Global self-healing materials market is
expected to gain a positive traction in the forthcoming period. Self-healing
materials are those materials that have the ability to heal inevitably with
heat or external pressure. From the commercial view, ability of a material to
show autonomous or self-repair is of much significance in terms of
sustainability, safety and cost. Self-healing materials helps in boosting the
lifespan of construction materials that are prone to severe cracks. These
materials then encompass and heal the cracks and also avoid the cracks from
getting expanded.
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Commercial significance of
self-healing materials is mainly sought by ships or oil & gas production
and also in coating of docks. This is done to strengthen the steel and prevent
corrosion. Driving factors responsible for the growth of self-healing materials
market include rise in use of self-healing materials in construction sector.
Also, the versatile features of self-healing materials enable positive growth
in the near future. However, the cost constraint involved in the self-healing
material market may hamper the growth.
Based on segmentation by product,
the self-healing materials market includes concrete, fiber-reinforced
composite, metals, coatings, polymers and asphalt. Based on segmentation by
application, the self-healing materials market include medical, electronics,
transportation, building & construction, aerospace, automotive and mobile
devices.
Geographically, self-healing
materials industry spans North America, Latin America, Europe, Middle-East,
Asia-Pacific and Africa. North America and Europe market dominates the global
market owing to rise in use of self-healing materials and replacing synthetic
hydrogels. APAC and MEA market is likely to gain a positive traction in the
forthcoming period owing to rise in awareness and availability of proper
medical structure.
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The key players in the
self-healing materials market include Teijin Aramid, Acciona, AkzoNobel,
Autonomic Thin Films, Arkema, BASF, Avecom, Covetro, Devan Chemicals, Critical
Materials, Dupont, Sensor Coating Systems and Slips Technologies. Several
startups and big players are undertaking R&D activities with newer
applications and innovations and commercialization in production of
self-healing materials.

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