The global multifunctional polymeric technology market is expected to witness major upsurge in demand owing to the rise in demand for new age technologies, according to a report by Persistence Market Research.
Key findings about the global multifunctional polymeric technology market are as follows:
1. The global market has strong growth prospects owing to rising demand for new technologies.
2. Demand for sophisticated materials is expected to boost the global market with the market expected to rise at a healthy CAGR for the forecast period.
3. High research and investment in the market has made it lucrative for academics and industries alike.
4. Rise in disposable incomes, spending capacity, and changing consumer lifestyles are major drivers.
5. Biocompatibility issues, high cost, and potential long terms effects are major restraining factors.
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6. Multifunctional polymeric technology is used in paints, pharmaceuticals, medical devices, communication, personal care products, and energy industry.
7. Multifunctional polymeric technology is used in healthcare for the purpose of targeted drug delivery, delayed drug release, and mucoadhesion, among others.
8. Europe and North America are key market regions owing to the large consumer base, rising awareness, and increased usage of personal care and pharmaceutical products.
9. Rise in disposable incomes and increased trend of spending is expected to push the Asia Pacific market.
10. Lubrizol Corporation and Dow Chemical Company are the top two companies in the global multifunctional polymeric technology market.
For more information on the global multifunctional polymeric technology market, follow the link: http://www.persistencemarketresearch.com/toc/11224
Key players in the global multifunctional polymeric technology market are Lubrizol Corporation, DuPont, Eastman Chemical Company, and Dow Chemical Company.