Self-Healing Materials Market By Product (Concrete, Coatings, Polymers, Asphalt, Fiber-reinforced Composites, Ceramic, Metal), By Technology, By Application, By Region, And Segment Forecasts, 2014 - 2025Report

Self-Healing Materials Market By Product (Concrete, Coatings, Polymers, Asphalt, Fiber-reinforced Composites, Ceramic, Metal), By Technology, By Application, By Region, And Segment Forecasts, 2014 - 2025

Published: May 2017  |  135 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-829-9

Industry Insights

The global self-healing materials market size was valued at USD 120.4 million in 2016. Self-healing materials help in automatic repairing and restoring functionalities at microscopic levels without any human intervention. They are triggered by environmental stimulus including alterations in UV light, pH, or by mechanical damage such as a microcrack.

Self-healing materials are designed to repair damage at initiates at the micron scale, effectively impeding the propagation of the damage and extending the shelf-life of the material. Novel technologies such as hollow glass fibers, optical fibers, and microcapsules are utilized to manufacture specialty composites depending upon the intrinsic and extrinsic types. Therefore, self-repairing is a process that restores the deformed structure by compounds already present with it, analogous to biologically curing process in living organisms.

U.S. self-healing materials market revenue, by product, 2014 - 2025 (USD Million)

U.S. self-healing materials market

The U.S. self-healing materials market is stimulated by the presence of multinational companies that are engaged in continual R&D work to discover cutting edge technologies. Implementation of sophisticated expertise supports the expansion of product portfolio that helps to capture untapped markets by increasing customer’s base.

Microcapsules are present in self-healing materials that rupture when exposed to mechanical dent, causing healing agents to be released to the damaged site. These agents polymerize and mix fixing the damage and reconstruct structural & functional integrity. Microcapsules are made to be robust enough to survive the manufacturing process and consumption of the substances in its intended application.

Such materials support to reduce the frequency of the maintenance costs required to renovate the damage, which is anticipated to be a key factor driving the growth of the market in the near future. Self-healing mortar and cement can be utilized in building & construction industry boosting the demand over the forecast period.

Moreover, increasing global population and demand for housing units and infrastructure facilities has boosted substantial investments in commercial real estate that is expected to facilitate the global production of the self-healing materials. However, high cost associated with such innovative and advanced products is predicted to emerge as a key restraint to the overall market development.

Various start-up companies are escalating in emerging economies such as China and India, especially in tire and paints & coating industry. These players are involved in the development of newer applications and cheaper products coupled with the commercialization of unique customized self-healing composites. Key players include Bayer Material Science, Michelin, Dow Chemicals, Nissan, Akzo Nobel, Autonomic Materials, High Impact Technology, and others.

Product Insights

Self-healing materials and polymers have the potential to improve the functionality of wide-range of products along with extending their lifetime. Such products include concrete, coatings, ceramic, metals, asphalt, and others. These specialized materials aid to improve efficiency and performance by adopting advanced product design models.

Concrete dominated the product segment, accounting for over 21% of the overall self-healing materials market in 2016. Polymer composted is used in various engineering field due to their advantages including light-weight, excellent processability, and physical & chemical stability in any atmospheric conditions.

Similarly, self-compacting high performance concrete is utilized in the construction industry because of its various functional attributes such as high strength, minimum shrinkage and creep, durability, and cost-effective.

Demand for asphalt is expected to witness strong growth over the forecast period. Incorporating self-healing technology in the road construction and maintenance process has immense potential to develop the unique material engineered technology. Such technology helps in decreasing the unavoidable premature aging of asphalt pavements, and the amount of natural resources used to maintain road networks. Furthermore, it supports the reduction of CO2 emissions and increases road safety.

Technology Insights

Self-healing materials are categorized as reversible polymers, microencapsulation, shape-memory materials, and biological materials systems. Reversible polymers dominated the global market in 2016, due to its implementation in various industrial especially in the medical sector.

Stimulus-responsive microstructures are used in manufacturing sensors, micro-actuators, drug delivery systems, membranes, and other such advanced micro devices. Shape memory polymers are used to manufacture shape-memory assisted self-healing (SMASH) coatings. These surfaces aid in structurally healing damaged surface and restore corrosion resistance property.

However, the growth of microencapsulation technology is likely to gain momentum in the coming years, due to its ability to repair polymeric composites after being injured by mechanical and chemical progressions. Microspheres are present in the compounds that release their contents at an appropriate time by utilizing different release mechanism, depending on the end-use of encapsulated products.

Capsule-based technology is a new alternative to the conventional repairing techniques, and its functioning depends on its healing efficiency determination, the potential of the existing developed microencapsulated agents, and size of microcapsules.

Application Insights

Building & construction is the major application segments of the overall market and held the highest share consisting of 27.4% in 2016. The market for electronics & semiconductors is anticipated to witness a significant market growth by 2025.

Rising socio-economic necessity to build hi-tech infrastructure and buildings in emerging economies of Asia Pacific and Latin America is expected to augment the development of construction industry over the forecast period.

Global self-healing materials market revenue, by technology, 2016 (%)

Global self-healing materials market

Automotive & transportation is another industry that has witnessed a rise in demand for self-healing materials. Electronics conglomerate such as Samsung and Apple have encouraged the usage of self-healing materials in electronic devices including mobiles, laptops, and desktops.

Automotive OEMs uses an exterior coating applied to automobiles that trigger a curing mechanism when cut or scratched. This coating reduces the regular maintenance by healing the scratch mechanically. This is projected to present lucrative market opportunities by accelerating demand for advanced products in the coming years.

Regional Insights

Europe captured the largest chunk of the industry consisting of 31.9% market share in 2016. Rising consumers spending and purchasing power with the high expansion of multinational companies, especially in France and Italy are anticipated to leverage the industry development by 2025.

Asia Pacific is expected to capture highest market revenues in the near future, growing at the fastest growth rate of 29.0% CAGR by the end of 2025. Higher rates of industrialization, dense population and rising foreign direct investments in the automotive and electronic sectors are the major driving factors that support the robust regional growth.

Moreover, key players from developed economies including Europe and North America are increasing their manufacturing capacities and shifting their production units to emerging economies of Southeast Asia to capture large customer pool.

Medium-sized players are diversifying its product lines by adding new features as the older ones become outmoded to increase sales and profits. Favorable governmental trade policies coupled with improving GDP growth rates is likely to support growth and development by 2025.

Competitive Insights

Key industry participants include Bayer Material Science, High Impact Technology, Dow Chemicals, Michelin, Nissan, Huntsman, Akzo Nobel, MacDermid Autotype Ltd., Autonomic Materials, and Goodyear.

Major companies are focusing on optimum production and selling growth by adopting various competitive business strategies. They are involved in forming strategic alliance and signing partnerships with local and regional players to provide technological expertise for new product development.

Business development entails the realignment of its growth approaches in the product-market environment that involves integration, intensive expansion, international operation, and diversification. Self-healing material manufacturers are adopting intensification strategy to concentrate on their primary line of business to achieve their growth objective by growing their operation sizes.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 & 2015

Forecast period

2017 - 2025

Market representation

Revenue in USD Million & CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America & Middle East & Africa

Country scope

U.S., Canada, Mexico, UK, Germany, France, China, India, Japan, Brazil

Report coverage             

Revenue forecast, competitive landscape, growth factors and trends

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Segments covered in the report

This report forecasts revenue growth and provides an analysis on the latest trends in each of the sub-segments from 2014 to 2025. For the purpose of this report, Grand View Research has segmented the global self-healing materials market on the basis of product, technology, application, and region:

  • Product Outlook (Revenue USD Million; 2014 - 2025)

    • Concrete

    • Coatings

    • Polymers

    • Asphalt

    • Fiber-reinforced Composites

    • Ceramic

    • Metals

  • Technology Outlook (Revenue USD Million; 2014 - 2025)

    • Reversible Polymers

    • Microencapsulation

    • Shape Memory Materials

    •  Biological Material Systems

  • Application Outlook (Revenue USD Million; 2014 - 2025)

    • Energy generation

    • Building & Construction

    • Automotive & Transportation

    • Electronics & Semiconductors

    • Medical (Implants & devices)

  • Regional Outlook (Revenue; USD Million 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • France

      • UK

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

    • Middle East & Africa

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