Industry Insights
The global smart polymers market size was USD 2.79 billion in 2015 and is likely to witness a double digit growth over the forecast period. The industry is expected to fore see robust growth over the next eight years on account of significantly increasing demand for environment adaptable materials in major applications including biomedical & biotechnology, textile, automotive, electrical & electronics, and nuclear energy.
Smart polymers are also known as intelligent materials or stimuli-responsive products. These products are characterized by unique performance aspects such as good responsiveness to macro as well as micro level changes in the surroundings. Not only do these intelligent materials respond to various stimuli such as temperature, pH, and light, but they are also resilient which gives them the ability to return to their initial physical or chemical state.
Germany smart polymers market, by stimuli type, 2014 - 2025, (USD Million)
Biocompatibility, stability, and flexibility are some of the other attributes exhibited by stimuli-sensitive materials. Owing to the outstanding performance aspects of this product, its application scope is likely to expand over the years ahead, covering other industrial sectors such as oil recovery, mining, pharmaceutical, and printing.
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www.grandviewresearch.com/industry-analysis/smart-polymers-marketStimulus Type InsightsSmart materials are categorized on the basis of their response to various external stimuli. These materials respond to a wide range of stimuli such as temperature, pH, infrared and UV radiations, ultrasound, biological enzymes, electric potential, and magnetic field. Physical, chemical and biological stimuli-responsive polymers are the major segments of these intelligent materials.
www.grandviewresearch.com/industry-analysis/smart-polymers-marketStimulus Type InsightsSmart materials are categorized on the basis of their response to various external stimuli. These materials respond to a wide range of stimuli such as temperature, pH, infrared and UV radiations, ultrasound, biological enzymes, electric potential, and magnetic field. Physical, chemical and biological stimuli-responsive polymers are the major segments of these intelligent materials.
Physical stimuli-responsive products constituted the largest share of 47.6% in 2015. These materials are highly sensitive towards surrounding changes in temperature, UV radiations, ultrasound, electric potential, and magnetic field. Demand for this stimulus category is likely to upsurge, due to the requirement of intelligent materials exhibiting low critical solution temperatures, especially in specialized biomedical & biotechnology areas.
Application InsightsTextiles application is one of the primary users of stimuli responsive polymers. This sector accounted for 17.9% of the revenue share in 2015 and is expected to influence the market demand in the near future positively. Physical and chemical stimuli-responsive products are favorably used in textile processing.
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www.grandviewresearch.com/industry-analysis/smart-polymers-marketRegional InsightsNorth America was the dominant region accounting for 41.6% of the total consumption in 2015. This trend is likely to continue over the forecast period on account of significant leverage of key end-application sectors such as biomedical & biotechnology, textile, automotive, and electrical industries.
Application InsightsTextiles application is one of the primary users of stimuli responsive polymers. This sector accounted for 17.9% of the revenue share in 2015 and is expected to influence the market demand in the near future positively. Physical and chemical stimuli-responsive products are favorably used in textile processing.
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www.grandviewresearch.com/industry-analysis/smart-polymers-marketRegional InsightsNorth America was the dominant region accounting for 41.6% of the total consumption in 2015. This trend is likely to continue over the forecast period on account of significant leverage of key end-application sectors such as biomedical & biotechnology, textile, automotive, and electrical industries.
Rising healthcare activities coupled with substantial requirements from the military sector for processing of light sensitive and camouflage fabrics are some of the key growth supporters of stimuli-responsive materials in North America. A similar scenario will be reflected in Europe especially in Germany, France, and other countries in Western Europe.
Report Scope
Attribute
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Details
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Base year for estimation
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2015
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Actual estimates/Historic data
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2014 - 2015
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Forecast period
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2016 - 2025
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Market representation
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Volume in Tons, Revenue in USD Million & CAGR from 2016 to 2025
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Regional scope
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North America, Europe, Asia Pacific, Rest of the World (RoW)
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Country scope
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U.S., UK, Germany, France, Japan, China, India
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Report coverage
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Volume & revenue forecast, company ranking, competitive landscape, growth factors and trends
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15% free customization scope(equivalent to 5 analyst working days)
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If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization
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