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According to Stratistics MRC, the Global Smart Polymers market is expected to grow from $1.52 billion in 2016 to reach $3.98 billion by 2023 with a CAGR of 14.7%. Application of shape memory polymer in automotive industry, requirement of efficient technologies over existing ones, beneficial property of phase transition and the usage of smart polymers for controlled drug delivery are the crucial factors that fuel the growth of the market. On the contrary, high cost associated with the use of smart polymers and changes over in the industry of healthcare are the key factors to hamper the growth of the market in the forthcoming years.
Among the Polymer types, the shape memory polymers segment hold the highest share in the market, because of the broad range of applications like inexpensive, reusable custom molds, deployable components and dynamic configurable parts. North America led the global market with largest share. It is likely to remain in the leading position throughout the forecast period due to technological advancements. AsiaPacific is expected to witness the fastestgrowth as a result of the rapid industrialization of the main product endusers primarily automotive, textile, and electrical electronics sector.
Some of the key players in global Smart Polymers Market include The Dow Chemical Company
SigmaAldrich Corporation, SABIC, Nissan Chemical Industries Ltd., Nippon Shokubai, Nexgenia Corporation, Natureworks LLC, MacDermid Autotype Ltd., Lubrizol Corporation, Huntsman International LLC, High Impact Technology, FMC Corporation, DuPont, Covestro AG, BASF SE, Autonomic Materials, Akzo Nobel, Advanced Polymer Materials Inc, Advanced Biopolymers AS, Acros Organics.
Bio Medical Technology
o Tissue Engineering
o Drug Delivery
o Waste Management
o Radiation Detection
Optical Data Storage
Stimulus Types Covered:
Other Stimulus Types
Polymer Types Covered:
Shape Memory Polymers
Electroactive MagneticallyResponsive Polymers
Other Polymer Types
o Rest of Europe
o New Zealand
o Rest of Asia Pacific
o Middle East
o South Africa
Middle East Africa
o Saudi Arabia
o South Africa
o Rest of Middle East
What our report offers:
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 6 years of all the mentioned segments, sub segments and the regional markets
Market Trends Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Supply chain trends mapping the latest technological advancements
<!--LGfEGNT2Lhm-->Drug delivery is the method or process of administering a pharmaceutical compound to achieve a therapeutic effect in humans or animals. <!--LGfEGNT2Lhm-->Drug delivery technologies are <!--LGfEGNT2Lhm-->patent pr...
Health care (or healthcare) is the diagnosis, treatment, and prevention of disease, illness, injury, and other physical and mental impairments in humans. Health care is delivered by practitioners in medicine, chiropractic, dentistry, nursing, pharmacy, a...