Global Self-Healing Materials Market 2020-2027 | Know about Emerging Growth with Top Players like Akzo Nobel N.V., applied thin films, inc. (ATFI), Autonomic Materials Inc., Avecom, BASF SE

To stay ahead in the competition, this Global Self-Healing Materials Market research report has a lot to offer to the organization. The report has the data which helps in deciding about the use of technologies, the acquisition strategies to be employed and things required to build and uphold brand image. This Global Self-Healing Materials Market analysis gives an examination of various segments that are relied upon to witness the quickest development amid the estimated forecast frame. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Global self-healing materials market is expected to rise registering a healthy CAGR of 95.8% in the forecast period of 2019-2026. The rise in the market value can be attributed to its knowledge transfer and closer collaboration at early stage development, shifting government policies and increasing demand for self-healing materials from the European region.

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Key Market Competitors:

Few of the major competitors currently working in the self-healing materials market are Akzo Nobel N.V., applied thin films, inc. (ATFI), Autonomic Materials Inc., Avecom, BASF SE, Covestro AG, Critical Materials, Devan, DuPont de Nemours, Inc. Evonik, Adaptive Surface Technologies, Inc. and many more.

Competitive Analysis:

Global self-healing materials market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of self-healing materials market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Market Definition: Global Self-Healing Materials Market

Self-healing materials helps in restoring functionalities and automatically repairing various parts at atomic level without any human interference. They are triggered by environmental stimulus that includes alterations in pH, UV light, or by various other mechanical damages like microcrack. The wide applications of self-healing materials in cell phone, transport and building & construction manufacturing industries are expected to drive the market in the forecast period.

Market Drivers:

Government policy shifts focus toward legislations/regulations mandating longer service warranties; this factor will drive the market in the forecast period
Closer collaboration and knowledge transfer at early-stage development will also drive the market in near future
Self-healing materials yield long-term financial benefits compared to traditional materials; this factor will also propel the market
Increasing demand for self-healing materials from the European region will also help the market to grow in future

Market Restraints:

High cost of self-healing materials as compared to the conventional materials; this factor will hamper the market to grow in near future
Securing profitability and competitiveness will also act as a restraint for the market growth

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Segmentation: Global Self-Healing Materials Market

By Form

Extrinsic

Intrinsic

By Material Type

Concrete

Coatings

Polymers

Asphalt

Ceramic

Metals

By End-Use Industry

Building & Construction

Transportation

Mobile Devices

Others

By Geography

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Key Developments in the Market:

In January 2017, Evonik Industries AG acquired the specialty additives business of Air Products, a U.S. based company. The acquisition was done at USD 3.8 billion. The business deal will help the company in giving a smooth business transition. With this acquisition, the company will be able to grow in specialty additives market

In December 2016, BASF acquired Chemetall, a global surface treatment business of Albemarle. Chemetall. The acquisition will help both the companies in building their global infrastructure, market and sales access. Also, it will provide wide range of opportunities by providing wide range of solutions to their customers

Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints
Key market players involved in this industry
Detailed analysis of the market segmentation
Competitive analysis of the key players involved

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