Market Snapshot
| Study Period: | 2016 - 2026 |
| Base Year: | 2020 |
| Fastest Growing Market: | Asia Pacific |
| Largest Market: | North America |
| CAGR: | >10 % |
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Market Overview
The global shape-memory polymer (SMP) market is expected to grow with a CAGR greater than 10% during the forecast period. One of the major factors driving the market is the increasing applications of shape-memory polymers in the Healthcare Industry. However, relatively low stiffness values are hindering the growth of the market studied.
- Growing demand from the construction industry in Asia-Pacific is another major driver for the market studied
- Asia-Pacific is expected to witness the highest growth rate during the forecast period.
- Among the stimulus type-based segments, temperature-induced SMP is expected to dominate over the others during the forecast period.
Scope of the report
The Shape-memory polymer market report includes:
| Stimulus Type | |
| Temperature-induced | |
| Light-induced | |
| Electricity-induced | |
| Other Stimulus Types |
| End-user Industry | |
| Aerospace | |
| Automotive | |
| Construction | |
| Healthcare | |
| Other End-user Industries |
| Geography | ||||||||
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Key Market Trends
Temperature-induced Segment to Dominate the Market
- Among the stimulus type-based segments, temperature-induced SMP is expected to witness major growth in demand in the coming years.
- There are numerous opportunities in the textile industry, which can drive the demand for temperature-induced smart polymers market.
- Textiles integrated with these SMPs can help in achieving different 3D forms in garments.
- Window curtains or films with temperature-induced SMPs can also act under the influence of heat, which changes the microstructure and macrostructure properties of smart clothing.
- Hence, owing to the above-mentioned reasons, temperature-induced SMPs are likely to account for the major market share during the forecast period.
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Asia-pacific to Witness the Highest Growth Rate
- Asia-Pacific to expected to witness major growth in the demand for Shape-memory Polymer (SMP) owing to the increasing demand from countries like China and Japan.
- The growing construction industry in countries like India and China is a major driver for the increasing demand for SMP in the region.
- Additionally, there has been significant growth in the demand for SMP in the southeast Asian countries for usage in end-user industries like construction, automotive, healthcare, etc..
- Hence, owing to the above-mentioned reasons, Asia-Pacific is likely to witness the highest growth during the forecast period.
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Competitive Landscape
The global shape-memory polymer market is moderately consolidated as the majority of the market share is divided among few players. Some of the key players in the market include BASF SE, COVESTRO AG, Evonik Industries AG, SMP Technologies Inc., and Spintech Holdings Inc., among others.
Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Drivers
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4.1.1 Increasing Applications in Healthcare
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4.1.2 Growing Demand from the Construction Industry in Asia-Pacific
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4.1.3 Others
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4.2 Restraints
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4.2.1 Relatively Low Stiffness Values
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4.2.2 Impact of COVID-19 Pandemic
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4.3 Industry Value-chain Analysis
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4.4 Porter's Five Forces Analysis
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4.4.1 Bargaining Power of Suppliers
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4.4.2 Bargaining Power of Consumers
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4.4.3 Threat of New Entrants
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4.4.4 Threat of Substitute Products and Services
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4.4.5 Degree of Competition
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5. MARKET SEGMENTATION
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5.1 Stimulus Type
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5.1.1 Temperature-induced
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5.1.2 Light-induced
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5.1.3 Electricity-induced
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5.1.4 Other Stimulus Types
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5.2 End-user Industry
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5.2.1 Aerospace
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5.2.2 Automotive
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5.2.3 Construction
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5.2.4 Healthcare
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5.2.5 Other End-user Industries
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5.3 Geography
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5.3.1 Asia-Pacific
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5.3.1.1 China
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5.3.1.2 India
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5.3.1.3 Japan
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5.3.1.4 South Korea
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5.3.1.5 ASEAN Countries
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5.3.1.6 Rest of Asia-Pacific
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5.3.2 North America
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5.3.2.1 United States
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5.3.2.2 Canada
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5.3.2.3 Mexico
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5.3.3 Europe
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5.3.3.1 Germany
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5.3.3.2 United Kingdom
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5.3.3.3 Italy
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5.3.3.4 France
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5.3.3.5 Rest of Europe
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5.3.4 South America
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5.3.4.1 Brazil
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5.3.4.2 Argentina
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5.3.4.3 Rest of South America
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5.3.5 Middle-East and Africa
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5.3.5.1 Saudi Arabia
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5.3.5.2 South Africa
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5.3.5.3 Rest of Middle-East and Africa
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6. COMPETITIVE LANDSCAPE
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6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
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6.2 Market Share/Ranking Analysis**
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6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
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6.4.1 BASF SE
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6.4.2 Covestro AG
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6.4.3 Evonik Industries AG
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6.4.4 SMP Technologies Inc.
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6.4.5 Spintech Holdings Inc.
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6.4.6 EndoShape, Inc.
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6.4.7 MedShape, Inc.
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*List Not Exhaustive -
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Shape-memory Polymer Market market is studied from 2016 - 2026.
What is the growth rate of Shape-memory Polymer Market?
The Shape-memory Polymer Market is growing at a CAGR of >10% over the next 5 years.
Which region has highest growth rate in Shape-memory Polymer Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Shape-memory Polymer Market?
North America holds highest share in 2020.
Who are the key players in Shape-memory Polymer Market?
BASF SE, Covestro AG, Evonik Industries AG, SMP Technologies Inc., Spintech Holdings Inc. are the major companies operating in Shape-memory Polymer Market.
