The Latin America, Middle East and Africa Shape Memory Polymer Market would witness market growth of 25.1% CAGR during the forecast period (2023-2030). In the year 2026, the LAMEA market's volume is expected to surge to 47.88 Kilo Tonnes, showcasing a growth of 25.3% (2023-2030).
In healthcare, there is a focus on developing biocompatible shape memory polymers for use in implantable devices and drug delivery systems. Innovations in biodegradable SMPs contribute to creating temporary medical implants that gradually dissolve, eliminating the need for additional removal procedures. Integrating sensors and electronic components with these is a growing trend, particularly in wearable technology. Smart textiles and wearable devices incorporating SMPs alongside electronic functionalities enable a seamless fusion of material responsiveness and electronic interactivity.
3D printing technology is increasingly being used to fabricate complex shapes and structures using shape memory polymers. This additive manufacturing approach allows for precise control over the material's geometry, enabling the production of customized and intricate designs for various applications. User experience is a central consideration in the innovation of products featuring these. Industries such as consumer goods and electronics are investing in designs that showcase the technical capabilities of SMPs and enhance the overall user experience through intuitive and adaptive functionalities.
The construction industry in the LAMEA region often seeks lightweight materials to reduce the overall weight of structures. SMPs, known for their lightweight characteristics, can be utilized in the construction of components and structures, contributing to more efficient construction processes and enabling the development of resilient and sustainable buildings. SMPs can be incorporated into building components to create adaptive structures. These components can change shape or respond to environmental conditions, enhancing functionality. Therefore, the growing construction industry in the LAMEA region will help expand the regional market.
The Brazil market dominated the LAMEA Shape Memory Polymer Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $99.2 million by 2029. The Argentina market is showcasing a CAGR of 25.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 24.8% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide Shape Memory Polymer Market is Projected to reach USD 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)
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 3 LAMEA Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 4 LAMEA Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 5 LAMEA Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 6 LAMEA Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 7 LAMEA Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 8 LAMEA Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 9 LAMEA Medical Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA Medical Market by Country, 2023 - 2030, USD Million
TABLE 11 LAMEA Medical Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 LAMEA Medical Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 LAMEA Textile Market by Country, 2019 - 2022, USD Million
TABLE 14 LAMEA Textile Market by Country, 2023 - 2030, USD Million
TABLE 15 LAMEA Textile Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 LAMEA Textile Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 LAMEA Automotive Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Automotive Market by Country, 2023 - 2030, USD Million
TABLE 19 LAMEA Automotive Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 LAMEA Automotive Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 LAMEA Aerospace Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA Aerospace Market by Country, 2023 - 2030, USD Million
TABLE 23 LAMEA Aerospace Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 LAMEA Aerospace Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 LAMEA Construction Market by Country, 2019 - 2022, USD Million
TABLE 26 LAMEA Construction Market by Country, 2023 - 2030, USD Million
TABLE 27 LAMEA Construction Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 LAMEA Construction Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 30 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 31 LAMEA Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 LAMEA Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 LAMEA Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 34 LAMEA Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 35 LAMEA Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 36 LAMEA Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 37 LAMEA Polyurethane (PU) Market by Country, 2019 - 2022, USD Million
TABLE 38 LAMEA Polyurethane (PU) Market by Country, 2023 - 2030, USD Million
TABLE 39 LAMEA Polyurethane (PU) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 LAMEA Polyurethane (PU) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 LAMEA Epoxy Market by Country, 2019 - 2022, USD Million
TABLE 42 LAMEA Epoxy Market by Country, 2023 - 2030, USD Million
TABLE 43 LAMEA Epoxy Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 LAMEA Epoxy Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 LAMEA Polylactide (PLA) Market by Country, 2019 - 2022, USD Million
TABLE 46 LAMEA Polylactide (PLA) Market by Country, 2023 - 2030, USD Million
TABLE 47 LAMEA Polylactide (PLA) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 LAMEA Polylactide (PLA) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 50 LAMEA Others Market by Country, 2023 - 2030, USD Million
TABLE 51 LAMEA Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 LAMEA Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 LAMEA Shape Memory Polymer Market by Country, 2019 - 2022, USD Million
TABLE 54 LAMEA Shape Memory Polymer Market by Country, 2023 - 2030, USD Million
TABLE 55 LAMEA Shape Memory Polymer Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 56 LAMEA Shape Memory Polymer Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 57 Brazil Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 58 Brazil Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 59 Brazil Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 60 Brazil Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 61 Brazil Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 62 Brazil Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 63 Brazil Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 64 Brazil Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 65 Brazil Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 66 Brazil Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 67 Brazil Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 68 Brazil Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 69 Argentina Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 70 Argentina Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 71 Argentina Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 72 Argentina Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 73 Argentina Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 74 Argentina Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 75 Argentina Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 76 Argentina Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 77 Argentina Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 78 Argentina Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 79 Argentina Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 80 Argentina Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 81 UAE Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 82 UAE Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 83 UAE Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 84 UAE Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 85 UAE Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 86 UAE Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 87 UAE Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 88 UAE Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 89 UAE Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 90 UAE Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 91 UAE Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 92 UAE Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 93 Saudi Arabia Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 94 Saudi Arabia Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 95 Saudi Arabia Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 96 Saudi Arabia Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 97 Saudi Arabia Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 98 Saudi Arabia Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 99 Saudi Arabia Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 100 Saudi Arabia Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 101 Saudi Arabia Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 102 Saudi Arabia Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 103 Saudi Arabia Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 104 Saudi Arabia Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 105 South Africa Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 106 South Africa Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 107 South Africa Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 108 South Africa Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 109 South Africa Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 110 South Africa Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 111 South Africa Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 112 South Africa Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 113 South Africa Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 114 South Africa Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 115 South Africa Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 116 South Africa Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 117 Nigeria Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 118 Nigeria Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 119 Nigeria Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 120 Nigeria Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 121 Nigeria Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 122 Nigeria Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 123 Nigeria Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 124 Nigeria Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 125 Nigeria Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 126 Nigeria Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 127 Nigeria Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 128 Nigeria Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 129 Rest of LAMEA Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 130 Rest of LAMEA Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 131 Rest of LAMEA Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 132 Rest of LAMEA Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 133 Rest of LAMEA Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 134 Rest of LAMEA Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 135 Rest of LAMEA Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 136 Rest of LAMEA Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 137 Rest of LAMEA Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 138 Rest of LAMEA Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 139 Rest of LAMEA Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 140 Rest of LAMEA 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 LAMEA 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 LAMEA Shape Memory Polymer Market Share by End-use, 2022
FIG 6 LAMEA Shape Memory Polymer Market Share by End-use, 2030
FIG 7 LAMEA Shape Memory Polymer Market by End-use, 2019 - 2030, USD Million
FIG 8 LAMEA Shape Memory Polymer Market Share by Material, 2022
FIG 9 LAMEA Shape Memory Polymer Market Share by Material, 2030
FIG 10 LAMEA Shape Memory Polymer Market by Material, 2019 - 2030, USD Million
FIG 11 LAMEA Shape Memory Polymer Market Share by Country, 2022
FIG 12 LAMEA Shape Memory Polymer Market Share by Country, 2030
FIG 13 LAMEA 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