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Self-healing Materials Market Trends

Report ID: GMI6713
Published Date: Sep 2023
Report Format: PDF

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Self-healing Materials Market Trends

Ongoing research is leading to the development of more sophisticated self-healing mechanisms, enhancing their efficiency and effectiveness. Researchers are exploring a wide range of materials, from polymers to metals, ceramics, and composites, to develop new self-healing options for diverse applications. Self-healing materials are finding applications in various industries beyond traditional sectors, including electronics, healthcare, textiles, and consumer goods.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for self-healing materials was USD 1.98 billion in 2023 and will reach USD 13.8 billion by 2032 due to increasing application in construction and civil engineering projects, to enhance the durability and longevity of infrastructure.

Self-healing materials industry from the polymers product segment reached USD 0.9 billion in 2022 and will incur significant growth from 2023-2032 on account of its widespread usage in coatings, composites, and flexible materials.

U.S. self-healing materials industry recorded USD 0.6 billion in 2022 and is expected to witness appreciable growth from 2023-2032 owing to the rising need for repairing and maintaining aging infrastructure in the region.

Acciona S.A., Akzo Nobel N.V., Applied Thin Films Inc., Autonomic Materials, Inc., Avecom N.V., Covestro AG, Critical Materials S.A., and Devan Chemicals NV are some of the major self-healing material companies worldwide.