Self-Healing Materials Market Research Report: By Form (Extrinsic, Intrinsic), Material (Concrete, Coatings, Polymers, Asphalt, Fiber-Reinforced Composites, Ceramics, Metals), Application (Building & Construction, Transportation, Mobile Devices, General Industrial) - Global Industry Analysis and Growth Forecast to 2030

Market Overview

The global self-healing materials market generated revenue around $1.1 billion in 2020, and it is projected to witness significant growth during the forecast period (2021–2030). The constant innovations in the advanced material domain aimed at self-healing, increasing adoption of these materials in the automotive, healthcare, and electronics industries, and their better long-term financial benefits compared to traditional materials are expected to boost the market growth.

During the COVID-19 pandemic, the self-healing materials market has been significantly affected, as many end-use industries have faced negative consequences. This can be attributed to the implementation of temporary lockdowns and other strict regulations by governments globally, in order to curb the spread of the virus. Due to this, many major end-use industries, including automotive and building & construction, were temporarily shut down, thus resulting in a significant negative impact on the demand for self-healing materials.

Faster Healing Property of Polymer Materials behind Their Largest Share

The polymer category held the largest share in the self-healing materials market in the past few years, and it is expected to grow by a considerable margin during the forecast period, based on material. This will mainly be due to the fact that polymers mimic biological healing and heal themselves without the need for any external intervention, when they suffer damage.

Increasing Usage of Self-Healing Materials in Building & Construction Projects Leads to the Category’s Domination

The building & construction category led the self-healing materials market in the historical period (2015–2020), based on application. This was primarily due to the increasing usage of such materials in non-residential construction. These materials have the capability to repair early-stage damage, which, if unchecked, could finally lead to material failure.

Growing Research and Development (R&D) Led to Europe’s Largest Market Share till 2020

Globally, Europe held the largest share in the self-healing materials market in the past few years. This can be attributed to the wide usage of self-repairing specialty polymers in France, the U.K., and Germany. Further, the growing research activities in this field, for the creation of better self-healing materials, will keep driving the market in the region.

R&D in Advanced Materials Domain Is Major Trend

In recent years, several innovations in self-healing materials have been witnessed in the advanced material domain. These technological advancements have led to faster healing and enhanced restoration of the functionalities in these materials. This would trigger a new era of infrastructure preservation and environmental management technologies. Thus, R&D in advanced materials has become a major trend in the market for self-healing materials.

Increasing Adoption of Self-Healing Materials in Automobile and Electronics Industries Is Driving Market

Self-healing materials help in increasing the lifespan of systems, as they repair the damages and further slow the increasing entropy. The most-significant applications of such materials are in the automotive, aerospace, building & construction, and oil & gas industries. The applications in the automotive industry include anti-scratch polyurethane coatings based on self-healing elastomers for automobile bodies. In the construction industry, self-healing asphalt is a major application. Oil-containing capsules are embedded in the bituminous binder to extend the life of asphalt roof covering. Thus, the expansion in these industries is leading to the growth of the market for self-healing materials.

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Market Players Involved in Product Launches to Gain Significant Position

Some of the major players in the market are Acciona S.A., Applied Thin Films Inc., AkzoNobel N.V., Autonomic Materials Inc., Arkema Group, BASF SE, Covestro AG, The Goodyear Tire & Rubber Company, NEI Corporation, and Huntsman International LLC.

In recent years, players in the global self-healing materials industry have been involved in product launches in order to attain a significant position. For instance:

• In March 2020, The Goodyear Tire & Rubber Company revealed its latest concept tire, known as reCharge. The tire is able to determine the extent of its own wear and repair defects using a liquid mixture of synthetic rubber reinforced with novel fibers. Moreover, the user needs to periodically insert capsules with this substance into the grooves on the tire hub.

Key Players in Self-Healing Materials Market Include:

Market Size Breakdown by Segments

The self-healing materials market report offers comprehensive market segmentation analysis along with market estimation for the period 2015-2030.

Based on Form

• Extrinsic
• Intrinsic

Based on Material

• Concrete
• Coatings
• Polymers
• Asphalt
• Fiber-Reinforced Composites
• Ceramics
• Metals

Based on Application

• Building & Construction 
• Transportation
• Mobile Devices
• General Industrial

Geographical Analysis

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
• Asia-Pacific (APAC)
  • Japan
  • China
  • India
  • Australia
  • South Korea
• Latin America (LATAM)
  • Brazil
  • Mexico
• Middle East and Africa (MEA)
  • Saudi Arabia
  • South Africa