The self-healing materials market is expected to witness market growth at a rate of 68.3% in the forecast period of 2021 to 2028. Data Bridge Market Research report on self-healing materials market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rising applications of the material are escalating the growth of self-healing materials market.
Self-healing materials refer to artificial or synthetically-created materials or products possessing the built-in capability to automatically and autonomously heal damage to themselves requiring no or human supervision. These materials are extensively utilized in concrete and coatings applications.
The rise in demand advanced self-repairing polymers from end-use industries and the introduction of self-healing microcapsules containing rejuvenator declining in crack formation in asphalt formulations accelerate the self-healing materials market growth. The increase in adoption of self-healing materials owning to their ability of materials to repair damages caused due to mechanical friction and shift from traditional materials towards the advanced materials because of the long-term benefits further influence the self-healing materials market. Additionally, government policy shifts focus toward legislations, research and development activities and expansion of end user industries, knowledge transfer and closer collaboration at early stage development, rapid industrialization and surge in investment positively affect the self-healing materials market. Furthermore, wide application base where reliability and durability are essential extends profitable opportunities to the self-healing materials market players in the forecast period of 2021 to 2028.
On the other hand, high cost associated with the materials compared to conventional materials and issues with the scaling up from pilot scale to industrial scale production are the factors expected to obstruct the self-healing materials market growth. Securing profitability and competitiveness are projected to challenge the self-healing materials market in the forecast period of 2021-2028.
The major players covered in the self-healing materials market report are BASF SE, Dow, ACCIONA, Akzo Nobel N.V., applied thin films inc., Arkema, Autonomic Materials, Inc., Avecom, Stratosphere S.A., DEVAN, DuPont, Evonik Industries, Sensor Coating System Limited, Adaptive Surface Technologies, High Impact Technology, LLC, Huntsman International LLC, MICHELIN, MacDermid Autotype Ltd., NEI Corporation among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately.
Stratosphere S.A. develops simulation technology for the analysis and design of Self-healing materials. Check for more information about the Self Healing Materials Market on Data Bridge Market Research.
Stratosphere S.A. is a global provider of multi physics advanced simulation technology.