DUBLIN--(BUSINESS WIRE)--The "Global Shape-Memory Polymer Market - Segmented by Stimulus, End-User Industry and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global shape-memory polymer market is expected to witness a CAGR of around 15%, owing to increasing application from healthcare industry.
The major driver for the market is increasing application of shape-memory polymer in healthcare for smart drug delivery, orthodontic implants, orthopedic braces and splints, cardiovascular stents, catheters, etc. Global demand for healthcare products and services will continue to rise in the coming years due to aging populations in mature markets and improving access to healthcare in emerging ones. The United States contributes the highest share in the global healthcare industry and is likely to witness a significant growth rate, which is expected to boost the shape-memory polymer market.
Among the stimulus type-based segments, temperature-induced SMP is expected to dominate over the others. There are numerous opportunities in the textile industry, which can drive the demand of temperature-induced smart polymers market. Textiles integrated with these SMPs can help in achieving different 3D forms in garments. Window curtains or films with temperature-induced SMPs can also act under the influence of heat.
Asia-Pacific is expected to register the highest growth, due to the booming construction industry. The region is also expected to be an emerging market during the forecasted period with an increase in automotive manufacturing facilities in China, India, Indonesia and Thailand. In the automotive industry, shape memory polymers are used in reconfigurable storage bins, seat assemblies, energy absorbing assemblies, airflow control systems, and others.
- Spintech LLC
- Cornerstone Research Group
- SMP Technologies Inc.
- BASF SE
- Evonik Industries AG
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Future of the Market
8. Competitive Landscape
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/research/68qz95/global?w=4