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Polyhedral Oligomeric Silsesquioxane Market is Segmented by applications include antistatic and shielding plastics for displays, computers, electronic packaging, business equipment products, and aircraft canopies.
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 material 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.
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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.
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The POSS market hasn’t matured completely, and holds high potential in the future, as new applications are yet to be explored.
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.
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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.
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.
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.
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