Quick Summary:
In the fast-evolving world of smart materials technology, the global self-healing materials market is witnessing a significant growth trajectory. These innovative materials, ranging from polymers to coatings to fiber-reinforced composites, have been specially designed to spontaneously repair damage under specific stimuli, enhancing both performance and lifespan. The automatic damage rectification capability of self-healing materials ultimately reduces maintenance costs, making them a preferred choice in sectors where high reliability and durability are critical, such as construction, automotive, electronics, healthcare, and energy.
The market's growth is primarily propelled by the increasing adoption of self-healing concrete and coatings in the construction industry, along with a growing emphasis on green materials and eco-friendly technology. The application is far-reaching, with self-healing asphalt reducing crack formation in roads, and self-healing coatings and polymers used heavily in the automotive and aerospace sectors. The forthcoming research report provides an in-depth analysis of the market, dissected based on type, form, technology, end-use industry, and geographical regions, providing new insights and trend forecasts to empower strategic decision-making.
The global self-healing materials market size reached US$ 2.0 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 9.6 Billion by 2028, exhibiting a growth rate (CAGR) of 27.7% during 2023-2028.
Self-healing materials refer to a new class of smart products or materials with built-in healing capability. They are created to repair damage spontaneously or under specific environmental stimuli, such as pressure, heat, light, solvents, or electromagnetic fields. Self-healing materials can be broadly divided into two categories: extrinsic and intrinsic. They include concrete, coatings, polymers, ceramics, metals, and fiber-reinforced composites. These materials offer improved performance, safety, efficiency, and longer lifespan while reducing maintenance costs. As a result, they are widely employed in the construction, automotive, oil and gas, electronics, healthcare, and energy industries wherein reliability and durability are vital.
Self-healing materials refer to a new class of smart products or materials with built-in healing capability. They are created to repair damage spontaneously or under specific environmental stimuli, such as pressure, heat, light, solvents, or electromagnetic fields. Self-healing materials can be broadly divided into two categories: extrinsic and intrinsic. They include concrete, coatings, polymers, ceramics, metals, and fiber-reinforced composites. These materials offer improved performance, safety, efficiency, and longer lifespan while reducing maintenance costs. As a result, they are widely employed in the construction, automotive, oil and gas, electronics, healthcare, and energy industries wherein reliability and durability are vital.
Self-healing Materials Market Trends:
The market is primarily driven by the increasing adoption of self-healing materials in concrete and coating applications across the construction industry. This is further supported by the growing demand for green materials and eco-friendly building technologies. Furthermore, self-healing asphalt, made by embedding oil-containing microcapsules in the binder, is also being used to lower crack formation in roads. In addition to this, the growing usage of self-healing coatings and polymers in the automotive and aerospace sectors is contributing to the market growth. Furthermore, the increasing focus on introducing self-healing batteries, along with corrosion-resistant materials for oil extraction and underwater applications, is projected to drive the product demand. The market is further driven by favorable initiatives undertaken by governments across the globe for focusing on legislations and regulations mandating extended service guarantees/warranties. In line with this, continual technological advancements and extensive research and development (R&D) activities conducted by key market players are some of the other factors creating a positive outlook for the market.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global self-healing materials market report, along with forecasts at the global, regional and country level from 2023-2028. The report has categorized the market based on type, form, technology and end use industry.Breakup by Type:
- Polymers
- Composites
- Ceramics
- Concrete
- Others
Breakup by Form:
- Extrinsic
- Capsule-Based
- Vascular
- Intrinsic
Breakup by Technology:
- Reversible Polymers
- Microencapsulation
- Shape Memory Materials
- Biological Material Systems
- Others
Breakup by End Use Industry:
- Building and Construction
- Healthcare
- Automotive
- Electrical and Electronics
- Aerospace
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Applied Thin Films Inc., Arkema S.A., Autonomic Materials Inc., Avecom NV, BASF SE, Covestro AG, High Impact Technology LLC, Michelin North America Inc., NEI Corporation and Sensor Coating Systems Ltd.Key Questions Answered in This Report:
- How has the global self-healing materials market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global self-healing materials market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the form?
- What is the breakup of the market based on the technology?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global self-healing materials market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Self-healing Materials Market
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| Report Attribute | Details |
|---|---|
| No. of Pages | 149 |
| Published | September 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 2 Billion |
| Forecasted Market Value ( USD | $ 9.6 Billion |
| Compound Annual Growth Rate | 29.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
Table of Contents
1 Preface3 Executive Summary12 Value Chain Analysis14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Self-healing Materials Market
6 Market Breakup by Type
7 Market Breakup by Form
8 Market Breakup by Technology
9 Market Breakup by End Use Industry
10 Market Breakup by Region
11 SWOT Analysis
13 Porters Five Forces Analysis
15 Competitive Landscape
Companies Mentioned
- Applied Thin Films Inc.
- Arkema S.A.
- Autonomic Materials Inc.
- Avecom NV
- BASF SE
- Covestro AG
- High Impact Technology LLC
- Michelin North America Inc.
- NEI Corporation
- Sensor Coating Systems Ltd.
Methodology
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