Biodegradable Medical Plastics Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, China, Japan, Germany, France - Size and Forecast 2023-2027

Published: Oct 2023 Pages: 183 SKU: IRTNTR71171

The biodegradable medical plastics market size is estimated to grow at a CAGR of 11.9% between 2022 and 2027. The market size is forecast to increase by USD 331.03 million. The growth of the market depends on several factors, including the growing geriatric population, the global rise in orthopedic disorders, and the increasing preference for sustainable products.

This biodegradable medical plastics market report extensively covers market segmentation by application (medical devices, medical packaging, and others), type (poly lactic acid, polyhydroxyalkanoates, polybutylene succinate, polycaprolactone, and polyvinyl alcohol), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the Size of the Biodegradable Medical Plastics Market During the Forecast Period?

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Biodegradable Medical Plastics Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing preference for sustainable products are notably driving the market growth, although factors such as the high manufacturing cost may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Biodegradable Medical Plastics Market Driver

Increasing preference for sustainable products is the key factor driving the growth of the global biodegradable medical plastics market. Plastics are widely used by manufacturers to create various types of medical products. Hospitals generate large amounts of waste, including medical plastics. Handling large amounts of waste is a complex process. Hospitals typically dispose of hazardous waste and send the rest to landfills. If hospitals switched to single-use, biodegradable products, most of the waste they generated would be better handled. Environmental awareness and sustainability are becoming key priorities among today's consumers, forcing manufacturers and end users to adopt sustainable solutions.

Several countries around the world are also working to eliminate the use of plastic in various industries, including healthcare. Biodegradable medical plastics are sustainable as they are manufactured using renewable biomass sources, such as vegetable fats and oils, straw, corn starch, woodchips, and food waste. Unlike conventional medical plastics, biodegradable medical plastics degrade completely and quickly without any hazardous emissions. The sustainable nature of biodegradable medical plastics will drive the growth of the market during the forecast period.

Significant Biodegradable Medical Plastics Market Trends

Rising use of biodegradable composite materials for implants is the primary trend shaping the biodegradable medical plastics market. Implants play an important role in supporting the bone until it heals. Metal devices used as implants usually remain in the patient's body. This creates further problems as additional surgery may be required to remove the device. This has increased the demand for biodegradable implants that are gradually resorbed by the body as the bone healing process progresses. Biodegradable composites replace metal in implants used for the internal fixation of fractures. Biodegradable ceramic composites are also used in medical applications. These composites consist of ceramic fillers incorporated into polymer matrices.

Some of the most common biodegradable ceramic composites are silica-based and calcium phosphate-based. Silica-based composites offer high biocompatibility, bio-resorption, and porosity. Calcium phosphate-based composites are widely used as bone graft substitutes, especially because of the similarities of their chemical composition with the mineral phase of the bone. Such factors are likely to increase the demand for biodegradable composite materials, which, in turn, will drive the growth of the market during the forecast period.

Major Biodegradable Medical Plastics Market Challenge

High manufacturing cost is a major challenge impeding the growth of the global biodegradable medical plastics market. Biodegradable medical plastics are expensive compared to conventional medical plastics, which can pose a major challenge to market growth. The main reason for the high price of biodegradable medical plastics is the limited availability of bio-based renewable raw materials such as corn starch, vegetable fats and oils, straw, food waste, and woodchips. In recent years, the price of vegetable oils, such as palm oil, has risen. For instance, the price of palm oil in Malaysia increased by around 68.54% in October 2021 when compared to the previous year. The volatility in the prices of renewable raw materials, such as corn and sugarcane, also adds to the high price of biodegradable medical plastics.

In addition, the production process of biodegradable medical plastic materials from agro-based raw materials is very complex. The cost of R&D makes up for a major share of investment in biodegradable medical plastics and has an impact on material and product prices. Such a rise in raw material prices will increase production costs of biodegradable medical plastics, thereby reducing the profit margin of vendors. Hence, vendors are forced to pass on these costs to end-users by raising the prices. This might negatively affect the market during the forecast period.

Key Biodegradable Medical Plastics Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Biodegradable Medical Plastics Market Customer Landscape

Who are the Major Biodegradable Medical Plastics Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Arthrex Inc.: The company offers biodegradable medical plastics such as rods and screws for implants. Also, the company is involved in new product development and medical education in orthopedics.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Arkema Group
  • Ashland Inc.
  • BASF SE
  • Bio on SpA
  • Celanese Corp.
  • Corbion nv
  • Danimer Scientific Inc.
  • Eastman Chemical Co.
  • Kaneka Corp.
  • Koninklijke DSM NV
  • Medtronic Plc
  • Mitsubishi Chemical Corp.
  • Natupharma AS
  • NatureWorks LLC
  • Neste Corp.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segments in the Biodegradable Medical Plastics Market?

The market share growth by the medical devices segment will be significant during the forecast period. Medical devices include the instruments, apparatus, and machines used for safe and effective prevention, diagnosis, treatment, and rehabilitation of illness and diseases. 

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The medical devices segment was valued at USD 183.42 million in 2017 and continued to grow by 2021. Biodegradable implants are widely used in surgical applications, including joint replacements, fracture fixation, and repairing the defects of bones, tendons, and ligaments. There is significant adoption of biodegradable implants for orthopedic surgeries owing to their benefits over non-biodegradable stainless implants. A fractured bone fixated with a stainless-steel implant can refracture upon removal of the implant. However, a biodegradable polymer implant can be engineered to degrade at a rate that slowly transfers the load to the healing bone, which reduces the chances of refracturing. The use of biodegradable polymer implants also eliminates the need for a second surgery for the removal of the implant after bone healing. Hence, owing to the abovementioned benefits, the demand for biodegradable medical implants is expected to grow rapidly.

Which are the Key Regions for the Biodegradable Medical Plastics Market?

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North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The biodegradable medical plastics market in North America is expected to grow at a steady rate during the forecast period. The main contributor to the growth of the North American market is the United States. Rising medical expenses and the presence of well-equipped hospitals and health centers are expected to have a positive impact on the growth of the North American biodegradable medical plastics market during the forecast period. For instance, according to the Centers for Disease Control and Prevention (CDC) data, the total national healthcare expenditure in the US was USD 4.3 trillion in 2021.

In 2020, the COVID-19 pandemic positively impacted the regional biodegradable medical plastics market. However, with the initiation of vaccination drives in 2021, the number of COVID-19 cases decreased in the region, which led to the resumption of healthcare and clinical operations. The rising number of medical cases such as CVD, chronic kidney diseases (CKD), and accidents will increase the demand for biodegradable medical plastics, which, in turn, will drive the growth of the regional biodegradable medical plastics market during the forecast period.

Segment Overview

The biodegradable medical plastics market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

  • Application Outlook (USD Million, 2017 - 2027)
    • Medical devices
    • Medical packaging
    • Others
  • Type Outlook (USD Million, 2017 - 2027)
    • Poly lactic acid
    • Polyhydroxyalkanoates
    • Polybutylene succinate
    • Polycaprolactone
    • Polyvinyl alcohol
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Parent Market Analysis

Technavio categorizes the global biodegradable medical plastics market as a part of the global specialty chemicals market. The parent global specialty chemicals market covers companies engaged in the manufacturing of various types of products under organic and inorganic chemicals. Our market research report has extensively covered external factors influencing the parent market growth during the forecast period.

Biodegradable Medical Plastics Market Scope

Report Coverage

Details

Page number

183

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 11.9%

Market growth 2023-2027

USD 331.03 million

Market structure

Fragmented

YoY growth 2022-2023(%)

10.71

Regional analysis

North America, Europe, APAC, Middle East and Africa, and South America

Performing market contribution

North America at 33%

Key countries

US, China, Japan, Germany, and France

Competitive landscape

 Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Arkema Group, Arthrex Inc., Ashland Inc., BASF SE, Bio on SpA, Celanese Corp., Corbion nv, Danimer Scientific Inc., Eastman Chemical Co., Kaneka Corp., Koninklijke DSM NV, Medtronic Plc, Mitsubishi Chemical Corp., Natupharma AS, NatureWorks LLC, Neste Corp., Nutricare Holding Pty Ltd, Surmodics Inc., TEYSHA TECHNOLOGIES LTD, and Evonik Industries AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Biodegradable Medical Plastics Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the biodegradable medical plastics market between 2023 and 2027
  • Precise estimation of the size of the biodegradable medical plastics market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market industry across North America, Europe, APAC, Middle East and Africa, and South America
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of biodegradable medical plastics market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global biodegradable medical plastics market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global biodegradable medical plastics market 2017 - 2021 ($ million)
    • 4.2 Application Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.3 Type Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Medical devices - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Medical devices - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Medical devices - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Medical devices - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Medical devices - Year-over-year growth 2022-2027 (%)
    • 6.4 Medical packaging - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Medical packaging - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Medical packaging - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Medical packaging - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Medical packaging - Year-over-year growth 2022-2027 (%)
    • 6.5 Others - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ million)
      • Exhibit 47: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 48: Chart on Type - Market share 2022-2027 (%)
      • Exhibit 49: Data Table on Type - Market share 2022-2027 (%)
    • 7.2 Comparison by Type
      • Exhibit 50: Chart on Comparison by Type
      • Exhibit 51: Data Table on Comparison by Type
    • 7.3 Poly lactic acid - Market size and forecast 2022-2027
      • Exhibit 52: Chart on Poly lactic acid - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Data Table on Poly lactic acid - Market size and forecast 2022-2027 ($ million)
      • Exhibit 54: Chart on Poly lactic acid - Year-over-year growth 2022-2027 (%)
      • Exhibit 55: Data Table on Poly lactic acid - Year-over-year growth 2022-2027 (%)
    • 7.4 Polyhydroxyalkanoates - Market size and forecast 2022-2027
      • Exhibit 56: Chart on Polyhydroxyalkanoates - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Data Table on Polyhydroxyalkanoates - Market size and forecast 2022-2027 ($ million)
      • Exhibit 58: Chart on Polyhydroxyalkanoates - Year-over-year growth 2022-2027 (%)
      • Exhibit 59: Data Table on Polyhydroxyalkanoates - Year-over-year growth 2022-2027 (%)
    • 7.5 Polybutylene succinate - Market size and forecast 2022-2027
      • Exhibit 60: Chart on Polybutylene succinate - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Data Table on Polybutylene succinate - Market size and forecast 2022-2027 ($ million)
      • Exhibit 62: Chart on Polybutylene succinate - Year-over-year growth 2022-2027 (%)
      • Exhibit 63: Data Table on Polybutylene succinate - Year-over-year growth 2022-2027 (%)
    • 7.6 Polycaprolactone - Market size and forecast 2022-2027
      • Exhibit 64: Chart on Polycaprolactone - Market size and forecast 2022-2027 ($ million)
      • Exhibit 65: Data Table on Polycaprolactone - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Chart on Polycaprolactone - Year-over-year growth 2022-2027 (%)
      • Exhibit 67: Data Table on Polycaprolactone - Year-over-year growth 2022-2027 (%)
    • 7.7 Polyvinyl alcohol - Market size and forecast 2022-2027
      • Exhibit 68: Chart on Polyvinyl alcohol - Market size and forecast 2022-2027 ($ million)
      • Exhibit 69: Data Table on Polyvinyl alcohol - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Chart on Polyvinyl alcohol - Year-over-year growth 2022-2027 (%)
      • Exhibit 71: Data Table on Polyvinyl alcohol - Year-over-year growth 2022-2027 (%)
    • 7.8 Market opportunity by Type
      • Exhibit 72: Market opportunity by Type ($ million)
      • Exhibit 73: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 74: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 75: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 76: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 77: Chart on Geographic comparison
      • Exhibit 78: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 83: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 APAC - Market size and forecast 2022-2027
      • Exhibit 87: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 88: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 89: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 90: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 91: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 92: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 93: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 94: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.7 South America - Market size and forecast 2022-2027
      • Exhibit 95: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 96: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 97: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 98: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 99: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 100: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 101: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 102: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 Germany - Market size and forecast 2022-2027
      • Exhibit 103: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 104: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 105: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 106: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.10 France - Market size and forecast 2022-2027
      • Exhibit 107: Chart on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 108: Data Table on France - Market size and forecast 2022-2027 ($ million)
      • Exhibit 109: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 110: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.11 China - Market size and forecast 2022-2027
      • Exhibit 111: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 112: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 113: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 114: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.12 Japan - Market size and forecast 2022-2027
      • Exhibit 115: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 116: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 117: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 118: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 119: Market opportunity by geography ($ million)
      • Exhibit 120: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 121: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 122: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 123: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 124: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 125: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 126: Matrix on vendor position and classification
            • 12.3 Arkema Group
              • Exhibit 127: Arkema Group - Overview
              • Exhibit 128: Arkema Group - Business segments
              • Exhibit 129: Arkema Group - Key news
              • Exhibit 130: Arkema Group - Key offerings
              • Exhibit 131: Arkema Group - Segment focus
            • 12.4 Arthrex Inc.
              • Exhibit 132: Arthrex Inc. - Overview
              • Exhibit 133: Arthrex Inc. - Product / Service
              • Exhibit 134: Arthrex Inc. - Key offerings
            • 12.5 Ashland Inc.
              • Exhibit 135: Ashland Inc. - Overview
              • Exhibit 136: Ashland Inc. - Business segments
              • Exhibit 137: Ashland Inc. - Key news
              • Exhibit 138: Ashland Inc. - Key offerings
              • Exhibit 139: Ashland Inc. - Segment focus
            • 12.6 BASF SE
              • Exhibit 140: BASF SE - Overview
              • Exhibit 141: BASF SE - Business segments
              • Exhibit 142: BASF SE - Key news
              • Exhibit 143: BASF SE - Key offerings
              • Exhibit 144: BASF SE - Segment focus
            • 12.7 Bio on SpA
              • Exhibit 145: Bio on SpA - Overview
              • Exhibit 146: Bio on SpA - Product / Service
              • Exhibit 147: Bio on SpA - Key offerings
            • 12.8 Celanese Corp.
              • Exhibit 148: Celanese Corp. - Overview
              • Exhibit 149: Celanese Corp. - Business segments
              • Exhibit 150: Celanese Corp. - Key offerings
              • Exhibit 151: Celanese Corp. - Segment focus
            • 12.9 Corbion nv
              • Exhibit 152: Corbion nv - Overview
              • Exhibit 153: Corbion nv - Business segments
              • Exhibit 154: Corbion nv - Key news
              • Exhibit 155: Corbion nv - Key offerings
              • Exhibit 156: Corbion nv - Segment focus
            • 12.10 Danimer Scientific Inc.
              • Exhibit 157: Danimer Scientific Inc. - Overview
              • Exhibit 158: Danimer Scientific Inc. - Product / Service
              • Exhibit 159: Danimer Scientific Inc. - Key offerings
            • 12.11 Eastman Chemical Co.
              • Exhibit 160: Eastman Chemical Co. - Overview
              • Exhibit 161: Eastman Chemical Co. - Business segments
              • Exhibit 162: Eastman Chemical Co. - Key offerings
              • Exhibit 163: Eastman Chemical Co. - Segment focus
            • 12.12 Evonik Industries AG
              • Exhibit 164: Evonik Industries AG - Overview
              • Exhibit 165: Evonik Industries AG - Business segments
              • Exhibit 166: Evonik Industries AG - Key news
              • Exhibit 167: Evonik Industries AG - Key offerings
              • Exhibit 168: Evonik Industries AG - Segment focus
            • 12.13 Kaneka Corp.
              • Exhibit 169: Kaneka Corp. - Overview
              • Exhibit 170: Kaneka Corp. - Business segments
              • Exhibit 171: Kaneka Corp. - Key offerings
              • Exhibit 172: Kaneka Corp. - Segment focus
            • 12.14 Koninklijke DSM NV
              • Exhibit 173: Koninklijke DSM NV - Overview
              • Exhibit 174: Koninklijke DSM NV - Business segments
              • Exhibit 175: Koninklijke DSM NV - Key news
              • Exhibit 176: Koninklijke DSM NV - Key offerings
              • Exhibit 177: Koninklijke DSM NV - Segment focus
            • 12.15 Medtronic Plc
              • Exhibit 178: Medtronic Plc - Overview
              • Exhibit 179: Medtronic Plc - Business segments
              • Exhibit 180: Medtronic Plc - Key news
              • Exhibit 181: Medtronic Plc - Key offerings
              • Exhibit 182: Medtronic Plc - Segment focus
            • 12.16 Mitsubishi Chemical Corp.
              • Exhibit 183: Mitsubishi Chemical Corp. - Overview
              • Exhibit 184: Mitsubishi Chemical Corp. - Business segments
              • Exhibit 185: Mitsubishi Chemical Corp. - Key news
              • Exhibit 186: Mitsubishi Chemical Corp. - Key offerings
              • Exhibit 187: Mitsubishi Chemical Corp. - Segment focus
            • 12.17 NatureWorks LLC
              • Exhibit 188: NatureWorks LLC - Overview
              • Exhibit 189: NatureWorks LLC - Product / Service
              • Exhibit 190: NatureWorks LLC - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 191: Inclusions checklist
                • Exhibit 192: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 193: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 194: Research methodology
                • Exhibit 195: Validation techniques employed for market sizing
                • Exhibit 196: Information sources
              • 13.5 List of abbreviations
                • Exhibit 197: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
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