Intelligent Polymers Market: Overview
Intelligent polymers, also known as smart polymers or stimuli-responsive polymers, are high-performance polymers that are sensitive to the slightest environmental changes. These change according to the temperature, humidity, pH, and electrical, or magnetic field. They are synthesized by combining reactive functional groups to backbone chains during polymerization. Based on the selection of backbone chain and functional group, intelligent polymers possess different properties such as mechanical, chemical, electrical, and optical.
They are flexible, easy to color, strong, easy to mold, and tough. Intelligent polymers are primarily used in the production of hydrogels, biodegradable packaging, and biomedical engineering products. They are also employed in the manufacture of daily-usage products such as nappies, helmets, plastic bags, plastic bottles, and chewing gums.
Based on physical features, intelligent polymers can be classified into free linear chain solutions, reversible gels covalently cross linked and polymer chain grafted on a surface. Based on stimuli, these polymers can be classified into physical stimuli (temperature, ultrasounds, light, and mechanical stress), chemical stimuli (pH and ionic strength) and biological stimuli (enzymes and biomolecules).
Intelligent Polymers Market: Trends Snapshot
Intelligent polymers are used in various industries such as biomedical, tissue engineering, textile engineering, biotechnology, and pharmaceuticals. These polymers are employed in drug delivery systems, where they can safely transport a pharmaceutical compound into the body, in the biomedical industry. This is done automatically without the use of sensors, transducers, switches, or pumps. When the polymers are exposed to critical temperature they show certain changes in their properties, which is used in tissue culture application. Certain category of new polymers are being developed by companies; these have the ability to return to their original shape from the deformed shape once exposed to external stimuli. These polymers are known as shape-memory polymers and are used in textile engineering. Smart polymers are employed in biotechnology and pharmaceutical formulations, as they get physically mixed or chemically conjugated to biomolecules. These are used for yielding other products.
Intelligent Polymers Market: Region-wise Insight
North America and Europe have been dominating the intelligent polymers market since the last few years. These polymers are used extensively in the biomedical sector, which is expanding significantly in North America and Europe. These regions have been considered among the most technologically advanced across the globe. Companies operating in the intelligent polymers market in North America and Europe focus on product innovation through research and development.
Asia Pacific is expected to be the fastest growing region in the intelligent polymers market in the near future. The emerging economies of developing countries in Asia Pacific region, like India and China are expected to drive the growth of this market. Other regions such as Middle East & Africa and Latin America are expected to provide growth opportunities for intelligent polymers market during the forecast period.
Intelligent Polymers Market: Competitive Landscape
Intelligent polymers have the potential to drive the growth of all the industries, as they can adapt to the environmental changes. This increases product performance and extends its lifespan. Various companies are applying the concept of intelligent polymers to their products to improve their performance and quality. Autonomic Materials, Inc. uses intelligent polymers as self-healing agents in products such as elastomers, thermosets, and powder coatings. This allows the use of products for customized solutions and various applications. High Impact Technology, LLC uses intelligent polymers in its resin systems for self-sealing technology. This provides superior corrosion and abrasion protection to prevent leakages.
Key players operating in the intelligent polymers market include The Dow Chemical Company, Huntsman International LLC, Akzo Nobel N.V., Covestro AG, Autonomic Materials Inc., and High Impact Technology LLC.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.