self Healing Materials Market

Self-Healing Materials Market size reached USD 1.6 billion in 2022 and is estimated to reach USD 9.4 billion in 2030 and the market is estimated to grow at a CAGR of 24.5% from 2023-2030

Self-Healing Materials Market Overview

Self-healing materials are the materials that have the capability to recover, repair or heal the damages automatically without any external process. Self-healing materials are polymers, metals, ceramics, and their composites that can heal and restore the material to its original set of properties when damaged through thermal, mechanical, ballistic, or other means.

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Major Self-Healing Materials Market Drivers

The rise in the demand for self-healing materials with the increasing adoption in various industries like aerospace, construction, and others have favorably pushed the market’s growth. NASA uses self-healing materials for the development of new aircraft with self-healing materials like recovering functionality after degradation, failure, damage, etc., which has created a hype in the market and affected the market in a positive way. Furthermore, aerospace engineers increase the lifetime of aircraft part by using self-healing materials; this has propelled the growth of the market. In addition to this, self-healing materials have attracted the researchers’ interest, which has led to advancements in the materials. For instance, research on new intrinsic self‐healing cementitious materials with biomimetic features is at the forefront of material science, which provides a promising way to construct resilient and sustainable concrete infrastructures. All these factors are expected to drive growth in the coming years.

The self-healing materials market insight states that Europe is leading towards the commercialization of self-healing materials. For instance, European Government in 2018 has funded SHEMAT project, in which the focus was on four types of materials: ceramics, concrete, fiber-reinforced polymer composites, and polymers, which has helped in driving the demand for self-healing materials.

Restraint in the Self-Healing Materials Market

As per the self-healing materials market analysis, the high price tag associated with the self-healing materials as compared to the traditional conventional materials is a major factor that is likely to hamper the growth of the self-healing materials market.

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Form – Segment Analysis

Based on the form, intrinsic self-healing materials are expected to grow at a higher CAGR over the forecast period. This is due to the advantages offered by the intrinsic self-healing materials, such as reduces the cycling lifetime and eliminates the mechanical cracks.

End-Use Industry – Segment Analysis

Based on the end-use industry, the construction segment is expected to dominate the global self-healing materials market over the forecast period. Growth in the usage of the materials in the non-residential construction sector is expected to drive the market growth over the forecast period. Also, the rise in the growth of the application of such materials in the B&C sector is expected to surge the industry’s demand. The self-healing materials are exclusively used in the energy generation industry in ionic conductors, insulators, and electrical conductors, power generation, and oil & gas refineries. Moreover, electronics companies such as Samsung and Apple are using self-healing materials in mobiles, laptops, and desktops which are expected to drive their demand over the forecast period.

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Regional – Segment Analysis:

Based on the region, Europe is expected to dominate the global self-healing materials market over the forecast period. High use of self-repairing specialty polymers in several countries like France, UK, and Germany coupled with process innovation across the region are the major factors that are estimated to fuel the industry growth over the forecast period. According to European Union, Europe spends more than US$ 477 billion in the maintenance and repairing of the bridges alone, which has led the construction industry to adopt self-healing materials for building tunnels, bridges, and buildings.

Top Market Players

Various notable players operating in the market include ACCIONA, Akzo Nobel N.V., Applied Thin Films Inc., Arkema, Autonomic Materials, Inc., Avecom, BASF SE, Covestro AG, Critical Materials S.A., and Devan, among others.

Segments covered in the Report:

The global self-healing materials market has been segmented based on type, form, end-use industry, and regions. Based on type, the market is segmented into embedded healing agents, microvascular materials, shape-memory materials, and reversible polymers. Based on form, the market is segmented into extrinsic and intrinsic. Based on end-use industry, the market is segmented into healthcare, automotive, electrical and electronics, construction, aerospace, and others. 

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Report Coverage	Details
Market Revenues (2022)	USD 9.4 billion
Market Base Year	2022
Market Forecast Period	2023-2030
Base Year & Forecast Units	Revenues (USD billion)
Market Segment	By Type, By Form, By End-Use Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	ACCIONA, Akzo Nobel N.V., applied thin films inc., Arkema, Autonomic Materials, Inc., Avecom, BASF SE, Covestro AG, Critical Materials S.A., Devan, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Self-Healing Materials Market by Type

• • Embedded Healing Agents
  • Microvascular Materials
  • Shape-Memory Materials
  • Reversible Polymers

Global Self-Healing Materials Market by Form

• • Extrinsic
  • Intrinsic

Global Self-Healing Materials Market by End-Use Industry

• • Healthcare
  • Automotive
  • Electrical and Electronics
  • Construction
  • Aerospace
  • Others

Global Self-Healing Materials Market by Region

• • North America Self-Healing Materials Market (Option 1: As a part of the free 25% customization)

    • By Type
    • By Form
    • By End-Use Industry
    • US Market All-Up
    • Canada Market All-Up

  • Europe Self-Healing Materials Market (Option 2: As a part of the free 25% customization)

    • By Type
    • By Form
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Self-Healing Materials Market (Option 3: As a part of the free 25% customization)

    • By Type
    • By Form
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Self-Healing Materials Market (Option 4: As a part of the free 25% customization)

    • By Type
    • By Form
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Self-Healing Materials (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ACCIONA
  • Akzo Nobel N.V.
  • Applied Thin Films Inc.
  • Arkema
  • Autonomic Materials, Inc.
  • Avecom
  • BASF SE
  • Covestro AG
  • Critical Materials S.A
  • Devan