Increasing Adoption of Smart Polymers in the Automotive and Drug Delivery Sectors to Drive the Global Smart Polymers Market

Sep 28, 2016, 04:30 ET from Mordor Intelligence

HYDERABAD, India, September 28, 2016 /PRNewswire/ --

Mordor Intelligence announces the publication of their research report on the smart polymers market. The report titled, "Global Smart Polymers Market - Segmented by Type, Application, and Geography - Trends and Forecasts," discusses the current landscape and outlook of the said market.

The global smart polymers market was valued at USD 881.66 million in 2015, and is projected to reach USD 2,948.81 million by 2021, at a CAGR of 22.29%, during the forecast period 2016-2021.

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Our report on smart polymers is segmented as follows:

  • By Type
    • Physical stimuli-responsive
    • Chemical stimuli-responsive
    • Biological stimuli-responsive
    • Self-healing polymers
  • By Applications
    • Bioseparation
    • Biocatalysts
    • Drug Delivery
    • Tissue Engineering
    • Medical Devices
    • Food Packaging
    • Textile
    • Optical Data Storage
    • Automotive
    • Others
  • By Region
    • Asia-Pacific
    • North America
    • Europe
    • Rest of the World

In 2015, the physical stimuli-responsive polymers were the largest type segment accounting for over 41% of the market share with shape memory polymers being the major sub-segment. In terms of application, automotive was the largest segment with a market share of about 24% of the global market in 2015. By region, the Asia-Pacific market is expected to be the fastest growing market due to the increasing applications in developing economies.

Some of the key market players profiled in the report include: Akzo Nobel, Covestro AG, The Dow Chemical Company, SABIC, DuPont among others.

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SOURCE Mordor Intelligence