New Chemistries in Smart Polymers Market to Increasingly Capitalize on Avenues in Biomedical Sector, Market to Clock CAGR of 14% from 2020 to 2030: TMR
- The biomedical & biotechnology segment held the major share in 2019, proliferative prospects of shape memory polymers in precision medicine fuel the growth in smart polymers market
- Global valuation of the smart polymers market to reach worth of US$ 27 Bn by 2030-end, Stimuli-responsive smart polymers to see new chemistries
ALBANY, N.Y., Dec. 9, 2020 /PRNewswire/ -- The smart polymers market has been expanding steadily on the back of the development of an array of new chemistries in stimuli-responsive, self-healing, and shape memory polymers.
The adoption of smart polymers has been seeing remarkable pace in the automotive and biomedical sectors, state research analysts at TMR. Over the years, substantial research has been made to harness smart polymers in the making of hydrogels, sensors, and actuators. Biomedical engineering is an emerging area with vast untapped opportunities, assert analysts. The rise in utilization of smart polymers in making advanced packaging materials is spurring new opportunities in the smart polymers market.
Request for Covid-19 Impact Analysis on Smart Polymers Market: https://www.transparencymarketresearch.com/Covid19.php
The global market is projected to clock a remarkable CAGR of 14% from 2020 to 2030.
Key Findings of Smart Polymers Market Report
- Of the various application segments, biomedical and biotech was the leading one in 2019
- The global market is expected to touch valuation of US$ 27 Bn by 2030
- Automotive sector is emerging as a highly lucrative one during the forecast period
- Packaging is a promising end-use segment
- Geographically, North America held the major share in the smart polymers market in 2019
- The U.S. held the major share in the North America market in the same year
- Europe is expected to expand at moderate growth rate during 2020 – 2030
- Germany held the major share of the Europe market in the same year
- The global market is highly fragmented and intensely competitive.
Download PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php
Smart Polymers Market: Key Driving Factors and Promising Avenues
- Investigators and researchers in the smart polymers market are increasingly fabricating polymers to respond to variety of stimuli, such as electric and magnetic fields, pH, temperature, and light intensity.
- Companies are leveraging the strength of new chemistries in the smart polymers market by garnering gains from the application of shape memory polymers.
- Shape memory polymers are used extensively in biomedical engineering. Two of the areas that have gained groundswell of attention are precision medicine and cell therapies.
- Rise in potential of smart polymers in creating new drug delivery methods has added a new growth momentum to the expansion of the smart polymers market. They are made to effect pulsating drug release pattern for a wide spectrum of drug delivery applications, closely mimicking the natural biological release.
- The growing interest of novel drug delivery systems is bolstering the expansion of the market.
- Strides made in the chemistries of smart polymers market are continuously unlocking new prospects in the smart polymers market.
- The growing demand for advanced packaging to retain the freshness and sensory attributed of packaged food is a key driver for new avenues in the smart polymers market.
- Advances made in nanomaterials have enabled players unveil smart polymers for new packaging applications for numerous industries.
View Detailed Table of Contents at https://www.transparencymarketresearch.com/report-toc/19676
Smart Polymers Market: Regional Landscape
North America led the global market in 2019, where the U.S. was the major country market. Extensive research and development by polymer manufacturers to harness new capabilities for biomedical engineering is underpinning the expansion of opportunities in the regional market. Growing investments in novel drug delivery methods have also boosted the generation of sizable revenue streams in the regional market.
Europe is expected to see opportunities to expand at moderate pace during 2020 – 2030. Constant focus of players to optimize the properties of smart polymers will continue to drive growth in the regional market. Asia Pacific is a remarkably promising regional market. Growing adoption of smart polymers in biotechnology and automotive sector is spurring the growth prospects in the Asia Pacific smart polymers market.
Purchase Premium Research Report on Smart Polymers Market @ https://www.transparencymarketresearch.com/checkout.php
Key Strategies Shaping Smart Polymers Market
Numerous local and national players throng the marketspace. The global dynamics is characterized by high degree of competition and fragmentation. Some of the key players in the smart polymers market are Autonomic Materials, Inc., Nanoshel LLC, Airex AG, Spintech Holdings Inc., Covestro AG, Clariant AG, Croda International plc., and Evonik Industries AG.
Browse More Press Releases: https://www.transparencymarketresearch.com/press-releases.htm
Global Smart Polymers Market: Segmentation
Smart Polymers Market, by Type
- Physical Stimuli
- Thermo-responsive
- Photo-responsive
- Pressure-responsive
- Electroactive & Magnetically-responsive Polymers
- Others
- Chemical Stimuli
- Biological Stimuli
- Enzymes & Biomolecules
- Self-healing Polymers
- Others (Including Double & Multi Stimuli Responsive Polymers)
Smart Polymers Market, by Application
- Biomedical & Biotechnology
- Smart Drug Delivery Systems
- Tissue Engineering
- Bioseparation
- Biocatalyst
- Others
- Others
- Textile
- Electricals & Electronics
- Automotive
- Energy & Power
Smart Polymers Market, by Region
- North America
- U.S.
- Canada
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia & CIS
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- ASEAN
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Browse Latest Reports by TMR: https://www.transparencymarketresearch.com/latest.htm
Explore Transparency Market Research's award-winning coverage of the global Chemicals and Materials Industry,
Isoprenol Market - Isobutene (petroleum derived) and formaldehyde are major raw materials used in the manufacture of Isoprenol and prenol, which are classified as hemiterpene alcohol. Isobutene has hazardous effects on human beings and the environment. Isobutene adversely affects the lungs when inhaled in large amount. Contact with liquid isobutene can cause frostbite, while exposure to isobutene can cause irritation to eyes, nose, and throat. It also causes headache, dizziness, lightheadedness, and fatigue. The exposure to higher level of isobutene can also lead to coma and death. Isobutene is a highly flammable gas and a dangerous fire hazard. Volatility in prices, uncertainty in availability of raw materials, and availability of substitute compounds are also expected to hamper the isoprenol market in the near future.
Adhesives & Sealants Market - The global adhesives & sealants market for manufacturing industry is primarily driven by the increase in usage of adhesives & sealants in electronic products, batteries, and appliances. Furthermore, the demand for adhesives & sealants has been rising across the globe, owing to its adoption in electric vehicles. Adhesives & sealants are utilized throughout the interior, exterior, and engine compartment of an aircraft. Acrylics, epoxies, cyanoacrylates are considered as aerospace adhesives. Adhesives are preferred in interiors, exteriors, and engine compartments of aircraft, due to their advantages over other types of adhesives. Adhesives carry higher weight loads and improve uniform distribution of stress and strain across joints. Adhesives also maintain integrity and strength of materials, as there is no hole, rivet, or fastening element to weaken the structure. These factors are projected to fuel the global demand for adhesives & sealants during the forecast period.
Polymer Ingredients Market for Personal Care - Polymer ingredients that are used in personal care products can be natural or synthetic. However, increasing use of synthetic polymers is raising concerns regarding their biodegradability. Rising awareness among consumers about type of ingredients used in personal care products is also boosting R&D activities in the global polymer ingredients market for personal care. It is also likely to impact the future outlook for the global polymer ingredients market for personal care. Growth of the global personal care industry is a key factor driving the global polymer ingredients market for personal care. Global polymer ingredients market for personal care is expanding rapidly due to rising consumer preference for natural, mild and non-animal-based products; increasing demand for beauty products (particularly anti-aging products); and growing use of personal care products among men.
Polymer Electrolyte Membrane Fuel Cell Market - Increase in demand for clean energy is driving the Polymer Electrolyte Membrane Fuel Cell Market. Rise in focus on the use of fuel cell technology as a source of energy and growth in concerns regarding pollution caused by conventional sources of energy are also augmenting the global Polymer Electrolyte Membrane Fuel Cell Market. PEM fuel cell uses a water-based, acidic polymer membrane as its electrolyte, with platinum-based electrodes. PEM fuel cells operate at relatively low temperatures (below 100°C) and can tailor electrical output to meet dynamic power requirements. These cells must operate on pure hydrogen due to the relatively low temperatures and the use of precious metal-based electrodes. Currently, PEM fuel cells is the leading technology for light duty vehicles and material handling vehicles. Additionally, technological advancements, R&D work associated with fuel cell technologies, and global commitment toward reduction of greenhouse gas emissions from the power sector are likely to drive the PEM fuel cell market.
Explore More Upcoming Reports: https://www.transparencymarketresearch.com/upcoming.htm
About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: [email protected]
Press Release Source: https://www.transparencymarketresearch.com/pressrelease/smart-polymers-market.htm
Website: http://www.transparencymarketresearch.com
SOURCE Transparency Market Research
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article