United States 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 M

United States 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 9.0% on an annual basis to reach US$15,900.9 million in 2023.

Medium to long term growth story of smart materials in United States remains strong. Smart materials adoption is expected to grow steadily over the forecast period, recording a CAGR of 9.6% during 2023-2027. The smart materials in the country will increase from US$14,581.8 million in 2022 to reach US$22,902.0 million by 2027.

With concerns about energy consumption and climate change on the rise, the need for infrastructure and residential buildings that are energy-efficient and environmentally friendly is also surging in the United States. Smart materials are helping to meet this demand, resulting in a growing market size over the last few years.

From the short to medium-term perspective, ConsTrack360 expects innovation in the smart materials space to continue to grow, which will subsequently aid the industry growth in the United States. Researchers are exploring new materials that can save energy. These materials have the potential to revolutionize the construction sector in the North American market, by enabling developers to build projects that are more energy-efficient, cost-effective, and sustainable.

Innovation will aid the growth of the smart material segment in the United States construction industry

Over the next five years, innovation in the construction smart material space will play a pivotal role in the growth of the segment in the United States. Researchers have already made major inroads into the segment by developing innovative materials that can change color to save energy.
• In January 2023, researchers at the Pritzker School of Molecular Engineering (PME), announced that they had developed an innovative smart material to regulate the building temperatures. Notably, the chameleon-like building material has the ability to change its infrared colors. Furthermore, the material also has the ability to change the amount of heat it absorbs and emits depending on the outside temperature.
• According to the researchers, the innovative solution can emit up to 92% of the infrared heat it contains. This allows the material to cool the inside of the building, resulting in saved energy. On cold days, the material emits only 7% of its infrared heat, which means that it can also keep the building warm. It is worth noting that the smart material comprises a layer that can incorporate solid copper, which retains a significant amount of infrared heat. Alternatively, the layer can contain a watery solution that emits infrared.

At present, the group of researchers has developed small pieces of the smart material, which are six centimeters in size. However, they have announced that multiple patches of the material could be coupled, just like shingles, to create bigger and larger sheets. Furthermore, the innovative solution can also be customized with various colors while retaining its ability to absorb infrared. Such innovative solutions are expected to aid the growth of the smart material industry in the United States over the next five years.

Pentagon has launched a project to develop self-repairing concrete material in the United States

The United States Defense Advanced Research Projects Agency (DARPA), in April 2023, announced a project that aims to develop solution for self-repairing cracks in government-owned infrastructures. The project aims to integrate self-repairing capabilities, similar to those found in living organisms, into various construction materials, including concrete. The objective of this initiative is to prolong the lifespan of defense structures, including airfields and missile silos.

For developing the innovative solution, Pentagon has selected the Lawrence Livermore National Laboratory, Battelle Memorial Institute, and the University of Colorado Boulder. The stakeholders have suggested to incorporate a network of vasculature into concrete, which mimics the vascular system present in living organisms. Notably, this network of vasculature will facilitate heat and mass supply for substance, growth, and repair. In addition to repairing the cracks in buildings, the network will also allow the diagnosis of the root cause of structural deterioration.

Over the next four to five years, the innovative project aims to deliver smart material for larger defense structures. These innovative projects, funded by the government, will also aid the smart materials industry growth in the United States from the short to medium-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 United States, 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 United States.
• 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 United States. With over 170+ KPIs at the country level, this report provides comprehensive understanding of market dynamics at a more granular level.

United States 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

United States 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

United States 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

United States Smart Materials By Material X End-Use, 2018-2027

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

United States 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 United States
• Comparable Data: Get detailed and comparable data for the smart materials market across 50 countries