Self-Healing Polymer Market 2018 by Manufacturers, Types, Regions and Applications Research Report Forecast to 2023

Market Insights

As the name suggests, Self-Healing Polymers are artificially developed polymers which possess the ability to repair damage incurred automatically without any human intervention or external treatment. Self-Healing Polymers have a vast number of potential applications in end-user industries, many of which are witnessing rapid growth. Market Research Future (MRFR) has released its new report on the Global Self-Healing Polymer Market which offers insights and key market figures. Industry applications for Self-Healing Polymers can be found in paint & coatings, construction, electronics, healthcare, and aerospace among others.

Self-Healing Coatings are highly advanced and have high demand in the global market. For instance, the thriving automotive industry is increasing its demand for Self-Healing Polymer Coatings for automobile parts. Increasing number of space research programs combined with the demand for self-healing parts in aerospace vessels are expected to drive demand for Self-Healing Polymers. Moreover, the global building & construction sector is expanding swiftly, thus driving the demand for the Self-Healing Polymer. Of the most innovative and highly advanced applications of Self-Healing Polymers is the use of the same in the development of artificial organs. 

Growing industrialization and increasing disposable income translate to the high purchasing power of products which feature Self-Healing Polymers, thus driving exponential growth for the Global Self-Healing Polymer Market.

Self-Healing Polymers are a relatively new offering, and awareness regarding the same has not spread widely. This is likely to hinder market growth over the coming years, thus posing a challenge to the market.

Market Segmentation

The Global Self-Healing Polymer Market is segmented on the basis of Form, End-Use Industries, and Regions.

By Form, the market is divided to include vascular, capsule-based, and intrinsic. Of these, the capsule-based segmented accounts for the most significant segment.

By End-Use Industries, the market is segmented into building & construction, paint & coatings, electrical & electronics, healthcare, aerospace, and others. The paint and coatings segment accounts for 27% of the global market share and is followed by the building & construction segment.

Regional Analysis

Europe has been observed as the most significant regional Self-Healing Polymer Market. Countries such as Germany, Italy, and France, have highly developed end-use industries where there is a growing demand for Self-Healing Polymers. The presence of various market leaders in the region and increasing consumer spending in Europe is anticipated to increase the market value for the region.

Meanwhile, the Asia Pacific is the fastest growing market with the highest CAGR during the assessment period. The presence of significant paint & coatings industry in the region and the growing establishment of advanced infrastructure in emerging economies will boost market growth for the APAC market. Moreover, the region has been established as a manufacturing hub for automobiles among other industries, and the increasing volume of production combined with the increasing demand for advanced safety features is anticipated to increase market value.

The Middle East & Africa also accounts for an important regional segment. Isreal is in the forefront of research & development and the growing construction activities in emerging economies such as the U.A.E are expected to impact the market positively.

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Self-Healing Polymer Market 2018 Trends, Industry Analysis, Outlook and Global Forecasts 2023

Self-Healing Polymers Market – Market Overview
Self-Healing Polymers are a lucrative market and is expected to have a steady growth during the forecast years. Self-healing polymers are a type of artificial polymers which have an inbuilt capability of repairing or healing themselves without any external response or any human intervention. These polymers are classified into two groups depending upon their ability of Self-Healing mechanism namely intrinsic and extrinsic. These Self-Healing Polymers follows a set of three processes in case of any damage. The first step of response is actuation or triggering which happens instantly after the detection of damage, the second step is the transfer of materials to the affected area, and the final step is the chemical healing process. These Self-Healing Polymers has wide applications and provides base material for various products such as films, rubbers, fibers, plastics and paints which paves their way into many end-user industries such as building and construction, paints and coatings, and  electrical and electronics among others. The Global Self-Healing Polymers Market can be segmented on the basis of form, end-user industry and regions. On the basis of end user industry paints and coatings industry is anticipated to be the dominant segment and is expected to retain its dominance during the forecast period. The growing building and construction throughout the globe has augmented the demand for paints and coatings which in turn is expected to be the major factor driving the market.

The market is estimated to demonstrate a remarkable growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023). According to the analysis of MRFR, the major market forces and trends driving growth of the global Self-healing polymers Market includes growth of construction sector and the burgeoning growth in the automobile industry. Moreover, the increasing personal disposable income in the developing economies throughout the globe has augmented the construction activities especially in India and china which in turn is further expected to fuel the growth of the Global Self-healing Polymers Market during the forecast period.  In addition to this, the growing application in the aerospace and the artificial organ sector is also expected to contribute substantially to the growth of the market.

Self-Healing Polymers Market- Competitive Landscape
The Global Self-Healing Polymers Market is a highly lucrative market driven by flourishing growth in paints and coatings and automobile industry, along with the propelling electrical and electronic industry. Covestro AG (Germany), Arkema Group (France), Evonik Industries AG (Germany), Autonomic Materials Inc. and others are some of the major players operating in this market. Most of these market participants are adopting the expansion, product launch, and merger and acquisition tactics to strengthen their production capacities and market position. Taking account of these trends the Global Self-healing Polymers Market is projected to witness considerable competition over the forecast period of 2017-2023.

Europe is anticipated to be the largest market followed by North America, whereas Asia Pacific is expected to be the fastest growing market. The growing adoption rate coupled with the developed end-user industries are the major factors driving the market growth in Europe. The major countries accounted for this growth include U.K, Germany, France, and Italy and others. Moreover, the expansion of multinational companies in Europe coupled with the presence of major manufacturers of Self-Healing Polymers in the region are other factors adding to the growth of the market.

Industry/ Innovation/ Related News:
25 December, 2017- A team of researchers from the University of Tokyo, has developed a new Self-Healing Polymer called polyether-thioureas. This new Self-Healing Polymer is mechanically robust and has the capacity of healing itself with pressure applied from hand, in normal room temperature. This new development is expected to find large application in the smart phone display screens and can be an efficient replacement of gorilla glass.

21 September, 2017- LyondellBasell has developed a new product Koattro KT MR05 with Self-Healing properties. This products is expected to find its application in automotive parts, coatings, sealants, and surface protection films among others.

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