United States Self-Healing Material Market to Grow with a CAGR of 10.03% through 2028
Growing
demand from building & construction industry is the major driver of the
United States Self-Healing Material Market.
According
to TechSci Research report, “United States Self-Healing Material Market- By
Region, Competition, Forecast and Opportunities, 2018-2028”, United States Self-Healing
Material Market Size is anticipated to increase at a substantial rate in the
forecast period. A significant factor fueling the growth of United States Self-Healing
Material Market is the rising demand from building & construction industry.
Self-healing materials are artificial or synthetically created substances that
have the built-in ability to automatically repair damages to themselves without
any external diagnosis of the problem or human intervention. Self-healing
materials are polymers, metals, ceramics, and their composites that when
damaged by an operational use can fully or partially recover its original set
of properties. In recent years,
researchers have developed different kind of products and processes in the
field of biomedicals to make treatment more feasible. In dental treatment, many
researchers found nanocomposite material infused with treatment materials to be
more feasible and cost-effective alternative for dental treatment. For
instance, hydroxyapatite nanoparticles can easily incorporate into tooth
tubules. Comparable to the composition of tooth and bone, biocompatible
nanomaterial adheres to the tooth enamel, protects the tooth by forming a
coating of fake enamel around it, and corrects periodontal deficiencies.
Nanocomposite materials can increase surface area, bringing active substances
to living cells, then quickly attaching to the tooth and dentin/cementum
surface. Along with this, soft self-healing gels and nanocomposites find their
applications in product engineering such as coatings, sensors, actuators and
soft robotics, and in the bio-medical field, including drug delivery,
adhesives, tissue engineering and wound healing. These potential applications
are used in various fields such as aerospace, biomedical, civil engineering,
and electronics. which propels the growth of United States Self-Healing
Material Market in the forecast period.
Furthermore,
the market is being further stimulated by rising demand from transportation
sector, mobile devices, rising research and innovation regarding self-healing
material.
However,
the high cost of self-healing material can be attributed to several factors
includes such as pioneering self-healing technologies involves extensive
research, experimentation, and refinement, contributing to initial high costs,
many self-healing materials require specialized additives, nanoparticles, or
polymers, which can be expensive to source or synthesize, manufacturing
self-healing materials with precise properties often involves intricate
processes, leading to higher production costs, and scaling up production to
meet demand can introduce challenges and further inflate costs. slows down the
growth of United States Self-Healing Material Market. Also, the challenge of
scaling up these materials from the laboratory to real-world applications is a
complex endeavor that requires careful consideration of multiple factors further
slowdown the United States Self-Healing Material Market growth.
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the "United States Self-Healing Material Market"
United
States Self-Healing Material Market is segmented based
on material type, from, end use, and region.
Based
on material type, the market is divided into polymers, concrete, coatings, and others.
Polymers is expected to hold the largest market share in the forecast period
with 39.66% in 2023. Self-healing polymers have numerous advantages that make
them highly attractive for use in a wide range of applications. Their
versatility, durability, cost-effectiveness, ease of processing, environmental
friendliness, and potential for customization make them a highly sought-after
material.
Based
on form, the market is segmented into extrinsic and intrinsic. Extrinsic
segment is expected to hold the largest market share in the forecast period
with 71.10% in 2023. This can be ascribed due to their potential to increase
the toughness and longevity of various infrastructure, such as roads, bridges,
and buildings, extrinsic self-healing materials are becoming increasingly
popular in the region.
Based
on end use, the market is segmented into building & construction, mobile
devices, transportation, and others. Mobile devices segment is expected to hold
the largest market share in the forecast period with 25.75% in 2023. This can
be attributed to the growing demand for smart devices worldwide, such as
smartphones, tablets, and laptops. As mobile devices become more prevalent in
everyday life, there is a growing need for self-healing materials to improve
their durability and extend their lifespan.
Major companies operating in
the United States Self-Healing Material Market are:
·
Dow Inc.
·
Huntsman International LLC
·
NEI Corporation
·
High Impact Technology, LLC
·
Autonomic Materials Inc.
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“United States Self-Healing Material Market has seen
significant growth in recent years, driven by the increasing use of self-healing
material in the mobile sector as growing demand for smart devices such as
smartphones, tablets, and laptops. Moreover, increasing demand of nanocomposite
based self-healing material in the building & construction sector as these
materials include the potential to rapidly fix the cracks as the self-healing
process allows speedy treatment and used in concrete to strengthen and extend
the life of buildings, bridges, and other structures create huge prospects of market growth during
the forecast period” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
United States Self-Healing
Material Market, By Form (Extrinsic and Intrinsic), By Material Type (Polymers,
Concrete, Coatings, Others), By End Use (Building & Construction, Mobile
Devices, Transportation, Others), By Region and Competition, Forecast &
Opportunities, 2018-2028F, has evaluated the future growth potential of United
States Self-Healing Material Market and provides statistics & information
on market size, structure, and future market growth. The report intends to
provide cutting-edge market intelligence and help decision-makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in United
States Self-Healing Material Market.”
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