Global Porous Organic Polymers Market: Overview
Porous organic polymers are thermally stable cross-linked polymeric materials that exhibit high surface areas and excellent optoelectronic properties. These materials are non-soluble in nature, provide exceptional light absorption properties, and possess high dimensional geometry. They play an important role in chemical processes such as molecular separation and catalytic operations. They are widely employed in the health care and energy industries due to their distinguishing properties such as high flexibility and high nano-pores. Porous organic polymers are used in gas storage operations, separation process, and environmental remediation activities and sensing. They are also used in water treatment process for contaminant removal.
Based on type, the global porous organic polymers can be segregated into crystalline and amorphous. Demand for the amorphous type is expected to rise significantly during the forecast period. This can be ascribed primarily to its distinguishing features such as excellent catalytic activities with high conversion yield owing to its highly efficient size selectivity. Amorphous porous organic polymer is useful for advanced functional material design. Porous organic polymers have emerged as potential polymeric materials; chemists and material scientists are focusing on them in order to contribute to their design and synthesis.
Rise in demand for effective and potential polymeric materials in the health care, energy storage, and water treatment industries is driving the porous organic polymer market. Pore size is an important feature of porous organic polymer. There can be distortion in the pore size due to requirement of high chemical reaction, leading to changes in the molecular structure. In addition, fluctuating prices of raw materials and high production cost are anticipated to act as a barrier to the growth of the porous organic polymer market. However, upsurge in research and development activities in order to discover new porous framework that is compatible with various existing materials is expected to boost the porous organic polymer market. Several research institutes are collaborating with different industries in order to scale up the production process of these materials for the benefit of targeted applications.
Geographically, the porous organic polymer market can be segmented into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. In terms of consumption, North America is leading in the porous organic polymer market, followed by Europe. Rise in shale gas exploration activities coupled with increase in research activities in the oil & gas industry in North America are expected to augment the demand for porous organic polymers significantly during the forecast period. Furthermore, rise in demand for blended porous organic polymers such as pyrene based, silicon-based, grapheme-based, etc. is also creating lucrative opportunities for the manufacturers in the region. In Europe, Germany, France, and the Nordic countries possess significant growth potential for the porous organic polymer market. It is primarily driven by rise in demand for porous organic polymers as intermediates for manufacturing of pharmaceuticals, dyes, and polymers. Asia Pacific is also witnessing significant growth in the porous organic polymer market due to increase in interest in nano-technology. Depleting fossil fuel sources and rising interest in development of alternative fuel sources such as solar energy in order to optimize hydrogen conversion efficiency by employing nano materials such as porous organic polymers are expected to fuel the market in the region. Latin America and Middle East & Africa have slow growth rate in the porous organic polymer market. However, rise in awareness among consumers as well as growth in production capacity are expected to propel the demand for porous organic polymers in the regions.
Key research institutes and players operating in the global porous organic polymer market are Dow Chemical Company, Exxon Mobil Corporation, Max Planck Institute for Polymer Research, and Zewail City of Science and Technology.
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