Global Self Healing Materials Market

Global Self-Healing Materials Market, By Form (Intrinsic, Extrinsic), By Material Type (Asphalt, Coatings, Polymers, Concrete, Fiber-Reinforced Composites, Ceramic, Metals), By End-User (Building & Construction, Mobile Devices, General Industrial, Transportation, Others), By Region (North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle-East & Africa (MEA) Trend Analysis, Competitive Market Share & Forecast, 2017-2027

  • Published Date: August 2021
  • Report ID: BWC2131
  • Available Format: PDF
  • Page: 200

Report Overview

The global self-healing materials market is propelled by factors such as the booming construction and transportation industries, as well as increased R&D activities in the creation of self-healing polymers and increased awareness of self-healing technologies.

The global self-healing materials market was worth USD 1.2 billion in 2020 and is further projected to reach USD 34.6 billion by the year 2027, growing at a CAGR of 61.9% during the forecast period. The growth of the market is driven by factors such as the flourishing construction and transportation industry, which is fueling the demand for self-healing products. Furthermore, the expanding use of self-healing materials in mobile devices is projected to propel the growth of the global self-healing materials market during the forecast period.

Self-Healing Materials Market

Source: BlueWeave Consulting

Global Self-Healing Materials Market- Overview

Artificial or synthetically created "self-healing" materials are materials that automatically repair damage to themselves without the need for external analysis, monitoring, or intervention from human beings.Though polymers and elastomers are the materials most commonly used as self-healing materials, the concept can be applied to any material, including metals, cementitious materials, and ceramics. Some materials can instantly heal the damage while some require an external stimulus to do so. The former is known as autonomic self-healing materials while the latter is known as non-autonomic self-healing materials.

Global Self-Healing Materials Market Forecast and Trends

Growth Drivers

Increasing Demand for Self-Healing Materials in The Construction Industry

A traditional concrete building will develop micro-cracks during construction or as time passes.There may be leakage problems resulting from these cracks, which could eventually cause corrosion and increase the risk of collapse. Therefore, building construction engineers across the globe are recommending the use of self-healing materials, which is expected to drive the self-healing materials market during the forecast period. Several companies are also working on creating cheaper options of self-healing materials to promote its growth.

Growing R&D Activities in The Development of Self-Healing Polymers

As of now, self-healing technology is in the development phase and has yet to reach its full potential. Therefore, industry leaders and research institutes are investing and focusing significantly towards advancing and innovating self-healing materials. For instance, Indian scientists recently developed a self-healing material that can repair itself spontaneously when damaged. Furthermore, this material also does not need the support of external triggers to activate. Such developments are likely toboost the capacity of self-healing materials, which can promote its adoption in end-user industries, thereby propelling the market growth.

Restraints

High-Cost ofSelf-Healing Materials

The cost of self-healing materials is higher than traditional materials, which affects their adoption as well as revenue.According to most estimates, the cost of self-healing concrete used in the construction industry is between USD 33 and USD 44 per square meter, which affects the final product price. Such high prices negatively impact the market of self-healing materials, especially in developing countries like India and China, where manufacturers focus more on price margin than the quality of the product.

Impact of COVID-19 on Global Self-Healing Materials Market

Several industries have been affected by the COVID-19 outbreak, among which the manufacturing and construction industries are among the most affected. As a result, the global self-healing materials market suffered inexorably. Due to nationwide lockdowns imposed by the government of different countries around the world, the demand for self-healing materials was halted as automobile manufacturing plants were temporarily shut down. The global market also suffered a setback during COVID-19, as construction activities were halted due to social distancing protocols.

Global Self-Healing Materials Market - By Form

Based on forms, the global self-healing materials market is segmented into intrinsic and extrinsic. The intrinsic self-healing materials segment holds the largest market share. Intrinsic polymers require external triggers or stimulation to repair the damage. These external triggers may be thermo-mechanical, electrical, photo-stimuli, etc. Several self-healing strategies are adopted to trigger intrinsic self-healing, such as reversible reactions or temperature triggers. However, extrinsic self-healing materials are also gaining significant traction in the global self-healing materials market as they are capable of self-healing without any external force.

Global Self-Healing Materials Market - By Material-Type

Based on material types, the global self-healing materials market is categorized into asphalt, coatings, polymers, concrete, fiber-reinforced composites, and ceramic, metals. Among these, the coatings segment holds the largest market share because of its growing demand in the automobile and aerospace industry. According to experts, self-healing materials have the potential to transform the future of cars. Using self-healing coatings on cars can allow them to prevent scratches or repair damages in a proactive manner. The cost of maintenance can be dramatically reduced because of this.

Global Self-Healing Materials Market - Regional Insights

Geographically, the global self-healing materials market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle-East & Africa. Among these regions, Europe accounts for the largest market share owing to the wide application of self-repairing polymers in countries like France, Germany, Spain, etc. The flourishing automobile industry, along with extensive R&D activities play a significant role in driving the self-healing materials market in the European market. North America, on the other hand, holds the second position because of the growing end-user industries like construction, building, transportation, etc.

Regional Insights

Source: BlueWeave Consulting

Competitive Landscape

The leading market players in the global self-healing materials market are NEI Corporation, Acciona, S.A., Michelin North America Inc., Apple Inc., MacDermid Autotype Ltd., Autonomic Materials, Inc., Goodyear, BASF SE, Bayer AG, Akzo Nobel N.V., Huntsman International LLC, Sensor Coating System Limited, DEVAN, High Impact Technology, LLC, Stratosphere S.A., Adaptive Surface Technologies, DuPont, Critical Materials S.A., Slips Technologies, Inc., and other prominent players.

Collaboration with research institutes enables the players in the industry to invest substantially in research and development to improve the technology of their products. In addition, the market players partner with third-party distributors in order to increase their product penetration, thereby strengthening their market presence. Furthermore, the adoption of competitive strategies like product approvals and launches, mergers and acquisitions, joint ventures is also very prominent in this market.

Recent Developments

  • In July 2021, the Engineering and Physical Sciences Research Council (EPSRC), a part of UK Research and Innovation (UKRI), announced its plan to invest around USD 22.5 million in the creation of sustainable road maintenance schemes using robotic intervention and self-sensing and self-healing materials.
  • In March 2021, CompPair Technologies Ltd., a Switzerland-based company, announced to have closed around USD 1.5 million in the seed funding round to advance composite self-healing technology.

Scope of the Report

Attributes

Details

Years Considered

Historical data – 2017-2020

Base Year – 2020

Forecast – 2021 – 2027

Facts Covered

Revenue in USD Million

Market Coverage

U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia

Product Service/Segmentation

By Form, By Material Type, By End-User, By Region

Key Players

NEI Corporation, Acciona, S.A., Michelin North America Inc., Apple Inc., MacDermid Autotype Ltd., Autonomic Materials, Inc., Goodyear, BASF SE, Bayer AG, Akzo Nobel N.V., Huntsman International LLC, Sensor Coating System Limited, DEVAN, High Impact Technology, LLC, Stratosphere S.A., Adaptive Surface Technologies, DuPont, Critical Materials S.A., Slips Technologies, Inc., and other prominent players.

By Form

  • Intrinsic
  • Extrinsic
  1. Capsule-Based
  2. Vascular

By Material Type

  • Asphalt
  • Coatings
  • Polymers
  • Concrete
  • Fiber-Reinforced Composites
  • Ceramic
  • Metals

By End-User

  • Building & Construction
  • Mobile Devices
  • General Industrial
  • Transportation
  1. Automotive
  2. Aerospace
  • Others

By Region

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

 

FAQs:

1. What is the current size of the global self-healing materials market?

Answer: The global self-healing materials market reached USD 1.2 billion in 2020.

2. What are the major factors driving the growth of the global self-healing materials market?

Answer: The major factors driving the growth of the global self-healing materials market are the increasing demand for self-healing materials in the construction industry and growing R&D activities in the development of self-healing polymers.

3. Who are the key players in the global self-healing materials market?

Answer: The key players in the global self-healing materials market areNEI Corporation, Acciona, S.A., Michelin North America Inc., Apple Inc., MacDermidAutotype Ltd., Autonomic Materials, Inc., Goodyear, BASF SE, Bayer AG, Akzo Nobel N.V., Huntsman International LLC, Sensor Coating System Limited, DEVAN, High Impact Technology, LLC, Stratosphere S.A., Adaptive Surface Technologies, DuPont, Critical Materials S.A., Slips Technologies, Inc., and other prominent players.

4. Which material-type segment accounted for the largest share in the global self-healing materials market?

Answer: The coatings segment accounted for the largest share in the global self-healing materials market.

5. Which region is at the highest growth rate in the global self-healing materials market?

Answer: Europe has the largest share in the global self-healing materials market.