The Asia Pacific Shape Memory Polymer Market would witness market growth of 23.1% CAGR during the forecast period (2023-2030). In the year 2021, the Asia Pacific market's volume surged to 65.18 Kilo Tonnes, showcasing a growth of 20.2% (2019-2022).
Cross-industry collaboration is a notable trend in adopting shape memory polymers. Researchers, engineers, and material scientists from diverse sectors are joining forces to explore the potential of SMPs in solving complex challenges. This collaborative approach fosters innovation by bringing together expertise from healthcare, materials science, engineering, and other fields. The consumer goods industry is witnessing a growing appeal for products incorporating these. Consumers are increasingly drawn to innovative and interactive products that offer unique functionalities.
Ongoing advancements in material science are expanding the capabilities of these. Researchers are exploring new formulations and composites to enhance mechanical strength, durability, and responsiveness. This includes the integration of nanoparticles and smart additives to tailor the properties of SMPs further. The development of responsive and programmable shape memory polymers is a notable trend. Researchers are working on creating materials that can undergo multiple shape transformations based on specific stimuli.
Healthcare expenditures have exhibited a consistent upward trend in the Asia-Pacific region. As countries in the region invest more in healthcare infrastructure, there is a parallel growth in the demand for advanced medical devices and technologies, including those utilizing shape memory polymers. As per the International Trade Administration, the medical device sector in China is expected to expand by $48.8 billion by 2026. Thus, the regional market will proliferate due to the rising demand for medical devices in the Asia Pacific.
The China market dominated the Asia Pacific Shape Memory Polymer Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $420.5 million by 2029. The Japan market is registering a CAGR of 22.3% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 23.9% during (2023 - 2030).
Based on End-use, the market is segmented into Medical, Textile, Automotive, Aerospace, Construction, and Others. Based on Material, the market is segmented into Polyurethane (PU), Epoxy, Polylactide (PLA), and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Shape Memory Polymer Market is Predict to reach $4.5 Billion by 2030, at a CAGR of 22.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include SMP Technologies Inc., Lubrizol Corporation (Berkshire Hathaway, Inc.), Evonik Industries AG (RAG-Stiftung), Spintech Holdings Inc., DJO Global (Enovis Corporation), Nanoshel (UK) Limited, BASF SE, and Covestro AG
Scope of the Study
Market Segments Covered in the Report:
By End-use (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Medical
- Textile
- Automotive
- Aerospace
- Construction
- Others
By Material (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- Polyurethane (PU)
- Epoxy
- Polylactide (PLA)
- Others
By Country (Volume, Kilo Tonnes, USD Billion, 2019-2030)
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- SMP Technologies Inc.
- Lubrizol Corporation (Berkshire Hathaway, Inc.)
- Evonik Industries AG (RAG-Stiftung)
- Spintech Holdings Inc.
- DJO Global (Enovis Corporation)
- Nanoshel (UK) Limited
- BASF SE
- Covestro AG
TABLE 1 Asia Pacific Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 4 Asia Pacific Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 5 Asia Pacific Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 8 Asia Pacific Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 9 Asia Pacific Medical Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Medical Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Medical Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 Asia Pacific Medical Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 Asia Pacific Textile Market by Country, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Textile Market by Country, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Textile Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 Asia Pacific Textile Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 Asia Pacific Automotive Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Automotive Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Automotive Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 Asia Pacific Automotive Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 Asia Pacific Aerospace Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Aerospace Market by Country, 2023 - 2030, USD Million
TABLE 23 Asia Pacific Aerospace Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 Asia Pacific Aerospace Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 Asia Pacific Construction Market by Country, 2019 - 2022, USD Million
TABLE 26 Asia Pacific Construction Market by Country, 2023 - 2030, USD Million
TABLE 27 Asia Pacific Construction Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 Asia Pacific Construction Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 30 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 31 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 Asia Pacific Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 34 Asia Pacific Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 35 Asia Pacific Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 36 Asia Pacific Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 37 Asia Pacific Polyurethane (PU) Market by Country, 2019 - 2022, USD Million
TABLE 38 Asia Pacific Polyurethane (PU) Market by Country, 2023 - 2030, USD Million
TABLE 39 Asia Pacific Polyurethane (PU) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 Asia Pacific Polyurethane (PU) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 Asia Pacific Epoxy Market by Country, 2019 - 2022, USD Million
TABLE 42 Asia Pacific Epoxy Market by Country, 2023 - 2030, USD Million
TABLE 43 Asia Pacific Epoxy Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 Asia Pacific Epoxy Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 Asia Pacific Polylactide (PLA) Market by Country, 2019 - 2022, USD Million
TABLE 46 Asia Pacific Polylactide (PLA) Market by Country, 2023 - 2030, USD Million
TABLE 47 Asia Pacific Polylactide (PLA) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 Asia Pacific Polylactide (PLA) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 50 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 51 Asia Pacific Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 Asia Pacific Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 Asia Pacific Shape Memory Polymer Market by Country, 2019 - 2022, USD Million
TABLE 54 Asia Pacific Shape Memory Polymer Market by Country, 2023 - 2030, USD Million
TABLE 55 Asia Pacific Shape Memory Polymer Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 56 Asia Pacific Shape Memory Polymer Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 57 China Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 58 China Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 59 China Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 60 China Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 61 China Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 62 China Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 63 China Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 64 China Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 65 China Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 66 China Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 67 China Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 68 China Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 69 Japan Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 70 Japan Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 71 Japan Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 72 Japan Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 73 Japan Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 74 Japan Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 75 Japan Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 76 Japan Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 77 Japan Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 78 Japan Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 79 Japan Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 80 Japan Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 81 India Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 82 India Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 83 India Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 84 India Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 85 India Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 86 India Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 87 India Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 88 India Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 89 India Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 90 India Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 91 India Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 92 India Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 93 South Korea Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 94 South Korea Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 95 South Korea Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 96 South Korea Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 97 South Korea Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 98 South Korea Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 99 South Korea Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 100 South Korea Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 101 South Korea Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 102 South Korea Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 103 South Korea Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 104 South Korea Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 105 Singapore Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 106 Singapore Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 107 Singapore Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 108 Singapore Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 109 Singapore Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 110 Singapore Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 111 Singapore Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 112 Singapore Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 113 Singapore Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 114 Singapore Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 115 Singapore Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 116 Singapore Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 117 Malaysia Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 118 Malaysia Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 119 Malaysia Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 120 Malaysia Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 121 Malaysia Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 122 Malaysia Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 123 Malaysia Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 124 Malaysia Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 125 Malaysia Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 126 Malaysia Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 127 Malaysia Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 128 Malaysia Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 129 Rest of Asia Pacific Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 130 Rest of Asia Pacific Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 131 Rest of Asia Pacific Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 132 Rest of Asia Pacific Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 133 Rest of Asia Pacific Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 134 Rest of Asia Pacific Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 135 Rest of Asia Pacific Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 136 Rest of Asia Pacific Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 137 Rest of Asia Pacific Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 138 Rest of Asia Pacific Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 139 Rest of Asia Pacific Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 140 Rest of Asia Pacific Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 141 Key Information – SMP Technologies Inc.
TABLE 142 Key Information – Lubrizol Corporation
TABLE 143 Key Information – Evonik Industries AG
TABLE 144 Key Information – Spintech Holdings Inc
TABLE 145 Key Information – DJO Global
TABLE 146 Key Information – Nanoshel (Uk) Limited
TABLE 147 Key Information – BASF SE
TABLE 148 key information – Covestro AG
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Shape Memory Polymer Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting the Shape Memory Polymer Market
FIG 4 Porter’s Five Forces Analysis – Shape Memory Polymer Market
FIG 5 Asia Pacific Shape Memory Polymer Market Share by End-use, 2022
FIG 6 Asia Pacific Shape Memory Polymer Market Share by End-use, 2030
FIG 7 Asia Pacific Shape Memory Polymer Market by End-use, 2019 - 2030, USD Million
FIG 8 Asia Pacific Shape Memory Polymer Market Share by Material, 2022
FIG 9 Asia Pacific Shape Memory Polymer Market Share by Material, 2030
FIG 10 Asia Pacific Shape Memory Polymer Market by Material, 2019 - 2030, USD Million
FIG 11 Asia Pacific Shape Memory Polymer Market Share by Country, 2022
FIG 12 Asia Pacific Shape Memory Polymer Market Share by Country, 2030
FIG 13 Asia Pacific Shape Memory Polymer Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: SMP Technologies Inc.
FIG 15 SWOT Analysis: Spintech Holdings Inc
FIG 16 SWOT Analysis: Nanoshel (Uk) Limited
FIG 17 SWOT Analysis: BASF SE