The global high performance medical plastics market size is projected to grow from USD 851 million in 2021 to USD 1,242 million by 2026, at a CAGR of 7.8% during the forecast period 2021 to 2026. The growing use of advanced medical technologies, such as 3D printed implants and customized devices is one of the major factor propelling the growth of the high performance medical plastics market.
Based on application, the high performance medical plastics market has been segmented into medical supplies, medical equipment & tools, prosthesis & impants, drug delivery, theraupetic system, and others. Prosthesis & Implants is the fartest growing application segment of the high performance medical plastics market during the forecast period. High performance medical plastics used in the manufacturing of prosthetics include PEEK, PAI, and PPSU. Implants are mainly used in fixation, fracture plates, and filling purposes. PEEK, PPSU, and fluoropolymers like PTFE are used in the manufacturing of implants. Development of patient specific impants & 3D printing is expected to drive the market growth for this segment during the forecasted period.
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Based on type, the high performance medical plastics market has been segmented into fluoropolymers (FP), high performance polyamide (HPPA), polyaryletherketones (PAEK), polyphenylene sulfides (PPS), Polyetherimide (PEI), and others. The PAEK type segment is expected to grow at the fastest CAGR during the forecasted period. The most common type of PAEK used globally in the medical applications is PEEK, as it has superior strength-to-weight ratio. It is lightweight and has self-lubricating properties, good flow properties, and processing properties. It can be filled with carbon fiber, graphite, and molybdenum disulfide to enhance the lubricating properties and mechanical strength further. Increase in adoption of PEEK in medical fields, including cranioplasty, dental implants, interbody fusion, total joint arthroplasty (TJA), and applications to soft-tissue repair is expected to drive the growth of this segment during the forecast period.
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Solvay SA (Belgium), SABIC (UAE), Mitsubishi Chemical Corporation (Japan), Evonik Industries AG (Germany), Arkema SA (France), Ensinger (Germany), Victrex PLC (UK), Rochling SE & Co. AG (Germany), Raumedic AG (Germany), The Chemours Company (US), DuPont (US), Saint-Gobain Performance Plastics (France), Celanese Corporation (US), Trelleborg (Sweden) and Tekni-Plex (US) are some of the leading players operating in the high performance medical plastics market. These players have adopted the strategies of acquisitions and partnerships to enhance their position in the market.
Solvay SA is the largest company in the global high performance medical plastics market. High performance plastics are a part of the materials business segment of the company. Solvay SA operates through 428 subsidiaries in 64 countries of Europe, North America, Latin America, and Asia-Pacific. The company has 119 operational facilities worldwide. As a global leader in materials, chemicals, and solutions, Solvay brings advancements in planes, cars, batteries, smart and medical devices, and water and air treatment, to solve critical industrial, social, and environmental challenges. Solvay SA, in December 2020 entered into a partnership with PrinterPrezz (US) to develop 3D printing Selective Laser Sintering (SLS) solutions for implants and other medical devices using high performance polymers.
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Another important player in the high performance medical plastics market is Evonik Industries AG. The company has vast experience in manufacturing high performance medical plastics and a broad product portfolio, huge production capacity, and sales, logistics, and technical service network. Evonik has a dedicated section for medical plastic division and products like VESTAKEEP, VESTAMID and TRAGOMID care have application in dental applications, body implants and medical devices. Evonik is one of the world leaders in specialty chemicals. Evonik goes far beyond chemistry to create innovative, profitable, and sustainable solutions for customers. The company has done major acquisitions and joint ventures with companies like Durect Corporation and Wynka Silicon for increasing its high performance medical plastics market.
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High Performance Engineering Plastics market is segmented by region (country), players, by Type, and by Application.
Players, stakeholders, and other participants in the global High Performance Engineering Plastics market will be able to gain the upper hand as they use the report as a powerful resource.
The segmental analysis focuses on revenue and forecast by region (country), by Type and by Application in terms of revenue and forecast for the period 2015-2026.Segment by Type, the High Performance Engineering Plastics market is segmented into:PPSPARLCPPSUPESP1OthersDownload FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/59395/global-united-states-high-performance-engineering-plastics-2026-414Segment by Application, the High Performance Engineering Plastics market is segmented into:Automotive IndustryMachinery EquipmentElectrical & ElectronicsOthersRegional and Country-level Analysis:The High Performance Engineering Plastics market is analysed and market size information is provided by regions (countries).The key regions covered in the High Performance Engineering Plastics market report are North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
It also covers key regions (countries), viz, U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, Taiwan, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Mexico, Brazil, Turkey, Saudi Arabia, U.A.E, etc.The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type, and by Application segment in terms of sales and revenue for the period 2015-2026.Competitive Landscape and High Performance Engineering Plastics Market Share Analysis:High Performance Engineering Plastics market competitive landscape provides details and data information by players.
The report offers comprehensive analysis and accurate statistics on revenue by the player for the period 2015-2020.
