U.S (New York)–The Report Ocean has recently published a new report titled “Smart Polymers Market ” 2023, which outlines the regional and global markets that are predicted to experience significant growth between 2023 and 2031. This extensive research delves deeply into the market’s ever-changing dynamics, value chain analysis, competitive landscapes, investment hotspots, geographical landscape, and significant segments, providing critical insights and valuable information for policymakers, stakeholders, investors, newcomers, and industry professionals. In addition, the report provides a comprehensive examination of the industry’s controls and restraints, as well as information on the global industry’s plans and opportunities. By utilizing this report, individuals in the industry can capitalize on emerging opportunities, develop key strategies, and gain a competitive edge over rivals.
The global smart polymer market was valued at $1,250 million in 2015, and is projected to reach $3,070 million by 2022, growing at CAGR of 12.6% from 2016 to 2022. Smart polymers are tough, easy to process, flexible, resilient, and biocompatible that are used in numerous applications. The significance of smart polymers is increasing day by day owing to their ability to undergo large reversible, physical, or chemical changes in response to fluctuations in the environmental conditions. They respond to several environmental stimuli such as pH, temperature, light, electric field, enzymes, and biomolecules. These are used in numerous promising applications in biomedical field such as tissue engineering scaffolds, cell culture supports, delivery systems of therapeutic agents, and sensors or actuators systems.
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According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.
The global smart polymer market is in its growth stage wherein North America and Europe are leading markets, owing to increase in research activities and technological advancement in biomedical field. The market is driven by factors such as, increase in need for efficient and economical drug delivery system, innovative use of smart polymers in the automotive industry, and valuable property of reversible phase transitions of smart polymers, whereas high cost is anticipated to hamper market growth.
The report segments the smart polymers market on the basis of stimulus type, polymer type, application, and geography. On the basis of stimulus type, the market is divided into physical stimuli responsive, chemical stimuli responsive, and biological stimuli responsive smart polymers. On the basis of type, it is categorized into shape memory polymers, electroactive polymers, self-healing polymers, and others. Furthermore, based on applications, it is segmented into biomedical & biotechnological, textile, electrical & electronics, automotive, nuclear energy, and others. On the basis of geography, it is classified into North America, Europe, Asia-Pacific, and LAMEA.
In January 2016, Lubrizol Corporation launched a new series of thermoplastic polyurethane (TPU) products, Estane SMART TPU, for use in smart wearable devices. Thermoplastic polyurethane (TPU) products are specially designed to cater the demand of rapidly growing wearable devices.
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KEY MARKET BENEFITS
This report provides an extensive analysis of the current & emerging market trends & dynamics of the global smart polymers market.
In-depth analysis of all regions is conducted by constructing market estimations for key segments between 2014 and 2022, which assist to identify the prevailing market opportunities.
The report assists to understand the strategies adopted by the companies for the growth of the market.
This study evaluates competitive landscape to understand the competitive environment across the geographies.
Extensive analysis is conducted by following key player positioning and monitoring the top competitors within the market framework.
Comprehensive competitive analysis and profiles of the major market players include:
Covestro AG
BASF SE
Saudi Arabia Basic Industries Corporation (SABIC)
Akzonobel
Nippon Shokubai
FMC Corporation
Autonomic Materials Inc.
Advanced Polymer Materials Inc.
Lubrizol Corporation
Nexgenia Corporation
Other major players in the industry include:
Huntsman Corporation
Acros Organics
ConvaTec Inc.
Bioastra
BCMaterials
Smart Polymers Market Key Segments:
By Stimulus Type
Physical Stimuli Responsive
Chemical Stimuli Responsive
Biological Stimuli Responsive
By Type
Shape Memory Polymers
Electroactive Polymers
Self-Healing Polymers
Others
By Application
Biomedical & Biotechnology
Drug Delivery
Tissue Engineering
Bio-separation
Biocatalyst
Textile
Electrical & Electronics
Automotive
Nuclear Energy
Others
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By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
Kingdom of Saudi Arabia
Rest of LAMEA
Table of Content:
- Report Overview
- Global Growth Trends
- Competition Landscape by Key Players
- Data Segments
- North America Market Analysis
- Europe Market Analysis
- Asia-Pacific Market Analysis
- Latin America Market Analysis
- Middle East & Africa Market Analysis
- Key Players Profiles Market Analysis
- Analysts Viewpoints/Conclusions
- Appendix
Key Benefits of This Market Research:
- Industry drivers, restraints, and possibilities included in the study
- Neutral point of view on the market performance
- Recent enterprise developments and developments
- Competitive panorama and techniques of key players
- Potential and area of interest segments and areas exhibiting promising increase covered
- Historical, current, and projected market size, in phrases of value
- In-depth evaluation of the Market
- Overview of the regional outlook of the Market
Reasons for Buying Acetonitrile Market Report:
- This report gives a forward-looking prospect of various factors driving or restraining market growth.
- It renders an in-depth analysis for changing competitive dynamics.
- It presents a detailed analysis of changing competition dynamics and puts you ahead of competitors.
- It gives a ten-year forecast evaluated on the basis of how the market is predicted to grow.
- It assists in making informed business decisions by performing a pin-point analysis of market segments and by having complete insights of the Market.
- This report helps the readers understand key product segments and their future.
- From 2022 to 2031, All Recent Developments have been covered in this Report.
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