research has recently published a report titled, “Global Medical Rubber Stopper Market Professional Survey Report 2019”, according to the report, the global medical rubber stopper market was worth US$639.87 mn during 2018 and is expected to reach US$817.01 mn by the end of 2025, registering a CAGR of 3.33% during the forecast period of 2019 to 2025.
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Ability to Primarily Seal a Container Adequately Likely to Augment Demand
Rubber stoppers are extensively used for medical purposes as they help in sealing liquid or gaseous form of chemicals in a safe manner. They are preferred over stoppers made of cork as they offer greater chemical resistance and tighter sealing. Rubber stoppers also help in sealing the liquid or gas from escaping or evaporating. It also prevents from contamination of samples. It allows experimenters to shake the solution without spilling them. Some of them contain couple of holes to allow insertion of test, pipettes, or tubing equipment.
It is majorly preferred due to its permeability and chemical resistance and elasticity. Its non-permeability allows it to seal the liquid or gas from escaping. Its resistance against chemical makes it compatible with many reactive and corrosive components. The elasticity delivers tight seal for the glassware.
Laboratory Segment Flourishes as it Provides Specific Demands for Experiments
Laboratory rubber stopper segment is expected to lead the market as it is substantially used in chemical laboratories for experiments. As different experiments require different material, rubber stoppers comes in various forms, shapes, and sizes to fulfil the specific demand.
North America Expected to Lead as it has the Largest Number of Chemical Producers
North America is expected to lead the market as USA is the largest and leading producer of chemicals and pharmaceuticals. This region will witness growth due to investment in research and development activities by various key players to increase the competition in the market. China is also expected to rise as there are numerous emerging players in this region.
Key players are coming up with innovations to sustain the competition in the market. New players are emerging in the market which will result in increased competition. Companies are merging and acquiring ownership to increase market shares, cost efficiency, and value generation.
The key players operating in the global medical rubber stopper market are Jiangsu Best, Datwyler, Hubei Huaqiang, Hebei First Rubber, and Jintai.
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