Shape Memory Materials Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Shape Memory Materials Market Applications and Technologies and is segmented by Alloy Type (Nitinol, Copper-based Alloys, Nickel-based Alloys, Niobium, Stainless Steel, and Other Alloy Types), Polymer Type (Polyethylene Terephthalate, Polyurethane Films, Polyethylene, Nylon, Polypropylene, and Other Polymer Types), Application (Actuators, Stent, Transducers, Surgical Fixation and Other Medical applications, Clothing, Valves, and Other Applications), End-user Industry (Aerospace, Automotive, Medical and Healthcare, Robotics, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The report offers market size and forecasts for Shape Memory Materials in revenue (USD million) for all the above segments.

Shape Memory Materials Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Shape Memory Materials Market Size

Shape Memory Materials Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 10.00 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Shape Memory Materials Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Shape Memory Materials Market with other markets in Chemicals & Materials Industry

Plastics, Polymers, and Elastomers

Adhesives and Sealants

Commodity Chemicals

Water and Wastewater Treatment

Advanced Materials

Construction Chemicals and Materials

Shape Memory Materials Market Analysis

The Shape Memory Materials Market is expected to register a CAGR of greater than 10% during the forecast period.

  • The Medical and Healthcare industry is likely to witness the highest growth rate during the forecast period.
  • North America is likely to account for the highest share of the market studied during the forecast period.

North America to Dominate the Market

  • Currently, North America is the major consumer of shape-memory materials. This is primarily due to the growing medical industry in the United States and neighboring countries.
  • Additionally, the demand for shape memory polymers from the aerospace sector exhibited significant growth in the near past.
  • There has also been significant growth in the demand for shape-memory materials from Canada and Mexico for usage in industries like healthcare, aerospace, etc.
  • However, the declining automotive production in the region may slightly hinder the market growth in the region in the coming years.
  • Hence, owing to the above-mentioned factors, North America is likely to dominate the market studied during the forecast period.

Shape Memory Materials Industry Overview

The global shape memory materials market is moderately fragmented with the market share divided among many players. Some of the key players in the market include ATI, NIPPON STEEL CORPORATION, Covestro AG, SMP Technologies Inc, and BASF SE, among others.

Shape Memory Materials Market Leaders

  1. ATI

  2. NIPPON STEEL CORPORATION

  3. Covestro AG

  4. SMP Technologies Inc

  5. BASF SE

  6. *Disclaimer: Major Players sorted in no particular order
Shape Memory Materials Market Concentration
Need More Details on Market Players and Competiters?
Download PDF

Shape Memory Materials Market News

  • In April 2021, DJO, a subsidiary of Colfax Corporation, has announced that it has completed the acquisition of MedShape, Inc., a provider of shape memory surgical solutions for foot and ankle using its patented superelastic nickel titanium (NiTiNOL) shape memory alloy and shape memory polymer technologies., thereby, the acquisition has enhanced the company's shape memory solutions business.

Shape Memory Materials Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Applications in Aerospace Industry
    • 4.1.2 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Relatively Low Stiffness Values
    • 4.2.2 Other Restraints
  • 4.3 Industry Value-chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Consumers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION

  • 5.1 Alloy Type
    • 5.1.1 Nitinol
    • 5.1.2 Copper-based Alloys
    • 5.1.3 Nickel-based Alloys
    • 5.1.4 Niobium
    • 5.1.5 Stainless Steel
    • 5.1.6 Other Alloy Types
  • 5.2 Polymer Type
    • 5.2.1 Polyethylene Terephthalate
    • 5.2.2 Polyurethane Films
    • 5.2.3 Polyethylene
    • 5.2.4 Nylon
    • 5.2.5 Polypropylene
    • 5.2.6 Other Polymer Types
  • 5.3 Application
    • 5.3.1 Actuators
    • 5.3.2 Stent
    • 5.3.3 Transducers
    • 5.3.4 Surgical Fixation and Other Medical applications
    • 5.3.5 Clothing
    • 5.3.6 Valves
    • 5.3.7 Other Applications
  • 5.4 End-User Industry
    • 5.4.1 Aerospace
    • 5.4.2 Automotive
    • 5.4.3 Medical and Healthcare
    • 5.4.4 Robotics
    • 5.4.5 Other End-User Industries
  • 5.5 Geography
    • 5.5.1 Asia-Pacific
    • 5.5.1.1 China
    • 5.5.1.2 India
    • 5.5.1.3 Japan
    • 5.5.1.4 South Korea
    • 5.5.1.5 ASEAN Countries
    • 5.5.1.6 Rest of Asia-Pacific
    • 5.5.2 North America
    • 5.5.2.1 United States
    • 5.5.2.2 Canada
    • 5.5.2.3 Mexico
    • 5.5.3 Europe
    • 5.5.3.1 Germany
    • 5.5.3.2 United Kingdom
    • 5.5.3.3 Italy
    • 5.5.3.4 France
    • 5.5.3.5 Rest of Europe
    • 5.5.4 South America
    • 5.5.4.1 Brazil
    • 5.5.4.2 Argentina
    • 5.5.4.3 Rest of South America
    • 5.5.5 Middle-East and Africa
    • 5.5.5.1 Saudi Arabia
    • 5.5.5.2 South Africa
    • 5.5.5.3 Rest of Middle-East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 ATI
    • 6.4.2 BASF SE
    • 6.4.3 Cornerstone Research Group
    • 6.4.4 Covestro AG
    • 6.4.5 DJO (Colfax Corporation)
    • 6.4.6 DYNALLOY, Inc
    • 6.4.7 Medtronic
    • 6.4.8 Memry Corporation
    • 6.4.9 Spintech Holdings Inc.
    • 6.4.10 Johnson Matthey
    • 6.4.11 Fort Wayne Metals Research Products Corp
    • 6.4.12 SMP Technologies Inc
    • 6.4.13 EUROFLEX GmbH
    • 6.4.14 SAES Getters S.p.A.
    • 6.4.15 NIPPON STEEL CORPORATION
    • 6.4.16 xsma, Inc.
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Shape Memory Materials Industry Segmentation

The shape memory materials market is segmented by alloy type, polymer type, application, end-user industry, and geography. By alloy type, the market is segmented into Nitinol, Copper-based Alloys, Nickel-based Alloys, Niobium, Stainless Steel, and Other Alloy Types. By polymer type, the market is segmented into Polyethylene Terephthalate, Polyurethane Films, Polyethylene, Nylon, Polypropylene, and Other Polymer Types. By application, the market is segmented into Actuators, Stent, Transducers, Surgical Fixation and Other Medical applications, Clothing, Valves, and Other Applications. By end-user industry, the market is segmented into Aerospace, Automotive, Medical and Healthcare, Robotics, and Other End-user Industries. The report also covers the market size and forecasts for the shape memory materials market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done on the basis of revenue (USD million).

Alloy Type Nitinol
Copper-based Alloys
Nickel-based Alloys
Niobium
Stainless Steel
Other Alloy Types
Polymer Type Polyethylene Terephthalate
Polyurethane Films
Polyethylene
Nylon
Polypropylene
Other Polymer Types
Application Actuators
Stent
Transducers
Surgical Fixation and Other Medical applications
Clothing
Valves
Other Applications
End-User Industry Aerospace
Automotive
Medical and Healthcare
Robotics
Other End-User Industries
Geography Asia-Pacific China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Rest of Europe
South America Brazil
Argentina
Rest of South America
Middle-East and Africa Saudi Arabia
South Africa
Rest of Middle-East and Africa
Need A Different Region or Segment?
Customize Now

Shape Memory Materials Market Research FAQs

What is the current Shape Memory Materials Market size?

The Shape Memory Materials Market is projected to register a CAGR of greater than 10% during the forecast period (2025-2030)

Who are the key players in Shape Memory Materials Market?

ATI, NIPPON STEEL CORPORATION, Covestro AG, SMP Technologies Inc and BASF SE are the major companies operating in the Shape Memory Materials Market.

Which is the fastest growing region in Shape Memory Materials Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Shape Memory Materials Market?

In 2025, the North America accounts for the largest market share in Shape Memory Materials Market.

What years does this Shape Memory Materials Market cover?

The report covers the Shape Memory Materials Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Shape Memory Materials Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Our Best Selling Reports

Shape Memory Materials Industry Report

Statistics for the 2025 Shape Memory Materials market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Shape Memory Materials analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Shape Memory Materials Market Report Snapshots