Global demand for Intelligent Polymers to increase by 2021

28-Feb-17

The type of polymers which go through chemical or physical changes owing to minor changes in environment conditions such as variation in temperature, magnetic and electric variations, ph changes, light, and others are termed as intelligent polymers or smart polymers. These polymers are progressively significant for various applications such as sensors and actuators, biomedical, tissue engineering, and others. However due to its volatile characteristics, researchers are focusing on developing various technologies respective to their unique properties. Intelligent polymers are resistive to corrosion, are light in weight, and unaffected by bacteria.
As per Zion Market Research, Wide application of intelligent polymers in medical and biomedical field in the form of drug and gene delivery system and glucose sensors, fabrication of these polymers in insulin delivery system for diabetic person, utilization in various apparatus and processes such as biosensors, enzyme, diagnostics, and for the treatment of burn and wounds healing are the major factors motivating the overall growth of the intelligent polymer market. Furthermore, growing demand for electronics and significant development of smartphone industry are the factors impacting the growth of intelligent coatings market positively. Application in pharmaceutical element, agricultural goods, and food additives are driving the market growth. Intelligent polymers are used as key ingredients in coating industries. Intelligent coatings are also applicable in manufacturing kitchenware utensils comprising non-sticky pan, pots and other utensils, band aids, capsule, bullet proof vests, and umbrella. On the hand, complexity in production process and non-biodegradable form may restrain the growth of the global intelligent coatings market.
Intelligent polymers are segmented under various classifications based on the materials used as polytetrafluoroethylene (teflon), nylon, kevlar, thermosoftening plastics types, and others. Based on the product type, the global market is segmented as physical, chemical, and biochemical. Further, the market is sub-segmented as self-healing polymer systems, magnetically-responsive polymer, photo-responsive polymers, ph-responsive polymers, temperature-responsive polymers, and enzyme-responsive polymers. On the basis of application, the market is segmented as automotive, drug delivery, bio-separation, tissue engineering, medical devices, optical data storage, and food packaging.

North America and Europe are leading the world intelligent polymer market due to rising demand of biomedical industry and may also sustain their influence over the market in future. However, due to emerging technologies and rising industrialization in India and China, Asia Pacific is expected to show growth in future.

 

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