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A recent report published by Infinium Global Research on smart
polymers market provides in-depth analysis of segments and sub-segments in
global as well as regional smart polymers market. The study also highlights the
impact of drivers, restraints and macro indicators on the global and regional
smart polymers market over the short term as well as long term. The report is a
comprehensive presentation of trends, forecast and dollar values of global
smart polymers market. According to the report the global smart polymers market is
projected to grow at a CAGR of 21.8% over the forecast period of 2018-2024.
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 respond to the small change in the environment which is considered to the major feature for the smart polymers.
The smart polymers are used in 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 the demand for smart
polymers from the various end-use industries owing to the features provided by
smart polymers such as react to a small change in the environment, resilient,
reliable nature, durable and others are likely to boost the growth of the smart
polymer market. In addition, the growing need for efficient drug delivery
systems and innovative use of smart polymers in the automobile and other
industries are anticipated to contribute to the growth of the smart polymer
market worldwide.
The polymers show a non-linear response to 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, ongoing research and
developments in smart polymers, as well as growing awareness about the smart
polymers across all over the globe are expected to serve more opportunities
over the forecast period.
Among the geographies, North America dominates the market of
smart polymers owing to the increase in research activities, applications, and
commercialization of smart polymers. In North America, the U.S. is the largest
consumer country of smart polymers due to the growing medical industry.
Furthermore, Asia-Pacific is anticipated to witness the fastest growth in the
smart polymers market. The growing urbanization and industrialization create
the demand of smart polymers in various end-use industries including drug
delivery, food, and beverages, automotive, clothing and several others are
likely to escalate the growth of smart polymers in the Asia-Pacific region.
The report on global smart polymers market covers segments such
as type and end use industries. On the
basis of type the global smart polymers market is categorized into physical
stimuli responsive polymers, chemical stimuli responsive polymers, and
biological stimuli responsive polymers. On the basis of end use industries, the
global smart polymers market is categorized into biotechnology and medicine,
automotive, electrical & electronics and textile.
The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain and Rest of Europe are included in the European region.
The U.S. drives
the growth in the North America region as it is the largest market in the
region. The Asia-Pacific region offers a substantial potential for the market
growth owing to rapid growth in markets such as India and China. The APAC
region is projected to experience a growth at a CAGR of x.x% over the period of
2018-2024.
The report provides profiles of the companies in the global
smart polymers market such as DowDuPont, BASF SE, Akzo Nobel, Covestro AG,
Evonik Industries AG, Merck Group, SABIC, Huntsman International
LLC, Akina, Inc., and others.
The report provides deep insights on demand forecasts, market
trends, and micro and macro indicators. In addition, this report provides
insights into the factors that are driving and restraining the global smart
polymers market. Moreover, IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of smart polymers
market. Moreover, the study highlights current market trends and provides
forecast from 2018-2024. We also have highlighted future trends in the smart
polymers market that will impact the demand during the forecast period.
Moreover, the competitive analysis given in each regional market brings an
insight on the market share of the leading players. This report will help
manufacturers, suppliers, and distributors of the smart polymers market to
understand the present and future trends in this market and formulate their
strategies accordingly.
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