The global smart polymers market size was USD 1,295.2 Million in 2020 and is expected to register a revenue CAGR of 20.5% during the forecast period. Rising adoption of smart polymers in biomedical biotechnology, textiles, and electrical electronics industries is expected to drive market revenue growth to a significant extent during the forecast period. Ability of smart polymers to change color, transparency, and shape in response to the environment is boosting usage in a wide range of applications. Smart polymers are chemically formulated to sense a particular change in the environment in biological systems such as temperature, magnetic, pH, dual-stimuli, light intensity etc. Smart polymers are also known as stimuli-responsive polymers or intelligent materials and appear in highly specialized items. Usage of smart polymers include actuators and sensors such as artificial muscles, biodegradable packaging, production of hydrogels, and in biomedical engineering. Moreover, smart polymers are promising means for enhanced drug delivery, targeted drug delivery, actuator stimuli, gene therapy, and protein folders.
Top Companies Operating in the Global Smart Polymers Market:
The Lubrizol Corporation, BASF SE, Covestro AG, Evonik Industries AG, Autonomic Materials, Merck Group, Saudi Basic Industries Corporation (SABIC), Solvay S.A., Nouryon, and NIPPON SHOKUBAI CO., LTD.
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Major Factors Contributing to the Global Materials and Chemicals Market Revenue Growth
The global materials chemicals market revenue growth is primarily attributed to factors such as fast-paced industrialization across the globe, rising demand for essential consumer goods (including packaged foods beverages, personal care cosmetic products, and household hygiene products), and increasing applications of raw materials and chemicals in a wide range of industries including the buildings construction, food beverage, pharmaceutical, agriculture, and textile industries. Other important factors contributing to the global market revenue growth are increasing industrial applications of specialty chemicals, growing use of high-performance, organic agrochemicals in the agriculture industry, rising environmental concerns among the population, growing need for environmentally friendly and sustainable raw materials and chemicals, and increasing government investments in the materials chemicals industry.
Table of Contents:
- Report Overview
1.1 Research Scope
1.2 Key Smart Polymers market segments
1.3 Major players
1.4 Market analysis by product type
1.5 Market analysis by application
1.6 Report timeline - Global Growth Trends
2.1 Global Smart Polymers market size
2.2 Latest regional market trends
2.3 Emerging growth trends - Competitive Outlook
3.1 Global Smart Polymers market key players
3.2 Global Smart Polymers size by manufacturers
3.3 Products of major players
3.4 Entry barriers in the Smart Polymers market
3.5 Mergers, acquisitions, joint ventures, and other strategic alliances
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Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East Africa)
Smart Polymers Market Segmentation
Structure Type Outlook
- Chemical Structure
- Physiological Structure
- Others
Stimulus Type Outlook
- Physical Stimuli-Responsive
- Chemical Stimuli-Responsive
- Biological Stimuli-Responsive
- Others
End-use Industry Outlook
- Biomedical Biotechnology
- Automotive
- Electrical Electronics
- Textile
- Nuclear Energy
- Others
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