Shape Memory Polymer Market Size, Share and Industry Analysis Report by Material, Application and End-user, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022

Description

List of Tables

The shape memory polymer market is speculated to exhibit robust growth by 2030 owing to increasing product demand in the aerospace and automotive industries. In addition, the expanding biomedical industry is likely to further foster market growth over the forecast period.

As shape memory polymers can return to their original shape from deformation caused by exposure to external conditions like changes in temperature and light, they are extensively used in industrial and medical sectors. Notably, widespread adoption of SMPs for actuators and dampeners in aerospace and automotive applications has accelerated research and development for shape memory polymer products.

For instance, in May 2022, a team at the Center for Composite Materials and Structures, Harbin Institute of Technology, conducted a study on 4D printing of shape memory polymer and its nanocomposites to verify the biocompatibility of these materials. The research findings concluded that the 4D printed multiple-SMPs with simultaneously magnetic- and thermo-responsive shape-changing ability showcased superior biocompatibility.

Moreover, key participants in the shape memory polymer market have been actively engaging in product innovation and development, and effective expansion strategies to elevate their market presence. To cite an instance, in March 2021, Shape Memory Medical, Inc., a medical device company, received approval for IMPEDE-FX Embolization Plug from Japan's Pharmaceutical and Medical Devices Agency (PMDA) to market the product in the country.

The shape memory polymer market has been bifurcated in terms of material, end-user, application, and region.

On the basis of application, the industry has been divided into commercial and R&D. The commercial segment is slated to witness substantial growth at about 30% CAGR through the assessment timeframe attributed to innovation in product lines by manufacturers and growing commercialization rates of SMP-based products across the globe.

From the material point of reference, the shape memory polymer market has been categorized into epoxy, polyurethane, acrylic, polyvinyl chloride, and others. The acrylic segment is primed to depict a CAGR of over 25% through the analysis period. The beneficial qualities of acrylic SMPs, such as clarity, resistance, and dimensional stability, are likely to augment the acrylic segment's growth. The epoxy segment is foreseen to exhibit solid development over the study timespan. These materials have excellent biocompatibility, which is poised to push the adoption of epoxy SMPs in the biomedical sector.

The shape memory polymer industry has been segregated with regards to end-user into textile, biomedical, aerospace, automotive, and others. The aerospace segment holds a major position in the market and accounted for around 9.5% of the overall market value in 2021. Likewise, the others segment also contributes significantly to the overall market and held more than 5.6% revenue share in 2021.

In the regional framework, the Europe shape memory polymer market accounted for approximately 25% market share in 2021 and is contemplated to progress at a stable pace over the forthcoming years.

Product Code: 3355

Chapter 1 Methodology & Scope

1.1 Scope & definitions
1.2 Methodology & forecast parameters
1.3 Region-wise COVID-19 impact analysis
- 1.3.1 North America
- 1.3.2 Europe
- 1.3.3 Asia Pacific
- 1.3.4 Latin America
- 1.3.5 Middle East & Africa
1.4 Regional trends
1.5 Data Sources
- 1.5.1 Secondary
- 1.5.2 Primary

Chapter 2 Executive Summary

2.1 Shape memory polymer industry 360 degree synopsis, 2018 - 2030
- 2.1.1 Business trends
- 2.1.2 Material trends
- 2.1.3 Application by end-user trends
- 2.1.4 End-user trends
- 2.1.5 Regional trends

Chapter 3 Shape Memory Polymer Industry Insights

3.1 Introduction
3.2 Industry size and forecast
3.3 Industry ecosystem analysis
- 3.3.1 Profit margin analysis
- 3.3.2 Value addition at each stage
- 3.3.3 Distributor channel analysis
- 3.3.4 Value chain disruption due to COVID-19
- 3.3.5 Vendor matrix
  - 3.3.5.1 List of raw material providers
  - 3.3.5.2 List of key manufacturers/suppliers
  - 3.3.5.3 List of key end-users
3.4 Raw material analysis
- 3.4.1 Polyurethane
- 3.4.2 Acrylic
- 3.4.3 Epoxy
3.5 Innovation & sustainability
- 3.5.1 Patent analysis
- 3.5.2 Technology landscape
- 3.5.3 Future trends
3.6 Life cycle analysis
- 3.6.1 Introduction
- 3.6.2 Growth
- 3.6.3 Maturity
- 3.6.4 Decline
3.7 Industry impact forces
- 3.7.1 Growth drivers
  - 3.7.1.1 Potential applications of SMPs in the biomedical industry
  - 3.7.1.2 Increasing SMP demand in the automotive and aerospace sector
  - 3.7.1.3 Potential SMP application in construction industry
- 3.7.2 Industry pitfalls & challenges
  - 3.7.2.1 High level of technological know-how required for SMP production
3.8 Regulatory landscape
- 3.8.1 U.S.
- 3.8.2 Europe
- 3.8.3 China
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Threat of new entrant
- 3.10.2 Supplier power
- 3.10.3 Buyer power
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 Cost structure analysis
- 3.11.1 R&D cost
- 3.11.2 Manufacturing & equipment
- 3.11.3 Raw material cost
- 3.11.4 Distribution cost
- 3.11.5 Operating cost
- 3.11.6 Miscellaneous cost
3.12 PESTEL analysis

Chapter 4 Competitive Landscape, 2021

4.1 Introduction
4.2 Market share analysis, 2021

Chapter 5 Shape Memory Polymer Market, By Material

5.1 Shape memory polymer market share, application by end-user, 2021 & 2030
5.2 Polyurethane
- 5.2.1 Market estimates and forecast, 2018 - 2030
5.3 Polyvinyl Chloride
- 5.3.1 Market estimates and forecast, 2018 - 2030
5.4 Acrylic
- 5.4.1 Market estimates and forecast, 2018 - 2030
5.5 Epoxy
- 5.5.1 Market estimates and forecast, 2018 - 2030
5.6 Others
- 5.6.1 Market estimates and forecast, 2018 - 2030

Chapter 6 Shape Memory Polymer Market, Application By End-user

6.1 Shape memory polymer market share, application by end-user, 2021 & 2030
6.2 R&D
- 6.2.1 Market estimates and forecast, 2018 - 2030
- 6.2.2 Market estimates and forecast, by end-user 2018 - 2030
6.3 Commercial
- 6.3.1 Market estimates and forecast, 2018 - 2030
- 6.3.2 Market estimates and forecast, by end-user 2018 - 2030

Chapter 7 Shape Memory Polymer Market, By End-User

7.1 Shape memory polymer market share, by end-user, 2021 & 2030
7.2 Biomedical
- 7.2.1 Market estimates and forecast, 2018 - 2030
7.3 Aerospace
- 7.3.1 Market estimates and forecast, 2018 - 2030
7.4 Automotive
- 7.4.1 Market estimates and forecast, 2018 - 2030
7.5 Textile
- 7.5.1 Market estimates and forecast, 2018 - 2030
7.6 Others
- 7.6.1 Market estimates and forecast, 2018 - 2030

Chapter 8 Shape Memory Polymer Market, By Region

8.1 Shape memory polymer market share, by region, 2021 & 2030
8.2 North America
- 8.2.1 Market estimates and forecast, 2018 - 2030
- 8.2.2 Market estimates and forecast, by material, 2018 - 2030
- 8.2.3 Market estimates and forecast, application by end-user, 2018 - 2030
- 8.2.4 Market estimates and forecast, by end-user, 2018 - 2030
- 8.2.5 U.S.
  - 8.2.5.1 Market estimates and forecast, 2018 - 2030
  - 8.2.5.2 Market estimates and forecast, by material, 2018 - 2030
  - 8.2.5.3 Market estimates and forecast, application by end-user, 2018 - 2030
  - 8.2.5.4 Market estimates and forecast, by end-user, 2018 - 2030
- 8.2.6 Canada
  - 8.2.6.1 Market estimates and forecast, 2018 - 2030
  - 8.2.6.2 Market estimates and forecast, by material, 2018 - 2030
  - 8.2.6.3 Market estimates and forecast, application by end-user, 2018 - 2030
  - 8.2.6.4 Market estimates and forecast, by end-user, 2018 - 2030
8.3 Europe
- 8.3.1 Market estimates and forecast, 2018 - 2030
- 8.3.2 Market estimates and forecast, by material, 2018 - 2030
- 8.3.3 Market estimates and forecast, application by end-user, 2018 - 2030
- 8.3.4 Market estimates and forecast, by end-user, 2018 - 2030
- 8.3.5 UK
  - 8.3.5.1 Market estimates and forecast, 2018 - 2030
  - 8.3.5.2 Market estimates and forecast, by material, 2018 - 2030
  - 8.3.5.3 Market estimates and forecast, application by end-user, 2018 - 2030
  - 8.3.5.4 Market estimates and forecast, by end-user, 2018 - 2030
- 8.3.6 Germany
  - 8.3.6.1 Market estimates and forecast, 2018 - 2030
  - 8.3.6.2 Market estimates and forecast, by material, 2018 - 2030
  - 8.3.6.3 Market estimates and forecast, application by end-user, 2018 - 2030
  - 8.3.6.4 Market estimates and forecast, by end-user, 2018 - 2030
- 8.3.7 France
  - 8.3.7.1 Market estimates and forecast, 2018 - 2030
  - 8.3.7.2 Market estimates and forecast, by material, 2018 - 2030
  - 8.3.7.3 Market estimates and forecast, application by end-user, 2018 - 2030
  - 8.3.7.4 Market estimates and forecast, by end-user, 2018 - 2030
8.4 Asia Pacific
- 8.4.1 Market estimates and forecast, 2018 - 2030
- 8.4.2 Market estimates and forecast, by material, 2018 - 2030
- 8.4.3 Market estimates and forecast, application by end-user, 2018 - 2030
- 8.4.4 Market estimates and forecast, by end-user, 2018 - 2030
- 8.4.5 China
  - 8.4.5.1 Market estimates and forecast, 2018 - 2030
  - 8.4.5.2 Market estimates and forecast, by material, 2018 - 2030
  - 8.4.5.3 Market estimates and forecast, application by end-user, 2018 - 2030
  - 8.4.5.4 Market estimates and forecast, by end-user, 2018 - 2030
- 8.4.6 India
  - 8.4.6.1 Market estimates and forecast, 2018 - 2030
  - 8.4.6.2 Market estimates and forecast, application by end-user, 2018 - 2030
  - 8.4.6.3 Market estimates and forecast, by end-user, 2018 - 2030
- 8.4.7 Japan
  - 8.4.7.1 Market estimates and forecast, 2018 - 2030
  - 8.4.7.2 Market estimates and forecast, by material, 2018 - 2030
  - 8.4.7.3 Market estimates and forecast, application by end-user, 2018 - 2030
  - 8.4.7.4 Market estimates and forecast, by end-user, 2018 - 2030
- 8.4.8 South Korea
  - 8.4.8.1 Market estimates and forecast, 2018 - 2030
  - 8.4.8.2 Market estimates and forecast, by material, 2018 - 2030
  - 8.4.8.3 Market estimates and forecast, application by end-user, 2018 - 2030
  - 8.4.8.4 Market estimates and forecast, by end-user, 2018 - 2030
- 8.4.9 Taiwan
  - 8.4.9.1 Market estimates and forecast, 2018 - 2030
  - 8.4.9.2 Market estimates and forecast, by material, 2018 - 2030
  - 8.4.9.3 Market estimates and forecast, application by end-user, 2018 - 2030
  - 8.4.9.4 Market estimates and forecast, by end-user, 2018 - 2030
8.5 Latin America
- 8.5.1 Market estimates and forecast, 2018 - 2030
- 8.5.2 Market estimates and forecast, by material, 2018 - 2030
- 8.5.3 Market estimates and forecast, application by end-user, 2018 - 2030
- 8.5.4 Market estimates and forecast, by end-user, 2018 - 2030
- 8.5.5 Brazil
  - 8.5.5.1 Market estimates and forecast, 2018 - 2030
  - 8.5.5.2 Market estimates and forecast, by material, 2018 - 2030
  - 8.5.5.3 Market estimates and forecast, application by end-user, 2018 - 2030
  - 8.5.5.4 Market estimates and forecast, by end-user, 2018 - 2030
- 8.5.6 Mexico
  - 8.5.6.1 Market estimates and forecast, 2018 - 2030
  - 8.5.6.2 Market estimates and forecast, by material, 2018 - 2030
  - 8.5.6.3 Market estimates and forecast, application by end-user, 2018 - 2030
  - 8.5.6.4 Market estimates and forecast, by end-user, 2018 - 2030
8.6 MEA
- 8.6.1 Market estimates and forecast, 2018 - 2030
- 8.6.2 Market estimates and forecast, by material, 2018 - 2030
- 8.6.3 Market estimates and forecast, application by end-user, 2018 - 2030
- 8.6.4 Market estimates and forecast, by end-user, 2018 - 2030
- 8.6.5 Saudi Arabia
  - 8.6.5.1 Market estimates and forecast, 2018 - 2030
  - 8.6.5.2 Market estimates and forecast, by material, 2018 - 2030
  - 8.6.5.3 Market estimates and forecast, application by end-user, 2018 - 2030
  - 8.6.5.4 Market estimates and forecast, by end-user, 2018 - 2030
- 8.6.6 Israel
  - 8.6.6.1 Market estimates and forecast, 2018 - 2030
  - 8.6.6.2 Market estimates and forecast, by material, 2018 - 2030
  - 8.6.6.3 Market estimates and forecast, application by end-user, 2018 - 2030
  - 8.6.6.4 Market estimates and forecast, by end-user, 2018 - 2030

Chapter 9 Company Profiles

9.1 Nanoshel LLC
- 9.1.1 Business Overview
- 9.1.2 Financial Data
- 9.1.3 Material Landscape
- 9.1.4 Go-to-Market Strategy
- 9.1.5 SWOT Analysis
9.2 SMP Technologies Inc.
- 9.2.1 Business Overview
- 9.2.2 Financial Data
- 9.2.3 Material Landscape
- 9.2.4 Go-to-Market Strategy
- 9.2.5 SWOT Analysis
9.3 Asahi Kasei Corporation
- 9.3.1 Business Overview
- 9.3.2 Financial Data
- 9.3.3 Material Landscape
- 9.3.4 Go-to-Market Strategy
- 9.3.5 SWOT Analysis
9.4 Composite Technology Development, Inc.
- 9.4.1 Business Overview
- 9.4.2 Financial Data
- 9.4.3 Material Landscape
- 9.4.4 Go-to-Market Strategy
- 9.4.5 SWOT Analysis
9.5 Cornerstone Research Group (CRG)
- 9.5.1 Business Overview
- 9.5.2 Financial Data
- 9.5.3 Material Landscape
- 9.5.4 Go-to-Market Strategy
- 9.5.5 SWOT Analysis
9.6 MedShape, Inc.
- 9.6.1 Business Overview
- 9.6.2 Financial Data
- 9.6.3 Material Landscape
- 9.6.4 Go-to-Market Strategy
- 9.6.5 SWOT Analysis
9.7 Shape Memory Medical Inc.
- 9.7.1 Business Overview
- 9.7.2 Financial Data
- 9.7.3 Material Landscape
- 9.7.4 Go-to-Market Strategy
- 9.7.5 SWOT Analysis
9.8 EndoShape
- 9.8.1 Business Overview
- 9.8.2 Financial Data
- 9.8.3 Material Landscape
- 9.8.4 Go-to-Market Strategy
- 9.8.5 SWOT Analysis
9.9 DowDuPont Inc.
- 9.9.1 Business Overview
- 9.9.2 Financial Data
- 9.9.3 Material Landscape
- 9.9.4 Go-to-Market Strategy
- 9.9.5 SWOT Analysis
9.10 Lubrizol
- 9.10.1 Business Overview
- 9.10.2 Financial Data
- 9.10.3 Material Landscape
- 9.10.4 Go-to-Market Strategy
- 9.10.5 SWOT Analysis
9.11 Covestro AG
- 9.11.1 Business Overview
- 9.11.2 Financial Data
- 9.11.3 Material Landscape
- 9.11.4 Go-to-Market Strategy
- 9.11.5 SWOT Analysis
9.12 Guangzhou Manborui Materials Technology Co., Ltd.
- 9.12.1 Business Overview
- 9.12.2 Financial Data
- 9.12.3 Material Landscape
- 9.12.4 Go-to-Market Strategy
- 9.12.5 SWOT Analysis