Report Code: A08220 | Pages: NA | Jul 2023 | 1087 Views | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Self-healing Material Market
Request Now !Self-healing material is artificially produced from hydroxyl end-functionalized polydimethylsiloxane (HOPDMS) and polydiethoxysiloxane (PDES). These substances exhibit self-healing properties without the exertion of any external force. Self-healing materials repair themselves and are high in demand due to their self-healing capacities that reduce the extra cost of maintenance. The self-healing process of these smart materials begins with responding to change in external stimuli such as light and temperature. Elastomers and polymers are the most used self-healing materials.
Automotive, electronics, construction are the major end users of the self-healing material. Emergence of pandemic has made all these industries non-operational as a part of nationwide lockdown in almost majority all of the countries around the world. Therefore, decline in demand has been witnessed for electronics products. Furthermore, automotive production has been halted along with discontinuation of new construction projects during the COVID-19 pandemic. As a result, adoption of self-healing material has been hampered to a significant level, and is expected to take another year to recover in terms of losses registered. Â Â
The growth of global self-healing material market is driven by beneficial properties associated with it such as weightlessness, enhanced chemical & physical stability, and processability, thus making this material highly demanded in various industries. In addition, increase in demand for advanced self-repairing polymers from various end-use industries and the capability of materials to fix damages caused due to mechanical friction boost the market growth. As a result, increase in adoption of self-healing material in building and construction, automotive, and electronics & electrical industries contributes toward the growth of the market, globally. Â
Most of the semiconductors and electronics market players, including Apple and Samsung have started using self-healing materials in products such as laptops, mobiles, desktops, and high-end cameras. Consistent rise in the sale of laptops & smartphones and innovation in their design are expected to increase the consumption rate of self-healing materials, thereby driving the market growth.
Self-healing materials are currently more expensive than conventional materials; thus, high cost of products is the key factor limiting the overall market growth. The factor is expected to challenge the future demand if the cost factor is controlled in the coming years.Â
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Self-healing Material Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | E.I. Du Pont De Nemours and Company, BASF SE, Autonomic Materials Inc., Evonik Industries Sensor Coating Systems Ltd., Covestro AG, Critical Materials S.A., Avecom N.V., AkzoNobel N.V., Arkema SA |
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