Self-Healing Materials Market forecast & competitive
market share, 2017-2024: Global Market Insights, Inc.
Global Self-Healing Materials Market size is witnessing an increasing demand in
construction, automobiles and electronics industries. The market is likely to grow with a
moderate CAGR in the period of 2017-2024.
Material aging and deterioration are the major challenges faced by the global construction
industry. Self-healing plastics have a huge scope in the aerospace and aviation industries.
The global construction industry is witnessing growing application of self-healing concretes,
composites and polymers which can repair cracks, punctures or other damages done to the
surface when exposed to air, heat or water. Self-healing asphalt for the roads and highways
construction are known to increase its lifespan. Global industrial rubber market size
generated over USD 90 billion in 2015 and may surpass USD 165 billion by 2024, with gains
at over 7%. Positive application outlook in construction, automotive, and manufacturing
industries should drive industry growth.
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