Global Self Healing Materials Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Material Type (Concrete, Polymers, Asphalt, Others), By End-Use Industry (Consumer Electronics, Building And Construction, Transportation, Medical, Others), And By Geography - Forecasts From 2023 To 2028
- Published : Feb 2023
- Report Code : KSI061611082
- Pages : 123
The self-healing materials market is projected to grow at a CAGR of 68.27% during the forecast period, reaching a total market size of US$8,173.341 million in 2024, from US$360.006 million in 2018. The global self-healing material market is expected to witness a surge in demand during the forecast period on account of increasing applications of self-healing materials in various end-user industries.
Furthermore, the improvement of the quality of products along with safety, and longer lifetime provided by the application of self-healing materials of various products will drive the global self-healing materials market growth.
In addition, a rise in demand for self-healing materials from various emerging economies is projected during the coming years as infrastructure continues to grow in these nations. Self-healing materials are being widely used in healthcare, automotive, electrical & Electronics, construction, aerospace, and others. The electrical & electronics sector is expected to be the most dominant sector as it holds the highest share of the market and is expected to witness the highest growth rate over the forecast period. The growing application of these self-healing materials in the construction and electronics sectors is providing a great opportunity for the market. Various companies, such as LG, have already started using self-healing materials in the production of smartphones. However, fluctuations in raw material prices and low awareness in various regions will have a negative impact on the growth of the global self-healing materials market.
Research Methodology
The report provides a brief introduction to the market and deals with detailed research methodology for calculating market size and forecasts, secondary data sources used, and the primary inputs which were taken for data validation. This section also outlines various segmentations which have been covered as part of the report.
Market Dynamics
This section provides comprehensive market dynamics through an overview section along with growth drivers, challenges, and opportunities that exist in the current market. This section of the report also provides supplier and industry outlook as a whole; key industry, global and regional regulations that are determining the market growth, and a brief technological aspect of self-healing materials. Complete industry analysis has also been covered through Porter’s five forces model as a part of this report section.
Segmentation:
- By Material Type
- Concrete
- Polymers
- Asphalt
- Others
- By End-Use Industry
- Consumer Electronics
- Building and Construction
- Transportation
- Medical
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Others
- Middle East and Africa
- Israel
- South Africa
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Others
- North America
Frequently Asked Questions (FAQs)
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