Global Self-healing Materials Market Size & Outlook
Global self-healing materials market, 2018-2030 (US$M)
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Global self-healing materials market highlights
- The global self-healing materials market generated a revenue of USD 1,945.3 million in 2023 and is expected to reach USD 8,859.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 24.2% by 2030.
- In terms of segment, coatings accounted for a revenue of USD 545.3 million in 2023.
- Concrete is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 1,945.3 million |
| Market revenue in 2030 | USD 8,859.1 million |
| Growth rate | 24.2% (CAGR from 2023 to 2030) |
| Largest segment | Coatings |
| Fastest growing segment | Concrete |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Concrete, Coatings, Polymers, Asphalt, Fiber-reinforced Composites, Ceramic, Metals |
Other key industry trends
- In terms of revenue, the North America accounted for 25.9% of the global self-healing materials market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 294.6 million by 2030.
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Self-healing Materials Market Scope
Self-healing Materials Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global self-healing materials market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to self-healing materials market will help companies and investors design strategic landscapes.
Coatings was the largest segment with a revenue share of 28.03% in 2023. Horizon Databook has segmented the Global self-healing materials market based on concrete, coatings, polymers, asphalt, fiber-reinforced composites, ceramic, metals covering the revenue growth of each sub-segment from 2018 to 2030.
One of the factors driving the demand for self-healing materials market in Asia Pacific is the growth of construction industry in the region. Despite economic turmoil in most of the rest of the regions of the world, the economic fundamentals in Asia remain robust, if slightly muted, compared to the recent past.
GDP growth is forecast to be around 7% per annum through the end of the decade, and Asia is expected to be the fastest-growing region in the world through 2020. Given some of the concerns in Asia's primary export markets, Western Europe and North America, future economic growth is expected to be led mostly by domestic demand. With diminished reliance on exports, countries will focus increasingly on trade and investment in their home markets.
This will be facilitated by relatively easy access to finance and a robust local labor market. Over the longer term, the trend will strengthen because domestic demand will be fueled further by the growing middle class and rising real income rates.
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Our clientele includes a mix of self-healing materials market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global self-healing materials market , including forecasts for subscribers. This global databook contains high-level insights into Global self-healing materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global self-healing materials market size, by regions, 2018-2030 (US$M)
Top 10 countries: Self-healing materials market size, 2023 (US$M)
Global self-healing materials market share, by product, 2023 & 2030 (%, US$M)
Self-healing materials market: Opportunity assessment by country
Global self-healing materials market, by region, 2023 (US$M)
| Product | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 164.8 | 242.7 | 267.6 | 347.7 | 446.3 | 566.2 | 710.0 | 880.6 | 1,080.6 | 1,312.7 | 1,579.0 | 1,881.8 | 2,222.7 | 21.6% |
| Europe | 177.7 | 259.1 | 283.1 | 364.5 | 463.5 | 582.6 | 723.9 | 889.5 | 1,081.5 | 1,301.7 | 1,551.5 | 1,831.9 | 2,143.8 | 20.5% |
| Asia Pacific | 136.2 | 213.1 | 249.6 | 344.4 | 469.6 | 632.8 | 843.1 | 1,110.7 | 1,447.9 | 1,868.5 | 2,387.5 | 3,022.6 | 3,792.7 | 29.2% |
| Latin America | 71.0 | 111.6 | 130.4 | 178.4 | 239.5 | 315.8 | 409.1 | 521.1 | 653.3 | 806.1 | 979.2 | 1,171.0 | 1,378.8 | 23.4% |
| MEA | 21.8 | 33.0 | 37.3 | 49.7 | 65.6 | 85.3 | 109.9 | 140.0 | 176.2 | 219.9 | 271.5 | 332.0 | 402.6 | 24.8% |
| Overall | 571.5 | 859.5 | 968.0 | 1,284.7 | 1,684.5 | 2,182.7 | 2,796.0 | 3,541.9 | 4,439.5 | 5,508.9 | 6,768.7 | 8,239.3 | 9,940.6 | 24.2% |
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