Shape Memory Polymer Market Growth Factors, Latest Trend And Regional Analysis Of Leading Players By 2025
Category: #headlines  By Partha Ray  Date: 2019-09-12
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Shape Memory Polymer Market Growth Factors, Latest Trend And Regional Analysis Of Leading Players By 2025

Global Market Insights, Inc. has launched a report on Shape Memory Polymer Market that elucidates an in-depth synopsis of this business vertical over the forecast period. The report is inclusive of the prominent industry drivers and provides an accurate analysis of the key growth trends and market outlook in the years to come in addition to the competitive hierarchy of this sphere.

Having gathered the attention of several academic and industrial researchers over the past few years, shape memory polymer market is expected to emerge as a prominent investment avenue for global manufacturers. The material holds the potential to bring fundamental transformation to a number of high-revenue industrial sectors. Shape-memory polymers (SMPs) are essentially stimuli-responsive materials that can be molded into other permanent shapes with relative ease, however, when exposed to an external stimulus, are capable of reverting back to their original shape.

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SMP based textiles are commonly used to make SI suits for sailors deployed at sea. These SMP suits are even capable of adapting to temperature fluctuations and maintaining the wearers body temperature at a stable level. Over the forthcoming years, this application could enable shape memory polymer market size to increase substantially from the global textile industry, especially from the continuous increase in ocean travel and exploration activities.

SMPs are gradually finding vital applications in the field of biomedicine, where the material could play a role in innovating technology for future healthcare services, further diversifying the revenue stream for shape memory polymer market. SMPs are already being used to manufacture sutures for use in surgeries that involve stitches inside the patient’s body. Previously patients had to undergo secondary surgery to remove these internal stitches, whereas bio-compatible materials have now rendered the need for another surgical procedure unnecessary.

Aerospace sector is emerging as a promising application segment to raise the global Shape Memory Polymer Market size due to highly suitable properties of the material that meet the challenging requirements of aircraft and spacecrafts. In fact, NASA Langley Research Center is actively conducting research and development to enhance the adhesive strength between metal alloys and shape memory polymer composites (SMPCs) to develop adaptive wing structures, smart medical devices and intelligent armors.

Browse Complete Summary of this report @ https://www.gminsights.com/industry-analysis/shape-memory-polymer-market

In 2018, NASA started an initiative that aims to mitigate the issue of acoustic emissions that are produced by jet engines. The aviation industry’s initial solution of increasing the engine’s bypass ratio at the expense of increased engine size has hit its limit. Furthermore, the numerous slats and flaps that are incorporated into the wings to alter its surface area and structure as and when required also contribute substantially to acoustic noise pollution.

To adhere to increasingly tightening noise pollution regulations, the organization has come up with a novel series of SMPCs known as LaRC-SMPC. Given that all airlines are required to adhere to these regulations, the global aviation sector can be expected to account for a considerable shape memory polymer market share.

Europe and North America are projected to become prominent growth contributors of the Shape Memory Polymer Market. The presence of several well-established and flourishing aviation as well as automotive companies in the regions would ensure steady and consistent demands over the coming years. Automakers like GM have already made progress in the development of automotive smart memory materials comprised of shape memory alloys and polymers.

Partial Chapter of the Table of Content:

Chapter 2. Executive Summary

2.1.  Shape memory polymer market 3600  synopsis, 2014 – 2025

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.  Industry segmentation

3.2.  Industry size and forecast, 2014 – 2025

3.3.  Industry ecosystem analysis

3.3.1. Value addition at each stage

3.3.2. Distribution channel analysis

3.3.3. Vendor matrix

3.4.  Raw material analysis

3.4.1. Polyurethane

3.4.2. Acrylic

3.4.3. Epoxy

3.5.  Patent landscape

3.6.  Innovation & sustainability

3.6.1. Technology landscape

3.6.2. Future trends

3.7.  Life cycle analysis

3.7.1. Research & development

3.7.2. Growth

3.7.3. Maturity

3.7.4. Decline

3.8.  Industry impact forces

3.8.1. Growth drivers

3.8.1.1. Potential applications of SMPs in biomedical industry

3.8.1.2. Increasing SMP demand in automotive and aerospace sector

3.8.1.3. Potential SMP application in construction industry

3.8.2. Industry pitfalls & challenges

3.8.2.1. High level of technological know-how required for SMP production

3.9.  Regulatory landscape

3.10. Growth potential analysis

3.11. Competitive landscape

3.11.1.    Competitive analysis, 2018

3.11.2.    Brand analysis

3.11.3.    Strategy dashboard

3.12.  Porter’s analysis

3.12.1.  Supplier power

3.12.2.  Buyer power

3.12.3.  Threat of new entrants

3.12.4.  Threat of substitutes

3.12.5.  Industry rivalry

3.13.  Price trends

3.13.1.  Pricing analysis

3.13.2.  Cost structure analysis

3.13.2.1.     R&D cost

3.13.2.2.     Manufacturing & equipment cost

3.13.2.3.     Raw material cost

3.13.2.4.     Distribution cost

3.13.2.5.     Operating cost

3.13.2.6.     Miscellaneous cost

3.14.  PESTEL analysis

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/3355

Owing to the ability of SMP industry to penetrate into a varied number of business sectors, it is certain that the materials would be witnessing elevated demands from several high-revenue application segments in the coming future. In fact, Global Market Insights, Inc. has predicted that annual revenues for global shape memory polymer market would be surpassing $1.4 billion by 2025.

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About Author

Partha Ray    

Partha Ray

Partha is into digital marketing since the last 3 years and has worked on multiple projects across various industries. An Computer Science engineer by education, he has prior experience in software development. His other interests include playing cricket & Hockey.

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