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Self-Healing Materials Market - What are the main factors that contributing towards industry growth?

Author : Rahul Varpe | Published Date : 2019-03-28 

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. End-user industries to the self-healing materials market are construction works, automotive industry, aviation and aerospace, electronics sector, energy generation, military, and healthcare.

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. The regional construction, electronics, and automotive industries are expected to drive the market. Thriving construction industry in China and other developing countries will make Asia Pacific region exhibit good growth aspects for the market.

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. Therefore, several applications of these smart materials are yet to be tested and commercialized. 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.

To access the table of contents or view the Self-Healing Materials Market report in detail, please click the link below: www.gminsights.com/request-toc/upcoming/1359

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. These materials autonomously repair the damage thereby extending their life spans.

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. These are the key factors for growth of self-healing materials demand in the near future, as they pose as a remedy to save the maintenance and replacement costs to a great extent in long run.

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. Also, 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.

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.
 

About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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