United Arab Emirates 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 Sens

United Arab Emirates 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 7.8% on an annual basis to reach US$708.7 million in 2023.

Medium to long term growth story of smart materials in United Arab Emirates remains strong. Smart materials adoption is expected to grow steadily over the forecast period, recording a CAGR of 8.2% during 2023-2027. The smart materials in the country will increase from US$657.5 million in 2022 to reach US$972.1 million by 2027.

The United Arab Emirates is one of the fast-growing construction industries in the global market. The growth in the construction sector is also expected to also drive the growth of other construction-related markets, including the smart materials industry. The growing investment in smart city and luxury residential projects is expected to lead the growth of the smart materials market in the Emirati nation over the next five years.

Investment from the private sector in the development of new and innovative smart materials is also expected to grow significantly from the short to medium-term perspective in the United Arab Emirates. Based on these factors, coupled with the growing construction market in the Emirati nation, ConsTrack360 maintains a positive growth outlook for the smart materials market from the short to medium-term perspective.

The net zero goal is expected to drive innovation in the smart materials space in the United Arab Emirates

As part of the strategy to reduce carbon emissions and achieve net zero goals, investment in the construction-related sectors is expected to grow over the next five years in the Emirati nation. This investment will promote innovation and the development of solutions that leads to decarbonization. Alongside government incentives, private investment is also expected to grow in the sector, with the aim to promote innovation in the smart materials space.
• In March 2023, URB, the global leader in developing sustainable cities, announced the launch of its urban-tech accelerator program. As part of the program, the firm will be investing up to US$10 million in early-stage startups that demonstrate a significant impact on shaping the future of cities. Notably, smart cities are at the core of the accelerator program. Consequently, ConsTrack360 expects more funding to flow into the smart materials space.

The more such accelerator program, coupled with government incentives schemes, are expected to promote research and development in the smart materials space in the Emirati market, thereby aiding the growth of the overall market from the medium to long-term perspective.

The development of luxury residential projects will also aid the growth of the smart materials industry in the United Arab Emirates

The luxury residential industry has grown at a rapid rate over the last two years in the Emirati market. With an influx of high-net-worth individuals from Europe and the Asia Pacific region coming to the Middle East, the demand for luxury units has grown significantly and the trend is projected to continue in 2023. As a result, more and more property developers are launching luxury residential projects.

The investment in these projects is also expected to drive the growth of other construction-related industries, including the smart materials segment. Deyaar Development, for instance, launched a US$299.5 million project in Dubai in March 2023. As part of the project, the firm has announced that it will be using energy-efficient light fixtures, among others, to reduce the energy demand. Consequently, ConsTrack360 maintains a positive growth outlook for the smart materials industry in the Emirates 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 United Arab Emirates, 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 Arab Emirates.
• 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 Arab Emirates. With over 170+ KPIs at the country level, this report provides comprehensive understanding of market dynamics at a more granular level.

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

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

United Arab Emirates 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 Arab Emirates
• Comparable Data: Get detailed and comparable data for the smart materials market across 50 countries Show more