Deerfield Beach, FL -- (SBWIRE) -- 07/16/2015 -- Global Smart Materials Market 2015-2018

Smart materials are specialty building materials whose properties tend to vary when subjected to external stimuli such as stress, temperature, moisture, pH, and magnetic field. These materials are called smart materials because of the change inherent in them, and not due to an external force. Smart materials have been on the market for many years and serve a large number of end-use applications including construction, transport, medical, and leisure. Smart materials could be classified into many types: piezoelectric materials, shape memory alloys, magnetostrictive materials, thermoelectric materials, rheological fluids, and others.

Global Smart Materials market to grow at a CAGR of 12.61 percent over the period 2013-2018.

In addition, it discusses the major drivers that influence the growth of the market and also outlines the challenges faced by vendors and the market at large, as well as the key trends emerging in the market.

With the rising investment in R&D for product innovation and the rising demand from the automotive industry, the demand for smart materials is expected to rise considerably in the coming years.

"Smart packaging is a growing trend and is picking up a lot of attention in many regions of the world on account of its sustainability and enhanced safety,"

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Covered in this Report
This report covers the present scenario and the growth prospects of the Global Smart Materials market for the period 2015-2018. To calculate the market size, the report considers the revenue generated through the sales of smart materials by these vendors. It provides data about different segments of the Global Smart Materials market 2014-2018, which are based on the following:

Material (Piezoelectric Material, Magnetostrictive Material, Thermoelectric Material, Shape Memory Alloy, Rheological Fluids, and Others)

Application (Motors, Sensors, Transducers, and Building Materials)

End-Use (Transportation, Agriculture and Food, Healthcare, Construction and Infrastructure, Leisure and Sports, and Others)

Geography (APAC, EMEA, and the Americas)

"In the near future, focus is expected to be on better design and optimum use of materials to produce packages that could be easier to open."

Key Regions:
Americas
APAC
EMEA

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Key Market Drivers:
Increasing Demand from Military Aerospace Sector
Rising Demand from Construction Industry
Rising R&D Efforts
Growth in Online Shopping

Key Market Trends:
Smart Packaging in Consumer Goods
Nanotechnology in Smart Materials
Piezoelectric Materials for Brakes and Steering in Automotive

Key Market Vendors:
Advanced Cerametrics
Aerofit
Bayer Material Science
Metglas

To define the market circumstances in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.