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Global Smart Polymers Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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  • 138 Pages
  • November 2023
  • Region: Global
  • IMARC Group
  • ID: 5911778
The global smart polymers market size reached US$ 1.6 Billion in 2022. Looking forward, the market is expected to reach US$ 3.7 Billion by 2028, exhibiting a growth rate (CAGR) of 15.00% during 2022-2028.

Smart polymers, also known as stimuli-responsive polymers, undergo reversible large, physical or chemical changes in response to small external changes in environmental conditions. These conditions generally include temperature, pH, light, magnetic or electric field, ionic factors, and biological molecules. Smart polymers assist in reducing dosing frequency, easing preparation, maintaining desired therapeutic concentration with a single dose, prolonging the release of the incorporated drug, lowering side effects, and improving stability. As they also offer versatility and tunable sensitivity, they find extensive applications in controlled drug delivery, tissue engineering, and biomedical applications across the globe.

Smart Polymers Market Trends

Smart polymers are widely employed in the automotive industry for manufacturing a broad range of automotive exterior and interior components. These components include fiber composite tires, actuating valves, self-healing bumpers, fluid shock systems, radiation fluid detection, automated wipers, engine air-flow control, and airbag sensors. This represents one of the key factors propelling the growth of the market. Apart from this, they are also used to produce self-healing and color-changing components and systems on account of the various beneficial properties of smart polymers. Moreover, there is a significant rise in the adoption of these polymers in the biomedical and healthcare industries worldwide for smart drug delivery systems. This can be accredited to the ability of smart polymers to maintain the stability of the drug level in the therapeutic window, allow monitoring of the medication level and enhance patient compliance. The market is further driven by the coronavirus disease (COVID-19) outbreak that has positively influenced the demand for biomedical devices and products, such as ventilators and face masks, to prevent the spread of the pandemic.

Key Market Segmentation

This research provides an analysis of the key trends in each sub-segment of the global smart polymers market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on type, stimulus and application.

Breakup by Type:

  • Shape Memory Polymers
  • Electroactive Polymers
  • Self-Healing Polymers

Breakup by Stimulus:

  • Physical Stimuli Responsive
  • Chemical Stimuli Responsive
  • Biological Stimuli Responsive

Breakup by Application:

  • Textile
  • Automotive
  • Electrical and Electronics
  • Biomedical and Biotechnology
  • Nuclear Energy

Breakup by Region:

  • North America
  • United States
  • Canada
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Latin America
  • Brazil
  • Mexico
  • Middle East and Africa

Competitive Landscape

The competitive landscape of the industry has also been examined along with the profiles of the key players being Akzo Nobel N.V., Autonomic Materials Inc., BASF SE, Covestro AG, Dow Inc., Evonik Industries AG, Huntsman International LLC, Merck KGaA, Nippon Shokubai Co. Ltd., Saudi Basic Industries Corporation (Saudi Arabian Oil Co.), SMP Technologies Inc, Solvay S.A. and The Lubrizol Corporation.

Key Questions Answered in This Report:

  • How has the global smart polymers market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global smart polymers market?
  • What are the key regional markets?
  • What is the breakup of the market based on the type?
  • What is the breakup of the market based on the stimulus?
  • What is the breakup of the market based on the application?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global smart polymers market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Smart Polymers Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Shape Memory Polymers
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Electroactive Polymers
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Self-Healing Polymers
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Stimulus
7.1 Physical Stimuli Responsive
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Chemical Stimuli Responsive
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Biological Stimuli Responsive
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Application
8.1 Textile
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Automotive
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Electrical and Electronics
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Biomedical and Biotechnology
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Nuclear Energy
8.5.1 Market Trends
8.5.2 Market Forecast
8.6 Others
8.6.1 Market Trends
8.6.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States Market Trends Market Forecast
9.1.2 Canada Market Trends Market Forecast
9.2 Asia-Pacific
9.2.1 China Market Trends Market Forecast
9.2.2 Japan Market Trends Market Forecast
9.2.3 India Market Trends Market Forecast
9.2.4 South Korea Market Trends Market Forecast
9.2.5 Australia Market Trends Market Forecast
9.2.6 Indonesia Market Trends Market Forecast
9.2.7 Others Market Trends Market Forecast
9.3 Europe
9.3.1 Germany Market Trends Market Forecast
9.3.2 France Market Trends Market Forecast
9.3.3 United Kingdom Market Trends Market Forecast
9.3.4 Italy Market Trends Market Forecast
9.3.5 Spain Market Trends Market Forecast
9.3.6 Russia Market Trends Market Forecast
9.3.7 Others Market Trends Market Forecast
9.4 Latin America
9.4.1 Brazil Market Trends Market Forecast
9.4.2 Mexico Market Trends Market Forecast
9.4.3 Others Market Trends Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Akzo Nobel N.V. Company Overview Product Portfolio Financials SWOT Analysis
14.3.2 Autonomic Materials Inc. Company Overview Product Portfolio
14.3.3 BASF SE Company Overview Product Portfolio Financials SWOT Analysis
14.3.4 Covestro AG Company Overview Product Portfolio Financials SWOT Analysis
14.3.5 Dow Inc. Company Overview Product Portfolio Financials SWOT Analysis
14.3.6 Evonik Industries AG Company Overview Product Portfolio Financials SWOT Analysis
14.3.7 Huntsman International LLC Company Overview Product Portfolio Financials SWOT Analysis
14.3.8 Merck KGaA Company Overview Product Portfolio Financials SWOT Analysis
14.3.9 Nippon Shokubai Co. Ltd. Company Overview Product Portfolio Financials SWOT Analysis
14.3.10 Saudi Basic Industries Corporation (Saudi Arabian Oil Co.) Company Overview Product Portfolio Financials SWOT Analysis
14.3.11 SMP Technologies Inc Company Overview Product Portfolio
14.3.12 Solvay S.A. Company Overview Product Portfolio Financials SWOT Analysis
14.3.13 The Lubrizol Corporation Company Overview Product Portfolio SWOT Analysis

Companies Mentioned

  • Akzo Nobel N.V.
  • Autonomic Materials Inc.
  • Covestro AG
  • Dow Inc.
  • Evonik Industries AG
  • Huntsman International LLC
  • Merck KGaA
  • Nippon Shokubai Co. Ltd.
  • Saudi Basic Industries Corporation (Saudi Arabian Oil Co.)
  • SMP Technologies Inc
  • Solvay S.A.
  • The Lubrizol Corporation



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