BANGALORE, India, July 2, 2024 /PRNewswire/ -- Self-Healing
Materials Market is Segmented by Type (Concrete, Coatings,
Polymers, Asphalt, Fiber-reinforced Composite, Ceramic, Metals), by
Application (Building & Construction, Transportation, Mobile
Devices, General Industrial, Others): Global Opportunity Analysis
and Industry Forecast, 2024-2030.
The global Self-Healing Materials market was valued at
USD 121.1 million in 2023 and is
anticipated to reach USD 644.2
million by 2030, witnessing a CAGR of 26.5% during the
forecast period 2024-2030.
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Major Factors Driving the Growth of Self-Healing Materials
Market:
Due to the growing need for long-lasting and environmentally
friendly materials across a range of sectors, the market for
self-healing materials is expanding significantly. This need is
primarily being driven by the automotive, aerospace, and
construction industries as self-healing materials improve product
performance and lifetime while lowering maintenance costs. The
creation of more effective self-healing mechanisms has been made
possible by developments in nanotechnology and material science,
which has fueled market growth even more. Furthermore, as
self-healing materials reduce waste and resource consumption, their
acceptance is being aided by growing environmental consciousness
and the demand for eco-friendly solutions.
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TRENDS INFLUENCING THE GROWTH OF THE SELF-HEALING MATERIALS
MARKET
The market for self-healing materials is expanding due to the usage
of polymers in architecture and construction, which allow the
creation of novel materials with the potential to self-heal and
prolong the life and durability of buildings. Self-healing polymers
are used in building materials including sealants, coatings, and
concrete to handle common problems like corrosion and cracks. This
lowers maintenance costs and increases safety. The need for
sophisticated materials that can self-heal and lessen the need for
regular repairs is driving the expansion of the self-healing
materials market as the construction sector places an increasing
emphasis on sustainability and lifespan.
Concrete's integration of cutting-edge technologies that allow
it to self-heal cracks and micro-damages is propelling the market
for self-healing materials. By addressing the long-standing problem
of concrete degradation, this innovation lowers maintenance costs,
increases structural longevity, and improves safety. Self-healing
concrete is becoming more popular as a result of the construction
industry's transition to robust and sustainable infrastructure.
This can greatly reduce the need for regular repairs and
replacements, which will in turn promote the market growth for
self-healing materials.
The market for self-healing materials is expanding due to the
transportation sector's need for cutting-edge technologies that can
prolong the lifespan of infrastructure and vehicles. In the
automobile, aerospace, and railway industries, self-healing
materials—like coatings and composites—are utilized to
automatically fix dents, scratches, and other damages, saving
maintenance costs and enhancing safety. The market is expanding
more quickly as self-healing materials that can sustain structural
integrity and performance over time become more in demand as the
transportation industry places a higher priority on efficiency and
dependability.
The need for sustainable practices and increased environmental
consciousness have supported the market for self-healing materials.
These materials lessen waste and the need for resource-intensive
repairs, which promotes sustainability. Self-healing materials
reduce the overall environmental impact by prolonging the life
cycle of goods and buildings. These materials are being more widely
used by industries as part of their green initiatives, supporting
international efforts to reduce environmental impact and advance
circular economies. Technology that can cure itself is becoming
more and more popular for good reason—it saves resources and
reduces waste.
The market for self-healing materials is expanding at a
substantial rate due to the growing need for robust and
long-lasting goods in a variety of sectors. Materials that increase
a product's lifespan and decrease the need for frequent repairs and
replacements are sought after by both producers and consumers. This
need is prevalent in a number of industries, such as electronics,
construction, and the automobile, where maintenance may be
expensive and inconvenient. By automatically fixing damage,
self-healing materials provide a workable option that preserves
appearance and usefulness for a longer amount of time.
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SELF-HEALING MATERIALS MARKET SHARE ANALYSIS
The Asia-Pacific market is
anticipated to develop at a rapid pace due to rising automotive
industry demand. Because of the slowing economies in North America and Europe, the demand for self-healing materials
has increased less than in Asia-Pacific.
The three main markets for self-healing materials are those in
Europe, North America, and Asia-Pacific. In 2017, the market for
self-healing materials was dominated by Europe.
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Key Players:
- Acciona
- Akzo Nobel
- Applied Thin Films
- Arkema
- Autonomic Materials
- Avecom
- BASF AG
- Covestro AG
- Critical Materials
- Devan Chemicals
- DuPont
- Evonik
- Sensor Coating Systems
- Slips Technologies
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
- Extrinsic Self-Healing Materials Market
- Self-healing Network Solution Market
- The global Self Healing Network System market was valued
at USD 785 million in 2023 and is
anticipated to reach USD 6186.2
million by 2030, witnessing a CAGR of 34.2% during the
forecast period 2024-2030.
- Self-healing Virtual Network Market
- Self-healing Shunt Capacitor Market
- Self-healing Low Voltage Shunt Capacitor Market
- Self-Healing Paints Market
- Self Healing Concrete (SHC) Market
- The global Self-Healing Paint Protection Film market is
projected to reach USD 429.4 million
in 2029, increasing from USD 276.8
million in 2022, with the CAGR of 6.1% during the period of
2023 to 2029.
- The global Automotive TPU Self-Healing Paint Protection
Films market is projected to reach USD
1144.6 million in 2029, increasing from USD 797.3 million in 2022, with the CAGR of 5.3%
during the period of 2023 to 2029.
- The global Cationic Conditioning Polymers market is
projected to reach USD 607.3 million
by 2030 from an estimated USD 420.9
million in 2024, at a CAGR of 6.3% during 2024 and 2030.
- The global Solid Surface & Other Cast Polymers
market is projected to reach USD 41290
million by 2030 from an estimated USD
28140 million in 2024, at a CAGR of 6.6% during 2024 and
2030.
- The global Polyimides and Imide Polymers market was
valued at USD 8072 million in 2023
and is anticipated to reach USD 9496.7
million by 2030, witnessing a CAGR of 2.3% during the
forecast period 2024-2030.
- Synthetic Biodegradable Polymer Market
- The global Polymer Stabilizers market was valued at
USD 7834.2 million in 2023 and is
anticipated to reach USD 10010
million by 2030, witnessing a CAGR of 3.5% during the
forecast period 2024-2030.
- Plastics & Polymers Market
- The global Inorganic Polymers market was valued at
USD 26040 million in 2023 and is
anticipated to reach USD 32880
million by 2030, witnessing a CAGR of 3.3% during the
forecast period 2024-2030.
- The global market for Natural Polymers was estimated to
be worth USD 4034.4 million in 2023
and is forecast to a readjusted size of USD
6844.2 million by 2030 with a CAGR of 7.4% during the
forecast period 2024-2030
- The global Polymer Biocompatible Materials market was
valued at USD 745 million in 2023 and
is anticipated to reach USD 1123.2
million by 2030, witnessing a CAGR of 6.2% during the
forecast period 2024-2030.
- The global Water-Soluble Polymers market was valued at
USD 50170 million in 2023 and is
anticipated to reach USD 73120
million by 2030, witnessing a CAGR of 5.4% during the
forecast period 2024-2030.
- High Performance Polymers Market
- The high performance plastics market was valued at
USD 23.6 billion in 2022, and is
estimated to reach USD 58.0 billion
by 2032, growing at a CAGR of 9.5% from 2023 to 2032.
- The global Natural Fiber Composites (NFCs) market was
valued at USD 6354 million in 2023
and is anticipated to reach USD 11750
million by 2030, witnessing a CAGR of 9.0% during the
forecast period 2024-2030.
- The global FRP Rebar market is projected to reach
USD 1209.7 million by 2030 from an
estimated USD 818.4 million in 2024,
at a CAGR of 6.7% during 2024 and 2030.
- The global High-precision Ceramic Components market was
valued at USD 9190 million in 2023
and is anticipated to reach USD 13140
million by 2030, witnessing a CAGR of 4.8% during the
forecast period 2024-2030.
- The global Ceramic Granular Materials market was valued
at USD 1235 million in 2023 and is
anticipated to reach USD 1971 million
by 2030, witnessing a CAGR of 7.1% during the forecast period
2024-2030.
- Ceramic Colours Market
- The global Ceramic Core market was valued at
USD 171.4 million in 2023 and is
anticipated to reach USD 226.3
million by 2030, witnessing a CAGR of 4.0% during the
forecast period 2024-2030.
- Large Format Ceramic Panel Market
- Ceramics and Glass Testing Equipment Market
- The global Ceramic PCB market was valued at USD 1362 million in 2023 and is anticipated to
reach USD 3793.1 million by 2030,
witnessing a CAGR of 14.2% during the forecast period
2024-2030.
- Ceramic Tester Market
- The global Ceramic Ferrule market is projected to reach
USD 680 million by 2030 from an
estimated USD 383.9 million in 2024,
at a CAGR of 10.0% during 2024 and 2030.
- The global Decorative Coatings market was valued at
USD 46670 million in 2023 and is
anticipated to reach USD 55350
million by 2030, witnessing a CAGR of 2.4% during the
forecast period 2024-2030.
- The global Paints & Coatings market is projected to
reach USD 277.8 million by 2030 from
an estimated USD 213.3 million in
2024, at a CAGR of 4.5% during 2024 and 2030.
- Construction Paints and Coatings Market
- The global Industrial Coatings market was valued at
USD 69 million in 2023 and is
anticipated to reach USD 94 million
by 2030, witnessing a CAGR of 4.0% during the forecast period
2024-2030.
- Cool Coatings Market
- Appliance Coatings Market
- Chemical Resistant Coatings Market
- Protective Coatings for Construction Market
- The global Non-stick Coatings market was valued at
USD 491.7 million in 2023 and is
anticipated to reach USD 653.6
million by 2030, witnessing a CAGR of 4.1% during the
forecast period 2024-2030.
- The global Antifouling Paints and Coatings market was
valued at USD 1033 million in 2023
and is anticipated to reach USD 1206.9
million by 2030, witnessing a CAGR of 2.2% during the
forecast period 2024-2030.
- Container Coatings and Paints Market
- High Solids Content Coating Market
- The global Packaging Inks and Coatings market was valued
at USD 25470 million in 2023 and is
anticipated to reach USD 34570
million by 2030, witnessing a CAGR of 4.4% during the
forecast period 2024-2030.
- Multifunctional Smart Coatings and Surfaces Market
- Polarizing Coatings Market
- The global Thermal Spray Coatings Materials market was
valued at USD 65 million in 2023 and
is anticipated to reach USD 88
million by 2030, witnessing a CAGR of 4.7% during the
forecast period 2024-2030.
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