Smart Polymers Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe
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.
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.
Grasp advance
knowledge on global smart polymers industry through in-depth research insights:
www.grandviewresearch.com/research-insights/smart-polymers-market-insights-size
Sponsor Ads
Created on Oct 30th 2019 08:14. Viewed 420 times.