Self-Healing Materials Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028

Self-Healing Materials Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028

Self-Healing Materials market is anticipated to grow significantly through 2028 due to increased usage in healthcare sector. The expenditure on outpatient healthcare for the UAE totaled at 5.5 billion U.S. dollars.

Self-healing treatments can quickly fix fractures since the self-healing mechanism enables quick mending. Due to the inadequacies of the current therapies, novel, and alternative therapeutic techniques, including polymeric material encapsulation and self-healing, are in great demand. Over the projection period, adopting such cutting-edge technologies will drive market expansion. Most key players in electronics & semiconductors, like Samsung, Apple have started using self-healing materials in different products like mobile, laptop, desktop, and high-speed cameras. Since the demand for laptops, smartphones and innovation in their design are expected to increase the consumption rate of self-healing materials, the market will probably increase significantly over the next several years.

Moreover, demand from the automobile and power industry will likely provide market growth opportunities during the forecast period.

Rising Demand From the Construction Industry

For building and construction projects, concrete is a common material. It is frequently used to build dams, ports, storage tanks, highways, tunnels, and subways. Despite being robust and long-lasting, it is prone to cracking, which lets numerous unwelcome hostile chemicals and other things seep in. The infrastructure deteriorates and becomes less durable because of these fissures and the chemical deposits in them. Due to the product's durability and versatility in infrastructure, the building sector would benefit. Additionally, the growing use of CMCs, composites, and polymer-based materials in construction will drive the market in the forecast period.

Research & Development is a Major Trend in the Advanced Materials sector

The field of advanced materials has seen several advancements in self-healing materials recently. These technical developments have accelerated healing and improved the functional restoration of these materials. This would usher in a new era of technology for managing the environment and preserving infrastructure. In July 2021, Using robotic intervention and self-sensing and self-healing materials, the Engineering and Physical Sciences Research Council, a division of UK Research and Innovation, announced a partnership and a planned investment of USD 22.5 million in the design of sustainable road maintenance projects. Therefore, a key development in the market for self-healing materials is R&D in advanced materials.

Polymer Will Continue to Be a Key Material Type

The growth will be fueled by rising demand brought on by the increased use of polymers like polyurethane, cross-linked polymers, vitrimers, and multifunctional polymers because of their exceptional thermal stability, durability, resistance to abrasion, resistance to thermodynamic instability, and abrasion resistance. Shape-memory polymers are used to create Shape-memory Assisted Self-healing (SMASH) coatings. These surfaces help repair structurally damaged surfaces and restore corrosion resistance, boosting the future trends of self-healing materials. In addition, self-healing materials are frequently utilized in airplanes, jet engines, and other aerospace applications due to their great heat resistance. The lifespan of the components may be extended by their capacity to repair any damage that could have happened while in flight. The aircraft industry also uses self-healing conductive materials. For instance, the National Aeronautics and Space Administration's (NASA) 2017 wiring systems for space shuttles were built using a revolutionary low-melting polyimide film matrix. The worldwide self-healing materials market is therefore expected to grow throughout the course of the forecast period.

Recent Developments

• CompPair Technologies Ltd., a Switzerland-based company, launched advanced composite self-healing technology in March 2021.
• In March 2020, The Goodyear Tire & Rubber Company revealed its latest concept tire, known as reCharge. The tire can determine the extent of its own wear and repair defects using a liquid mixture of synthetic rubber reinforced with novel fibers
• Autonomic Materials investigated the self-healing materials with protective coating systems in January 2020. Trails proved that the low VOC waterborne self-healing coating is extremely useful for corrosion resistance.
• In February 2019, A research group from RIKEN and Kyushu University developed a new material based on ethylene, which exhibits several useful properties such as self-healing and shape memory. Remarkably, some of the materials can have the ability to spontaneously self-heal even in water or acidic and alkali solutions.

Market Segmentation

Global Self-Healing Materials Market is segmented based on form, material type, end-use, and region. Based on the form, the market is categorized into extrinsic and intrinsic. Based on material type, the market is fabricated into concrete, coatings, polymers, and others. Based on end use, the market is segmented into building & construction, transportation, mobile devices, and others. Based on region, the market is divided into North America, Europe, Asia Pacific, South America, Middle East & Africa, By Company.

Market Players

Acciona S.A., BASF SE, High Impact Technology, LLC, Apple inc., Applied Thin Films, Inc., Autonomic Materials Inc., Covestro AG, Sensor Coating System Limited, E.I. Du Pont De Nemours and Company, Evonik Industries AG are some of the key players of the Global Self-Healing Materials Market.

Report Scope:

In this report, the global self-healing materials market has been segmented into the following categories, in addition to the industry trends, which have also been detailed below:

• Self-Healing Materials Market, By Form:
• Extrinsic
• Intrinsic
• Self-Healing Materials Market, By Material Type:
• Concrete
• Coatings
• Polymers
• Others
• Self-Healing Materials Market, By End Use:
• Building & Construction
• Transportation
• Mobile Devices
• Others
• Self-Healing Materials Market, By Region:
• North America
• United States
• Mexico
• Canada
• Europe
• France
• Germany
• United Kingdom
• Italy
• Spain
• Russia
• Asia-Pacific
• China
• India
• South Korea
• Japan
• Australia
• Malaysia
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE

Competitive landscape

Company Profiles: Detailed analysis of the major companies in the global self-healing materials market.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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