Global Self-Healing Materials Market: Key Highlights
Global Self-Healing Materials Market: Key Market Dynamics
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Global Self-Healing Materials Market: Regional Overview
The Europe region dominates the global self-healing materials market owing to increasing demand from the automotive sector. The Automotive sector displays a significant demand for self-healing materials. This is because automotive OEMs apply an exterior covering to automobiles that work as a healer in the event of a scratch or a cut. Thus, the frequency of maintenance required due to scratches and cuts on automobiles is reduced significantly and also the frequency of regular maintenance.
Asia-Pacific is likely to emerge as a major market for self-healing materials due to their increasing applications in construction and automotive applications. In particular, economic development in countries such as China and India propelling the construction sector is also leading to the growth of this regional market.
Global Self-Healing Materials Market: Key Players Overview
Arkema S.A. is a specialty chemicals and advanced materials company headquartered in France. The company is organized into three business segments: Coating Solutions, Industrial Chemicals, and Performance Products. The Coating Solutions segment consists of business lines, including Acrylics, and Coating Resins and Additives. The company has the workforce more than 20,000 globally. The Group is structured into three coherent and complementary segments dedicated to Specialty Materials (Adhesive Solutions, Advanced Materials, and Coating Solutions) accounting for some 80% of its sales.
BASF SE is a German multinational chemical company and the largest chemical producer in the world. The BASF Group comprises subsidiaries and joint ventures in more than 80 countries and operates six integrated production sites and 390 other production sites in Europe, Asia, Australia, the Americas and Africa. The company is organized into major business segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, Agricultural Solutions.
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