Germany Smart Materials Industry Databook Series – Market Size & Forecast by Value Across 170+ Market Segments in Shape Memory Alloy, Piezoelectric Materials, Thermo-Responsive Materials, Magnetostrictive Materials, Chromic Materials, pH Sensitive Materia

Germany Smart Materials Industry Databook Series – Market Size & Forecast by Value Across 170+ Market Segments in Shape Memory Alloy, Piezoelectric Materials, Thermo-Responsive Materials, Magnetostrictive Materials, Chromic Materials, pH Sensitive Materials, Magnetorheological Materials, Phase Change Material, and Self-Healing Material, Q2 2023 Update

According to ConsTrack360, Smart materials in the country are expected to grow by 7.6% on an annual basis to reach US$2,026.3 million in 2023.

Medium to long term growth story of smart materials in Germany remains strong. Smart materials adoption is expected to grow steadily over the forecast period, recording a CAGR of 7.9% during 2023-2027. The smart materials in the country will increase from US$1,883.9 million in 2022 to reach US$2,748.4 million by 2027.

The German smart materials industry is poised to record strong growth over the next five years. The industry growth will be driven by the growing adoption of smart materials for constructing sustainable buildings. Alongside the adoption of smart materials in the residential and infrastructure segment, ConsTrack360 expects the adoption to also accelerate in the commercial sector over the next few years in Germany.

The growing research in the space, coupled with the innovative startup landscape, is also projected to aid the market growth from the medium to long-term perspective. Government involvement in the smart materials sector is also expected to grow in Germany amid the movement of net zero goals. Overall, ConsTrack360 expects the industry to record strong growth in Germany over the next five years.

Firms are using smart materials to build the most sustainable commercial buildings in Germany

The shift towards the development of more sustainable and energy-efficient buildings is expected to accelerate in 2023. This will lead to the adoption of more smart construction materials in Germany going forward.
• In September 2022, UNStudio, the Dutch architectural firm, revealed its design proposal for NION, a commercial building located in Frankfurt, Germany. The project is slated to become the most sustainable office building. The commercial project will be integrated with innovative technology leading to saved resources and will be shaped with forward-thinking architectural concepts.
• Alongside the usage of prefabricated components, the building will also use sustainable, recyclable, and circular construction materials. Notably, the commercial building will respond to weather and actual demand in an intelligent manner, which will further its boost the sustainability of the construction project.

From the short to medium-term perspective, ConsTrack360 expects more such sustainable construction projects to be launched in Germany, thereby driving the adoption of smart construction materials. This will keep aiding the growth of the market over the next five years in Germany.

Growing innovation in the space will aid the German smart materials industry in 2023 and beyond

The construction industry is one of the biggest contributors to carbon emissions. Consequently, many government organizations are urging construction developers and other related industries to innovate in the segment and develop solutions that can reduce carbon emissions. The trend is projected to gain momentum in Germany as well from the short to medium-term perspective. Consequently, leading to growing innovation in the sector over the next three to four years.

In addition to this, the demand for smart construction materials is also expected to increase among homeowners who are struggling with rising energy costs. Many, across Germany, are retrofitting their old houses with prefabricated units to turn their homes into more energy-efficient, thereby reducing energy bills. As the trend continues to gain momentum, ConsTrack360 expects the adoption of smart construction materials to grow in the renovation space as well in Germany over the next three to four years. All of these factors will keep aiding the growth of the smart materials market in Germany from the medium to long-term perspective.

This market intelligence report from ConsTrack360 provides a detailed view of market opportunities in the smart materials industry at country level. With over 170+ KPIs, covering market size by end-use, application areas, and smart materials types in Germany, this Databook offering primarily provides data-centric analysis with charts and tables.
• End-Use Market Dynamics: Provides a comprehensive data-centric view of size and structure, industry dynamics, and smart materials opportunities in various end-use sectors in Germany.
• Application Areas: Provides an in-depth analysis of smart material application areas across various end-use sector at country level.
• Smart Materials Types: Provides demand analysis of market by 9 key smart materials types. Shape Memory Alloy, Piezoelectric Materials, Thermo-Responsive Materials, Magnetostrictive Materials, Chromic Materials, pH Sensitive Materials, Magnetorheological Materials, Phase Change Material, and Self-Healing Material. This segment provides in-depth analysis of use of smart materials in end-use sectors.It also provides cross segmentation analysis of each material type into end-use and application.

ConsTrack360’s research methodology is based on industry best practices. Its unbiased analysis leverages a proprietary analytics platform to offer a detailed view on emerging business and investment market opportunities

Scope

This report provides a detailed data-centric analysis of the smart materials industry, covering market opportunity, and industry dynamics by smart materials types, end-use sector and application areas

In addition, it also provides market size and forecast of the smart materials types demand analysis in Germany. With over 170+ KPIs at the country level, this report provides comprehensive understanding of market dynamics at a more granular level.

Germany Smart Materials Market Size by Type, 2018-2027
• Shape Memory Alloy
• Piezoelectric Materials
• Thermo-Responsive Materials
• Magnetostrictive Materials
• Chromic Materials
• pH Sensitive Materials
• Magnetorheological Materials
• Phase Change Material
• Self-Healing Material

Germany Smart Materials Market Size by End-Use, 2018-2027
• Aerospace & Defence Industry
• Biomedical & Pharmaceutical Industry
• Industrial Manufacturing Industry
• Technology Industry
• Construction Industry
• Food & Beverages Industry
• Automotive and Transportation Industry
• Energy & Utility Industry
• Other Industry

Germany Smart Materials Market Size by Application Areas, 2018-2027
• Food Packaging
• Food Processing
• Food Safety
• Materials & Manufacturing
• Mechanical & Functional Response
• Process Management
• Drug Delivery Systems
• Tissue Engineering
• Diagnostics
• Antibacterial Materials
• Devices
• Building Materials
• Coatings
• Energy Storage
• Energy Harvesting
• Robotics
• Other

Germany Smart Materials By Material X End-Use, 2018-2027

Germany Smart Materials By Material X End-use Sector X Application, 2018-2027

Germany Smart Materials By End-use Sector X Application, 2018-2027

Reasons to Buy
• In-depth Understanding of Smart Materials Market: Market opportunity and key data trends across 170+ market segments.
• Deeper Segmentation of Smart Materials: Market size and forecast by types, end-use, and application areas.
• Develop Market-Specific Strategies: Identify growth segments and target specific opportunities to formulate your strategy; assess market-specific key trends, drivers, and risks in the smart materials industry in Germany
• Comparable Data: Get detailed and comparable data for the smart materials market across 50 countries