Self-Healing Materials Market

Self-Healing Materials Market Size (2023-2028)

The self-healing materials market size is anticipated to reach $ 3.451.5 million by 2028, with a startling CAGR of 22.2% during the forecast period.

The market is driven by escalated calls in the Europe region, elevated awareness of the advantages of self-healing materials, and the surfacing construction and transport sectors. Building and construction are one of the main markets for self-healing materials in developing and developed economies. Self-healing materials are artificially designed substances that have their own restorative properties without any use of external force. These materials repair themselves and are in high demand due to their self-healing abilities that reduce the additional cost of maintenance.

The self-healing process of these smart materials begins with responding to changes in external stimuli such as temperature, light, and others. The most widely used self-healing materials are elastomers and polymers, while they cover a wide range of materials, from metals to ceramics. The global self-healing materials market is anticipated to grow at an encouraging CAGR over the forecast years. The escalating demand for advanced self-healing polymers from end-use industries and the ability of the materials to repair the damage caused by mechanical friction are the factors that are anticipated to drive the self-healing materials market growth during the outlook period.

Self-Healing Materials Market Drivers:

The global self-healing materials market is anticipated to experience extraordinary growth during the forecast period owing to the surge in the construction industry in the world. The escalated demand for energy-efficient building solutions is a major driver of market growth. In addition, the strong adoption of the product in the application industry is anticipated to drive growth. The escalating adoption of these materials by major players in the electronics and semiconductor markets is anticipated to drive the expansion of the industry during the foreseen period. In addition, the use of these products in proprietary applications is anticipated to benefit the development of the industry during the envisioned period. The main factor in the self-healing materials market is that self-healing materials notably reduce the maintenance essential to restore the damage. Self-healing materials, such as self-healing mortars and self-healing cement used in the construction industry, have received remarkable demand in recent years. The trend is also anticipated to continue in the years to come.

Opportunities in the Self-Healing Materials Market:

The growing demand for advanced self-healing polymers is anticipated to improve productivity and minimize losses, related to product damage, especially in the automotive and electronic device manufacturing industries, driving growth. In addition, an increase in the application of these materials in paints and coatings in the aforementioned industries is anticipated to promote growth. The increase in CAPEX of companies in the sector is anticipated to open new avenues for market growth during the forecast period.

Challenges in the Self-Healing Materials Market:

Limited product knowledge, mainly in less developed economies, is anticipated to limit market growth over the next seven years. Ensuring the competitiveness, profitability, and scaling of pilot productions to an industrial scale are the main challenges that are anticipated to impact the growth of the industry during the anticipated timeframe.

SELF-HEALING MATERIALS MARKET REPORT COVERAGE:

MARKET SEGMENTATION

Self-Healing Materials Market - By Form:

• Extrinsic

• 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.

Self-Healing Materials Market - By Material Type:

• Concrete

• Coatings

• Polymers

• Asphalt

• Fiber-reinforced Composite

• Ceramic

• Metals

Asphalt is the fastest-growing application segment of the self-healing materials markets in countries such as Germany, France, and the Netherlands.

Self-Healing Materials Market - By End-use 

• Building and Construction

• Transportation

• Mobile Devices

Self-Healing Materials Market - By Region

The Self-Healing Materials Report includes the segmentation of Regions with their respective Countries.

• North America Self-Healing Materials Industry includes the U.S. and Canada.

• Europe Self-Healing Materials Industry includes the UK, France, Spain, Germany, Italy, Russia, Sweden, Denmark, Switzerland, Netherlands, Turkey, Czech Republic & Rest of Europe.

• Asia Pacific Self-Healing Materials Industry includes India, China, Japan, South Korea, Australia & New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore & Rest of APAC.

• Latin America Self-Healing Materials Industry includes Brazil, Mexico, Argentina, Chile & Rest of LATAM.

• The Middle East & Africa Self-Healing Materials Industry includes KSA, UAE, Israel, the rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA.

The Europe region dominates the global market for self-healing materials. The Asia-Pacific market is anticipated to experience strong growth due to the escalating demand from the automotive industry. The increase in demand for self-healing materials in North America and Europe is comparatively less than in the Asia Pacific due to the economic downturn in these regions. The United States dominates the North American market, in terms of consumption, due to strong demand from the residential sector, widely developed manufacturing industry, and government infrastructure development initiatives. Mexican government initiatives to increase foreign direct investment in the semiconductor industry are believed to stimulate growth in the microelectronics manufacturing industry. This is believed to drive demand for semiconductor coating, which positively impacts the consumption of self-healing materials in North America.

The construction sector in the Asia-Pacific is anticipated to show exponential gains due to rising per capita income, rapid urbanization, and a growing population, which is anticipated to support industry growth. Asia-Pacific is foreseen to experience an increase in CAGR over the forecast years. The relocation of the manufacturing base to the region, combined with escalating purchasing power parity, is positively stimulating the market. In addition, escalated public investment in the retail sector, especially in India and China, has helped overcome barriers to sourcing goods such as electronics and medical devices, which contributes significantly to the growth of the market.

Recent Developments 

• A research team from RIKEN and Kyushu University has designed a new type of matter, based on ethylene, which exhibits numerous useful properties such as self-healing and shape memory. Surprisingly, some of the materials can self-polymerize quickly even in water or in acidic and alkaline solutions. The latest material is based on ethylene, a compound that is the source of much of the plastic used today.

• Acciona Infrastructures is working on two European projects of the Seventh Framework Program to carry out research, to improve materials capable of regenerating their initial properties without external interruption.

MAJOR KEY PLAYERS INVOLVED IN THE SELF-HEALING MATERIALS MARKET

1. Acciona S.A. (Spain)

2. AkzoNobel N.V. (Netherlands)

3. Applied Thin Films, Inc. (U.S.)

4. Arkema SA (France)

5. Autonomic Materials Inc. (U.S.)

6. Avecom N.V. (Belgium)

7. BASF SE (Germany)

8. Covestro AG (Germany)

9. Critical Materials S.A. (Portugal)

10. Devan Chemicals (Portugal)

11. E.I. Du Pont De Nemours and Company (U.S.)

12. Evonik Industries (Germany)

13. Sensor Coating Systems Ltd. (U.K.)

14. Slips Technologies, Inc. (U.S.)