Market Definition: Global Self-Healing Materials Market
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. Growing applications of these materials in building & construction, transport and cell phone manufacturing industries are expected to be major drivers of the market over the next seven years.
Market Analysis: Global Self-Healing Materials Market
The Global Self-Healing Materials Market accounted for USD 90.2 million in 2016 and is projected to grow at a CAGR of 95.2% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Competitive Landscape: Global Self-Healing Materials Market
The global self-healing materials market is consolidated with the presence of a limited number of players. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Self-Healing Materials Market
Some of the major players in self-healing materials market include Acciona S.A., Akzo Nobel N.V., Applied Thin Films, Inc. (ATFI), Arkema SA, Autonomic Materials Inc., Avecom N.V., BASF SE, Covestro AG (Formerly Bayer Material Science), Critical Materials S.A., Devan Chemicals, Du Pont, Evonik Industries, Sensor Coating Systems Ltd., Slips Technologies, Inc. and many more.
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