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Biomimetic Materials Market Trends and Future Applications, Forecast, 2030
Biomimetic Materials Market
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According to the report published by Allied Market Research, Biomimetic Materials Market by Material (Biomimetic Polymers, Biomimetic Ceramics & Glass, Biomimetic Metals & Alloys, and Others) and Application (Medical, Automotive, Defense, Electronics, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030.
Expansion of technologies in the healthcare sector, growth of artificial intelligence and automation, and rise in application of biomimetic material in construction, automotive, aeronautical, semiconductors and telecommunications drive the growth of the global biomimetic materials market. However, high per-unit cost of production restrains the market to some extent. On the other hand, technological advancements and R&D toward highly efficient biomimetic materials present new opportunities in the upcoming years.
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Leading players of the global biomimetic materials market analyzed in the research include APC International, CeramTec, CTS Corporation, Kyocera Corporation, Lord Corporation, Noliac AS, Piezo Kinetics, TDK Corporation, Wright Medical Group, and Applied Biomimetic. The Aviation Industry Corporation of China, Ltd.
Based on material, the biomimetic polymers segment held the highest market share in 2020, holding nearly two-fifths of the total market share, and is expected to continue its leadership status during the forecast period. However, the biomimetic ceramics & glass segment is estimated to register the highest CAGR of 6.4% from 2021 to 2030.
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Based on application, the medical segment held the largest market share in 2020, holding more than half of the total Biomimetic Materials industry share, and is expected to continue its leadership status during the forecast period. However, the defense segment is projected to register the highest CAGR of 7.0% from 2021 to 2030.
Based on region, North America contributed to the highest share in terms of revenue in 2020, holding more than two-fifths of the total market share, and is estimated to continue its dominant share by 2030. However, Asia-Pacific is projected to manifest the fastest CAGR of 6.6% during the forecast period.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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