Polymers are chemical compounds where molecules with unique properties are bonded together in long repeating chains. Polymers provide unique properties like lightweight, strength, design flexibility at low cost which makes them a great substitute for traditional materials like metals, glass and paper. Polymers are used across various industries like packaging, automotive, telecommunication, building & construction, electronics, rail transport and among others.
Polymers are available as natural and synthetic polymers. Natural polymers generally includes cellulose ether, starch and fermentation products, protein based polymers, among others. Common synthetic polymers include polypropylene, polyethylene, polyvinylchloride, polystyrene, polytetrafluoroethylene, polymethylmethacrylate, polyvinylacetate, polychloroprene, etc.
Growth in polymer market is mainly driven by demand from emerging economies owing to rise in manufacturing and construction activities. Apart from this, innovation in manufacturing technologies for plastic products is also fuelling market demand. However, rise in crude oil prices and environmental degradation are major deterrents to the market growth.
Polymer’s versatility and durability benefits the automobile industry by meeting its challenges. It make cars lighter and more fuel efficient. Due to this advantage, engineers are able to create innovative designs that are strong, durable and visually appealing. Polymer nanocomposites are also gaining traction in automobile sector owing to their mechanical properties and light weight. Polymer nanocomposites are segmented into clay-based nanocomposites, carbon nanotubes and others. Of these, clay-based nanocomposites is major dominating segment. The polymer market is expected to witness inclination towards hybrid materials which are going to provide higher thermal stability and improved resistance to solvents, scratches, and fire.
In addition, biodegradable nanocomposites are expected to be the next generation of materials that are commercially viable, can be recycled and are environmentally safe. They also have the potential to replace petroleum derived non-biodegradable nanocomposites across various automotive applications.
Smart polymers that react to slightest changes in the environment like temperature, humidity, pH, light or electrical/magnetic field are steadily gaining momentum across various sectors, especially in medical treatments due to their unique characteristics.
ASDReport.com provides an extensive collection of reports on polymers market. The reports cover various polymer products like fluoropolymer, polyolefins, polyimide form and film, biopolymers, amongst others.