Self-Healing Materials Market to Witness Growth Acceleration During 2019-2025 | Key players are Bayer, Acciona, Critical Materials, Alstom, CEINNMAT, Volkswagen, Autonomic Materials
Owing to increasing self-healing materials research and development activities, North America is likely to be the significant self-healing materials market in the forecast period. The regional construction, electronics, and automotive industries are expected to drive the market. Thriving construction industry in China and other developing countries will make Asia Pacific region exhibit good growth aspects for the market.
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Global Self-Healing Materials Market size is witnessing an increasing demand in construction, automobiles and electronics industries. The market is likely to grow with a moderate CAGR in the period of 2017-2024. These materials autonomously repair the damage thereby extending their life spans.
Material aging and deterioration are the major challenges faced by the global construction industry. Self-healing plastics have a huge scope in the aerospace and aviation industries. These are the key factors for growth of self-healing materials demand in the near future, as they pose as a remedy to save the maintenance and replacement costs to a great extent in long run.
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1. Self-Healing Materials Market size & share forecast by product & application 2019-2025
2. Growth drivers, pitfalls & industry challenges
3. Key Self-Healing Materials Market growth opportunities & emerging business models
4. Competitive benchmarking with market share analysis and company profiles
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The global construction industry is witnessing 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 construction industry by government as well as non-government bodies will have a positive influence on the global self-healing materials market.
Significant players in the self-healing materials market include Apple, Bayer, Acciona, Critical Materials, Alstom, CEINNMAT, Volkswagen, Autonomic Materials, Flame Spray Technology Duco, PPG, Devan, BASF, Evonik, Ford, SLIPS technologies, Encore, ATFI, Fescon, LG, General Motors, GKN Aerospace, NEI, Avecom, Nissan, and Sensor Coatings Systems.
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