Polyhedral oligomeric silsesquioxane (POSS) is used to upgrade the properties of existing patented compositions, while enabling the patentability of the new material composition. POSS is used by manufacturers and end users to develop new enhanced products. The synthesized products can be patented in the future and could develop into a new chain of products. In addition to being biocompatible and recyclable, POSS releases no volatile organic compounds (VOCs), thus coming across as an environmentally-friendly product.
So far, there are over 800 patents and around 2,300 published papers on POSS, numbers that indicate a very high level of interest. Publications reflect academic interest, and the patents indicate the level of commercial interest. Commercial applications have increased steadily over the years, and we see new applications all the time. Applications are in diverse areas, including packaging, dental, aerospace, electronics, and adhesives. One or two very niche applications exist already, and it is expected that new applications will gradually be found over the coming decades, thereby aiding the growth of the polyhedral oligomeric silsesquioxane market in the future.
Product Enhancement Advantage of POSS
Manufacturers use POSS segments for enhancing the physical and chemical properties of the composition of products. These segments are used in plastics, which results in enhanced fire retardation, lightweight, improved mechanical properties, and others.
POSS is used for improvement or enhancement of products, which gives manufacturers the liberty to develop custom products, Because of its chemical nature, POSS technology can be tailored to meet resin and consumer compatibility needs. Owing to such properties, the popularity of POSS is increasing significantly among end users, which is propelling the growth of the polyhedral oligomeric silsesquioxane market.
POSS Implementation in Defense & Air Force Systems
The defense services have portrayed high interest in developing products with POSS.
The POSS market hasn’t matured completely, and holds high potential in the future, as new applications are yet to be explored.
Polyhedral Oligomeric Silsesquioxane Market Trends
The polyhedral oligomeric silsesquioxane market holds high potential in the elastomer and plastic industry. Market participants in the plastic industry invest extensively in R&D to develop better quality products, so as to decrease VOC emissions and introduce environmentally-friendly products. With over 800 patents on POSS having been introduced in recent years, market is expected to develop extensively in the coming years.
Polyhedral Oligomeric Silsesquioxane Market: Structure Analysis
The polyhedral oligomeric silsesquioxane market is still in an initial phase of development. Hybrid Plastics Inc. is an innovator and the sole manufacturer of POSS as of today, thereby holding the whole polyhedral oligomeric silsesquioxane market share. The company owns/controls the basic composition of matter and synthesis patents covering POSS compounds. Its extensive intellectual property portfolio allows the company to support its customers commercializing POSS in their products. Due to its monopoly in POSS manufacturing, cost is on the higher side. Several prominent suppliers are involved in the global POSS market, such as Sigma-Aldrich (Merk KGaA), Reade International Corp, Grafen Co., Nanoshel LLC, and others.
POSS Market: COVID-19 Impact Analysis
Since the polyhedral oligomeric silsesquioxane market is still in its growth stage, the coronavirus pandemic is anticipated to have a detrimental impact on its expansion prospects. The pandemic’s outbreak has impacted a number of end-use industries, resulting in supply chain and production cycle disruptions in response to countries’ decisions to impose nationwide lockdowns. At the same time, industries such as plastics have received a significant boost, attributed to the need for essential personal protective equipment such as gloves, gowns, face shields, and masks. An increase in plastic ventilator components and single-use packaging for medical equipment has also been witnessed. Owing to such developments, the scope of POSS is set to expand during the course of the pandemic.
However, the overall economic trough experienced as a result of business shutdowns will restrain the growth of the polyhedral oligomeric silsesquioxane market. For instance, the aerospace industry has been experiencing a downturn in its operations, owing to suspension of flight operations. Airline bookings have plummeted in response to regulations and business restrictions on travel. With falling airline operations, the need for airplane maintenance has also declined. Since aerospace makes extensive usage of POSS-based nanocomposite particles for the manufacturing airplane spare parts, the industry will face a dip throughout the duration of the pandemic.
Research into polymers incorporating polyhedral oligomeric silsesquioxane has intensified over the past several years, revealing new fundamental polymer physics, new synthetic routes, and unexpected applications. Several research laboratories across the globe are emphasizing on the development of POSS products. The polyhedral oligomeric silsesquioxane market size hasn’t matured completely, and holds high potential in the future, as new applications are still being explored.
Polyhedral Oligomeric Silsesquioxane (POSS) Market – Report Scope
Persistence Market Research (PMR) recently published a study report on the global polyhedral oligomeric silsesquioxane (POSS) market. The report provides detailed valuation of key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the polyhedral oligomeric silsesquioxane market structure. This market research report presents exclusive facts and figures about how the polyhedral oligomeric silsesquioxane market will grow over the forecast period.
Key indicators of market growth, such as value chain analysis, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in PMR’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the polyhedral oligomeric silsesquioxane market over the forecast period.
The study is relevant for stakeholders in the POSS market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the polyhedral oligomeric silsesquioxane market can leverage the information and statistics presented in PMR’s research report.
The report includes facts & figures related to the micro- as well as macro-economic factors that are impacting the growth of the polyhedral oligomeric silsesquioxane market. The study also offers actionable insights based on the future trends in the POSS market. Furthermore, regional players and new entrants in the polyhedral oligomeric silsesquioxane market can also use the information presented in this report to make business decisions and gain momentum in the market space.
Key Segments of Polyhedral Oligomeric Silsesquioxane Market
PMR’s study on the polyhedral oligomeric silsesquioxane market is divided into four significant segments – type, form, function, application, and region. This report offers comprehensive data and information about important market dynamics and growth parameters related to these categories.
Key Questions Answered in PMR’s Polyhedral Oligomeric Silsesquioxane Market Report
Polyhedral Oligomeric Silsesquioxane Market: Research Methodology
In PMR’s research report, an exclusive methodology is utilized to conduct comprehensive research on the development of the polyhedral oligomeric silsesquioxane market, and reach conclusions on the future growth factors of the market. In this research methodology, secondary and primary research is utilized by analysts to ensure precision and reliability of the conclusions.
Secondary resources are referred to by analysts during the evaluation of the POSS market study, which comprises facts and figures from the World Bank, OEM websites, government websites, white papers, trade journals, and external and internal databases. Analysts have thoroughly interviewed several industry experts, such as sales supervisors, sales operation managers, product portfolio managers, senior managers, market intelligence managers, marketing/product managers, and production managers to provide insightful information.
Comprehensive information acquired from primary and secondary resources is validated from companies operating in the market to make PMR’s projections on growth prospects of the polyhedral oligomeric silsesquioxane market more accurate and reliable.