DUBLIN--(BUSINESS WIRE)--The "Smart Polymers Market: Global Industry Analysis, Trends, Market Size and Forecasts up to 2024" report has been added to ResearchAndMarkets.com's offering.
The report predicts the global smart polymers market to grow with a CAGR of 21.8% over the forecast period of 2018-2024.
The report on global smart polymers market provides qualitative and quantitative analysis for the period of 2016 to 2024.
Smart polymers are the polymers that change or respond according to the surrounding environmental conditions such as Temperature, humidity, pH and others. The smart polymers responds to the small change in environment which is considered to the major feature for the smart polymers. The smart polymers are used in the highly specific applications such as biomedical & biotechnology, drug delivery system, automotive, electrical & electronics and others.
The Development of Smart Textiles is expected to drive the Smart Polymers Market worldwide. The growing adoption and demand of smart polymers from the various end use industries owing to the features provided by the smart polymers such as reacts to a small change in the environment, resilient, reliable nature, durable and others is likely to boost the growth of smart polymer market. In addition, the growing need of efficient drug delivery systems and innovative use of smart polymers in the automobile and other industries are anticipated to contribute in the growth of smart polymer market worldwide.
The polymers shows a non-linear response to a small conditions leading to a macroscopic change in their properties so they are explored as intelligent delivery system in drug delivery system. The better biocompatibility and biodegradability of smart polymers is projected to augment its applications in the drug delivery systems n upcoming years. Moreover, the ongoing research and developments on smart polymers as well as growing awareness about the smart polymers across all over the globe is expected to serve more opportunities over the forecast period.
Among the geographies, the North America dominates the market of smart polymers owing to the increase in research activities, applications and commercialization of smart polymers. In the North America, U.S. is the largest consumer country of the smart polymers due to growing medical industry. Furthermore, Asia pacific is anticipated to witness the fastest growth in the smart polymers market. The growing urbanization and industrialization creates the demand of smart polymers in various end use industries including drug delivery, food and beverages, automotive, clothing and several others is likely to escalate the growth of smart polymers in the Asia Pacific region.
Global Smart Polymers Market by Type
- Physical Stimuli Responsive Polymers
- Chemical Stimuli Responsive Polymers
- Biological Stimuli Responsive Polymers
Global Smart Polymers Market by End Use Industries
- Biotechnology And Medicine
- Electrical & Electronics
- BASF SE
- Akzo Nobel
- Covestro AG
- Evonik Industries AG
- Merck Group
- Huntsman International LLC
- Akina, Inc.
For more information about this report visit https://www.researchandmarkets.com/research/jrrks8/smart_polymers?w=4