The potential growth difference for the medical composite materials market between 2020 and 2025 is USD 3.19 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.
Key Market Dynamics:
The increasing demand for lightweight materials in the medical industry and demand for carbon fiber reinforced plastics (CRPF) as composite materials for biomedical applications are some of the key market drivers. However, factors such as fluctuations in raw material prices and high manufacturing costs will challenge market growth.
North America will be the leading region with 33% of the market's growth during the forecast period. The US is a key market for medical composite materials in North America.
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Some Companies Mentioned
Evonik Industries AG
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Medical Composite Materials Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 7.44%
Market growth 2021-2025
USD 3.19 billion
YoY growth (%)
North America, Europe, Asia, and ROW
Performing market contribution
North America at 33%
Key consumer countries
US, China, UK, Germany, and Japan
Leading companies, competitive strategies, consumer engagement scope
3M Co., Avient Corp., Composiflex, Evonik Industries AG, Henkel AG and Co. KGaA, icotec AG, Koninklijke DSM NV, Mitsubishi Chemical Holdings Corp., Polygon Co., and Toray Industries Inc.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
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Key Topics Covered:
Five Forces Analysis
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