Self-Healing Polymer Market Overview
Self-Healing Polymer Market is expected to grow at 6.90% CAGR from 2020 to 2030.
Self-Healing Polymers are a part of the self-healing materials market, which is expected to grow at the maximum quantum during the forecast period. These materials can be recognized as artificial or synthetically created products and materials. These materials have the capability to build in and heal the damage automatically and autonomously. There is no need for human supervision under such tasks that have been undertaken by the materials and products. The self-healing polymers have been recognized for their utilization in coatings and concrete applications. The rising use of material applications belonging to the market is responsible for a major escalation of the Self-Healing Polymer Market Size during the global forecast period.
Additionally, other factors propelling the market growth include; growing population, growing urbanization industrialization that increases the need for construction infrastructure development. The improving economy increases consumer’s purchasing power across the globe, providing impetus to the market growth. Automotive industry accounts for the largest consumer of paints coating products, witnessing the increasing demand and production of automobiles worldwide.
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Competitive Landscape
The Self-Healing Polymer Market Forecast is based on the propelling market trends and the rising degree of competition prevailing amongst the global market players. The report helps the investors identify the market competitors and make investments based on their potential to help the market grow during the forecast period that ends in 2028. The market players are as follows:
- Acciona S.A. (Spain)
- Slips Technologies, Inc. (U.S.)
- AkzoNobel N.V. (Netherlands)
- Sensor Coating Systems Ltd. (U.K.)
- Devan Chemicals (Portugal)
- Evonik Industries (Germany)
- Applied Thin Films, Inc. (U.S.)
- I. Du Pont De Nemours and Company (U.S.)
- Critical Materials S.A. (Portugal)
- Covestro AG (Germany)
- Arkema SA (France)
- BASF SE (Germany)
- Autonomic Materials Inc. (U.S.)
- Avecom N.V. (Belgium)
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Recent Developments
- Evonik Industries is one of the prominent market players that moved forward with acquiring the Specialty and Coating Additives business of Air Products (US). This will help in strengthening its dominant position in the international market in the high margin specialty, and coating adhesives.
- BASF SE also moved forward and obtained a patent regarding the method of self-healing cured coatings.
- BASF SE further acquired another market player — Chemetall GmbH. This company has been recognized as a wide producer of specialty chemicals alongside surface treatment products.
- The prominent market players belonging to the APAC region are expecting good growth during the period as the players are investing in the construction verticals that are providing a boost to both the global market functions.
- October 2021- OH Research Group’s two Concordia researchers in the Faculty of Arts and Science are analyzing ways to “self-heal” cellphones, and the research might also have wider implications. The researcher working on the study explains that maintaining a balance between self-healing and mechanical properties is crucial in such types of projects. The research is being published in the ACS Nano and is named “Self-Healable Reprocessable Triboelectric Nanogenerators Fabricated with Vitrimeric Poly(hindered Urea) Networks.” He further said that the study stands out from analogous work on the topic as it mainly targets temperature. The researchers said that the main target of the research is to maintain the strength of the network throughout the process, even while adding vigorous capacity to self-heal scratches and damages. They also added that they aim to achieve full healing of scratches at room temperature. The characteristic makes their research unusual.
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