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REPORT OUTLOOK
| Market Size | CAGR | Dominating Region |
|---|---|---|
| USD 4.99 billion by 2029 | 16.19% | North America |
| By Type | By Stimulus | By Application | By Region |
|---|---|---|---|
|
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|
SCOPE OF THE REPORT
Smart Polymers Market Overview
The smart polymers market is expected to grow at 16.19% CAGR from 2023 to 2029. It is expected to reach above USD 4.99 billion by 2029 from USD 1.3 billion in 2020.
The global smart polymers market is expected to rise at a considerable rate during the forecast period. In 2021, the market is growing steadily and is expected to rise above the projected horizon because of the strategy adopted by key players.
The term “smart polymer” refers to a wide variety of various substances that can alter their color, transparency, or shape in reaction to their surroundings. These substances are considered smart because they can react dramatically even to minute environmental changes. Both highly specialist applications and commonplace items use smart polymers. They are utilized in the creation of hydrogels, biodegradable packaging, artificial muscles and, to a large extent, biomedical engineering as sensors and actuators. The medicinal & biotechnology, automotive, and textile industries all use smart polymers. The need for smart polymers is increasing because of the automobile industry’s need for low-cost, high-performance, smart material-based sensors and actuators. Smart polymers are also frequently employed in drug delivery systems because they preserve drug level stability within the therapeutic window, enable medication level monitoring, and improve patient compliance. The market for smart polymers is anticipated to expand as the design and synthesis of effective drug delivery systems become increasingly important in the healthcare industry. Additionally, because smart polymers are biocompatible, they are employed in the production of biomedical equipment including pacemakers, hip and knee replacements, dental implants, and artificial teeth and bones to extend the lifespan of these medical devices. Over the anticipated period, these elements are anticipated to fuel the market for smart polymers.
There are several applications for smart polymers. For instance, these polymers are used to create hydrogels, biodegradable packaging, and sensors and actuators. Moreover, the market for smart polymers is experiencing tremendous development potential due to the widespread application of these materials in biomedical engineering and healthcare. Also, to gain a competitive edge, the major corporations are increasingly refocusing their efforts on launching fresh, ground-breaking goods and expanding their production capabilities in the market for smart polymers. Also, the expansion of partnerships aimed at creating new smart polymers is anticipated to spur demand.
| ATTRIBUTE | DETAILS |
| Study period | 2020-2029 |
| Base year | 2021 |
| Estimated year | 2022 |
| Forecasted year | 2022-2029 |
| Historical period | 2018-2020 |
| Unit | Value (USD Billion), (KILOTONS) |
| Segmentation | By type, by stimulus, by application, by region |
| By Type
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| By Stimulus
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| By Application
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| By Region
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Due to their severe health risks, smart polymers are predicted to slow the market’s expansion during the anticipated term. Skin flushing, gastrointestinal distress, coughing, and kidney damage are all health risks.
Additionally, other drawbacks like thermosensitive polymers’ high burst drug release, the polymeric system’s lack of biocompatibility, the gel’s weak mechanical strength, which could result in dose dumping, and the system’s gradual pH decline as a result of acidic degradation are some significant factors that also restrain the market’s growth rate.
Smart polymer sales reached previously unheard-of heights because of COVID-19. The manufacturing of N95-type masks in China increased significantly from 20.0 million pieces per day before the crisis to 150.0 million in February, according to the Organization for Economic Co-operation and Development. In addition, a 1,256.0% growth from January to May 2020 saw the registration of 70,802.0 new face mask manufacturing or trading businesses in China. As a result, during the COVID-19 epidemic, the demand for smart polymers from face mask makers has increased.
Biomedical equipment like pacemakers, artificial teeth, artificial bones, hip and knee replacements, and dental implants are made using smart polymers like shape memory and self-healing polymers. The need for biomedical devices had increased dramatically during the COVID-19 outbreak for the treatment of both patients with the corona virus and those with other illnesses and diseases. During the projected period, this factor is probably going to result in an increase in demand from producers of biomedical devices for smart polymers.
Smart polymers are used in a broad variety of automotive-related products, including energy-absorbing assemblies, reconfigurable storage bins, seat assemblies, hood assemblies, vehicle structures, airflow control systems, releasable fastening systems, and adaptive lens assemblies. The COVID-19 outbreak, and closure have had a significant negative impact on the automotive sector. Due to a broken supply chain, the car manufacturers have stopped producing electric vehicles. The drop in passenger vehicle production is probably going to result in a decline in the demand for smart polymers, which is going to have an impact on the market’s growth throughout the forecast period.
Since the governments of China and India are gradually removing the limits on the start of industrial activities, the manufacturers of smart polymers worldwide have enormous chances to expand and maximize revenue. As a result, there will likely be an increase in demand for smart polymers and the goods made from them in the automotive, healthcare, textile, and electronics industries.
Smart Polymers Market Segment Analysis
The smart polymers market is segmented based on type, stimulus, application, and region. By type the market is bifurcated into shape memory polymers, electroactive polymers, self-healing polymers.
In 2021, the sector for shape memory polymers held the majority of the market share. Shape memory polymers are utilized to create revolutionary smart materials that are projected to displace conventional materials in a number of engineering applications. These polymers are currently of tremendous interest for fundamental study and technological advancement. These polymers are employed in a variety of industries, including robotics, apparel, aircraft, telecommunication, medicine, and surgical fixation. The use of shape memory polymers in active medical devices is the most alluring application area, and it is anticipated to offer the industry’s players a significant growth opportunity.
By stimulus the market is bifurcated into physical stimuli responsive, chemical stimuli responsive, and biological stimuli responsive.
The segment of smart polymers that respond to physical stimuli accounted for the largest market share in 2021. Smart polymers that are physically responsive are sensitive to a variety of environmental stimuli and alter their microstructural characteristics in response to these inputs. These kinds of smart polymers are frequently employed in healthcare and biotechnology applications as a safe polymer.
According to application, the biomedical & biotechnology sector dominated in 2021. Many applications, including targeted medication delivery, improved drug delivery, gene therapy, actuator stimuli, and protein folding, make extensive use of smart polymers. Targeted drug delivery systems, bio-separation and microfluidic processes, tissue engineering, gene carriers, and reversible biocatalysts are some of the pharmaceutical applications. The three major characteristics of smart polymers—keeping drug stability, maintaining drug level in therapeutic window, and ease of production—make them excellent for biomedical and biotechnology applications. The next-generation materials, known as smart polymers, have amazing qualities and are anticipated to be crucial to the development of smart medicine.
Smart Polymers Market Key Market Players
The major players in the Smart Polymers Market include BASF SE, Covestro AG, SABIC, Autonomic Materials, Inc., Nouryon, Evonik Industries AG, Berkshire Hathaway, Inc., Merck KGaA, Solvay SA, and Medshape, Inc.
6 February 2023; Covestro successfully started up a new world-scale facility for the production of chlorine in Tarragona, Spain. It is the first world-scale production plant for chlorine based upon the highly innovative and energy efficient ODC (oxygen depolarized cathode) technology invented by Covestro and its partners. The new plant ensures an efficient, permanent and independent supply of chlorine and caustic soda to MDI production in Tarragona. This is expected to strengthen the European production network for MDI – a precursor for the manufacture of rigid polyurethane foam used to insulate refrigeration appliances and buildings. The 200-million-euro investment has created 50 new jobs on site.
31 January, 2023; Nouryon announced the US launch of Triameen® Y12D antimicrobial active that allows customers to formulate high-efficiency disinfectants for a variety of uses including household, institutional, and industrial applications. The announcement was made during the Technology Showcase at the American Cleaning Institute’s 2023 Annual Meeting and Industry Convention.
Who Should Buy? Or Key Stakeholders
- Investors
- Chemical Industry
- Polymer Industry
- Manufacturing companies
- End user companies
- Government Institution
- Research Organizations
- Environment, Health, and Safety Professionals
- Regulatory Authorities
- Others
Smart Polymers Market Regional Analysis
The Smart Polymers Market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN and Rest of APAC
- Europe: includes UK, Germany, France, Italy, Spain, Russia, and Rest of Europe
- South America: includes Brazil, Argentina, and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and Rest of MEA
Due to the ongoing expansion of research activities for the use and commercialization of smart polymers, North America had the lion’s share of the global market for smart polymers in 2019. In the global healthcare market, the United States holds the largest share. Also, the nation’s rapidly expanding medical sector is anticipated to increase demand for smart polymers. The nation has made significant advancements in the development of cutting-edge medical technology and drug delivery systems, which has resulted in a significant increase in the need for smart polymers there. In addition, the growing use of smart polymers in a variety of applications, including medicine delivery, food and drug packaging, tissue engineering, and robotics, are significant drivers of market expansion for smart polymers in the United States over the projection period. Moreover, the implementation and commercialization of smart polymers is an emerging study field in Canada. Hence, it is anticipated that increased research activity will lead to the development of new applications for smart polymers, which would in turn present growth opportunities for local industrial participants.
Key Market Segments: Smart Polymers Market
Smart Polymers Market By Type, 2020-2029, (USD Billion), (Kilotons)
- Shape Memory Polymers
- Electroactive Polymers
- Self-Healing Polymers
Smart Polymers Market By Stimulus 2020-2029, (USD Billion), (Kilotons)
- Physical Stimuli Responsive
- Chemical Stimuli Responsive
- Biological Stimuli Responsive
Smart Polymers Market By Application, 2020-2029, (USD Billion), (Kilotons)
- Biomedical & Biotechnology
- Textile
- Electrical & Electronics
- Automotive
- Nuclear Energy
Smart Polymers Market By Region, 2020-2029, (USD Billion), (Kilotons)
- North America
- Asia Pacific
- Europe
- South America
- Middle East and Africa
Important Countries In All Regions Are Covered.
Exactitude Consultancy Services Key Objectives:
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the smart polymers market over the next 7 years?
- Who are the major players in the smart polymers market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as Asia-Pacific, Middle East, and Africa?
- How is the economic environment affecting the smart polymers market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the smart polymers market?
- What is the current and forecasted size and growth rate of the global smart polymers market?
- What are the key drivers of growth in the smart polymers market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the smart polymers market?
- What are the technological advancements and innovations in the smart polymers market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the smart polymers market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the smart polymers market?
- What are the product applications and specifications of leading players in the market?
Table of Content
- Introduction
- Market Definition
- Market Segmentation
- Research Timelines
- Assumptions and Limitations
- Research Methodology
- Data Mining
- Secondary Research
- Primary Research
- Subject-Matter Experts’ Advice
- Quality Checks
- Final Review
- Data Triangulation
- Bottom-Up Approach
- Top-Down Approach
- Research Flow
- Data Sources
- Data Mining
- Executive Summary
- Market Overview
- Global Smart Polymers Market outlook
- Market Drivers
- Market Restraints
- Market Opportunities
- Impact of Covid-19 on Smart Polymers Market
- Porter’s five forces model
- Threat from new entrants
- Threat from substitutes
- Bargaining power of suppliers
- Bargaining power of customers
- Degree of competition
- Industry value chain Analysis
- Global Smart Polymers Market outlook
- GLOBAL SMART POLYMERS MARKET BY TYPE, (USD BILLION), KILOTONS, 2020-2029
- Shape Memory Polymers
- Electroactive Polymers
- Self-Healing Polymers
- GLOBAL SMART POLYMERS MARKET BY STIMULUS (USD BILLION), KILOTONS, 2020-2029
- Physical Stimuli Responsive
- Chemical Stimuli Responsive
- Biological Stimuli Responsive
- GLOBAL SMART POLYMERS MARKET BY APPLICATION (USD BILLION), KILOTONS, 2020-2029
- Biomedical & Biotechnology
- Textile
- Electrical & Electronics
- Automotive
- Nuclear Energy
- GLOBAL SMART POLYMERS MARKET BY REGION (USD BILLION), KILOTONS, 2020-2029
- North America
- US
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Colombia
- Rest Of South America
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest Of Europe
- Asia Pacific
- India
- China
- Japan
- South Korea
- Australia
- South-East Asia
- Rest Of Asia Pacific
- Middle East and Africa
- UAE
- Saudi Arabia
- South Africa
- Rest Of Middle East and Africa
- North America
- Company Profiles*
(Business Overview, Company Snapshot, Products Offered, Recent Developments)
- BASF SE
- Covestro AG
- SABIC
- Autonomic Materials, Inc.
- Nouryon
- Evonik Industries AG
- Berkshire Hathaway, Inc.
- Merck KGaA, Solvay SA
- Medshape, Inc.
*The Company List Is Indicative
LIST OF TABLES
TABLE 1 GLOBAL SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 2 GLOBAL SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 3 GLOBAL SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 4 GLOBAL SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 5 GLOBAL SMART POLYMERS MARKET BY APPLICATION (USD BILLION),   2020-2029
TABLE 6 GLOBAL SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 7 GLOBAL SMART POLYMERS MARKET BY REGION (KILOTONS), 2020-2029
TABLE 8 GLOBAL SMART POLYMERS MARKET BY REGION (KILOTONS), 2020-2029
TABLE 9 NORTH AMERICA SMART POLYMERS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 10 NORTH AMERICA SMART POLYMERS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 11 NORTH AMERICA SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 12 NORTH AMERICA SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 13 NORTH AMERICA SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 14 NORTH AMERICA SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 15 NORTH AMERICA SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 16 NORTH AMERICA SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 17 US SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 18 US SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 19 US SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 20 US SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 21 US SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 22 US SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 23 CANADA SMART POLYMERS MARKET BY TYPE (BILLION), 2020-2029
TABLE 24 CANADA SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 25 CANADA SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 26 CANADA SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 27 CANADA SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 28 CANADA SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 29 MEXICO SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 30 MEXICO SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 31 MEXICO SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 32 MEXICO SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 33 MEXICO SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 34 MEXICO SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 35 SOUTH AMERICA SMART POLYMERS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 36 SOUTH AMERICA SMART POLYMERS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 37 SOUTH AMERICA SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 38 SOUTH AMERICA SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 39 SOUTH AMERICA SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 40 SOUTH AMERICA SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 41 SOUTH AMERICA SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 42 SOUTH AMERICA SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 43 BRAZIL SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 44 BRAZIL SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 45 BRAZIL SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 46 BRAZIL SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 47 BRAZIL SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 48 BRAZIL SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 49 ARGENTINA SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 50 ARGENTINA SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 51 ARGENTINA SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 52 ARGENTINA SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 53 ARGENTINA SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 54 ARGENTINA SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 55 COLOMBIA SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 56 COLOMBIA SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 57 COLOMBIA SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 58 COLOMBIA SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 59 COLOMBIA SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 60 COLOMBIA SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 61 REST OF SOUTH AMERICA SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 62 REST OF SOUTH AMERICA SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 63 REST OF SOUTH AMERICA SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 64 REST OF SOUTH AMERICA SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 65 REST OF SOUTH AMERICA SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 66 REST OF SOUTH AMERICA SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 67 ASIA-PACIFIC SMART POLYMERS MARKET BY COUNTRYÂ (USD BILLION), 2020-2029
TABLE 68 ASIA-PACIFIC SMART POLYMERS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 69 ASIA-PACIFIC SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 70 ASIA-PACIFIC SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 71 ASIA-PACIFIC SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 72 ASIA-PACIFIC SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 73 ASIA-PACIFIC SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 74 ASIA-PACIFIC SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 75 INDIA SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 76 INDIA SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 77 INDIA SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 78 INDIA SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 79 INDIA SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 80 INDIA SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 81 CHINA SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 82 CHINA SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 83 CHINA SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 84 CHINA SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 85 CHINA SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 86 CHINA SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 87 JAPAN SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 88 JAPAN SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 89 JAPAN SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 90 JAPAN SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 91 JAPAN SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 92 JAPAN SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 93 SOUTH KOREA SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 94 SOUTH KOREA SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 95 SOUTH KOREA SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 96 SOUTH KOREA SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 97 SOUTH KOREA SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 98 SOUTH KOREA SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 99 AUSTRALIA SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 100 AUSTRALIA CONNECTED TRUCKBY TYPE (KILOTONS), 2020-2029
TABLE 101 AUSTRALIA SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 102 AUSTRALIA SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 103 AUSTRALIA SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 104 AUSTRALIA SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 105 SOUTH EAST ASIA SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 106 SOUTH EAST ASIA CONNECTED TRUCKBY TYPE (KILOTONS), 2020-2029
TABLE 107 SOUTH EAST ASIA SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 108 SOUTH EAST ASIA SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 109 SOUTH EAST ASIA SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 110 SOUTH EAST ASIA SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 111 REST OF ASIA PACIFIC SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 112 REST OF ASIA PACIFIC CONNECTED TRUCKBY TYPE (KILOTONS), 2020-2029
TABLE 113 REST OF ASIA PACIFIC SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 114 REST OF ASIA PACIFIC SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 115 REST OF ASIA PACIFIC SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 116 REST OF ASIA PACIFIC SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 117 EUROPE SMART POLYMERS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 118 EUROPE SMART POLYMERS MARKET BY COUNTRY TYPE (KILOTONS), 2020-2029
TABLE 119 EUROPE SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 120 EUROPE SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 121 EUROPE SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 122 EUROPE SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 123 EUROPE SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 124 EUROPE SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 125 GERMANY SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 126 GERMANY SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 127 GERMANY SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 128 GERMANY SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 129 GERMANY SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 130 GERMANY SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 131 UK SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 132 UK SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 133 UK SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 134 UK SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 135 UK SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 136 UK SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 137 FRANCE SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 138 FRANCE SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 139 FRANCE SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 140 FRANCE SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 141 FRANCE SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 142 FRANCE SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 143 ITALY SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 144 ITALY SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 145 ITALY SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 146 ITALY SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 147 ITALY SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-Â 2029
TABLE 148 ITALY SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 149 SPAIN SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 150 SPAIN SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 151 SPAIN SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 152 SPAIN SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 153 SPAIN SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 154 SPAIN SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 155 RUSSIA SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 156 RUSSIA SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 157 RUSSIA SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 158 RUSSIA SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 159 RUSSIA SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 160 RUSSIA SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 161 REST OF EUROPE SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 162 REST OF EUROPE SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 163 REST OF EUROPE SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 164 REST OF EUROPE SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 165 REST OF EUROPE SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 166 REST OF EUROPE SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 167 MIDDLE EAST AND AFRICA SMART POLYMERS MARKET BY COUNTRY (USD BILLION), 2020-2029
TABLE 168 MIDDLE EAST AND AFRICA SMART POLYMERS MARKET BY COUNTRY (KILOTONS), 2020-2029
TABLE 169 MIDDLE EAST AND AFRICA SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 170 MIDDLE EAST AND AFRICA SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 171 MIDDLE EAST AND AFRICA SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 172 MIDDLE EAST AND AFRICA SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 173 MIDDLE EAST AND AFRICA SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 174 MIDDLE EAST AND AFRICA SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 175 UAE SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 176 UAE SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 177 UAE SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 178 UAE SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 179 UAE SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 180 UAE SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 181 SAUDI ARABIA SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 182 SAUDI ARABIA SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 183 SAUDI ARABIA SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 184 SAUDI ARABIA SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 185 SAUDI ARABIA SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 186 SAUDI ARABIA SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 187 SOUTH AFRICA SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 188 SOUTH AFRICA SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 189 SOUTH AFRICA SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 190 SOUTH AFRICA SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 191 SOUTH AFRICA SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 192 SOUTH AFRICA SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
TABLE 193 REST OF MIDDLE EAST AND AFRICA SMART POLYMERS MARKET BY TYPE (USD BILLION), 2020-2029
TABLE 194 REST OF MIDDLE EAST AND AFRICA SMART POLYMERS MARKET BY TYPE (KILOTONS), 2020-2029
TABLE 195 REST OF MIDDLE EAST AND AFRICA SMART POLYMERS MARKET BY STIMULUS (USD BILLION), 2020-2029
TABLE 196 REST OF MIDDLE EAST AND AFRICA SMART POLYMERS MARKET BY STIMULUS (KILOTONS), 2020-2029
TABLE 197 REST OF MIDDLE EAST AND AFRICA SMART POLYMERS MARKET BY APPLICATION (USD BILLION), 2020-2029
TABLE 198 REST OF MIDDLE EAST AND AFRICA SMART POLYMERS MARKET BY APPLICATION (KILOTONS), 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL SMART POLYMERS MARKET Â BY TYPE, USD BILLION, 2020-2029
FIGURE 9 GLOBAL SMART POLYMERS MARKET Â BY STIMULUS, USD BILLION, 2020-2029
FIGURE 10 GLOBAL SMART POLYMERS MARKETÂ BY APPLICATION, USD BILLION, 2020-2029
FIGURE 11 GLOBAL SMART POLYMERS MARKET Â REGION, USD BILLION, 2020-2029
FIGURE 12 PORTER’S FIVE FORCES MODEL
FIGURE 13 GLOBAL SMART POLYMERS MARKET Â BY TYPE, USD BILLION, 2021
FIGURE 14 GLOBAL SMART POLYMERS MARKET Â BY STIMULUS, USD BILLION, 2021
FIGURE 15 GLOBAL SMART POLYMERS MARKET Â BY APPLICATION, USD BILLION, 2020-2029
FIGURE 16 GLOBAL SMART POLYMERS MARKET Â BY REGION, USD BILLION, 2021
FIGURE 17 MARKET SHARE ANALYSIS
FIGURE 18 BASF SE: COMPANY SNAPSHOT
FIGURE 19 COVESTRO AG: COMPANY SNAPSHOT
FIGURE 20 SABIC: COMPANY SNAPSHOT
FIGURE 21 AUTONOMIC MATERIALS, INC.: COMPANY SNAPSHOT
FIGURE 22 NOURYON: COMPANY SNAPSHOT
FIGURE 23 EVONIK INDUSTRIES AG: COMPANY SNAPSHOT
FIGURE 24 BERKSHIRE HATHAWAY, INC.: COMPANY SNAPSHOT
FIGURE 25 MERCK KGAA: COMPANY SNAPSHOT
FIGURE 26 SOLVAY SA: COMPANY SNAPSHOT
FAQ
The Smart Polymers Market is worth USD 2.03 billion and is forecasted to reach above USD 4.99 billion by 2029.
North America Test handler market was sized 0.7 billion in 2022 and is expected to grow at a rapid rate during the forecast period.
The market for smart polymers is anticipated to expand as the design and synthesis of effective drug delivery systems become increasingly important in the healthcare industry. Additionally, because smart polymers are biocompatible, they are employed in the production of biomedical equipment including pacemakers, hip and knee replacements, dental implants, and artificial teeth and bones to extend the lifespan of these medical devices. Over the anticipated period, these elements are anticipated to fuel the market for smart polymers.
Smart polymers are utilized in the creation of hydrogels, biodegradable packaging, artificial muscles and, to a large extent, biomedical engineering as sensors and actuators. The medicinal & biotechnology, automotive, and textile industries all use smart polymers. The need for smart polymers is increasing because of the automobile industry’s need for low-cost, high-performance, smart material-based sensors and actuators. Smart polymers are also frequently employed in drug delivery systems because they preserve drug level stability within the therapeutic window, enable medication level monitoring, and improve patient compliance.
North America accounted held the largest market share for the Smart Polymers Market in 2021, around 39% of the total market share. The market for Smart Polymers Market in North America is anticipated to grow at a rapid rate from 2022 to 2029.
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