The Global Self-Healing Materials Market accounted for USD 90.2 million in 2016 and is projected to grow at a CAGR of 95.2% during the forecast period of 2019 to 2026. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Self-healing Materials help in automatic repairing and restoring functionalities at microscopic levels without any human intervention. They are triggered by environmental stimulus including alterations in UV light, pH, or by mechanical damage such as a microcrack. Growing applications of these materials in building & construction, transport and cell phone manufacturing industries are expected to be major drivers of the market over the next seven years.
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Major Market Competitors: Global Self-Healing Materials Market
Some of the major players in self-healing materials market include
- Acciona S.A.
- Akzo Nobel N.V.
- Applied Thin Films Inc. (ATFI)
- Arkema SA
- Autonomic Materials Inc.
- Avecom N.V.
- BASF SE
- Covestro AG (Formerly Bayer Material Science)
- Critical Materials S.A.
- Devan Chemicals
- Du Pont
- Evonik Industries
- Sensor Coating Systems Ltd.
- Slips Technologies Inc. and many more.
- High price of self-healing materials
Major Market Drivers:
- Advancements in the self-healing materials market
- Self-healing materials yield long-term financial benefits compared to traditional materials
- Increasing demand in Europe
Competitive Landscape: Global Self-Healing Materials Market
The global self-healing materials market is consolidated with the presence of a limited number of players. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Market Segmentation: Global Self-Healing Materials Market
The self-healing materials market is segmented on the basis of form into extrinsic and intrinsic.
On the basis of material type, the market is segmented into concrete, coatings, polymers, asphalt, ceramic and metals.
On the basis of end-user, the market is segmented into building & construction, transport and mobile devices.
On the basis of geography, the self-healing materials market report covers data points for 28 countries across multiple geographies such as –
North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
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