Worldwide Smart Polymers Industry to 2027 - by Type, End-use Industry and Region - ResearchAndMarkets.com

The "Global Smart Polymers Market Size & Share to 2027" report has been added to ResearchAndMarkets.com's offering.

Smart polymers are also referred as intelligent materials or stimuli responsive products. It has various unique properties such as good responsiveness, phase separation, electrical properties, permeability, and electrical change in response to small variation in environmental conditions.

They are widely used in various industry verticals such as Biomedical & Biotechnology, Textiles, Electrical & Electronics, Automotive, and Others.

Market Drivers

Rise in demand for environment adaptable materials in textile, automotive, electrical & electronics, nuclear energy, and biochemical & biotechnology is expected to propel the global smart polymers market growth. Furthermore, continuous development in smart textile industry will positively influence the market growth. Also, increase in need for efficient drug delivery systems will propel the global smart polymers market growth.

Moreover, increase in awareness about the environment compatible product use for long term sustainability across automotive, textile, electronics, and energy sector is likely to drive the market growth during this forecast timeline. The smart polymers are gaining popularity due to its ability to self heal in event of any damage which is expected to boost the demand for smart polymers in market.

Market Restraints

The high cost of technology development and polymer production is the market restraining factor which is expected to hinder the global smart polymers market growth. Further, increase in concerns related to the use of smart polymers will affect the market growth.

Key Questions Addressed by the Report

• What are the Key Opportunities in Global Smart Polymers Market?
• What will be the growth rate from 2019 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?

Companies Mentioned

• BASF SE
• The Lubrizol Corporation
• The DOW Chemical Company
• Evonik Industries AG
• Merck Group
• Advanced Polymer Materials Inc.
• Spintech LLC
• SMP Technologies Inc
• NEI Corporation

Market Taxonomy

By Type

• Physical Stimuli Responsive Polymers
• Chemical Stimuli Responsive Polymers
• Biological Stimuli Responsive Polymers

By End Use Industry

• Biomedical & Biotechnology
• Textiles
• Electrical & Electronics
• Automotive
• Others

By Region

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa

For more information about this report visit https://www.researchandmarkets.com/r/ap7fix

View source version on businesswire.com: https://www.businesswire.com/news/home/20220923005339/en/