Biomimetic Materials Market

The global biomimetic materials market size was valued at $37.9 billion in 2020, and is projected to reach $65.9 billion by 2030, growing at a CAGR of 5.7% from 2021 to 2030.

The COVID-19 outbreak has impacted negatively on the Global Biomimetic Materials market. This is attributed to decline in demand for biomimetic materials from industries including medical, automotive, defense and others and supply demand gap.

Biomimetic materials are materials that have extrinsic and intrinsic capabilities that allow them to transform depending on peripheral environmental circumstances. These are active and intelligent species by nature and possess a chemical composition that allows them to transform and adapt to situations. Industries such as nanotechnology, robotics, medical device, defense, automotive and others, have found various applications of these materials, showing growing and promising prospects for the development of biomimetic materials. These materials are commonly referred to as bionics, biomimicry, bioinspiration and biogenesis. Biomimetic materials can operate even under varying pressure and temperature conditions, making them the preferred choice for many industries.

The growth of the global biomimetic materials market is driven by rise in demand for biomimetic materials from research in nanotechnology, robotics, the medical industry, artificial intelligence (AI), and the military. However, high cost associated with the production of biomimetic material is the key factor hampering the growth of the biomimetic materials market. On the contrary, technological advancements and R&D towards highly efficient biomimetic materials are anticipated to provide lucrative growth opportunities for the key players to maintain the position in the biomimetic materials market in the upcoming years. 

The global biomimetic materials market is segmented into material, application, and region. Depending on material, it is classified into biomimetic polymers, biomimetic ceramics & glass, biomimetic metals & alloys, and others. On the basis of application, it is categorized into medical, automotive, defense, electronics, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The global market covers in-depth information of the major biomimetic materials industry participants. Some of the major players in the global biomimetic materials market include APC International, CeramTec, CTS Corporation, Kyocera Corporation, Lord Corporation, Noliac AS, Piezo Kinetics, TDK Corporation, Wright Medical Group, and Applied Biomimetic.

Other players operating in the value chain of the global biomimetic materials market are Avinent, Biokon International. BioTomo Pty Ltd., 3B’s Research Group, and others.

The key players are adopting numerous strategies such as product launch, agreement, partnership, acquisition, and business expansion, to stay competitive in the biomimetic materials market.

For instance, in February 2017, APC International launched APC-854 to their already remarkable PZT material line. APC regards this material as a great solution for specific sensing applications since it was developed to fill a need by increasing sensitivity while keeping a tolerable use temperature. This has enhanced the product portfolio of the company.

The biomimetic materials market is analyzed and estimated in accordance with the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2021–2030. The report includes the study of the biomimetic materials market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on the market growth.

Biomimetic materials market, by material

By material, the biomimetic polymers held the largest biomimetic materials market share in 2020, owing to increase in demand for biomimetic polymers from applications such as pharmaceutical, biomedical, electronics and others. In addition, biomimetic polymers offer advantages such as enhance underwater adhesion, bio-compatibility, tunable modulus, antibacterial and antifouling characteristics increases the demand for biomimetic polymers during the analyzed time frame.

Biomimetic materials market, by application

On the basis of application, the medical segment dominated the global biomimetic materials market in 2020, in terms of share, owing to rise in demand for biomimetic materials from medical application including sensors in tissue responses, as bone cement in bone-bonding systems, in joint replacements, in skin repair devices, in systems facilitating localized drug delivery, in dental implants for tooth fixation, and in contact lenses.

Biomimetic materials market, by region

North America garnered the highest share in the biomimetic materials market in 2020, in terms of revenue, and is anticipated to maintain its dominance throughout the forecast period. This is attributed to the presence of key players and huge consumer base in the region. In addition, rise in use of biomimetic materials in medical, construction, electrical, electronics and information technology are expected to augment the growth of the biomimetic materials market during the forecast period in the North America region.

COVID-19 impact on the market

Lockdown imposed due to the outbreak of the COVID-19 pandemic has resulted in temporary ban on the import and export, thereby disrupting the supply chain and hampering the biomimetic materials market growth in the second, third, and fourth quarter of 2020. However, the market is expected to recover in the late year or by the second quarter of 2021 as the production of biomimetic materials restarts and other industrial operations begin. 

Key Benefits For Stakeholders

• The report includes in-depth global biomimetic materials market analysis of different segments and provides market estimations between 2021 and 2030.
• A comprehensive analysis of the factors that drive and restrict the growth of the global biomimetic materials market is provided.
• Porter’s five forces model illustrates the potency of buyers & sellers, which is estimated to assist the market players to adopt effective strategies.
• Estimations and global biomimetic materials market forecast are based on factors impacting the market growth, in terms of value.
• Key market players are profiled to gain an understanding of the strategies adopted by them.
• This report provides a detailed analysis of the current global biomimetic materials market trends and future estimations from 2021 to 2030, which helps to identify the prevailing market opportunities.

Key Market Segments

By Material

• Biomimetic Polymers
• Biomimetic Ceramics & Glass
• Biomimetic Metals & Alloys
• Others

By Application

• Medical
• Automotive
• Defense
• Electronics
• Others

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
• LAMEA
  • Latin America
  • Middle East
  • Africa

 Biomimetic Materials Market Report Highlights