The global polymer chameleons market is expected to reach approximately USD 1.6 billion by 2025. Widespread utilization of bio-engineered polymeric products that provide high durability & efficiency in the production of advanced end-user products can fuel market demand during the forecast period (2014 to 2025). Polymer chameleon is a high-performance polymer that exhibits environment-dependent properties. Popularity of lightweight & low fuel combustion vehicles, rising disposable incomes, and stringent regulatory measures by the EU & EPA have resulted in substantial global demand for bio-engineered polymeric materials.
In the field of healthcare, these materials are utilized as methods of conveyance in therapeutic agents, actuators systems, sensors, tissue engineering, cell culture support systems, and bio-separation devices frameworks. Additionally, polymer chameleons find applications in implants, pharmaceuticals, treatments, and medicinal diagnostics.
The global polymer chameleons market is categorized as per applications, products, and regions. Chief applications comprise bio-separation, smart drug delivery system & implants, automotive & transportation, textile engineering, and others. Polymer chameleons are employed extensively in smart drug delivery systems & implants because of widening application scope in various fields, such as pharmaceuticals, medicinal diagnostics & treatments, and implants.
In-depth research report on global polymer chameleons market - http://www.grandviewresearch.com/industry-analysis/polymer-chameleons-market
In automotive production, polymer chameleons are used as substitutes for petroleum-based plastic materials. They are generally used in car interiors, undercarriages, and under hoods. Polymer chameleons are manufactured on a commercial scale and are employed frequently in the automobile industry. Greater focus on eco-friendly or green technologies and sustainability could propel the overall demand for polymer chameleons in the automobile industry in the forthcoming years.
On the basis of products, the industry is categorized into shape memory polymers, thermo-responsive polymers, electroactive & magnetically-responsive polymers, photo-responsive polymers, enzyme-responsive polymers, ph-responsive polymers, self-healing polymers, and others. The market for shape memory polymers (SMPs) is projected to experience maximum growth over the next few years. This segment may register a healthy CAGR over 21.3 % from 2014 to 2025. With the help of thermal or any other stimuli, SMPs can convert from being inflexible polymers to elastic forms. When left uncontrolled, they assume their “memory” shapes.
Geographically, the global polymer chameleons industry is divided into Asia Pacific, Central & South America, North America, Europe, and the MEA (Middle East & Africa). Asia-Pacific may grow at maximum remarkable CAGR exceeding 21% over the forecast period. This owes to the popularity of shape memory polymers for producing automotive components & thermo-responsive polymers. Thermo-responsive polymers are used to manufacture medical & textile engineered products. Demand for the same are particularly high in countries, like Japan, India, and China.
Over the past couple of years Europe has been witnessing considerable market growth on account of high concentration of key industry players in the region. Rapid product penetration owes to strict regulatory norms about the utilization of monomers & chemicals for the production of smart drug delivery system and implants.
Some of the major companies operating in the global polymer chameleons market are E. I. DuPont de Nemours and Company; BASF SE; Evonik Industries AG; The Dow Chemical Co.; Akzo Nobel N.V.; and Autonomic Materials Inc. New product development and joint collaborations are key business strategies adopted by these companies for geographical expansions and value chain integration. Evonik Industries AG and Akzo Nobel N.V. focus on enhancing their manufacturing capacities in markets with high growth potential.