Report ID : AMR1004276 | Industries : | Published On :December 2023 | Page Count : 201
Global Shape Memory Polymer Market Size, Share & Trends Analysis Report by Material (Polyurethane (PU), Epoxy, Polylactide (PLA), Others), by End-Use (Medical, Automotive, Textile, Aerospace, Construction, Others), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East) - Size, Share, Outlook, and Opportunity Analysis, 2023 – 2030.
Global Shape Memory Polymer Market
Global Shape Memory Polymer Market was valued at USD 1.5 billion in 2022 which expected to reach USD 4.9 billion by 2030, at a CAGR 13.33% from 2023-2030.
A shape memory polymer is a material that can change its shape in response to a stimulus (such as temperature or light) and then return to its original shape when the stimulus is removed. These polymers have the unique ability to "remember" and recover their initial form, making them valuable in various applications, including medicine, aerospace, and engineering.
Market Drivers
The increasing use of shape-memory polymers (SMPs) in the medical industry is expected to fuel market expansion. The market in the United States is expected to increase significantly in recent years, with various reasons driving this rise. The development and increase in R&D activities in many sectors in the United States are likely to boost market expansion. In the United States, shape-memory polymers are employed in the aerospace and defence industries for a number of applications, including morphing aircraft components and self-healing materials.
Market Restraints
Limited Temperature Range: Most shape memory polymers have a specific temperature range at which they can exhibit their shape memory effect. This limitation can restrict their application in extreme temperature environments or applications where a broader range of temperature responsiveness is needed.
Market Segmentation
The Global Shape Memory Polymer Market is segmented into Material such as Polyurethane (PU), Epoxy, Polylactide (PLA), Others. Moreover, market is further segmented into End-Use such as Medical, Automotive, Textile, Aerospace, Construction, Others.
Regional Analysis
The Global Shape Memory Polymer Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
Asia Pacific among regions is expected to exhibit the highest CAGR in the global Shape Memory Polymer market. The region's automobile and electronics industries are rapidly expanding. The global market in the region is predicted to develop due to the increasing use of these materials across a variety of sectors. Furthermore, the Asia Pacific region's market is expected to expand significantly because to rising demand from nations such as China and Japan. The burgeoning building sector in nations such as China and India is primarily driving the region's growing product demand.
The North America regional market is predicted to grow at a rapid pace in the future years as a result of the passage of several legislation and initiatives, including as NAFTA and the USMCA, which have aided in the expansion of multiple industries in the region. Furthermore, the expansion of the healthcare sector in the United States, as well as increased medical research activities, will drive product demand throughout the projection period.
Key Developments
In May 2023, Covestro launched a new production line for high-performance Thermoplastic Polyurethanes (TPUs), which will be used to manufacture paint protection films (PPF).
Key Players
Various key players are listed in the global Shape Memory Polymer market including- Covestro AG, SMP Technologies Inc., Dupont De Nemours, Inc., Natureworks LLC, Lubrizol Corporation, Evonik Industries AG, Spintech, LLC, Huntsman International LLC
Market Taxonomy
By Material
• Polyurethane (PU)
• Epoxy
• Polylactide (PLA)
• Others
By End-Use
• Medical
• Automotive
• Textile
• Aerospace
• Construction
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Latin America
o Brazil
o Argentina
o Colombia
o Peru
o Chile
o Venezuela
o Rest of Latin America
• Europe
o Germany
o France
o UK
o Russia
o Italy
o Spain
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o New Zealand
o Singapore
o Malaysia
o Rest of Asia Pacific
• Middle East & Africa
o Saudi Arabia
o UAE
o Egypt
o Kuwait
o South Africa
o Rest Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Shape Memory Polymer Market?
• What will be the growth rate from 2023 to 2030?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
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Global Shape Memory Polymer Market
1. Introduction
1.1. Objective of the Study
1.2. Market Definition
1.3. Market Scope
2. Research Methodology
2.1. Data Mining
2.2. Validation
2.3. Primary Interviews
2.4. List of Data Sources
3. Executive Summary
4. Global Shape Memory Polymer Market Outlook
4.1. Overview
4.2. Market Dynamics
4.2.1. Drivers
4.2.2. Restraints
4.2.3. Opportunities
4.2.4. Cumulative Impact due to recent Energy Crisis
4.2.5. Cumulative Impact due to Nearing Economic Downturn
4.2.6. Post Covid-19 World Supply and Demand Conditions
4.2.7. Cumulative Impact of Russia-Ukraine Conflict
4.3. Porters Five Force Model
4.4. Value Chain Analysis
5. Global Shape Memory Polymer Market, By Material
5.1. Y-o-Y Growth Comparison, By Material
5.2. Global Shape Memory Polymer Market Share Analysis, By Material
5.3. Global Shape Memory Polymer Market Size and Forecast, By Material
5.3.1. Polyurethane (PU)
5.3.2. Epoxy
5.3.3. Polylactide (PLA)
5.3.4. Others
6. Global Shape Memory Polymer Market, By End-Use
6.1. Y-o-Y Growth Comparison, By End-Use
6.2. Global Shape Memory Polymer Market Share Analysis, By End-Use
6.3. Global Shape Memory Polymer Market Size and Forecast, By End-Use
6.3.1. Medical
6.3.2. Automotive
6.3.3. Textile
6.3.4. Aerospace
6.3.5. Construction
6.3.6. Others
7. Global Shape Memory Polymer Market, By Region
7.1. Global Shape Memory Polymer Market Share Analysis, By Region
7.2. Global Shape Memory Polymer Market Share Analysis, By Region
7.3. Global Shape Memory Polymer Market Size and Forecast, By Region
8. North America Shape Memory Polymer Market Analysis and Forecast (2023-2030)
8.1. Introduction
8.2. North America Shape Memory Polymer Market Share Analysis, By Material
8.3. North America Shape Memory Polymer Market Share Analysis, By End-Use
8.4. North America Shape Memory Polymer Market Size and Forecast, By Country
8.4.1. U.S.
8.4.1.1. Market Size and Forecast, By Material
8.4.1.2. Market Size and Forecast, By End-Use
8.4.2. Canada
8.4.2.1. Market Size and Forecast, By Material
8.4.2.2. Market Size and Forecast, By End-Use
8.4.3. Mexico
8.4.3.1. Market Size and Forecast, By Material
8.4.3.2. Market Size and Forecast, By End-Use
9. Europe Shape Memory Polymer Market Analysis and Forecast (2023-2030)
9.1. Introduction
9.2. Europe Shape Memory Polymer Market Share Analysis, By Material
9.3. Europe Shape Memory Polymer Market Share Analysis, By End-Use
9.4. Europe Shape Memory Polymer Market Size and Forecast, By Country
9.4.1. Germany
9.4.1.1. Market Size and Forecast, By Material
9.4.1.2. Market Size and Forecast, By End-Use
9.4.2. France
9.4.2.1. Market Size and Forecast, By Material
9.4.2.2. Market Size and Forecast, By End-Use
9.4.3. UK
9.4.3.1. Market Size and Forecast, By Material
9.4.3.2. Market Size and Forecast, By End-Use
9.4.4. Russia
9.4.4.1. Market Size and Forecast, By Material
9.4.4.2. Market Size and Forecast, By End-Use
9.4.5. Italy
9.4.5.1. Market Size and Forecast, By Material
9.4.5.2. Market Size and Forecast, By End-Use
9.4.6. Spain
9.4.6.1. Market Size and Forecast, By Material
9.4.6.2. Market Size and Forecast, By End-Use
9.4.7. Rest of Europe
9.4.7.1. Market Size and Forecast, By Material
9.4.7.2. Market Size and Forecast, By End-Use
10. Asia Pacific Shape Memory Polymer Market Analysis and Forecast (2023-2030)
10.1. Introduction
10.2. Asia Pacific Shape Memory Polymer Market Share Analysis, By Material
10.3. Asia Pacific Shape Memory Polymer Market Share Analysis, By End-Use
10.4. Asia Pacific Shape Memory Polymer Market Size and Forecast, By Country
10.4.1. China
10.4.1.1. Market Size and Forecast, By Material
10.4.1.2. Market Size and Forecast, By End-Use
10.4.2. Japan
10.4.2.1. Market Size and Forecast, By Material
10.4.2.2. Market Size and Forecast, By End-Use
10.4.3. India
10.4.3.1. Market Size and Forecast, By Material
10.4.3.2. Market Size and Forecast, By End-Use
10.4.4. South Korea
10.4.4.1. Market Size and Forecast, By Material
10.4.4.2. Market Size and Forecast, By End-Use
10.4.5. Australia
10.4.5.1. Market Size and Forecast, By Material
10.4.5.2. Market Size and Forecast, By End-Use
10.4.6. New Zealand
10.4.6.1. Market Size and Forecast, By Material
10.4.6.2. Market Size and Forecast, By End-Use
10.4.7. Singapore
10.4.7.1. Market Size and Forecast, By Material
10.4.7.2. Market Size and Forecast, By End-Use
10.4.8. Malaysia
10.4.8.1. Market Size and Forecast, By Material
10.4.8.2. Market Size and Forecast, By End-Use
10.4.9. Rest of Asia
10.4.9.1. Market Size and Forecast, By Material
10.4.9.2. Market Size and Forecast, By End-Use
11. Latin America Shape Memory Polymer Market Analysis and Forecast (2023-2030)
11.1. Introduction
11.2. Latin America Shape Memory Polymer Market Share Analysis, By Material
11.3. Latin America Shape Memory Polymer Market Share Analysis, By End-Use
11.4. Latin America Shape Memory Polymer Market Size and Forecast, Country
11.4.1. Brazil
11.4.1.1. Market Size and Forecast, By Material
11.4.1.2. Market Size and Forecast, By End-Use
11.4.2. Argentina
11.4.2.1. Market Size and Forecast, By Material
11.4.2.2. Market Size and Forecast, By End-Use
11.4.3. Colombia
11.4.3.1. Market Size and Forecast, By Material
11.4.3.2. Market Size and Forecast, By End-Use
11.4.4. Peru
11.4.4.1. Market Size and Forecast, By Material
11.4.4.2. Market Size and Forecast, By End-Use
11.4.5. Chile
11.4.5.1. Market Size and Forecast, By Material
11.4.5.2. Market Size and Forecast, By End-Use
11.4.6. Venezuela
11.4.6.1. Market Size and Forecast, By Material
11.4.6.2. Market Size and Forecast, By End-Use
11.4.7. Rest of Latin America
11.4.7.1. Market Size and Forecast, By Material
11.4.7.2. Market Size and Forecast, By End-Use
12. Middle East Shape Memory Polymer Market Analysis and Forecast (2023-2030)
12.1. Introduction
12.2. Middle East Shape Memory Polymer Market Share Analysis, By Material
12.3. Middle East Shape Memory Polymer Market Size and Forecast, By End-Use
12.4. Middle East Shape Memory Polymer Market Size and Forecast, By Country
12.4.1. Saudi Arabia
12.4.1.1. Market Size and Forecast, By Material
12.4.1.2. Market Size and Forecast, By End-Use
12.4.2. UAE
12.4.2.1. Market Size and Forecast, By Material
12.4.2.2. Market Size and Forecast, By End-Use
12.4.3. Egypt
12.4.3.1. Market Size and Forecast, By Material
12.4.3.2. Market Size and Forecast, By End-Use
12.4.4. Kuwait
12.4.4.1. Market Size and Forecast, By Material
12.4.4.2. Market Size and Forecast, By End-Use
12.4.5. South Africa
12.4.5.1. Market Size and Forecast, By Material
12.4.5.2. Market Size and Forecast, By End-Use
12.4.6. Rest of Middle East & Africa
12.4.6.1. Market Size and Forecast, By Material
12.4.6.2. Market Size and Forecast, By End-Use
13. Competitive Analysis
13.1. Competition Dashboard
13.2. Market share Analysis of Top Vendors
13.3. Key Development Strategies
14. Company Profiles
14.1. Covestro AG.
14.1.1. Overview
14.1.2. Offerings
14.1.3. Key Financials
14.1.4. Business Segment & Geographic Overview
14.1.5. Key Market Developments
14.1.6. Key Strategies
14.2. SMP Technologies Inc.
14.2.1. Overview
14.2.2. Offerings
14.2.3. Key Financials
14.2.4. Business Segment & Geographic Overview
14.2.5. Key Market Developments
14.2.6. Key Strategies
14.3. Dupont De Nemours, Inc.
14.3.1. Overview
14.3.2. Offerings
14.3.3. Key Financials
14.3.4. Business Segment & Geographic Overview
14.3.5. Key Market Developments
14.3.6. Key Strategies
14.4. Natureworks LLC
14.4.1. Overview
14.4.2. Offerings
14.4.3. Key Financials
14.4.4. Business Segment & Geographic Overview
14.4.5. Key Market Developments
14.4.6. Key Strategies
14.5. Lubrizol Corporation.
14.5.1. Overview
14.5.2. Offerings
14.5.3. Key Financials
14.5.4. Business Segment & Geographic Overview
14.5.5. Key Market Developments
14.5.6. Key Strategies
14.6. Evonik Industries AG
14.6.1. Overview
14.6.2. Offerings
14.6.3. Key Financials
14.6.4. Business Segment & Geographic Overview
14.6.5. Key Market Developments
14.6.6. Key Strategies
14.7. Spintech, LLC.
14.7.1. Overview
14.7.2. Offerings
14.7.3. Key Financials
14.7.4. Business Segment & Geographic Overview
14.7.5. Key Market Developments
14.7.6. Key Strategies
14.8. Huntsman International LLC.
14.8.1. Overview
14.8.2. Offerings
14.8.3. Key Financials
14.8.4. Business Segment & Geographic Overview
14.8.5. Key Market Developments
14.8.6. Key Strategies
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