Self-Healing Materials Market

Self-Healing Materials Market – Global Industry
Insights, Trends, Outlook and Opportunity Analysis
2018-2026
Self-healing materials are synthetically manufactured products that can automatically
and autonomously heal or repair the damages without any external intervention or
human interference. Materials degrade over time due to stress, ecological
conditions, or the damage that occurs during the operation itself. Self-healing
materials are able to encounter this degradation by initiating a restoration
mechanism that responds to the micro-damage. The market growth for self-healing
materials is expected to grow due to their exceptional properties and advantages
such as hollow fibers can easily be mixed and tailored with the conventional
reinforcing fibers, higher volume of healing agent such as monomers, dyes, catalysts
and hardeners are available to repair damages. Owing to these factors the
self-healing materials market is expected to propel at a higher rate in the
construction, plastics and adhesives industry during the forecast period.
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The major drivers for the global self-healing materials market are the long term
warranties and the long-term monetary benefits provided by the use of self-healing
materials as compared to conventional materials. Companies such as Acciona S.A.,
AkzoNobel N.V., and others are providing self-healing materials across the globe.
For instance, in April, 2015, Acciona Infraestructuras were involved in two European
projects, SHINE Project (Self-Healing Innovative Elastomers) and the HEALCON
project where the company developed plastic materials that can heal themselves at
ambient temperature and various asphalt mixes that used self-repairing materials
were developed. The SHINE project was aimed for the development of new
self-healing elastomers with mechanical properties comparable to conventional ones
with 60% recovery of the initial properties after healing, repeatable self-healing,
operable at room temperature and without human intervention.
This project was completed in July, 2017 under which various companies such as
ACCIONA Infraestructuras S.A., DPI, ARKEMA, Teijin Aramid, and BIWI along with
others participated. The material developed is applied to products such as dynamic
seals, shock absorbers and anti-vibration systems used in machinery, vehicles,
bridges, railways and roads. These elastomers would help to increase of products
lifetime, decrease in maintenance costs and rehabilitation works and an
improvement in safety, by reducing traffic accidents, traffic jams and road
congestion. These factors are expected to drive the self-healing materials market
during the forecast period. However, the high production costs for self-healing
materials coupled with a lack of commercial production of - the materials, is a major
hindrance to the growth of the self-healing materials market.
Self-Healing Materials Market Outlook:
In North America, the U.S. is the largest market for self-healing materials. The
demand for self-healing materials in this region is due to the growing use of
self-healing materials in various end-user industries such as aerospace and
automotive. The presence of major players in North America such as Arkema Inc.
and others are projected to result in developments of self-healing materials,
supporting high growth in the market. For instance, Arkema Inc. collaborations with
university and government laboratories helped Arkema to develop self-healing
material products such as Reverlink in 2010. North America is the largest market for
cladding systems in burgeoning construction industry is also one of the driving
factors for the self-healing materials market to strive in the US market. Moreover, the
Trump government promises of change in public infrastructure and the New Building
Canada Fund commitment towards sanctioning of US$ 10 billion over a 10-year
period i.e. 2014-2024, to build public infrastructure. This factors are expected to
propel the growth of the self-healing materials market in North America.
The Asia-Pacific region is expected to be the fastest growing market for self-healing
materials. The ever increasing industrial development rates, condensed population in
cities, and escalating funds in the automobile and electrical sectors, are the driving
forces that augment vigorous regional growth of this market. The availability of a
bigger market combined with cheaper manufacturing costs is projected to experience
enhanced application of self-healing materials in this region. Asia Pacific is the
fastest growing market due to the flourishing growth of construction industries in the
emerging markets of India, China, Indonesia, and the ASEAN countries. The shift in
population from rural settlements to cities, has augmented this growth. According to
stats released by World Bank in 2016, 57% of China’s and 33% of India’s population
live in urban settlements. These factors drive the growth of the self-healing materials
market in this region.
The increasing advanced infrastructure and development in the Middle East is
projected to result in an increasing demand for self-healing materials in this region
during the forecast period. Joint ventures and consolidation of major industry players
with the regional manufacturers, is expected to boost the self-healing market
positively in this region. The growth of the construction market in various emerging
counties of Africa is expected to provide ample opportunities for growth of the
self-healing materials market in this region, during the forecast period
Scientists at the University of California have produced a self-healing material that is
expected to be utilized in smartphone screens by 2020, which is projected to be a
major breakthrough for the global self-healing materials market. The increasing use
of self-healing materials in day to day applications, could result in the production and
development of cheaper self-healing materials. Major self-healing material producers
include Acciona S.A., AkzoNobel N.V., Applied Thin Films, Inc., Arkema SA,
Autonomic Materials Inc., Avecom N.V., BASF SE, Covestro AG, Critical Materials
S.A., Devan Chemicals, E.I. Du Pont De Nemours and Company, Evonik Industries,
Sensor Coating Systems Ltd., and Slips Technologies, Inc.
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Self-Healing Materials Market, report categorizes global market by Form , by Materials , by End-Use Industry. Report includes, Global Industry Insights, Trends, Outlook and Opportunity Analysis 2018-2025

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