Shape Memory Polymer Market

Shape Memory Polymer Market Size and Share Forecast Outlook (2022 to 2032)

The global shape memory polymer market is expected to be valued at USD 450.4 Million in 2021. Overall demand for shape memory polymers is projected to grow at a CAGR of 23% between 2022 and 2032, totaling around USD 3.5 Billion by 2032.

With a continued preference for shape memory polymer products in end-user industries such as healthcare, biomedical, construction, automotive textile and aerospace, for changing contours in implementing various high-end objectives and a spate of lesser-known applications, the product is poised to achieve compelling market share in the forthcoming years.

Factors accelerating the global shape memory polymer demand:

• The biomedical business is increasingly securing the adoption of shape memory polymer. This is attributed to its non-mutagenic, non-dangerous, and biocompatibility which makes it ideal for its utilization in various clinical gadgets that are embedded in the human body.
• The automotive industry is progressively deploying shape memory polymer-based actuators and automatic chokes for engines during the production and assembly of cars. Vehicle execution, component estimation, and mileage are boosted by adopting form memory polymer-based actuators.
• Another use of shape memory polymers is to assemble orthopedic braces and supports. They are essentially being applied to make a careful cast, intravenous cannula, stents, and careful sutures. This is a pivotal aspect that is expected to drive the global shape memory polymer market growth.
• The automotive assembly lines further utilize this substance as a protective cover and a damping material. Moreover, the capacity to tailor shape memory polymer’s glass progress temperature for shape reclamation or self-sending of clinical gadgets when reached or embedded in the human body is an alluring component that supports its biomedical applications.

Although the shape memory polymer market share is likely to experience substantial growth, factors such as the relatively high cost to produce and operate, as well as low fatigue properties, are major hindrances that are expected to curb the global market size.

Data Points	Key Statistics
Shape memory polymer Market Value 2022	USD 450.4 Million
Shape memory polymer Market Projected Value (2032)	USD 3.5 Billion
Shape memory polymer Market CAGR (2022 to 2032)	23%

Growing Use of Shape Memory Polymers in Healthcare and Construction

North America holds the largest share of the shape memory polymer market, which is attributed to the presence of several product manufacturers and key end-users. Furthermore, the USA houses a proliferating healthcare industry which is accompanied by growing research in the biomedical field. These factors are estimated to bolster the global shape memory polymer market growth.

In addition, the development of various verticals in the region is attributed to the introduction of several regulations and programs, such as NAFTA and USMCA. Furthermore, the presence of aircraft manufacturers in the USA, as well as the growth of the aerospace and defense sectors, are further likely to propel the market growth.

The Asia Pacific is a growing shape memory polymer market owing to the increasing demand for this product from countries such as China, India and Japan, especially from the expanding construction industry. Likewise, the biomedical device manufacturing industry in China and South Korea is also gradually adopting shape memory polymers.

Innovative Scope Offered by Key Shape Memory Polymer Providers

The shape memory polymer market share is likely to spearhead growth, especially in the biomedical industry owing to aspects such as flame retardation, favorable chemical and mechanical properties, and high dielectric strength together coupled with excellent insulation. Key providers in the shape memory polymer market are aiming to reshape the end user’s view of clinical success through the science of smart polymer.

Manufacturers are further concentrating on generating new healing possibilities. For instance, the regenerative smart polymer is growing in popularity within the biomedical industry since it stimulates the immune response and healing process to promote healthy new cellular growth as the material slowly “bioabsorbs” without chronic inflammation. Moreover, the dynamic smart polymer conforms to the anatomy and yields to the patient’s anatomy, providing stable occlusion and fill without unnecessary force. It further returns clarity as radiolucent material restores unprecedented visibility during and after the procedure.

These polymers deliver unmatched volume, which is essentially unparalleled volumes of porous material that promotes rapid clot formation, stable occlusion and durable seal. Certain brands are offering shape memory polymers that can be stabilized in a different form and then restored to their original shape on command. It is already improving its countless applications, as the secret to this smart material lies in its network structure. Researchers have recently tuned shape memory polymer formulations and pore sizes to create materials with differing cross-link densities, glass transition temperatures, and moisture plasticization and expansion rates.

The SMP was chemically created in its primary expanded shape, and then small holes were made in the pore membranes to maximize blood flow through the structure, and promote clotting and subsequent connective tissue deposition, in order to test a promising formulation. These factors are involved in the future prospects of the global shape memory polymer market growth.

Shape memory polymers are smart materials that can change their shape in response to external stimuli. The materials find extensive use in automotive, biomedical and aerospace industry. Biomedical industry is a key end-user of SMPs as they are employed in producing a plethora of diagnostic and surgical devices such as catheters, sutures, stents, braces, splints, prosthetics and grafts. Thus shape memory polymers (SMPs), as stimuli-responsive materials, have garnered worldwide fame.

Shape memory polymers are also intensively utilized in the construction industry and find use as self-healing materials in sensors or actuators or structural health monitors and vibration control systems. Their use in kinetic buildings will also hold significance to the industry. This, more so when the government is promoting an eco-friendly zone and green buildings to lower the carbon footprint and protect the environment.

Comparison of Historical Demand (2017 to 2021) vs Forecast to 2032

Shape memory polymers adoption in kinetic buildings as an envelope is of paramount significance with it responding to external stimuli to make do with minute structural changes in the buildings. This will optimize the building indoors, lowering energy roll-backs. From 2017 to 2021, sales of shape memory polymers inclined at a CAGR of 18.5%.

Shape memory polymer materials include PEEK, polyethylene, 1,3-propanediol, and many more. These items are widely used for various purposes. They are designed for use in the healthcare, aerospace, textiles, and automotive manufacturing industries. With the growth in R&D investments by manufacturers to acquire SMP novels, these resources will be increasingly marketed and used by consumer industries.

The biomedical end-user from shape memory polymer market will generate substantial market revenue over the period of assessment. The major applications of shape memory polymers in biomedical are surgery and diagnosis.

Moreover, extensive research is conducted by market participants to identify new applications of SMPs in the biomedical industry. This has led to the development of many SMP-based medical devices such as stents, catheters, cannulas, and sutures as well as parts for pacemakers and artificial hearts.

Key Drivers Influencing Shape Memory Polymer Adoption

Shape Memory Polymer Alloys replacing Traditional Materials in Healthcare Applications

Ongoing research related to the use of SMPs as dental foundations, splinters, and other bone structures will enhance the industry during the forecast period. With shape memory alloys replacing traditional materials in healthcare applications, this will increment the shape memory polymer market growth over the forecast period.

By material, polyurethane (PU) is the material of choice in shape memory polymer market and it has 40% revenue in shape polymer market by 2030 owing to its supreme properties. Polyurethane is home to several robust features which include good electrical properties. PU based SMPs are ideally deployed in aerospace & biomedical industries and in sensor systems. Furthermore, the R&D efforts in the end-user industries coupled with the beneficial properties of the product will be impactful in driving the industry to high growth.

The global healthcare sector is flourishing rapidly with increasing investments in evolving medical facilities in developing & low-income economies. This will automatically stake rising claim in shape memory polymer market.

Shape Memory Polymer Market spearheading growth in Biomedical Industry

Catheters manufactured with the help of SMPs remain stiff externally, which benefits the physician in plenty, by providing the accuracy to manipulate the tubes, hence its growth is well tabulated.

The global catheter market is also expected to grow gradually, supporting product demand. Further, these are used to fabricate surgical sutures that are used to join tissues or close a wound due to injury or surgery. Economic growth in the poor & middle-income countries coupled with improving healthcare facilities will drive the surgical sutures demand, in turn driving growth in shape memory polymer market.

The properties supporting growth of shape memory polymer market includes favourable mechanical and chemical properties, flame retardation, excellent insulation together coupled with high dielectric strength.

Segment-wise Analysis of the Shape Memory Polymer Market

By Application, which Category is likely to make Maximum Use of Shape Memory Polymers?

Research & Development to widen Growth Opportunities in the Long-Run

By application, shape memory polymers for research & development applications is expected to emerge as the dominant category, likely gather over USD 2 Billion by 2032. Some research & development applications include exploring various aspects of the shape memory effect, improving SMP material properties, and generating new product ideas and discovering applications.

Manufacturers, research laboratories, and universities are at the forefront of shape memory polymer R&D programs. Many shape memory polymer R&D activities are related to biomedical applications.

Which End Use is likely to generate Profitable Growth Opportunities for Shape Memory Polymers?

Shape Memory Polymers uptake to be significant in the Automotive Industry

According to Future Market Insights, the automotive industry is expected to generate major revenue streams for shape memory polymer manufacturers. The segment is expected to witness a growth rate exceeding 21% CAGR over the forecast period.

Shape memory polymers are used for manufacturing actuators, sensors, seat assemblies, energy absorbing assemblies, reconfigurable storage bins, tunable vehicle structures, releasable fastener systems, hood assemblies, adaptive lens assemblies, airflow control devices, and morphable automotive body molding. Furthermore, shape memory polymers are effective substitutes for other metallic and polymer components, owing to its lightweight characteristics and low cost.

Which Shape Memory Polymer Material is likely to be Most Preferred?

Polyurethane Shape Memory Polymers to see Maximum Light of the Day

Based on material, polyurethane shape memory polymers are anticipated to experience maximum sales, clocking a value CAGR worth 24% from 2022 to 2032. As of 2022, the segment is forecast to accumulate 38% market revenue. Polyurethane has a high load-bearing capacity, extensive hardness, good abrasion, flexibility, tear resistance, and impact resistance.

Furthermore, it offers high resistance to oil, water, grease, and harsh environments. It also has good electrical properties. Furthermore,polyurethane can be manufactured economically with shorter production & lead time. PU-based SMPs are used in structures that are deployable in the aerospace & biomedical industries and also used in building sensor systems.

Regional Trends in Shape Memory Polymer Demand

Will North America retain dominance in Shape Memory Polymer Market?

Expansion of Healthcare Infrastructure and Biomedical Research increasing SMP adoption across North America

North America is expected to emerge as a major shape memory polymer industry hub, characterized by the presence of several key end-users and product manufacturers. Besides, presence of a proliferating healthcare industry in the USA, accompanied by growing research in the biomedical field will enhance demand during the forecast period. The introduction of various regulations and programs, such as NAFTA and USMCA, have also contributed to the development of various industries in the region.

Growth in the USA aerospace & defense sector will further propel the shape memory polymer market growth during the forecast period. The presence of aircraft manufacturers including Lockheed Martin and Boeing in the USA will drive the need for SMPs. NASA's spacecraft exploratory quests are also expected to improve SMP's need for aerospace during the forecast period. According to Future Market Insights, the North American shape memory polymer market is expected to surge at a 26% value CAGR from 2022 to 2032.

How is Latin America expected to contribute to Shape Memory Polymer Market Growth?

Multiple End Use Applications opening frontiers for Investments

The Latin America shape memory polymer market will observe over 10% CAGR through 2030 driven by a steadfast rise in the automotive production rates of Brazil and Mexico. Mexico is turning into a nerve centre for contract manufacturing activities for the premier automotive manufacturers across the globe.

Brazil has also witnessed stable production growth in the automotive industry for the last couple of years. The biomedical industry development in the Latin American region is also likely to increase the SMP market. Increase of commercialization prices of SMP products by the end of the forecast period will have a positive effect on the Latin American market.

How opportunistic will the Shape Memory Polymer Industry emerge across Asia Pacific?

As per Future Market Insights, the Asia Pacific shape memory polymer industry is poised to attract a valuation of about USD 540 Million by the end of 2032. On account of soaring income levels of consumers and rapid economic growth, automotive ownership is on the incline. Hence, shape memory polymers for manufacturing various automotive parts and components is rising significantly across the region.

Furthermore, due to the strong presence of automotive giants attributed to soaring consumer passion for fast cars in the Asia Pacific, the SMP industry is projected to exhibit considerable progress. Furthermore, increased funding in Southeast Asian countries, including India, China, Indonesia, Thailand, South Korea, Japan, and Malaysia, is foreseen to drive market growth in the aerospace industry.

How Start-ups are Shaping the Shape Memory Polymer Market Future

Given their high degree of flexibility, shape memory polymers are finding extensive applications across a wide range of industries. From healthcare to automotive, numerous shape memory polymer start-ups are taking root across multiple regions. Some of these players are as follows:

• Shape Memory Medical
• NSL Comm
• VenoStent
• Conerstone Research Group
• MedShape
• Mnemoscience
• Danimer Scientific
• Solugen
• Notpla
• Novomer

• In August 2021, Shape Memory Medical Inc. announced the initiation of AAA-SHAPE Netherlands, its prospective multicentre early feasibility study of the IMPEDE FX RapidFill® Device when used for abdominal aortic aneurysm sac management during elective endovascular aneurysm repair. This high volume platform incorporates the novel Shape Memory Polymer, a porous, embolic scaffold that is crimped for catheter delivery and self-expands upon contact with blood for rapid conversion to organized thrombus.
• In May 2022, NSL Comm announced that ARQUIMEA has announced a USD 15 Million investment in the company. The investment is part of the latter’s international expansion plans, and permits NSL Comm to deploy its BeetleSat antenna which is highly flexible made from shape memory polymers
• VenoStent Inc. is a prominent face in the shape memory polymer landscape, developing shape memory polymer wraps to help haemodialysis patients experience higher recovery rates and less painful post-operative lives.

Competitive Landscape of the Shape Memory Polymer Market

Who are the leading players in the Shape Memory Polymer Market?

The shape memory polymer industry players include Nanoshel LLC, Asahi Kasei Corporation, The Lubrizol Corporation, Cornerstone Research Group (CRG), MedShape, Inc., and Covestro AG, among others.

• Asahi Kasei Corp. produces fiber products, chemicals, and electronic related materials based on its core discipline of chemistry, and globally pursues growth opportunities in the areas where they can leverage their technological expertise.
• Covestro AG is a German company which produces a variety of polyurethane and polycarbonate based raw materials. Products include isocyanates and polyols for cellular foams, thermoplastic polyurethane and polycarbonate pellets, and polyurethane based additives used in the formulation of coatings and adhesives. It is a Bayer offshoot formed in the fall of 2015 and was formerly called Bayer Material Science, Bayer's materials science division.

Scope and Coverage of the Shape Memory Polymer Industry Report

Report Attribute	Details
Growth Rate	CAGR of 23% from 2022-2032
Market Value in 2022	USD 450.4 Million
Market Value in 2032	USD 3.5 Billion
Base Year for Estimation	2021
Historical Data	2017 to 2021
Forecast Period	2022 to 2032
Quantitative Units	Revenue in USD Million and CAGR from 2022-2032
Report Coverage	Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis
Segments Covered	Material, Application, Region
Regions Covered	North America; Latin America; Europe; Asia Pacific; Middle East and Africa
Key Countries Profiled	USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC, South Africa, Israel
Key Companies Profiled	Nanoshell LLC; Asahi Kasei Corporation; Lubrizol Corporation; Cornerstone Research Group; MedShape Inc.; Covestro AG

Table of Content

• 1. Executive Summary
• 2. Market Overview
• 3. Market Background and Foundation Data Points
• 4. Global Market Demand (USD Million) Analysis 2017 to 2021 and Forecast, 2022 to 2032
• 5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Material
  • 5.1. Polyurethane
  • 5.2. Polyvinyl Chloride
  • 5.3. Acrylic
  • 5.4. Epoxy
  • 5.5. Others
• 6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Application
  • 6.1. Research & Development
  • 6.2. Commercial
• 7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by End Use
  • 7.1. Biomedical
  • 7.2. Automotive
  • 7.3. Aerospace
  • 7.4. Textile
  • 7.5. Others
• 8. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, by Region
  • 8.1. North America
  • 8.2. Latin America
  • 8.3. Europe
  • 8.4. Asia Pacific
  • 8.5. Middle East and Africa (MEA)
• 9. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
• 10. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032
• 11. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032
• 12. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032
• 13. Middle East and Africa Market Analysis 2017 to 2021 and Forecast 2022 to 2032
• 14. Market Structure Analysis
• 15. Competition Analysis
  • 15.1. Genesys Telecommunication Laboratories Inc.
  • 15.2. Nice System Ltd.
  • 15.3. Talkdesk Inc.
  • 15.4. 8x8 Inc.
  • 15.5. Anywhere365 Enterprise Dialogue Management
  • 15.6. Content Guru Limited
  • 15.7. Enghouse Interactive
  • 15.8. Luware A.G
  • 15.9. Evolve IP LLC.
• 16. Assumptions And Acronyms Used
• 17. Research Methodology

List of Tables

Table 01: Global Market Value (US$ Mn) Analysis, by Material, 2017-2021

Table 02: Global Market Value (US$ Mn) Analysis, by Material, 2022-2032

Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Material, 2022-2032

Table 04: Global Market Value (US$ Mn) Analysis, by Application, 2017-2021

Table 05: Global Market Value (US$ Mn) Analysis, by Application, 2022-2032

Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2022-2032

Table 07: Global Market Value (US$ Mn) Analysis, by End Use, 2017-2021

Table 08: Global Market Value (US$ Mn) Analysis, by End Use, 2022-2032

Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by End Use, 2022-2032

Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2017-2021

Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2022-2032

Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2022-2032

Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2017-2021

Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2022-2032

Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2022-2032

Table 16: North America Market Value (US$ Mn) Analysis, by Material, 2017-2021

Table 17: North America Market Value (US$ Mn) Analysis, by Material, 2022-2032

Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Material, 2022-2032

Table 19: North America Market Value (US$ Mn) Analysis, by Application, 2017-2021

Table 20: North America Market Value (US$ Mn) Analysis, by Application, 2022-2032

Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2022-2032

Table 22: North America Market Value (US$ Mn) Analysis, by End Use, 2017-2021

Table 23: North America Market Value (US$ Mn) Analysis, by End Use, 2022-2032

Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2022-2032

Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2017-2021

Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2022-2032

Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2022-2032

Table 28: Latin America Market Value (US$ Mn) Analysis, by Material, 2017-2021

Table 29: Latin America Market Value (US$ Mn) Analysis, by Material, 2022-2032

Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Material, 2022-2032

Table 31: Latin America Market Value (US$ Mn) Analysis, by Application, 2017-2021

Table 32: Latin America Market Value (US$ Mn) Analysis, by Application, 2022-2032

Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2022-2032

Table 34: Latin America Market Value (US$ Mn) Analysis, by End Use, 2017-2021

Table 35: Latin America Market Value (US$ Mn) Analysis, by End Use, 2022-2032

Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by End Use, 2022-2032

Table 37: Europe Market Value (US$ Mn) Analysis, by Country, 2017-2021

Table 38: Europe Market Value (US$ Mn) Analysis, by Country, 2022-2032

Table 39: Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2022-2032

Table 40: Europe Market Value (US$ Mn) Analysis, by Material, 2017-2021

Table 41: Europe Market Value (US$ Mn) Analysis, by Material, 2022-2032

Table 42: Europe Market Value (US$ Mn) Opportunity Analysis, by Material, 2022-2032

Table 43: Europe Market Value (US$ Mn) Analysis, by Application, 2017-2021

Table 44: Europe Market Value (US$ Mn) Analysis, by Application, 2022-2032

Table 45: Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2022-2032

Table 46: Europe Market Value (US$ Mn) Analysis, by End Use, 2017-2021

Table 47: Europe Market Value (US$ Mn) Analysis, by End Use, 2022-2032

Table 48: Europe Market Value (US$ Mn) Opportunity Analysis, by End Use, 2022-2032

Table 49: Asia Pacific Market Value (US$ Mn) Analysis, by Country, 2017-2021

Table 50: Asia Pacific Market Value (US$ Mn) Analysis, by Country, 2022-2032

Table 51: Asia Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2022-2032

Table 52: Asia Pacific Market Value (US$ Mn) Analysis, by Material, 2017-2021

Table 53: Asia Pacific Market Value (US$ Mn) Analysis, by Material, 2022-2032

Table 54: Asia Pacific Market Value (US$ Mn) Opportunity Analysis, by Material, 2022-2032

Table 55: Asia Pacific Market Value (US$ Mn) Analysis, by Application, 2017-2021

Table 56: Asia Pacific Market Value (US$ Mn) Analysis, by Application, 2022-2032

Table 57: Asia Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2022-2032

Table 58: Asia Pacific Market Value (US$ Mn) Analysis, by End Use, 2017-2021

Table 59: Asia Pacific Market Value (US$ Mn) Analysis, by End Use, 2022-2032

Table 60: Asia Pacific Market Value (US$ Mn) Opportunity Analysis, by End Use, 2022-2032

Table 61: MEA Market Value (US$ Mn) Analysis, by Country, 2017-2021

Table 62: MEA Market Value (US$ Mn) Analysis, by Country, 2022-2032

Table 63: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2022-2032

Table 64: MEA Market Value (US$ Mn) Analysis, by Material, 2017-2021

Table 65: MEA Market Value (US$ Mn) Analysis, by Material, 2022-2032

Table 66: MEA Market Value (US$ Mn) Opportunity Analysis, by Material, 2022-2032

Table 67: MEA Market Value (US$ Mn) Analysis, by Application, 2017-2021

Table 68: MEA Market Value (US$ Mn) Analysis, by Application, 2022-2032

Table 69: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2022-2032

Table 70: MEA Market Value (US$ Mn) Analysis, by End Use, 2017-2021

Table 71: MEA Market Value (US$ Mn) Analysis, by End Use, 2022-2032

Table 72: MEA Market Value (US$ Mn) Opportunity Analysis, by End Use, 2022-2032

List of Figures

Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2017-2021

Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2022-2032

Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2017-2032

Figure 04: Global Market Incremental $ Opportunity, 2022-2032

Figure 05: Global Market Share and BPS Analysis by Material, 2022 & 2032

Figure 06: Global Market Y-o-Y Growth Projections by Material, 2022-2032

Figure 07: Global Market Attractiveness Analysis by Material, 2022-2032

Figure 08: Global Market Share and BPS Analysis by Application, 2022 & 2032

Figure 09: Global Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 10: Global Market Attractiveness Analysis by Application, 2022-2032

Figure 11: Global Market Share and BPS Analysis by End Use, 2022 & 2032

Figure 12: Global Market Y-o-Y Growth Projections by End Use, 2022-2032

Figure 13: Global Market Attractiveness Analysis by End Use, 2022-2032

Figure 14: Global Market Share and BPS Analysis by Region, 2022 & 2032

Figure 15: Global Market Y-o-Y Growth Projections by Region, 2022-2032

Figure 16: Global Market Attractiveness Analysis by Region, 2022-2032

Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2017-2021

Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2022-2032

Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2032

Figure 20: North America Market Incremental $ Opportunity, 2022-2032

Figure 21: North America Market Share Analysis by Country, 2022 & 2032

Figure 22: North America Market Y-o-Y Growth Projection by Country, 2022-2032

Figure 23: North America Market Attractiveness Analysis by Country, 2022-2032

Figure 24: North America Market Share and BPS Analysis by Material, 2022 & 2032

Figure 25: North America Market Y-o-Y Growth Projections by Material, 2022-2032

Figure 26: North America Market Attractiveness Analysis by Material, 2022-2032

Figure 27: North America Market Share and BPS Analysis by Application, 2022 & 2032

Figure 28: North America Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 29: North America Market Attractiveness Analysis by Application, 2022-2032

Figure 30: North America Market Share and BPS Analysis by End Use, 2022 & 2032

Figure 31: North America Market Y-o-Y Growth Projections by End Use, 2022-2032

Figure 32: North America Market Attractiveness Analysis by End Use, 2022-2032

Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2017-2021

Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2022-2032

Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2017-2032

Figure 36: Latin America Market Incremental $ Opportunity, 2022-2032

Figure 37: Latin America Market Share Analysis by Country, 2022 & 2032

Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2022-2032

Figure 39: Latin America Market Attractiveness Analysis by Country, 2022-2032

Figure 40: Latin America Market Share and BPS Analysis by Material, 2022 & 2032

Figure 41: Latin America Market Y-o-Y Growth Projections by Material, 2022-2032

Figure 42: Latin America Market Attractiveness Analysis by Material, 2022-2032

Figure 43: Latin America Market Share and BPS Analysis by Application, 2022 & 2032

Figure 44: Latin America Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 45: Latin America Market Attractiveness Analysis by Application, 2022-2032

Figure 46: Latin America Market Share and BPS Analysis by End Use, 2022 & 2032

Figure 47: Latin America Market Y-o-Y Growth Projections by End Use, 2022-2032

Figure 48: Latin America Market Attractiveness Analysis by End Use, 2022-2032

Figure 49: Europe Market Value (US$ Mn) Historical Analysis, 2017-2021

Figure 50: Europe Market Value (US$ Mn) Forecast and Analysis, 2022-2032

Figure 51: Europe Market Value Y-o-Y Growth and Forecast, 2017-2032

Figure 52: Europe Market Incremental $ Opportunity, 2022-2032

Figure 53: Europe Market Share Analysis by Country, 2022 & 2032

Figure 54: Europe Market Y-o-Y Growth Projection by Country, 2022-2032

Figure 55: Europe Market Attractiveness Analysis by Country, 2022-2032

Figure 56: Europe Market Share and BPS Analysis by Material, 2022 & 2032

Figure 57: Europe Market Y-o-Y Growth Projections by Material, 2022-2032

Figure 58: Europe Market Attractiveness Analysis by Material, 2022-2032

Figure 59: Europe Market Share and BPS Analysis by Application, 2022 & 2032

Figure 60: Europe Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 61: Europe Market Attractiveness Analysis by Application, 2022-2032

Figure 62: Europe Market Share and BPS Analysis by End Use, 2022 & 2032

Figure 63: Europe Market Y-o-Y Growth Projections by End Use, 2022-2032

Figure 64: Europe Market Attractiveness Analysis by End Use, 2022-2032

Figure 65: Asia Pacific Market Value (US$ Mn) Historical Analysis, 2017-2021

Figure 66: Asia Pacific Market Value (US$ Mn) Forecast and Analysis, 2022-2032

Figure 67: Asia Pacific Market Value Y-o-Y Growth and Forecast, 2017-2032

Figure 68: Asia Pacific Market Incremental $ Opportunity, 2022-2032

Figure 69: Asia Pacific Market Share Analysis by Country, 2022 & 2032

Figure 70: Asia Pacific Market Y-o-Y Growth Projection by Country, 2022-2032

Figure 71: Asia Pacific Market Attractiveness Analysis by Country, 2022-2032

Figure 72: Asia Pacific Market Share and BPS Analysis by Material, 2022 & 2032

Figure 73: Asia Pacific Market Y-o-Y Growth Projections by Material, 2022-2032

Figure 74: Asia Pacific Market Attractiveness Analysis by Material, 2022-2032

Figure 75: Asia Pacific Market Share and BPS Analysis by Application, 2022 & 2032

Figure 76: Asia Pacific Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 77: Asia Pacific Market Attractiveness Analysis by Application, 2022-2032

Figure 78: Asia Pacific Market Share and BPS Analysis by End Use, 2022 & 2032

Figure 79: Asia Pacific Market Y-o-Y Growth Projections by End Use, 2022-2032

Figure 80: Asia Pacific Market Attractiveness Analysis by End Use, 2022-2032

Figure 81: MEA Market Value (US$ Mn) Historical Analysis, 2017-2021

Figure 82: MEA Market Value (US$ Mn) Forecast and Analysis, 2022-2032

Figure 83: MEA Market Value Y-o-Y Growth and Forecast, 2017-2032

Figure 84: MEA Market Incremental $ Opportunity, 2022-2032

Figure 85: MEA Market Share Analysis by Country, 2022 & 2032

Figure 86: MEA Market Y-o-Y Growth Projection by Country, 2022-2032

Figure 87: MEA Market Attractiveness Analysis by Country, 2022-2032

Figure 88: MEA Market Share and BPS Analysis by Material, 2022 & 2032

Figure 89: MEA Market Y-o-Y Growth Projections by Material, 2022-2032

Figure 90: MEA Market Attractiveness Analysis by Material, 2022-2032

Figure 91: MEA Market Share and BPS Analysis by Application, 2022 & 2032

Figure 92: MEA Market Y-o-Y Growth Projections by Application, 2022-2032

Figure 93: MEA Market Attractiveness Analysis by Application, 2022-2032

Figure 94: MEA Market Share and BPS Analysis by End Use, 2022 & 2032

Figure 95: MEA Market Y-o-Y Growth Projections by End Use, 2022-2032

Figure 96: MEA Market Attractiveness Analysis by End Use, 2022-2032