Smart Polymers Market Growth Forecast at 19.98% CAGR to 2020
PUNE, India, August 19, 2016 /PRNewswire/ --
The global smart polymers market report for 2016-2020 says evolution of drug delivery systems will be a key trend for market growth as 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.
Complete report on smart polymers market spread across 70 pages, analyzing 4 major companies and providing 38 data exhibits is now available at http://www.reportsnreports.com/reports/657299-global-smart-polymers-market-2016-2020.html.
The analysts forecast global smart polymers market to grow at a CAGR of 19.98% during the period 2016-2020. According to the 2016 smart polymers market 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, 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.
The Americas is the major revenue contributing region in the smart polymers market and is likely to occupy more than 45% of the overall market revenue by 2020. Much of the region's growth can be attributed to the growing focus on temperature and pH-sensitive polymers. With the governments trying to improve public healthcare systems, the demand for such smart polymers will increase significantly in the region's medical industry. The smart polymers market in the region is anticipated to grow at a high CAGR of more than 22% during the predicted period.
Smart polymers have promising applications in the biomedical field as conveyance systems of therapeutic agents, actuators systems, bio-separation devices, cell culture support systems, sensors, or tissue engineering frameworks. Recently, these polymers have come up with new application areas including medicinal diagnostics, pharmaceuticals, implants, and treatments sectors. They have properties like adaptability and compatibility that make them valuable in medical treatments involving the immune system. Manufacturers are formulating new polymeric materials that assist in biosensor designing, drug delivery systems, tissue engineering systems, wound treatment, and other metabolically controllable systems. Having enormous potential across different applications, the smart polymers market will witness rapid growth in the coming years.
The following companies are the key players in the global smart polymers market: AkzoNobel, Autonomic Materials, Dow Chemical, and Huntsman International. Order a copy of Global Smart Polymers Market 2016-2020 report @ http://www.reportsnreports.com/Purchase.aspx?name=657299.
Global Smart Polymers Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers market landscape and its growth prospects over the coming years. To calculate the smart polymers 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).
Another related report is Global Recycled Plastics Market 2016-2020, the growing demand for plastics from healthcare, automotive, food and beverage, oil and gas, construction, and household products has stimulated the need for plastic recycling. The scarcity of petrochemicals, rising costs of raw materials and growing environmental concerns are also fostering the need for recycling. Browse complete report @ http://www.reportsnreports.com/reports/622065-global-recycled-plastics-market-2016-2020.html.
Explore other new reports on Advanced Materials Market @ http://www.reportsnreports.com/market-research/advanced-material/.
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