Smart Polymers Market Is Poised To Achieve Continuing Growth During Forecast Period 2014 - 2025

These kinds of materials are sensitive to several factors like intensity of light, temperature, magnetic or electrical field, wavelength, humidity, and pH. These polymers are representing promising means for gene therapy, targeted drug delivery, actuator stimuli and protein folders, and enhanced drug delivery. Increasing need for effective drug delivery systems, rising demand from drug delivery and automotive sectors, and enhancement of smart textiles are documented as the major factors estimated to enhance the growth in the years to come. However, high cost of product may restrain the overall market in the near future. Smart Polymers Market is segmented based on type, end user, and region.

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Biological Stimuli Responsive Polymers, Physical Stimuli Responsive Polymers, and Chemical Stimuli Responsive Polymers are the types that could be explored in Smart Polymers and are estimated to lead the overall market in the upcoming period. Biological stimuli responsive polymers sector comprises self-healing polymers and enzymes-responsive polymers. Physical stimuli responsive polymers comprise electroactive & magnetically thermo-responsive polymers, pressure-responsive polymers, and photo-responsive polymers. On the other hand, chemical stimuli responsive polymers comprise pH-responsive polymers. Physical Stimuli Responsive Polymers sector accounted for the substantial market share of Smart Polymers in 2016 and is estimated to lead the overall market in future.

The market may be categorized based on end users like automotive, biomedical & biotechnology, electrical & electronics, textiles, and others. The other sector comprises aerospace & defense, food packaging, consumer goods, and footwear. The biomedical & biotechnology sector accounted for the substantial market share of Smart Polymers in 2016 and is estimated to lead the overall market in the upcoming period. This may be due to phase separation process and manufacturing of effective drug delivery systems.

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