Self-healing Materials Market Size, Share & Trends Analysis Report By Product (Concrete, Coatings, Polymers, Asphalt, Fiber-reinforced Composites), By Technology, By Application, By Region, And Segment Forecasts, 2024 - 2030

Research Methodology

A three-pronged approach was followed for deducing the self-healing materials market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for self-healing materials market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of self-healing materials market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Self-Healing Materials Market Categorization:

The self-healing materials market was categorized into four segments, namely product (Concrete, Coatings, Polymers, Asphalt, Fiber-reinforced Composites, Ceramic, Metals), technology (Reversible Polymers, Microencapsulation, Shape Memory Materials, Biological Material Systems), application (Energy generation, Building & Construction, Automotive & Transportation, Electronics & Semiconductors, Medical), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The self-healing materials market was segmented into product, technology, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The self-healing materials market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into ten countries, namely, the U.S.; Canada; Mexico; the UK; Germany; France; China; India; Japan; Brazil.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Self-healing materials market companies & financials:

The self-healing materials market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• The Dow Chemical Company 9.1.1 COMPANY OVERVIEW The Dow Chemical Company was established in 1897 and is headquartered in Michigan, U.S. It is a multinational chemical corporation. The parent company of Dow Chemical Company is DowDuPont. Dow Chemical and DuPont merges together in August, 2017 and formed a parent company DowDuPont. The company manufactures chemicals, plastic & agricultural products and provides services across the consumer market. Its consumer base is spread over 180 countries and comprise of 32 subsidiaries. DowDuPont is in a process of reorganizing and realigning its business in 3 subgroups: Material sciences, agriculture and specialty products. Material Science segment will be aligned under Dow Holdings Inc., Agriculture will be aligned under Corteva, and specialty products business will be transferred to New DuPont. Product groups aligned under materials segment are coatings and performance monomers, consumer solutions, hydrocarbons and energy, industrial solutions, packaging and specialty plastics, polyurethanes and CAV, and corporate. Product groups under agriculture business are crop protection and seed. Product groups under Specialty Products Business includes electronics & imaging, industrial biosciences, nutrition & health, safety & construction, transportation & advanced polymers. Coating and performance monomer product group includes industrial coating products used in protective and maintenance industries, wood, metal packaging, thermal paper and leather.

• Covestro AG 9.2.1 COMPANY OVERVIEW Covestro AG was established in 2015 and is headquartered in Leverkusen, Germany. The company was formerly known as Bayer Material Science and changed its name in 2015. It is a manufacturer and supplier of high-tech polymer materials and application solutions. The company is engaged in the manufacturing of polyurethane foams and high-performance plastic polycarbonate. The company is also involved in the production of raw materials for coatings, adhesives, and sealants as well as specialty products including high-quality films. The company also manufacturers precursors such as chlorine and by-products like styrene. The company manages its business in three operational segments, namely, polyurethanes, polycarbonates, and coatings, adhesives, specialties. The polyurethane segment is primarily engaged in the development, production, and marketing of precursors for the manufacturing of polyurethane foams and thermoplastic polyurethanes including toluene di-isocyanate, diphenyl methane di-isocyanate and polyether polyols.

• High Impact Technology, LLC 9.3.1 COMPANY OVERVIEW High Impact Technology, LLC was established in 2003 and is headquartered in Oregon, U.S. The company is a manufacturer of protective gears. The company’s services include infrastructure and fuel cell protection systems. The infrastructure protection systems include armored concrete, armored louvers, fire cap, battle ready tank, battle guard and secondary containment. The fuel cell protection system includes battle jacket, fire cap and battle-ready tank. The company developed BattleJacket (FCCS) coating uses a swellable absorbent polymer as a self-healing material.

• Huntsman International LLC 9.4.1 COMPANY OVERVIEW Huntsman International LLC was established in 1970 and is headquartered in Texas, U.S. The company is a manufacturer and distributor of organic and inorganic chemicals globally. It offers the products through five business segments including advanced materials, textile effects, pigments and additives, polyurethanes and performance products. The distribution offices are located across the globe in Americas, Asia Pacific, Europe, Middle East and Africa with catering to consumer industries including aerospace & defense, coatings, wind, marine, electronics, constructions, oil & gas, automotive and others. The company operates in 4 business segments namely Performance Products, Polyurethanes, Textile Effects and Advanced Materials. Performance products consists of surfactants, EG, Olefins and technology licenses, Amines, maleic anhydride, LAB and other performance chemicals. Polyurethanes includes PO, polyols, TPU, aniline, PG, MDI and MTBE. Advanced Materials product portfolio consists of Basic liquid and solid epoxy resins; cross-linking, Matting and curing agents; specialty resin compounds; epoxy, polyurethane and acrylic-based formulations. Textile Effects includes Textile chemicals, dyes and digital inks.

• Michelin Group 9.5.1 COMPANY OVERVIEW Michelin Group was established in 1889, and is headquartered in Clermont-Ferrand, France. The company is engaged in manufacturing, development and distribution of tires across the world. The company currently manufactures tires in 61 facilities in 17 countries. It employs 117,400 personnel as of December 2018. The company is based on 3 reportable segments namely Automotive (SR1), Road Transportation (SR2), and Specialty Businesses (SR3). Automotive (SR1) comprises of following business lines Automotive B2C Global Brands, Automotive Original Equipment and Mobility Experiences and Automotive B2C Regional Brands. Road Transportation (SR2) includes businesses Long Distance Transportation, Services & Solutions and Urban Transportation. Specialty Businesses (SR3) comprises of Mining, OffHighway Transportation, High-Tech Materials and Two-Wheel, Aircraft.

• MacDermid Autotype Ltd. 9.6.1 COMPANY OVERVIEW MacDermid Autotype Ltd. was incorporated in 1869 and is headquartered in Wantage, UK. It is a global industrial manufacturer of blended liquids and coated films for the automotive, electronics and printing industry. It operates from its offices in (England) UK, (Chicago) USA, Singapore and (Shanghai) China. The company is producing high precision coated films. The company offers a wide range of product categories including hardcoated films, film insert molding, hardcoated protection films, pre-press, stabilized polyester films, screen printing emulsions, films & chemicals. The specific end use markets served by MacDermid include surface protection display films, electronic displays, film insert molding, screen printing and membrane touch switch. The company offer a variety of blended liquid solutions and specialist coatings used in printing, electronics and automotive industries worldwide. The company also provides technological solutions of precision coatings for various hi-tech and demanding applications.

• Akzo Nobel N.V. 9.7.1 COMPANY OVERVIEW Akzo Nobel N.V. was incorporated in 1994 and is headquartered in Netherlands, Europe. It is a global manufacturer of decorative paints, specialty chemicals, and performance coatings. Its product portfolio mainly includes decorative paints, lacquers, additives, demulsifies, and corrosion inhibitors. The company employs approximately 34500 personnel and is present in 150 countries as of December 2018. The company has presence in markets such as surfactants, polymer chemistry, pulp processing and chloralkali. The company’s self-healing materials segment offers its products under brands Morwet, Versa-TL, Levasil, etc. Specialty Chemical segment offers its products to buildings and infrastructure, transportation, consumer goods, and industrial customers. The company operates in 3 business segments namely Decorative paints, Performance coatings and others. Performance coatings are produced to protect cars, ships, yachts, aircrafts etc.

• Evonik Industries Corporation 9.8.1 COMPANY OVERVIEW Evonik Industries Corporation was established in 1847 and is headquartered in Essen, Germany. The company is a specialty chemical company for the business application in specialty additives, health & care, smart materials. The company has presence in more than 100 countries and employs 36,043 personnel as of December 2018. The company has 4 major reporting segments namely Nutrition & care, resource efficiency, performance materials and services. Nutrition and care segment consists of specialty chemicals for animal nutrition, consumer goods for daily needs, and healthcare products. Resource efficiency segment includes specialty additives and high performance materials for energy-efficient system and environmental friendly solutions. This segment serves industries such as coatings, adhesives, paints, construction and many others.

• BASF SE 9.9.1 COMPANY OVERVIEW BASF SE was established in 1865 and is headquartered in Ludwigshafen, Germany. It is engaged in manufacturing and distribution of chemicals for use in building & construction, pharmaceutical, and industrial applications. The company’s business segments include chemicals, agriculture, constructions, automotive & transportation, electrical & electronics, energy & resources, furniture & wood, home care, and nutrition. Other segments are inclusive of packaging & printing, paints & coatings, pharmaceuticals, personal care & hygiene, plastic & rubber, pulp & paper, leather, and footwear & textile.

• NEI Corporation 9.10.1 COMAPANY OVERVIEW NEI Corporation was established in 1997 and is headquartered in New Jersey, U.S. The company is a manufacturer and distributor of nanoscale materials for the industrial sector. It was previous known as Nanopowder Enterprises Inc. and changed its name in 2003. NEI Corporation owns a 10,000-square foot facility in Somerset, New Jersey. The company’s product categories include battery materials, heat transfer fluids, protective coatings, and sorbents for mercury removal. Services offed by NEI Corporation include materials R&D services, battery R&D and cell testing, electrospinning, and technology commercializing. It had developed a wide range of self-healing top coats, which are applicable in several substrates including polymers, wood and metals. NEI Corporation has partnered with small companies, National laboratory, large companies, defense laboratories and universities in U.S.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Self-Healing Materials Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Self-Healing Materials Market Report Assumptions:

• The report provides market value for the base year 2023 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.