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Smart Polymers Market Analysis and Professional Survey 2019


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.


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.


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.

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.

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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.

Top Players of Smart Polymers Market:

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.

Market Segmentation of Smart Polymers Market:

The Global Smart Polymers Market segmented on the basis of Application and Region.

By Type:

Physical
Chemical
Biological

By Application:

Biomedical & Biotechnology

        Drug Delivery
        Tissue Engineering
        Bioseparation
        Biocatalyst

Automotive
Electrical & Electronics
Textile
Nuclear Energy

       Radiation Detection
       Waste Treatment

By Region:

North America
Europe
Asia Pacific
Latin America
MEA

Inquire about Smart Polymers Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3358/ibb 
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