Smart Polymers Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Smart Polymers 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 and Africa). The report offers market size and forecasts for Smart Polymers in revenue (USD Million) for all the above segments.

Market Snapshot

Smart Polymers Market - Market Summary
Study Period:

2016 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

>15 %

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Market Overview

The smart polymers market is expected to register a CAGR of more than 15%, during the forecast period (2021-2026).

The outbreak of coronavirus disease (COVID-19), has afected the market in recent times. The pandemic has negatively affected the economic growth in various countries and affected various industries. This pandemic is expected to lead to decreased investment and/or is expected to postpone the ongoing projects in various industries, including the automotive, textile and electronics among other industries. Electronics industry has been immensely affected as well, due to delays from suppliers for electronic components which are not able to cope up the increasing demand. Furthermore, there have been disruptions to supply chains, which are causing shipment delays for electronics manufacturers, which further is affecting the market studied.

  • Over the medium term, the major factor driving the Smart Polymers market include 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

Smart polymers are adaptive and responsive to signals such as temperature, ionic strength, and many other applied fields. Smart polymers, also known as stimuli-responsive polymers or intelligent materials, can be used in both highly engineered and commonplace products. 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 revenue (USD million).

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 Industries
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 and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

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. 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 the journal Health Affairs, the average annual growth rate of the healthcare industry is estimated to reach around 5.4% in the United States from the year 2019 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

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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.
  • 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.
  • According to a recent analysis from the United States Federal Government Actuaries, expenditure on health care reached USD 4.01 trillion in the year 2020. This is considered as by far the highest spending in the world, according to the Organization for Economic Co-operation and Development.
  • 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.
  • 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

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Competitive Landscape

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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 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 Unfavourable Conditions Arising due to the Impact of COVID-19

      2. 4.2.2 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 (Market Size in Volume)

    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 Industries

    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 and Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    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
  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

**Subject to Availability

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Frequently Asked Questions

The Smart Polymers Market market is studied from 2016 - 2026.

The Smart Polymers Market is growing at a CAGR of >15% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

  • Autonomic Materials
  • Nouryon
  • Covestro AG
  • Merck KGaA
  • Evonik Industries AG

Are the major companies operating in Smart Polymers Market.

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