Global smart polymer market shows rapid growth, predicted to reach $54.5 billion by 2028

Global smart polymer market

DUBLIN, March 8, 2024 (Globe Newswire) — The Global Smart Polymer Market 2023-2028 report has been added. ResearchAndMarkets.com Recruitment.

The global smart polymers market was valued at $23.8 billion in 2023 and is projected to grow to $54.5 billion by 2028 at a CAGR of 18%.

Smart polymers include a variety of materials that can change color, transparency, and shape in response to changes in the environment. These high-performance polymers, also known as stimulus-responsive polymers or functional polymers, exhibit sensitivity to various factors such as temperature, humidity, pH, chemical compounds, light intensity, electromagnetic fields, and exhibit changes such as color changes. enable change. , increased shape modification including transparency, conductivity, or shape memory.

These materials can be incorporated into sensors, artificial muscles, hydrogels, biodegradable packaging, biomedical engineering, and are being developed for drug delivery systems and other medical applications. Smart polymers represent a significant advance in polymer science, offering robust properties and multifunctionality, with potential applications spanning fields as diverse as biotechnology, electronics, textiles, and environmental solutions.

Smart polymers or stimuli-responsive polymers currently available on the market are classified as physically responsive, chemically responsive, biologically responsive, etc. Among the stimulus responsiveness mentioned above, physical responsiveness and biological responsiveness are expected to show effective and reasonable results in the smart polymer market. Chemically responsive and other stimuli-responsive polymers have generally not undergone significant development due to issues related to the specific chemical trigger and the scale of investment required.

Although these new technologies have undergone significant research and development, they are still in the experimental or testing stage. Additionally, some stimulus-responsive polymers have other support and pretreatment applications that may improve the performance and efficiency of smart polymer plants. These include pH/ion responsive and electromagnetic responsive polymers. Additionally, shape memory polymers are one of the emerging product types that are growing among consumers due to their ability to return to their original shape.

story continues

Most of the leading smart polymer manufacturers are based in countries such as the United States and Germany, or regions such as Asia Pacific. The United States will be the largest user of the market during the forecast period. The European market offers a diverse mix of markets. Countries like Germany and France can be evaluated based on their presence against the largest multi-brand companies competing in global markets. China and India have the largest biodegradable recycled polymer programs and plans among other Asia-Pacific countries. At the country level, the United States has the highest demand for smart polymers due to its strong biomedical and R&D sectors, followed by Japan, China, and India.

Report scope

Innovative polymers respond to physical, chemical, and biological stimuli. These include those that respond to changes in pH, temperature, light, mechanical stimulation, and immolation polymers. Therefore, these properties of smart polymers have led to the emergence of numerous industrial applications, leading to high growth of the market. This report highlights some of the physical, chemical, and biological parameters of smart polymers that are being monitored by government and industry as the technology continues to develop and advance. This report mainly focuses on smart polymers and their use in end-use industries such as biomedical and biotechnology, architecture and construction, textiles, electrical and electronics, automotive, personal care and cosmetics, packaging, and aerospace. Masu.

This report on the smart polymers market focuses on the strong demand for smart polymers and the technologies that define their difference from regular polymers. New technologies will help the industry meet regulatory requirements for smart polymer manufacturing and development.

The publisher analyzed key categories and regions to determine the current and future Smart Polymers market status and forecast the market growth from 2022 to 2028. The report also covers market strategies, key players in the supply chain structure of each country, and market drivers.

The report also features a separate section focusing on the sustainability aspects of the Smart Polymers market at the global level. This section covers the company's performance on various ESG (Environmental, Social, Governance) parameters.

Market size and estimates are provided in monetary terms based on market forecasts for the period 2023 to 2028, with 2022 as the base year. Regional level market size for technologies and applications is also provided.

The report includes:

• 180 data tables and 40 additional tables

• Global market overview related to smart polymers

• Detailed analysis of global market trends, featuring historical revenue data for 2022 and estimated numbers for 2023. This analysis includes a compound annual growth rate (CAGR) forecast through 2028.

• Assessment of current market size and revenue growth prospects specific to Smart Polymers with comprehensive market share analysis categorized by stimulus-responsiveness, product type, end-use, country, and geographic region.

• Details about the different types of smart polymers, their applications, supply chain structures, changing trends in channel partner preferences, and comparisons with available conventional polymers.

• Discussion of future trends and prospects for smart polymer materials, as well as some key issues such as thermal/mechanical properties and regulatory challenges.

• Review of patents, ESG trends, and emerging technologies related to smart polymers

• Market share analysis of key players in the industry, coverage of events such as mergers and acquisitions, joint ventures, collaborations and partnerships, and other key market strategies

• Detailed profiles of key market participants. We will provide an overview of each business.

• Company profiles of key players in the industry, including Huntsman International LLC, Evonik Industries AG, Covestro AG, Solvay, and BASF SE.

Key attributes:

Main topics covered:

Chapter 1; Prologue

Chapter 2 Overview and Highlights

Chapter 3 Market Overview

• Global smart polymer market: overview

• Smart polymers: biodegradable properties

• Smart polymers: biocompatible properties

Chapter 4 Market Trends

• driver

  • Growing advances in electronics and automotive fields

  • Growth of developments and advances in the biomedical and biotechnology industry

  • Increased development and use of smart polymers as sustainable and environmentally friendly materials

  • Growing dominance of global leaders

• assignment

Chapter 5 Emerging Technologies and Developments

• Current market trends

• New technology

• Transplanting smart polymers to the biomedical field

• Smart polymer nanocomposite

• Evolution and emerging trends in 4D printing using smart polymers

Chapter 6 Smart Polymer Supply Chain Structure

Chapter 7 Global Smart Polymer Market by Stimulus

• respond to physical stimuli

• thermoresponsive polymer

• shape memory polymer

• photoresponsive polymer

• others

• Biostimulus responsiveness

• biomolecule

• enzyme

• respond to chemical stimuli

• others

Chapter 8 Global Smart Polymer Market by Product Type

• gel

• coating

• movie

• Additive

• paint

• solvent

• others

Chapter 9. Global Smart Polymer Market by End-Use

• Biomedical and bioengineering

• drug delivery

• biosensor

• human tissue engineering

• artificial muscle

• gene therapy

• biocatalysis

• others

• packaging

• fiber

• car

• electrical and electronic

• personal care and cosmetics

• architecture and construction

• Aerospace

• others

Chapter 10 Global Smart Polymer Market by Regions

Chapter 11 Sustainability in the smart polymer industry: an ESG perspective

Chapter 12 Patent Analysis

• Significance of patent

• Importance of patent analysis

• Patent analysis based on country of origin

• Patent analysis based on publication year

• Patent analysis based on patent issuing companies

Chapter 13 M&A prospects

Chapter 14 Competitive Intelligence

Chapter 15 Company Profile

• BASF

• Covestro

• Evonik Industries

• exxon mobil company

• huntsman international

• Merck

• Nourion

• SMP Technologies

• Solvay

• Lubrizol Company

For more information about this report, please visit https://www.researchandmarkets.com/r/3z9q3g.

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source of international market research reports and market data. We provide the latest data on international and regional markets, key industries, top companies, new products and latest trends.

attachment

CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood,Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900