HOME Research Insight Arkema SA (France) and Autonomic Materials, Inc. (U.S.) are the leading players in the Self-Healing Materials Market

Arkema SA (France) and Autonomic Materials, Inc. (U.S.) are the leading players in the Self-Healing Materials Market

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. The growth of the market can be attributed to the properties of self-healing materials that yield long-term financial benefits compared to traditional materials.

The self-healing materials market is expected to witness high growth between 2016 and 2021, in terms of value. The key companies profiled in this market report include Acciona S.A. (Spain), AkzoNobel N.V. (Netherlands), Applied Thin Films, Inc. (U.S.), Arkema SA (France), Autonomic Materials Inc. (U.S.), Avecom N.V. (Belgium), BASF SE (Germany), Covestro AG (Germany), Critical Materials S.A. (Portugal), Devan Chemicals (Portugal), E.I. Du Pont De Nemours and Company (U.S.), Evonik Industries (Germany), Sensor Coating Systems Ltd. (U.K.), and Slips Technologies, Inc. (U.S.).

Research and development was a key strategy adopted by market players to strengthen their market presence and expand their reach. Companies also concentrated on increasing their knowledge base and developing cost-effective technologies by upgrading their facilities for the enhanced production of self-healing materials. This has helped companies meet the increasing demand for self-healing materials from a variety of applications, such as concrete and coatings. Key end user industries of self-healing materials include automotive, aerospace, and building & construction.

In February 2008, Arkema SA (France) announced the joint development of a self-healing rubber based on the concept of supramolecular chemistry in collaboration with Paris Ecole Superieure de Physique et Chimie Industrielles (ESPCI) Matiere Molle et Chimie Laboratory. Arkema began the industrial production of the first high-performance materials derived from supramolecular chemistry in 2009. Arkema 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 use of self-healing materials in products, such as 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 is being explored by Arkema.

Autonomic Materials, Inc. (U.S.) offers innovative self-healing technologies that extend coating lifetimes, minimizing upkeep and repair. Autonomic Materials is working in partnership with coating producers and major coatings consumers to make self-healing coatings a practical reality by addressing the market need for improved resistance to corrosion. The product manufactured by the company are expected to offer better protection to high-value installations/products, which are exposed to challenging environmental conditions.

Related Reports:

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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