The extensive usage of biodegradable polymers in medical devices is expected to push the global biodegradable polymers market. The report estimates the growth of the overall market during the period between 2012 and 2018. The report provides a brief overview of the market, defining the key terms, and estimates the valuation and size of the market by the end of the forecast period. The report studies the drivers and restraints affecting the growth of the global biodegradable polymers market and points out the new emerging trends and opportunities in the market. The report further analyzes the effect of Porter’s Five Forces on the growth of the market.
The report provides an in-depth study of the global biodegradable polymers market and analyzes the various market segments. Profiles of the key players in the biodegradable polymers market have also been included in the report.
Overview of the Global Biodegradable Polymers Market
Chemically, a polymer containing a double-carbon (C-C) backbone resists degradation, whereas hetero-atom-containing polymer backbones (C-X) are biodegradable. The report points out that the increase in environmental pollution due to the use of petroleum-based polymers, which are nonbiodegradable in nature, has led to the growing demand for biodegradable polymers. Increasing awareness about the environment has intensified the focus on the biodegradable polymers market.
Growing prices of crude oil, which is the base source for the production of petroleum-based polymers, has also helped in pushing the global biodegradable polymers market. The report cites that the use of degradable polymeric biomaterials for biomedical applications has opened new opportunities for the overall market.
The report studies the various segments of the global biodegradable polymers market. Biodegradable polymers find extensive usage in pharmaceutical, agricultural, biomedical, and packaging applications. Biodegradable polymers used in the pharmaceutical and biomedical industries are made up of polyesters based on polyglycolide, polyactide, and polycaprolactone, which are biocompatible. Degradation of these materials yields the corresponding hydroxyl acids, making them safe to be used inside the body.
The report studies the biodegradable polymers market in four key regions: Asia Pacific, Europe, North America, and Rest of the World. Owing to consumer awareness regarding the use of renewable polymers, Europe has emerged as the leading market for biodegradable polymers. North America is expected to grow considerably during the forecast period, due to the consumer shift and rising crude oil prices. The report mentions that during the forecast horizon, Asia Pacific is estimated to witness rapid growth, with countries such as China and Japan evolving as major markets for biodegradable polymers.
Companies mentioned in the research report:
The report profiles the key players operating in the global biodegradable polymers market, such as Cereplast, BASF, Cortec group, FP International, Mitsui Chemicals, and BIOTEC GmbH& Co. The report analyzes the market share held by each player and forecasts their growth during the period between 2012 and 2018. The financial overview, product portfolio, and business strategies of the players have been mentioned in the report.
Major geographies analyzed under this research report are:
- Asia Pacific
- North America
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments