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.
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http://www.grandviewresearch.com/industry-analysis/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
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
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.