Self-Healing Coatings Market

Self-Healing Coatings Market by Form (Extrinsic, Intrinsic), End-use industry (Automotive, Building and construction, Aerospace, Marine) and Region (Asia Pacific, Europe, North America, South America, and MEA) Global Forecast to 2028

Report Code: CH 8660 May, 2023, by marketsandmarkets.com

Self-Healing Coatings Market

Self-Healing Coatings Market was valued at USD 2.4 billion in 2023 and is projected to reach USD 10.4 billion by 2028, growing at a cagr 34.2% from 2023 to 2028. Automotive and marine industries make extensive use of self-healing coatings. Its market is increasing rapidly as a result of expanded application areas, technical advancements, and rising demand in Europe. The burgeoning building and construction business, as well as increasingly demanding structural integrity rules, are driving demand for self-healing coatings. The necessity to prolong the lifespan of structures in order to comply with structural integrity rules and to gradually tighten material science regulations on a worldwide basis is driving the rise. However, the high manufacturing costs limit the increase in demand for self-healing coatings.

Attractive Opportunities in Self-Healing Coatings Market

Self-Healing Coatings Market

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Self-Healing Coatings Market

Self-Healing Coatings Market Dynamics

Driver: Self-healing coatings are frequently used in the automobile industry due to their ability to repair physical damage or restore functional performance with little or no intervention. The capacity of coatings to self-heal is especially important in the automobile sector, where cars are subjected to extreme climatic conditions and mechanical damage. Self-healing coatings can endure tiny scratches and prevent corrosion, lowering maintenance costs and increasing the life of the coating. Furthermore, self-healing coatings may intelligently adapt to mechanical or chemical damage produced by the external environment and replicate their previous qualities, such as adherence to the substrate and integrity. The application of self-healing nanocoating’s in automobiles can make mobility significantly healthier and increase vehicle performance.

Restraints: Self-healing coatings are currently very expensive. Many of the processing production and procedures are experimental. It is not known which approaches will prove to be commercially viable at this stage or which will meet a consumer need. Consumers are skeptical of new technologies, especially at a premium when the functionality is not instantly visible, or the benefits are not obvious. Limited repeatability of encapsulation products is another commercial barrier; consumers would be reluctant to pay a premium for a product that will not keep performance.

The crucial aspect is that the consumer views the technology advantage as value for money at the moment of purchase. As new technologies prepare to reach the market, the application must be adequately planned. It is critical that the scope of application broadens, and that additional cross-disciplinary research be conducted in automotive, building and construction, marine, and even aerospace to investigate the possibilities of self-healing coatings. Due to the intricacy of its production process, intrinsic self-healing coatings are more expensive than extrinsic self-healing coatings. Intrinsic self-healing coatings are designed to have the healing agent integrated into the coating matrix, requiring a more sophisticated manufacturing process than extrinsic self-healing coatings, which have the healing agent added to the coating after it has been applied. Furthermore, intrinsic self-healing coatings need a larger concentration of healing chemicals, which raises their cost. However, intrinsic self-healing coatings have the benefit of being more robust and long-lasting than extrinsic self-healing coatings, making them more appealing for applications requiring long-term protection.

Opportunity: Because of its capacity to repair scratches and resist corrosion, self-healing coatings are gaining popularity in the automobile industry, lowering maintenance costs and increasing the longevity of vehicle coatings. Transparent protective coatings for automobiles that can self-heal in 30 minutes under sunlight have been created by researchers, revealing the potential for self-healing coatings in the automotive sector. Self-healing coatings are also applicable to electrical equipment and building materials, giving them a versatile option for a variety of transportation applications. In vehicles, the application of self-healing nanocoating’s can increase mobility and performance. The development of self-healing polymeric coatings might reduce the amount of money that car operators must spend on maintenance, making them an appealing alternative for the automotive industry.

Challenges: The economics of the self-healing coatings business are extremely complicated due to the large variety of variables in the relatively new value and production chains. Larger firms are more likely to understand the value chain and position themselves than small and medium-sized enterprises (SMEs).

In many circumstances, there are evident economic constraints for self-healing coatings production processes, such as operating expenses, R&D expenditures, and investments. For certain self-healing coatings, the technology does not yet exist (or has not yet been commercialized), or the creation of a self-healing coatings manufacturing method is not cost-effective due to the high costs involved with the manufacture of traditional materials. Self-healing coatings require specialized equipment and knowledge to make, which small businesses may not have. Furthermore, self-healing coatings need stringent quality control methods to guarantee that the healing agents are spread uniformly throughout the coating, which can be difficult for small businesses to do.

Self-Healing Coatings Market Ecosystem

Self-Healing Coatings Market Ecosystem

Based on form, the extrinsic segment is estimated to account for the largest market share of the self-healing coatings market

Because they are more successful, extrinsic self-healing coatings account for a higher part of the market. Despite substantial damage to the substrate, extrinsic self-healing materials can achieve healing efficiencies in excess of 100%. Extrinsic systems segregate healing chemistries from the surrounding polymer in microcapsules or vascular networks, which release their substance into the crack plane, reacting and allowing material functions to be restored. These systems can be further classified into capsule-based and vascular systems.

Based on end-use, the automotive segment is anticipated to dominate the market

Self-healing coatings have several helpful features and applications in the automotive end-use sector. They improve the structural, thermal, and electrical qualities of the substrate and help to imitate a metallic-like look when replacing chrome-plated painted surfaces. Nanoparticles are used as fillers in self-healing coatings and are mixed into a polymeric matrix. Metallic nanoparticles and nanostructured carbons are the most often employed fillers in conductive self-healing coating compositions today. The type of nanomaterial utilized determines the conductive qualities of these coatings, such as electric conductivity, corrosion inhibition, and scratch resistance. Graphene and zinc are common nanoparticles utilized in such coatings because they have low electrical resistance and self-healing capabilities.

The Europe market is projected to contribute the largest share of the self-healing coatings market.

In terms of self-healing coatings sales, Europe is the largest market, accounting for 49.1% of the worldwide market in terms of value in 2023. The automotive and marine end-use categories fuel the region's need for self-healing coatings. Because of the strong efforts of different regulatory agencies to strengthen the structural integrity of car vehicles, the area is at the forefront of the self-healing coatings industry. The financial crisis has had a huge impact on European manufacturing companies, which are currently recuperating, leading to slower demand for self-healing coatings.

Self-Healing Coatings Market by Region

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Self-Healing Coatings Market Players

Autonomic Materials, Inc (US), Covestro AG (Germany), AkzoNobel N.V. (The Netherlands), BASF SE (Germany), Feynlab Inc (US), GVD Corporation (US), 3M Company (US), Shawcor Ltd (Canada), Winn & Coales (Denso) Ltd (UK), and Revivify Canada, Inc (Canada) are the key players operating in the global market.

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Self-Healing Coatings Market Report Scope

Report Metric

Details

Market size available for years

2021-2028

Base year considered

2022

Forecast Period

2023-2028

Forecast Units

Value (USD Billion)

Segments Covered

By Form, By End-Use, By Region

Geographies Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Companies covered

Autonomic Materials, Inc (US), Covestro AG (Germany), AkzoNobel N.V. (The Netherlands), BASF SE (Germany), Feynlab Inc (US), GVD Corporation (US), 3M Company (US), Shawcor Ltd (Canada), Winn & Coales (Denso) Ltd (UK), and Revivify Canada, Inc (Canada)
A total of 15+ players are covered.

Based on form, the self-healing coatings industry has been segmented as follows:
  • Extrinsic
  • Intrinsic
Based on end-use, the self-healing coatings industry has been segmented as follows:
  • Automotive
  • Aerospace
  • Building & Construction
  • Marine
  • Others
Based on the region, the self-healing coatings industry has been segmented as follows:
  • North America
  • Europe
  • Asia Pacific
  • Middle East & Africa
  • South America

Recent Developments

  • In December 2021, the company launched AMP-UP RB a self-healing, low-VOC protective solution for rebar and structural metals embedded in concrete. Built on Autonomic Materials Inc’s ground-breaking corrosion-inhibiting technology platform, AMP-UP RB was explicitly designed for long-term corrosion protection of structural metals embedded in concrete during new construction and concrete repair.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 22)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 MARKET INCLUSIONS AND EXCLUSIONS
    1.3 MARKET SEGMENTATION 
           1.3.1 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 STAKEHOLDERS 
 
2 RESEARCH METHODOLOGY (Page No. - 25)
    2.1 RESEARCH DATA 
          FIGURE 1 SELF-HEALING COATINGS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Primary data sources
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION 
           2.2.1 BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 2 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
                    FIGURE 3 SELF-HEALING COATINGS MARKET SIZE ESTIMATION, BY REGION
                    FIGURE 4 SELF-HEALING COATINGS MARKET SIZE ESTIMATION, BY TECHNOLOGY
    2.3 SUPPLY-SIDE FORECAST 
          FIGURE 5 SELF-HEALING COATINGS MARKET: SUPPLY-SIDE FORECAST
          FIGURE 6 METHODOLOGY FOR SUPPLY-SIDE SIZING OF SELF-HEALING COATINGS MARKET
    2.4 FACTOR ANALYSIS 
          FIGURE 7 FACTOR ANALYSIS OF SELF-HEALING COATINGS MARKET
    2.5 DATA TRIANGULATION 
          FIGURE 8 SELF-HEALING COATINGS MARKET: DATA TRIANGULATION
    2.6 ASSUMPTIONS 
    2.7 LIMITATIONS 
    2.8 GROWTH RATE FORECAST 
 
3 EXECUTIVE SUMMARY (Page No. - 37)
    TABLE 1 SELF-HEALING COATINGS MARKET SNAPSHOT, 2023 VS. 2028
    FIGURE 9 EXTRINSIC SEGMENT TO ACCOUNT FOR LARGER SHARE OF SELF-HEALING COATINGS MARKET
    FIGURE 10 AUTOMOTIVE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE
    FIGURE 11 EUROPE LED SELF-HEALING COATINGS MARKET IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 41)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN SELF-HEALING COATINGS MARKET 
          FIGURE 12 SELF-HEALING COATINGS MARKET TO WITNESS HIGH GROWTH DURING FORECAST PERIOD
    4.2 SELF-HEALING COATINGS MARKET, BY FORM 
          FIGURE 13 INTRINSIC TO BE FASTER-GROWING SEGMENT BETWEEN 2023 AND 2028
    4.3 SELF-HEALING COATINGS MARKET, DEVELOPED VS. EMERGING ECONOMIES 
          FIGURE 14 DEVELOPED COUNTRIES TO WITNESS HIGHER GROWTH DURING FORECAST PERIOD
    4.4 ASIA PACIFIC SELF-HEALING COATINGS MARKET, BY END-USE INDUSTRY AND COUNTRY, 2022 
          FIGURE 15 CHINA ACCOUNTED FOR LARGEST MARKET SHARE
    4.5 SELF-HEALING COATINGS MARKET, BY COUNTRY 
          FIGURE 16 UK TO EMERGE AS LUCRATIVE MARKET FOR SELF-HEALING COATINGS
 
5 MARKET OVERVIEW (Page No. - 44)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
          FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN SELF-HEALING COATINGS MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Increasing automobile production
                    5.2.1.2 Technological advancements in self-healing coatings
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of self-healing coatings compared to conventional materials
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Growing investments in various end-use industries in emerging economies
                    5.2.3.2 Potential uses in applications requiring reliability and durability
           5.2.4 CHALLENGES
                    5.2.4.1 Adoption of new technologies
                    5.2.4.2 Securing profitability and competitiveness
                    5.2.4.3 Scaling up from pilot scale to industrial scale production
    5.3 PORTER'S FIVE FORCES ANALYSIS 
          TABLE 2 SELF-HEALING COATINGS MARKET: PORTER'S FIVE FORCES ANALYSIS
          FIGURE 18 PORTER'S FIVE FORCES ANALYSIS: SELF-HEALING COATINGS MARKET
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF BUYERS
           5.3.4 BARGAINING POWER OF SUPPLIERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.4.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 19 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS
                    TABLE 3 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP APPLICATIONS (%)
           5.4.2 BUYING CRITERIA
                    FIGURE 20 KEY BUYING CRITERIA FOR SELF-HEALING COATINGS
                    TABLE 4 KEY BUYING CRITERIA FOR SELF-HEALING COATINGS
    5.5 MACROECONOMIC INDICATOR ANALYSIS 
           5.5.1 INTRODUCTION
           5.5.2 GDP TRENDS AND FORECAST
                    TABLE 5 TRENDS AND FORECAST OF GDP, PERCENTAGE CHANGE, 2020–2027
           5.5.3 TRENDS AND FORECAST OF GLOBAL CONSTRUCTION INDUSTRY
                    FIGURE 21 GLOBAL SPENDING IN CONSTRUCTION INDUSTRY, 2014–2035
           5.5.4 TRENDS IN AUTOMOTIVE INDUSTRY
                    TABLE 6 AUTOMOTIVE INDUSTRY PRODUCTION IN UNITS (2020–2021)
           5.5.5 TRENDS IN AEROSPACE INDUSTRY
    5.6 GLOBAL ECONOMIC SCENARIO AFFECTING MARKET GROWTH 
           5.6.1 RUSSIA–UKRAINE WAR
           5.6.2 CHINA
                    5.6.2.1 China's debt crisis
                    5.6.2.2 Australia-China trade war
                    5.6.2.3 Environmental commitments
           5.6.3 EUROPE
                    5.6.3.1 Energy crisis in Europe
    5.7 SUPPLY CHAIN ANALYSIS 
          FIGURE 22 SELF-HEALING COATINGS MARKET: SUPPLY CHAIN ANALYSIS
    5.8 SELF-HEALING COATINGS ECOSYSTEM AND INTERCONNECTED MARKETS 
          TABLE 7 SELF-HEALING COATINGS MARKET: STAKEHOLDERS IN SUPPLY CHAIN
          FIGURE 23 PAINTS & COATINGS: ECOSYSTEM MAPPING
    5.9 TRENDS AND DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
    5.10 TRADE ANALYSIS 
           TABLE 8 COUNTRY-WISE EXPORT DATA, 2019–2021 (USD THOUSAND)
           TABLE 9 COUNTRY-WISE IMPORT DATA, 2019–2021 (USD THOUSAND)
    5.11 PATENT ANALYSIS 
           5.11.1 METHODOLOGY
           5.11.2 PUBLICATION TRENDS
                     FIGURE 24 NUMBER OF PATENTS PUBLISHED, 2018–2023
           5.11.3 TOP JURISDICTION
                     FIGURE 25 PATENTS PUBLISHED BY JURISDICTION, 2018–2023
           5.11.4 TOP APPLICANTS
                     FIGURE 26 PATENTS PUBLISHED BY MAJOR APPLICANTS, 2018–2023
                     TABLE 10 TOP PATENT OWNERS
    5.12 CASE STUDY ANALYSIS 
    5.13 TECHNOLOGY ANALYSIS 
    5.14 KEY CONFERENCES AND EVENTS IN 2023 
           TABLE 11 SELF-HEALING COATINGS MARKET: KEY CONFERENCES AND EVENTS
    5.15 TARIFF AND REGULATORY LANDSCAPE 
           5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 12 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 13 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 14 MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                     TABLE 15 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
6 SELF-HEALING COATINGS MARKET, BY FORM (Page No. - 79)
    6.1 INTRODUCTION 
          FIGURE 27 EXTRINSIC SEGMENT TO LEAD SELF-HEALING COATINGS MARKET
          TABLE 16 SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
    6.2 EXTRINSIC 
           6.2.1 MOST USED FORM OF SELF-HEALING COATINGS
                    6.2.1.1 Capsule-based self-healing coatings
                    6.2.1.2 Vascular network self-healing coatings
                    6.2.1.3 Dissolved healing agent coatings
                                TABLE 17 EXTRINSIC SELF-HEALING COATINGS MARKET SIZE, BY REGION, 2021–2028 (USD MILLION)
    6.3 INTRINSIC 
           6.3.1 EUROPE TO BE FASTEST-GROWING MARKET FOR INTRINSIC SELF-HEALING COATINGS
                    6.3.1.1 Reversible polymer networks self-healing coatings
                    6.3.1.2 Thermoplastic/thermoset blends self-healing coatings
                                TABLE 18 INTRINSIC SELF-HEALING COATINGS MARKET SIZE, BY REGION, 2021–2028 (USD MILLION)
 
7 SELF-HEALING COATINGS MARKET, BY END-USE INDUSTRY (Page No. - 84)
    7.1 INTRODUCTION 
          FIGURE 28 AUTOMOTIVE SEGMENT TO REGISTER HIGHEST CAGR IN SELF-HEALING COATINGS MARKET
          TABLE 19 SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
    7.2 BUILDING & CONSTRUCTION 
           7.2.1 SELF-HEALING COATINGS USED TO REDUCE MAINTENANCE COSTS IN BUILDING & CONSTRUCTION INDUSTRY
                    TABLE 20 SELF-HEALING COATINGS MARKET SIZE IN BUILDING & CONSTRUCTION, BY REGION, 2021–2028 (USD MILLION)
    7.3 AUTOMOTIVE 
           7.3.1 RESEARCH & DEVELOPMENT IN AUTOMOTIVE INDUSTRY TO BOOST DEMAND FOR SELF-HEALING COATINGS
                    TABLE 21 SELF-HEALING COATINGS MARKET SIZE IN AUTOMOTIVE, BY REGION, 2021–2028 (USD MILLION)
    7.4 AEROSPACE 
           7.4.1 INCREASING DEMAND FOR SELF-HEALING COATINGS TO PROTECT AIRCRAFT STRUCTURES
                    TABLE 22 SELF-HEALING COATINGS MARKET SIZE IN AEROSPACE, BY REGION, 2021–2028 (USD MILLION)
    7.5 MARINE 
           7.5.1 SELF-HEALING COATINGS OFFER GOOD MECHANICAL AND ANTIFOULING PROPERTIES IN MARINE APPLICATIONS
                    TABLE 23 SELF-HEALING COATINGS MARKET SIZE IN MARINE, BY REGION, 2021–2028 (USD MILLION)
           7.5.2 OTHERS
                    TABLE 24 SELF-HEALING COATINGS MARKET SIZE IN OTHER END-USE INDUSTRIES, BY REGION, 2021–2028 (USD MILLION)
 
8 SELF-HEALING COATINGS MARKET, BY REGION (Page No. - 91)
    8.1 INTRODUCTION 
          FIGURE 29 EUROPE TO BE FASTEST-GROWING SELF-HEALING COATINGS MARKET
          TABLE 25 SELF-HEALING COATINGS MARKET SIZE, BY REGION, 2021–2028 (USD MILLION)
    8.2 EUROPE 
           8.2.1 IMPACT OF RECESSION ON EUROPE
                    FIGURE 30 EUROPE: SELF-HEALING COATINGS MARKET SNAPSHOT
                    TABLE 26 EUROPE: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                    TABLE 27 EUROPE: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
                    TABLE 28 EUROPE: SELF-HEALING COATINGS MARKET SIZE, BY COUNTRY, 2021–2028 (USD MILLION)
           8.2.2 GERMANY
                    8.2.2.1 Adoption of new technologies in automotive industry to increase demand for self-healing coatings
                                TABLE 29 GERMANY: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                                TABLE 30 GERMANY: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.2.3 UK
                    8.2.3.1 Strong manufacturing sector to drive market for self-healing coatings
                                TABLE 31 UK: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                                TABLE 32 UK: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.2.4 FRANCE
                    8.2.4.1 Growing aerospace industry to boost self-healing coatings market
                                TABLE 33 FRANCE: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                                TABLE 34 FRANCE: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.2.5 ITALY
                    8.2.5.1 Growing automobile industry to drive demand for self-healing coatings
                                TABLE 35 ITALY: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                                TABLE 36 ITALY: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.2.6 SPAIN
                    8.2.6.1 Prominent automotive and transportation industry to drive demand
                                TABLE 37 SPAIN: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                                TABLE 38 SPAIN: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.2.7 TURKEY
                    8.2.7.1 Rapid urbanization and diversification of consumer goods to provide lucrative opportunities
                                TABLE 39 TURKEY: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                                TABLE 40 TURKEY: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.2.8 REST OF EUROPE
                    TABLE 41 REST OF EUROPE: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                    TABLE 42 REST OF EUROPE: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
    8.3 ASIA PACIFIC 
           8.3.1 IMPACT OF RECESSION ON ASIA PACIFIC
                    FIGURE 31 ASIA PACIFIC: SELF-HEALING COATINGS MARKET SNAPSHOT
                    TABLE 43 ASIA PACIFIC: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                    TABLE 44 ASIA PACIFIC: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
                    TABLE 45 ASIA PACIFIC: SELF-HEALING COATINGS MARKET SIZE, BY COUNTRY, 2021–2028 (USD MILLION)
           8.3.2 CHINA
                    8.3.2.1 High R&D expenditure to increase demand for self-healing coatings
                                TABLE 46 CHINA: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                                TABLE 47 CHINA: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.3.3 INDIA
                    8.3.3.1 Increasing modernization and technological developments to support self-healing coatings market
                                TABLE 48 INDIA: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                                TABLE 49 INDIA: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.3.4 JAPAN
                    8.3.4.1 Presence of well-established automotive industry to boost demand
                                TABLE 50 JAPAN: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                                TABLE 51 JAPAN: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.3.5 SOUTH KOREA
                    8.3.5.1 Consumer electronics to be major end user of self-healing coatings
                                TABLE 52 SOUTH KOREA: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                                TABLE 53 SOUTH KOREA: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.3.6 REST OF ASIA PACIFIC
                    TABLE 54 REST OF ASIA PACIFIC: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                    TABLE 55 REST OF ASIA PACIFIC: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
    8.4 NORTH AMERICA 
           8.4.1 IMPACT OF RECESSION ON NORTH AMERICA
                    FIGURE 32 NORTH AMERICA: SELF-HEALING COATINGS MARKET SNAPSHOT
                    TABLE 56 NORTH AMERICA: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                    TABLE 57 NORTH AMERICA: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
                    TABLE 58 NORTH AMERICA: SELF-HEALING COATINGS MARKET SIZE, BY COUNTRY, 2021–2028 (USD MILLION)
           8.4.2 US
                    8.4.2.1 Increasing demand from infrastructure & automotive industries to drive market
                                TABLE 59 US: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                                TABLE 60 US: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.4.3 CANADA
                    8.4.3.1 Growing investments in infrastructure and development projects to boost demand
                                TABLE 61 CANADA: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                                TABLE 62 CANADA: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.4.4 MEXICO
                    8.4.4.1 Increasing penetration of smart devices & electronics to fuel market growth
                                TABLE 63 MEXICO: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                                TABLE 64 MEXICO: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
    8.5 SOUTH AMERICA 
           8.5.1 IMPACT OF RECESSION ON SOUTH AMERICA
                    TABLE 65 SOUTH AMERICA: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                    TABLE 66 SOUTH AMERICA: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
                    TABLE 67 SOUTH AMERICA: SELF-HEALING COATINGS MARKET SIZE, BY COUNTRY, 2021–2028 (USD MILLION)
           8.5.2 BRAZIL
                    8.5.2.1 Growing population and improving infrastructure to support market growth
                                TABLE 68 BRAZIL: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                                TABLE 69 BRAZIL: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.5.3 REST OF SOUTH AMERICA
                    TABLE 70 REST OF SOUTH AMERICA: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                    TABLE 71 REST OF SOUTH AMERICA: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
    8.6 MIDDLE EAST & AFRICA 
           8.6.1 IMPACT OF RECESSION ON MIDDLE EAST
                    TABLE 72 MIDDLE EAST & AFRICA: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                    TABLE 73 MIDDLE EAST & AFRICA: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
                    TABLE 74 MIDDLE EAST & AFRICA: SELF-HEALING COATINGS MARKET SIZE, BY COUNTRY, 2021–2028 (USD MILLION)
           8.6.2 SAUDI ARABIA
                    8.6.2.1 Mega housing projects and oil & gas industry to boost demand for self-healing coatings
                                TABLE 75 SAUDI ARABIA: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                                TABLE 76 SAUDI ARABIA: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.6.3 UAE
                    8.6.3.1 Automotive industry to be significant driver of economic growth
                                TABLE 77 UAE: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                                TABLE 78 UAE: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
           8.6.4 REST OF MIDDLE EAST & AFRICA
                    TABLE 79 REST OF MIDDLE EAST & AFRICA: SELF-HEALING COATINGS MARKET SIZE, BY FORM, 2021–2028 (USD MILLION)
                    TABLE 80 REST OF MIDDLE EAST & AFRICA: SELF-HEALING COATINGS MARKET SIZE, BY END-USE INDUSTRY, 2021–2028 (USD MILLION)
 
9 COMPETITIVE LANDSCAPE (Page No. - 127)
    9.1 OVERVIEW 
          TABLE 81 OVERVIEW OF STRATEGIES ADOPTED BY KEY SELF-HEALING COATINGS PLAYERS (2017–2023)
    9.2 COMPETITIVE LEADERSHIP MAPPING, 2022 
           9.2.1 STARS
           9.2.2 EMERGING LEADERS
           9.2.3 PARTICIPANTS
           9.2.4 PERVASIVE PLAYERS
                    FIGURE 33 SELF-HEALING COATINGS MARKET: COMPETITIVE LEADERSHIP MAPPING, 2022
    9.3 STRENGTH OF PRODUCT PORTFOLIO 
          FIGURE 34 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN SELF-HEALING COATINGS MARKET
    9.4 COMPETITIVE BENCHMARKING 
          TABLE 82 COMPANY EVALUATION MATRIX: SELF-HEALING COATINGS
    9.5 MARKET SHARE ANALYSIS 
          FIGURE 35 MARKET SHARE, BY KEY PLAYER (2022)
          TABLE 83 SELF-HEALING COATINGS MARKET: DEGREE OF COMPETITION, 2022
    9.6 MARKET RANKING ANALYSIS 
          FIGURE 36 MARKET RANKING ANALYSIS, 2022
    9.7 REVENUE ANALYSIS 
          FIGURE 37 REVENUE ANALYSIS OF TOP FIVE PLAYERS, 2018–2022
    9.8 COMPETITIVE SCENARIO 
           9.8.1 MARKET EVALUATION FRAMEWORK
                    TABLE 84 STRATEGIC DEVELOPMENTS, BY COMPANY
                    TABLE 85 HIGHEST ADOPTED STRATEGIES
                    TABLE 86 NUMBER OF GROWTH STRATEGIES ADOPTED BY KEY COMPANIES
           9.8.2 MARKET EVALUATION MATRIX
                    TABLE 87 COMPANY INDUSTRY FOOTPRINT
                    TABLE 88 COMPANY REGION FOOTPRINT
                    TABLE 89 COMPANY OVERALL FOOTPRINT
    9.9 STRATEGIC DEVELOPMENTS 
          TABLE 90 SELF-HEALING COATINGS MARKET: PRODUCT LAUNCHES, 2017–2023
          TABLE 91 SELF-HEALING COATINGS MARKET: DEALS, 2017–2023
 
10 COMPANY PROFILES (Page No. - 138)
     10.1 MAJOR PLAYERS 
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*
             10.1.1 AUTONOMIC MATERIALS INC.
                        TABLE 92 AUTONOMIC MATERIALS INC: COMPANY OVERVIEW
                        TABLE 93 AUTONOMIC MATERIALS INC.: PRODUCT LAUNCHES
             10.1.2 AKZONOBEL N.V.
                        TABLE 94 AKZONOBEL N.V.: BUSINESS OVERVIEW
                        FIGURE 38 AKZONOBEL N.V.: COMPANY SNAPSHOT
             10.1.3 BASF SE
                        TABLE 95 BASF SE: BUSINESS OVERVIEW
                        FIGURE 39 BASF SE: COMPANY SNAPSHOT
             10.1.4 COVESTRO AG
                        TABLE 96 COVESTRO AG: COMPANY OVERVIEW
                        FIGURE 40 COVESTRO AG: COMPANY SNAPSHOT
             10.1.5 FEYNLAB INC.
                        TABLE 97 FEYNLAB INC.: COMPANY OVERVIEW
             10.1.6 GVD CORPORATION
                        TABLE 98 GVD CORPORATION: COMPANY OVERVIEW
             10.1.7 3M
                        TABLE 99 3M: COMPANY OVERVIEW
                        FIGURE 41 3M: COMPANY SNAPSHOT
             10.1.8 SHAWCOR LTD.
                        TABLE 100 SHAWCOR LTD.: COMPANY OVERVIEW
                        FIGURE 42 SHAWCOR LTD.: COMPANY SNAPSHOT
             10.1.9 WINN & COALES (DENSO) LTD.
                        TABLE 101 WINN & COALES (DENSO) LTD.: COMPANY OVERVIEW
                        TABLE 102 WINN & COALES (DENSO) LTD.: DEALS
             10.1.10 REVIVIFY CANADA, INC.
                        TABLE 103 REVIVIFY CANADA, INC.: COMPANY OVERVIEW
     10.2 OTHER PLAYERS 
             10.2.1 NATOCO CO., LTD.
             10.2.2 ADLER COATINGS GROUP
             10.2.3 EFFCO FINISHES & TECHNOLOGIES PVT LTD.
             10.2.4 NEI CORPORATION
             10.2.5 KRISHNA CONCHEM PRODUCTS PVT. LTD.
             10.2.6 ISHINE AUTO SPA LLC
 
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.
 
11 APPENDIX (Page No. - 163)
     11.1 DISCUSSION GUIDE 
     11.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     11.3 CUSTOMIZATION OPTIONS 
     11.4 RELATED REPORTS 
     11.5 AUTHOR DETAILS 

The study involved four major activities in estimating the current size of the self-healing coatings market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Secondary sources referred to for this research study include financial statements of companies offering self-healing coatings information from various trade, business, and professional associations. The secondary data was collected and analyzed to arrive at the overall size of the self-healing coatings market, which was validated by primary respondents.

Primary Research

Extensive primary research was conducted after obtaining information regarding the self-healing coatings market scenario through secondary research. Several primary interviews were conducted with market experts from both, the demand and supply sides across major countries of North America, Europe, Asia Pacific, the Middle East & Africa, and South America. Primary data was collected through questionnaires, emails, and telephonic interview. The primary sources from the supply side included various industry experts, such as Chief X Officers (CXOs), Vice Presidents (VPs), Directors, from business development, marketing, product development/innovation teams, and related key executives from self-healing coatings vendors; raw material suppliers; distributors; and key opinion leaders. Primary interviews were conducted to gather insights such as market statistics, data of revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped in understanding the various trends related to form, end-use, and region. Stakeholders from the demand side, such as CIOs, CTOs, and CSOs, and installation teams of the customer/end users who are using self-healing coatings were interviewed to understand the buyer’s perspective on the suppliers, products, component providers, and their current usage of self-healing coatings and future outlook of their business which will affect the overall market.

The Breakup of Primary Research:

Self-Healing Coatings Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

CoMPANY NAME

DESIGNATION

Autonomic Materials, Inc

Director

Covestro AG

Project Manager

AkzoNobel N.V.

Individual Industry Expert

BASF SE

Director

Market Size Estimation

The research methodology used to estimate the size of the self-healing coatings market includes the following details. The market sizing of the market was undertaken from the demand side. The market was upsized based on procurements and modernizations in the end-use industries at a regional level. Such procurements provide information on the demand aspects of self-healing coatings.

Global Self-Healing Coatings Market Size: Bottom-Up Approach

Self-Healing Coatings Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Global Self-Healing Coatings Market Size: Top-Down Approach

Self-Healing Coatings Market Size, and Share

Data Triangulation

After arriving at the overall size from the market size estimation process explained above, the total market was split into several segments and subsegments. The data triangulation and market breakdown procedures explained below were implemented, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for various market segments and subsegments. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.

Market Definition

Self-healing coatings are a type of coatings that repair their bulk integrity or functional properties without any external physical intervention. The autonomous healing ability is usually achieved by embedding extrinsic polymerizable healing agents in the coating. In this system healing agents are mostly stored in microcapsules and released when the coating is damaged, which then polymerizes to fill the damage or form a protective film that inhibits the electrochemical reactions occurring at the exposed metal substrate.

Key Stakeholders

  • End User
  • Raw Material Suppliers
  • Senior Management
  • Procurement Department

Report Objectives

  • To define, describe, segment, and forecast the size of the self-healing coatings market based on form, end-use, and region.
  • To forecast the market size of segments with respect to various regions, including North America, Europe, Asia Pacific, South America, Middle East & Africa, along with major countries in each region
  • To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the self-healing coatings market
  • To analyze technological advancements and product launches in the market
  • To strategically analyze micro markets, with respect to their growth trends, prospects, and their contribution to the market
  • To identify financial positions, key products, and key developments of leading companies in the market
  • To provide a detailed competitive landscape of the market, along with market share analysis
  • To provide a comprehensive analysis of business and corporate strategies adopted by the key players in the market
  • To strategically profile key players in the market and comprehensively analyze their core competencies

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

  • Additional country-level analysis of the self-healing coatings market
  • Profiling of additional market players (up to 5)

Product Analysis

  • Product matrix, which provides a detailed comparison of the product portfolio of each company in the self-healing coatings Market
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Published ON
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