Polymeric Nanoparticles Market Gains from Rapid Rise in Automotive Industry
Polymeric nanoparticles consist of polymers having nanoparticles dispersed in the matrix. This dispersion is done by in-situ polymerization and melt compounding technology which results in enhanced properties of the material. Polymeric nanoparticles possess properties suchttp://www.transparencymarketresearch.com/polymeric-nanoparticles-market.htmlh as high heat resistance, high electrical conductivity and enhanced dimensional stability
The growing application of nanoparticles in various components used in a vehicle such as body panels, engine parts, tires, inner panels of the door, and headlamp covers is driving the growth of the global polymeric nanoparticles market significantly.
Apart from this, the application of polymeric nanoparticles in a wide range of electronic products such as mobile phones, desktops, laptops, and personal data assistants (PDA) is also propelling this market worldwide.
The increasing penetration of smartphones and laptops, stimulated by the rising disposable income of people in emerging economies, is likely to boost the global market for polymeric nanoparticles during the forecast period. The increasing application of these nanoparticles in the pharmaceutical and aerospace industries is also expected to drive the worldwide polymeric nanoparticles market in the coming years, notes the research study.
The report further states that the increase in research and development activities to integrate polymeric nanoparticles into medical devices, as well as drug delivery systems, is projected to present lucrative opportunities to market participants over the forecast period. However, strict regulatory policies associated with the usage of plastic polymers, the complicated production process of nanoparticles, and the high initial investment are expected to hamper the market’s growth considerably in the coming years.
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North America, Asia Pacific, Europe, and the Rest of the world have been identified as the key regional markets for polymeric nanoparticles in this research report. North America, among these, has emerged as the leading regional market in terms of consumption. The U.S. leads the North America polymeric nanoparticles market.
Europe has emerged second in the global market. The increasing demand for light-weight vehicles is propelling the polymeric nanoparticles market in this region.
Over the forecast period, Asia Pacific is anticipated to record the highest growth rate due to the implementation of favorable government policies and the increasing research in the field of nanotechnology, states the research report.
The report has also studied the competitive landscape present in the worldwide market for polymeric nanoparticles by profiling the key participants in this market. Arkema Group, Cyclics Corp., Elementis Specialties Inc., DSM Somos, Nanoledge SA, Industrial Nanotech Inc., BASF SE, Zyvex Technologies, Cabot Corp., Nanophase Technologies Corp., Nanocor Inc., Inframat Corp., 3M ESPE, Hybrid Plastics, and DuPont are the major players in the global polymeric nanoparticles market, profiled in this study.