Global Selfhealing Materials Market By Overview
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%.
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. Cracks and other sorts of damage on a microscopic level are shown to vary thermal, electrical, and acoustical properties of materials, and therefore the propagation of cracks can cause eventual failure of the fabric. Generally, cracks are hard to detect at an early stage, and manual intervention is required for periodic inspections and repairs. In contrast, self-healing materials counter degradation through the initiation of a repair mechanism that responds to the micro-damage. Some self-healing materials are classed as smart structures, and may adapt to varied environmental conditions consistent with their sensing and actuation properties. Although the foremost common sorts of self-healing materials are polymers or elastomers, self-healing covers all classes of materials, including metals, ceramics, and cementitious materials. 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.
Global Selfhealing Materials Market By Dynamics
Self-healing materials yield long-term financial benefits compared to traditional materials
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.
Securing profit and competition
As there are many key players which increases competition among themselves and in return it’s difficult to secure profit.
Global Selfhealing Materials Market By Segmentation
The self-healing materials market report segments the market on the basis of form, material type, end use industry, and region.
The form segment includes extrinsic and intrinsic. The capsule-based segment is the largest segment of the extrinsic self-healing materials market, in terms of value, owing to the material’s unique combination of properties making it useful for a number of industries. On the basis of material type the Self-healing Materials Market has been segmented as Concrete, Coatings, Polymers, Asphalt, Fiber-reinforced Composite, Ceramic, and Metals. Asphalt is the fastest-growing application segment of the self-healing materials markets in countries such as Germany, France, and Netherlands. On the basis of end-user industry the target market has been segmented as Energy generation, Building and Construction, Automotive and Transportation, Electronics and Semiconductors, and Medical (Implants and devices).
Regional Insights:
On the basis of region the Self-healing Materials Market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. The Europe region dominates the self-healing materials market. Asia-Pacific market is estimated to record high growth owing to increasing demand from the automotive sector. The increase in demand for self-healing materials in North America and Europe is comparatively lower than that of Asia-Pacific due to the economic slowdown in these regions.
Detailed Segmentation: Self-healing Materials Market, By Region:
|
Global Selfhealing Materials Market By Key Players
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
Global Selfhealing Materials Market By Company Profile
- Acciona S.A.
- Sensor Coating Systems Ltd.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- E. I. Du Pont De Nemours and Company
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Devan Chemicals N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Critical Materials S.A.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Covestro AG
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- BASF SE
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Autonomic Materials Inc.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Applied Thin Films, Inc. (ATFI)
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Akzo Nobel N.V.
- Company Overview
- Product Portfolio
- Key Highlights
- Financial Performance
- Financial Performance
- Key Highlights
- Product Portfolio
- Company Overview
- Sensor Coating Systems Ltd.
Recent Development:
- 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.
FAQs
Self-healing Materials Market has been segmented on the basis of form, material type, end-user industry and region.
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.
Europe region dominates the self-healing materials market.
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.