Self-healing Materials Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Self-healing materials market was valued at US$ 435 million in 2021, it is expected to grow at a CAGR of 27% between 2022 and 2031

Self-healing materials can partially or fully recover the damage during operational use or with external stimulation such as light and temperature but with no human intervention. This material consists of polymers, metals, ceramics, and their composites. Self-healing materials are preferred to prevent frequent cracks or damage that may deteriorate overtime and affect the efficiency of the system. In addition, self-healing materials increase the lifespan of components and may help save additional costs. The rising preference of self-healing materials due to regulations regarding longer service guarantee of products has been bolstering the market.

MARKET DYNAMICS

There is a growing demand for self-healing materials for safety purposes in construction, electronics, military, automotive and consumer products. Growing urbanization resulting in increased infrastructure is also contributing significantly toward the self-healing materials industry growth. Furthermore, preference for durable materials to save maintenance costs propels market growth. Along with these, lucrative opportunities on account of huge investments in R&D adding impetus to the growth of the self-healing materials industry. However, highly priced products restrict the self-healing materials market growth.

MARKET SCOPE

The "Global Self-healing Materials Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of market with detailed market segmentation by type, form, and end use. The report provides key statistics on the market status of the leading self-healing materials market player and offers key trends and opportunities in the self-healing materials industry.

Strategic Insights

MARKET SEGMENTATION

The global self-healing materials market is segmented based on type, form, and end use. Based on type, the market is segmented into polymers, composites, ceramics, concrete, and others. Based on form, the market is bifurcated into extrinsic and intrinsic. In terms of end use, the market is categorized into healthcare, automotive and transportation, electrical and electronics, building and construction, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global self-healing materials market based on various segments. It also provides market size and forecast estimates from 2021 to 2031 with respect to five major regions—North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America. The self-healing materials market by each region is later sub-segmented by respective countries. The report covers analysis and forecast of 18 countries globally along with current trends and opportunities prevailing in the region.

From the regional perspective, Asia Pacific dominates the self-healing materials market in 2021. The dominance of Asia Pacific in the market is majorly due to the high adoption rate of self-healing materials from construction, automotive, electronics, etc. Some of the key self-healing materials manufacturers in the region include Acciona S.A.; AkzoNobel N.V.; Applied Thin Films, Inc.; Arkema SA; and Autonomic Materials Inc. These suppliers witness constant demand from end-use industries. The below figure showcases the revenue growth trend in the self-healing materials market:

The report analyzes factors affecting self-healing materials market from both demand and supply side and further evaluates market dynamics, i.e., drivers, restraints, opportunities, and future trends, effecting the market during the forecast period. The report also provides exhaustive Porter's five forces analysis highlighting the factors affecting the self-healing materials market.

IMPACT OF COVID-19 PANDEMIC

Due to the COVID-19 pandemic, many industries, such as chemical & materials and construction, faced unprecedented challenges due to disruptions in the global supply chain that adversely affected the manufacturing, delivery schedules, and sales of various goods. The market size for self-healing materials decreased due to a decline in the growth of several industrial sectors. Many production sites were either partially or fully closed to combat the spread of SARS-CoV-2. The COVID-19 pandemic also caused fluctuations in the prices of self-healing materials.

However, since 2021, the automotive and construction industry has been strongly growing and the growth trend is foreseen to continue over the years. This would propel the consumption of self-healing materials, thereby likely to bolster the market during the forecast period.

Self-healing Materials Market Report Analysis

Self-healing Materials Market

• 
  CAGR (2023 - 2031)

  27.00%
• Market Size 2023
  US$ 637.54 Million
• Market Size 2031
  US$ 4,314.57 Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Acciona, S.A.
• Akzo Nobel N.V.
• Apple Inc.
• Autonomic Materials, Inc.
• BASF SE
• Bayer AG
• MacDermid Autotype Ltd.
• Michelin North America Inc.
• NEI Corporation

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Type

• Polymers
• Composites
• Ceramics
• Concrete

By Form

• Extrinsic
• Intrinsic

By Application

• Healthcare
• Automotive and Transportation
• Electrical and Electronics
• Building and Construction

MARKET PLAYERS

The reports cover key organic and inorganic growth strategies in the self-healing materials market. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from self-healing materials market are anticipated to witness lucrative growth opportunities in the future with the rising demand for self-healing materials.

The report also includes the profiles of key self-healing materials market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years. Below mentioned is the list of few companies engaged in the self-healing materials market.

• Acciona S.A.
• AkzoNobel N.V.
• Applied Thin Films, Inc.
• Arkema SA
• Autonomic Materials Inc.
• Avecom N.V.
• BASF SE
• Covestro AG
• Critical Materials S.A.
• Devan Chemicals

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Self-healing Materials Market Report Scope