Choose License Type
In 2017, the global smart polymers market size was valued at USD 6.03 billion and is expected to grow significantly in the forecast period owing to its growing number of applications. The smart polymers market is anticipated to witness a strong growth in the forecast period as the demand for environment adaptable materials is increasing for major applications such as biotechnology, textile, automobile, electronics and others.
Smart polymers, which are also referred as intelligent materials or stimuli responsive materials, have the ability to respond to very slight changes in the surrounding environment. The stimuli include temperature, pH, UV radiation, magnetic or electric field and ionic factors. Their uniqueness lies in the fact that, not only they respond to the stimuli, but also return to the original state on their own. Smart polymers are strong, flexible, and easy to sharpen and color. Thus, smart polymers are used in various applications such as drug delivery, tissue engineering and others, contributing positively to the overall smart polymers market.
There are numerous types of smart polymers; however, temperature sensitive and pH sensitive polymers have shown promising results, thus, having pharmaceutical industry to bring these products into the market. The versatility and unexplored potential of smart polymers force these pharmaceutical industries and other research organizations to explore in the fields of biology, chemistry, medicine and pharmacy, hence, influencing the global smart polymers market positively.
Within the stimuli-type segment, physical stimuli constituted the largest share of 47.6% in 2017 to the total smart polymers market. These segment include polymers that are highly sensitive to change in temperature, electric potential, ultrasound, UV radiations and magnetic field. Demand for these polymers is likely to proliferate owing to the necessity of intelligent materials in the field of biomedical & biotechnology. The biological stimuli responsive segment is expected to witness the fastest growth in the forecast period. The smart polymers act in response to the biological stimuli such as enzymes and receptors. Therefore, the smart polymers market looks promising in future, due to the emerging biological applications such as, protein recombination and purification processes.
Biomedical & biotechnology category utilizes most of the smart polymers as it contributed about 45.5% to the total smart polymers market revenue in 2017. The various biomedical applications of smart polymers include tissue engineering, drug delivery, biocatalyst, bio-separation and others. Furthermore, thee polymers are biocompatible, easy to color and mold. Hence their adoption in biotechnology field is increasing gradually, resulting in overall growth of smart polymers market.
In 2017, North America region had the highest market share for smart polymers. The US is anticipated to be the fastest growing market followed by other North American countries such as Canada and Mexico. The rising demand for smart polymers from automotive, textile and medical is expected to drive the smart polymers market in these countries. The growth in Asia-Pacific region is anticipated to be the fastest due to rapid growth in industrialization in the sectors such as electronics, automobile and textile. Middle-East & Africa is expected to have very slow-paced growth due to lack of product know-how as compared to other regions.
The competitive landscape of global smart polymers market consist of global as well as some regional players including BASF SE, Advanced Biopolymers AS, Nexgenia Corporation, FMC Corporation, Nippon Shokubai, Autonomic Materials, Inc., Covestro AG, Advanced Polymer Materials Inc., Lubrizol Corporation and others. These major players have always looked forward to implement eminent strategies through partnerships, agreements, collaborations and business expansions. Also, the smart polymers market is highly fragmented comprising of both global and regional players present across the key regions of North America, Europe, Asia-Pacific and rest of the world. The products supplied by major producers have higher brand value and thus, could be considered as barrier for new entrants in the smart polymers market.
Key segments of the global smart polymers market
Stimulus type Overview, 2015-2025 (USD million) (Kilo tons)
Application Overview, 2015-2025 (USD million) (Kilo tons)
Regional Overview, 2015-2025 (USD million) (Kilo tons)
Reasons for the study
What does the report include?
Who should buy this report?
In 2017, the global smart polymers market size was valued at USD 6.03 billion and is expected to grow significantly in the forecast period owing to its growing number of applications. The smart polymers market is anticipated to witness a strong growth in the forecast period as the demand for environment adaptable materials is increasing for major applications such as biotechnology, textile, automobile, electronics and others.
Smart polymers, which are also referred as intelligent materials or stimuli responsive materials, have the ability to respond to very slight changes in the surrounding environment. The stimuli include temperature, pH, UV radiation, magnetic or electric field and ionic factors. Their uniqueness lies in the fact that, not only they respond to the stimuli, but also return to the original state on their own. Smart polymers are strong, flexible, and easy to sharpen and color. Thus, smart polymers are used in various applications such as drug delivery, tissue engineering and others, contributing positively to the overall smart polymers market.
There are numerous types of smart polymers; however, temperature sensitive and pH sensitive polymers have shown promising results, thus, having pharmaceutical industry to bring these products into the market. The versatility and unexplored potential of smart polymers force these pharmaceutical industries and other research organizations to explore in the fields of biology, chemistry, medicine and pharmacy, hence, influencing the global smart polymers market positively.
Within the stimuli-type segment, physical stimuli constituted the largest share of 47.6% in 2017 to the total smart polymers market. These segment include polymers that are highly sensitive to change in temperature, electric potential, ultrasound, UV radiations and magnetic field. Demand for these polymers is likely to proliferate owing to the necessity of intelligent materials in the field of biomedical & biotechnology. The biological stimuli responsive segment is expected to witness the fastest growth in the forecast period. The smart polymers act in response to the biological stimuli such as enzymes and receptors. Therefore, the smart polymers market looks promising in future, due to the emerging biological applications such as, protein recombination and purification processes.
Biomedical & biotechnology category utilizes most of the smart polymers as it contributed about 45.5% to the total smart polymers market revenue in 2017. The various biomedical applications of smart polymers include tissue engineering, drug delivery, biocatalyst, bio-separation and others. Furthermore, thee polymers are biocompatible, easy to color and mold. Hence their adoption in biotechnology field is increasing gradually, resulting in overall growth of smart polymers market.
In 2017, North America region had the highest market share for smart polymers. The US is anticipated to be the fastest growing market followed by other North American countries such as Canada and Mexico. The rising demand for smart polymers from automotive, textile and medical is expected to drive the smart polymers market in these countries. The growth in Asia-Pacific region is anticipated to be the fastest due to rapid growth in industrialization in the sectors such as electronics, automobile and textile. Middle-East & Africa is expected to have very slow-paced growth due to lack of product know-how as compared to other regions.
The competitive landscape of global smart polymers market consist of global as well as some regional players including BASF SE, Advanced Biopolymers AS, Nexgenia Corporation, FMC Corporation, Nippon Shokubai, Autonomic Materials, Inc., Covestro AG, Advanced Polymer Materials Inc., Lubrizol Corporation and others. These major players have always looked forward to implement eminent strategies through partnerships, agreements, collaborations and business expansions. Also, the smart polymers market is highly fragmented comprising of both global and regional players present across the key regions of North America, Europe, Asia-Pacific and rest of the world. The products supplied by major producers have higher brand value and thus, could be considered as barrier for new entrants in the smart polymers market.
Key segments of the global smart polymers market
Stimulus type Overview, 2015-2025 (USD million) (Kilo tons)
Application Overview, 2015-2025 (USD million) (Kilo tons)
Regional Overview, 2015-2025 (USD million) (Kilo tons)
Reasons for the study
What does the report include?
Who should buy this report?
Chapter 1 Executive Summary
Chapter 2 Research Methodology
2.1 Methodology
2.1.1 Methodology/Research Approach
2.1.2 Research Programs/Design
2.1.3 Market Size Estimation
2.2 Research Scope
2.3 Assumptions:
2.4 List of Data Source
Chapter 3 Market Outlook
3.1 Introduction
3.2 Key trends
3.2.1 Market drivers
3.2.2 Market restraints
3.2.3 Market opportunities
3.3 Porter’s Five Forces analysis
3.4 Value chain analysis
3.5 PESTEL analysis
3.6 Vendor landscape
Chapter 4 Global Smart polymers Market Overview, By Stimulus type
4.1 Global smart polymers market share, by stimulus type, 2017 & 2025
4.2 Physical
4.3 Chemical
4.4 Biological
4.5 Others
Chapter 5 Global Smart polymers Market Overview, By Application
5.1 Global smart polymers market share, by application, 2017 & 2025
5.2 Biomedical & Biotechnology
5.2.1 Drug Delivery
5.2.2 Tissue Engineering
5.2.3 Bio-separation
5.2.4 Biocatalyst
5.3 Automotive
5.4 Electrical & Electronics
5.5 Textile
5.6 Nuclear Energy
5.6.1 Radiation Detection
5.6.2 Waste Treatment
5.7 Others
Chapter 6 Regional Overview
6.1 Global Smart polymers market share, by region, 2017 & 2025
6.2 North America
6.3 Europe
6.4 Asia-Pacific
6.5 Rest of the world
Chapter 7 Company Profiles
7.1 BASF SE
7.1.1 Company overview
7.1.2 Product offerings
7.1.3 Financial performance
7.1.4 Recent initiatives
7.2 Advanced Biopolymers AS
7.2.1 Company overview
7.2.2 Product offerings
7.2.3 Financial performance
7.2.4 Recent initiatives
7.3 Nexgenia Corporation
7.3.1 Company overview
7.3.2 Product offerings
7.3.3 Financial performance
7.3.4 Recent initiatives
7.4 FMC Corporation
7.4.1 Company overview
7.4.2 Product offerings
7.4.3 Financial performance
7.4.4 Recent initiatives
7.5 Nippon Shokubai
7.5.1 Company overview
7.5.2 Product offerings
7.5.3 Financial performance
7.5.4 Recent initiatives
7.6 Autonomic Materials, Inc.
7.6.1 Company overview
7.6.2 Product offerings
7.6.3 Financial performance
7.6.4 Recent initiatives
7.7 Covestro AG
7.7.1 Company overview
7.7.2 Product offerings
7.7.3 Recent initiatives
7.8 Advanced Polymer Materials Inc.
7.8.1 Company overview
7.8.2 Product offerings
7.8.3 Recent initiatives
7.9 Lubrizol Corporation
7.9.1 Company overview
7.9.2 Product offerings
7.9.3 Financial performance
7.9.4 Recent initiatives