Self Healing Materials Market Analysis, Future Trends & Forecast 2017-2024

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Self-Healing Materials Market Size, Share,
Industry Outlook Forecast 2017-2024
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Global Market Scenario of Self Healing Materials
Industry

• Global Self-Healing Materials Market size is
  witnessing an increasing demand in construction,
  automobiles and electronics industries. The
  market is likely to grow with a moderate CAGR in
  the period of 2017-2024..
• Material aging and deterioration are the major
  challenges faced by the global construction
  industry. Self-healing plastics have a huge scope
  in the aerospace and aviation industries. These
  are the key factors for growth of self-healing
  materials demand in the near future, as they pose
  as a remedy to save the maintenance and
  replacement costs to a great extent in long run.
• The global construction industry is witnessing
  growing application of self-healing concretes,
  composites and polymers which can repair cracks,
  punctures or other damages done to the surface
  when exposed to air, heat or water.

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Continue

• In case of the aircraft, small damages in the
  assembly that are unseen by the human eye can
  cause destruction to the plane. The aviation
  industry has a vast demand for self-healing
  polymers-which would also reduce the maintenance
  schedule.
• Self-healing electronic components are also in a
  RD stage. Penn State University researchers have
  developed materials that can restore all its
  properties even after breaking them in half and
  can be used as dielectrics in wearable.
• The market is thus likely to see an exponential
  growth in the market size, both in terms of
  revenue and volume.
• The aviation industry has a vast demand for
  self-healing polymers-which would also reduce the
  maintenance schedule. Automobile sector is also
  beginning to shift its focus towards self-healing
  materials and is expected to drive the market
  from 2016 to 2024.

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Research Methodology
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Regional Insights

• Self-healing materials market is categorized
  into self-healing coatings, polymers
  elastomers, biomaterials, metals,
  fiber-reinforced composites, asphalt etc., on the
  basis of product types.
• The regional construction, electronics, and
  automotive industries are expected to drive the
  market. Thriving construction industry in China
  and other developing countries will make Asia
  Pacific region exhibit good growth aspects for
  the market.
• However, the self-healing materials market
  growth is forecast to take up pace only over the
  coming years. At present, most of these materials
  are either in the idea generation level or the
  laboratory implementation level.

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Competitive Insights

• Significant players in the self-healing
  materials market include Apple, Bayer, Acciona,
  Critical Materials, Alstom, CEINNMAT, Volkswagen,
  Autonomic Materials, Flame Spray Technology Duco,
  PPG, Devan, BASF, Evonik, Ford, SLIPS
  technologies, Encore, ATFI, Fescon, LG, General
  Motors, GKN Aerospace, NEI, Avecom, Nissan, and
  Sensor Coatings Systems.

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