Smart Polymers Market growing at a CAGR of 22.29%

Reports And Markets Publish a New Market Research Report On – "Smart Polymers Market - Segmented by Type, Application, and Geography - Trends and Forecasts (2017 - 2022)"

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The global smart polymers market was valued at USD 881.66 million in 2015 and is expected to reach USD 2,948.81 million by 2021, growing at a CAGR of 22.29%, during the forecast period of 2016-2021.

Smart polymers are high-performance polymers that change their properties according to even a slight change in the environment that they are acting in. Such materials can be sensitive to factors such as temperature, humidity, pH, the wavelength or intensity of light or an electrical or magnetic field. They can respond in various ways, like altering color or transparency, becoming conductive or permeable to water or changing shape (shape memory polymers).

Interest in smart polymers is steadily gaining momentum, especially in the fields of controlled and self-regulated drug delivery. Smart polymers are becoming progressively relevant in the field of protein and peptide delivery, as researchers are learning ways to take advantage of their interesting properties and control them. Each type of delivery system has a specific advantage, in particular, to the sustained protein delivery.

Certain important properties that affect the drug release and mechanical strength of the polymeric delivery system include hydrophobic/hydrophilic balance, polymer chain length, molecular weight, polymer structure, and architecture, among others. Biodegradability and biocompatibility are the two most important characteristics of polymers that have to be considered for their in vivo application.

Market Dynamics

The market is driven by factors such as rising application of shape memory polymer in the automotive industry and growing usage of smart polymers as substitutes for traditional polymers in various applications. However, this market faces certain drawbacks, such as premium pricing of the technology that is used to manufacture smart polymers and a dearth of usage in the emerging economies.

The aforementioned factors act as a roadblock to the growth of the market. Furthermore, the consistently increasing applications of smart polymers are expected to offer numerous opportunities to the growth of global smart polymers market.

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Market Segmentation

The global smart polymers market is segmented by type and application. By type, the market is segmented into physical stimuli-responsive (thermo-responsive polymers, photo-responsive polymers, shape memory polymers, and electroactive & magnetically-responsive polymers), chemical stimuli-responsive (pH-responsive polymers), biological stimuli-responsive (enzymes-responsive polymers), self-healing polymers, and others. By application, the smart polymers market is segmented into bio-separation, biocatalyst, drug delivery, tissue engineering, medical devices, packaging, textile, optical data storage, automotive, etc.

Geographically, the global smart polymers market is segmented into North America (the US, Canada, Mexico, and Rest of North America), Europe (France, Germany, Italy, the UK, Russia, the Nordic Countries, The Netherlands, Spain, and Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Australia & New Zealand, ASEAN Countries, and Rest of Asia-Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and the Middle-East & Africa (Saudi Arabia, South Africa, Qatar, UAE, and Rest of the Middle-East & Africa).

Global Smart Polymers Market, By Type, 2015

Opportunities and Market Players

Increasing usage of smart polymers in automotive, healthcare, packaging, radioactive waste, molecular gates & switches, glucose sensing, and other applications are expected to offer numerous opportunities for the growth of global smart polymers market.

Some of the major companies and vendors in the market include:

Akzo Nobel
Covestro AG
The Dow Chemical Company
SABIC
DuPont

Key Deliverables in the Study

Market analysis for the global smart polymers market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of factors instrumental in changing the market scenario and prospective opportunities.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global Smart Polymers market on both global and regional scales.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
Insights on the major countries/regions where this industry is growing and also identify the regions that are still untapped.

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