Smart Polymers Market Challenges and Key Players by 2030

𝐒𝐦𝐚𝐫𝐭 𝐏𝐨𝐥𝐲𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧

The global smart polymers market was valued at US$ 6.53 Bn in 2019 and is anticipated to expand at a CAGR of 14% during the forecast period. In terms of type, the physical stimuli segment accounted for the major share of the global smart polymers market in 2019. The increase in demand for polymers that are highly sensitive to change in temperature, electric potential, ultrasound, UV radiation, and magnetic field is a major factor driving the physical stimuli segment of the global smart polymers market. In terms of application, the biomedical & biotechnology segment held a significant share of the global smart polymers market in 2019. Technological innovation in the biomedical field is a prominent factor driving the biomedical & biotechnology segment of the global smart polymers market.

𝐆𝐞𝐭 𝐏𝐃𝐅 𝐬𝐚𝐦𝐩𝐥𝐞 𝐟𝐨𝐫 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐢𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐛𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=19676

𝐌𝐚𝐣𝐨𝐫 𝐃𝐫𝐢𝐯𝐞𝐫𝐬 𝐨𝐟 𝐒𝐦𝐚𝐫𝐭 𝐏𝐨𝐥𝐲𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The demand for novel drug delivery systems has been increasing significantly due to the prohibitive cost of developing new drug entities, expiration of existing international patents, discovery of new polymeric materials suitable for prolonging the drug release, and improvement in therapeutic efficiency. Traditionally, drugs have been encapsulated using lactic acid polymers. However, of late, lattice-like matrices have been employed to hold the drug of interest by integrating or trapping it between polymer strands. Smart polymers are gaining traction in drug delivery systems due to modulated or pulsating drug release pattern to mimic the biological demand. These operate fully automatically, without the need of additional sensors, transducers, switches, or pumps.

𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=19676

Smart polymers are inexpensive, reduce dosing frequency, lower side effects, and provide improved stability. These properties of smart polymers are boosting their adoption in drug delivery systems. Thus, increase in demand for novel drug delivery system is likely to create opportunities for the global smart polymers market during the forecast period.

𝐊𝐞𝐲 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩𝐬 𝐚𝐧𝐝 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐬 𝐢𝐧 𝐒𝐦𝐚𝐫𝐭 𝐏𝐨𝐥𝐲𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

In August 2020, BASF SE announced that it had signed an agreement to acquire Solvay's polyamide business. The acquisition of Solvay's polyamide business is estimated to enable BASF to enhance its R&D capabilities in Asia Pacific with new technologies, technical expertise, and upgraded material and part testing services. BASF SE plans to integrate the R&D centers from Solvay into its existing R&D facilities in Shanghai, China, and Seoul, South Korea. Enhanced capabilities are anticipated to consolidate BASF SE's position as a solution provider to develop advanced material solutions for key industries.

𝐕𝐢𝐞𝐰 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 @ https://www.transparencymarketresearch.com/smart-polymers-market.html

𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐋𝐞𝐚𝐝𝐬 𝐒𝐦𝐚𝐫𝐭 𝐏𝐨𝐥𝐲𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

North America dominated the global smart polymers market in 2019. The U.S. dominated the smart polymers market in North America in 2019. The dominance of the U.S. in the smart polymers market in the region can be ascribed to the surge in demand for stimuli responsive materials in several end-use industries such as biotechnology, electronic, and automotive. The smart polymers market in Asia Pacific is anticipated to expand during the forecast period. China is the leading country in Asia Pacific in terms of consumption of stimuli-responsive polymers. The growth in consumption of smart polymers in China can be ascribed to the increase in focus on adoption of biodegradable packaging materials in the country.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 @ https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=19676

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞 𝐨𝐟 𝐒𝐦𝐚𝐫𝐭 𝐏𝐨𝐥𝐲𝐦𝐞𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭

The global smart polymers market is dominated by several local and national players. Thus, the smart polymers market is fragmented. Prominent players operating in the global smart polymers market include BASF SE, The Lubrizol Corporation, Evonik Industries AG, Croda International plc., Clariant AG, Covestro AG, Spintech Holdings Inc., Airex AG, Nanoshel LLC, MedShape, Inc, Autonomic Materials, Inc., and SMP Technologies Inc.

𝐀𝐛𝐨𝐮𝐭 𝐓𝐫𝐚𝐧𝐬𝐩𝐚𝐫𝐞𝐧𝐜𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭:

Nikhil Sawlani
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