Self-Healing Materials Market is estimated to be US$ 29.4 billion by 2030 with a CAGR of 35.1% during the forecast period

Download Sample

Published Date: March 2024

Self-healing Materials Market accounted for US$ 1.40 billion in 2020 and is estimated to be US$ 29.4 billion by 2030 and is anticipated to register a CAGR of 35.1%. Healing mechanisms vary from an intrinsic repair of the fabric to the addition of a repair agent contained during a microscopic vessel. For a cloth to be strictly defined as autonomously self-healing, it's necessary that the healing process occurs without human intervention. Self-healing polymers may, however, activate in response to an external stimulus (light, natural process, etc.) to initiate the healing processes. Self-healing materials are artificial or synthetically-created substances that have the built-in ability to automatically repair damages to themselves with none external diagnosis of the matter or human intervention. Generally, materials will degrade over time due to fatigue, environmental conditions, or damage incurred during operation.

The report “Self-healing Materials Market, By Form (Extrinsic and Intrinsic), By Material Type (Concrete, Coatings, Polymers, Asphalt, Fiber-reinforced Composite, Ceramic, and Metals), By End Use Industry (Energy generation, Building and Construction, Automotive and Transportation, Electronics and Semiconductors, and Medical (Implants and devices)), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis, and Forecast till 2030”

Key Highlights:

In March 2020, Goodyear has showcased a new concept self-repairing tyre. Goodyear has launched Airless recharge concept by featuring a compound which regenerates new trend on tyre by using liquid capsules of biodegradable material. Newly launched reCharge Tyre is made from special liquid compound from biodegradable materials which are reinforced by fibers inspired by spider silk which is the toughest natural materials.
In June 2018, NEI Corporation has addressed the Unmet Self-Healing needs for transparent polymeric films market. NEI Corporation has successfully estimated the application of its NANOMYTE MEND 1000 self-healing coating technology on PET film. The coated film has potential to recover from repeated scuffing & scratching after heating. Self-healing is achieved by physical self-healing phenomenon and thermally induced which leads to crack sealing and gap closing.

Analyst View:

Self-healing materials are expected to be cheaper in use in due time than their currently used traditional counterparts because of their increased reliability, low maintenance (fewer inspections and repairs), and longer lifetime. Maintenance costs of self-healing materials are expected to be less than that of conventional materials, because the material ‘maintains itself,’ and these costs do not have to be made, and on the other hand because it can be divided over a longer period. The depreciation costs, an amount of money to be saved yearly to be able to realize a comparable construction in few years, will also be lower, as the lifetime of self-healing materials is longer than traditional materials.

Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Self-healing Materials Market, By Form (Extrinsic and Intrinsic), By Material Type (Concrete, Coatings, Polymers, Asphalt, Fiber-reinforced Composite, Ceramic, and Metals), By End Use Industry (Energy generation, Building and Construction, Automotive and Transportation, Electronics and Semiconductors, and Medical (Implants and devices)), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis, and Forecast till 2030”

Key Market Insights from the report:

The Self-healing Materials Market accounted for US$ 1.40 billion in 2020 and is estimated to be US$ 29.4 billion by 2030 and is anticipated to register a CAGR of 35.1%. The self-healing materials market on the basis of form, material type, end user, and region.

Based on form, the self-healing materials market is segmented into the Extrinsic and Intrinsic.
By material type, the target market is segmented into Concrete, Coatings, Polymers, Asphalt, Fiber-reinforced Composite, Ceramic, and Metals.
By end-user, the target market is segmented into Pediatric Powered Wheelchairs, and Adults Powered Wheelchairs.
By end-user, the target market is segmented into Energy generation, Building and Construction, Automotive and Transportation, Electronics and Semiconductors, and Medical (Implants and devices).
By region, the Wheelchair Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe region dominates the self-healing materials market.

Competitive Landscape:

Key players in the self-healing materials market includes, 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 N.V., E. I. Du Pont De Nemours and Company, and Sensor Coating Systems Ltd.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

About Prophecy Market Insights

Prophecy Market Insights is specialized market research, analytics, marketing/business strategy, and solutions that offers strategic and tactical support to clients for making well-informed business decisions and to identify and achieve high-value opportunities in the target business area. We also help our clients to address business challenges and provide the best possible solutions to overcome them and transform their business.

Some Important Points Answered in this Market Report Are Given Below:

Explains an overview of the product portfolio, including product development, planning, and positioning
Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
Detailed analysis of the market revenue over the forecasted period.
Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
Study on the segments that are anticipated to dominate the market.
Study on the regional analysis that is expected to register the highest growth over the forecast period

Key Topics Covered