Self-Healing Polymer Market Research Report - Forecast to 2030

Self-Healing Polymer Market Information- by Form (Capsule Based, Vascular, and Intrinsic), by End Use Industry (Paints & Coatings, Building & Construction, Electrical & Electronics, Aerospace, Healthcare and Others) and by Region- Forecast till 2030

ID: MRFR/CnM/2791-HCR | February 2021 | Region: Global | 133 pages

Self-Healing Polymer Market

Self-Healing Polymer Market is projected to be worth USD 62.70 Billion by 2028, registering a CAGR of 62.2% during the forecast period (2021 - 2028).

Segmentation

Form Capsule Based Vascular Intrinsic
End User Industry Paints & Coatings Building & Construction Electrical & Electronics Aerospace Healthcare

Key Players

  • Acciona S.A. (Spain)
  • Slips Technologies Inc. (U.S.)
  • AkzoNobel N.V. (Netherlands)
  • Sensor Coating Systems Ltd. (U.K.)
  • Devan Chemicals (Portugal)
  • Evonik Industries (Germany)
  • Applied Thin Films Inc. (U.S.)
  • Critical Materials S.A. (Portugal)
  • Covestro AG (Germany)

Drivers

  • There is an increasing rate of road constructions
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Self-Healing Polymer Market Overview 


Self-Healing Polymer Market is expected to grow at 6.90% CAGR from 2020 to 2030. 


Self-Healing Polymers are a part of the self-healing materials market, which is expected to grow at the maximum quantum during the forecast period. These materials can be recognized as artificial or synthetically created products and materials. These materials have the capability to build in and heal the damage automatically and autonomously. There is no need for human supervision under such tasks that have been undertaken by the materials and products. The self-healing polymers have been recognized for their utilization in coatings and concrete applications. The rising use of material applications belonging to the market is responsible for a major escalation of the Self-Healing Polymer Market Size during the global forecast period. 


COVID 19 Analysis 


The Self-Healing Polymer Market Size has been subject to the havoc created by the COVID 19 pandemic. The pandemic has brought along new kinds of functional and operational struggles which the market players were not well versed with. Hence, a lot of time has been wasted adjusting to the new norms. The lockdown and functional restrictions have further impacted the working and availability of skilled workforce, raw material, and resources that have further impacted the functions of the market players and their ability to maintain a supply chain mechanism. 


However, to help the market operations and players revive the Self-Healing Polymer Market growth, trends, and demand, the government and public sector are playing a vital role. They are increasing their investment in the research and development sector. This will solve the issue of the availability of funds and hence, help the market players enhance their operations to meet the demand. The market players are focusing on the large-scale development of products and services and launching them in the international market to cover the needs of a larger audience during the ongoing forecast period.  


Market Dynamics


Drivers 


There is an increasing rate of road constructions which are majorly dependent on the market and its products. This is one of the major factors that will help the market towards its global growth as per the predictions. Especially in developing countries, the demand is on the rise and hence, the market is expected to grow as per the forecast by the Self-Healing Polymer Market experts and leaders. The end-use industries are enhancing their demand for advanced self-healing polymers. This fact is backed by the wide introduction of self-healing microcapsules that contain a rejuvenator that helps in declining the crack formation. 


Restraints 


One of the major issues that might restrain the global growth of the Self-Healing Polymer Market is that their availability in the market comes with a higher price. This leads for them to be more expensive in comparison to the traditional materials and hence, might decline the projected growth during the forecast period. Further, securing a competitive degree in the market and profitability will impact the growth goals of the market for the upcoming years, during the forecast period.


Technology Analysis 


There is an increase in the adoption of self-healing polymers and products as they possess the ability to repair the damage that is a result of mechanical friction. Also, the shift from traditional materials towards supporting a wide use of the advanced materials owing to the long-term benefits offered is likely to help the Self-Healing Polymer Market during the forecast period. The rising support from the government sector through their policies related to legislations, and research and development activities will expand the market, its industries, and operations during the forecast period. Further, rising knowledge is expected to present profitable opportunities which have a range of positive attributes in store for the market. 


Study Objectives               



  •  To project the quantum of growth and the final market valuation based on the market dynamics and impact of the pandemic on the operations during the forecast period.

  • Understanding the revenue potential of the market through its functioning in the global regions will help the market operations to expand and reach the predicted figures by the market leaders and experts for the forecast period of 2021-2028.

  • To help the market investors take quantitative decisions and thus, draw a competitive graph amongst the market players. The report further extends its support by discussing the recent developments undertaken by the market players in this period. 


The Self-Healing Polymer Market Share, by End Use Industry (2016) (%):Self-Healing Polymer MarketSegment Overview         


The Self-Healing Polymer Market Value is expected to grow owing to the splendid performance of the market segments and cater to the needs of the target audience during the forecast period. The market has been segmented based on the following: 


Based on Form  


The form segment of the Self-Healing Polymer Market has further been segmented into intrinsic and extrinsic forms. The extrinsic segment has further been divided into vascular forms and capsule-based forms. 


Based on Material Type 


The Self-Healing Polymer Market Segment based on material type includes coatings, polymers, asphalt, composite, ceramic, metals, and others. The Self-Healing Polymer Market is a prominent part of the Self-Healing Materials Market and hence, is projected to undergo maximum growth as per the predictions. 


Based on the End-Use Industry 


The industry segment of the Self-Healing Polymer Market includes demand from a huge range of industries like building and construction, general industries, mobile devices, the transportation sector, and others. The transportation segment further includes the aerospace and automotive industry. 


The Self-Healing Polymer Market is also having other segments like sports and medical devices.   


Regional Analysis 


The Self-Healing Polymer Market Trends have been functional and rather more active in the North American market like the US, Canada, and Mexico, alongside the other regions like the APAC region, Europe, and the rest of the world (RoW). 


The European nations are witnessing a surge in demand as there is a high use of the self-repairing specialty polymers backed with advanced research and development activities that will help the market grow. Also, the expansion of automobile production alongside the innovation processes has positive attributes for the market during the forecast period. The market expansion is a result of the widening of the construction industry along with the availability of rapid urbanization and population growth will help the European market dominate the operations for the forecast period.


Competitive Landscape  


The Self-Healing Polymer Market Forecast is based on the propelling market trends and the rising degree of competition prevailing amongst the global market players. The report helps the investors identify the market competitors and make investments based on their potential to help the market grow during the forecast period that ends in 2028. The market players are as follows: 



  • Acciona S.A. (Spain)

  • Slips Technologies, Inc. (U.S.)

  • AkzoNobel N.V. (Netherlands)

  • Sensor Coating Systems Ltd. (U.K.)

  • Devan Chemicals (Portugal)

  • Evonik Industries (Germany)

  • Applied Thin Films, Inc. (U.S.)

  • I. Du Pont De Nemours and Company (U.S.)

  • Critical Materials S.A. (Portugal)

  • Covestro AG (Germany)

  • Arkema SA (France)

  • BASF SE (Germany)

  • Autonomic Materials Inc. (U.S.)

  • Avecom N.V. (Belgium)


Recent Developments 



  • Evonik Industries is one of the prominent market players that moved forward with acquiring the Specialty and Coating Additives business of Air Products (US). This will help in strengthening its dominant position in the international market in the high margin specialty, and coating adhesives. 

  • BASF SE also moved forward and obtained a patent regarding the method of self-healing cured coatings.

  • BASF SE further acquired another market player - Chemetall GmbH. This company has been recognized as a wide producer of specialty chemicals alongside surface treatment products.

  • The prominent market players belonging to the APAC region are expecting good growth during the period as the players are investing in the construction verticals that are providing a boost to both the global market functions. 

  • October 2021- OH Research Group’s two Concordia researchers in the Faculty of Arts and Science are analyzing ways to “self-heal” cellphones, and the research might also have wider implications. The researcher working on the study explains that maintaining a balance between self-healing and mechanical properties is crucial in such types of projects. The research is being published in the ACS Nano and is named “Self-Healable Reprocessable Triboelectric Nanogenerators Fabricated with Vitrimeric Poly(hindered Urea) Networks.” He further said that the study stands out from analogous work on the topic as it mainly targets temperature. The researchers said that the main target of the research is to maintain the strength of the network throughout the process, even while adding vigorous capacity to self-heal scratches and damages. They also added that they aim to achieve full healing of scratches at room temperature. The characteristic makes their research unusual.


Intended Audience 



  • Research department

  • Development initiatives

  • Government and public sector

  • Self-healing polymer traders and manufacturers

  • Potential market investors 


Report Overview 


The Self-Healing Polymer Market Outlook presents the growth forecast for the market operations. The report discusses several responsible factors that might impact market operations. The report also helps in studying the potential of the market segments in various regions and the rising competition amongst the market players functional in these global regions.



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant value
  CAGR   6.90%
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Form, End-Use Industry and Region
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Acciona S.A. (Spain), Slips Technologies, Inc. (U.S.), AkzoNobel N.V. (Netherlands), Sensor Coating Systems Ltd. (U.K.), Devan Chemicals (Portugal), Evonik Industries (Germany), Applied Thin Films, Inc. (U.S.), I. Du Pont De Nemours and Company (U.S.),Critical Materials S.A. (Portugal), Covestro AG (Germany), Arkema SA (France), BASF SE (Germany), Autonomic Materials Inc. (U.S.), Avecom N.V. (Belgium)
  Key Market Opportunities   The global growth of the Self-Healing Polymer Market is that their availability
  Key Market Drivers   There is an increasing rate of road constructions


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Frequently Asked Questions (FAQ) :

Self-healing polymers hold the ability to repair themselves automatically without any external treatment or human intervention. These polymers are used as a base material for various products, including rubbers, plastics, films, fibers, and paints.

The Asia Pacific region accounts for the largest share in the global self-healing polymer market, and the region is anticipated to retain its dominance throughout the assessment period (2020-2030).

Increasing Investments in R&D to advance the self –healing property in polymers.

Kemira, Atul Ltd., Archroma, BASF SE, DyStar Group, and Chromatec Inc. are some of the players leading the global Self-Healing Polymer market.

Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global self-healing polymer market adopt to gain a larger competitive advantage.