12-Jan-17 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.
The global polymer chameleon market is expected to reach US$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.
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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