Dublin, Nov. 08, 2023 (GLOBE NEWSWIRE) — The report titled “Global Eco-Friendly Polymer Market (2023 Edition): Evaluation by Product Category (Artificial, Organic), Polymer (PEEK, PTFE, PHA, PVC, Others), Usage, Regions, Countries: Market Overview and Prediction (2019-2029)” has been included in researchandmarkets.com offerings.
Thank you for reading this post, don't forget to subscribe!The projected revenue generated by the global eco-friendly polymers market by the conclusion of 2029 is anticipated to reach US$28.7 billion, as opposed to US$12.76 billion in 2022. The market is expected to undergo expansion in the forecast period 2024-2029, with a compound annual growth rate (CAGR) of 13%.
The research encompasses a comprehensive analysis of regions (Americas, Europe, APAC, Middle East and Africa) and 10 countries (United States, Canada, Brazil, Germany, United Kingdom, France, Australia, Japan, China, South Korea).
The market is growing due to the increasing consumer consciousness and demand for environmentally friendly materials utilized in various applications such as medical apparatus, drug delivery systems, tissue engineering, and biodegradable packaging. The development of innovative, eco-friendly polymers with enhanced properties is being fueled by advancements in polymer science and technology, along with a heightened focus on sustainable and environmentally friendly solutions.
The growth of this market is driven by the rising demand for eco-friendly polymers in medical and surgical uses, heightened understanding of the benefits of utilizing eco-friendly materials over traditional metals and plastics, as well as advancements in bio-materials research. However, the market’s expansion is hindered by the high costs associated with research and development operations.
An important factor propelling the growth of the eco-friendly polymers industry is the escalating demand for blood-compatible polymers for drug delivery applications. These polymers, also referred to as hemocompatible polymers, are materials that do not cause adverse reactions or clotting upon contact with blood. Their significance lies in the development of safe and efficient drug delivery systems that can circulate within the bloodstream without causing harm to the patient.
This demand extends across a wide array of drug delivery applications, including cancer treatment, cardiovascular therapy, and the treatment of chronic diseases, which contributes to the industry’s growth.
Moreover, the research report furnishes data including market size, annual growth and potential analysis, competitive analysis of market players, investment opportunities, and demand projection. It evaluates growth indicators, constraints, supply and demand risks, and other crucial statistics, and provides a comprehensive assessment of current and future market trends that are pertinent to market growth.
Key Features:
| Report Characteristic | Description |
| number of pages | 270 |
| forecast period | 2024 – 2029 |
| Estimated market value in 2024 (USD) | $15.52 billion |
| Estimated market cap by 2029 (USD) | $28.69 billion |
| compound annual growth rate | 13.1% |
| Area covered | global |
Insights on the Global Eco-Friendly Polymer Market
- Evaluation of Macro Economic Factors Impact on Eco-Friendly Polymer Market
- Global Suppliers of PLA in the Eco-Friendly Polymer Market
- Global Suppliers of PHA in the Eco-Friendly Polymer Market
- Global Producers of PBS in the Eco-Friendly Polymer Market
- Patent Applications in Medical Technology in the Eco-Friendly Polymer Market
- List of Common Medical Devices/Implants in the Eco-Friendly Polymer Market
- Types of Plastics Commonly Found in Healthcare in the Eco-Friendly Polymer Market
- Market Value Estimation, 2019-2029 (Billion US$) in the Eco-Friendly Polymer Market
- Impact of COVID-19 on the Eco-Friendly Polymer Market
Historical and Forecast (2019-2029) of the Global Eco-Friendly Polymer Market:
Segmentation of the Eco-Friendly Polymer Market by Product Category
- Market Size of Eco-Friendly Polymers, by Artificial Polymer, by Value, 2019H-2029F (USD Billion and CAGR)
- Market Size of Eco-Friendly Polymers, by Organic Polymers, by Value, 2019H-2029F (USD Billion and CAGR)
Segmentation of the Eco-Friendly Polymer Market by Polymer
- Market Size of Eco-Friendly Polymers, by Polyetheretherketone (PEEK), by Value, 2019H-2029F (USD Billion and CAGR)
- Market Size of Eco-Friendly Polymers, Polytetrafluoroethylene (PTFE), by Value, 2019H-2029F (USD Billion and CAGR)
- Market Size of Eco-Friendly Polymers, by Polyhydroxyalkanoates (PHAs), by Value, 2019H-2029F (USD Billion and CAGR)
- Market Size of Eco-Friendly Polymers, Polyvinylchloride (PVC), by Value, 2019H-2029F (USD Billion and CAGR)
- Market Size of Eco-Friendly Polymers, by Other Polymers, by Value, 2019H-2029F (USD Billion and CAGR)
Segmentation of the Eco-Friendly Polymer Market by Usage
- Market Size of Eco-Friendly Polymers, by Surgical and Medical Devices, by Value, 2019H-2029F (USD Billion and CAGR)
- Market Size of Eco-Friendly Polymers, by Implant, by Value, 2019H-2029F (USD Billion and CAGR)
- Market Size of Eco-Friendly Polymers, by Drug Delivery, by Value, 2019H-2029F (USD Billion and CAGR)
- Market Size of Eco-Friendly Polymers, By Other Usages, By Value, 2019H-2029F (USD Billion & CAGR)
Companies Assessed in the Report:
- BASF
- Covestro Group
- Avient
- Celanese Corporation
- DIC Group
- Johnson Matthey
- Evonik
- Mitsubishi Chemical Group
- Victrex
- Sekisui Chemicals
For more details on this report, visit here
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Global Biocompatible Polymer Market
Source: www.globenewswire.com
