ALBANY, N.Y., Dec. 9, 2020 /PRNewswire/ — The smart polymers market has been expanding steadily on the back of the development of an array of new chemistries in stimuli-responsive, self-healing, and shape memory polymers.
The adoption of smart polymers has been seeing remarkable pace in the automotive and biomedical sectors, state research analysts at TMR. Over the years, substantial research has been made to harness smart polymers in the making of hydrogels, sensors, and actuators. Biomedical engineering is an emerging area with vast untapped opportunities, assert analysts. The rise in utilization of smart polymers in making advanced packaging materials is spurring new opportunities in the smart polymers market.
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The global market is projected to clock a remarkable CAGR of 14% from 2020 to 2030.