Smart Polymers Market Poised to Grow at a CAGR of 21.8% by 2024
Infinium Global Research has added a new report on Smart
Polymers Market. The report presents analysis of global as well as
regional markets of smart polymers market over the period of 2016 to 2024.
Smart polymers are the polymers that change or respond
according to the surrounding environmental conditions such as Temperature,
humidity, pH and others. The smart polymers responds to the small change in
environment which is considered to the major feature for the smart polymers.
The smart polymers are used in the highly specific applications such as
biomedical & biotechnology, drug delivery system, automotive, electrical
& electronics and others.
The Development of Smart Textiles is expected to drive the
Smart Polymers Market worldwide. The growing
adoption and demand of smart polymers from the various end use
industries owing to the features provided by the smart polymers such as reacts
to a small change in the environment, resilient, reliable nature, durable and
others is likely to boost the growth of smart polymer market. In addition, the
growing need of efficient drug delivery systems and innovative use of smart
polymers in the automobile and other industries are anticipated to contribute
in the growth of smart polymer market worldwide.
The polymers shows a non-linear response to a small conditions
leading to a macroscopic change in their properties so they are explored as
“intelligent” delivery system in drug delivery system. The better
biocompatibility and biodegradability of smart polymers is projected to augment
its applications in the drug delivery systems n upcoming years. Moreover, the ongoing research and
developments on smart polymers as well as growing awareness about the smart
polymers across all over the globe is expected to serve more opportunities over
the forecast period.
Among the geographies, the North America dominates the market
of smart polymers owing to the increase in research activities, applications
and commercialization of smart polymers. In the North America, U.S. is the
largest consumer country of the smart polymers due to growing medical industry.
Furthermore, Asia pacific is anticipated to witness the fastest growth in the
smart polymers market. The growing urbanization and industrialization creates
the demand of smart polymers in various end use industries including drug
delivery, food and beverages, automotive, clothing and several others is likely
to escalate the growth of smart polymers in the Asia Pacific region.
Moreover, the growth matrix presented by Infinium Global
Research identifies the key investment markets in the near future, this will
not only help the companies to understand the competitive position in the
global smart polymers market but also make strategic decisions to capture the
most lucrative markets in the near future.
The market size is presented in terms of value for the historic
year 2016 and estimated for forecast period of 2018-2024.
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The recent report identified that dominated the global smart polymers market
over the last couple of years, while emerging markets of Asia-Pacific and Latin
America are anticipated to contribute significantly to the growth in the smart
polymers market worldwide.
The report segments the global smart polymers market on the
basis of Type and End use industries.
Global Smart Polymers Market by Type
Physical Stimuli Responsive Polymers
Chemical Stimuli Responsive Polymers
Biological Stimuli Responsive Polymers
Global Smart Polymers Market by End Use
Biotechnology And Medicine
Electrical & Electronics
Companies Profiled in the Report
Evonik Industries AG
Huntsman International LLC
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