Polymer Chameleon Market Size To Reach USD 1.64 billion By 2025

The global polymer chameleon market is expected to reach USD 1.64 billion by 2025, according to a new report by Grand View Research, Inc. growing utilization of bio-engineered polymeric materials that offers high efficiency and durability in manufacturing advanced hi-tech end-user products is projected to boost market demand over the forecast period.

Before we jump onto simplifying one of the types of polymer, let us first dive into simplifying the meaning of a polymer. A polymer is nothing but repeated number of units and sub-units of molecules and macro-molecules, which gives it distinct properties. SMP is one such type of a polymer.

Polymer Chameleons, which are also called as Shape memory polymers (SMPs), as stated above, are altered polymers whose chemical and physical properties have been modified to provide active shape “memory” characteristic. SMP can display a radical change by using thermal or other such stimuli to convert into an elastic state from a rigid polymer. It recovers its “memory” shape if left uncontrolled. However, SMPs can tolerate upto 200% elongation without degrading the material, which can be stretched, folded, or molded to other shapes due to its flexibility. The quality of the product is achieved from the stored mechanical energy formed during the reconfiguration and cooling of the raw material.

SMPs have applications all across industries, such as automotive, healthcare & textile industries among others. SMPs are used across the industries due to its moldable property, which provides it unique ability to enhance the efficiency of the machine it is used in. Versatility property of the product makes it ideal for applications such as deployable components, dynamic configurable parts, reusable custom molds and also inexpensive in comparison with other substitutes. This has led to increased demand for the product all around.

Polymer chameleon Market is concentrated with top few players and is characterized with technological advancements, greater geographical reach, continuous developments and diversified product portfolio. Key players in the market are Akzo Nobel N.V., Evonik Industries AG, BASF SE, E. I. du Pont de Nemours and Company, Autonomic Materials, DOW Chemical Company, etc.

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Further key findings from the report suggest:

  • Chameleon Panels are used to manage heat and light of the buildings. Polymer Chameleons are the cheap substitute used to make the whole project of covering a larger part of the buildings affordable as well. Solar transmittance in the test assemblies changed by around 74 percent.
  • Cambridge team creates Chameleon Skin — In a paper in Advanced Optical Materials, Andrew Salmon, Sean Cormier and colleagues describe how they coated minute particles of gold in acrylic polymer shells, and then squeezed these coated particles into micro-droplets of water suspended in oil.
  • Autonomic Materials’ self-healing technology was awarded the prestigious Materials Performance Corrosion Innovation of the Year Award for coatings and linings at the 2019 National Association of Corrosion Engineers (NACE) conference.

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