Smart Polymers Market Trends

  • Report ID: 6247
  • Published Date: Nov 15, 2024
  • Report Format: PDF, PPT

Smart Polymers Market Trends

Growth Drivers

  • Rising demand for physical stimuli-responsive polymer – The largest portion of the overall market is occupied by physical stimuli-responsive polymer. These materials exhibit high sensitivity to environmental factors like ultrasound variations, changes in electric potential, temperature fluctuations, UV radiation, and magnetic field alterations. The increasing demand for physical stimuli-responsive polymer is anticipated to propel the growth rate of the market.
  • Increasing demand due to favorable properties of smart polymers – Advantageous qualities like flexibility, toughness, resilience, and biocompatibility are present in smart polymers. These polymers are resistant to deterioration and damage. These elements have aided the adoption of smart polymer in critical applications across a multitude of end–user industries.

    Thus, smart materials like phase change materials, smart fabrics, sensors, actuators, and much more are made using smart polymers. The smart polymers market is anticipated to increase as a result of the increasing demand for these goods.
  • Growing usage in the textile applications – When exposed to external stimuli including heat, light, pH, and others, shape memory polymer (SMP) can both fix a programmed shape and revert from a distorted shape to its original permanent shape. By integrating shape memory polymers into the fabric, industrialists have created smart textiles, motivated by this characteristic of the material.

    Many intriguing and enhanced qualities, including comfort, smart controlled drug release, fantasy design, wound measurement devices, smart wetting capabilities, protection against harsh environmental changes, and good aesthetic appeal, are made possible by the insertion of SMPs into the fabric.

    Therefore, it is anticipated that the growing use of smart polymers in smart textile applications will boost market growth because of the previously mentioned aspects. Nowadays, synthetic textiles comprise up to 60% of all textiles used; polyester, the most common type, is derived from the same substance as plastic bottles.

Challenges

  • Associated adverse reactions of smart polymer – The smart polymers market growth rate is anticipated to be limited by the harmful effects on human health that smart polymers can cause during the forecast period. These health risks encompass skin irritation, gastrointestinal disturbances, coughing, and potential kidney damage.
  • Complexity synthesis and manufacturing – The synthesis of smart polymers often involves complex chemical processes and precise control over molecular architecture. This complexity can lead to high production costs and scalability issues. Additionally, maintaining the consistency and purity of smart polymers during large scale manufacturing is challenging, which can affect their performance and reliability.

Smart Polymers Market: Key Insights

Base Year

2024

Forecast Year

2025-2037

CAGR

4.6%

Base Year Market Size (2024)

USD 13.52 billion

Forecast Year Market Size (2037)

USD 24.26 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia–Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia–Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Author Credits:  Rajrani Baghel


  • Report ID: 6247
  • Published Date: Nov 15, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of smart polymers is assessed at USD 14.02 billion.

The smart polymers market size was valued at USD 13.52 billion in 2024 and is expected to reach USD 24.26 billion by 2037, registering around 4.6% CAGR during the forecast period i.e., between 2025-2037. Rising demand for physical stimuli-responsive polymer will drive the market growth.

North America industry is predicted to dominate majority revenue share of 44% by 2037, influenced by growing healthcare industry in conjunction with the region.

The major players in the market are Lubrizol Corporation, Evonik Industries AG, Clariant AG, Croda International plc, SMP Technologies Inc., Autonomic Materials, Inc., Enovis Corporation, Nanoshel LLC, Airex AG, Mitsui Chemicals, and others.
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