Smart Polymers Market - Growth, Trends, and Forecast (2020 - 2025)

The market 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 & Africa)

Market Snapshot

Study Period:

2016-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

16 %

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Market Overview

The smart polymers market is expected to register a CAGR of around 16%, during the forecast period. The major factors driving the growth of the market studied are the increasing application of shape memory polymer 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 thermo-responsive polymers segment dominated the market. It is likely to grow during the forecast period, owing to its increasing demand as a smart biomaterial.
  • 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.

Scope of the Report

The scope of the smart polymers market report includes:

Type
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
Textile
Automotive
Other End-User Industry
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Biomedical and Healthcare Segment to Dominate the Market Demand

  • 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. The research developed describing the use of poly-ethylenimine (PEI) and poly L-lysine (PLL) for this purpose. Medicine: Biomolecules that can be polymer conjugated include proteins and oligopeptides, sugars, polysaccharides, single and double-stranded oligonucleotides, DNA plasmids, simple lipids, phospholipids, and synthetic drug molecule. These polymer-biomolecule complexes are referred to as affinity smart biomaterials or intelligent bio conjugates. Also, such polymer has been used in developing smart surfaces and smart hydrogels that can respond to external stimuli. 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 a recent analysis from the United States Federal Government Actuaries, expenditure on health care reached USD 3.65 trillion in the year 2018. This is considered as by far the highest spending in the world, according to the Organization for Economic Co-operation and Development.
  • 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 2018 to 2027.
  • Such factors are expected to drive the biomedical and healthcare industry, in turn rising the consumption of smart polymers in its applications.

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North American Region to Dominate the Market

  • 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.
  • The country is highly advanced in the field of drug delivery, as well as the development of advanced medical technologies, which creates a huge demand for smart polymers in the country.
  • 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.
  • Besides, the demand for smart polymers in Canada and Mexico is expected to be driven by the strong demand from the various industries in the country. 

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Competitive Landscape

The smart polymers market is highly fragmented in nature, where numerous players hold an insignificant share of the market demand, to individually affect the market dynamics. Some of the major players in the market include AkzoNobel NV, Lubrizol, Spintech, Autonomic Materials, BASF SE, Advanced Polymer Materials, and Huntsman International LLC, among others.

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    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

    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 Consumers

      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

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Physical Stimuli-responsive

        1. 5.1.1.1 Thermo-responsive Polymers

        2. 5.1.1.2 Photo-responsive Polymers

        3. 5.1.1.3 Shape Memory Polymers

        4. 5.1.1.4 Electroactive and Magnetically-Responsive Polymers

      2. 5.1.2 Chemical Stimuli-responsive

        1. 5.1.2.1 pH-responsive Polymers

      3. 5.1.3 Biological Stimuli-responsive

        1. 5.1.3.1 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 Industry

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

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

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Autonomic Materials

      2. 6.4.2 Unigestion

      3. 6.4.3 Akzo Nobel NV

      4. 6.4.4 BASF SE

      5. 6.4.5 Covestro AG

      6. 6.4.6 DuPont

      7. 6.4.7 Evonik Industries AG

      8. 6.4.8 High Impact Technology

      9. 6.4.9 Huntsman International LLC

      10. 6.4.10 Merck KGaA

      11. 6.4.11 The Lubrizol Corporation

      12. 6.4.12 Natureworks LLC

      13. 6.4.13 Nissan Chemical Industries Ltd

      14. 6.4.14 SABIC

      15. 6.4.15 SMP Technologies Inc.

      16. 6.4.16 Spintech LLC

      17. 6.4.17 TNO

  7. *List Not Exhaustive
  8. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    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

    3. 7.3 Use of Self-healing Polymers for Soft Robots

** Subject to Availability

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