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.
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. Typically, the material will deteriorate over time due to fatigue, environmental conditions, or damage during operation. Micro-level cracks and other types of damage have been shown to alter the thermal, electrical, and acoustic properties of the material, and the spread of cracks can lead to the final failure of the material. In general, cracks are difficult to detect early and require manual intervention for timely inspection and repair. The self-healing process of this intelligent material begins by responding to changes in external stimuli such as light and temperature. Elastomers and polymers are the most widely used self-healing materials.
The Covid-19 pandemic has shown a negative impact on the growth of the global self-healing materials market. The outbreak of Covid-19 has led to lockdowns, disrupting the supply chain decrease the demand of self-healing materials as it is widely used in construction and automotive industry. In addition, border closures and export bans have led to fluctuations in raw material prices and supply. This has affected both the production and use of self-healing materials.
The global self-healing materials market is segmented based on the form, material, end-use, and region & country level. Based on form, the global self-healing materials market is segmented into intrinsic, and extrinsic. Based on material, the global self-healing materials market is segmented by concrete, ceramics, coatings, asphalt, polymers, fiber-reinforced composites, and metals. By end-user, the global self-healing materials market is segmented into mobile devices, building & construction, transportation, general industrial, and others.
The regions covered in the global self-healing materials market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global self-healing materialsis sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.
Some major key players for the global self-healing materials market report cover prominent players like -
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. Self-healing materials help extend the life of the system, as they repair damage and further slow-down increased entropy. The most significant applications of such materials are in the automotive, aerospace, building and construction, and oil and gas industries. Applications in the automotive industry include anti-scratch polyurethane coating based on self-healing elastomers for automobile bodies. For instance, as per the news published, on June 29th, 2021; Researchers at Virginia Tech University have developed a new type of soft electronics that can self-heal and be renewed at the end of life.
In addition, the growing usage of self-healing materials in building & construction is also fostering the market growth. Self-healing material can likewise be utilized in civil infrastructure and be utilized in prosthetics so a simple crack won't bring about another medical procedure. On the off chance that a crack begins traveling through the material, it should be halted right away, generally, some accident might happen. Self-healing concrete-based materials, by controlling and fixing breaks, could avoid penetration of driving variables for deterioration. Hence the demand for self-healing materials for construction drives the market growth. For example; according to the U.S. Census Bureau, development spending during July 2022 was assessed at an occasionally changed yearly pace of $1,777.3 billion, 0.4 percent. Spending on private construction was at an occasionally changed annual rate of $1,424.2 billion, 0.8 percent and in July, the assessed occasionally changed the annual rate of public construction spending was $353.1 billion, 1.5 percent.
Moreover, the rising awareness regarding rapid healing time is also supplementing the demand for the self-healing materials. Various R & D experts in science and material engineering are constantly engaged in developing self-healing polymeric materials. Self-conductive materials are electronic or bioelectric materials that are formed by integrating reversible bonds into conductive type polymers and applying fillers in self-healing polymers. NASA has used a variety of self-healing systems for wiring structures and aeronautical engineering, which resulted in excellent results without scars after healing. NASA has developed some materials with even faster treatment times, using the viscoelastic properties of the material at high temperatures for bulletproof applications in aerospace, rotorcraft, aircraft, and defense. This is expected to boost market growth.
However, the high cost associated with self-healing materials may hinder the growth of the global self-healing materials market. Despite that, increasing technological advancements in this field may create more opportunities for the further growth of the global self-healing materials market.
Geographically, Europe is expected to capture a major share of the global self-healing materials market within the forecast period due to the rising demand for self-healing materials in the construction & building industry, growing research & development activities, and growing awareness about the benefits of these materials in this region. For instance; as per the news published, on October 4th, 2021; researchers from Spain developed new self-healing concrete. It has 30% greater durability to endure breaking when contrasted with ordinary high-performance concrete. In the case of a crack, it can fix itself consequently because of the utilization of self-healing procedures. Moreover, growing research & development activities in this field are also boosting the growth of the market in the Europe. For instance; in February 2019, a research group from RIKEN and Kyushu College developed another material, in light of ethylene, which shows a few valuable properties like self-healing and shape memory. Remarkably, a portion of the materials can have the ability to instinctively self-heal even in water or acidic and alkali solutions.
The Asia Pacific is the fastest-growing region in the global self-healing materials market due to increasing demand for energy-efficient construction solutions, rising government initiatives to develop infrastructure, and the presence of key players in this region. For instance; as per the news published, on July 20th, 2021; Indian scientists developed the world’s hardest self-healing material, which could be used in future phones.
On February 19th, 2022; Scientists developed biodegradable, self-healing, 3D-printed 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.
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.
|2018 - 2021
|2022 - 2028
|Market Size in 2021:
|USD 1.34 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 6.87 Billion
|Tables, Charts & Figures:
|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, and others
|By Form, By Material, By End-User
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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