Global Smart Surfaces Of Self-Healing Materials Market - Forecast(2023 - 2028)

Global Smart Surface of Self-Healing Materials Market Overview

Global smart surface of self-healing materials market size is estimated to reach US$170.3 million by 2027, after growing at a CAGR of 9.5% from 2022-2027. Smart surface is a technological approach which enables self-healing materials like elastomers, concrete and asphalts to self-enhances their functionality in response to changes in the ambient environment. It consists of nanofibers and biomimetics which increases rate of self-healing, elasticity and also increase strength of the materials. Smart surface self-healing materials have major applicability in end users like automotive, construction and aerospace sector. Factors like growing construction activities, infrastructure development, high consumption of automotive and increase in aircraft production on account of growing strength of air passenger are driving the growth of global smart surface of self-healing materials market. However, the costly nature of some smart surface self-healing materials like self-healing concrete can restrict its usage in construction sector, which can hamper the growth of global smart surface of self-healing materials industry.

COVID-19 Impact

Smart surface technology applied on self-healing materials act as a censor for them and increase their mechanical and repairing strength. Such materials have high applicability in sectors like automotive, construction, and aerospace. Hence, the COVID-19 pandemic has decreased the productivity of these sectors which has negatively impacted the demand for smart surface self-healing materials. For instance, as per the International Organization of Motor Vehicle Manufacturing, in 2020 there was a 16% global decline in vehicles production. Also, as per, International Construction and Infrastructure Surveys, the construction and infrastructure activities across all regions went down in Q1 of 2020 with China in the Asia-Pacific region having the sharpest workload contraction. Further, as per the 2021 report of the General Aviation Manufacturers Association, the Global business jet deliveries declined 20.4% to 644 aircraft in 2020 due to the COVID-19 pandemic. Self-healing elastomers is used in construction sector for weather stripping & roofing membrane, while self-healing ceramic containing nanofiber is used for automotive exteriors coating and in turbine blades of aircrafts. The decrease in productivity of these sectors negatively impacted the growth global smart surface of self-healing materials industry.

Report Coverage

The report: “Global Smart Surface of Self-Healing Materials Market Report – Forecast (2022 – 2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Global Smart Surface of Self-Healing Materials Industry

Key Takeaways

• North-America dominates the global smart surface of self-healing materials industry, owning to the growth in major sectors like construction, aerospace and automotive which are major users of innovative self-healing materials.
• Smart surface technologies also have high applicability in marine sector as it provides anti-fouling coating and drag reducing coatings for ships which reduces the wear and tear of metals
• Smart surfaces describe any material surface that re-arranges its electronic, biological and chemicals functions in response to changes in the environment so as to create energy, measure environmental variables and protect against corrosion

Figure: North America Smart Surface of Self-Healing Materials Market Revenue, 2021-2027 (US$ Million)

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Global Smart Surface of Self-Healing Materials Market Segment Analysis – By Type

Polymers held a significant share in global smart surface of self-healing materials market in 2021, with a share of over 25.0%. Self-healing polymers like polyester resin which contains dicyclopentadiene, is used in construction sector for kitchen & bathroom walls, in aerospace sectors for interior parts, while it provides scratch resistance coating for automotive. The rapid development in these sectors has increased their scale of productivity. For instance, as per European Automobile Manufacturers Association, the production and registration of passenger cars in the EU increased by 53.4% in 2021 with strong volume seen in Spain, France, and Germany. Also, in 2019, National Development and Reform Commission of China approved 26 infrastructure projects estimated to be completed by 2023. Further, in 2021 Airbus increased the production rate of A320 Family aircraft from 43 aircraft in Q3 to 45 in Q4 in the production plant in France, Germany, and Toulouse. Smart surface are the censors applied to self-healing polymers and enhances its functionality in response to changes in ambient environment. The increase in productivity of these, sectors will lead increase the demand for smart surface self-healing polymers, hence boosting the growth of global smart surface of self-healing materials industry.

Global Smart Surface of Self-Healing Materials Market Segment Analysis – By End User

Construction sector held a significant share in global smart surface of self-healing materials market in 2021, with a share of over 22%. Smart surface increases the ability of active building materials like self-healing concrete and elastomers to respond to changes in their condition or environment to which they are exposed. The rapid development in the construction sector in countries has increased the scale of construction activities and the undertaking of new infrastructure projects. For instance, as per European Union, in December 2021, construction of building increased by 4.6% and civil engineering by 3.3% compared to 2020. Also, in 2019 a total of US$ 102.3 billion worth of projects were processed across all GCC countries, compared to US$ 101.8 billion in 2018. Such increase in the construction and infrastructure development activities will lead to more usage of smart surface self-healing materials for durability and high strength. This will positively impact the growth of global smart surface of self-healing materials industry.

Global Smart Surface of Self-Healing Materials Market Segment Analysis – By Geography

North-America held the largest share in global smart surface of self-healing materials market in 2021, with a share of over 35%. The region consists of major economies like US, which consist of major users of smart surface self-healing materials like construction, automotive, and aerospace. Self-healing elastomers is used in roof and wall covering, self-healing ceramic coatings containing nanofiber is used for automotive exteriors and in turbine blades of aircrafts. The growing economic development in the country has increased its industrial productivity. For instance, as per U.S Census Bureau, construction activities in the U.S increased steadily, with residential construction showing an increase of 4.1% in November, up by 1% from 2020 same month. Also, as per US Bureau of Economic Analysis, in January 2021, the domestic automobile production in US was 1.8 million units compared to 1.45 million in March 2020, showing an increase of 24%. Further, in 2021, Boeing delivered 79 commercial aircraft in the second quarter compared to 20 deliveries in 2020, showing an increase of 79%. Such increase in productivity in these sectors will lead to more usage of smart surface self-healing materials, thereby positively impacting the growth of global smart surface of self-healing materials industry.

Global Smart Surface of Self-Healing Materials Market Drivers

Growing Construction Activities

Self-healing materials such as elastomers and polymers like polyester resin are majorly used in construction sector as the materials have high thermal & heat stability. Polyester resin containing dicyclopentadiene is used in kitchen, washrooms and others areas that requires washable low maintenance walls, while elastomers are used in roof membrane, waterproofing, window & weather seals. Smart surfaces technology like microencapsulation, enable such materials to fill any cracks, chips, scratches. The development in economies, rapid urbanization, and various infrastructural projects undertaken by countries have increased the scale of construction activity. For instance, in preparation for the 2021 Expo, Dubai awarded about 47 construction contracts with a total value of US$ 3 billion to local and foreign companies. In 2019 National Development and Reform Commission of China approved 26 infrastructure projects estimated to be completed by 2023. Also, in 2021, Oman’s Ministry of Housing and Urban Planning five new integrated projects that would provide 4800 housing units. Such increase in construction activities will positively impact the demand of self-healing materials in construction sector, thereby leading to more usage of smart surface technologies in them. This will boost the growth of self-healing materials industry. 

High Demand for New Automotive

Smart surface has seen major applicability in automotive sector as when applied in self-healing material like ceramics, it acts as self-healing coating and maintain the quality finish of the cars’ exteriors. The increase in purchase capacity, improvement in living standards, and rapid urbanization have led to an increase in the demand for new automotive vehicles, thereby increasing their production volume. For instance, as per the International Organization of Motor Vehicle Manufacturing, in 2021, the global production volume was 80.1 million units showing an increase of 3% from 2020. Such increase in global automobile production level will positively impact the usage of self-healing ceramic coatings in automotive sector, resulting in more usage of smart surfaces in self-healing materials like ceramics. This will have positive impact on growth of global smart surface of self-healing materials industry

Global Smart Surface of Self-Healing Materials Market Challenges

High Price of Self-Healing Materials

The high prices of self-healing materials are one of the biggest challenges in the self-healing materials market. The high quality of self-healing materials such as concrete and ceramics attracts high prices, which is not affordable by many small manufacturers and business and therefore pushes them to resort to cheaper alternatives. Hence, the high price of such self-healing materials will hamper the usage of smart surfaces on them, which will negatively impact the growth of global smart surface of self-healing materials industry. 

Global Smart Surface of Self-Healing Materials Industry Outlook

The companies to develop a strong regional presence and strengthen their market position, continuously engage in mergers and acquisitions. In global smart surface of self-healing materials market report, the global smart surface of self-healing materials top 10 companies are:

1. Clariant AG
2. 3M Company
3. Debiotech SA
4. Gentex Corporation
5. HZO Inc.
6. Nanoshine Ltd.
7. Evonik Industries
8. Sensor Coating System Ltd.
9. Slips Technologies Inc.
10. Covestro AG

Recent Developments

• In 2021, Formica Corporation launched FENNIX range of smart materials in India for interior design, and such materials has innovative features like anti-fingerprint surface, soft touch and thermal healing of superficial micro-scratches
• In 2021, HeiQ Materials Ag acquired China based Life Material Technology Limited, and such acquisition will diversify and innovate HeiQ product range and capabilities with a view to becoming a global leader in materials innovation
•  In 2021, E2IP acquired Serious Integrated Incorporated, and such acquisition will expand E2IP product portfolio of Human-Machine Interface and Smart Surface Solutions

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