Synthetic Biodegradable Polymer Market
Synthetic Biodegradable Polymer Market Scope:
Industry Analysis, Market Size, Growth, Trends Till
2031
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Synthetic Biodegradable Polymer Market Size and Growth
The Synthetic Biodegradable Polymer market is witnessing significant growth, driven by increased environmental awareness and regulatory support. In 2023, the market size is valued at approximately $5 billion, with projections indicating a compound annual growth rate (CAGR) of 12% over the next five years, reflecting rising demand in various industries.
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Companies Covered
(Covid 19 Impact Covered)
◍ Eastman Chemical Co
◍ Procter and Gamble Co
◍ Ethicon Inc
◍ Cargill Dow’s Nature Works PLA
◍ Biome Technologies PLC
◍ Metabolix Inc
◍ Solanyl Biopolymers Inc
◍ Aegis Lifesciences Corp
◍ Biosphere’s Development Corp
The Synthetic Biodegradable Polymer Market features key players like Eastman Chemical Co, Procter & Gamble Co, and NatureWorks, focusing on sustainable products. These companies innovate biodegradable solutions, enhancing market growth. Notably, Eastman reported sales of $9.3 billion, and Procter & Gamble generated $76 billion in revenue, reflecting industry impact.
Market Segmentation
By Application
◍ Chemical Industry
◍ Pharmaceutical Industry
◍ Home and Personal Care Industry
◍ Agriculture and Allied Industries
◍ Others
By Product
◍ Aliphatic polymers
◍ Poly glycoside acid (PGA)
◍ Polylactic acid (PLA)
◍ Polycaprolactone acid (PCL)
◍ Polyphosphoesters
◍ Polyanhydrides
◍ Others
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Market Growth
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$ X Billion USD
