Market Overview:
The global shape-memory polymer market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for shape-memory polymers in various applications, such as aerospace, automotive, construction, healthcare and other applications (such as robotics and textile). In terms of type, the temperature-induced segment is expected to hold the largest share of the global shape-memory polymer market during the forecast period. This can be attributed to their ability to undergo a reversible change in shape upon exposure to a specific stimulus (such as heat), which makes them suitable for use in various end-use applications.
Product Definition:
Shape-memory polymer is a polymer that has the ability to remember its original shape and return to it after being deformed. This property can be used for a variety of applications, such as biomedical implants and self-healing materials.
Temperature-induced:
Shape memory polymers (SMPs) are materials that have the ability to change their physical properties such as stiffness, hardness, and temperature upon application of thermal stimuli. These materials can be re-oriented or reshaped when subjected to a change in temperature. SMPs are widely used in applications requiring high performance but limited service life such as automotive parts and surgical instruments due to their ability to regain original shape after being heated or cooled.
Light-induced:
Light-induced is a chemical process that occurs when light of the specific frequency is applied to the material. Light-induced polymerization (LIP) has been known to occur in several natural and synthetic polymers including styrene, acrylonitrile butadiene styrene (ABS), polyethylene, and nylon 6. LIP changes the mechanical properties of these materials by modifying their microstructure.
Application Insights:
The aerospace application segment accounted for the largest revenue share of over 30% in 2017. The product is widely used in aircraft components including landing gear doors, leading and trailing edge panels, spoilers, flaps & slats system among others. It is also used as a replacement for metal spring in several applications such as airbags and seating systems.
The automotive sector was one of the major consumers of SMMPs owing to its rising need for lightweight materials with high mechanical strength that can be restored to their original form after deformation or heating.
Regional Analysis:
North America dominated the global market in terms of revenue with a share of over 35.0% in 2017. This is attributed to the presence of major manufacturers such as Honeywell, Inc.; ITW Dynatec Corporation; and General Electric that are involved in research & development activities for manufacturing shape memory polymer products. The region is expected to witness considerable growth over the forecast period owing to increasing demand from various end-use industries such as aerospace, automotive, healthcare and others for designing efficient products that can be used across multiple applications with high efficiency and low cost.
The Asia Pacific regional market was valued at USD X million in 2017 and is projected to grow at a significant CAGR during the forecast period due to rapid industrialization along with growing infrastructure spending by governments on a domestic level coupled with an increase in international trade activities which will lead towards an increase product usage across numerous end-use industries including healthcare, construction, electronics among others.
Growth Factors:
- Increasing demand for lightweight and durable materials in automotive and aerospace industries
- Growing popularity of shape-memory polymers in medical implants and prosthetics
- Rising demand for smart textiles and self-healing materials
- Technological advancements in shape-memory polymer manufacturing processes
- Growing awareness about the benefits of shape-memory polymers among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Shape-Memory Polymer Market Research Report
By Type
Temperature-induced, Light-induced, Electricity-induced, Other (PH, Magnetic, etc.)
By Application
Aerospace, Automotive, Construction, Healthcare, Other (Robotics, Textile, etc.)
By Companies
BASF SE, Cornerstone Research Group, SINOPEC, Covestro, EndoShape, Evonik, MedShape, Mitsubishi, Spintech, Syzygy Memory Plastics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
234
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Shape-Memory Polymer Market Report Segments:
The global Shape-Memory Polymer market is segmented on the basis of:
Types
Temperature-induced, Light-induced, Electricity-induced, Other (PH, Magnetic, etc.)
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace, Automotive, Construction, Healthcare, Other (Robotics, Textile, etc.)
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF SE
- Cornerstone Research Group
- SINOPEC
- Covestro
- EndoShape
- Evonik
- MedShape
- Mitsubishi
- Spintech
- Syzygy Memory Plastics
Highlights of The Shape-Memory Polymer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Temperature-induced
- Light-induced
- Electricity-induced
- Other (PH, Magnetic, etc.)
- By Application:
- Aerospace
- Automotive
- Construction
- Healthcare
- Other (Robotics, Textile, etc.)
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Shape-Memory Polymer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Shape-memory polymers are materials that can be permanently changed in shape due to a change in temperature or pressure. This allows them to be used as actuators, sensors, and memory devices.
Some of the major players in the shape-memory polymer market are BASF SE, Cornerstone Research Group, SINOPEC, Covestro, EndoShape, Evonik, MedShape, Mitsubishi, Spintech, Syzygy Memory Plastics.
The shape-memory polymer market is expected to register a CAGR of 10.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Shape-Memory Polymer Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Shape-Memory Polymer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Shape-Memory Polymer Market - Supply Chain
4.5. Global Shape-Memory Polymer Market Forecast
4.5.1. Shape-Memory Polymer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Shape-Memory Polymer Market Size (000 Units) and Y-o-Y Growth
4.5.3. Shape-Memory Polymer Market Absolute $ Opportunity
5. Global Shape-Memory Polymer Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Shape-Memory Polymer Market Size and Volume Forecast by Type
5.3.1. Temperature-induced
5.3.2. Light-induced
5.3.3. Electricity-induced
5.3.4. Other (PH, Magnetic, etc.)
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Shape-Memory Polymer Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Shape-Memory Polymer Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Automotive
6.3.3. Construction
6.3.4. Healthcare
6.3.5. Other (Robotics, Textile, etc.)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Shape-Memory Polymer Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Shape-Memory Polymer Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Shape-Memory Polymer Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Shape-Memory Polymer Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Shape-Memory Polymer Demand Share Forecast, 2019-2029
9. North America Shape-Memory Polymer Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Shape-Memory Polymer Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Shape-Memory Polymer Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Automotive
9.4.3. Construction
9.4.4. Healthcare
9.4.5. Other (Robotics, Textile, etc.)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Shape-Memory Polymer Market Size and Volume Forecast by Type
9.7.1. Temperature-induced
9.7.2. Light-induced
9.7.3. Electricity-induced
9.7.4. Other (PH, Magnetic, etc.)
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Shape-Memory Polymer Demand Share Forecast, 2019-2029
10. Latin America Shape-Memory Polymer Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Shape-Memory Polymer Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Shape-Memory Polymer Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Automotive
10.4.3. Construction
10.4.4. Healthcare
10.4.5. Other (Robotics, Textile, etc.)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Shape-Memory Polymer Market Size and Volume Forecast by Type
10.7.1. Temperature-induced
10.7.2. Light-induced
10.7.3. Electricity-induced
10.7.4. Other (PH, Magnetic, etc.)
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Shape-Memory Polymer Demand Share Forecast, 2019-2029
11. Europe Shape-Memory Polymer Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Shape-Memory Polymer Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Shape-Memory Polymer Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Automotive
11.4.3. Construction
11.4.4. Healthcare
11.4.5. Other (Robotics, Textile, etc.)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Shape-Memory Polymer Market Size and Volume Forecast by Type
11.7.1. Temperature-induced
11.7.2. Light-induced
11.7.3. Electricity-inducd
11.7.4. Other (PH, Magnetic, etc.)
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Shape-Memory Polymer Demand Share, 2019-2029
12. Asia Pacific Shape-Memory Polymer Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Shape-Memory Polymer Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Shape-Memory Polymer Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Automotive
12.4.3. Construction
12.4.4. Healthcare
12.4.5. Other (Robotics, Textile, etc.)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Shape-Memory Polymer Market Size and Volume Forecast by Type
12.7.1. Temperature-induced
12.7.2. Light-induced
12.7.3. Electricity-induced
12.7.4. Other (PH, Magnetic, etc.)
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Shape-Memory Polymer Demand Share, 2019-2029
13. Middle East & Africa Shape-Memory Polymer Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Shape-Memory Polymer Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Shape-Memory Polymer Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Automotive
13.4.3. Construction
13.4.4. Healthcare
13.4.5. Other (Robotics, Textile, etc.)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Shape-Memory Polymer Market Size and Volume Forecast by Type
13.7.1. Temperature-induced
13.7.2. Light-induced
13.7.3. Electricity-induced
13.7.4. Other (PH, Magnetic, etc.)
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Shape-Memory Polymer Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Shape-Memory Polymer Market: Market Share Analysis
14.2. Shape-Memory Polymer Distributors and Customers
14.3. Shape-Memory Polymer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF SE
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Cornerstone Research Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. SINOPEC
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Covestro
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. EndoShape
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Evonik
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. MedShape
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Mitsubishi
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Spintech
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Syzygy Memory Plastics
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
