WILMINGTON, DE / ACCESSWIRE / January 30, 2023 / Transparency Market Research Inc. -The global polymer colloids market is projected to expand at a CAGR of 13.0% during 2022-2031, as per the market forecasts in a research report by Transparency Market Research.
According to the market outlook presented in the TMR research report, Europe and North America hold major share of the global industry and are projected to maintain leading positions during the forecast period. This can be ascribed to presence of key polymer colloids manufacturers and increase in focus on development of advanced products in these regions.
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Key Findings
- Synthetic or artificially developed functional polymer colloids are gaining impetus as a key category of specialty materials. These are reformed using functional groups that can participate in physical, chemical, biochemical, and physicochemical processes and respond to external factors such as light, heat, enzymes, and magnetism. Demand for colloids customized to offer specific functionalities in several applications, such as coatings, drug delivery, catalysis, and photonic devices has increased in the past few years. This factor presents prominent business opportunities in the global industry.
- Polymer colloids are being utilized in the biomedical field for drug delivery owing to their several characteristics, such as transmembrane nanoparticle entry, nanovectors as an antidiabetic agent, and temperature sensing within cells. Rise in product demand for these applications is expected to create significant business opportunities in the industry. Market players are increasing focus on developments in polymer nanoparticles. These researches focus on the discovery of biomedical applications and developments in photochemistry. Such initiatives are likely to have a positive impact on overall market development in the near future.
- Leading industry players are increasing investments in R&D activities in order to produce next-generation polymer colloids that offer customized and improved performance. Some of the key instances of advanced polymer colloids include hybrid & reactive colloids and high-performance polymers.
- Architectural coatings were conventionally manufactured utilizing oil-based solvents for dissolving polymers. However, with rise in stringent regulations by several governing bodies globally for decreasing the levels of VOC emissions, need for alternative solutions for oil-based paints & coatings has increased in the past few years. Oil-based solvents are increasingly replaced by polymer colloids in order to address issues of VOC emissions. This factor is expected to propel the demand for polymer colloids from the paints & coatings industry. As per the market outlook presented in the TMR report, the paints & coatings segment held a large market share in 2021.
- Majority of modern paints comprise latexes, which are widely utilized as film formers. These latexes have the ability to coalesce on the surface in order to create a durable and strong film. VOC levels in architecture and other coatings can be reduced by constant optimization of coating formulations and polymer binders. One instance of such technologies is air-purifying coatings, which can play an important role in decreasing the VOC emission levels in paints, or taking them near to zero, as well as enhance the indoor air quality.
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Polymer Colloids Market: Growth Drivers
- Increase in usage of smart coatings across the globe is bolstering the global industry
- Rise in technological advancements in the nanotechnology field is expected to drive market growth
Polymer Colloids Market: Competition Landscape
- The global industry is consolidated in nature, with the presence of fewer companies operating across the world
- Players are adopting strategies of partnership and collaboration with other companies in order to develop innovative production technologies and offer products with improved quality
Polymer Colloids Market: Key Players
- Apcotex Industries Limited
- Mallard Creek Polymers
- Gellner Industrial LLC
- LAIEX
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Polymer Colloids Market Segmentation
By Type
- Synthetic
- Natural
By Application
- Paints & Coatings
- Drug Delivery Systems
- Polymers
- Electronics
- Paper & Paperboard
- Others
Region
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
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