According to TechSci Research report, “United States Self-Healing Material Market- By Region, Competition, Forecast and Opportunities, 2018-2028”, The United States Self-Healing Material Market was valued at USD 322.98 Million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 10.03% through 2028. A significant factor fueling the growth of the United States Self-Healing Material Market is the rising demand from the 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 their 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 be incorporated 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, and 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 the United States Self-Healing Material Market in the forecast period.
Furthermore, the market is being further stimulated by rising demand from the 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 including pioneering self-healing technologies involve 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 the 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 slowing down the United States Self-Healing Material Market growth.
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United States Self-Healing Material Market is segmented based on material type, form, end-use, and region.
Based on material type, the market is divided into polymers, concrete, coatings, and others. Polymers are 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. The extrinsic segment is expected to hold the largest market share in the forecast period with 71.10% in 2023. This can be ascribed 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. The 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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“The 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 for nanocomposite-based self-healing materials in the building & construction sector as these materials include the potential to rapidly fix 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 make sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United States Self-Healing Material Market.”
Table of Content-United States Self-Healing Material Market
- Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
- Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
- Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
- Voice of Customer
- Impact of COVID-19 of United States Mycorrhizae Based Biofertilizers Market
- United States Self-Healing Materials Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Form (Extrinsic and Intrinsic)
6.2.2. By Material Type (Polymers, Concrete, Coatings, Others)
6.2.3. By End Use (Building & Construction, Mobile Devices, Transportation, Others)
6.2.4. By Region (Northeast, Midwest, West, South)
6.2.5. By Company (2022)
6.3. Market Map
6.3.1. By Form
6.3.2. By Material Type
6.3.3. By End Use
6.3.4. By Region
- Northeast United States Self-Healing Materials Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Form
7.2.2. By Material Type
7.2.3. By End Use