The Self-Healing Coatings Market size is estimated at USD 2.71 billion in 2024, and is expected to reach USD 7.24 billion by 2029, growing at a CAGR of greater than 21% during the forecast period (2024-2029).
The COVID-19 pandemic had a negative impact on the self-healing coatings market. The pandemic significantly influenced the logistics and manufacturing industries, stifling market expansion. The industry, however, rebounded in 2021. Since then, it has been growing at a good rate, as the automotive, construction, and electronic industries have all experienced continuous growth.
The self-healing coatings market is consolidated in nature. Some of the key players in the market include (not in any particular order) NEI Corporation, Solvay, Autonomic Materials, Inc., Covestro AG, and Akzo Nobel NV.
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