North America Self-Healing Materials Market to Grow with a CAGR of 9.85 % through 2028
Growing
demand from transportation & construction sector are the major driver of
the North America Self-Healing Material Market in the forecast period 2024-2028
According to
TechSci Research report, “North America Self-Healing Materials Market - By
Country, Competition, Forecast and Opportunities, 2018-2028”, North America Self-Healing
Materials Market Size is USD 431.27 million in 2022 and is anticipated to
increase at a CAGR of 9.85%. Self-healing materials are artificially created substances with the
innate ability to automatically repair themselves without requiring external
diagnosis or human intervention. These materials encompass polymers, metals,
ceramics, and their composites, which, when subjected to operational damage,
can fully or partially regain their original set of properties. In recent
years, researchers have made significant strides in the field of biomedicals to
enhance treatment feasibility. In the realm of dental treatment, numerous
studies have identified nanocomposite materials infused with treatment
substances as a more viable and cost-effective alternative. For example,
hydroxyapatite nanoparticles can readily integrate into tooth tubules.
Possessing a composition akin to that of teeth and bones, these biocompatible
nanomaterials adhere to tooth enamel, forming a protective coating that mimics
natural enamel. Moreover, they address periodontal deficiencies. Nanocomposite
materials expand the surface area, facilitating the delivery of active
substances to living cells while swiftly adhering to tooth surfaces, including
dentin and cementum.
Furthermore,
soft self-healing gels and nanocomposites have found applications in product
engineering, encompassing coatings, sensors, actuators, and soft robotics. They
have also made inroads in the biomedical field, contributing to drug delivery,
adhesive formulations, tissue engineering, and wound healing solutions. These
versatile applications span across various industries, including aerospace,
biomedical, civil engineering, and electronics. This diverse range of potential
uses propels the growth of the United States Self-Healing Material Market
throughout the forecast period.
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Moreover, self-healing
materials offer a multitude of prospective applications across diverse domains,
including aerospace, automotive, civil engineering, biomedical, and
electronics. Examples of self-healing materials encompass polymers, metals,
ceramics, concrete, and coatings. Consequently, the escalating utilization of
self-healing materials plays a pivotal role in fostering growth within the market
throughout the forecast period.
The North
America Self-Healing Materials Market is segmented into form, material type,
end use, country distribution, and company
Based on the
category of form insights, the extrinsic segment is expected to register the
highest growth of 10.05% during the forecast period 2024-2028. The rising
prominence of extrinsic self-healing materials in North America can be credited
to their impressive ability to augment the longevity and robustness of various
critical infrastructure components such as roads, bridges, and buildings. This
holds particular importance in North America, where there is a growing demand
for sustainable and economically viable methods to maintain and refurbish aging
infrastructure. Moreover, the thriving aerospace and defense sector in the
region assumes a pivotal role in driving the adoption and growth of extrinsic
self-healing materials. Consequently, this sector's continued expansion
contributes significantly to the overall expansion of the North America
Self-Healing Material Market throughout the forecast period.
Based
on the material type, the polymer segment is expected to register the highest
growth of 10.33% during the forecast period 2024-2028. As 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 the end
use, the mobile devices segment is expected to register the highest growth of
10.14% during the forecast period, 2024-2028. This phenomenon can be attributed
to the surging global demand for smart devices, encompassing a wide range of
products such as smartphones, tablets, and laptops. As these mobile devices
continue to integrate into everyday life, there is an increasingly pressing
need to incorporate self-healing materials, aiming to bolster their durability
and extend their operational lifespans. The mobile device sector emerges as a
high-value market, characterized by consumers who are willing to invest in
devices that promise superior durability and extended lifecycles. Consequently,
this market represents an enticing opportunity for companies operating within
the self-healing materials industry. Consequently, companies are in a constant
quest for innovative solutions that enable them to differentiate themselves
from their competitors. Notably, industry leaders like Apple and Samsung have
embraced these materials, integrating them into their smart devices to elevate
their products to a premium status. This strategic move ultimately contributes
to heightened profitability. These noteworthy advancements play a significant
role in propelling the North America Self-Healing Material Market forward
throughout the anticipated period, as the demand for durable and long-lasting
smart devices continues to grow.
Based
on country, United States will witness fastest growth during the forecast
period, 2024-2028. This can be ascribed to the increasing demand, favourable
government policies, expanding research and development endeavours, substantial
market prospects, and the cost-effective advantages that self-healing materials
offer. Furthermore, the manufacturing processes of advanced technologies such
as aircraft, spacecraft, and satellites require the integration of materials
and technologies like self-healing materials to enhance the overall performance
of these products.
Major companies
operating in North America Self-Healing Materials Market are:
- Dow Inc.
- Huntsman International LLC
- NEI Corporation
- High Impact Technology, LLC
- Autonomic Materials Inc.
- Applied Thin Films Inc.
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“The market has
experienced substantial expansion in recent times, primarily propelled by the
heightened adoption of self-healing materials within the mobile sector. The
growing demand for smart devices, encompassing smartphones, tablets, and
laptops, has significantly contributed to this growth. Furthermore, the
increasing utilization of nanocomposite-based self-healing materials in the
building and construction sector has been a notable driver. These materials
exhibit the remarkable capability to promptly repair cracks, with their
self-healing processes facilitating swift treatment. Consequently, they find
application in concrete to bolster and prolong the lifespan of various
structures, including buildings and bridges creates a lucrative opportunity in
the market growth,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“North America
Self-Healing Materials Market, By Form (Extrinsic and Intrinsic), By Material
Type (Polymers, Concrete, Coatings, Others), By End Use (Building &
Construction, Mobile Devices, Transportation, Others), By Country, By Competition
Forecast &
Opportunities, 2018-2028F”, has
evaluated the future growth potential of North America Self-Healing Materials
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 North America Self-Healing
Materials Market.
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