Smart Polymers

Report Code: CHM139B

Publish Date: Mar 2024

Publisher: BCC Publishing

Category: Chemicals

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Report Highlights

The global market for smart polymers is expected to increase from $23.8 billion in 2023 to $54.5 billion by the end of 2028, with a compound annual growth rate (CAGR) of 18.0% during the forecast period of 2023-2028.

Report Includes

  • 180 data tables and 40 additional tables
  • An overview of the global market for smart polymers
  • Analysis of global market trends, featuring historical revenue data for 2022, estimates for 2023, and projected compound annual growth rates (CAGRs) through 2028
  • Evaluation of the current market size and revenue growth prospects, accompanied by a market share analysis categorized by stimuli response, product type, end user, geographical region and country
  • A discussion of the different types of smart polymers and their applications, and supply chain trends
  • Forecast of future trends, including regulatory challenges, and coverage of the thermal/mechanical properties of smart polymeric materials
  • Review of patents related to smart polymers, as well as ESG trends and emerging technologies
  • Market share analysis of the key companies in the industry and coverage of mergers & acquisitions, joint ventures, collaborations, partnerships, and other market strategies
  • Company profiles of major players, including Huntsman International LLC, Evonik Industries AG, Covestro AG, Solvay and BASF SE

Report Scope

The innovative polymer is reactive to physical, chemical and biological stimuli. These include those responsive to changes in pH, temperature, light, mechanical stimuli and self-immolation polymers. Therefore, due to these characteristics of smart polymers, numerous industrial applications have emerged, leading to high growth in the market. This report covers some of the smart polymers' physical, chemical and biological parameters that governments and industries monitor due to their growing technological developments and advancements. This report focuses primarily on smart polymers and their use by end-use industries such as biomedical and biotechnology, building and construction, textile, electrical and electronics, automotive, personal care and cosmetics, packaging and aerospace.

This report on the smart polymers market highlights the strong demand for smart polymers and the technologies that define their differences from regular polymers. New technologies help industries meet regulatory requirements for manufacturing and developing smart polymers. BCC Research analyzed key categories and regions to determine the present and future smart polymers market status and forecasted market growth from 2022 through 2028. This report also discusses market strategies, supply chain structure key players in countries, and driving forces of the market.

The report also features a separate section highlighting the sustainability perspective of the smart polymers market at the global level. This section covers companies' performance on different ESG (environment, social and governance) parameters.

The market size and estimations are provided in terms of value, with 2022 serving as the base year and market forecasts given for the period 2023 to 2028. Regional-level market sizes, with respect to technology and application, are also provided.

Report Synopsis

Report Metrics Details
Base year considered 2022
Forecast period considered 2023-2028
Base year market size $20.4 billion
Market size forecast $54.5 billion
Growth rate CAGR of 18.0% for the forecast period of 2023-2028
Units considered $ Millions
Segments covered By Stimuli, By Product Type, By End Use
Regions covered North America, Europe, Asia-Pacific, Rest of the World (RoW)
Countries covered U.S., Canada, Mexico, Germany, Italy, France, Spain, Rest of Europe, China, India, Japan, South Korea, Rest of Asia-Pacific, Middle East, Africa, Latin America
Key Market Drivers
  • Upsurge in Advancements in the Electronics and Automotive Sectors
  • Growing Development and Advancement in the Biomedical and Biotechnological Industry
  • Rising Development and Utilization of Smart Polymers for Sustainable and Eco-friendly Materials
  • Rising Dominance of Global Leaders
Companies studied
EXXON MOBIL CORP.HUNTSMAN INTERNATIONAL LLC
MERCK KGAANOURYON
SMP TECHNOLOGIES INC.SOLVAY
THE LUBRIZOL CORP.BASF SE
COVESTRO AGEVONIK INDUSTRIES AG
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Frequently Asked Questions (FAQs)

The estimated market size of the smart polymer market will be $54.5 billion by 2028, with a CAGR of 18.0%.
  • Upsurging advancements in electronics and automotive sectors
  • Growing development and advancement in the Biomedical and Biotechnological industry
  • Rising development and utilization of smart polymer for sustainability and eco-friendly materials
  • Increasing investments in research and developments for smart polymers
  • Rising dominance of global leaders
The market is segmented based on stimuli, product type, end-user, and region. Segmentation based on stimuli, the market is segmented within fused physical stimuli responsive (thermo-responsive polymers, shape memory polymers, photo-responsive polymers, and others), biological stimuli responsive (biomolecules and enzymes), chemical stimuli responsive, and other. Based on product type, the market is segmented into gels, coating, additives, films, paints, solvents, and others. Based on end-users, the study entails segmentation within biomedical and biotechnology (drug delivery, biosensors, tissue engineering, artificial muscle, gene therapy, bio-catalysis, and others), packaging, textile, automotive, electrical and electronics, personal care & cosmetics, building and construction, aerospace, and others. Regional estimates and forecasts comprise North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
The biomedical and biotechnology segment will continue to dominate the market by the end of 2028.
Europe holds the largest market share due to the extensive adoption of biodegradable polymers and the presence of key players in this region. Additionally, the U.S. and China have been among the largest adopters of the technology. The U.S. and Germany has the largest installed base of smart polymers globally and remains at the forefront of innovation and development in the overall polymers sector.

Analyst Credentials

BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.

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Table of Contents

All reports provided in PDF format. For shared licensing options (5+ Users), please call a representative at (+1) 781-489-7301 or contact us at info@bccresearch.com
Title/Chapter NamePagesMember Price
Full Report: Smart Polymers176Free
Chapter- 1: Introduction5Free
Chapter- 2: Summary and Highlights3Free
Chapter- 3: Market Overview3Free
Chapter- 4: Market Dynamics 8Free
Chapter- 5: Emerging Technologies and Development2Free
Chapter- 6: Smart Polymer Supply Chain Structure2Free
Chapter- 7: Global Smart Polymers Market by Stimuli10Free
Chapter- 8: Global Smart Polymers Market by Product Type7Free
Chapter- 9: Global Smart Polymers Market by End Use 13Free
Chapter- 10: Global Smart Polymers Market by Region 68Free
Chapter- 11: Sustainability in Smart Polymers Industry: An ESG Perspective10Free
Chapter- 12: Patent Analysis5Free
Chapter- 13: Mergers and Acquisitions Outlook1Free
Chapter- 14: Competitive Intelligence2Free
Chapter- 15: Company Profiles33Free
Chapter- 16: Appendix4Free
Published - Jan-2020| Analyst - Anand Gijare| Code - CHM139A

Report Highlights

This report will provide supply-chain analysis for smart polymers along with quantitative data in terms of value and volume of their production. It will provide data in terms of regional split, segmentation by different types of smart polymers and applications.Data on competitive landscape, leading suppliers and their market share is also analyzed. This report will conduct research on supply chain management, challenges, gaps and strategies used to improve logistics.

Report Includes

  • A conceptual study of smart polymers and their applications in the commercial marketplace
  • Outlining detail pertaining to different types of smart polymers, their applications and supply chain structure, changing trends in channel partner preferences, and comparisons with those conventional polymers available
  • Analyses of global market trends for smart polymers with data from 2019, estimates for 2020 and 2021, and projections of compound annual growth rates (CAGRs) through 2026
  • Regional dynamics of the smart polymers market covering North America, Europe, APAC and other emerging economies from rest of the World
  • Discussion of future trend and perspectives, as well as some important issues like thermal/mechanical properties and regulatory challenges, of smart polymeric materials

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Smart Polymers

Published - Mar 2024 | Publisher - BCC Publishing | Code - CHM139B

The global market for smart polymers is expected to increase from $23.8 billion in 2023 to $54.5 billion by the end of 2028, with a compound annual growth rate (CAGR) of 18.0% during the forecast period of 2023-2028.

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