Market Research Blog

The market for bioresorbable polymers is expected to grow at a rate of 10.9% from 2023 to 2033, with revenue expected to reach USD 3,937.8 million from USD 1,339.4 million in 2023.

As sustainable solutions gain traction, the healthcare industry is witnessing a significant revolution in the market for bioresorbable polymers.

These cutting-edge polymers, also referred to as biodegradable polymers, have drawn notice because of their special qualities and capacity to change medical procedures and treatments that are influencing future trends in the industry.

With growing concerns for patient well-being, reduced healthcare costs, and environmental sustainability, the adoption of bioresorbable polymers is witnessing a substantial surge.

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By leveraging bio-based raw materials and engineered industrial processes, these polymers are mass-produced, catering to the rising demand across various healthcare applications.

In addition to their environmental benefits, bioresorbable polymers offer significant advantages in drug delivery systems that are fostering market growth.

These polymers can be tailored to encapsulate and release drugs in a controlled manner, allowing for targeted and prolonged drug delivery, opening up new possibilities for the treatment of various diseases, as it eliminates the need for frequent administrations and reduces the risk of adverse side effects.

The drug delivery category is expected to remain prominent in the bioresorbable polymers market, with continuous advancements in polymer formulation and manufacturing techniques.

The market for bioresorbable polymers faces challenges in complying with stringent regulatory guidelines and obtaining necessary approvals for medical devices and applications.

Developing and commercializing bioresorbable polymers requires significant investments in research, development, and manufacturing capabilities, which can pose financial challenges for smaller companies and startups.

Despite the challenges that exist in the market, bioresorbable polymers have the potential to revolutionize drug delivery by enabling the controlled and targeted release of medications. This opens up new possibilities for personalized medicine and improved treatment outcomes.

Continued investment in research, development, and manufacturing capabilities, along with supportive regulatory frameworks, is crucial in overcoming these challenges and capitalizing on the opportunities in the market for bioresorbable polymers.

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Key Takeaways:

• The bioresorbable polymers industry in the United States of America is expected to hold a value share of 27.8% in 2023.
• The bioresorbable polymers industry in Germany likely represents a 7.0% value share in 2023.
• During the forecast period, the market for bioresorbable polymers in India witnesses a significant growth rate of 12.7%.
• The market in the United Kingdom is expected to achieve a CAGR of 8.2% in the market from 2023 to 2033.
• By application, drug delivery is projected to be capturing a value share of 37.0% in 2023 in the global market.

How Fierce Is the Competition in the Bioresorbable Polymers Market?

The competition in the bioresorbable polymers industry is increasingly fierce as more players recognize the market potential and strive to capitalize on the growing demand for sustainable healthcare solutions.

Key market players are actively engaged in research and development activities to innovate and introduce new bioresorbable polymer products with enhanced properties and functionalities.

The market is characterized by a mix of established companies and emerging players, each striving to gain a competitive edge.

Established companies leverage their experience, strong distribution networks, and brand reputation to maintain their market share. They often have significant investments in research and development, manufacturing capabilities, and regulatory compliance, which pose barriers to entry for new entrants.

Emerging players, on the other hand, focus on disruptive technologies, product differentiation, and niche applications to carve a niche in the market. These companies often bring fresh perspectives, agility, and innovative solutions, challenging established players.

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Top Key Players in the Bioresorbable Polymers Market

• Corbion NV
• Evonik Industries AG
• Poly-Med Inc.
• Foster Corp.
• Abbott
• KLS Martin Group
• 3D Biotek LLC.
• Sunstar Suisse S.A.
• DSM
• Futerro

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The market for high-silica zeolites is anticipated to grow at a moderate 1.2% CAGR over the course of the forecast period, translating into a rise in market share from USD 1.22 billion in 2022 to USD 1.37 billion by 2032. A few of the factors driving this growth are the unique qualities and adaptability of high-silica zeolites, which are finding increasing applications in sectors like petrochemicals, construction, and agriculture. The demand for high-silica zeolites is expected to grow steadily in the coming years, despite a relatively modest growth rate. This indicates the materials’ continued relevance and potential in a variety of industries.

The high-silica zeolite market encompasses a wide array of industries, including petrochemicals, refining, detergents, environmental protection, and more. These zeolites exhibit exceptional thermal stability, high surface area, uniform pore structure, and ion-exchange capabilities, making them indispensable in various processes.

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Key Drivers and Trends:

1. Growing Demand in Catalysis: High-silica zeolites serve as crucial catalysts in numerous chemical processes, such as catalytic cracking, hydrocracking, and isomerization. The increasing emphasis on sustainable and environmentally friendly catalytic processes is propelling the demand for high-performance zeolite catalysts.
2. Rising Focus on Clean Energy: With the global shift towards cleaner energy sources, high-silica zeolites play a vital role in catalytic converters for the automotive industry, facilitating the conversion of harmful emissions into less harmful substances. Moreover, these zeolites are instrumental in enhancing the efficiency of biofuel production processes.
3. Advancements in Zeolite Synthesis: Ongoing research and development efforts are aimed at enhancing the synthesis techniques of high-silica zeolites to achieve tailored properties suitable for specific applications. Innovations such as template-directed synthesis and post-synthetic modification are expanding the possibilities in zeolite design and functionality.
4. Focus on Environmental Remediation: High-silica zeolites are increasingly being utilized in environmental applications, including water purification, soil remediation, and air filtration. Their exceptional adsorption capacity for heavy metals, volatile organic compounds, and other pollutants makes them invaluable in addressing environmental challenges.
5. Emerging Applications in Healthcare: The unique adsorption and ion-exchange properties of high-silica zeolites are finding applications in the healthcare sector, ranging from drug delivery systems to wound healing and tissue engineering. These materials offer controlled release of active pharmaceutical ingredients and facilitate targeted therapy approaches.

Future Outlook:

The outlook for the high-silica zeolite market remains promising, driven by increasing demand from end-use industries and ongoing technological advancements. As sustainability and environmental concerns continue to gain prominence, the demand for high-performance materials like high-silica zeolites is expected to soar, creating lucrative opportunities for market players in the coming years.

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High-Silica Zeolite Market: Market Participants

Some of the key players involved in the manufacturing of high-silica zeolite are

• Honeywell International Inc
• CECA Arkema Group
• BASF SE
• Tosoh Corporation
• Zeochem AG
• Zeolyst International
• W. R. Grace
• CWK Chemiewerk Bad Köstritz GmbH
• Clariant AG.

Key Segmentation

By Type:

• USY Type
• ZSM-5 Type
• Beta Type
• Others

By Application:

• Petroleum refining catalysts
• Petrochemical catalysts
• Others

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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At a compound annual growth rate (CAGR) of 6.1%, the value of the global industrial ceramics market was estimated to be USD 118.9 billion in 2022 and is projected to reach USD 218.1 billion by 2032.

The global infrastructure improvement trend is anticipated to have a significant impact on the industrial ceramics market in the near future. Here, the flagbearer is the construction vertical. Globally, ceramic implants are becoming more and more popular as a result of advances in medical technology. They are more widely utilized in the sub-verticals of dentistry and orthopaedics.

Applications for industrial ceramics can be found in a variety of end markets, including oil and gas, automotive, aerospace and aviation, and healthcare.

The automotive sector has industrial ceramics-based products like ceramic bearings, mechanical seals, sensors, and valves. For instance – Yttria Stabilized Zirconia (one of the ceramic materials known for higher tensile strength) is well-suited for pump components like fuel injectors, and the mechanical seals for highly durable engines.

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Coming to pumps, critical components like stator and rotor are being produced from the industrial ceramics; particularly in the applications that involve movement of the high-temperature fluids. The major advantage is that industrial ceramics perform better under high temperatures and do have a better resistance against wear and corrosion. Insulation tiles are known for having a long history of utilization in the space shuttle program of NASA.

In today’s world, advanced industrial ceramics like glass-ceramic composites are used for making windows, panels, canopies, and lenses due to the higher heat resistance and being lightweight.

Future Market Insights has etched these facts with future perspectives in its latest market study entitled ‘Industrial Ceramics Market’. It has its determined team of analysts and consultants for executing through 360-degree view in its primary, secondary, and tertiary modes of research.

“With automotive and medical verticals increasingly asking for ceramics, the industrial ceramics market is likely to grow on a grand note in the near future”, says an analyst from Future Market Insights.

Key Takeaways from the Industrial Ceramics Market

• The Asia-Pacific holds the largest market share with rapidly expanding automotive vertical, fast-paced energy & power sector, and rising innovation in healthcare and aviation in Japan, China, and India.
• Europe and North America have conventionally been stronger markets for industrial ceramics. The scenario is expected to remain unchanged even in the forecast period. The US, Germany, and the UK are leading from the front.

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Competitive Analysis

• Kyocera Corporation, in the year 2019, did announce that it had acquired Friatec GmbH’s ceramic business. It has actually given the company a ceramic production all across the Europe; thereby letting it fulfil expansion of industrial machinery components.
• CeramTec, in 2021, did create a novel 3D printing technology for getting construction pieces from technical ceramics. It’s a quick and low-cost 3D printing method.
• SCOTT AG, in September 2021, completed acquisition of Applied Microarrays Inc. for expanding the diagnostic business.
• Bodycote, in April 2021, completed acquisition of Ellison Surface Technologies for creating the biggest engineered coating surface technology along with thermal spray services.
• Oerlikon Balzers, in April 2021, expanded the first customer center in Vietnam; thereby expanding its footprints in the Asia-Pacific.
• AGC Ceramics Co., Ltd., in December 2022, entered into collaboration with AMSKY technology Co., Ltd. for expanding the sales of BRIGHTORBTM 1, the 3D printing material in China.
• Kyocera, in February 2022, did launch the high-speed ceramic packages as well as substrates for the optoelectronic devices at OFC.
• AGC Si-tech, in July 2022, did launch Integrated Silica Product Brand RESIFATM to expand eco-friendly silica products like Microplastic Substitutes all through Norway.
• CeramTec, in April 2021, did develop a ceramic power module for the drive inverters for e-mobility solutions. The company collaborated with Fraunhofer Institute for Integrated Systems and Device technology for developing cooling solutions for power electronics in the e-mobility drive trains.

Key companies profiled

Kyocera, Anderman Industrial Ceramics, Elan Technology, Khyati Ceramics, Industrial Ceramic Products, Inc., Advanced Industrial Ceramics (AIC), Carborundum Universal Limited, CM Cera, A&B Industrial Ceramics, Schaefer Industrial Ceramics.

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What Does the Report Cover?

• The research study is based on type (alumina, silicon carbide, tungsten carbide, mullite, cordierite, zirconium dioxide, and silicon nitride), by product (pipes & tubes, insulators, knives & cutters, medical implants, fiber optic connectors, electrical connectors, nozzles, rods, filters, coatings, and formed components), and by end-use (automotive, aerospace & aviation, power, oil & gas, healthcare, and industrial).
• With growing demand from building and construction vertical, the global industrial ceramics market is bound to grow on an impertinent note in the forecast period.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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The market for flame-retardant chemicals is expected to be valued USD 8,560 million in 2022. By 2032, the market is expected to have grown at a compound annual growth rate (CAGR) of 7.1%, with a projected value of USD 16,990 million.

In order to comply with fire prevention and safety regulations, end-use verticals such as transportation, electrical and electronics, and construction are also increasingly integrating flame retardant chemicals into their daily operations. Flame retardant chemicals do reduce the risk of fire from consumer and electrical goods in homes and offices. They also serve the purpose of protecting contemporary materials and machinery, such as cables, circuit boards, building insulation, and engineering thermoplastics.

However, halogenated flame retardants like chlorinated, brominated, and others are not preferred due to the health hazards caused by them. It needs to be known that some compounds like HBCD (Hexabromocyclododecane) are banned in Canada, Japan, and the EU. This has, in turn, called for developing safer alternatives like bromine-, phosphorus-, and chlorine-based non-halogenated flame retardant chemicals. Along these lines, GYC Group has started offering a spectrum of products free of halogens.

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The manufacturers are looking for comparatively less toxic products for making alterations in product composition like aluminum trihydroxide. The demand would be arising from the applications like epoxy resins, polyolefins, PVC (polyvinyl chloride), rubber, engineering thermoplastics, and likewise.

Non-halogenated flame retardant chemicals hold more than 50% of the market share as of the year 2020. This could be reasoned with growing demand for less toxic and environmentally-friendly flame retardants. Combination of brominated organic compounds and antimony trioxide is generally used in the form of flame retardants in the mounding compounds. They are known for having negligible effects on the environment.

The same antimony trioxide, on combining with hydromagnesite fillers, renders benefits, but adverse effects of antimony trioxide on the environment are expected to restrain the usage of antimony trioxide as flame retardant chemicals in the near future.

Polyolefins are holding the largest market share (more than 20%) due to their increasing applications in plastics in various applications. The polymer could thus be prevented from dripping, and smoke formation could be subverted. Products needing flame retardant chemicals in the polyolefin fabrics include mattress covers, construction fabrics, carpet packing, components in planes and trains, siding and roofing, automotive fabrics, and likewise. Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Flame Retardant Chemicals Market’.

Key Takeaways from Flame Retardant Chemicals Market

• North America holds a significant market share due to preference for flame retardant chemicals in the US.
• Europe is subject to stringent regulations. In other words, the major manufacturers of automotives are making it mandatory to use fire retardant chemicals in the automotive components.
• LATAM, MEA, and the Asia-Pacific are subject to increase in construction activities, which are expected to put the flame retardant chemicals market on the top pedestal in the upcoming period.

Competitive Landscape

Clariant AG, in December 2021, started constructing a flame retardant manufacturing facility at Daya Bay, Huizhou (Guangdong Province China).

Italmatch Chemicals S.p.A., in November 2021, came up with a novel phosphorus flame retardant called ‘Liquid Masteret’. It is useful in construction, electrical & electronics, and transport sectors, particularly when it’s not advisable to prescribe halogen owing to higher smoke corrosivity when fire arises.

LANXESS, in December 2018, invested US$ 222.3 Mn in flame retardant chemicals. This investment would come through in the plants located in the UK, Germany, and the US.

“Flame retardant chemicals, on adding to combustible materials like plastics, textiles, and coatings, prevent fire or slow down as far as growth is concerned, which is driving the market for flame retardant chemicals”, says an analyst from Future Market Insights.

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Market Segmentation

By Type

• Chlorinated flame retardants
•  Brominated flame retardants
•  Organophosphorus flame retardants
• Nitrogen flame retardants
• Antimony oxide
• Aluminium hydroxide

By Application

• Automotive
• Construction
• Textiles
• Electronics
• Electrical industry

By Region:

• North America
• Latin America
• Asia Pacific
• Japan
• Western Europe
• Eastern Europe
• Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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The cleaning in place market is expected to grow at an 8.7% annual rate from 2023 to 2033, with revenue expected to reach USD 17.94 billion, up from USD 7.79 billion in 2023.

There is a growing trend in the cleaning in place market toward environmentally conscious and efficient sustainable solutions.

The need for cleaning in place solutions that optimize water and chemical usage, minimize environmental impact, and reduce waste is growing as industries place an increasing emphasis on eco-friendly practices.

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Companies are developing innovative CIP technologies, incorporating green cleaning agents, and implementing systems that maximize resource efficiency. This trend not only aligns with the growing focus on sustainability but also positions businesses for long-term success in the evolving cleaning in place market.

The rising concern over food-borne illnesses and the need to comply with stringent food safety regulations have propelled the demand for robust cleaning in place solutions across the food and beverage industry.

CIP systems are employed to ensure thorough cleaning and sanitization of processing equipment, minimizing the risk of contamination.

The integration of automation and digital technologies in cleaning processes is revolutionizing the industry. Automated CIP systems streamline cleaning operations, reduce manual labor, enhance consistency, and enable real-time monitoring for improved efficiency and control.

Implementing CIP systems can be complex, requiring integration with existing equipment and processes. Ensuring proper training, maintenance, and validation of these systems pose challenges for companies. However, this complexity presents opportunities for service providers and manufacturers to offer comprehensive solutions and support.

The initial investment and operational costs associated with implementing CIP systems can be substantial.

Key Takeaways:

• By 2023, the United States of America is to hold a value share of 26.8% in the cleaning in place industry.
• The market size in Germany is expected to account for 21.4% by 2023 on a global level.
• Based on end-use, the food & beverage sub-segment is likely to secure 31.2% value share by 2023.
• During the forecast period, the market in China is anticipated to move ahead at a 7.6% growth rate.
• The market for cleaning in place in the United Kingdom is likely to secure a 4.1% CAGR from 2023 to 2033.

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How is the Competition Landscape Structured in the Cleaning In Place Industry?

The competition landscape in the Cleaning in Place (CIP) industry is structured with a mix of established players, niche providers, and innovative start-ups.

Major companies, such as global manufacturers and suppliers, dominate the market with their extensive product portfolios and established customer base.

These key players often focus on continuous product development, technological advancements, and strategic partnerships to maintain their competitive edge. Additionally, niche providers specializing in specific industries or offering unique solutions carve out their market share by addressing specific customer needs.

The competition landscape is influenced by factors such as geographic reach, customer relationships, and service capabilities. Market leaders often have a wide global presence and established distribution networks, giving them a competitive advantage.

The industry also witnesses the entry of innovative start-ups introducing disruptive technologies and approaches, challenging traditional players, and driving innovation.

Overall, the competition in the CIP industry is intense, with a focus on differentiation, product quality, customer service, and adapting to evolving customer demands.

Leading Players in Cleaning In Place Market

Some of the leading cleaning in place device manufacturers includes:

• Holcim
• Novozymes
• Merck Millipore Corporation
• HRS Spiratube
• S.L.

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Segmentation Analysis

By End User:

• Food and Beverages Industry
• Pharmaceutical Industry
• Bakery and Confectionery Industry
• Dairy Industry
• Brewery
• Fruits and Vegetables

By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:       

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube