PUNE, India, March 9, 2017 /PRNewswire/ --
The report "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", published by MarketsandMarkets, The market was valued at USD 49.8 Million in 2015 and is projected to reach USD 2,447.7 Million by 2021, at a CAGR of 95.0% between 2016 and 2021.
Browse 54 market data Tables and 54 Figures spread through 130 Pages and in-depth TOC on "Self-Healing Materials Market"
Early buyers will receive 10% customization on this report.
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 application of self-healing materials has increased in building & construction and transportation industries in Europe and North America, owing to the growing awareness about the benefits of self-healing materials in these regions.
Ask for PDF of the Report at http://www.marketsandmarkets.com/pdfdownload.asp?id=46412119
Extrinsic segment estimated to be a larger form type segment of the market in terms of value
The capsule-based subsegment is estimated to be a larger segment of the extrinsic Self-Healing Materials Market, in terms of value. This method relies on the release of an encapsulated healing agent into the damage zone, and is generally a once-off process as the functionality of the encapsulated healing agent cannot be restored. The scaling up from pilot scale to industrial scale production of self-healing materials in Europe is expected to lead to increased demand for self-healing materials, especially in the building & construction and transportation industries. Vascular systems are relatively less explored and are therefore costlier than the capsule-based systems.
The asphalt segment, based on material type, is expected to register the highest growth during the forecast period
Three ways are being explored to make aged asphalt 'softer' and prevent or close as many microcracks as possible. In the first approach, oil-containing capsules made of porous sand are embedded in a binder. When a microcrack in bitumen develops and enters a capsule, the oil flows into the crack and partly fills the crack. The asphalt is rejuvenated by the diffusion of bitumen and oil, decreasing the stiffness of the bituminous binder. In the second approach, conductive fibers like steel wool are incorporated into bitumen. Bitumen melts by the heat generated by electric currents in these fibers, induced by an alternating magnetic field by a coil placed above the asphalt, resulting in crack closure and restoring the material properties. The principle of the induction heating approach has already been proven. To increase the conductivity, electrically-conducting fibers appear to be much more efficient than non-fibrous fillers.
Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=46412119
Self-healing materials market in Rest of the World (RoW) is estimated to witness growth during the forecast period
Europe is the largest market for self-healing materials, in terms of value, followed by North America and Asia-Pacific. The U.S., Germany, China and Japan are the largest consumers of self-healing materials. The demand for self-healing materials in applications, such as concrete and coatings is high in RoW. Rising awareness about the benefits of self-healing materials has resulted in this high demand for self-healing materials in RoW countries, such as South Africa, Saudi Arabia, Brazil and Argentina.
Key players in the self-healing materials market 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.).
Browse Related Reports:
Protective Coating Resins Market by type (Epoxy, Alkyd, Acrylic, Polyurethane), Formulation (Solvent-borne, Water-borne, and Powder), End-use industry (Industrial, Oil & gas, Marine, Automotive, Mining) and Region - Global Forecast to 2021
Microspheres Market by Type (Hollow and Solid), Raw Material (Glass, Ceramic, Fly Ash, Polymer, and Metallic), Application (Construction Composites, Medical Technology, Cosmetics & Personal Care, Automotive, Oil & Gas, and Others) - Global Trends & Forecasts to 2021
Subscribe Reports from Chemicals & Materials Domain: http://www.marketsandmarkets.com/Knowledgestore.asp
MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.
M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
701 Pike Street
Suite 2175, Seattle,
WA 98101, United States
Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets