Self-Healing Materials Market Rising at 95% CAGR to Reach USD 2,447.7 Million by 2021

The global self-healing materials market is projected to reach USD 2,447.7 million by 2021, at a CAGR of 95.0% from 2016 to 2021 while the extrinsic segment is expected to witness higher growth during the forecast period.

Pune, India - March 10, 2017 /MarketersMedia/ —

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. Building & construction is one of the major end-use industries for self-healing materials in emerging as well as developed economies. Self-healing materials are largely used in concrete. Rising awareness regarding the benefits of self-healing materials is also expected to fuel the demand for these materials. Self-healing materials are currently very expensive as compared to conventional materials. This may restrain the growth of the market in near future.

Complete report on self-healing materials market spread across 130 pages, profiling 14 companies and supported with 53 tables and 54 figures is now available at http://www.rnrmarketresearch.com/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-r-st-to-2021-market-report.html .

The widest adoption of self-healing materials has been in the building & construction end-use industry, where high material performances are increasingly required and where the use of self-healing material has resulted in several benefits. Self-healing materials reused for wear protection of structural components. The use of self-healing materials helps increase the lifetime of structures, resulting in reduced material repair costs.

The key players profiled in the 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.). Order a copy of 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 research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=915212 .

The extrinsic self-healing materials segment is expected to witness a higher growth than intrinsic systems, as unlike intrinsic systems, extrinsic systems can achieve healing efficiencies over 100% even when the damage is large.

In South Africa, Saudi Arabia, and to a lesser extent, Brazil, rising awareness about the benefits of self-healing materials hassled to the increased adoption across various end-use

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