The global Specialty Polymers Market Growth Accelerated by Rising Application in Medical Sector
Specialty polymers are a class of tailor-made and high-performance polymers that exhibits exceptional properties like temperature and chemical resistance, impact strength, UV resistance, flame resistance and low coefficient of friction. They enhance the performance of end-use products in medical, pharmaceutical, automotive, construction and other industrial applications. Specialty polymers are increasingly being used in medical implants such as cardiac stents, knee braces and hip replacement parts due to their biocompatibility and durability inside the human body. The global Specialty Polymers Market is estimated to be valued at US$ 82 billion in 2023 and is expected to exhibit a CAGR of 6.4% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market key trends: The rising application of specialty polymers in the medical sector is a key trend driving market growth over the forecast period. Majority of medical devices are ma...