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Biopharma Plastics Market Global Industry Overview and Competitive Landscape till 2033
Depth filters, syringes, and containers are among the applications that benefit from biopharma plastics’ increased stability. The market has grown as a result of an increased demand for using premium polymers in the manufacture of single-use biopharma plastics.
The market for biopharma plastics and polymers is anticipated to be driven by rising healthcare costs and rising health concerns. Additionally, the presence of substantial PP moulding facilities and the manufacturing industry is anticipated to fuel market expansion throughout the anticipated time frame.
The market for biopharma plastics is being driven by industry players who are extensively spending in R&D to create biopharmaceutical goods that cater to all aspects of customer needs. Due to the presence of major producers of biopharma plastics including Celanese Corporation, Eastman Chemical Co., and DuPont in the region, North America dominates the market for these materials.
Due mostly to the expanding governmental support and advantageous reimbursement policies for medical equipment, Europe is the second-largest shareholder in the industry.
“Growing healthcare spending and increasing application of biopharma plastics are expected to radically transform the biopharma plastics market in the coming years,” comments an ****yst at FMI.
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Competitive Landscape
BASF SE, LyondellBasell Industries Holdings B.V., SABIC, LG chem, Toray Industries, Inc., Solvay, Dow, Inc., DuPont de Nemours, Inc., Saint-Gobain Performance Plastics, Tekni-Plex are some of the key players in the biopharma plastics industry.
The manufacturers are involved in the production of biopharma plastics in a larger capacity. Research and innovation are also conducted to launch innovative plastics for biopharmaceutical products.
Key Segments Covered in the Biopharma Plastics Market Survey
Biopharma Plastics Market by Polymer Type:
Polyethylene – PE
Polypropylene – PP
Acrylonitrile Butadiene Styrene – ABS
Polyethylene Terephthalate – PET
Polyvinyl Chloride – PVC
Polytetrafluoroethylene – PTFE
Other
Biopharma Plastics Market by Application:
Protective Wear
Container
Bioreactor Bags
Syringes
Depth Filter
Disposable Medical Connectors
Others
Biopharma Plastics Market by Region:
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
More Valuable Insights Available
FMI, in its new offering, presents an unbiased ****ysis of the biopharma plastics market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033. The study divulges essential insights on the Biopharma Plastics Market by Polymer Type, by Application and Region.
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Chemistry 4.0 Market | Size, Application, Revenue, Types, Trends in Future, Scope to 2032
The chemistry 4.0 market is anticipated to grow from 70.82 billion USD in 2023 to 178.73 billion USD in 2033, with a projected CAGR of 9.7% over the forecast period.
The primary drivers of chemistry 4.0 market growths are the manufacturing sector's rapid adoption of artificial intelligence (AI) and the Internet of Things (IoT), as well as rising consumer demand for industrial robots used in the production of pharmaceuticals and medical devices, increasing government investments in additive manufacturing and 3D printing, and expanding use of blockchain technology.
The need for robots has increased. Additionally, robots, which were formerly more expensive and had fewer possibilities, are now accessible tools that can do a range of tasks. Industrial robots, in particular, are commonly used by people all around the world.
According to a report on the most recent trends in the robotics industry, industrial robots are being used more frequently in production hubs, which has sped up their development, evolution, and improvement. This will probably encourage the growth of the chemistry 4.0 market.
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Key Players
BASF
Dow
Sinopec
Sabic
Ineos
Formosa Plastics[B]
ExxonMobil Chemical
LyondellBasell Industries
Mitsubishi Chemical
DuPont
LG Chem
Reliance Industries
PetroChina
Air Liquide
Toray Industries
Competitive Landscape
The key companies of the chemistry 4.0 market are constantly on the lookout for effective ways to market their goods and consolidate their positions. One such tactic is to partner with other businesses to introduce new products in order to reach more end users.
Key Segments
By Technology:
IOT
AI
Automation
By Application:
Consumer
Enterprise
Industry
Construction
Manufacturing
By Geography:
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa (MEA)
Recent Development
Merger
After merging with DuPont in 2017, Dow Chemical became the largest chemical company in the world in 2018, dethroning BASF's 12-year reign. But in April 2019, DowDuPont split into three separate businesses: Dow, DuPont, and Corteva Agriscience. In 2018, 18 different countries were represented, with more than half of the companies on the list having their headquarters in the United States, Japan, or Germany.
ABB, Inc. and Nestle, Inc. joined forces in March 2021 to put monitoring software in candy factories. By working with leaders in the sector, the company is concentrating on growing its product offering.
Agreement
Ansys, Inc. announced a technology agreement with LG Electronics, Inc. in November 2020 to develop a virtual learning portal that Ansys, Inc. has developed.
Purchase
HMS Networks AB announced the purchase of WEBFactory GmbH in October 2020 to offer web-based software solutions for the Industrial Internet of Things.
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