Market Trends of Shape-memory Polymer Industry
This section covers the major market trends shaping the Shape-Memory Polymer Market according to our research experts:
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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