Smart Polymers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Smart Polymers Market Analysis and it is segmented by Type (Physical Stimuli-responsive, Chemical Stimuli-responsive, Biological Stimuli-responsive, Self-healing Polymers, and Other Types), End-user Industry (Biomedical and Healthcare, Electrical and Electronics, Textile, Automotive, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The market size and forecasts for Smart Polymers are provided in terms of revenue (USD Million) for all the above segments.

Smart Polymers Market Size

Single User License
Team License
Corporate License
Book before:
Smart Polymers Market
share button
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 15.00 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players


*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License


Team License


Corporate License

Book before:

Smart Polymers Market Analysis

The smart polymers market is projected to register a CAGR of over 15% during the forecast period (2022-2027).

The COVID-19 outbreak caused nationwide lockdowns around the world, disruption in manufacturing activities and supply chains, and production halts, all of which had a negative impact on the market in 2020. However, conditions began to improve in 2021-2022, which is expected to boost market growth during the forecast period.

  • Over the short term, the major factor driving the Smart Polymers market include the increasing application of shape memory polymers in the textile industry, increasing the need for efficient drug delivery systems, and the development of smart biopolymers.
  • On the flip side, the high cost of technology and the development of smart polymers are hampering the growth of the market studied.
  • The increasing awareness about smart polymers in Latin America and Middle-East & Africa, incorporation of smart polymers in 3D printing, and use of self-healing polymers for soft robots are likely to provide opportunities for the market studied, during the forecast period.
  • North America dominated the global market, owing to the huge demand for smart polymers for application in healthcare, textile, and other industries.

Smart Polymers Market Trends

This section covers the major market trends shaping the Smart Polymers Market according to our research experts:

Biomedical and Healthcare to Dominate the Market

  • Smart polymers register a wide range of unique applications in the healthcare industry. This includes medical, medical devices, tissue engineering, drug delivery systems, pharmaceuticals, etc.
  • The major applications of smart polymers are:
    • Tissue Engineering: Tissue engineering is about delivering appropriate cells for repair/or development of new tissues by the use of scaffolds. Smart hydrogels constitute promising materials for such scaffolds for two reasons. Firstly, their interior environment is aqueous. Secondly, they can release the cells at the appropriate place in response to a suitable stimulus
    • Gene Therapy: Gene therapy includes curing genetic diseases and viral infections, slowing down tumor growth, and stopping neurodegenerative diseases. 
    • Medicine: Biomolecules that can be polymer conjugated include proteins and oligopeptides, sugars, polysaccharides, single and double-stranded oligonucleotides, DNA plasmids, and synthetic drug molecule. Such polymeric biomaterials have shown a range of different applications in the field of biotechnology and medicine.
    • Smart Drug Delivery Systems: Important thing is that these operate fully automatically, without the need for additional sensors, transducers, switches or pumps. Stimuli occurring externally of internally include temperature, electric current, pH, etc.
  • According to the journal Health Affairs, the average annual growth rate of the healthcare industry is estimated to reach around 5.5% in the United States from the year 2020 to 2028.
  • Such factors are expected to drive the biomedical and healthcare industry, in turn is expected to boost the consumption of smart polymers in coming years.
Smart Polymers Market - Revenue Trends

North American Region to Dominate the Market

  • Northe America region is expected dominate the Smart polymers market globally. In North America, the demand for smart polymers continues to remain high, due to continuously increasing research initiatives for the implementation and commercialization of smart polymers.
  • The United States has the largest share in the global healthcare market. Moreover, the rapid growth of the medical industry in the nation is expected to augment the demand for smart polymers.
  • In the United States, as of July 2021, the United States Food and Drug Administration's FY2022 budget demonstrates the investment of USD 21.6 million for a new Resilient Supply Chain and Shortages Prevention Program (RSCSPP) in CDRH.
  • Moreover, for the 2021-2028 period, the national healthcare spending is projected to grow at an average of more than 5.5% and reach approximately USD 6.192 trillion by 2028. This is further expected to consume smart polymers for various medical applications.
  • United States houses major automakers producing and exporting vehicles to other economies in the Americas, Europe, and the Asia-Pacific. As per the National Automobile Dealers Association (NADA), the total value of the car and automobile manufacturing market in the United States accounted for USD 82.6 billion in 2021. The association predicts that new light-vehicle sales in the United States are expected to increase by 3.4% to 15.4 million units in 2022.
  • Furthermore, the rise in the adoption of smart polymers in diverse applications, such as drug delivery, food and drug packaging, tissue engineering, and robotics, are the major factors that may boost the market growth in the country, during the forecast period.
  • Canada is one of the major automobile producer in the world and holds a prominent share of global automotive vehicle production. Canada produced roughly 1.12 million cars and light trucks in 2021, registering a decline of 19% compared to 2020. Canada produces roughly 2 million cars and light trucks annually, holding a prominent share of global automotive vehicle production. However, less than 0.5% of these vehicles are electric, more than 80% less than the worldwide average of nearly 3%.
  • Therefore, the aforementioned factors are expected to boost the demand for smart polymers in the region during the forecast period.
Smart Polymers Market - Regional Trends

Smart Polymers Industry Overview

The smart polymers market is fragmented in nature. Some of the major players in the market studied include Autonomic Materials, Evonik Industries AG, Nouryon, Covestro AG, and Merck KGaA among others (not in any particular order).

Smart Polymers Market Leaders

  1. Autonomic Materials

  2. Nouryon

  3. Covestro AG

  4. Merck KGaA

  5. Evonik Industries AG

*Disclaimer: Major Players sorted in no particular order

 Autonomic Materials, Covestro AG, DuPont, Evonik Industries AG, Huntsman International LLC, Merck KGaA, Nouryon
bookmark Need More Details on Market Players and Competitors?
Download PDF

Smart Polymers Market News

  • In August 2021, Evonik aquired the German biotech company JeNaCell. The acquisition adds biotechnologically produced cellulose to Evonik's portfolio of biomaterials.
  • In March 2021, Nouryon has developed LumaTreat, a new water management product line with a global patent -pending a smart-tagged polymer line. LumaTreat products consist of fluorescent monomers that bind to a deposit control agent.

Smart Polymers Market Report - Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Increasing Application of Shape Memory Polymer in Textile Industry

      2. 4.1.2 Increasing Need for Efficient Drug Delivery System

      3. 4.1.3 Development of Smart Biopolymers

    2. 4.2 Restraints

      1. 4.2.1 High Cost of Technology and Development of Smart Polymers

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition


    1. 5.1 Type

      1. 5.1.1 Physical Stimuli-responsive

        1. Thermo-responsive Polymers

        2. Photo-responsive Polymers

        3. Shape Memory Polymers

        4. Electroactive and Magnetically-Responsive Polymers

      2. 5.1.2 Chemical Stimuli-responsive

        1. pH-responsive Polymers

      3. 5.1.3 Biological Stimuli-responsive

        1. Enzymes-responsive Polymers

      4. 5.1.4 Self-healing Polymers

      5. 5.1.5 Other Types

    2. 5.2 End-user Industry

      1. 5.2.1 Biomedical and Healthcare

      2. 5.2.2 Electrical and Electronics

      3. 5.2.3 Textile

      4. 5.2.4 Automotive

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. China

        2. India

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Autonomic Materials

      2. 6.4.2 Covestro AG

      3. 6.4.3 DuPont

      4. 6.4.4 Evonik Industries AG

      5. 6.4.5 Huntsman International LLC

      6. 6.4.6 Merck KGaA

      7. 6.4.7 Nouryon

      8. 6.4.8 SMP Technologies Inc.

      9. 6.4.9 Spintech LLC

      10. 6.4.10 The Lubrizol Corporation

      11. 6.4.11 TNO

    5. *List Not Exhaustive

    1. 7.1 Increase in Awareness about Smart Polymers in Latin America and Middle East & Africa

    2. 7.2 Incorporation of Smart Polymers in 3D Printing

**Subject to Availability
bookmark You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Smart Polymers Industry Segmentation

Smart polymers are adaptive and responsive to signals such as temperature, ionic strength, and many other applied fields. They are used in artificial muscle sensors and actuators, hydrogel processing, biodegradable packaging, and biomedical engineering. The market is segmented on the basis of type, end-user industry, and geography. By type, the market is segmented into physical stimuli-responsive, chemical stimuli-responsive, biological stimuli-responsive, self-healing polymers, and other types. By end-user Industry, the market is segmented into biomedical and healthcare, electrical and electronics, textile, automotive, and other end-user industries. The report also covers the market size and forecasts for the smart polymers market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Physical Stimuli-responsive
Thermo-responsive Polymers
Photo-responsive Polymers
Shape Memory Polymers
Electroactive and Magnetically-Responsive Polymers
Chemical Stimuli-responsive
pH-responsive Polymers
Biological Stimuli-responsive
Enzymes-responsive Polymers
Self-healing Polymers
Other Types
End-user Industry
Biomedical and Healthcare
Electrical and Electronics
Other End-user Industries
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
customize-icon Need A Different Region Or Segment?
Customize Now

Smart Polymers Market Research FAQs

The Smart Polymers Market is projected to register a CAGR of greater than 15% during the forecast period (2024-2029)

Autonomic Materials, Nouryon, Covestro AG, Merck KGaA and Evonik Industries AG are the major companies operating in the Smart Polymers Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Smart Polymers Market.

The report covers the Smart Polymers Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Smart Polymers Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Smart Polymer Industry Report

Statistics for the 2024 Smart Polymer market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Smart Polymer analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Smart Polymers Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)