Market Insights
The market for self-healing materials is expected to grow from its estimated value of USD 150 million in 2022 to USD 3100.5 million by 2028, representing a CAGR of 81.5% between 2023 and 2028.
Artificially or synthetically produced materials or goods with the innate potential to automatically and autonomously repair harm to themselves are known as self-healing materials. Concrete and coating applications use self-healing polymers a lot. Due to its widening range of uses, advancing technology, and rising demand in Europe, its market is increasing quickly. The expanding building and construction industry and tightening requirements on structural integrity further support the demand for self-healing materials.
Segments' Analysis
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Segmentations
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List of Sub-Segments
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Dominant and Fastest-Growing Segments
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Form-Type Analysis
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Extrinsic and Intrinsic
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Extrinsic is estimated to be the fastest-growing and dominant self-healing form.
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Material Type Analysis
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Concrete, Coatings, Polymers, Asphalt, Ceramic, and Metals
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Asphalt is expected to be the fastest-growing as well as dominant material in the years to come.
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End-Use Industry Analysis
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Building & Construction, Transportation, Mobile Devices
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Building & Construction is estimated to be the dominant as well as the fastest-growing end-use industry.
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Regional Analysis
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North America, Europe, Asia-Pacific, and The Rest of the World
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Europe is expected to remain the largest market over the next five years.
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Form Type
The self-healing material market is segmented into intrinsic and extrinsic forms. Due to the material's special combination of qualities that make it beneficial for a lot of industries, the capsule-based segment is the largest segment of the extrinsic self-healing materials market in terms of value.
Material Type
The market is segmented into concrete, coatings, polymers, asphalt, fiber-reinforced composites, ceramics, and metals. In nations like Germany, France, and the Netherlands, the market for self-healing materials has the fastest-growing application category.
Regional Analysis
The world market for self-healing materials is dominated by the European continent. Due to rising demand from the automobile industry, the Asia-Pacific market is anticipated to grow rapidly. Due to these regions' slower economies, there is a lesser increase in demand for self-healing materials in North America and Europe than there is in Asia-Pacific.
The self-healing materials market is segmented into the following categories:
By Form Type
- Extrinsic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Intrinsic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Material Type
- Concrete (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Coatings (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Metals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Polymers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Asphalt (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Ceramic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By End-Use Industry Type
- Building & Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Mobile Devices (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Argentina, and Others)
Key Players
The following are the key players in the self-healing materials market:
- Acciona S.A. (Spain)
- AkzoNobel N.V. (Netherlands)
- Applied Thin Films, Inc. (U.S.)
- Arkema SA (France)
- Autonomic Materials Inc. (U.S.)
- Avecom N.V. (Belgium)
- BASF SE (Germany)
- Covestro AG (Germany)
- Critical Materials S.A. (Portugal)
- Devan Chemicals (Portugal)
- E.I. Du Pont De Nemours and Company (U.S.)
- Evonik Industries (Germany)
- Sensor Coating Systems Ltd. (U.K.)
- Slips Technologies, Inc. (U.S.)
Research Methodology
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s self-healing materials market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market.
The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.
More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
- COVID-19 impact and its recovery curve
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for existing and new players
- Key success factors
Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to three players)
- SWOT analysis of key players (up to three players)
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
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