Dublin, Feb. 19, 2024 (GLOBE NEWSWIRE) -- The "Europe Self-Healing Material Market, Competition, Forecast & Opportunities, 2018-2028" report has been added to ResearchAndMarkets.com's offering.
The Europe Self-Healing Material Market was valued at USD 526.48 Million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 9.00% and is expected to reach USD 869.93 Million by 2028. Self-healing materials are artificially created or synthetically engineered substances with the innate ability to autonomously repair damage without external diagnosis or human involvement. These materials mimic the inherent healing abilities observed in living organisms, restoring functionality after injury. Self-healing materials hold great potential for a wide range of applications in various industries, including aerospace, automotive, civil engineering, biomedical, and electronics. They can be found in various forms, including polymers, metals, ceramics, concrete, and coatings. As a result, the increasing adoption of self-healing materials is a significant driver of growth in the Europe Self-Healing Material Market throughout the forecast period.
Key Market Drivers
- Increasing Demand from Building & Construction Industry
- Encouraging Government Policies and Initiatives
- Improving Demand of Self-healing Material in Transportation Sector
Key Market Challenges
- High Cost of Self-Healing Material
- Scalability of Self-Healing Material
Report Scope:
In this report, the Europe Self-Healing Material Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Europe Self-Healing Material Market, By Form:
- Extrinsic
- Intrinsic
Europe Self-Healing Material Market, By Material Type:
- Polymers
- Concrete
- Coatings
- Others
Europe Self-Healing Material Market, By End Use:
- Building & Construction
- Mobile Devices
- Transportation
- Others
Europe Self-Healing Material Market, By Country:
- Germany
- France
- United Kingdom
- Russia
- Italy
- Spain
- Netherlands
- Switzerland
- Sweden
- Denmark
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Europe Self-Healing Material Market.
A selection of companies mentioned in this report includes
- BASF SE
- Wacker Chemie AG
- Covestro AG
- CompPair Technologies Ltd.
- Green-Basilisk BV
For more information about this report visit https://www.researchandmarkets.com/r/yew0w6
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