The natural polymer market is growing rapidly over the past few years. Widespread applications of natural polymers in industries such as pharmaceutical, food & beverages, oilfields, cosmetics & personal care products, construction, adhesives, paints & inks, and packaging, among others, drive the growth of the market. Due to the vast consumption in construction and medical applications, natural polymers enjoy significant market prominence.
Besides, wide applications of natural polymers in the F&B industry are accelerating the market on a global level, providing solutions for gelling & thickening agent, stabilizer, emulsions & dispersions, and inhibiting ice & sugar crystal formation, among others. According to Market Research Future (MRFR), the global natural polymer market is expected to gain colossal traction by 2027. In its recently published research, MRFR also asserts that the market would register a phenomenal CAGR during the anticipated period (2020 – 2027).
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Additionally, a massive amount of Natural polymers is consumed in oilfield applications as drilling fluid, which creates enormous market demand. Leverage to the spurting growth in the O&G industry, the natural polymers market is growing significantly, meeting the augmenting demand for corrosion inhibitors, mud thickener, and circulation loss control agents during oil fields drilling.
Additional factors that are projected to bolster the growth of the market include the include increasing population, urbanization, and the improving economic conditions, worldwide. Increasing investments transpired into R&D activities to improve the associated technologies led by the market players, and the increasing government interest is driving the Natural Polymer market.
Global Natural Polymer Market - Geographical Analysis
North America leads the global Natural polymer market, accounting for a significant share. The market is majorly driven the augmenting demand from various industries such as pharmaceutical and cosmetic & personal care products. Moreover, increasing applications of natural polymers in the oilfield and packaging industry are driving the growth of the regional market.
Furthermore, the presence of leading manufacturers and their superior product offering alongside, the huge consumption of natural polymer in the automotive manufacturing industry, foster the regional market growth. Natural polymer markets in the US and Canada, backed by the high per capita income and technological advancements in these counties, drive the natural polymer market in North America.
The natural polymer market in the Asia Pacific region stands second, globally in terms of market size. Factors such as the presence of several notable natural polymer manufacturers and the growing industrialization in the region drive the growth of the APAC market. Moreover, food & beverage, packaging, and cosmetics & personal care segment is expected to create the demand for natural polymers. Furthermore, rising textile applications of silk are estimated to fuel the natural polymer market, especially in India and China. Growing construction activities to support a growing population, mainly in China and India, is also expected to drive the natural polymer market. China accounts for a exponential share in the Asia Pacific oilfield services market.
The European natural polymer market is emerging as a profitable market globally. Increasing demand for the product, backed by well-developed industries such as automotive and personal care & home care manufacturing in some of the European countries like Germany, Italy, France, and the UK, drives the growth of the regional market.
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Global Natural Polymer Market - Segmentations
The report is segmented into nine market dynamics to widen the scope of understanding,
By Component : Software, Services, and Hardware
By Product : Integrated CDSS and Standalone CDSS
By Model : Knowledge-Based CDSS and Non-Knowledge-Based CDSS
By Delivery Mode : On-Premise CDSS and Cloud-Based CDSS.
By Mode of Advice: Active CDSS and Passive CDSS.
By Settings : Inpatient Settings and Ambulatory Care Settings.
By Type : Therapeutic Clinical Decision Support Systems and Diagnostic Clinical Decision Support Systems.
By Application : Advanced Clinical Decision Support Systems and Conventional Clinical Decision Support Systems.
By Regions : Asia Pacific, North America, Europe, and the Rest-of-the-World.
Global Natural Polymer Market - Competitive Landscape
Fiercely competitive, the global natural polymer market appears to be fragmented due to the presence of many well-established players. To gain a significant market share, players incorporate strategic initiatives such as mergers & acquisitions, collaboration, product/technology, and expansion.
Players leading the global natural polymers market include Cargill, Ashland, Incorporated, Economy Polymers & Chemicals, DowDuPont Inc., Encore Natural Polymers, Archer Daniels Midland Company, Novamont S.p.A., Plantic, Marine Polymer Technologies, Inc., Borregaard, and CP Kelco, among others.
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Industry/ Innovation/ Related News:
September 17, 2019 --- Dordan Manufacturing Co. (the US), a leading global provider of full service thermoform packaging and medical device packaging, launched its new product - cleanroom thermoforming for medical packaging. The company plans for growth, after years of experience in retail, electronics, automotive, and healthcare packaging, the custom thermoformer committed to adding medical cleanroom packaging capability to its portfolio in 2019.
The setup for Dordan's newest thermoformer is as much about the machine as the location. The cleanroom is designed for manufacturing packaging for FDA Class I, II, and III medical devices.