The North America Shape Memory Polymer Market would witness market growth of 21.7% CAGR during the forecast period (2023-2030). In the year 2019, the North America market's volume surged to 61.15 Kilo Tonnes, showcasing a growth of 19.1% (2019-2022).
The healthcare industry has been a pioneering adopter of shape memory polymers. This includes applications in catheters, stents, and drug delivery systems, where navigating constrained spaces is crucial. In aerospace, they have applications in adaptive structures and components. Moreover, the automotive industry has embraced SMPs for various purposes, including self-healing materials, smart surfaces, and adaptive components. For instance, they can be employed in self-repairing coatings that automatically regain their original form, mitigating the impact of scratches and dings.
SMPs are revolutionizing product design and functionality in consumer goods and electronics. Applications range from smart textiles with shape-changing capabilities to adaptive eyewear frames that adjust to the user's facial contours. Integrating SMPs in consumer electronics offers flexible and responsive device opportunities, paving the way for innovative gadgets and wearables. These are significantly impacting the textile industry by enabling the development of smart fabrics with shape-changing capabilities. Alterations to these fabrics may occur due to external influences, including fluctuations in temperature or user engagements.
The construction sector in North America is increasingly exploring intelligent and adaptive materials to enhance infrastructure performance. Due to their capacity for reversible deformations, these may find utility in intelligent building materials that react to external stimuli, including temperature fluctuations, seismic activity, or structural strain. As per the data provided by the U.S Census Bureau, the seasonally adjusted annual rate of construction expenditures for September 2023 was projected to be $1,996.5 billion. Therefore, the growing construction industry in North America will help expand the regional market.
The US market dominated the North America Shape Memory Polymer Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,094.9 million by 2029. The Canada market is experiencing a CAGR of 24.4% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 23.3% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The 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)
- US
- Canada
- Mexico
- Rest of North America
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 North America Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 2 North America Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 3 North America Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 4 North America Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 5 North America Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 6 North America Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 7 North America Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 8 North America Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 9 North America Medical Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Medical Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Medical Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 12 North America Medical Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 13 North America Textile Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Textile Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Textile Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 16 North America Textile Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 17 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Automotive Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Automotive Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 20 North America Automotive Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 21 North America Aerospace Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Aerospace Market by Country, 2023 - 2030, USD Million
TABLE 23 North America Aerospace Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 24 North America Aerospace Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 25 North America Construction Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Construction Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Construction Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 28 North America Construction Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 29 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 32 North America Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 33 North America Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 34 North America Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 35 North America Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 36 North America Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 37 North America Polyurethane (PU) Market by Country, 2019 - 2022, USD Million
TABLE 38 North America Polyurethane (PU) Market by Country, 2023 - 2030, USD Million
TABLE 39 North America Polyurethane (PU) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 40 North America Polyurethane (PU) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 41 North America Epoxy Market by Country, 2019 - 2022, USD Million
TABLE 42 North America Epoxy Market by Country, 2023 - 2030, USD Million
TABLE 43 North America Epoxy Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 44 North America Epoxy Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 45 North America Polylactide (PLA) Market by Country, 2019 - 2022, USD Million
TABLE 46 North America Polylactide (PLA) Market by Country, 2023 - 2030, USD Million
TABLE 47 North America Polylactide (PLA) Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 48 North America Polylactide (PLA) Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 49 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 50 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 51 North America Others Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 52 North America Others Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 53 North America Shape Memory Polymer Market by Country, 2019 - 2022, USD Million
TABLE 54 North America Shape Memory Polymer Market by Country, 2023 - 2030, USD Million
TABLE 55 North America Shape Memory Polymer Market by Country, 2019 - 2022, Kilo Tonnes
TABLE 56 North America Shape Memory Polymer Market by Country, 2023 - 2030, Kilo Tonnes
TABLE 57 US Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 58 US Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 59 US Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 60 US Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 61 US Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 62 US Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 63 US Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 64 US Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 65 US Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 66 US Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 67 US Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 68 US Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 69 Canada Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 70 Canada Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 71 Canada Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 72 Canada Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 73 Canada Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 74 Canada Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 75 Canada Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 76 Canada Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 77 Canada Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 78 Canada Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 79 Canada Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 80 Canada Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 81 Mexico Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 82 Mexico Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 83 Mexico Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 84 Mexico Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 85 Mexico Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 86 Mexico Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 87 Mexico Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 88 Mexico Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 89 Mexico Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 90 Mexico Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 91 Mexico Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 92 Mexico Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 93 Rest of North America Shape Memory Polymer Market, 2019 - 2022, USD Million
TABLE 94 Rest of North America Shape Memory Polymer Market, 2023 - 2030, USD Million
TABLE 95 Rest of North America Shape Memory Polymer Market, 2019 - 2022, Kilo Tonnes
TABLE 96 Rest of North America Shape Memory Polymer Market, 2023 - 2030, Kilo Tonnes
TABLE 97 Rest of North America Shape Memory Polymer Market by End-use, 2019 - 2022, USD Million
TABLE 98 Rest of North America Shape Memory Polymer Market by End-use, 2023 - 2030, USD Million
TABLE 99 Rest of North America Shape Memory Polymer Market by End-use, 2019 - 2022, Kilo Tonnes
TABLE 100 Rest of North America Shape Memory Polymer Market by End-use, 2023 - 2030, Kilo Tonnes
TABLE 101 Rest of North America Shape Memory Polymer Market by Material, 2019 - 2022, USD Million
TABLE 102 Rest of North America Shape Memory Polymer Market by Material, 2023 - 2030, USD Million
TABLE 103 Rest of North America Shape Memory Polymer Market by Material, 2019 - 2022, Kilo Tonnes
TABLE 104 Rest of North America Shape Memory Polymer Market by Material, 2023 - 2030, Kilo Tonnes
TABLE 105 Key Information – SMP Technologies Inc.
TABLE 106 Key Information – Lubrizol Corporation
TABLE 107 Key Information – Evonik Industries AG
TABLE 108 Key Information – Spintech Holdings Inc
TABLE 109 Key Information – DJO Global
TABLE 110 Key Information – Nanoshel (Uk) Limited
TABLE 111 Key Information – BASF SE
TABLE 112 key information – Covestro AG
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Shape Memory Polymer Market Share by End-use, 2022
FIG 6 North America Shape Memory Polymer Market Share by End-use, 2030
FIG 7 North America Shape Memory Polymer Market by End-use, 2019 - 2030, USD Million
FIG 8 North America Shape Memory Polymer Market Share by Material, 2022
FIG 9 North America Shape Memory Polymer Market Share by Material, 2030
FIG 10 North America Shape Memory Polymer Market by Material, 2019 - 2030, USD Million
FIG 11 North America Shape Memory Polymer Market Share by Country, 2022
FIG 12 North America Shape Memory Polymer Market Share by Country, 2030
FIG 13 North America 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