Smart Polymers Market - Growth, Trends, and Forecast (2019 - 2024)

The Market is Segmented by Type (Physical Stimuli-responsive, Chemical Stimuli-responsive, Biological Stimuli-responsive, Self-healing Polymers, and Other Types), Application (Bio-separation, Biocatalyst, Drug Delivery, Tissue Engineering, Medical Devices, Packaging, Textile, Optical Data Storage, Automotive, and Other Applications), and Geography.

Market Snapshot

Smart Polymers Market - Market Summary
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

The smart polymers market is expected to register a CAGR of around 16%, during the forecast period of 2019-2024. The major factors driving the growth of the market studied are the increasing application of shape memory polymer in the automotive and textile industry, increasing need for efficient drug delivery system, and the development of smart biopolymers. On the flipside, 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 in 2018. 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 the healthcare, textile, automotive, robotics, 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
Application
Bio-separation
Biocatalyst
Drug Delivery
Tissue Engineering
Medical Devices
Packaging
Textile
Optical Data Storage
Automotive
Other Applications
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

Automotive Segment to Dominate the Market Demand

  • In the automotive industry, smart polymers find a wide range of applications, ranging from reconfigurable storage bins, seat assemblies, energy absorbing assemblies, hood assemblies, vehicles structures, to airflow control systems, releasable fastener systems, and adaptive lens assemblies.
  • Moreover, they are used in vehicle airflow control systems that consist of an activation device made up of shape memory polymer materials. They control the airflow based on environmental changes, and help in the better performance of vehicle drag and cooling or heating exchange.
  • Though the automotive production witnessed a decline in 2018, by 1.1%, factors, such as increasing investments into the sector to increase production, continuous efforts of the automakers to develop and launch new cars, and efforts toward development and promotion of electric vehicles of the industry, are likely to drive the growth of the automotive industry.
  • Asia-Pacific is already witnessing numerous investments by the global automakers, like BMW, Hyundai Motors, and Honda, into the automotive industry to increase production, and cater to the increasing automotive demand of the masses in the region.
  • Therefore, owing to such investment trends and anticipated increase in the output of the automotive industry, the demand for smart polymers is also expected to increase during the forecast period.
Smart Polymers Market - Segmentation

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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, 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 huge demand for smart polymers in the country.
  • Furthermore, 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 automotive, robotics, packaging, and healthcare industry in the country.
Smart Polymers Market - Regional Trends

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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.

Major Players

  1. Lubrizol
  2. Spintech
  3. Autonomic Materials
  4. BASF SE
  5. Huntsman International LLC

* Complete list of players covered available in the table of contents below

Smart Polymers Market - Market Concentration

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 Automotive and 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 Porters 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 Application

      1. 5.2.1 Bio-separation

      2. 5.2.2 Biocatalyst

      3. 5.2.3 Drug Delivery

      4. 5.2.4 Tissue Engineering

      5. 5.2.5 Medical Devices

      6. 5.2.6 Packaging

      7. 5.2.7 Textile

      8. 5.2.8 Optical Data Storage

      9. 5.2.9 Automotive

      10. 5.2.10 Other Applications

    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

    5. *List Not Exhaustive
  7. 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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