Europe Is Dominating the Self-Healing Materials Market

The self-healing materials market is growing rapidly around the world. The major reasons that are credited to the growth of this industry are, increasing acceptance of these materials in the automotive, electronics and healthcare sectors, and their better long-term results.

On the basis of material, the polymer category had the largest share in the recent past, and it will also continue its dominance in the coming years. This can be attributed to the ability of polymers to heal themselves with no need for any interference, when they are damaged.

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On the basis of product, the industry is divided into concrete, metal, ceramic, fiber-reinforced composites, asphalt coating and polymer
On the basis of application, the building & construction category held the larger share in the recent past. This is mainly because growing usage of these materials in non-residential construction. Such materials have the ability to repair damage at an early stage, and if it is not checked it can bring about material failure.

Europe had the largest share in self-healing materials market in the recent past. This can be credited to the vast usage of polymers in Germany, France and the U.K.

These materials can be very helpful in snowballing the lifecycle of systems, as they heal the damage and also slow down the same. These materials are majorly used in aerospace, building & construction, oil & gas, and automotive sector. The main function of self-healing materials in construction is self-healing asphalt. It is a process in which capsules filled with oil are surrounded in the bituminous binder to increase the lifespan of asphalt roof covering.

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The functionality of these materials in the automotive sector includes anti-scratch polyurethane coatings on the basis of self-healing elastomers for automobiles. Therefore, the construction and automotive sectors will help expand the self-healing materials industry will also grow.

The giants of this market are Huntsman International LLC, The Goodyear Tire, NEI Corporation, Covestro AG, Acciona S.A., Autonomic Materials Inc., AkzoNobel N.V Arkema Group, and BASF SE

Therefore, the requirement for self-healing materials is surging, as the automotive and construction industry is expanding. All these factors will also contribute to the increase of the demand for these materials in the coming years.

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This release was published on openPR.