Global multifunctional polymeric technology market has robust growth prospects owing to increased research and development in the polymer technology. This market is under continues quest for novel technological polymers for differential offering to the market. Moreover, increased demand for targeted formulations and newer medical devices makes this market more lucrative and innovative one. In healthcare and medical devices industry, this market has tremendous growth potential owing to newer formulations and devices in the market.
Geographically, global multifunctional polymeric technology market is classified into following regions viz. North America, Latin America, Europe, Asia-Pacific, Middle East and Africa. North America and Europe will remain key markets for global multifunctional polymeric technology market over the forecast period due to availability of large pool of consumer base, improved awareness about personal hygiene and increased usage of personal care and pharmaceutical products. Asia-Pacific market is estimated to have good opportunity mainly due to rising disposable income, improved lifestyle, increasing consumer awareness towards healthy and hygiene lifestyle and rapid urbanization.
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Some of the key players in the global multifunctional polymeric technology market are Lubrizol Corporation, Dow Chemical Company, DuPont, Eastman Chemical Company to name a few.
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