Most Awaited Q3 Sale is back. Upto 30% discount on every report.

Self-healing Materials Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 April 19
SKU : MA1177
excelpdfpowerpoint
180 pages
Report Summary
Table of Contents
List of Tables & Figures

Global Self-healing Materials Market is segmented By Form (Extrinsic, Intrinsic), By End-User (Building & Construction, Automotive & Transportation, Healthcare, Military & Aerospace, Electronics, Others), By Product (Concrete, Coatings, Polymers, Asphalt, Fiber-reinforced Composites, Ceramic, Metal), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

 

Self-healing Materials Market Overview

Report on Global Self-healing Materials by DataM Intelligence estimates the market to grow at a CAGR of 43.6% during the forecast period 2023-2030. Demand from Building & Construction sector in Europe is booming. Competitive rivalry intensifies with Avecom N.V, Evonik Industries, Applied Thin Films Inc and others operating in the market.

Self-healing materials are artificial or synthetically-created substances that have the built-in ability to automatically repair damage to themselves without any external diagnosis of the problem or human intervention.

The self-healing process of these smart materials starts with responding to change in external stimuli such as temperature, light, and others. The most commonly used self-healing materials are elastomers and polymers, whereas it covers a wide range of materials from metals to ceramics. 

The global self-healing materials market is expected to witness significant growth during the forecast year. The ability of self-healing materials to repair itself substantially helps in reduction of the maintenance and repairing cost which paves their path into many end-user industries such as energy, pharmaceuticals, building and construction, electronics, and automobiles among others.

 

Self-healing Materials Market Scope and Summary

Metrics

Details

Market CAGR

43.6%

Segments Covered

By Form, By End USer, By Product and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

For more insights - Download Sample

 

Self-healing Materials Market Trends and Dynamics

The global Self-healing Materials market is primarily driven by increasing global population & infrastructure facilities and the demand for housing units, particularly in Asia Pacific and South American region is enhancing the significant investment in commercial real estate that is to anticipate hike in the production of self-healing material over the forecast period. The Brazilian government announced at the end of 2017 an investment of approximately US$36 billion to resume 7,000 construction projects. The scheme, known as Agora é Avançar, aims to resume and complete previously stalled works by the end of 2018. The Chilean government plans to invest US$28 billion under the Infrastructure Master Plan to develop the country’s infrastructure by 2021, creating huge opportunities for self-healing materials.

According to National Bureau of statistics China in 2018, the commercial building space sold in the region is increased from 157 million sq. meters in 2016 to 169.407 million sq. meters in 2017 and the residential buildings increased form 137.58 million sq. meters in 2016 to 144.788 million square meters in 2017, and these expected consistently during the forecast period.

Increasing demand of exterior coating from automotive OEMs that trigger a preventive mechanism when scratched or cut that result reduces the preventive maintenance that is witness to anticipated triggering the global self-healing material in the forecast period. Furthermore, in medical sector, a biomimetic approach is used for self-repairing damages and provides a nominal way to healing the mechanical strength after the impact damage.

However, high cost of such innovate and advanced products is anticipated to hinder the global self-healing material market over the forecast period.

Self-healing Materials Market Segmentation Analysis

By end-user, the global Self-healing Materials Market is segmented into end-user construction, automotive, healthcare, military & aerospace, electronics, and others. In 2018, construction segment dominated the global self-healing material market. Electronic & semiconductors are expected to witness a steady CAGR during the forecast period. Furthermore, Automotive & transportation is an additional industry that has witnessed an increase in demand for self-healing materials. On the other hand, Electronic multinational companies such as Samsung Electronics America, Inc. And Apple Inc. have exhilarated the usage of self-healing material in electronic devices as well as desktops, mobiles and laptops.

By product, the global self-healing materials market is segmented Concrete, Coatings, Polymers, Asphalt, Fiber-reinforced Composites, Ceramic, and Metal. In 2018, a concrete segment is expected to be the dominant product type, and asphalt is anticipated to show an accelerating CAGR during the forecast period. The growing application of asphalt in road construction coupled with its ability to reduce greenhouse emissions is contributing to the growth of the segment. Self-healing materials and coatings enabled by materials advances will greatly impact a wide range of markets, enabling autonomous internal healing for composites, coatings, and surfaces. Their development is essential for reducing costly maintenance burdens and improving safety in construction, electronics, consumer products, oil and gas, wind energy, military, automotive, and aerospace industries. The industry is at an early stage but products are commercially available.

Global Self-healing Materials Market Geographical Share

By geography, the global Self-healing Materials market is segmented into North America, Asia-Pacific (APAC), Europe, South America, and Middle East and Africa (MEA).

Europe is the largest market for self-healing materials, in terms of value, followed by North America and Asia-Pacific. U.S., Germany, China, and Japan are the largest consumers of self-healing materials.

In Europe, rise in housing occupants across the region is contributing to the regional market during the forecast period. Residential construction accounted for a majority share in the region with Germany being one of the leading markets. Growing urbanization, as people migrate from various neighboring countries has stimulated the demand for residential buildings in the country.

According to Department of Communities & Local Govt, UK, the total residential housing increased from 164,470 units in 2017 to 166,390 units in 2018 and it is expected to increase during the forecast period.

Applications such as concrete and coatings represent the bulk of the demand for self-healing materials in the developing economies. Rising awareness about the benefits of self-healing materials has increased the importance as well as demand of self-healing materials in developing countries Brazil, India, and China. APAC region is expected to register the highest CAGR during the forecast period. High industrialization growth in the region, especially in China and India, is estimated to fuel the demand for Self-healing Materials in the region. Driven by the regulations and growing end-user base from industries like oil & gas, defense, and transportation, the market is expected to witness significant growth during the forecast period.

Self-healing Materials Companies and Competitive Landscape

Self-healing Materials market is highly competitive and thus manufacturers continuously focus on developing new strategies in order to grab more customers across the globe. Over the coming years, companies are expected to focus on potential growth markets for Self-healing Materials. To that end, besides expanding their presence, companies are expected to formulate effective distribution strategies to make their presence felt in the upcoming markets for Self-healing Materials. Merger, acquisition, and product development are key strategies adopted by leading players.

The major players in the market include Evonik Industries, Dow Inc., Applied Thin Films, Inc., BASF, and Arkema SA. Other prominent players in the market include Autonomic Materials Inc., Avecom N.V., Covestro AG, Acciona S.A., and AkzoNobel N.V.

Buy this report
Single User
$4350$3480
Multiple User
$4850$3880
Enterprise User
$7850$6280
Proceed to Buy
Request new version
FAQ’s
Who are the key players in Global Self-healing Materials Market ?
Major players are Arkema, Evonik Industries, Dow Inc., Applied Thin Films, Inc., Autonomic Materials In, Avecom N.V, Covestro AG, Acciona S.A, AkzoNobel N.V and BASF.
Which region controlled the Global Self-healing Materials Market during 2023-2030?
Europe region Controls and dominates the Global Self-healing Materials Market.
Related Reports
materials

Advanced Materials Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 August 18
Starting from

$4350

materials

Zeolite Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 September 22
Starting from

$4350

materials

Out of Autoclave Prepreg Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 September 22
Starting from

$4350

materials

Geogrid Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 August 10
Starting from

$4350

materials

Liquid Nitrogen Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 January 05
Starting from

$4350

materials

Next-Generation Anode Materials Market Size, Share, Industry, Forecast and outlook (2023-2030)

Published: 2023 September 25
Starting from

$4350