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Shape Memory Polymer Market Size, Latest Trends, Regional Insights Dynamics By 2032

The global shape memory polymer market is projected to grow at a CAGR of 26.9% between 2022 and 2032, according to a recently published study by Future Market Insights. As of 2022, the market is slated to be valued at US$ 450.4 Million. By the end of the 2022-2032 forecast period, the market is expected to be valued at US$ 3.5 Billion.

Shape memory polymers are smart materials that can change their shape in response to external stimuli. The materials find extensive use in the automotive, biomedical, and aerospace industries.

The 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. These shape memory polymers (SMPs), as stimuli-responsive materials, have garnered worldwide fame.

Shape memory polymers are also intensively found 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 is more so when the government is promoting an eco-friendly zone and green buildings to lower the carbon footprint and protect the environment.

Competitive Landscape

The global shape-memory polymer market is fairly consolidated as the majority of the market share is divided among a few players. Some of the key players in the market include BASF SE, COVESTRO AG, Evonik Industries AG, SMP Technologies Inc., and Spintech Holdings Inc., among others.

Get a Sample Copy of the Report @
https://www.futuremarketinsigh....ts.com/reports/sampl

Key Segments Covered in the Shape Memory Polymer Industry Report

Shape Memory Polymer Market by Material:

Polyurethane (PU) Shape Memory Polymer
Polyvinyl Chloride (PVC) Shape Memory Polymer
Acrylic Shape Memory Polymer
Epoxy Shape Memory Polymer
Other Shape Memory Polymer Material

Shape Memory Polymer Market by Application:

Shape Memory Polymer for Research & Development
Shape Memory Polymer for Commercial Applications

Shape Memory Polymer Market by End Use:

Shape Memory Polymer for Biomedical Use
Shape Memory Polymer for Automotive
Shape Memory Polymer for Aerospace
Shape Memory Polymer for Textile
Shape Memory Polymer for Other End Uses

“With continued attraction for shape memory polymer product in end-user industries such as healthcare, biomedical, construction, automotive textile and aerospace, for changing contours dictated by random needs, and in a spate of lesser known applications, the product is poised to achieve growing market share in  forthcoming years”, remarks the FMI Analyst.

Browse the latest Market Reports@ 
https://www.futuremarketinsigh....ts.com/category/chem

Barbituric Acid Market Innovations, Technology Growth and Research by 2022-2032

The world barbituric acid market is expected to reach around US$ 19.8 Million by 2022.  Furthermore, with increasing adoption of barbituric acid in industries like pharmaceutical, plastic, polymer, textile, etc., the total demand for barbituric acid is likely to grow at a constant CAGR of 4.6 % between 2022 and 2032 for a total of over US$ 31.04 Million by 2032.

Barbituric acid is predominantly used for the production of barbiturate drugs. Barbituric acid is an organic compound characterized by a six-membered ring structure and belongs to the cl**** of the pyrimidine family. One of the barbiturate drugs produced using barbituric acid is riboflavin which is used as a vitamin B2 nutritional supplement.

Barbiturate drugs have a sedative effect on the central nervous system and are being prescribed for anxiety. These drugs act as central nervous system depressants and are used for the treatment of insomnia, and epilepsy amongst others. Apart from its use as a pharmaceutical intermediate, barbituric acid is also used as a dye intermediate and as a nutritional supplement.

Global Barbituric Acid Market Participants

Some of the market participants identified across the value chain of the global Barbituric Acid market are:

Hebei Chengxin Co., Ltd.
Ralington Pharma
Explicit chmicals pvt. ltd.
Zhengzhou Lifeng Chemical Co.,Ltd.
Danopharm Chemicals Pvt. Ltd.
CDH Druh House (P) Ltd.
Hunan HongQiang Chem Technology Development Co., Ltd.
Sparchem
Hem Corporation
GFS Chemicals Inc

Get a Sample Copy of the Report @
https://www.futuremarketinsigh....ts.com/reports/sampl

Global Barbituric Acid Market Restraints

One of the major challenges faced by global barbituric acid manufacturers is the stringent regulations pertaining to the manufacture of barbiturates drugs and other pharmaceutical products.

The use of barbiturate drugs is being strictly monitored by the Drug Abuse Prevention and Control Act. The side effects of the usage of such drugs and regulations for their dosage and content is a major factor which is likely to impact the global barbituric acid market.

Key Segments Profiled in the Barbituric Acid Industry Survey

By Grade:

Regular grade 98% (Industrial Grade)
High Purity Grade 99% (Pharmaceutical Grade)

By Application:

Pharmaceutical intermediate
Dye intermediate
Nutritional supplement

By End-Use Industry:

Plastics
Textiles
Polymers
Pharmaceutical
Others

Global Barbituric Acid Market Trends

Apart from its major use for the manufacture of barbiturate drugs, barbituric acid is also used as a nutritional supplement for vitamin B2 deficiency. Barbituric acid is also increasingly being used as a dye intermediate used in the textile industry. Manufacturers of barbituric acid are generating a significant amount of revenue from exports to developing countries globally.

Browse the latest Market Reports@ 
https://www.futuremarketinsigh....ts.com/category/chem