Shape Memory Polymer Market Report

Market Insights

Shape memory polymer market is likely to witness a significant CAGR of 24.5% during the forecast period. The prime factor contributing to the demand for shape memory polymers is the increasing demand from the biomedical industry. Being non-toxic, biocompatible, and non-mutagenic they are used in clinical devices that are inserted to human body. They are also used to manufacture catheter, orthopedic braces, splints, intravenous cannula, surgical cast, surgical sutures, and stents.

Segments' Analysis

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Shape Memory Polymer Market Share: By Material Type

Based on the material type, the market is segmented as polyurethane, polyvinyl chloride, acrylic, epoxy, and others. Polyurethane to remain the largest material type during the forecast period with extensive usage in biomedical application. Other materials include PEEK, polyethylene, bio-PDO, etc.

Shape Memory Polymer Market Share: By Application Type

Based on the application type, the market is segmented as research & development and commercial. Research & development to dominate the market during the forecast period, whereas commercial application to register the fastest growth with the commercialization of materials under development.

Shape Memory Polymer Market Share: By End-Use Industry Type

Based on the end-use industry type, the market is segmented as biomedical, automotive, aerospace, textile, and others. Biomedical to remain the dominant end-use industry during the forecast period. Shape memory polymers are used in automotive industry for manufacturing actuators and automatic chokes for engines. They are also used as protective covers for automotive assembly lines and damping materials.

Shape Memory Polymer Market Share: By Region

In terms of regions, North America is estimated to be the largest shape memory polymer market during the forecast period. The region has a larger number of manufacturers, researchers and filed patents. Asia-Pacific to depict gradual adoption of shape memory polymers in China and South Korea’s biomedical device manufacturing industry.

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Market Scope & Segmentation

Shape memory polymer is a polymeric smart material that can return to its original permanent state when subjected to external stimulus such as magnetic field, light, temperature, electricity, and chemical external. It possesses properties such as light weight, low density, good shape recovery, and ease of processing.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The shape memory polymer market is segmented into the following categories. 

Shape Memory Polymer Market Size, Share, & Forecast, by Material Type:

• Polyurethane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Polyvinyl Chloride (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Acrylic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Epoxy (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Shape Memory Polymer Market Size, Share, & Forecast, by Application Type:

• Research & Development (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Shape Memory Polymer Market Size, Share, & Forecast, by End-Use Industry Type:

• Biomedical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Automotive (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Aerospace (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Textile (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Shape Memory Polymer Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

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Key Players

Some of the major shape memory polymer manufacturers are-

• Asahi Kasei Corporation
• Composite Technology Development Inc.
• Cornerstone Research Group
• DowDuPont Inc.
• EndoShape
• Lubrizol MedShape, Inc.
• Nanoshel LLC
• Shape Memory Medical Inc.
• SMP Technologies Inc.
• Others

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the material type by end-use industry.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com