The global polymer chameleon market is expected to reach USD
1.64 billion by 2025, according to a new report by Grand View Research, Inc.
Growing utilization of bio-engineered polymeric materials that offers high
efficiency and durability in manufacturing advanced hi-tech end-user products
is projected to boost market demand over the forecast period.
Polymer chameleon is high-performance polymers showing
environment-dependent characteristics. They react to external stimuli such as
temperature, pH, light; biological molecules, electric & magnetic field,
ionic components, and undergo reversible physical & chemical alterations in
response.
These polymers discover promising applications in many
verticals of the molecular and biomedical areas such as cell culture support
systems, actuators systems, bio-separation devices, sensors, and textile
engineering frameworks. The appearance of drug delivery system to regulate
controlled drug-delivery with a narrow remedial window and short half-life will
further fuel the market growth shortly.
Growing disposable income, high demand for low fuel
combustion & light-weight vehicles and strict implementation of regulations
by the governing bodies such as EPA and EU has led to increasing demand for
engineered polymeric products. North America occupied the largest market share
in 2016 due to the presence of subsidiaries of a vast number of multinational
polymer manufacturing players in the region.
Companies such as Akzo Nobel N.V., Evonik Industries AG,
BASF SE, and E. I. du Pont de Nemours and Company have adopted expansion
strategies to increase their presence in the market. Most of the companies have
invested in R&D amenities to discover advanced and innovative special
trading nylons & monomers that are eco-friendly, and extremely sensitive to
surrounding with less utilization of expensive & harmful raw materials.
Browse full research report on Polymer Chameleons Market http://www.grandviewresearch.com/industry-analysis/polymer-chameleons-market
Further key findings from the report suggest:
- Smart
drug delivery systems & implants broadly prefer utilizing polymer
chameleon products due to increasing expansion of application scope in
many fields including implants, pharmaceuticals, medicinal diagnostics,
and treatments
- Shape
memory polymers are expected to witness the fastest growth over the
forecast period. The segment is expected to grow at a CAGR of 21.3% by
2025.
- Asia
Pacific is projected to increase at the highest CAGR of over 21% on
account of the growing demand for shape memory products to manufacture
automobile components and thermo-responsive polymers to produce advanced
medical and textile engineered products. High demand is witnessed from
China, Japan, and India.
- Major
companies identified in this industry include Akzo Nobel N.V., Evonik
Industries AG, BASF SE, E. I. du Pont de Nemours and Company among others.
Grand View Research has segmented the polymer chameleon
market on the basis of product, application, and region:
Global Polymer Chameleon Product Outlook (Revenue, USD
Million, 2014 - 2025)
- Thermo-Responsive
polymers
- Photo-Responsive
polymers
- Shape
Memory polymers
- Electroactive
& Magnetically-Responsive polymers
- pH-Responsive
polymers
- Enzyme-Responsive
polymers
- Self
healing polymers
- Others
Global Polymer Chameleon Application Outlook (Revenue,
USD Million, 2014 - 2025)
- A
Smart Drug Delivery System & Implants
- Bioseparation
- Textile
engineering
- Automotive
& transportation
- Others
Global Polymer Chameleon Regional Outlook (Revenue, USD
Million, 2014 - 2025)
- North
America
- U.S.
- Canada
- Europe
- Germany
- UK
- Netherlands
- France
- Asia
Pacific
- China
- Japan
- Australia
& New Zealand
- India
- Central
& South America
- Middle
East & Africa
Access press release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-polymer-chameleons-market
About Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information: www.grandviewresearch.com
No comments:
Post a Comment