The Global Self-Healing Materials Market is projected to reach a value of over USD 6.3 billion by 2027 at a CAGR of around 26.9%.
Self-healing materials are artificial or synthetically-created materials or products that have the built-in capability to automatically and autonomously heal damage to themselves without external or human involvement. Self-healing materials are largely used in concrete and coatings applications. The self-healing process of these smart materials starts with responding to change in external stimuli such as temperature, light, and others. The most commonly used self-healing materials are elastomers and polymers, whereas it covers a wide range of materials from metals to ceramics.
Market Driver:
The construction industry is witnessing the growing application of self-healing concretes, composites and polymers which can repair cracks, punctures or other damages done to the surface when exposed to air, heat or water. Self-healing asphalt for the roads and highways construction are known to increase its lifespan. Also, self-healing cement and mortar for building construction is a growing market. These materials will soon replace the conventional materials that are presently being used in the industry. The heavy investments in the construction sector by government, as well as non-government bodies, will have a positive influence on the global self-healing materials market.
Market Opportunities:
The high cost of such innovate and advance material is anticipated to hinder the global self-healing material market over the forecast period. Besides, limited awareness of the products primarily across the less developed economies is expected to limit the market growth over the period.
The report on the Self-Healing Materials market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
Report Features |
Specifics |
---|---|
Historical/Estimated/Forecasted Market Size Years |
2019-2027 |
Base Year for Market Calculation |
2020 |
Forecasted Period |
2021-2027 (2021 estimated year, forecasted up to 2027) |
Measured Units |
Value (USD Million) and Volume (Kiloton) |
Segments Included |
Form, Material Type, End-Use Industry, and Region |
Regional Coverage |
North America, Asia-Pacific, Europe, Middle East & Africa, South America |
For the scope of the report, In-depth segmentation is offered by Forencis Research
Self-Healing Materials Market, by Form
Self-Healing Materials Market, by Material Type
Self-Healing Materials Market, by End-Use Industry
Self-Healing Materials Market, by Region
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE SELF-HEALING MATERIALS MARKET STUDY
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY