The extensive research and novel qualities of these polymers has shown significant growth in the market, and is expected to provide lucrative opportunity in the near future.

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Global Opportunity
Analysis and Industry
Forecast, 2017-2023
Global Opportunity
Analysis and Industry
Forecast, 2014-2022
Global Opportunity
Analysis and Industry
Forecast, 2014 - 2022
Opportunity Analysis
and Industry Forecast,
2014-2022
Opportunity Analysis
and Industry Forecast,
2014 - 2022
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Global Opportunity
Analysis and Industry
Forecast, 2014-2022
Global Opportunity
Analysis & Industry
Forecast, 2014-2022
Global Opportunity
Analysis and Industry
Forecast 2030
Smart Polymers Market
380 Pages Report
Global Opportunity
Analysis and Industry
Forecast 2022

2. “Upsurge in demand for smart polymers in numerous applications (owing to its exclusive environmental responsive
property and increasing research activities) are the prime drivers of the market. However, high cost associated with
the use of smart polymers is projected to hamper the market growth during the forecast period.”
Eswara Prasad
Team Lead, Chemicals & Materials at AMR.
Smart Polymers Market
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3. Smart Polymers Market Report, published by Allied Market Research, projects that the global market was valued at $1,250
million in 2015, and is estimated to reach $3,070 million by 2022, growing at a CAGR of 12.6% from 2016 to 2022. In 2015,
physical stimuli responsive segment held almost half of the share of the total market.
Smart polymer is a subject of great interest for institutional and industrial research. Properties of these polymers such as shape,
mechanical properties, phase separation, permeability, and electrical properties changes in response to small variation in
environmental conditions. These polymers are widely used in biomedical & biotechnology applications such as drug delivery,
tissue engineering, and cell culture support. The extensive research and novel qualities of these polymers has shown significant
growth in the market, and is expected to provide lucrative opportunity in the near future.
The growth of the global smart polymers market is driven by the rise in need for efficient & economical drug delivery system,
innovative use of smart polymers in the automobile industry, and significant reversible phase transition property of smart
polymers. Development of smart polymers from renewable feedstock and increase in awareness about smart polymers in future
are expected to provide significant growth opportunities to the industry players. However, high R&D cost increases the overall
cost of smart polymers, which is anticipated to hamper the market growth during the forecast period.
Smart Polymers Market
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4. Physical stimuli responsive is the leading segment which are sensitive to environmental factors such as temperature, light,
electric field, magnetic field, and mechanical stress, which are widely used as safe polymers in drug delivery and biomaterials.
Shape memory polymer type segment generated the highest revenue in 2015, with almost half of the total market share,
followed by self-healing polymer segment. Shape memory polymers retain their original shape at the culmination of the
environmental stimulus. These polymers are used in wide range of applications such as surgical fixation, telecommunication,
clothing, automotive, and robotics.
Biomedical & biotechnology application segment dominated the global market with more than two-fifths of the global smart
polymers share in 2015. Smart polymers are used in multiple biomedical applications such as drug delivery, tissue engineering,
bio-separation, biocatalyst, and others.
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Smart Polymers Market
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5. In 2015, North America was the leading region, owing to the increase in research activities and growth in technological
advancement for biomedical application. Furthermore, Asia-Pacific is projected to show the highest CAGR of 12.8%, followed by
Europe at a CAGR of 12.7% from 2016 to 2022.
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Key Findings of the Smart Polymers Market:
 In 2015, North America dominated the global market with around one-third of the share, in terms of revenue.
 Chemical stimuli responsive segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR
of 12.8% from 2016 to 2022.
 Asia-Pacific is projected to grow at a highest CAGR of 13.4%, in terms of volume.
 Textile application segment is projected to grow at a highest CAGR of 13.0%, in terms of revenue.
 Self-healing type segment shows the highest growth rate, in terms of revenue, registering a CAGR of 12.9%.
Smart Polymers Market
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6. Major Companies:
 Covestro AG
 BASF SE
 Saudi Arabia Basic Industries Corporation (SABIC)
 Akzonobel
 Nippon Shokubai
 FMC Corporation
 Autonomic Materials Inc.
 Advanced Polymer Materials Inc.
 Lubrizol Corporation
 Nexgenia Corporation.
Smart Polymers Market
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Smart Polymers Market
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