Increasing Application of Self-healing Materials Driving the Market
Self-healing materials can heal automatically as a response to damage. These materials contribute significantly to the safety and durability of components. There is a growing focus on increasing the lifetime of various materials by arresting crack propagation at an early stage and preventing further damage. In such cases, self-healing materials help in increasing the lifetime of materials used in various industries. Given these added advantages, self-healing materials have created new markets and have explored applications in various fields. The market for self-healing materials has been majorly driven by increasing applications in the automotive, aerospace, healthcare, and electronics industries. The rising demand for anti-scratch coatings in automobiles has widened the market for self-healing materials.
Self-Healing Polymers are the Dominating Type
Self-healing polymer materials improve the functioning of various products while contributing to the extension of its life cycle. The polymer mimics biological healing and repairs itself when it gets damaged, without the need for any external form of intervention for detection or repair. Self-healing polymer materials are vastly used in the automotive industry as a protective layer to prevent the vehicle from scratches and nicks. In the construction industry, it is used in concrete to provide strength and increase the lifespan of buildings, bridges, etc. and in the electronics industry, it is used in screens and panels to prevent it from scratches.
Asia-Pacific to Dominate the Self-healing Materials Market
Asia-Pacific has a huge opportunity, both as a producer and consumer of self-healing materials globally. The region is also projected to be the fastest growing market for self-healing products in the forecast period, owing to growing investments made by major market players in various industries. The consumption of self-healing materials in the Asia-Pacific region is expected to grow drastically, owing to the increasing lifespan, durability, safety, efficiency, and performance. Countries like China and India are the leading markets in this region due to the demand in the automotive, electronics, construction, and healthcare industries.
Major Players: Autonomic Materials Inc., Goodyear, and NEI Corporation, amongst others.
Reason to Purchase the Report
To understand the impact of various product types on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
To understand the dominating product type and end-user industry in the market
Countries expected to witness the fastest growth during the forecast period
Identify the latest developments, market shares, and strategies employed by the major market players
3 month analyst support, along with the Market Estimate sheet (in Excel)
Customization of the Report
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1.1 Scope of the Report
1.2 Research Phases
1.3 Study Deliverables
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s 5 Force Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Consumers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Increasing Applications of Self-healing Materials
4.1.2 Increased Construction of Roads in Emerging Nations
5. Market Segmentation and Analysis - (Market Size, Growth, and Forecast)
5.1 By Type
5.2 By End-user Industry
5.2.3 Electrical & Electronics
6. Regional Market Analysis (Market Size, Growth, and Forecast)
6.1.4 South Korea
6.1.5 Rest of Asia-Pacific
6.2 North America
6.2.4 Rest of North America
6.3.5 Rest of Europe
6.4 South America
6.4.3 Rest of South America
6.5 Middle East and Africa
6.5.1 Saudi Arabia
6.5.2 South Africa
6.5.3 Rest of Middle East and Africa
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, Recent Developments, and Analyst View)
8.2 Akzo Nobel N.V.
8.5 Applied Thin Films Inc. (ATFI)
8.6 Autonomic Materials, Inc.
8.7 BASF SE
8.9 Duco Scratch
8.11 MacDermid Autotype Ltd
8.13 NEI Corporation
8.14 Nissan Motor Company Ltd
8.15 SMP Technologies Inc.
8.16 Spintech LLC
8.17 The Goodyear Tire & Rubber Company
..List not exhaustive
**Subject to availability of public domain
- Akzo Nobel N.V.
- Applied Thin Films Inc. (ATFI)
- Autonomic Materials Inc
- BASF SE
- Duco Scratch
- MacDermid Autotype Ltd.
- NEI Corporation
- Nissan Motor Company Ltd.
- SMP Technologies Inc.
- Spintech LLC
- The Goodyear Tire & Rubber Company