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Global Smart Polymer Market – Industry Trends and Forecast to 2029

Chemical and Materials

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Global Smart Polymer Market – Industry Trends and Forecast to 2029

  • Chemical and Materials
  • Upcoming Report
  • Aug 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Smart Polymer Market – Industry Trends and Forecast to 2029

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2021–2029
Diagram Market Size (Base Year) USD 5.48 USD Billion
Diagram Market Size (Forecast Year) USD 19.31 USD Billion
Diagram CAGR %

Major Markets Players

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Global Smart Polymer Market, By Type (Shape Memory Polymers, Electroactive Polymers, Self-Healing Polymers, and Others), Stimulus (Physical Stimuli-Responsive Polymers, Chemical Stimuli-Responsive Polymers, Biological Stimuli-Responsive Polymers), End User (Biomedical and Biotechnology, Textile, Electrical and Electronics, Automotive, Nuclear Energy, Others) – Industry Trends and Forecast to 2029.

Smart Polymer Market

Smart Polymer Market Analysis and Size

The science and technology continues to grow at a constant pace due to steady research and development activities and advancements in technology. The importance of smart polymers is growing day-by-day due to their ability to undergo large physical, chemical or reversible changes in response to variations in the environmental conditions. They respond to many environmental stimuli such as electric field, pH, temperature, light, enzymes, and biomolecules. The “physical stimuli-responsive” is the highest growing stimulus segment of the market due to highly sensitive towards surrounding changes over the forecast period.

Data Bridge Market Research analyses that the smart polymer market is expected to undergo a CAGR of 17.05% during the forecast period. This indicates that the market value, which was USD 5.48 billion in 2021, would rocket up to USD 19.31 billion by 2029.  In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Smart Polymer Market Scope and Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Shape Memory Polymers, Electroactive Polymers, Self-Healing Polymers, and Others), Stimulus (Physical Stimuli-Responsive Polymers, Chemical Stimuli-Responsive Polymers, Biological Stimuli-Responsive Polymers), End User (Biomedical and Biotechnology, Textile, Electrical and Electronics, Automotive, Nuclear Energy, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

BASF SE (Germany), Solvay (Belgium), DuPont  (U.S), Evonik Industries (Germany), Covestro AG (Germany), SABIC (Saudi Arabia), Autonomic Materials Inc, (U.S.), Nouryon (Netherland), Berkshire Hathaway Inc. (U.S.), Merck KGaA (Germany), The Lubrizol Corporation (U.S.), Spintech Holdings Inc.(U.S.), Akina, Inc. (U.S.), SMP Technologies Inc (Japan), NEI Corporation. (U.S.), Akzo Nobel N.V.(Netherland), NIPPON SHOKUBAI CO., LTD. (Japan), FMC Corporation. (U.S.), Huntsman International LLC. (U.S.)

Market Opportunities

  • Growth and expansion of healthcare sector
  • Surging demand of smart polymer in several industries
  • Rising research and development opportunities
  • Increase focus towards expansion

Market Definition

The term smart polymer contains an extensive range of compounds that can change their transparency or shape and colour in response to their environmental conditions. These polymers are smart due to their ability to respond in a very dramatic way. Smart polymers are also known as intelligent materials or stimuli-responsive polymers. These polymers are used in several applications include sensors and actuators such as biodegradable packaging, artificial muscles; production of hydrogels and in biomedical engineering.

Smart Polymer Market Dynamics

Drivers

  • Rising demand of physical stimuli-responsive polymer

Physical stimuli-responsive polymer has cover the largest share of overall market. These materials are highly sensitive to environment conditions such as changes in ultrasound, electric potential, temperature, UV radiations, and magnetic field. The rising demand of physical stimuli-responsive polymer are expected to drive the growth rate of the smart polymer market.

  • Surging usage in drug delivery system

Smart polymers are extensively used in drug delivery system because these polymers maintain the stability of the level of drugs in therapeutic window, increase patient compliance and allow monitoring of the medication level. The rise in the importance of synthesis and design of effective drug delivery systems in the healthcare is anticipated to drive the smart polymers market growth. 

  • Increasing demand due to favourable properties of smart polymers

Smart polymers contain favourable properties such as flexible, tough, resilient, and biocompatible. These polymers don’t get damaged or get degraded easily. These factors have helped numerous end-user industries to adopt smart polymer in their key applications. Therefore, smart polymers are used in the production of smart materials such as phase change materials, smart textiles, sensors, actuators, and much more. The growing demand for these products are expected to drive the smart polymers market growth.

Opportunities

  • Surging demand of smart polymer in several industries

Smart polymers are widely used in several applications. For instance, these polymers are used in manufacturing sensors and actuators, hydrogels, and biodegradable packaging. Furthermore, smart polymers are widely used in healthcare and biomedical engineering, creating immense opportunities for the growth of the smart polymer market.

  • Increase focus towards expansion

The major companies are mostly shifting their focus towards introducing new and innovative products and growing their production capacities into the smart polymer market to attain the competitive advantage. Also, the rising number of partnership for developing advanced smart polymer is projected to boost market growth.

Restraints/Challenges

  • Associated side-effects of smart polymer

Smart polymers are very harmful for human health which are expected to restrain the growth rate of the smart polymer market during the forecast period. Health hazards include skin flushing, gastrointestinal upset, coughing and kidney damage.

Furthermore, other drawbacks such as thermosensitive polymers include high burst drug release, lack of biocompatibility of the polymeric system, low mechanical strength of the gel which is leading to potential dose-dumping and gradual decreasing of pH of the system due to acidic degradation are some major factor which also obstruct the growth rate of the market.

This smart polymer market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the smart polymer market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Smart Polymer Market

The outbreak of COVID-19 pandemic is anticipated to have a short-term impact on the overall growth of smart polymers market globally. The demand for smart polymer from the automotive industry is expected to decrease due to lockdown restrictions and cross-border transportation and trade restrictions. However, the demand of smart polymers has increased from the medical field which is anticipated to grow the market value of smart polymer.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

  • In 2019, Evonik Industries AG had announced plans to manufacture a polyamide 12 (PA12) facility in Marl, Germany; and increase the manufacturing of transparent polyamides at the Marl Chemical Park. The expense of this project is estimated to be US$ 475.58 Mn. The PA12 manufacturing facility is expected to be operational in the first half of 2021. The new PA12 facility is projected to upsurge the overall capacity of PA12 by more than 50%.

Global Smart Polymer Market Scope

The smart polymer market is segmented on the basis of type, stimulus and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

Stimulus

  • Physical Stimuli-Responsive Polymers
  • Thermo-Responsive Polymers
  • Photo-Responsive Polymers
  • Pressure-Responsive Polymers
  • Electroactive and Magnetically-responsive Polymers
  • Chemical Stimuli-Responsive Polymers
  • PH-Responsive Polymers
  • Biological Stimuli-Responsive Polymers           
  • Enzymes-responsive Polymers
  • Self-healing Polymers

End User

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

Smart Polymer Market Regional Analysis/Insights

The smart polymer market is analysed and market size insights and trends are provided by country, type, stimulus and end user as referenced above.

The countries covered in the smart polymer market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the smart polymer market due to the increasing applications from several sectors such as biomedical, textile, automotive, electrical industries in this region.

Asia-Pacific will continue to project the highest compound annual growth rate during the forecast period due to the growth of various end-use industries and rapid industrialisation in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Smart Polymer Market Share Analysis

The smart polymer market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to smart polymer market.

Some of the major players operating in the smart polymer market are:

  • BASF SE (Germany)
  • Solvay (Belgium)
  • DuPont  (U.S)
  • Evonik Industries (Germany)
  • Covestro AG (Germany)
  • SABIC (Saudi Arabia)
  • Autonomic Materials Inc, (U.S.)
  • Nouryon (Netherland)
  • Berkshire Hathaway Inc. (U.S.)
  • Merck KGaA (Germany)
  • The Lubrizol Corporation (U.S.)
  • Spintech Holdings Inc. (U.S.)
  • Akina, Inc. (U.S.)
  • SMP Technologies Inc (Japan)
  • NEI Corporation. (U.S.)
  • Akzo Nobel N.V.(Netherland)
  • NIPPON SHOKUBAI CO., LTD.(Japan)
  • FMC Corporation. (U.S.)
  • Huntsman International LLC. (U.S.)


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FREQUENTLY ASK QUESTIONS

The smart polymer market value is projected USD 19.31 billion by 2029.
The smart polymer market is projected to grow at a CAGR of 17.05% during the forecast period of 2022-2029.
The major players operating in the Smart Polymer Market are BASF SE (Germany), Solvay (Belgium), DuPont (U.S), Evonik Industries (Germany), Covestro AG (Germany), SABIC (Saudi Arabia), Autonomic Materials Inc, (U.S.), Nouryon (Netherland), Berkshire Hathaway Inc. (U.S.), Merck KGaA (Germany), The Lubrizol Corporation (U.S.), Spintech Holdings Inc.(U.S.), Akina, Inc. (U.S.), SMP Technologies Inc (Japan), NEI Corporation. (U.S.), Akzo Nobel N.V.(Netherland), NIPPON SHOKUBAI CO., LTD. (Japan), FMC Corporation. (U.S.), Huntsman International LLC. (U.S.).
The major countries covered in the Smart Polymer Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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