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Smart materials are the basis of many applications, including sensors and actuators, or artificial muscles, particularly as electroactive polymers (EAPs). Terms used to describe smart materials include shape memory material (SMM) and shape memory technology (SMT).
Market Analysis and Insights: Global Smart Materials Market
Due to the COVID-19 pandemic, the global Smart Materials market size is estimated to be worth US$ 5454.8 million in 2021 and is forecast to a readjusted size of US$ 5454.8 million by 2028 with a CAGR of 6.9% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Smart Materials global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
North America is the largest Smart Materials market with about 33% market share. Europe is follower, accounting for about 32% market share.
The key players are Harris, MURATA, Solvay, Johnson Matthey, Arkema, Meggitt Sensing, KYOCERA, Piezo Kinetics, Gentex Corporation, Saint-Gobain (Sage Glass), View, ChromoGenics, LCR Hallcrest, Nitinol Devices & Components, SAES Getters, G.RAU, ATI Wah-chang, Fort Wayne Metals etc. Top 3 companies occupied about 34% market share.
Global Smart Materials Scope and Market Size
The global Smart Materials market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Smart Materials market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Piezoelectric Materials
Shape Memory Material
Electrochromic Materials
Shape Memory Polymer
Thermochromic Materials
Others
Segment by Application
Electronic Industry
Automobile
Food and Beverages
Biomedical Industry
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Harris
MURATA
Solvay
Johnson Matthey
Arkema
Meggitt Sensing
KYOCERA
Piezo Kinetics
Gentex Corporation
Saint-Gobain (Sage Glass)
View
ChromoGenics
LCR Hallcrest
Nitinol Devices & Components
SAES Getters
G.RAU
ATI Wah-chang
Fort Wayne Metals
Market Analysis and Insights: Global Smart Materials Market
Due to the COVID-19 pandemic, the global Smart Materials market size is estimated to be worth US$ 5454.8 million in 2021 and is forecast to a readjusted size of US$ 5454.8 million by 2028 with a CAGR of 6.9% during the review period. Fully considering the economic change by this health crisis, by Type accounting for % of the Smart Materials global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While by Type segment is altered to an % CAGR throughout this forecast period.
North America is the largest Smart Materials market with about 33% market share. Europe is follower, accounting for about 32% market share.
The key players are Harris, MURATA, Solvay, Johnson Matthey, Arkema, Meggitt Sensing, KYOCERA, Piezo Kinetics, Gentex Corporation, Saint-Gobain (Sage Glass), View, ChromoGenics, LCR Hallcrest, Nitinol Devices & Components, SAES Getters, G.RAU, ATI Wah-chang, Fort Wayne Metals etc. Top 3 companies occupied about 34% market share.
Global Smart Materials Scope and Market Size
The global Smart Materials market is segmented by company, region (country), by Type and by Application. Players, stakeholders, and other participants in the global Smart Materials market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), by Type and by Application for the period 2017-2028.
Segment by Type
Piezoelectric Materials
Shape Memory Material
Electrochromic Materials
Shape Memory Polymer
Thermochromic Materials
Others
Segment by Application
Electronic Industry
Automobile
Food and Beverages
Biomedical Industry
Others
By Region
United States
Europe
China
Japan
Southeast Asia
India
Other Regions
By Company
Harris
MURATA
Solvay
Johnson Matthey
Arkema
Meggitt Sensing
KYOCERA
Piezo Kinetics
Gentex Corporation
Saint-Gobain (Sage Glass)
View
ChromoGenics
LCR Hallcrest
Nitinol Devices & Components
SAES Getters
G.RAU
ATI Wah-chang
Fort Wayne Metals
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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
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The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
