GLOBAL SELF-HEALING MATERIALS MARKET FORECAST 2019-2027
• The global self-healing materials market is projected to evolve with a CAGR of 23.74% during the forecast period 2019-2027. • By the end of the estimated period, the market is expected to generate a revenue of $2027.43 million. • The growing applications of self-healing coatings accompanied by other factors are driving the growth of self-healing materials market worldwide.
• The global self-healing materials market includes segments such as technology, end-user, material type, and form. • The widening adoption of materials in the sectors such as healthcare, automotive, construction, biotechnology, electronics, and others are influencing the market growth. •
The demand for self-healing materials like self-healing cement and self-healing mortars is increasing in the construction sector, in turn, fueling the market growth.
• Geographically, the global self-healing materials market is bifurcated into regions, namely, Asia Pacific, Europe, North America, and Rest of World segment. • Europe captures the largest market share in terms of revenue owing to the increasing demand for self-healing materials from several end-users.
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The North America self-healing materials market is expected to record a GAGR of 20.60% between 2019 and 2027. In 2018, the North America market contributed $XX million and was estimated to reach $XX million by 2027 in terms of revenue. The surging adoption of several types of self-healing materials like coatings, polymers, concrete, Asphalt, ceramic, and others is driving the market growth in the region at a significant pace.
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The European self-healing materials market is estimated to register the CAGR of 23.93% during the forecast period while generating the revenue of $XX million by the end of the 2019-2027 period. The large scale adoption of self-healing materials in various end-user industries, especially, automotive and construction, is influencing the market growth in this region.
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The Asia Pacific region showcases the fastest-growing market for self-healing materials market. The Asia Pacific self-healing materials market is estimated to flourish with a CAGR of 26.69% during 2019-2027. The market amounted for revenue of $XX million in 2018 and is anticipated to contribute $XX million by the end of the forecast period. Australia, India, Japan, South Korea, China, along with Rest of Asia Pacific are the emerging economies assessed in the Asia Pacific self-healing materials market.
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The eminent companies in the global self-healing materials market are Applied Thin Films Inc., NEI Corporation, High Impact Technology, Covestro, AkzoNobel N.V., BASF SE, DuPont, Acciona, S.A, Autonomic Materials, MacDermid Autotype Ltd., and Arkema.