Self-Healing Materials Market analysis research and trends report for 2018 - 2024
Self-Healing Materials Industry analysis is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more.
Self-Healing Materials Industry analysis is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more.
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<strong>Self</strong>-<strong>Healing</strong> <strong>Materials</strong> <strong>Market</strong> share by<br />
applications <strong>and</strong> regions <strong>for</strong> <strong>2018</strong>-<strong>2024</strong><br />
End-user industries to the <strong>Self</strong>-healing <strong>Materials</strong> <strong>Market</strong> are construction works,<br />
automotive industry, aviation <strong>and</strong> aerospace, electronics sector, energy generation,<br />
military, <strong>and</strong> healthcare. <strong>Self</strong>-healing materials market is categorized into self-healing<br />
coatings, polymers & elastomers, biomaterials, metals, fiber-rein<strong>for</strong>ced composites,<br />
asphalt etc., on the basis of product types.<br />
Global <strong>Self</strong>-<strong>Healing</strong> <strong>Materials</strong> <strong>Market</strong> size is witnessing an increasing dem<strong>and</strong> in<br />
construction, automobiles <strong>and</strong> electronics industries. The market is likely to grow with<br />
a moderate CAGR in the period of 2017-<strong>2024</strong>. These materials autonomously repair<br />
the damage thereby extending their life spans.<br />
Material aging <strong>and</strong> deterioration are the major challenges faced by the global<br />
construction industry. <strong>Self</strong>-healing plastics have a huge scope in the aerospace <strong>and</strong><br />
aviation industries. These are the key factors <strong>for</strong> growth of self-healing materials<br />
dem<strong>and</strong> in the near future, as they pose as a remedy to save the maintenance <strong>and</strong><br />
replacement costs to a great extent in long run.<br />
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In case of the aircraft, small damages in the assembly that are unseen by the human<br />
eye can cause destruction to the plane. The aviation industry has a vast dem<strong>and</strong> <strong>for</strong><br />
self-healing polymers-which would also reduce the maintenance schedule.<br />
Automobile sector is also beginning to shift its focus towards self-healing materials<br />
<strong>and</strong> is expected to drive the market from 2016 to <strong>2024</strong>. Nissan Motor Co. Ltd.<br />
commercialized the world’s first self-healing clear coat <strong>for</strong> automobile surface under<br />
the trade name of Scratch Shield.<br />
Owing to increasing self-healing materials <strong>research</strong> <strong>and</strong> development activities, North<br />
America is likely to be the significant self-healing materials market in the <strong>for</strong>ecast<br />
period. The regional construction, electronics, <strong>and</strong> automotive industries are expected<br />
to drive the market. Thriving construction industry in China <strong>and</strong> other developing<br />
countries will make Asia Pacific region exhibit good growth aspects <strong>for</strong> the market.<br />
Significant players in the self-healing materials market include Apple, Bayer, Acciona,<br />
Critical <strong>Materials</strong>, Alstom, CEINNMAT, Volkswagen, Autonomic <strong>Materials</strong>, Flame<br />
Spray Technology Duco, PPG, Devan, BASF, Evonik, Ford, SLIPS technologies,<br />
Encore, ATFI, Fescon, LG, General Motors, GKN Aerospace, NEI, Avecom, Nissan,<br />
<strong>and</strong> Sensor Coatings Systems.<br />
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