Polymeric Nanoparticles Market to Reap Excessive Revenues by 2024

Polymeric Nanoparticles Market: Introduction

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 such as high heat resistance, high electrical conductivity, and enhanced dimensional stability. Polymeric nanoparticles has major applications in the automobile, electronics, aerospace, food packaging, pharmaceuticals and healthcare industries.

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Key Drivers, Restraints, and Opportunities of Global Polymeric Nanoparticles Market

• The global polymeric nanoparticles market is projected to witness significant growth during the forecast period due to expansion of the automotive industry and rise in preference for nanoparticles in electronics manufacturing. Increase in applications of nanoparticles in automotive components such as tires, body panels, engine parts, and headlamp covers are anticipated to drive the global market. Polymeric nanoparticles are gaining traction in a range of electronic products including desktops, laptops, mobile phones, and personal data assistants. Increase in disposable income in emerging economies of Asia Pacific has led to increase in demand for mobile phones and laptops. This is anticipated to propel the global polymeric nanoparticles market in the next few years.

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• Polymeric nanoparticles have been extensively used in the pharmaceutical and medical fields as particulate carriers because these provide promising results in drug delivery systems due to their controlled and sustained release properties, subcellular size, and biocompatibility with tissue and cells.
• Characteristics such as biodegradability, compact size, water-solubility, non-toxicity, long shelf life, and storage stability allow polymeric nanoparticles a point-of-interest in transporting medications, enzymes, and DNA or genes to particular targeted tissue or organ. Therefore, these are utilized in the medical field in anticancer treatment, diagnostics, vaccination, and other applications. The healthcare industry in Asia Pacific and North America is growing due to the rollout of public health care programs and rise in consumer wealth, which propels health care spending. These factors are likely to boost the demand for polymeric nanoparticles in the near future.
• Research & development to incorporate polymeric nanoparticles in medical devices and drug delivery systems is projected to open up new application avenues for the market. Increase in application scope is anticipated to provide market participants with opportunities during the forecast period. Stringent regulatory policies regarding polymers is expected to be a key restraint of the market.

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North America to Capture Major Share of Global Polymeric Nanoparticles Market

• In terms of region, the global polymeric nanoparticles market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America witnessed significant increase in demand for polymeric nanoparticles in the past few years, especially in countries such as the U.S. and Canada. Formulation of antimicrobial phytochemicals utilizing polymer nanoparticles enhances their properties such as improved water solubility, controlled escape, decreased cytotoxicity, and improved antimicrobial activity. Increase in therapeutic phytochemicals for the synthesis of chemical drugs and pharmaceuticals is projected to boost the growth of the market in North America. Advancement in technology and increase in investment in research & development with funding from the government drive the polymeric nanoparticles market in the region.

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• The U.S. was the largest consumer of polymeric nanoparticles in 2020, followed by Europe. Technological advances and increase in applications are anticipated to fuel the growth of the market in the U.S. Major automobile manufacturers in countries in Europe are bound by government regulations to develop light weight vehicles and reduce carbon emissions. This is expected to boost the demand for polymeric nanoparticles in the region. The market in Asia Pacific is likely to expand at a higher CAGR owing to increase in regulatory support and mobilization of public sector funds in nanotechnology research.

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