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Some of the major players operating in the market are:
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
U.S. self-healing materials industry recorded USD 0.6 billion in 2022 and is expected to witness appreciable growth from 2023-2032 owing to the rising need for repairing and maintaining aging infrastructure in the region.
Self-healing materials industry from the polymers product segment reached USD 0.9 billion in 2022 and will incur significant growth from 2023-2032 on account of its widespread usage in coatings, composites, and flexible materials.
Acciona S.A., Akzo Nobel N.V., Applied Thin Films Inc., Autonomic Materials, Inc., Avecom N.V., Covestro AG, Critical Materials S.A., and Devan Chemicals NV are some of the major self-healing material companies worldwide.
Market size for self-healing materials was USD 1.98 billion in 2023 and will reach USD 13.8 billion by 2032 due to increasing application in construction and civil engineering projects, to enhance the durability and longevity of infrastructure.