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Smart Polymers Market Forecast Analysis Till 2023 | Global Competitors Profile And Market Share Across World | BASF SE, Merck Group, Spintech LLC, Akina, Inc., SMP Technologies Inc., NEI Corporation, Evonik Industries AG
Smart Polymers Market
In February, 2017 – A variety of stimuli-responsive polymers have been developed by researchers and used as actuators and/or artificial muscles, with the movement being driven by an external stimulus, such as electrical potential. Researchers highlighted actuators constructed from liquid-crystal elastomers, dielectric elastomers, ionic polymers, and conducting polymers. Researchers also discussed recent examples of a variety of actuators generated from these materials and their utility. The mechanism of actuation is detailed for most examples in order to stimulate possible future research, and lead to new applications and advanced applications.
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Market Overview:
Smart polymers are those able to modify their physical and chemical properties in response to the variation of environmental factors. Smart polymer systems can be designed to respond to a wide range of parameters, such as changes in pH, ionic strength, temperature, magnetic and electric field. These smart polymers can behave in several ways by altering solubility, shape, color, light transmitting abilities, wettability, conductivity, and surface characteristics. The extend of response of such polymers can be controlled by the intensity of the applied stimuli.
Now a days, the demand for smart polymers is increasing in biotechnology and medicine, electrical & electronics and automotive. Smart polymers have also been useful as drug delivery systems and in the biotechnological field for enzyme immobilization. Despite, coating medical devices with smart polymers may significantly widen their range of applications. Devices able to attract certain cells of the body or devices that should perform as membranes or artificial muscles take advantage of these smart materials. A surface grafted with smart polymers has been highlighted for its interfacial and wetting applications. For example, a smart surface with switchable wettability could be potentially used in tissue engineering and antimicrobial coatings. In addition to this, a smart polymer material responsive to light or temperature could also be effectively used as a sensor which may drive the global smart polymer market. Presently, smart polymers have been mainly emphasized for their potential applications in nanotechnology, nanoscience, and nanomedicine.
Global Key Players:
Some of the prominent players operating in the Global Smart Polymers Market are; BASF SE (Germany), The Lubrizol Corporation (U.S.), Spintech LLC (U.S.), Akina, Inc. (U.S.), SMP Technologies Inc. (Japan), Evonik Industries AG (Germany), Reactive Surfaces Ltd (U.S.), Merck Group (Germany), NEI Corporation (U.S.)
Regional Analysis:
The Global Smart Polymers Market is segmented into five crucial regions of the world namely; Asia Pacific, North America, Europe, Latin America and the Middle East & Africa.
Among these, North America region accounted largest market share in the global smart polymer market and expected to dominate during the forecast period due to advancement in drug delivery, nanotechnology, nanoscience, and nanomedicine and penetration of end user industry in the region. The unique properties of smart polymer to respond to a wide range of parameters, such as changes in pH, ionic strength, temperature, magnetic and electric field which makes it ideal in biotechnology and medicine, electrical & electronics that drive smart polymer market in North America region. North America market is mainly occupied by the U. S. being largest consumer and manufacturer and exporter of smart polymer. Europe is the second largest market for smart polymer followed by North America.
Competitive Landscape:
The MRFR studies the key developments adopted by the companies between 2011 and 2016. Players in this market adopted various strategies to expand their footprint and augment their market share. The key strategies followed by most companies in the global smart polymer market were agreements and collaborations, mergers and acquisitions, joint ventures and expansion. Due to high demand of smart polymer in North America region, the manufacturers in North America region are using acquisition strategy of local producers in the other regions to increase their global market share.
List Of Figures:
FIGURE 1. Global Smart Polymers Market Segmentation
FIGURE 2. Forecast Methodology
FIGURE 3. Five Forces Analysis Of Global Smart Polymers Market
FIGURE 4. Value Chain Of Global Smart Polymers Market
FIGURE 5. Share Of Global Smart Polymers Market In 2017, By Country (In %)
FIGURE 6. Global Smart Polymers Market, 2017-2023,
FIGURE 7. Sub Segments Of Type
FIGURE 8. Global Smart Polymers Market Size By Type, 2017
FIGURE 9. Share Of Global Smart Polymers Market By Type, 2017 To 2023
FIGURE 10. Global Smart Polymers Market Size By Application, 2017
FIGURE 11. Share Of Global Smart Polymers Market By Application, 2017 To 2023
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About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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