Hybrid Polymer Market Size By Product (Coating, Sealant & Adhesive, Concrete Additive, Electrode Material, Cleaning Solutions), By Application (Construction, Automotive & Transportation, Electrical & Electronic, Oil & Gas, Water Treatment), By Type (Biode

Hybrid Polymer Market Size By Product (Coating, Sealant & Adhesive, Concrete Additive, Electrode Material, Cleaning Solutions), By Application (Construction, Automotive & Transportation, Electrical & Electronic, Oil & Gas, Water Treatment), By Type (Biodegradable, Non-Biodegradable), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Landscape and Forecast, 2022 - 2030

The global hybrid polymer market size is expected to grow considerably over 2022-2030, due to the rising awareness about the application scope of polymeric materials in the evolving medical industry.

Hybrid polymers are utilized in a range of medical applications such as surgical implants, sutures, dental devices, regenerative medicine scaffolds, drug delivery systems, and hearing aids to deliver reliable sanitation, physical separation, and patient safety.

Medical and surgical organizations have been taking significant initiatives to improve care services for the elderly. For instance, in August 2022, the Surgical Care Coalition and around 100 medical organizations representing over 1 million physicians and healthcare professionals joined hands to stop Medicare cuts for 2023 that would impact senior citizens in America. Factors such as these may create a stronger demand for medical equipment and devices, and in turn, escalate the adoption of hybrid polymer materials.

The hybrid polymer market is bifurcated in terms of product, application, type, and region.

In terms of the product, the market is segregated into cleaning solutions, electrode material, sealant & adhesive, coating, concrete additive, and others. The concrete additive segment is poised to depict a CAGR of over 5% through 2030, driven by the rising emphasis on infrastructure maintenance.

To cite an instance, in April 2022, FasTrac Construction Products collaborated with Key Constructors and the Mississippi Department of Transportation to repair the Yazoo Bridge with a new bridge deck overlay. For this project, the MDOT Bridge Division specified the use of Hybrid Polymer Concrete. This type of polymer was specified for its ability to add over 30 years to the bridge’s life, as well as its durability, versatility, and ability to provide a quality finish, augmenting segmental expansion.

The hybrid polymer market is bifurcated into automotive & transportation, construction, water treatment, oil & gas, electrical and electronic, and others in terms of application. Among these, the electrical and electronic segment is anticipated to be valued at more than 900 million by 2030, owing to the rising availability of regulatory-compliant conductive hybrid polymer capacitors including KEMET’s PHA/PHH226. The escalating demand for consumer electronics in wake of the COVID-19 pandemic will further fuel industry growth from the segment.

Based on type, the hybrid polymer industry is divided into non-biodegradable and biodegradable segments. Of these, the biodegradable segment is projected to depict a commendable growth rate through 2030. This is credited to the growing concerns about non-renewable fossil fuel pollution. The subsequent emergence of technical and green design approaches includes the use of biodegradable polymers in tissue engineering applications, which may stimulate segmental growth.

From a regional frame of reference, Latin America’s hybrid polymer market is slated to exhibit a CAGR of over 4% through 2030. This can be credited to the mounting investment in the automotive and construction industries and the potential rise in demand for hybrid polymer coatings and adhesives.

Likewise, private and public sector investment in the transport industry has also surged in countries including Brazil. These factors, along with the high preference for eco-friendly construction materials, will drive the regional industry share over the forecast period.