MOUNTAIN VIEW, Calif., Jan. 13, 2015 /PRNewswire/ -- Polymer chameleons are poised for rapid adoption and commercialization across industries due to their unique attributes and benefits. Despite several challenges, research activities and partnerships between the research community and the industry, as well as funding from both government and private agencies, is helping spearhead development.
New analysis from Frost & Sullivan, Polymer Chameleons—9 Dimensional Assessment, finds that extensive research studies are underway on the application of polymer chameleons in areas such as drug delivery, molecular separation, flexible chips and biofilms. These technologies will reach commercialization in the next three to four years.
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"Increasing emphasis on smart materials and longer shelf life are driving use of polymer chameleons in various segments, especially healthcare," said Technical Insights Senior Industry Analyst Aarthi Janakiraman. "The healthcare industry is already researching polymer chameleons in drug delivery products for specialized applications and is looking to expand into other product segments and industries including personal care."
Customization of polymers according to end-use applications, cost-effective manufacturing and scalability are the most significant challenges faced by technology developers. High raw material cost is another deterrent to large-scale uptake and commercialization.
Nevertheless, research and strategic partnerships are enabling stakeholders to expand the scope of polymer chameleons. The best way for a company to handle an R&D portfolio is to design technologies that are specific to an end application.
"Focus is turning to responsive hydrogels for biomedical applications and protective coatings," added Technical Insights. "Research studies on polymer chameleons processed from renewable sources are also in progress and will propel polymer chameleons' development to a commercial scale."
Polymer Chameleons—9 Dimensional Assessment, a part of the Technical Insights subscription, details the technical capabilities, market needs, and industry requirements of polymer chameleons following extensive interviews with market participants. The study assesses various industry trends and evaluates polymer chameleons through a nine dimensional approach; year of impact, market potential, global footprint, IP activities, funding scenario, breadth of industries, impact on mega trends, potential points of convergence, and size of innovation ecosystem.
Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services.
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Polymer Chameleons—9 Dimensional Assessment
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SOURCE Frost & Sullivan