Plastics, Polymers, and Elastomers
Overview of the global medical polymers market
Technavio’s market research analyst predicts the global medical polymers market to grow at a CAGR of more than 8% between 2017 and 2021. Polymers have extensive usage in the medical industry, including implants, diagnostic systems, and accessories. Medical polymers are lighter in weight as compared with other counterparts such as metals and are preferred for lightweight applications. Medical polymers are primarily used to manufacture intraocular lenses, vascular grafts, contact lenses, breast implants, facial implants, prosthetic heart valves, catheters, dental implants, and vascular skin implants. One of the latest developments in the market is the rising demand for smart polymers in medical applications. Smart polymers act as therapeutic agents, tissue engineering scaffolds, cell culture supports, and bio-separation devices. The use of biodegradable polymers is also gaining momentum specifically in ophthalmic, cardiovascular, and drug delivery systems. For instance, TYRX is working on a biodegradable polymer technology for hernia repair devices.
In terms of geography, the Americas is anticipated to grow at a fast pace during the forecast period and will maintain its dominance in the global market. With the surge in government initiatives to improve the public healthcare systems, vendors in the market are
Overview of the global PPA market
The global PPA market is anticipated to grow at a steady rate and will post a CAGR of more than 7% during the forecast period. The growth in major end-user industries such as automobile, electrical and electronics, wires and cables, and personal care will drive the growth prospects for the global PPA market in the coming years. One of the major factors responsible for the market’s growth is the increased production in China, India, and Mexico. Also, the increasing focus of customers on various environmental and safety concerns is driving the demand for the product in automobiles sector. Furthermore, PPA is increasingly used in the automobile industry for various applications such as fuel line connectors, fuel cut-off valves, pump wear rings, air coolers, LED headlights, motor bobbin parts, fuel and coolant lines, water heater manifolds fuel modules, thermostat housing, and coolant pumps.
In terms of geography, APAC accounted for the maximum market share during 2016 and will continue to dominate the market in the forthcoming years. One of the major factors responsible for the market segment’s growth is the increasing manufacturing activities and industrial growth. Furthermore, factors such as favorable economic conditions of the countries in the region are also supporting the growth of the PPA market in the region.
Competitive landscape and key vendors
The global PPA market is highly competitive and diversified due to the presence of a large number of foreign vendors across the globe. However, the market is also characterized by the presence of a few number of small regional vendors, who account for significant market shares. According to the industry research report, the well-established
Overview of the global electroactive polymers (EAP) market
Technavio’s market research analyst predicts the global electroactive polymers (EAP) market to grow at a CAGR of more than 7% between 2017 and 2021. EAP are lightweight and cost-effective, which is one of the most important characteristics aiding the market growth. The unique properties have made it attractive for use in several biomimetic applications such as making biologically inspired intelligent robots. These polymers are emerging as a new actuation material with displacement capabilities that cannot be matched by the striction-limited and rigid ceramics. They can form any shape and be used for building sensors and actuators. EAP have both low density as well as high toughness, inherent vibration damping, and large actuation strain constant. Moreover, the growing prominence of piezoelectric and ferromagnetic materials and an increase in the spending for developing conductive technologies will also boost the market growth over the next four years.
Geographically, North America leads the market and will be a major revenue generating region in the global market over the predicted period. The presence of several EAP manufacturers, such as Parker Hannifin, Celanese, and Merck, who offer products for use in various applications, significantly contribute to the growth of the market in the region. The demand for EAP is primarily driven by automotive, electronics, polymer, and semiconductor industries. Also, rapid advancements in related to diverse applications such as actuators and sensors
Overview of the biopolymers market
Extensive research carried out by the analysts at Technavio has shown that the global biopolymers market will witness impressive growth at a staggering CAGR of close to 17% during the forecast period. One of the primary factors driving this market’s growth is the increasing demand for eco-friendly packaging among consumers. This has impelled plastic manufacturers and packaging vendors to shift focus toward biopolymer packaging. Moreover, stringent government regulations regarding the use of plastic are also forcing vendors to focus on manufacturing biopolymers and consume more green packaging labels as a strategy for branding and customer acquisition over the next four years.
In terms of geographical areas, Western Europe was the highest revenue contributing region and will continue to dominate the market over the forecast period. The concept of biopolymers was introduced in the Western European countries over two decades ago; hence, the biopolymers market in the region is relatively mature. Furthermore, the legal framework and strategy of governments of Western European countries to provide many subsidies for the use of biopolymers will impel this market’s growth in the region.
Competitive landscape and key vendors
The global biopolymers market is highly fragmented owing to the presence of several global and regional players. The market is very competitive with major players competing to increase their market shares and geographical reach by acquiring local and regional players. The competitive environment in the biopolymers market will further intensify during the forecast period with the increase in product extensions in
Overview of the global PTFE membrane market
Technavio’s market research analyst predicts the global PTFE membrane market to grow steadily at a CAGR of around 8% by 2021.One of the key factors responsible for its growth is the increasing level of water contamination and the need for potable water. In 2015, more than half of the global population lived in scarcity of potable water. This rising scarcity of potable water has created a demand for the treatment of polluted water by converting it into potable water. To bridge this gap, PTFE membranes are used in processes such as desalination. Also, the growing awareness regarding health and safety has increased the demand for safe and hygienic drinking water. The increasing level of water pollution and the rising demand for potable water will augment the growth of this market during the forecast period.
In terms of geography, APAC accounted for the largest share of the market in 2016. The region is expected to post the highest growth rate and maintain its market share during the forecast period. The growth in the industrial sector is the primary factor driving the demand for PTFE membranes in the region. Also, growing environmental concerns and high purity standards for water are driving the demand for PTFE membranes. Furthermore, the increasing demand for pharmaceutical products in emerging countries will augment the growth of the PTFE membrane market in the region.
Competitive landscape and key vendors
The market is expected to witness steady growth in future because of the increase in applications in end-user industries and increased popularity of industrial process water reuse. With a few players in the industry, the market is highly consolidated. These players have a vast geographic presence with large production facilities located globally. The increase in product extensions due to innovations in technologies related to
Overview of the global polyacrylamide market
The global polyacrylamide market is anticipated to grow at a steady rate and will post a CAGR of close to 7% during the forecast period. The increasing demand for the enhanced oil recovery (EOR) technology in oil and gas industry will drive the growth prospects for the global polyacrylamide market in the forthcoming years. With the increasing number of depleting oil reserves, the oil and gas industry is relying on advanced techniques to increase the output of available oil wells and fields as well as newer ones. In EOR, techniques such as thermal, chemical, gas, and polymer are used to increase the production of crude oil that are useful in oil fields with poor permeability and irregular fault lines. Moreover, polymer EOR techniques are used to trap the free oil present in the reservoir. For instance, long chain molecules of polymer compounds such as polyacrylamide are injected into the reservoir along with water, which increases the viscosity of the water, improves the water-oil movement by expanding the volume of the displaced liquid and enhances the oil recovery.
In terms of geography, APAC accounted for the maximum market share in 2016 and will continue to dominate the market for the next few years. One of the major factors responsible for the increasing market share in the region is the improving economic conditions and rising industrialization in the countries of the region. Also, according to the market research analysis, the increasing oil and gas production will propel the growth of the market for the next few years. Furthermore, according to the market research information, the growing mining and mineral processing activities in the region is another driving factor for the growth of the polyacrylamide market.
Plastics are materials composed of synthetic or semi-synthetic organics that can be shaped into solid objects of diverse purposes. Polymers are molecules composed of many repeated subunits. Elastomers are polymers have viscosity, elasticity, and very weak intermolecular forces.