Self-healing materials are the materials which possess the ability of repairing the damages by their own without the interface of any human activities. The damages could be caused with the efflux of time or due to mechanical friction.
The major driver for the growth of the self-healing material market is the ability of the self-healing material to save the costs over the long period of time which would otherwise be required for the repairs of the materials such as constructions, automotive components and others. The self-healing materials help in reducing the maintenance and replacement costs, and is therefore used extensively by the manufacturers or at construction sites. The market is also driven by the extensive use of self-healing cement by the construction sector.
The Self-healing material market is expected to grow over the CAGR of around 7 % during the period 2017 to 2023.
Global Self-Healing Material Market can be segmented as follows:
• Segmentation by Product: Concrete, Coatings, Polymers, Metals
• Segmentation by Technology: Reversible Polymers, Microencapsulation, Biological Material Systems
• Segmentation by Application: Construction, Automotive, Electronics
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Study Objective of Self-Healing Material Market
• To provide detailed analysis of the market structure along with forecast for the next 5 years of the various segments and sub-segments of the global Self-healing material market
• To provide insights about factors affecting the market growth
• To analyse the global Self-healing material market based on various tools such as Supply Chain Analysis, and Porter’s Five Force Analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to regions and their respective key countries
• To provide country level analysis of the market with respect to the current market size and future prospective
• To provide country level analysis of the market for segments by product, technology, application and region
• To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market
• To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global Self-healing material market.
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The key players of Self-healing material market are:
• Bayer Material Science LLC (U.S.)
• High Impact Technology LLC (U.S.)
• Dow Chemical Company (U.S.)
• Michelin (France)
• Nissan Motor Company Ltd, (Japan)
• Huntsman Corporation (Texas)
• Akzo Nobel N.V. (Netherlands)
• MacDermid Autotype Ltd. (U.K.)
• Autonomic Materials, Inc. (U.S.)
• Distributer & Supplier companies
• End Users
• consultants and Investment bankers
• Government as well as Independent Regulatory Authorities
Regional Analysis of Self-Healing Material Market:
The North America region is expected to dominate the global power quality equipment market. The increase in the research and development activities for the self-healing materials is leading to the growth of the market in the North America region. Asia-Pacific region is also expected to grow significantly in the self-healing material market owing to the increase in applications of the materials by the automotive and construction industry in the region.
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