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Self-healing cement and mortar for building construction is a growing market. These
materials will soon replace the conventional materials that are presently being used in the
industry. The heavy investments in construction industry by government as well as non-
government bodies will have a positive influence on the global self-healing materials
market.
Self-healing electronic components are also in a R&D stage. Penn State University
researchers have developed materials that can restore all its properties even after breaking
them in half and can be used as dielectrics in wearable.
Other highly demanding markets for self-healing smart materials are the ship building
industries, aircraft industries and the aerospace. These industries manufacture their vessels
to carry people under high risks. Self-healing materials can repair the microscopic cracks and
damages on the ship surface or space shuttle surface.
Self-healing materials market is categorized into self-healing coatings, polymers &
elastomers, biomaterials, metals, fiber-reinforced composites, asphalt etc., on the basis of
product types.
Owing to increasing self-healing materials research and development activities, North
America is likely to be the significant self-healing materials market in the forecast period.
However, the self-healing materials market growth is forecast to take up pace only over the
coming years. At present, most of these materials are either in the idea generation level or
the laboratory implementation level.
The filing of patents and its global acceptance of the product for commercial usage is posing
a hindrance in the rapid commercialization of the materials.
Significant players in the self-healing materials market include Apple, Bayer, Acciona, Critical
Materials, Alstom, CEINNMAT, Volkswagen, Autonomic Materials, Flame Spray Technology
Duco, PPG, Devan, BASF, Evonik, Ford, SLIPS technologies, Encore, ATFI, Fescon, LG, General
Motors, GKN Aerospace, NEI, Avecom, Nissan, and Sensor Coatings Systems.
Source Report:
https://www.gminsights.com/industry-analysis/self-healing-materials-market
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