Shape Memory Polymer Market Segmentation: Key Insights on Size and Share
The shape memory polymer market was estimated at USD 0.65 billion in 2023 and is likely to grow at a CAGR of 24.77% during 2024-2029 to reach USD 2.44 billion in 2029.
Shape memory polymer is a polymeric smart material that can return to its original permanent state when subjected to external stimuli such as magnetic field, light, temperature, electricity, and chemical external. It possesses properties such as lightweight, low density, good shape recovery, and ease of processing.