Canada Self-healing Materials Market Size & Outlook
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Canada self-healing materials market highlights
- The Canada self-healing materials market generated a revenue of USD 160.7 million in 2024 and is expected to reach USD 734.0 million by 2033.
- The Canada market is expected to grow at a CAGR of 17.8% from 2025 to 2033.
- In terms of segment, coatings was the largest revenue generating product in 2024.
- Concrete is the most lucrative product segment registering the fastest growth during the forecast period.
Self-healing materials market data book summary
| Market revenue in 2024 | USD 160.7 million |
| Market revenue in 2033 | USD 734.0 million |
| Growth rate | 17.8% (CAGR from 2025 to 2033) |
| Largest segment | Coatings |
| Fastest growing segment | Concrete |
| Historical data | 2021 - 2023 |
| Base year | 2024 |
| Forecast period | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Polymers, Coatings, Concrete, Fiber-reinforced Composites, Asphalt, Ceramic, Metals |
| Key market players worldwide | Dow Inc, Covestro AG, Huntsman Corp, Michelin, Akzo Nobel NV, Evonik Industries AG, Basf SE, NEI Corporation, High Impact Technology, MacDermid Autotype |
Other key industry trends
- In terms of revenue, Canada accounted for 6.5% of the global self-healing materials market in 2024.
- Country-wise, China is expected to lead the global market in terms of revenue in 2033.
- In North America, U.S. self-healing materials market is projected to lead the regional market in terms of revenue in 2033.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 1,907.1 million by 2033.
Coatings was the largest segment with a revenue share of 31.11% in 2024. Horizon Databook has segmented the Canada self-healing materials market based on polymers, coatings, concrete, fiber-reinforced composites, asphalt, ceramic, metals covering the revenue growth of each sub-segment from 2021 to 2033.
According to Business Development Bank of Canada, the country witnessed a solid economic growth of 3.1% in 2017 due to effective weathering of oil price shock in the last couple years.
In addition, the economy has witness a rise of 8.7% year on year growth, coupled with improvement in business investments which is a critical element for continued growth.
Furthermore, signing of U.S.-Canada Mexico Agreement has spared the economy from future auto tariffs exemptions. This is expected to drive the growth of automotive production in the country, which in turn is expected to positively impact the demand of self-healing materials for automotive applications.
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Self-healing Materials Market Scope
Self-healing Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| MacDermid Autotype | View profile | 251-500 | Wantage, Oxfordshire, United Kingdom, Europe | http://autotype.macdermid.com |
| High Impact Technology | View profile | 11-50 | Salem, Oregon, United States, North America | https://hit-usa.com |
| Michelin | View profile | 125000 | 23, Place des Carmes, Dechaux, Puy-de-Dome, Clermont-Ferrand, France, 63000 | https://www.michelin.com |
| Akzo Nobel NV | View profile | 35500 | Christian Neefestraat 2, Amsterdam, NH, Netherlands, 1077 WW | https://www.akzonobel.com |
| NEI Corporation | View profile | 11-50 | Somerset, New Jersey, United States, North America | https://www.neicorporation.com/ |
| Covestro AG | View profile | 17520 | Kaiser-Wilhelm-Allee 60, Leverkusen, NW, Germany, 51373 | https://www.covestro.com/en |
| Huntsman Corp | View profile | 6000 | 10003 Woodloch Forest Drive, The Woodlands, TX, United States, 77380 | https://www.huntsman.com |
| Dow Inc | View profile | 35900 | 2211 H.H. Dow Way, Midland, MI, United States, 48674 | https://www.dow.com |
| Evonik Industries AG | View profile | 33409 | Rellinghauser Strasse 1-11, Essen, NW, Germany, 45128 | https://www.evonik.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Canada self-healing materials market size, by product, 2021-2033 (US$M)
Canada Self-healing Materials Market Outlook Share, 2024 & 2033 (US$M)
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