Market Insights:
The growth of the Self-healing
material market is driven by the increasing need of using self-healing
materials by various end-user industries such as construction, automotive,
electronics and others with the objective of reducing the costs which would
otherwise be incurred for the repairs and maintenance of the infrastructures.
The use of self-healing materials provides long term benefits over the use of
traditional materials. The rapid increase in the demand for the high-quality
construction materials owing to the increased infrastructure projects and increased
urbanization in the developing nations is expected to lead the growth of the
self-healing materials during the forecast period.
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Ø Bayer Material Science LLC
Ø High Impact Technology LLC
Ø Dow Chemical Company
Ø Michelin
Ø Nissan Motor Company Ltd,
Ø Huntsman Corporation
Ø Akzo Nobel N.V.
Ø MacDermid Autotype Ltd.
Ø Autonomic Materials, Inc
Market Segmentation:
Based on products,
the self-healing material market can be segmented as concrete, coatings,
polymers, metals and others. The
concrete is expected to dominate the self-healing material market owing to its
capabilities such as minimum shrinkage and creep, high strength, durability and
cost-effectiveness. Polymer is also used extensively used in various
engineering fields owing to its advantages which include lightweight, excellent
process ability, and physical & chemical stability in any atmospheric
conditions
This research report has provided the insights, on various
levels of analyses such industry analysis, market share analysis leading market
players and their profiles. This report also helps in studying the target
segments by providing views on emerging & high-growth segments and market
conclusion. Together the market data comprise and discuss with the basic
assessments on the competitive scenarios & strategies, of the global Self-healing material market, including the high-growth regions, countries and their
political, economic and technological environments. Furthermore, the project
report also provides the views over the historical market values as well as,
pricing and cost analysis of the same.
Regional Analysis:
The Self-Healing
Materials Market is segmented across five regions: The Middle East & Africa, Asia
Pacific, Latin America, Europe, and North America. Europe followed by
North America is the dominant region. The developed pharmaceutical industry in
Europe coupled with the high adoption rate is the major factor driving the
growth of the market. Moreover, the growing expansion of companies especially,
in Italy and France is expected to leverage the development of the market.
Furthermore, the growing application in the developed automobile and
transportation sector is also fueling the market demand. Moreover, the
stringent EU regulations regarding the control of emissions have augmented the
use of asphalt self-healing materials. North America is another major market
during the forecast years. The developed technological base coupled with
growing investment in the research and development activities in the region is
further propelling the demand. Moreover, the growing renovation and
construction activities in the region coupled with the developed end-user
industries such as an automobile, electrical and semiconductor, and
pharmaceutical among others is another factor fuelling the growth of the
market. Asia Pacific is expected to witness an augmenting CAGR during the
forecast years. The shifting of manufacturing base into the region, coupled
with the growing purchase power parity is driving the market positively.
Moreover, the increasing government investment in the retail sector, especially
in India and China, has overcome the supply barriers of goods such as
electronics and medical devices which is significantly contributing to the
market growth.
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