Shape Memory Materials Market - Forecast(2021 - 2026)
Shape Memory Material Market size is forecast to reach $23.3 billion by 2026 , after growing at a CAGR of 10.9% during 2021-2026. Shape memory materials (SMMs) have the ability to recover its original shape from a significant and seemingly plastic deformation. The shape memory material is being widely used in structural engineering for protecting buildings against earthquakes due to its vibration-damping properties. Moreover, the beneficial properties of shape memory materials like high mechanical strength, fatigue resistance, Elastic buckling, and lightweight properties further drive the market growth. Besides, growth in end-use industries like biomedical, aerospace & defense, and consumer electronics in emerging countries like China, Brazil, Argentina, and India are also driving the shape-memory materials market share globally. Furthermore, the growing use of muscle wires in space missions, textile electronics, arterial stints, robotics, orthodontic brac...