The global self-healing materials market size is projected to reach USD 2,447.7 million by 2021, at a CAGR of 95.0% from 2016 to 2021. Government policy shifts focus towards legislations mandating longer service guarantees, knowledge transfer and closer collaboration at early stage development, self-healing materials yield long-term financial benefits compared to traditional materials, and increasing demand in the Europe region are fueling the growth of the self-healing materials market, globally.
Research and development is the most widely used strategy by the key players to strengthen their market presence and reach, especially in regions such as Europe and North America. These market players also concentrate on increasing their knowledge base and developing cost-effective technologies. They are investing to upgrade their units for the enhanced production of self-healing materials. All these developments meet the increasing demand for self-healing materials from a variety of applications, such as concrete and coatings.
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In February 2008, Arkema SA (France) announced the joint development with Paris Ecole Superieure de Physique et Chimie Industrielles (ESPCI) Matiere Molle et Chimie Laboratory of a self-healing rubber based on the concept of supramolecular chemistry. Arkema began the industrial production in 2009 of the first high-performance materials derived from this chemistry. Arkema has developed a comprehensive range of products with self-repairing characteristics tailored to several applications. The Reverlink range comprises of ten grades of supramolecular elastomers featuring optimum self-healing characteristics, products for traditional polymer modification, and various specialty additives. The self-healing elastomer technology offers opportunities wherever an elastomer (rubber) part is likely to suffer damage from micro-cracks or deep grooves. Many industrial applications are being explored by Arkema: conveyor belts, sealing joints, impact protection, insulation and shock-absorbing layers, industrial gloves, anti-corrosion coatings for metal, and formulation additives for adhesives, bitumen, organic binders, paints, varnishes, pastes and sealants.
Autonomic Materials, Inc. (U.S.) offers innovative self-healing technologies that extend coating lifetimes, minimizing upkeep and repair. It holds the exclusive license to an extensive suite of intellectual property generated by the AMS group within the University of Illinois. Autonomic Materials is working in partnership with coatings producers and major coatings consumers to make self-healing coatings a practical reality by addressing the large market need for improved resistance to corrosion. AMI’s technology will afford better protection to high-value installations/products, which are exposed to challenging environmental conditions. Their systems are engineered to lengthen coating lifetimes, thereby reducing the costs (principally labor) and disruption associated with the recoating of surfaces.
Self-Healing Materials Market by Form (Extrinsic, Intrinsic), Material Type (Concrete, Coatings, Polymers, Asphalt, Ceramic, Metals), End-Use Industry (Building & Construction, Transportation, Mobile Devices), and Region - Global Forecast to 2021
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