HOME Press Releases Smart Polymers Market worth 2,071.1 Million USD by 2022



Smart Polymers Market worth 2,071.1 Million USD by 2022


The report "Smart Polymers Market by Type (Physical Stimuli, Chemical Stimuli, and Biological Stimuli Responsive Polymers), End-Use Industry (Biomedical & Biotechnology, Textile, Electrical & Electronics, Automotive), and Region - Global Forecast to 2022", The smart polymers market is projected to reach USD 2,071.1 Million by 2022, at a CAGR of 21.9% between 2017 and 2022. The smart polymers market is driven by the rising demand for smart polymers from the biomedical & biotechnology, textiles, electrical & electronics, automotive, food packaging, footwear, consumer goods, and aerospace & defense industries.

       Request Sample      Request Sample     download pdf

Browse 142 Market Data Tables and 31 Figures spread through 137 Pages and in-depth TOC on "Smart Polymers Market by Type (Physical Stimuli, Chemical Stimuli, and Biological Stimuli Responsive Polymers), End-Use Industry (Biomedical & Biotechnology, Textile, Electrical & Electronics, Automotive), and Region - Global Forecast to 2022"
http://www.marketsandmarkets.com/Market-Reports/smart-polymer-market-216958685.html
Early buyers will receive 10% customization on reports.

Physical stimuli responsive polymers segment was the largest type of smart polymers in 2016

The physical stimuli responsive polymers segment was the largest type of the global smart polymers market in 2016. These polymers respond to several stimuli such as temperature, light, pressure, electric field, and magnetic field. The growth of this type of polymers is attributed to the rising demand for innovative and efficient technologies from end-use industries such as biomedical & biotechnology, automotive, and textiles.

Biomedical & biotechnology industry accounted for largest share of smart polymers market in 2016

The biomedical & biotechnology industry accounted for the major share of the overall smart polymers market in 2016. This is associated with the growing demand for smart polymers from several applications such as diagnostics, drug delivery, tissue engineering, cell culture, and phase separation processes in the biomedical & biotechnology industry. Moreover, smart polymers are biodegradable, biocompatible, easy to colour & mold, and can be easily modified. Hence, their adoption in the biomedical & biotechnology industry is gradually increasing.

Rising demand for smart polymers from North America expected to be the key factor driving the growth of the global smart polymers market

North America is projected to be the leading market for smart polymers. The US is projected to be the largest and the fastest-growing market for smart polymers during the forecast period. Canada and Mexico are other major countries contributing to the growth of the smart polymers market in the region. The increasing demand for smart polymers from end-use industries such as automotive, medical, textiles, and footwear is expected to drive the smart polymers market in these countries.

The key companies profiled in the smart polymers market research report are BASF (Germany), Lubrizol (US), Dow Chemical (US), Evonik (Germany), Advanced Polymer Materials (Canada), Spintech (US), Merck Group (Germany), Akina (US), SMP Technologies (Japan), Reactive Surfaces (US) and NEI Corporation (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Rohan
MarketsandMarkets™
701 Pike Street,
Suite 2175, Seattle,
WA 98101, United States
1-888-600-6441
Email: sales@marketsandmarkets.com

Connect Us

Follow us on LinkedIn  Follow us on Facebook   Follow us on Twitter 
Live Chat Support


US : 1-888-600-6441

Search reports