Shape Memory Polymer Market Overview by 2025 | Cornerstone Research, DowDuPont, The Lubrizol Corporation, MedShape, Inc., Asahi Kasei Plastics North America, Inc., SMP Automotive Global
According to a new research report by Global Market Insights, Inc.Shape Memory Polymers Market size will likely surpass USD 1.4 billion by 2025.
Request sample copy of this report @
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Cornerstone Research
3. The Lubrizol Corporation
4. MedShape, Inc.
5. Asahi Kasei Plastics North America, Inc.
6. SMP Automotive Global
8. Shape Memory Medical Inc.
A key growth driving factor for the shape memory polymers market will be the increasing product demand in automotive and aerospace industry. Actuators and sensors made from SMPs are used in automobiles to replace hydraulic systems or small electric motors. Actuators made from shape memory polymers help in improving vehicle performance, fuel economy and reduce component size. Ongoing research related to SMP usage in manufacturing vehicle seats will also boost product demand in the automotive sector in upcoming years.
In aerospace sector, shape memory polymer are utilized for the application of optical reflectors, antennas, trusses, morphing skins, booms, hinges, etc. SMPs are majorly used in the deployable structures and components in aerospace sector. Major manufacturers are investing into research and development activities to expand the application area of the shape memory polymers in the aerospace and space exploration industry. Increasing product usage in the textile, construction and cosmetic industries will also augment the overall shape memory polymers market share till 2025.
Epoxy based SMP materials are likely to gain by more than 20% CAGR in the forecast timeframe owing to their rising usage as engineering materials. The material has excellent processability and thermomechanical property. Epoxy based shape memory polymers exhibit excellent response to stimuli, high fixation & recovery ratios, and a rapid and tunable recovery process. Their market will be propelled by rising usage of the material in deployable structures for aerospace industry and actuators in the automotive sector.
Browse Complete Summary of this report @
Research and development application segment of shape memory polymers market will exceed USD 500 million by 2025 due to increasing investments by market participants in SMP research. However, the segment’s growth rate will be comparatively lower as commercialization of SMP products that are still in the research phase will increase by the end of the forecast timeframe. Commercial segment is likely to grow with a high growth rate in the forecast timeframe due to increasing number of shape memory polymer products entering the market in upcoming years.
Aerospace industry use shape memory polymer in deployable structures & components due to its high deformability, stability and light weight. Increasing growth in the aerospace industry in developed countries such as the U.S. is likely to drive the SMP market demand in the upcoming years. Rising space exploration activities will also augment product usage in manufacturing different spaceship components and parts.
Europe will be a key region in the shape memory polymers market in the upcoming years. This is due to rising investment in research and development in the aerospace industry. The region spends around 10% of its total aerospace turnover in R&D activities. Some of the major initiatives supported by European commission for developing aerospace industry includes The Strategic Research and Innovation Agenda (SRIA), Horizon 2020, SESAR Joint Undertaking, Clean Sky, etc. are likely to drive the research and development activities in aerospace sector in the upcoming years and in turn propel product demand.
Make an inquiry for purchasing this report @
Some participants of shape memory polymers market share include Asahi Kasei Corporation, Nanoshel, Composite Technology Development, MedShape, DowDuPont, Cornerstone Research Group, Shape Memory Medical, Lubrizol, Changchun Foliaplast Bio-Tech, SMP Technologies, EndoShape, Guangzhou Manborui Materials Technology Company, etc.
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1 888-689-0688
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Shape Memory Polymer Market Overview by 2025 | Cornerstone Research, DowDuPont, The Lubrizol Corporation, MedShape, Inc., Asahi Kasei Plastics North America, Inc., SMP Automotive Global here
News-ID: 1775860 • Views: 218
More Releases from Global Market Insights
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers. Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies. Meanwhile, yet other company, Boston Metal has declared having raised over USD 20
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses. Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet