China Self-healing Materials Market Size & Outlook
China self-healing materials market, 2018-2030 (US$M)
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China self-healing materials market highlights
- The China self-healing materials market generated a revenue of USD 258.2 million in 2023 and is expected to reach USD 1,625.4 million by 2030.
- The China market is expected to grow at a CAGR of 30.1% from 2024 to 2030.
- In terms of segment, coatings was the largest revenue generating product in 2023.
- Concrete is the most lucrative product segment registering the fastest growth during the forecast period.
Self-healing materials market data book summary
| Market revenue in 2023 | USD 258.2 million |
| Market revenue in 2030 | USD 1,625.4 million |
| Growth rate | 30.1% (CAGR from 2023 to 2030) |
| Largest segment | Coatings |
| Fastest growing segment | Concrete |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Concrete, Coatings, Polymers, Asphalt, Fiber-reinforced Composites, Ceramic, Metals |
| Key market players worldwide | Dow Inc, Covestro AG, Huntsman Corp, Michelin, Akzo Nobel NV, Evonik Industries AG, Basf SE, NEI Corporation, High Impact Technology, MacDermid Autotype |
Other key industry trends
- In terms of revenue, China accounted for 13.3% of the global self-healing materials market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China self-healing materials market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,625.4 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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China 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 28.31% in 2023. Horizon Databook has segmented the China 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.
Growing urbanization in China is one of the primary factors boosting the growth of construction sector, consequently driving the demand for self-healing materials for construction applications. China has undergone a massive urbanization process that has transformed the country over the past decade.
The urban population has surged from 170 million to 730 million in the last 30 years.The government implemented China’s New-Style Urbanization Plan 2014-2020 in order to manage the excessive growth in urban areas.
This plan aims to provide sustainable solutions for qualitative growth in urban areas through the development of smart and green buildings. This is expected to bolster the growth of self-healing materials market over the forecast period.
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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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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 country-level data and insights on the China self-healing materials market , including forecasts for subscribers. This country databook contains high-level insights into China self-healing materials market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China self-healing materials market size, by product, 2018-2030 (US$M)
China Self-healing Materials Market Outlook Share, 2023 & 2030 (US$M)
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