What is the global market size of Self-Healing Material Market?

Self-Healing Material Market size was valued at USD 1.35 billion in 2021 and is poised to grow from USD 1.68 billion in 2022 to USD 12.37 billion by 2030, growing at a CAGR of 24.8% in the forecast period (2023-2030).

Self-healing Material Companies

Q: Which region accounted for the largest share in Global Self-Healing Material Market?

Europe dominated the global self-healing materials market and accounted for revenue share of 28.4% in 2021. Rising demand in the transportation industry is expected to boost the market. The increasing use of self-healing materials attributed to in comparable properties like durability, thermal stability, abrasion resistance, stiffness, strength and others shall foster market growth. Moreover, ample number of manufacturers present in counties like Germany, France, Russia, and the UK drive the regional growth. Rising consumers spending and purchasing power with the high expansion of multinational companies, especially in France and Italy are anticipated to leverage the industry development by 2028.

Self-Healing Material Market Competitive Landscape

The competitive landscape of the market comprises several global as well as regional players. Market-based companies are seen to concentrate on maintaining product distinction, leading to strong investments in R&D operations. To draw the buyers and succeed in the market, local manufacturers gradually embrace the latest technologies in their brands. To gain an advantage over their peers, manufacturers are seen concentrating on improving product quality and building up strong production and export networks. Some of the key players operating in the global market are Acciona S.A., AkzoNobel N.V., Arkema SA, BASF SE, Covestro AG, Du Pont, Evonik Industries, and others.

Top Players in the Global Self-Healing Material Market

Arkema SA
Autonomic Materials Inc.
Acciona S.A.
Covestro AG
AkzoNobel N.V.
BASF SE
Critical Materials S.A.
Fescon Oy
Huntsman Corporation
Evonik Industries AG
LG Chem Ltd.
Nissan Chemical Corporation
PPG Industries, Inc.
Royal DSM N.V.
Sensor Coating Systems Ltd.
Sika AG
Slips Technologies Inc.
Stahl Holdings B.V.
Suprapolix B.V.
The Dow Chemical Company

Self-Healing Material Market

FAQs

Self-Healing Material Market size was valued at USD 1.35 billion in 2019 and is poised to grow from USD 1.68 billion in 2023 to USD 12.37 billion by 2031, growing at a CAGR of 24.8% in the forecast period (2024-2031).

The competitive landscape of the market comprises several as well as regional players. Market-based companies are seen to concentrate on maintaining product distinction, leading to strong investments in R&D operations. To draw the buyers and succeed in the market, local manufacturers gradually embrace the latest technologies in their brands. To gain an advantage over their peers, manufacturers are seen concentrating on improving product quality and building up strong production and export networks. Some of the key players operating in the market are Acciona S.A., AkzoNobel N.V., Arkema SA, BASF SE, Covestro AG, Du Pont, Evonik Industries, and others. 'Arkema SA', 'Autonomic Materials Inc.', 'Acciona S.A.', 'Covestro AG', 'AkzoNobel N.V.', 'BASF SE', 'Critical Materials S.A.', 'Fescon Oy', 'Huntsman Corporation', 'Evonik Industries AG', 'LG Chem Ltd.', 'Nissan Chemical Corporation', 'PPG Industries, Inc.', 'Royal DSM N.V.', 'Sensor Coating Systems Ltd.', 'Sika AG', 'Slips Technologies Inc.', 'Stahl Holdings B.V.', 'Suprapolix B.V.', 'The Dow Chemical Company'

Concrete is a conventional material used for building and construction activities. It is widely used in constructing infrastructure like dams, ports, storage tank, roads, tunnels, subways, and others. It is strong and durable, it also has a high tendency to form cracks, allowing various unwanted aggressive chemicals and other materials to seep in. These cracks and the deposition of chemicals into cracks cause deterioration of the infrastructure and reduce the same durability. Active treatment technique are operated to treat such damage. Self-healing technique have the ability to repair the crack by self-healing mechanism allow rapid treatment. Due to shortcoming of such treatment some advance and innovative treatment method like self-healing and encapsulation of polymeric material are high in demand. Adoption of such technique boost market growth.

Wind power is one of the fastest growing composite application industries, with reinforcing fibers used in the manufacture of light rotor blades. The selection of appropriate materials, which can affect many parameters such as weight, load and fatigue behavior, physical properties, and so on, is a fundamental feature of wind blade design. Wind blades were previously made from materials such as bamboo, steel, and aluminum. The wind industry relies on bottom-line prices and how to do more while paying less in a cost-driven market. Composite components provide high strength at a low weight, allowing for more extended and powerful rotor blades to be produced at a lower cost for larger wind turbines.

Europe dominated the self-healing materials market and accounted for revenue share of 28.4% in 2021. Rising demand in the transportation industry is expected to boost the market. The increasing use of self-healing materials attributed to in comparable properties like durability, thermal stability, abrasion resistance, stiffness, strength and others shall foster market growth. Moreover, ample number of manufacturers present in counties like Germany, France, Russia, and the UK drive the regional growth. Rising consumers spending and purchasing power with the high expansion of multinational companies, especially in France and Italy are anticipated to leverage the industry development by 2028.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Self-Healing Material Market Competitive Landscape

Self-Healing Material Market Report Snapshots

Want to customize this report?

FAQs

Request Free Customization

Feedback From Our Clients

$5,300

Self-Healing Material Market Competitive Landscape

Self-Healing Material Market Report Snapshots

Want to customize this report?

FAQs

What is the market size of Self-Healing Material Market?

Who are the key vendors in the Self-Healing Material Market?

What is the key driver of Self-Healing Material Market?

What is the key market trend for Self-Healing Material Market?

Which region accounted for the largest share in Self-Healing Material Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300