Asia Pacific Smart Materials Industry Databook Series - Q2 2023 Update

According to the publisher, Smart materials in the region are expected to grow by 9.7% on an annual basis to reach US$8,265.6 million in 2023.

Medium to long term growth story of Smart materials in Asia Pacific remains medium. Smart materials adoption is expected to grow steadily over the forecast period, recording a CAGR of 10.4% during 2023-2027. The Smart materials in the country will increase from US$7,535.2 million in 2022 to reach US$12,282.5 million by 2027.

This market intelligence report provides a detailed view of market opportunities in the smart materials industry at region level. With over 170+ KPIs, covering market size by end-use, application areas, and smart materials types in Asia-Pacific, this Databook offering primarily provides data-centric analysis with charts and tables.

• End-Use Market Dynamics: Provides a comprehensive data-centric view of size and structure, industry dynamics, and smart materials opportunities in various end-use sectors in Asia-Pacific.
• Application Areas: Provides an in-depth analysis of smart material application areas across various end-use sector at region level.
• Smart Materials Types: Provides demand analysis of market by 9 key smart materials types. Shape Memory Alloy, Piezoelectric Materials, Thermo-Responsive Materials, Magneto strictive Materials, Chromic Materials, pH Sensitive Materials, Magnetorheological Materials, Phase Change Material, and Self-Healing Material. This segment provides in-depth analysis of use of smart materials in end-use sectors.

The research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities.

The growing demand for energy-efficient, coupled with the transition to sustainable construction practices, is expected to aid the growth of the Asia Pacific smart materials industry growth over the next five years. The advancement in technology and the availability of innovative products will drive the adoption of smart construction materials in the construction industry in the Asia Pacific market.
Over the next five years, the publisher also expects a growing number of strategic collaborations in the segment, as government organizations seek to push forward with their net-zero goals. This will also lead to a rising investment in the sector driving further innovation and a competitive landscape. Overall, the publisher maintains a positive growth outlook for the smart materials market in Asia Pacific over the next five years.

Innovative building material providers are seeking to expand their presence in the Asia Pacific region through strategic collaborations

The demand for innovative building products, which can aid government organizations in reducing carbon emissions and achieving their net-zero goals, is projected to grow significantly over the next five years. To capitalize on the growing demand, firms are seeking to expand their presence in the Asia Pacific market.

• ClearVue, the Perth-based firm, is making major inroads into the smart materials segment with its building-integrated photovoltaic products. The innovative solution generates green electricity from the sun by integrating solar cells into skylights, building facades, and glass windows.
• In 2022, ClearVue entered into a partnership with AZ Group and its subsidiary My Window in Cambodia. This partnership is an indication of the growing demand for the products offered by ClearVue in the Asia Pacific region. For ClearVue, the collaboration will allow the firm to explore glazing installation opportunities in the Southeast Asian market.

With Asia Pacific emerging as one of the leading regions for the solar photovoltaic glass market, ClearVue’s growing presence in the region will keep assisting the growth of the smart materials space over the next three to four years.

Climate goals will aid the adoption of smart construction materials in Asia Pacific region

Over the last few years, the growing concerns surrounding climate change have forced many nations to adopt a net-zero policy. In their efforts to reach carbon neutrality, government institutions across the region are expected to increase the adoption of smart construction materials, as the construction industry is one of the largest contributors to total carbon emissions.

• China, for instance, has made significant inroads in the energy saving and energy structure optimization space in the construction sector. Consequently, the green building and green building material sectors are expected to gain momentum steadily over the next five years.
• To promote sustainable and green construction practices, the Chinese government has also announced policy measures, including the General Code for Building Energy Conservation and Renewable Energy Utilization. The supportive and favourable regulatory environment is, therefore, expected to aid the growth of the smart construction materials space in China from the short to medium-term perspective. Moreover, this also opens up opportunities for foreign investors to invest in the Chinese construction market.

Over the next three to four years, the publisher expects more government organizations in the Asia Pacific market to adopt green and sustainable construction practices, thereby leading to higher adoption of smart materials in infrastructure, residential, and commercial projects. This will subsequently keep supporting the growth of the Asia Pacific smart materials market from the medium to long-term perspective.

Scope

This title is a bundled offering, combining 13 reports.

Country reports in this bundled offering provide in-depth analysis of Smart Materials. Below is a summary of key market segments offered at country level:

Smart Materials Market Size by Type, 2018-2027

• Shape Memory Alloy
• Piezoelectric Materials
• Thermo-Responsive Materials
• Magneto strictive Materials
• Chromic Materials
• pH Sensitive Materials
• Magnetorheological Materials
• Phase Change Material
• Self-Healing Material

Smart Materials Market Size by End-Use, 2018-2027

• Aerospace & Defence Industry
• Biomedical & Pharmaceutical Industry
• Industrial Manufacturing Industry
• Technology Industry
• Construction Industry
• Food & Beverages Industry
• Automotive and Transportation Industry
• Energy & Utility Industry
• Other Industry

Smart Materials Market Size by Application Areas, 2018-2027

• Food Packaging
• Food Processing
• Food Safety
• Materials & Manufacturing
• Mechanical & Functional Response
• Process Management
• Drug Delivery Systems
• Tissue Engineering
• Diagnostics
• Antibacterial Materials
• Devices
• Building Materials
• Coatings
• Energy Storage
• Energy Harvesting
• Robotics
• Other

Smart Materials By Material X End-Use, 2018-2027

Smart Materials By Material X End-use Sector X Application, 2018-2027

Smart Materials By End-use Sector X Application, 2018-2027

Reasons to Buy

• In-depth Understanding of Smart Materials Market: Market opportunity and key data trends across 170+ market segments.
• Deeper Segmentation of Smart Materials: Market size and forecast by types, end-use, and application areas.
• Develop Market-Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market-specific key trends, drivers, and risks in the smart materials industry in Vietnam
• Comparable Data: Get detailed and comparable data for the smart materials market across 100 countries.