Self-Healing Materials Market Size to Grow USD 644.2 Million by 2030 at a CAGR of 26.5% | Valuates Reports
BANGALORE, India, July 2, 2024 /PRNewswire/ -- Self-Healing Materials Market is Segmented by Type (Concrete, Coatings, Polymers, Asphalt, Fiber-reinforced Composite, Ceramic, Metals), by Application (Building & Construction, Transportation, Mobile Devices, General Industrial, Others): Global Opportunity Analysis and Industry Forecast, 2024-2030.
The global Self-Healing Materials market was valued at USD 121.1 million in 2023 and is anticipated to reach USD 644.2 million by 2030, witnessing a CAGR of 26.5% during the forecast period 2024-2030.
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Major Factors Driving the Growth of Self-Healing Materials Market:
Due to the growing need for long-lasting and environmentally friendly materials across a range of sectors, the market for self-healing materials is expanding significantly. This need is primarily being driven by the automotive, aerospace, and construction industries as self-healing materials improve product performance and lifetime while lowering maintenance costs. The creation of more effective self-healing mechanisms has been made possible by developments in nanotechnology and material science, which has fueled market growth even more. Furthermore, as self-healing materials reduce waste and resource consumption, their acceptance is being aided by growing environmental consciousness and the demand for eco-friendly solutions.
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TRENDS INFLUENCING THE GROWTH OF THE SELF-HEALING MATERIALS MARKET
The market for self-healing materials is expanding due to the usage of polymers in architecture and construction, which allow the creation of novel materials with the potential to self-heal and prolong the life and durability of buildings. Self-healing polymers are used in building materials including sealants, coatings, and concrete to handle common problems like corrosion and cracks. This lowers maintenance costs and increases safety. The need for sophisticated materials that can self-heal and lessen the need for regular repairs is driving the expansion of the self-healing materials market as the construction sector places an increasing emphasis on sustainability and lifespan.
Concrete's integration of cutting-edge technologies that allow it to self-heal cracks and micro-damages is propelling the market for self-healing materials. By addressing the long-standing problem of concrete degradation, this innovation lowers maintenance costs, increases structural longevity, and improves safety. Self-healing concrete is becoming more popular as a result of the construction industry's transition to robust and sustainable infrastructure. This can greatly reduce the need for regular repairs and replacements, which will in turn promote the market growth for self-healing materials.
The market for self-healing materials is expanding due to the transportation sector's need for cutting-edge technologies that can prolong the lifespan of infrastructure and vehicles. In the automobile, aerospace, and railway industries, self-healing materials—like coatings and composites—are utilized to automatically fix dents, scratches, and other damages, saving maintenance costs and enhancing safety. The market is expanding more quickly as self-healing materials that can sustain structural integrity and performance over time become more in demand as the transportation industry places a higher priority on efficiency and dependability.
The need for sustainable practices and increased environmental consciousness have supported the market for self-healing materials. These materials lessen waste and the need for resource-intensive repairs, which promotes sustainability. Self-healing materials reduce the overall environmental impact by prolonging the life cycle of goods and buildings. These materials are being more widely used by industries as part of their green initiatives, supporting international efforts to reduce environmental impact and advance circular economies. Technology that can cure itself is becoming more and more popular for good reason—it saves resources and reduces waste.
The market for self-healing materials is expanding at a substantial rate due to the growing need for robust and long-lasting goods in a variety of sectors. Materials that increase a product's lifespan and decrease the need for frequent repairs and replacements are sought after by both producers and consumers. This need is prevalent in a number of industries, such as electronics, construction, and the automobile, where maintenance may be expensive and inconvenient. By automatically fixing damage, self-healing materials provide a workable option that preserves appearance and usefulness for a longer amount of time.
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SELF-HEALING MATERIALS MARKET SHARE ANALYSIS
The Asia-Pacific market is anticipated to develop at a rapid pace due to rising automotive industry demand. Because of the slowing economies in North America and Europe, the demand for self-healing materials has increased less than in Asia-Pacific.
The three main markets for self-healing materials are those in Europe, North America, and Asia-Pacific. In 2017, the market for self-healing materials was dominated by Europe.
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Key Players:
- Acciona
- Akzo Nobel
- Applied Thin Films
- Arkema
- Autonomic Materials
- Avecom
- BASF AG
- Covestro AG
- Critical Materials
- Devan Chemicals
- DuPont
- Evonik
- Sensor Coating Systems
- Slips Technologies
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DISCOVER MORE INSIGHTS: EXPLORE SIMILAR REPORTS!
- Extrinsic Self-Healing Materials Market
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- The global Self Healing Network System market was valued at USD 785 million in 2023 and is anticipated to reach USD 6186.2 million by 2030, witnessing a CAGR of 34.2% during the forecast period 2024-2030.
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- The global Self-Healing Paint Protection Film market is projected to reach USD 429.4 million in 2029, increasing from USD 276.8 million in 2022, with the CAGR of 6.1% during the period of 2023 to 2029.
- The global Automotive TPU Self-Healing Paint Protection Films market is projected to reach USD 1144.6 million in 2029, increasing from USD 797.3 million in 2022, with the CAGR of 5.3% during the period of 2023 to 2029.
- The global Cationic Conditioning Polymers market is projected to reach USD 607.3 million by 2030 from an estimated USD 420.9 million in 2024, at a CAGR of 6.3% during 2024 and 2030.
- The global Solid Surface & Other Cast Polymers market is projected to reach USD 41290 million by 2030 from an estimated USD 28140 million in 2024, at a CAGR of 6.6% during 2024 and 2030.
- The global Polyimides and Imide Polymers market was valued at USD 8072 million in 2023 and is anticipated to reach USD 9496.7 million by 2030, witnessing a CAGR of 2.3% during the forecast period 2024-2030.
- Synthetic Biodegradable Polymer Market
- The global Polymer Stabilizers market was valued at USD 7834.2 million in 2023 and is anticipated to reach USD 10010 million by 2030, witnessing a CAGR of 3.5% during the forecast period 2024-2030.
- The global Inorganic Polymers market was valued at USD 26040 million in 2023 and is anticipated to reach USD 32880 million by 2030, witnessing a CAGR of 3.3% during the forecast period 2024-2030.
- The global market for Natural Polymers was estimated to be worth USD 4034.4 million in 2023 and is forecast to a readjusted size of USD 6844.2 million by 2030 with a CAGR of 7.4% during the forecast period 2024-2030
- The global Polymer Biocompatible Materials market was valued at USD 745 million in 2023 and is anticipated to reach USD 1123.2 million by 2030, witnessing a CAGR of 6.2% during the forecast period 2024-2030.
- The global Water-Soluble Polymers market was valued at USD 50170 million in 2023 and is anticipated to reach USD 73120 million by 2030, witnessing a CAGR of 5.4% during the forecast period 2024-2030.
- High Performance Polymers Market
- The high performance plastics market was valued at USD 23.6 billion in 2022, and is estimated to reach USD 58.0 billion by 2032, growing at a CAGR of 9.5% from 2023 to 2032.
- The global Natural Fiber Composites (NFCs) market was valued at USD 6354 million in 2023 and is anticipated to reach USD 11750 million by 2030, witnessing a CAGR of 9.0% during the forecast period 2024-2030.
- The global FRP Rebar market is projected to reach USD 1209.7 million by 2030 from an estimated USD 818.4 million in 2024, at a CAGR of 6.7% during 2024 and 2030.
- The global High-precision Ceramic Components market was valued at USD 9190 million in 2023 and is anticipated to reach USD 13140 million by 2030, witnessing a CAGR of 4.8% during the forecast period 2024-2030.
- The global Ceramic Granular Materials market was valued at USD 1235 million in 2023 and is anticipated to reach USD 1971 million by 2030, witnessing a CAGR of 7.1% during the forecast period 2024-2030.
- The global Ceramic Core market was valued at USD 171.4 million in 2023 and is anticipated to reach USD 226.3 million by 2030, witnessing a CAGR of 4.0% during the forecast period 2024-2030.
- Large Format Ceramic Panel Market
- Ceramics and Glass Testing Equipment Market
- The global Ceramic PCB market was valued at USD 1362 million in 2023 and is anticipated to reach USD 3793.1 million by 2030, witnessing a CAGR of 14.2% during the forecast period 2024-2030.
- The global Ceramic Ferrule market is projected to reach USD 680 million by 2030 from an estimated USD 383.9 million in 2024, at a CAGR of 10.0% during 2024 and 2030.
- The global Decorative Coatings market was valued at USD 46670 million in 2023 and is anticipated to reach USD 55350 million by 2030, witnessing a CAGR of 2.4% during the forecast period 2024-2030.
- The global Paints & Coatings market is projected to reach USD 277.8 million by 2030 from an estimated USD 213.3 million in 2024, at a CAGR of 4.5% during 2024 and 2030.
- Construction Paints and Coatings Market
- The global Industrial Coatings market was valued at USD 69 million in 2023 and is anticipated to reach USD 94 million by 2030, witnessing a CAGR of 4.0% during the forecast period 2024-2030.
- Chemical Resistant Coatings Market
- Protective Coatings for Construction Market
- The global Non-stick Coatings market was valued at USD 491.7 million in 2023 and is anticipated to reach USD 653.6 million by 2030, witnessing a CAGR of 4.1% during the forecast period 2024-2030.
- The global Antifouling Paints and Coatings market was valued at USD 1033 million in 2023 and is anticipated to reach USD 1206.9 million by 2030, witnessing a CAGR of 2.2% during the forecast period 2024-2030.
- Container Coatings and Paints Market
- High Solids Content Coating Market
- The global Packaging Inks and Coatings market was valued at USD 25470 million in 2023 and is anticipated to reach USD 34570 million by 2030, witnessing a CAGR of 4.4% during the forecast period 2024-2030.
- Multifunctional Smart Coatings and Surfaces Market
- The global Thermal Spray Coatings Materials market was valued at USD 65 million in 2023 and is anticipated to reach USD 88 million by 2030, witnessing a CAGR of 4.7% during the forecast period 2024-2030.
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