NEW YORK, June 13, 2023 /PRNewswire/ -- The self-healing market size is expected to grow by USD 3,739.18 million during 2023-2027, progressing at a CAGR of 23.95% as per the latest Technavio market research report. APAC is going to have lucrative growth during the forecast period. APAC is estimated to account for 39% of the global market growth. This growth can be attributed to factors such as the flourishing construction industry, rapid urbanization, population expansion, and increasing per capita income in the region. China and Japan are important markets, with significant demand from the automotive, electronics, construction, and healthcare industries. Furthermore, there is an increasing demand for self-healing materials from various Southeast Asian countries for applications in the construction industry. All these factors are driving the growth of the regional market. For more insights on the market share of various regions- Download a sample report in MINUTES
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Self-Healing Materials Market: Long-term financial benefits provided by self-healing materials to drive growth
- The demand for self-healing materials is largely driven by the construction industry.
- These innovative self-healing materials are employed to safeguard building components against wear and damage.
- As a result, using self-healing materials offers long-term financial advantages to end-users, thereby driving the market's growth.
- Hence, such factors drive market growth during the forecast period.
Self-Healing Materials Market: Continuous Expansion of the Wind Energy Industry is one of the construction materials market trends
- The wind power industry is experiencing rapid growth and is using composite materials with reinforcing fibers to produce lightweight rotor blades.
- Furthermore, composite materials like fiber-reinforced plastics (FRP), which possess self-healing properties, are occasionally employed as reinforcing materials for wind turbine rotor blades.
- As a result, the use of self-healing composites in the production of wind turbine blades provides a strong barrier against unexpected failures because these materials can repair themselves when damaged.
- Hence, this trend is projected to fuel the growth of the self-healing materials market during the forecast period.
Self-Healing Materials Market:
- The growth of the market may be hindered by the presence of limited self-healing mechanisms within the materials.
- The material's ability to self-repair is hampered by its limited capacity to retain microcapsules and the irreversible nature of capsule rupture, both of which reduce its potential to self-repair.
- As a result, this factor is expected to present a challenge in the growth of the global self-healing materials market throughout the forecast period.
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Some of the key Self-Healing Materials Market Players:
The self-healing materials market is fragmented, and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Acciona SA, Adaptive Surface Technologies Inc., Applied Thin Films Inc., Arkema Group, Autonomic Materials Inc., Avecom NV, BASF SE, CEMEX SAB de CV, Costain Group Plc, Covestro AG, DuPont de Nemours Inc., Element Solutions Inc., Evonik Industries AG, Green Basilisk BV, Ilika PLC, NEI Corp., QinetiQ Ltd., SAS Nanotechnologies, Sensor Coating System Ltd., and Sika AG
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Self-Healing Materials Market: Segmentation Analysis
This market research report segments the self-healing materials market by by form factor (intrinsic and extrinsic), Technology (Reversible polymers, Microencapsulation, and Others) and Geography (APAC, North America, Europe, South America, and the Middle East and Africa).
- The intrinsic segment is expected to experience significant growth in market share during the forecast period. Intrinsically self-healing polymers can repair molecular and macroscopic damage by temporarily increasing the mobility of polymer chains in localized areas. Hence, the adoption of intrinsically self-healing polymers is significantly high and is expected to increase further during the forecast period.
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Self-Healing Materials Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 23.95% |
Market growth 2023-2027 |
USD 3,739.18 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
22.45 |
Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 39% |
Key countries |
US, China, Japan, South Korea, and Germany |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acciona SA, Adaptive Surface Technologies Inc., Applied Thin Films Inc., Arkema Group, Autonomic Materials Inc., Avecom NV, BASF SE, CEMEX SAB de CV, Costain Group Plc, Covestro AG, DuPont de Nemours Inc., Element Solutions Inc., Evonik Industries AG, Green Basilisk BV, Ilika PLC, NEI Corp., QinetiQ Ltd., SAS Nanotechnologies, Sensor Coating System Ltd., and Sika AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Form Factor
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global self healing materials market 2017 - 2021
- Exhibit 18: Historic Market Size – Data Table on global self healing materials market 2017 - 2021 ($ million)
- 4.2 Form Factor Segment Analysis 2017 - 2021
- Exhibit 19: Historic Market Size – Form Factor Segment 2017 - 2021 ($ million)
- 4.3 Technology Segment Analysis 2017 - 2021
- Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 - 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
- 4.5 Country Segment Analysis 2017 - 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition - Five forces 2022 and 2027
6 Market Segmentation by Form Factor
- 6.1 Market segments
- Exhibit 30: Chart on Form Factor - Market share 2022-2027 (%)
- Exhibit 31: Data Table on Form Factor - Market share 2022-2027 (%)
- 6.2 Comparison by Form Factor
- Exhibit 32: Chart on Comparison by Form Factor
- Exhibit 33: Data Table on Comparison by Form Factor
- 6.3 Intrinsic - Market size and forecast 2022-2027
- Exhibit 34: Chart on Intrinsic - Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Intrinsic - Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Intrinsic - Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Intrinsic - Year-over-year growth 2022-2027 (%)
- 6.4 Extrinsic - Market size and forecast 2022-2027
- Exhibit 38: Chart on Extrinsic - Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Extrinsic - Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Extrinsic - Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Extrinsic - Year-over-year growth 2022-2027 (%)
- 6.5 Market opportunity by Form Factor
- Exhibit 42: Market opportunity by Form Factor ($ million)
- Exhibit 43: Data Table on Market opportunity by Form Factor ($ million)
7 Market Segmentation by Technology
- 7.1 Market segments
- Exhibit 44: Chart on Technology - Market share 2022-2027 (%)
- Exhibit 45: Data Table on Technology - Market share 2022-2027 (%)
- 7.2 Comparison by Technology
- Exhibit 46: Chart on Comparison by Technology
- Exhibit 47: Data Table on Comparison by Technology
- 7.3 Reversible polymers - Market size and forecast 2022-2027
- Exhibit 48: Chart on Reversible polymers - Market size and forecast 2022-2027 ($ million)
- Exhibit 49: Data Table on Reversible polymers - Market size and forecast 2022-2027 ($ million)
- Exhibit 50: Chart on Reversible polymers - Year-over-year growth 2022-2027 (%)
- Exhibit 51: Data Table on Reversible polymers - Year-over-year growth 2022-2027 (%)
- 7.4 Microencapsulation - Market size and forecast 2022-2027
- Exhibit 52: Chart on Microencapsulation - Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Data Table on Microencapsulation - Market size and forecast 2022-2027 ($ million)
- Exhibit 54: Chart on Microencapsulation - Year-over-year growth 2022-2027 (%)
- Exhibit 55: Data Table on Microencapsulation - Year-over-year growth 2022-2027 (%)
- 7.5 Others - Market size and forecast 2022-2027
- Exhibit 56: Chart on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Data Table on Others - Market size and forecast 2022-2027 ($ million)
- Exhibit 58: Chart on Others - Year-over-year growth 2022-2027 (%)
- Exhibit 59: Data Table on Others - Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by Technology
- Exhibit 60: Market opportunity by Technology ($ million)
- Exhibit 61: Data Table on Market opportunity by Technology ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 63: Chart on Market share by geography 2022-2027 (%)
- Exhibit 64: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 65: Chart on Geographic comparison
- Exhibit 66: Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2022-2027
- Exhibit 67: Chart on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 68: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
- Exhibit 69: Chart on APAC - Year-over-year growth 2022-2027 (%)
- Exhibit 70: Data Table on APAC - Year-over-year growth 2022-2027 (%)
- 9.4 North America - Market size and forecast 2022-2027
- Exhibit 71: Chart on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 72: Data Table on North America - Market size and forecast 2022-2027 ($ million)
- Exhibit 73: Chart on North America - Year-over-year growth 2022-2027 (%)
- Exhibit 74: Data Table on North America - Year-over-year growth 2022-2027 (%)
- 9.5 Europe - Market size and forecast 2022-2027
- Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
- Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
- Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)
- 9.6 South America - Market size and forecast 2022-2027
- Exhibit 79: Chart on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 80: Data Table on South America - Market size and forecast 2022-2027 ($ million)
- Exhibit 81: Chart on South America - Year-over-year growth 2022-2027 (%)
- Exhibit 82: Data Table on South America - Year-over-year growth 2022-2027 (%)
- 9.7 Middle East and Africa - Market size and forecast 2022-2027
- Exhibit 83: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 84: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
- Exhibit 85: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- Exhibit 86: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
- 9.8 US - Market size and forecast 2022-2027
- Exhibit 87: Chart on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 88: Data Table on US - Market size and forecast 2022-2027 ($ million)
- Exhibit 89: Chart on US - Year-over-year growth 2022-2027 (%)
- Exhibit 90: Data Table on US - Year-over-year growth 2022-2027 (%)
- 9.9 China - Market size and forecast 2022-2027
- Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
- Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
- Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)
- 9.10 Germany - Market size and forecast 2022-2027
- Exhibit 95: Chart on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 96: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
- Exhibit 97: Chart on Germany - Year-over-year growth 2022-2027 (%)
- Exhibit 98: Data Table on Germany - Year-over-year growth 2022-2027 (%)
- 9.11 Japan - Market size and forecast 2022-2027
- Exhibit 99: Chart on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 100: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
- Exhibit 101: Chart on Japan - Year-over-year growth 2022-2027 (%)
- Exhibit 102: Data Table on Japan - Year-over-year growth 2022-2027 (%)
- 9.12 South Korea - Market size and forecast 2022-2027
- Exhibit 103: Chart on South Korea - Market size and forecast 2022-2027 ($ million)
- Exhibit 104: Data Table on South Korea - Market size and forecast 2022-2027 ($ million)
- Exhibit 105: Chart on South Korea - Year-over-year growth 2022-2027 (%)
- Exhibit 106: Data Table on South Korea - Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 107: Market opportunity by geography ($ million)
- Exhibit 108: Data Tables on Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 109: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 110: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 111: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 112: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 113: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 114: Matrix on vendor position and classification
- 12.3 Acciona SA
- Exhibit 115: Acciona SA - Overview
- Exhibit 116: Acciona SA - Business segments
- Exhibit 117: Acciona SA - Key news
- Exhibit 118: Acciona SA - Key offerings
- Exhibit 119: Acciona SA - Segment focus
- 12.4 Adaptive Surface Technologies Inc.
- Exhibit 120: Adaptive Surface Technologies Inc. - Overview
- Exhibit 121: Adaptive Surface Technologies Inc. - Product / Service
- Exhibit 122: Adaptive Surface Technologies Inc. - Key offerings
- 12.5 Applied Thin Films Inc.
- Exhibit 123: Applied Thin Films Inc. - Overview
- Exhibit 124: Applied Thin Films Inc. - Product / Service
- Exhibit 125: Applied Thin Films Inc. - Key offerings
- 12.6 Arkema Group
- Exhibit 126: Arkema Group - Overview
- Exhibit 127: Arkema Group - Business segments
- Exhibit 128: Arkema Group - Key news
- Exhibit 129: Arkema Group - Key offerings
- Exhibit 130: Arkema Group - Segment focus
- 12.7 Autonomic Materials Inc.
- Exhibit 131: Autonomic Materials Inc. - Overview
- Exhibit 132: Autonomic Materials Inc. - Product / Service
- Exhibit 133: Autonomic Materials Inc. - Key offerings
- 12.8 Avecom NV
- Exhibit 134: Avecom NV - Overview
- Exhibit 135: Avecom NV - Product / Service
- Exhibit 136: Avecom NV - Key offerings
- 12.9 BASF SE
- Exhibit 137: BASF SE - Overview
- Exhibit 138: BASF SE - Business segments
- Exhibit 139: BASF SE - Key news
- Exhibit 140: BASF SE - Key offerings
- Exhibit 141: BASF SE - Segment focus
- 12.10 CEMEX SAB de CV
- Exhibit 142: CEMEX SAB de CV - Overview
- Exhibit 143: CEMEX SAB de CV - Business segments
- Exhibit 144: CEMEX SAB de CV - Key news
- Exhibit 145: CEMEX SAB de CV - Key offerings
- Exhibit 146: CEMEX SAB de CV - Segment focus
- 12.11 Covestro AG
- Exhibit 147: Covestro AG - Overview
- Exhibit 148: Covestro AG - Business segments
- Exhibit 149: Covestro AG - Key news
- Exhibit 150: Covestro AG - Key offerings
- Exhibit 151: Covestro AG - Segment focus
- 12.12 DuPont de Nemours Inc.
- Exhibit 152: DuPont de Nemours Inc. - Overview
- Exhibit 153: DuPont de Nemours Inc. - Business segments
- Exhibit 154: DuPont de Nemours Inc. - Key news
- Exhibit 155: DuPont de Nemours Inc. - Key offerings
- Exhibit 156: DuPont de Nemours Inc. - Segment focus
- 12.13 Element Solutions Inc.
- Exhibit 157: Element Solutions Inc. - Overview
- Exhibit 158: Element Solutions Inc. - Business segments
- Exhibit 159: Element Solutions Inc. - Key offerings
- Exhibit 160: Element Solutions Inc. - Segment focus
- 12.14 Evonik Industries AG
- Exhibit 161: Evonik Industries AG - Overview
- Exhibit 162: Evonik Industries AG - Business segments
- Exhibit 163: Evonik Industries AG - Key news
- Exhibit 164: Evonik Industries AG - Key offerings
- Exhibit 165: Evonik Industries AG - Segment focus
- 12.15 Green Basilisk BV
- Exhibit 166: Green Basilisk BV - Overview
- Exhibit 167: Green Basilisk BV - Product / Service
- Exhibit 168: Green Basilisk BV - Key offerings
- 12.16 NEI Corp.
- Exhibit 169: NEI Corp. - Overview
- Exhibit 170: NEI Corp. - Product / Service
- Exhibit 171: NEI Corp. - Key offerings
- 12.17 Sensor Coating System Ltd.
- Exhibit 172: Sensor Coating System Ltd. - Overview
- Exhibit 173: Sensor Coating System Ltd. - Product / Service
- Exhibit 174: Sensor Coating System Ltd. - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 175: Inclusions checklist
- Exhibit 176: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 177: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 178: Research methodology
- Exhibit 179: Validation techniques employed for market sizing
- Exhibit 180: Information sources
- 13.5 List of abbreviations
- Exhibit 181: List of abbreviations
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SOURCE Technavio
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