Global Smart Polymers Market 2016-2020
About Smart Polymers
Smart polymers are polymers that change their properties with respect to the environment they are in. These polymers react to external stimuli and adjust to evolving conditions. These polymers experience reversible physical and chemical changes in response to small external stimuli in the natural conditions, for example, temperature, pH, light, magnetic and electric field, ionic components, and biological molecules. These stimuli-sensitive polymers are either synthetic or natural.
Technavio’s analysts forecast the global smart polymers market to grow at a CAGR of 19.98% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global smart polymers market for 2016-2020. To calculate the market size, the report considers the revenue generated through sales of smart polymer products for applications such as smart drug delivery systems, tissue engineering, textile engineering, and others (oil recovery, cell culture, and protein purification).
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Smart Polymers Market 2016-2020
Technavio recognizes the following companies as the key players in the global smart polymers market: AkzoNobel, Autonomic Materials, Dow Chemical, and Huntsman International.
Commenting on the report, an analyst from Technavio’s team said: “Evolution of drug delivery systems will be a key trend for market growth. Smart polymers are showcasing controlled delivery systems for medications having a short half-life, narrow therapeutic window, liable to gastric and hepatic degradation, and medications that are dynamic at low plasma concentrations. These delivery systems experience numerous difficulties connected with their advancements that are identified with medication stability, drug discharge kinetics, and the conditions under which the system is delivered to the body. Smart polymers sensitive to the proximity of some biomarkers could be valuable in focusing on particular disease conditions. For instance, smart polymers sensitive to folate receptor can be used to convey anti-cancer agents to tumor cells.”
According to the report, one of the key drivers for market growth will be application of shape memory polymer in automotive industry. In the automotive industry, shape memory polymers are used in vehicle subsystems. These polymers self-heal in the case of damage. These polymers can also be designed to change appearance or color. In addition, the polymers can be used in sensors in safety systems. Shape memory polymers showcase new platform for variable elements in vehicles. The novel materials include new innovative components that can enhance vehicle performance at lower costs.
Further, the report states that issues with use of smart polymers will be a challenge for the market. Smart polymers face challenges with respect to high burst discharge and unpredictable conduct in biphasic discharge profile. For instance, neuronal burst discharges are well-defined as three or more action potentials (or spikes) parted by inter-spike phases of less than or equal to 30 microseconds, or two spikes parted by an intermission of less than or equal to 15 microseconds. The input of burst discharge to synchronous peak interaction is compared between temporal lobes. These polymers also face problems regarding general medication, discharge kinetics, conformational integrity during handling, and safeguarding biological actions during discharge. A few patents addressing these issues with smart polymers are being looked into.
AkzoNobel, Autonomic Materials, Dow Chemical, Huntsman International.