Self- Healing Materials Forecast and CAGR
According to the latest research by Fact.MR., Self-Healing Materials Market is projected to grow at a CAGR of 25-30% during the forecast 2021-2031. Demand for Signal-Jamming application will witness steady recovery in short term, with an optimistic growth outlook projected for the construction sector in the long run. Demand from the aerospace industry as well as the defense sector will also provide growth momentum to the market.
What is Driving Demand for Self-Healing Materials?
Self-healing materials are artificial or synthetically generated materials or products that have the ability to heal themselves naturally and autonomously without human or external interference. These materials are largely used in coatings and concrete applications.
The demand for self-healing materials is being driven significantly by the building & construction market. The increasingly stringent regulations pertaining to the structural integrity of buildings are also playing a key role in propelling demand.
Apart from the usage of these materials in the construction & building industry, they are also used in general manufacturing, transportation (aerospace and automotive), and mobile which have the potential to turn into significant growth avenues for the market. In the Automotive material types, it is used to reduce wear & Energy Consumption, to reduce friction as well as to improve fuel savings in vehicles.
Transportation and Mobile devices to provide new sales opportunities for Self-Healing Materials
Transportation and Mobile devices are the critical growth areas where these Materials have huge potential applications. Mobile device manufacturers have a strategic focus on eliminating toxins, improving device quality, and reducing spoilage throughout the process of manufacturing. These materials provide the much-required lubricity and wear resistance that is needed for plastics as well as metallic alloys used in mobile devices.
In transportation, the automotive sector is projected to emerge as a significant demand center, with increasing regulations on the fuel efficiency of vehicles prompting manufacturers to explore the usage of such materials on a larger scale than ever before. Therefore, the use of these materials in Transportation and general manufacturing, and mobile devices can open up huge new revenue streams in the future.
US and Canada Self-Healing Materials Market Outlook
The United States market is expected to increase significantly over the forecast period owing to the growing demand from the construction industry in the country. One of the key factors driving the market growth is increased demand for energy-efficient construction solutions. Furthermore, the product's widespread adoption in the application industry is expected to drive growth.
In terms of consumption, the high demand from the residential sector will be a key enabler of growth, while a well-developed manufacturing industry and government initiatives directed towards infrastructure growth will further augment sales.
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Europe Demand Outlook for Self-Healing Materials
Self-Healing materials are widely used in concrete as well as a coating application in the building & construction sector. Its market is expanding rapidly as a result of expanding application areas, technological advancements, and rising demand in Europe.
Europe is one of the prominent markets on a global level, given the well-developed construction industry in the region. The wide use of self-repairing specialty polymers in countries such as France, the United Kingdom, and Germany, as well as process innovation, advanced R&D, and the expansion of automotive production across the regions are expected to drive industry growth over the forecast period.
The market is driven by growing demands in the European region, increasing awareness about the benefits of materials, and emerging construction and building as well as transportation sectors. Building and construction is a major market for self-healing goods in both Western Europe as well as eastern European region.
Who are the Key Manufacturers and Suppliers of Self-Healing Materials?
Some of the leading manufacturers and suppliers of Self-Healing Materials include
- Acciona S.A.
- AkzoNobel N.V.
- Applied Thin Films Inc.
- Arkema SA
- Autonomic Materials Inc.
- Avecom N.V.
- BASF SE
- Covestro AG
- Critical Materials S.A.
- Devan Chemicals
- E.I. Du Pont De Nemours and Company
- Evonik Industries
- Sensor Coating Systems Ltd.
- Slips Technologies Inc.
Key manufacturers are focused heavily on strengthening their research as well as product development operations to provide the product on a mass scale and also increase its applications into hitherto untouched industries. Product innovations will play a key role in the development of the market in the next decade.
An Adaptive Approach to Modern-day Research Needs
Self-Healing Materials Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
By Material Type
- Fibre-reinforced composite
By End Use Industry
- Building & Construction
- Mobile Devices
- General Industrial
- Medical Devices
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia Pacific
- ASEAN Countries
- Rest of South Asia Pacific
- Middle East and Africa
- GCC Countries
- Northern Africa
- South Africa
- Rest of MEA
The Self-Healing Materials report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
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