Smart Polymers Market Size To Reach $17.76 Billion By 2030

Smart Polymers Market Growth & Trends

The global smart polymers market size is expected to reach USD 17.76 billion by 2030, according to a new report by Grand View Research, Inc. It is projected to register a CAGR of 4.5% from 2024 to 2030. Smart polymers are used widely in the biomedical & biotechnology sector for drug delivery systems, tissue engineering, bioseparation, and biocatalyst.

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.

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Smart Polymers Market Report Highlights

• The physical stimuli responsive polymers segment dominated the market and accounted for a revenue share of 39.7% in 2023.

• The biotechnology & medicine segment accounted for the largest market revenue share in 2023. Smart polymers are increasingly used in medical devices and implants due to their ability to provide dynamic responses to physiological changes.

• The automotive segment is expected to witness the fastest CAGR over the forecast period. Smart polymers are used to enhance the performance and durability of automotive components.

• North America smart polymers market is expected to witness significant growth over the forecast period.

Smart Polymers Market Segmentation

Grand View Research has segmented the global smart polymers market on the basis of type, end use, and region:

Smart Polymers Type Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 - 2030)

• Physical Stimuli responsive Polymers

• Chemical Stimuli responsive Polymers

• Biological Stimuli Responsive Polymers

• Other Types

Smart Polymers End Use Outlook (Volume, Kilo Tons; Revenue USD Million, 2018 - 2030)

• Biotechnology & Medicine

• Textile

• Automotive

• Electrical & Electronics

• Others End-Uses

Smart Polymers Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • The Netherlands

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Thailand

  • Indonesia

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • South Arabia

  • UAE

List of Key Players of Smart Polymers Market

• The Lubrizol Corporation

• BASF SE

• Covestro AG

• Huntsman International LLC.

• DuPont

• Evonik Industries AG

• SMP Technologies Inc.

• Merck KGaA

• Akina, Inc.

• Autonomic Materials

• NIPPON SHOKUBAI CO., LTD.