TMCnet News
Smart Materials - A Global Market Overview 2014-2023 - ResearchAndMarkets.comThe "Smart Materials - A Global Market Overview" report has been added to ResearchAndMarkets.com's offering. The report reviews, analyzes and projects the global Smart Materials market for the period 2014-2023 in terms of market value in US$ and the compound annual growth rates (CAGRs) projected from 2017 through 2023 Smart Materials constitute a class of advanced materials capable of sensing and responding to a wide variety of stimuli that can include electric and magnetic fields, temperature, pressure, mechanical stress, hydrostatic pressure, nuclear radiation and pH change. The inherently unique characteristics of these materials make it possible for them to revert back to their original state after the external stimulus is removed. This next generation of intelligent materials displays adaptive capabilities and alters its physical properties such as shape, stiffness and viscosity in a specified manner. Smart Materials have multiple functionalities, such as self-adaptability, self-sensing, self-healing and memory, which allow them to be used in a variety of applications. As per the findings, Phase Change Materials (PCMs) constitute the fastest growing material type with a robust 20% CAGR in the global market for Smart Materials. The increasing application of structural products in applications, such as building resources, electronics cooling, energy storage, shipping and packaging would further propel demand for these materials. Piezoelectric Materials corner the largest share of the global Smart Materials market, accounting for a forecast 66% share in 2018. Research Findings & Coverage
The report analyzes the market for the key material types and sub-types of Smart Materials including:
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/research/rgbhtq/smart_materials?w=4 View source version on businesswire.com: https://www.businesswire.com/news/home/20180808005328/en/ |