Biomaterials Market

Market Leaders - Biomaterials Market

The biomaterials market is projected to reach USD 64.2 Bn by 2029 from USD 45.2 Bn in 2024, at a CAGR of 7.3% during the forecast period. The uphill rise of the biomaterials market can be credited to the rise in the demand for biomaterials in plastic surgery and wound healing and the increasing versatility of biomaterials in various therapeutic areas. Rising demand for implantable devices and increasing funding and investments in regenerative and personalized medicine are expected to drive lucrative market growth in the forecast period.

The global biomaterials market is highly competitive with multiple companies competing for high market shares. The prominent players operating in this market include BASF SE (Germany), Covestro AG (Germany), Celanese Corporation (US), Carpenter Technology Corporation (US), DSM (Netherlands), Corbion NV (Netherlands), Evonik Industries AG (Germany), Victrex Plc (UK), CeramTec GmbH (Germany), Mitsubishi Chemical Group Corporation (Japan), CoorsTek Inc. (US), Berkeley Advanced Biomaterials (US), CAM Bioceramics B.V. (Netherlands), Zeus Company Inc. (US), AMETEK Inc. (US), and GELITA AG (Germany) among others.

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BASF SE (Germany)

BASF SE produces, markets, and sells chemicals, plastics, crop protection products, and performance materials. The company’s major products include MDI, TDI, polyurethanes, care chemicals, pigments, resins, petrochemicals, melamine, glues, and impregnating resins. The products offered by BASF are used in various applications such as agriculture, architecture paints & coatings, automotive & transportation, chemicals, coatings solutions, construction, electronics & electric, furniture & wood, and nutrition, among others. BASF SE has a vast product portfolio in the biomaterials market. The company’s wide geographical presence with its production facilities, subsidiaries, and distribution channels enables it to reach out to a large customer base. It also focuses on expanding its product portfolio in other industries to meet customer expectations.

Covestro AG (Germany)

Covestro manufactures and supplies high-performance plastics and polymer materials. It caters to the demands of various industries, such as automotive, construction & architectural, cosmetics electronics, appliances & telecom, energy, industrial and agricultural applications, marine & ships, packaging & print, rail, security & protection, sports & leisure, wood & furniture, and healthcare. Covestro is one of the leading companies in the high-tech polymer materials market. It focuses on improving its innovation capability by implementing sustainable solutions and reducing its carbon footprint. It also aims to digitize its operations in production, research, and customer support.

Celanese Corporation (US)

Celanese Corporation is a global chemical and specialty materials company offering solutions to various industries, such as automotive, chemical additives, construction, consumer and industrial adhesives, consumer and medical, energy storage, filtration, food & beverage, paints and coatings, paper and packaging, performance, and industrial and textiles. Celanese is one of the key players in the biomaterials market. The company has a wide range of product offerings, including biomaterials for medical devices and drug delivery systems. A comprehensive range of products, a high focus on R&D, and a strong geographical presence are the key factors contributing to the leading position of the company in this market.

Carpenter Technology Corporation (US)

Carpenter Technology develops, produces, and markets premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels for critical applications in the aerospace, defense, medical, transportation, energy, industrial, and consumer markets. The company offers superior-grade alloys, stainless steel, and titanium and manufactures certain metal powders, such as spherical gas atomized powders, implantable alloys, and fabricated metal products. Carpenter Technology leverages its expertise to contribute to the advancements in medical and other industries. The company is recognized for its capability to innovate and develop advanced materials, including biocompatible alloys and biomaterial solutions, and for its continuous R&D efforts to create materials with enhanced properties that are suitable for various medical applications.

Evonik Industries AG (Germany)

Evonik serves the health, consumer, and real estate markets globally with a major focus on health, nutrition, and resource efficiency. Evonik AG has extensive expertise in developing and manufacturing a wide range of specialty materials, including biomaterials and in-depth knowledge of material science, allowing for the creation of innovative and high-performance biomaterial solutions.

Related Reports:

Biomaterials Market by Type (Metallic (Gold, Magnesium), Ceramic (Aluminum Oxide, Carbon), Polymer (Polyethylene, Polyester), Natural (Hyaluronic acid, Collagen, Gelatin)), Application (Orthopedic, Dental, CVD, Ophthalmology) - Global Forecast to 2029

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Biomaterials Market Size,  Share & Growth Report
Report Code
BT 1556
RI Published ON
3/4/2024
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