Self-Healing Materials Market Size, Status, Dynamic, Growth, Share And Foresight 2019-2028
Self-healing materials are synthetically manufactured products that can repair themselves and recover functionality after degradation such as fracture toughness, tensile strength. Self-healing materials contributes to the safety and durability of polymeric components. Rapidly growing automotive sector coupled with growing demand for self-healing materials especially in exterior covering thereby is expected to support growth of global self-healing materials market over the forecast period.
The global self-healing materials market revenue is expected to register a lucrative CAGR over the forecast period. The global self-healing materials market report has been segmented on the basis of form, material type, end use industry, and region.
Based on form, the global self-healing materials market is segmented based on extrinsic and intrinsic form. The extrinsic segment is expected to account for significant revenue share over the forecast period.
Based on material type, the target market is segment based on concrete, coatings, polymers, asphalt, fiber-reinforced composite, ceramic, and metals. The asphalt segment is expected to register highest growth rate over the forecast period.
Based on end use industry, the target market is segmented based on energy generation, building & construction, automotive & transportation, electronics & semiconductors, and medical (implants & devices. The building & construction segment is expected to account for major revenue share of the market over the forecast period.
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Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. North America contributes for significant market share in terms of revenue in global self-healing materials market and is expected to maintain its dominance over the forecast period. In addition, market in Asia Pacific is expected to register highest growth rate over the forecast period. Increasing demand for self-healing materials in countries such as the China, Japan, and India owing rapidly growing building & construction and automotive industries is in turn expected to drive growth of market in the region over the forecast period.
Some prominent players in the global self-healing materials market are Acciona S.A., Akzo Nobel N.V., Applied Thin Films, Inc. (ATFI), Autonomic Materials Inc., BASF SE, Covestro AG, Critical Materials S.A., Devan Chemicals, E. I. Du Pont De Nemours and Company, and Sensor Coating Systems Ltd.