Global Market for Self-Healing Materials is Anticipated to grow at a Significant Pace i.e., USD 61.55 Billion during the Forecast Period 2021-2027

Published Date: Jan, 2022

During the forecast period 2021-2027, the global self-healing material market is predicted to increase at a CAGR of 62.6%. The market for self-healing materials is being influenced by an increase in acceptance of self-healing materials due to its ability to repair damages caused by mechanical friction, as well as a transition from traditional materials to advanced materials due to long-term benefits. Coating and concrete applications use self-healing materials. Factors attributing to the growth of self-healing material include rising awareness about self-healing materials, technological innovations in the advanced material field aimed at self-healing, stringent government regulations on the adoption of self-healing materials to improve product quality and safety, increased adoption in building & construction, automotive, aerospace, energy generation, electronics, healthcare, and transportation industry and their long-term financial benefits over traditional materials are likely to drive market expansion in the self-healing materials market. Concrete, coatings, polymers, asphalt, fiber-reinforced composites, ceramics, and metals are examples of self-healing materials.

In December 2021, AMP-UPTM RB, a self-healing, low VOC protection solution for rebar and structural metals embedded in concrete, has been added to the product range of Autonomic Materials, Inc. (AMI), a leading developer of smart coatings utilizing microencapsulation technology. AMP-UP RB was specifically created for long-term corrosion protection of structural metals embedded in concrete during new construction and concrete restoration, based on AMI's breakthrough corrosion inhibiting technology platform.

The COVID-19 outbreak has significantly impacted the self-healing materials market as several end use industry verticals such as building & construction, automotive, etc. have adverse consequences owing to temporary lockdowns, stringent regulations by government to curb the spread of the coronavirus.

Browse 63 market data Tables and 40 Figures spread through 250 Pages and in-depth TOC on " Self-Healing Materials Market by Form (Extrinsic (Capsule-Based and Vascular) and Intrinsic), by Material Type (Concrete, Coatings, Polymers, Asphalt, Fiber-Reinforced Composite, Ceramics, and Metals), by Technology (Reversible Polymers & Elastomers, Microencapsulation, Shape-Memory Materials, Biological Material Systems, and Others), by Application (Energy Generation, Building & Construction, Automotive & Transportation, Electronics & Semiconductors, Medical, and Others), and Region - Global Forecast to 2027"

By material type, the polymer category is projected to witness highest CAGR during the forecast period.

Concrete, coatings, polymers, asphalt, fiber-reinforced composite, ceramics, and metals are the material types that make up the global self-healing material market. Because of its increasing use in the plastic industry and engineering activities, the polymers category is expected to rise at a high CAGR during the projection period. Polymers are widely utilized because of their capacity to repair micro-scale damage and restore the substrate's passive condition, resulting in higher adoption.

Global Self-Healing Materials Market Segmentation Analysis

Segment

Categorization

Leading Category

Form

Extrinsic (Capsule-Based and Vascular) and Intrinsic

Extrinsic (Largest)

Material Type

Concrete, Coatings, Polymers, Asphalt, Fiber-Reinforced Composite, Ceramics, and Metals

Polymer (Largest)

Concrete (High CAGR)

Technology

Reversible Polymers & Elastomers, Microencapsulation, Shape-Memory Materials, Biological Material Systems, and Others

Reversible Polymer (Largest)

Application

Energy Generation, Building & Construction, Automotive & Transportation, Electronics & Semiconductors, Medical, and Others

Building & Construction (Largest)

Automotive (Fastest)

Region

North America, Europe, Asia-Pacific, and Rest of the World

Europe (Largest)

Asia-Pacific (Fastest)

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“Europe to hold the largest regional market share in self-healing materials market.”

The European area holds the largest market share in the global market, owing to rising adoption rates, and increased development in the pharmaceutical business, which drives market demand to this region. Furthermore, the rising development in countries such as France and Italy lead to increased company expansion, which promotes market demand.

Some of the major players in the global self-healing materials market include ACCIONA, applied thin films inc., Akzo Nobel N.V., Autonomic Materials, Inc., BASF SE, Covestro AG, NEI Corporation, Huntsman International LLC, Bayer AG, and SENSOR COATING SYSTEMS LTD.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2015–2027

Historical Period

2015–2020

Base Year

2020

Forecast Period

2021–2027

Segments Covered in the Study

Form, Material Type, technology, Application, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

ACCIONA, applied thin films inc., Akzo Nobel N.V., Autonomic Materials, Inc., BASF SE, Covestro AG, NEI Corporation, Huntsman International LLC, Bayer AG, and SENSOR COATING SYSTEMS LTD

Global Self-Healing Materials Market Coverage

Form Insight and Forecast 2015-2027

  • Extrinsic
    • Capsule-Based
    • Vascular
  • Intrinsic

Material Type Insight and Forecast 2015-2027

  • Concrete
  • Coatings
  • Polymers
  • Asphalt
  • Fiber-Reinforced Composite
  • Ceramics
  • Metals

Technology Insight and Forecast 2015-2027

  • Reversible Polymers & Elastomers
  • Microencapsulation
  • Shape-Memory Materials
  • Biological Material Systems
  • Others

Application Insight and Forecast 2015-2027

  • Energy Generation
  • Building & Construction
  • Automotive & Transportation
  • Electronics & Semiconductors
  • Medical
  • Others

Geographical Segmentation

Self-Healing Materials Market by Region

North America

  • By Form
  • By Material Type
  • By Technology
  • By Application
  • By Country – U.S., Canada, and Mexico

Europe

  • By Form
  • By Material Type
  • By Technology
  • By Application
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Form
  • By Material Type
  • By Technology
  • By Application
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Form
  • By Material Type
  • By Technology
  • By Application
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries