Global Shape Memory Polymer Market Size & Outlook
Global shape memory polymer market, 2018-2030 (US$M)
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Global shape memory polymer market highlights
- The global shape memory polymer market generated a revenue of USD 1,098.2 million in 2023 and is expected to reach USD 4,771.5 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 23.4% by 2030.
- In terms of segment, polyurethane (pu) accounted for a revenue of USD 643.0 million in 2023.
- Polyurethane (PU) is the most lucrative material segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,098.2 million |
| Market revenue in 2030 | USD 4,771.5 million |
| Growth rate | 23.4% (CAGR from 2023 to 2030) |
| Largest segment | Polyurethane (pu) |
| Fastest growing segment | Polyurethane (PU) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polyurethane (PU), Epoxy, Polylactide (PLA) |
Other key industry trends
- In terms of revenue, the North America accounted for 30.3% of the global shape memory polymer market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, South Africa is the fastest growing regional market and is projected to reach USD 17.4 million by 2030.
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Shape Memory Polymer Market Scope
Shape Memory Polymer Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Spintech | View profile | 11-50 | Miamisburg, Ohio, United States, North America | https://www.spintechinc.com/ |
| SMP | View profile | 51-100 | Sturgis, Michigan, United States, North America | https://www.smpco.com/ |
| DuPont de Nemours, Inc. | View profile | - | - | - |
| Huntsman International LLC | View profile | - | - | - |
| NatureWorks | View profile | 501-1000 | Minnetonka, Minnesota, United States, North America | http://www.natureworksllc.com |
| The Lubrizol Corp | View profile | 5001-10000 | Wickliffe, Ohio, United States, North America | http://www.lubrizol.com/ |
| Covestro AG | View profile | 17520 | Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 | https://www.covestro.com/en |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
Global shape memory polymer market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to shape memory polymer market will help companies and investors design strategic landscapes.
Polyurethane (pu) was the largest segment with a revenue share of 58.55% in 2023. Horizon Databook has segmented the Global shape memory polymer market based on polyurethane (pu), epoxy, polylactide (pla) covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Shape Memory Polymer Material Outlook (Revenue, USD Million, 2018-2030)
- Polyurethane (PU)
- Epoxy
- Polylactide (PLA)
- Others
- Global Shape Memory Polymer End Use Outlook (Revenue, USD Million, 2018-2030)
- Medical
- Automotive
- Textile
- Aerospace
- Construction
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global shape memory polymer market , including forecasts for subscribers. This global databook contains high-level insights into Global shape memory polymer market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global shape memory polymer market size, by regions, 2018-2030 (US$M)
Top 10 countries: Shape memory polymer market size, 2023 (US$M)
Global shape memory polymer market share, by material, 2023 & 2030 (%, US$M)
Shape memory polymer market: Opportunity assessment by country
Global shape memory polymer market, by region, 2023 (US$M)
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