Shape memory polymers had a market value of nearly 315 million U.S. dollars worldwide in 2018. By 2025, this material's market value is forecast to increase by more than one billion U.S. dollars.
Shape memory polymers are polymeric smart materials that can temporarily hold a deformed shape (as compared to their permanent, typical shape) when they are exposed to certain stimuli in order to perform some function.
Market value of shape memory polymers worldwide in 2018 and 2025
(in million U.S. dollars)
*Forecast based on a compound annual growth rate of 25.1 percent during the forecast period of 2019-2025. The source stats this figure to be greater than 1.4 billion U.S. dollars but does not specify the exact forecast value.
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Global Market Insights. (May 1, 2019). Market value of shape memory polymers worldwide in 2018 and 2025 (in million U.S. dollars) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/712189/shape-memory-polymers-worldwide-market-size/
Global Market Insights. "Market value of shape memory polymers worldwide in 2018 and 2025 (in million U.S. dollars)." Chart. May 1, 2019. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/712189/shape-memory-polymers-worldwide-market-size/
Global Market Insights. (2019). Market value of shape memory polymers worldwide in 2018 and 2025 (in million U.S. dollars). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/712189/shape-memory-polymers-worldwide-market-size/
Global Market Insights. "Market Value of Shape Memory Polymers Worldwide in 2018 and 2025 (in Million U.S. Dollars)." Statista, Statista Inc., 1 May 2019, https://www.statista.com/statistics/712189/shape-memory-polymers-worldwide-market-size/
Global Market Insights, Market value of shape memory polymers worldwide in 2018 and 2025 (in million U.S. dollars) Statista, https://www.statista.com/statistics/712189/shape-memory-polymers-worldwide-market-size/ (last visited November 21, 2024)
Market value of shape memory polymers worldwide in 2018 and 2025 (in million U.S. dollars) [Graph], Global Market Insights, May 1, 2019. [Online]. Available: https://www.statista.com/statistics/712189/shape-memory-polymers-worldwide-market-size/
