The global smart polymers market is expected to reach USD 20.02
billion by 2025, according to a new report by Grand View Research, Inc.
Biomedical & biotechnology was the prominent segment and accounted for
approximately 45.5% of the overall revenue in 2015. Smart polymers are used
widely in the biomedical & biotechnology sector for drug delivery systems,
tissue engineering, bioseparation, and biocatalyst.
Stimuli-responsive
materials undergo various physicochemical changes when they respond to external
stimuli such as temperature, pH, chemical ions, enzymes, sound, light, and
other factors. Furthermore, these products are not only adaptive to the changes
in surroundings but are also capable of regaining their original properties.
The attributes mentioned above make smart polymers favorable for use in
producing self-regulated drug delivery systems, tissue engineering systems,
bioseparation devices, and reversible biocatalysts.
Browse full research report on Smart
Polymers Market: http://www.grandviewresearch.com/industry-analysis/smart-polymers-market
Further key findings from the
report suggest:
- The North America smart polymers industry was valued
at USD 1.16 billion in 2015 and is expected to show high gains on account
of technological advancement in the major end-use industries such as
biotechnology, biomedical engineering, and medical & healthcare. This
scenario is likely to be reflected in the U.S., which constituted 88.9%
revenue in the North America region.
- Europe held the second-largest share of the total
market in 2015 accounting for 34.8% of the volume share. Healthcare &
medical services, research & development in nanomedicine, and use of
effective diagnostic devices are some of the key growth contributing
trends in Europe region.
- Strict environmental regulations governing the use of
conventional polymers coupled with rising health awareness among consumers
are a few of the socio-economic factors that are considered to impact the
Europe healthcare and biomedical industry positively.
- The industry is dominated by major participants
including Advanced Polymer Materials Inc., BASF SE, Nippon Shokubai,
Advanced Biopolymers AS, FMC Corporation, Autonomic Materials, Nexgenia
Corporation, Covestro AG, Lubrizol Corporation, Sigma-Aldrich Corporation,
and Acros Organics.
- Prominent market participants such as Autonomic
Materials, Inc. is engaged in manufacturing of smart polymeric materials
that are capable of adapting and repairing themselves post any damage
imposed by the external environment.
Grand View Research has segmented
the global smart polymers market on the basis of application and region:
Stimulus Type Outlook (Volume,
Tons; Revenue, USD Million, 2014 - 2025)
- Physical
- Chemical
- Biological
- Others
Application Outlook (Volume,
Tons; Revenue, USD Million, 2014 - 2025)
- Biomedical
& Biotechnology
- Drug
Delivery
- Tissue
Engineering
- Bioseparation
- Biocatalyst
- Automotive
- Electrical
& Electronics
- Textile
- Nuclear
Energy
- Radiation
Detection
- Waste
Treatment
- Others
Regional Outlook (Volume, Tons;
Revenue, USD Million, 2014 - 2025)
- North
America
- U.S.
- Europe
- Germany
- UK
- France
- Asia
Pacific
- China
- Japan
- India
- Latin
America
- MEA
About Grand View Research
Grand View
Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and fact-based
research across a range of industries, from technology to chemicals, materials
and healthcare.
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