Global Self-Healing Materials Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2022-2028- Increasing adoption of self-healing materials in automobile and electronics, rising awareness regarding rapid healing time, and growing usage of self-healing materials in building & construction sector are some of the major factors driving the growth of the Global Self-Healing Materials Market.
Global Self-Healing Materials Market is valued at USD 1.34 Billion in 2021 and expected to reach USD 6.87 Billion by 2028 with a CAGR of 26.3% over the forecast period.
Scope-
Self-healing materials are synthetic or artificially created substances that have the built-in ability to automatically repair damage to oneself without any external diagnosis of the problem or human intervention.
Key Players-
Some major key players for the global self-healing materials market report cover prominent players like -
• AkzoNobel N.V.
• Arkema SA
• Autonomic Materials Inc.
• Avecom N.V.
• BASF SE
• Covestro AG
• Critical Materials S.A.
• Devan Chemicals
• E.I. Du Pont De Nemours and Company
• Sensor Coating Systems Ltd.
• Slips Technologies Inc.
• Applied Thin Films Inc.
• Acciona S.A.
• Evonik Industries
• others
Segmentation-
ByForm:
• Intrinsic
• Extrinsic
ByMaterial:
• Concrete
• Ceramics
• Coatings
• Asphalt
• Polymers
• Fiber-Reinforced Composites
• Metals
ByEnd-User:
• Mobile Devices
• Building & Construction
• Transportation
• General Industrial
• Others
ByRegional&CountryLevel:
• North America
o U.S.
o Canada
• Europe
o U.K.
o France
o Germany
o Italy
• Asia Pacific
o China
o Japan
o India
o Southeast Asia
• Latin America
o Brazil
o Mexico
• Middle East and Africa
o GCC
o Africa
o Rest of Middle East and Africa
Increasing Adoption of Self-Healing Materials
in Automobile and Electronics,GrowingUsage of self-Healing Materials in Building & Construction Sector and RisingAwareness regarding Rapid Healing TimeareSomeoftheMajorFactorsDrivingtheMarketGrowth
One of the major factors driving the growth of the self-healing materials market is the increasing adoption of self-healing materials in automobiles and electronics.
Moreover, the rising awareness regarding rapid healing time is also supplementing the demand for the self-healing materials.
Europeis Expected to Capture a Major Share in the Global Self-Healing MaterialsMarket
NewsScientists DevelopedSelf-HealingMaterialsMadefromJellyandSalt
On February 19th, 2022; Scientists developed biodegradable, self-healing, 3Dprinted materials that have numerous applications from artificial hands to other uses in soft robotics. Developed using salt by researchers at Cambridge University, jelly-like substances are less expensive and are able to experience a variety of sensations - pressure, humidity, and temperature, TechXplore reported.
Self-healing Material Developed by Indian Scientists, Capable of AutonomousRepairs
On July 26th, 2021; Scientists at the Indian Institute of Science Education and Research (IISER) Kolkata developed self-repairing materials in collaboration with IIT Kharagpur. The self-repairing material bipyrazole is made of organic crystals and used in equipment that breaks down easily due to mechanical damage. The material can heal itself without the need for external intervention and there are many use cases in many industries.