Press release
Self-Healing Polymer Market Growth, Trends and Forecast 2018 | Top Company Players - Covestro AG, Arkema Group, Evonik Industries AG, Autonomic Materials Inc., Teijin Aramid, Akzo Nobel N.V.
Self-Healing Polymer Market - OverviewSelf-Healing Polymer is designed to reconcile (heal) the crack or other damages automatically on its own. Used as a base material in several products such as concrete, rubber, plastics, fibers, and paints & coatings, this Polymer can not only resist the attack but also quickly recover from the degradation caused due to the time (archaic) or mechanical friction. Due to its self-healing property, this Polymer is extensively used as encapsulating material for fuel tanks on military helicopters and phone screens, among several other products that are prone to the risk of shattering in their lifetime.
However, the best part about Self-Healing Polymer is that it can efficiently fight out fatigue that slowly weakens the concrete over time, causing microscopic damages; to the buildings. Another simply logical application of Self-Healing Polymer is in fiber-reinforced composites made from brittle polymers, which are susceptible to micro-cracking when subjected to thermo-mechanical loading common to their application environment such as aerospace, and automotive.
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Self-Healing Polymer Market - Competitive Analysis
This market appears to be highly competitive and fragmented. Innovation, mergers & strategic partnership, and brand reinforcement remain the key trends for leading players.
Industry/ Innovation /Related News:
May 8, 2018 – The Lubrizol Corporation (US) a leading global provider of specialty chemicals and engineered polymers presented its latest product – Estane(R) TPU high-performance solutions for surface protection and graphics at the NPE 2018. The company showcased the benefits of plasticizer-free Estane TPU (Thermoplastic Polyurethane) in applications such as self-healing materials, graphics vehicle wraps, paint protection, graphics media, automotive interiors, signage, wind energy, flooring, consumer goods and architectural.
Self-Healing Polymer Market - Segmentation
MRFR has segmented the analysis into three Key dynamics.
By Forms: Comprises - Capsule Based, Intrinsic and Vascular.
By End-Use Industries: Building & Construction, Paints & Coatings, Electrical & Electronics, Healthcare and Aerospace, among others
By Regions: North America, Europe, APAC and Rest of the World.
Segment: Capsule based by Forms accounts for the largest segment in the global market.
Self-Healing Polymer Market - Regional Analysis
The Asia Pacific region is expected to lead the Global Self-Healing Polymer Market. The increase in the research and development activities for the Self-Healing Polymers is driving the regional market. Besides, APAC is the largest producer and consumer of the product. Owing to the augmented demand from the end-user industries such as building & construction and paints & coatings, mainly in India & China the region is likely to continue with its dominance. The construction sector, backed by the growing population and improving the economy and the automotive industry, which consumes paint and coatings extensively drives the market growth in the developing countries such as India, Japan, China, and Vietnam. This, in turn, drives the regional market growth.
The MEA Self-Healing Polymer Market is expected to become one of the fastest growing markets. Huge investments transpired in infrastructure and buildings in some of the GCC countries such as Saudi Arabia, and UAE (United Arab Emirates) are expected to influence the market growth positively. Furthermore, technological advancements and rising R&D activities in Israel are anticipated to fuel the regional market growth.
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