The growing demand for self-healing materials market size in the automobile sector is expected to enable speedy expansion of the market, states Fortune Business Insights, in a report, titled “Self-Healing Materials Market Size, Share & Industry Analysis, By Type (Coatings, Polymers, Asphalt, Fiber-Reinforced Composites, Ceramic, Metal), By Application (Energy Generation, Building & Construction, Automotive & Transportation, Electronics & Semiconductors, Medical, Others), By Technology (Reversible Polymers, Microencapsulation, Shape Memory Materials, Biological Material Systems, Others) and Regional Forecast, 2021-2028.” The growing use of elastomers and polymers is expected to foster the healthy growth of the maRegional Analysis:
Accelerating Pharmaceutical Industry to Encourage Growth in Europe
The market in Europe is expected to experience high growth during the forecast period owing to the rising demand from the UK, Germany, France, Italy, Spain. The elevating pharmaceutical industry in Europe coupled with rapid business developments are factors expected to aid growth in the region. The increasing application in the existing automotive and transport sector is expected to further bolster the healthy growth of the market in Europe. North America is the second-largest consumer of self-healing products. The growth in the region is attributed to the strong demand from the domestic sector and manufacturing base. The government initiatives to improve infrastructure is expected to spur business opportunities for the market. The market in Asia Pacific is expected to witness rapid growth due to the improving construction industry. The increasing per capita income, urbanization, and a large population can further encourage growth in the region.
Key Development:
April 2019: Arkema announced the 30 percent capacity extension of its photocure liquid resin development plant in Nansha, China.
The Report Lists the Key Companies in the Self-Healing Materials Market:
- AkzoNobel N.V.
- Arkema SA
- Autonomic Materials Inc.
- Avecom N.V.
- BASF SE
- Covestro AG
- Critical Materials S.A.
- I. Du Pont De Nemours
- Company
- Evonik Industries
- Sensor Coating Systems Ltd.
Browse In-depth Summary of This Research Insight@ https://www.fortunebusinessinsights.com/self-healing-materials-market-102947
