The "Self-Healing Materials Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Form (Extrinsic and Intrinsic), By Material Type (Concrete, Coatings, Polymers, Others), By End Use, By Region and Competition" report has been added to ResearchAndMarkets.com's offering.
Self-Healing Materials market is anticipated to grow significantly through 2028 due to increased usage in healthcare sector
Self-healing treatments can quickly fix fractures since the self-healing mechanism enables quick mending. Due to the inadequacies of the current therapies, novel, and alternative therapeutic techniques, including polymeric material encapsulation and self-healing, are in great demand. Over the projection period, adopting such cutting-edge technologies will drive market expansion.
Most key players in electronics & semiconductors, like Samsung, Apple have started using self-healing materials in different products like mobile, laptop, desktop, and high-speed cameras. Since the demand for laptops, smartphones and innovation in their design are expected to increase the consumption rate of self-healing materials, the market will probably increase significantly over the next several years.
Moreover, demand from the automobile and power industry will likely provide market growth opportunities during the forecast period.
Rising Demand From the Construction Industry
For building and construction projects, concrete is a common material. It is frequently used to build dams, ports, storage tanks, highways, tunnels, and subways. Despite being robust and long-lasting, it is prone to cracking, which lets numerous unwelcome hostile chemicals and other things seep in.
The infrastructure deteriorates and becomes less durable because of these fissures and the chemical deposits in them. Due to the product's durability and versatility in infrastructure, the building sector would benefit. Additionally, the growing use of CMCs, composites, and polymer-based materials in construction will drive the market in the forecast period.
Research & Development is a Major Trend in the Advanced Materials sector
The field of advanced materials has seen several advancements in self-healing materials recently. These technical developments have accelerated healing and improved the functional restoration of these materials. This would usher in a new era of technology for managing the environment and preserving infrastructure.
In July 2021, Using robotic intervention and self-sensing and self-healing materials, the Engineering and Physical Sciences Research Council, a division of UK Research and Innovation, announced a partnership and a planned investment of USD 22.5 million in the design of sustainable road maintenance projects. Therefore, a key development in the market for self-healing materials is R&D in advanced materials.
Polymer Will Continue to Be a Key Material Type
The growth will be fueled by rising demand brought on by the increased use of polymers like polyurethane, cross-linked polymers, vitrimers, and multifunctional polymers because of their exceptional thermal stability, durability, resistance to abrasion, resistance to thermodynamic instability, and abrasion resistance. Shape-memory polymers are used to create Shape-memory Assisted Self-healing (SMASH) coatings.
These surfaces help repair structurally damaged surfaces and restore corrosion resistance, boosting the future trends of self-healing materials. In addition, self-healing materials are frequently utilized in airplanes, jet engines, and other aerospace applications due to their great heat resistance. The lifespan of the components may be extended by their capacity to repair any damage that could have happened while in flight.
The aircraft industry also uses self-healing conductive materials. For instance, the National Aeronautics and Space Administration's (NASA) 2017 wiring systems for space shuttles were built using a revolutionary low-melting polyimide film matrix. The worldwide self-healing materials market is therefore expected to grow throughout the course of the forecast period.
Competitive Landscape
Company Profiles: Detailed analysis of the major companies in the global self-healing materials market.
- Acciona S.A.
- BASF SE
- High Impact Technology, LLC
- Apple inc.
- Applied Thin Films, Inc.
- Autonomic Materials Inc.
- Covestro AG
- Sensor Coating System Limited
- E.I. Du Pont De Nemours and Company
- Evonik Industries AG
Report Scope:
Self-Healing Materials Market, By Form:
- Extrinsic
- Intrinsic
Self-Healing Materials Market, By Material Type:
- Concrete
- Coatings
- Polymers
- Others
Self-Healing Materials Market, By End Use:
- Building & Construction
- Transportation
- Mobile Devices
- Others
Self-Healing Materials Market, By Region:
- North America
- United States
- Mexico
- Canada
- Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
- Russia
- Asia-Pacific
- China
- India
- South Korea
- Japan
- Australia
- Malaysia
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
For more information about this report visit https://www.researchandmarkets.com/r/7gywfu-healing?w=4.
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