Smart Polymers Market Size To Reach $20.02 Billion By 2025: Grand View Research, Inc.

Posted on 2018-12-07 by researchinsights in Automotive, Chemicals, Electronics, Energy, Healthcare // 0 Comments

San Francisco, United States, 2018-Dec-07 — /EPR Network/ —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.

To request a sample copy or view summary of this report:
www.grandviewresearch.com/industry-analysis/smart-polymers-market

Germany smart polymers market, by stimuli type, 2014 – 2025, (USD Million)

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.

Related Report of Specialty Polymers:

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

Access Press Release Of This Research Report by Grand View Research: www.grandviewresearch.com/press-release/global-smart-polymers-market

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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