Self-Healing Materials Market - Industry Size, Share, Growth & Forecast 2028 | UnivDatos

 

Over the years, there is a significant growth in urbanization and industrialization, and because of this the industries like building and construction, and transportation are increasing. Moreover, with the growing population worldwide the demand for the construction of new buildings and houses, and changes in the lifestyle of people have increased the demand for self-healing materials as they find applications in many areas. In the construction industry self-healing concretes are used in critical areas. Self-healing corrosion-resistant coatings are useful for structural metallic components such as steel for achieving long durability with reduced maintenance cost. Other areas of applications of self-healing materials are in medical segments. Biocompatible self-healing composite may extend the service life of artificial bone, artificial teeth, and so on. The very recent discovery of self-healing rubber may find applications in the toy industry.

According to UnivDatos Market Insights (UMI)’ research report “Global Self-Healing Materials Market”, the market is expected to showcase a growth of around 50% during the forecast period. Increasing adoption of self-healing polymers and growing research & development activities to commercialize the materials at a large scale are some of the key attributable factors driving the market.

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Based on material type, the market is categorized into concrete, coatings, polymers, asphalt, fiber-reinforced composite, ceramic, metals, and others. Among these, concrete has a prominent share in the self-healing material market. Concrete is a conventional material largely used in construction. It is widely used in the construction of dams, ports, storage tanks, tunnels, roads, subways, and others. In spite of these, it is strong and durable.

Based on industry, the market is categorized into building and construction, transportation, electrical and electronics, general industrial, healthcare, and others. Among these, building and construction considerably have a large share in the market. As the population is increasing demand for buildings and houses is also increasing. Moreover, the rising use of self-healing materials in the non-residential construction sector, for durability and high strength is one of the factors driving the self-healing materials. Further, increasing public and private investments in construction activities is also a factor fueling the demand for self-healing materials in the construction & building sector.

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Asia-Pacific accounted for a considerable share of the self-healing materials market

The large base of the construction industry in the Asia-Pacific region helped the region to obtain a considerable position in the market. Regional demand for construction is increasing for the growing and already higher population. Further, improving per-capita income and disposable income is encouraging consumers to purchase large numbers of products, thereby increasing the demand for self-healing materials from the various sectors such as buildings and construction, healthcare, electrical and electronic, and others. In addition, the government of several countries is helping the industry in expansion by providing subsidies and creating policies. For instance, China’s draft “2022 Catalogue of Encouraged Industries for Foreign Investment”, contains 1,435 items. These align with China’s plans to attract foreign investments into high-tech manufacturing, production-oriented service industries, as well as regional advanced industries in the central, western, and northeastern regions. Opportunities also exist in industries linked to green, healthcare, elder care, sports, and vocational education sectors besides rural revitalization. Owing to such factors, the demand for self-healing materials would increase in the foreseeable future.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global self-healing materials market include Acciona S.A., E.I. Du Pont De Nemours and Company, Arkema S.A., Evonik Industries AG, BASF SE, Covestro AG,  Sensor Coating Systems Ltd., AkzoNobel N.V., Adaptive Surface Technologies, Inc., and Applied Thin Films, Inc. These companies are taking several strategic decisions to meet the growing demand and increase their market share.

“Global Self-Healing Materials Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on different parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.      

Market Segmentation:

1.      By Material Type (Concrete, Coatings, Polymers, Asphalt, Fiber-Reinforced Composite, Ceramic, Metals, and Others)

2.      By Industry (Building and Construction, Transportation, Electrical and Electronics, General Industrial, Healthcare, and Others)

3.      By Region (North America (US, Canada, Rest of North America), Europe (Germany, UK, France, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)

4.      By Company (Acciona S.A., E.I. Du Pont De Nemours and Company, Arkema S.A., Evonik Industries AG, BASF SE, Covestro AG,  Sensor Coating Systems Ltd., AkzoNobel N.V., Adaptive Surface Technologies, Inc., and Applied Thin Films, Inc.)

Key questions answered in the study:

1.      What are the current and future trends of the global self-healing materials industry?

2.      How the industry has been evolving in terms of material type and industry?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global self-healing materials industry?

5.      What are the customer orientation, purchase behavior, and expectations from the global self-healing materials suppliers across various region and countries?