Self Healing Materials Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Germany, Japan, South Korea - Size and Forecast 2024-2028

Self Healing Materials Market Size 2024-2028

The self healing materials market size is forecast to increase by USD 6.29 billion, at a CAGR of 29.52% between 2023 and 2028. Market expansion relies on various factors, notably the enduring financial advantages offered by self-healing materials, the upsurge in construction sector activities, and increased awareness surrounding their rapid mending capabilities. Self-healing materials, with their ability to autonomously repair damage, are gaining prominence across industries due to their potential for long-term cost savings and enhanced durability. As the construction industry continues to grow, the demand for innovative materials capable of reducing maintenance costs and extending the lifespan of structures is escalating. Moreover, heightened awareness among consumers and industries regarding the time-saving benefits of self-healing materials further stimulates their adoption. These factors collectively contribute to the market's growth trajectory, fostering innovation and driving the adoption of self-healing technologies across various sectors.

What will be the Size of the Market During the Forecast Period?

To learn more about this report, View the Report Sample

Market Segmentation

The market share growth by the intrinsic segment will be significant during the forecast period. Intrinsically self-healing polymers are materials that can repair molecular and macroscopic damage by locally transiently increasing the mobility of polymer chains. This behavior is usually due to the specific molecular structure of the polymer. After providing the appropriate amount of energy (temperature, static load, or ultraviolet light), this structure enables the key step of interchain transfer, resulting in chemical or physical bonding after the stimulus is removed. The recovery process continues. Unique repair methods are applicable to thermoplastic and thermoset polymers and elastomers. Intrinsic self-healing systems can also be classified based on the nature of their underlying healing mechanism.

Get a glance at the market contribution of various segments View the PDF Sample

The intrinsic segment was valued at USD 613.60 million in 2018. The two main categories are physical interactions and chemical bonding. Physical interactions can be applied to soft (thermoplastic) materials, such as hydrogels, and materials composed of both flexible soft and immobile hard components, such as thermoplastic/thermoset semi-interpenetrating polymer networks. Chemical bonding, on the other hand, requires heat to mobilize the thermoplastic parts, which allows the polymer to diffuse into the thermoset matrix to close cracks and promote healing. Most chemical healing methods are non-autonomous. In other words, these methods require external stimuli, such as heat or ultraviolet light, to break and reconstruct the bonds. 

By Region

For more insights on the market share of various regions Download PDF Sample now!

APAC is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The accelerating pace of road construction, especially in emerging markets, is one of the key drivers supporting the growth of the market in APAC. Increasing acceptance of self-healing materials due to their ability to repair damage caused by mechanical friction and the shift from traditional to advanced fabrics due to their long-term benefits will further impact the regional market.

Furthermore, APAC is expected to witness high growth during the forecast period, owing to the expanding construction industry in the region, rapid urbanization, population growth, and rising per capita income. According to the World Bank Group, Japan had the highest per capita GDP in 2020, followed by China. Countries such as China and Japan are major markets in the region due to demand from the automotive, electronics, construction, and healthcare industries. In addition, there is a growing demand from other Southeast Asian countries for use in the construction industry. All these factors drive the growth of the regional market during the forecast period.

Market Dynamics and Customer Landscape

The market caters to diverse sectors like the electronics and automotive industry, offering solutions to combat mechanical damage and UV light exposure. These fabrics respond to changes in pH and are increasingly utilized in concrete and coatings within the building and construction market. With multinational companies expanding their product portfolio, regulations on structural integrity are becoming more stringent, driving demand for materials with low maintenance and longer lifetimes. Despite traditional materials, self-healing materials stand out for their ability to mitigate depreciation costs and offer restorative properties. Collaborations like partnerships and joint venture facilitate new product development, leveraging derivatives such as asphalt to enhance infrastructure sustainability. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Long-term financial benefits provided by self-healing materials are driving the market growth. Most of the demand for self-healing materials comes from the construction industry. Self-healing materials are used to protect components in buildings from wear. China, India, Italy, Russia, Germany, and the United States are investing heavily in road/highway infrastructure projects. Demand for self-healing materials mainly comes from developing countries, as these countries lack adequate road and transport networks and infrastructure. These countries are spending large sums of money on improving their transport networks to facilitate economic and industrial growth.

Moroever, all materials are subject to change over time. For building materials used in the construction or building sector, long-term degradation processes can lead to micro-cracks and failure. Maintenance is essential to prolong the life of building textiles. Cracks in buildings and scratches on car exteriors need to be repaired all the time, requiring owners to invest in restoration work that can cost a lot of money. However, with the help of self-healing materials, cracks, and scratches will heal on their own, saving you money. Therefore, they provide long-term economic benefits to end-users, which is driving the growth of the market during the forecast period.

Significant Market Trends

The continuous expansion of the wind energy industry is the key trend shaping the market. The wind power industry is one of the fastest growing industries for composite applications using reinforcing fibers in the production of lightweight rotor blades. A fundamental feature of wind turbine rotor blade design is the need to choose the right material. This is because it can affect many parameters such as weight, loading behavior, and physical properties of wind turbine components such as rotor blades. Components made from composites offer lighter weight and higher strength, allowing longer and stronger rotor blades to be used more cost-effectively in larger wind turbines.

However, wind turbine blades are subject to fatigue and performance degradation over time due to the formation of internal cracks. High bending stresses caused by sudden wind gusts are one of the main causes of blade failure in wind turbines. Self-healing polymers have the unique ability to repair cracks as they form. Therefore, composites such as fiber-reinforced plastics (FRP), which have self-healing properties, are sometimes used as reinforcing fabrics for wind turbine rotor blades. Therefore, manufacturing wind turbine blades using self-healing composites provides a solid safeguard against catastrophic failure, as they automatically heal when damage occurs. This will propel the growth of the market during the forecast period. 

Major Market Challenge

Limited self healing mechanisms may impede the growth of the market. Self-healing materials use inherently limited self-healing mechanisms. Most of the encapsulated therapeutics are of microscopic size to avoid compromising or compromising the integrity of the material as a whole. However, the small size of the capsule limits the amount of medicine it contains. This ultimately limits the amount of damage that therapy can repair.

For example, a highly elastic polymer may not withstand pressure despite its high elasticity. Microcapsules resemble highly elastic polymers and cannot withstand large external influences. The limited ability of the material to hold microcapsules and the irreversible process of capsule rupture reduce the material's ability to self-repair. This will hamper the growth of the market during the forecast period.

Customer Landscape

The market forecast report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Market Customer Landscape

Who are the Major Market Players?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Acciona SA: The company offers self healing materials such as self healing innovative elastomers.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

• Adaptive Surface Technologies Inc.
• Applied Thin Films Inc.
• Arkema Group
• Autonomic Materials Inc.
• Avecom NV
• BASF SE
• CEMEX SAB de CV
• Costain Group Plc
• Covestro AG
• DuPont de Nemours Inc.
• Element Solutions Inc.
• Evonik Industries AG
• Green Basilisk BV
• Ilika PLC
• NEI Corp.
• QinetiQ Ltd.
• SAS Nanotechnologies
• Sensor Coating System Ltd.
• Sika AG

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.

• Form Factor Outlook
  • Intrinsic
  • Extrinsic

• Technology Outlook 
  • Reversible polymers
  • Microencapsulation
  • Others

• Region Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Argentina
    • Brazil
    • Chile

You may also interested in below market reports:

• Automotive Paints and Coatings Market Analysis APAC, Europe, North America, South America, Middle East and Africa - US, China, India, Germany, France - Size and Forecast
• Advanced Building Materials Market Analysis APAC, Europe, North America, Middle East and Africa, South America - US, Canada, China, Japan, Germany - Size and Forecast
• Stretchable Conductive Materials Market Analysis APAC, North America, Europe, South America, Middle East and Africa - US, China, Japan, Germany, Italy - Size and Forecast

Market Analyst Overview

The market is witnessing significant growth driven by advancements in the electronics industry and the demand for innovative solutions in various sectors. Utilizing micron-scale technologies, materials like hollow glass fibers and optical fibers are revolutionizing infrastructure and device consistency. Applications span across construction, self-healing coatings in industrial settings, and transportation. With functional attributes like stimulus-responsive microstructures and shape memory polymers, these materials offer durability and longevity. Enhanced by microencapsulation and capsule-based technology, they provide resilience against wear, tear, and environmental damage, catering to the needs of diverse industries, including building and construction, automotive, and mobile devices. Further, the market is witnessing rapid growth driven by the demand for innovative solutions across various industries.

In addition, leveraging micron scale technologies, these materials, including self healing mortar and self-healing coatings, offer superior durability and longevity compared to conventional substitutes like cement. The market landscape depends on Global self-healing materials, Self healing coatings materials, Geriatric population, and Partnership. They find extensive applications in the industrial sector, particularly in building and construction and the automotive and transportation industry, where asphalt self healing materials and fibre reinforced composite enhance infrastructure resilience. Incorporating microencapsulation technology, these materials exhibit remarkable wear resistance and lubricity, ensuring consistent performance and reducing the risk of spoilage. Their versatility extends to sectors dealing with toxins and precise manufacturing process, where ceramic, metals, and metallic alloys are employed for enhanced safety and efficiency.

View PDF Sample

What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2024 and 2028
• Precise estimation of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

Get in touch