Global Self-Healing Materials Market is expected to
reach USD 4.1 billion by 2025,
according to a new report by Grand View Research, Inc. Rising demand for
high-quality construction materials due to increased infrastructure projects
and urbanization is projected to steer the market growth in the near future.
Self-healing
materials are smart materials that have the ability to repair damages on their
own caused due to their mechanical friction and with the efflux of time. Post
injury, the molecules of these materials re-adjust to replicate the original
material. Initiation of cracks and other types of damages on the microscopic
level change the electrical, thermal and acoustical properties of material
leading to its complete failure. These materials correct these damages with or
without human intervention.
Concrete segment
dominated the market with revenue exceeding USD 25 million in 2016. It is
estimated to grow at a CAGR of 25.9% over the forecast period. Reversible
polymers accounted for 36.0% of global consumption in 2016. Self-healing
materials minimize the maintenance cost required for repairing damages, which
is expected to be a critical factor for market growth.
These specialty
products also extend the life span of the material as well as the base layer or
product on which they are applied. Microencapsulated or nanoencapsulated healing
agents are present in capsulated constituents, which are released upon rupture.
The growth of the market is expected to escalate due to unique properties of
the products yielding long-tern financial benefits as compared to conventional
composites.
Full Research Report on Global Self-healing Materials
Market Analysis:
http://www.grandviewresearch.com/industry-analysis/self-healing-materials-market
http://www.grandviewresearch.com/industry-analysis/self-healing-materials-market
Further key findings from the report suggest:
- Reversible polymers dominated the
technology segment and are anticipated to grow at an estimated CAGR of
26.4% from 2017 to 2025.
- Thermally polymers and hydrogels have
growing applications in automotive and medical especially in the
therapeutic and diagnostic sector, which is expected to accelerate the
market growth in the coming years.
- Electronics and semiconductors segment
is projected to witnessed fastest growth rate over the forecast period.
Manufacturers are involved in developing materials that can withstand
physical deformation and naturally repair themselves without any external
influence, such as flexible conductors, dielectrics and others.
- The U.S. market worth self-healing used
in building & construction application was USD 4.19 million in 2016.
Increased purchasing power and rise in demand for advanced construction
materials in Canada and Mexico have increased preference for the use of
self-healing composites.
- Europe witnessed the largest regional
market growth and is anticipated to grow at a CAGR of 23.4% from 2016 to
2025. The industry in Asia Pacific is projected to witness highest growth
rates during the forecast years.
- The global self-healing materials market
is consolidated with the top companies to account for maximum share in
2016. Major companies identified in this industry include Bayer Material
Science, High Impact Technology, Dow Chemicals, Michelin, Nissan,
Huntsman, Akzo Nobel, MacDermid Autotype Ltd., Autonomic Materials, and
Goodyear.
View more reports of this category by Grand View Research
at: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials
Grand View Research has segmented the Global Self-Healing
Materials Market on the basis of product, technology, application and region:
Product Outlook (Revenue, USD Million, 2014 - 2025)
- Concrete
- Coatings
- Polymers
- Asphalt
- Fiber-reinforced Composites
- Ceramic
- Metals
Technology Outlook (Revenue, USD Million, 2014 - 2025)
- Reversible Polymers
- Microencapsulation
- Shape Memory Materials
- Biological Material Systems
Application Outlook (Revenue, USD Million, 2014 - 2025)
- Energy generation
- Building & Construction
- Automotive & Transportation
- Electronics & Semiconductors
- Medical (Implants & devices)
Regional Outlook (Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Asia Pacific
- China
- Japan
- India
- Central & South America
- Brazil
- Middle East & Africa
Access Press Release of this research report by Grand
View Research: http://www.grandviewresearch.com/press-release/global-self-healing-materials-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com