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Self-Healing Materials Market Size & Share to Surpass $6.75 Billion by 2030 | Vantage Market Research
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WASHINGTON, April 28, 2023 (GLOBE NEWSWIRE) — The Global Self-Healing Materials Market is valued at USD 1.4 Billion in 2022 and is projected to reach a value of USD 6.75 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 25.2% over the forecast period 2023-2030.
Market Overview
This is because of its many useful qualities, including high strength, little shrinkage and creep, longevity, and cost-effectiveness. The increased use of these products in the industry sector, especially automotive and aerospace, is the main driver of the expansion in self-healing material. Several businesses use these coatings, including those that manufacture gear, the automotive, oil and gas, marine, aeronautical, and consumer products sectors.
We forecast that the building and construction in self-healing materials market sales will account for more than 45% of total sales by 2030 due to the expansion of construction activities in China and India. Increasing socio-political pressure to construct cutting-edge structures and structures in developing nations in the Asia Pacific and Latin America is anticipated to accelerate the construction sector’s growth.
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Market Dynamics
Increase in Automotive & Transportation Sector will Increase to Support Market Expansion
The automotive and transportation industries have seen an increased demand for self-healing materials. Self-healing materials have been promoted to be used in electronic products such as mobile phones, laptops, and desktop computers by electronics conglomerates like Samsung and Apple, which is anticipated to increase consumption. When a car is cut or punctured, an exterior coating used by automotive OEMs activates a curing process. By repairing scratches mechanically, this coating lowers the need for regular servicing. This is expected to increase demand for innovative products in the ensuing years, creating attractive market prospects.
Increased Demand for Self-Healing Polymers in the Self-Healing Materials Industry Drives Market Growth
Self-healing polymer materials contribute to the lengthening of a product’s life cycle while improving the functionality of numerous items. The polymer replicates organic healing and heals itself when it sustains an injury, requiring no assistance from outside sources for either detection or repair. In the construction sector, it gives concrete strength and extends the life of structures like bridges, while in the electronics sector, it protects displays and panels from scratches.
Top Players in the Global Self-Healing Materials Market
- The Dow Chemical Company (U.S.)
- Covestro AG (Germany)
- High Impact Technology LLC (U.S.)
- Huntsman International LLC (U.S.)
- Michelin Group (France)
- McDermid Autotype Ltd (UK)
- Akzo Nobel N.V (Netherlands)
- Evonik Industries Corporation (Germany)
- BASF SE (Germany)
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Top Trends in the Global Self-Healing Materials Market
- One trend that Vantage Market Research (VMR) expects to see in the self-healing materials industry is the growing construction industry. The market for self-healing materials is estimated to benefit significantly from expanding the worldwide construction sector. Materials that can heal spontaneously without assistance from a third party are called self-healing materials. By lowering maintenance expenses and extending the lifespan of structures and infrastructure, these materials have the potential to transform the construction sector completely.
- Another trend that VMR predicts will continue in the self-healing materials industry is its increasing trend of reversible polymers and elastomers. Reversible polymers and elastomers technology are growing due to growing demands from the medical and healthcare sectors brought on by expanding the range of applications.
Top Report Findings
- Based on the Product, the concrete category controls most of the self-healing materials market’s revenue. This is linked to the rising demand in the construction sector for self-healing concrete, which can increase the strength and longevity of structures while lowering the frequency of servicing and repairs. Concrete capable of self-healing produces toxins, minerals, or other compounds that can seal gaps in the concrete, preventing water and other damaging elements from getting inside and inflicting more harm. By requiring fewer repairs and replacements, self-healing concrete can also help the construction industry minimize its carbon footprint.
- Based on Technology, the reversible polymers category controls most of the self-healing materials market’s revenue. Reversible polymers are becoming more common due to the expanding range of applications and increased demand from the medical infrastructure industry.
- Based on Application, most of the self-healing materials market’s revenue is controlled by the building & construction category. One of the biggest materials consumers is the building & construction industry, and as the world’s population rises, there will be an increase in demand for construction materials. There is an increasing demand for high-quality, long-lasting building materials that can endure the hardships and stresses of daily use as urbanization and public investment increase. When they become damaged, these materials may mend themselves, reducing the need for repairs and replacement and saving time and money.
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Recent Developments in the Global Self-Healing Materials Market
- In March 2021, advanced composite self-healing technology was introduced by Comp Pair Technologies Ltd., a corporation headquartered in Switzerland.
- In March 2020, the Goodyear Tire & Rubber Corporation unveiled their newest concept tire, dubbed Recharge. The tire can effectively assess its wear level and correct flaws using a liquid mixture of synthetic rubber enhanced with new fibres.
Reversible Polymers Category of the Technology Segment of the Self-Healing Materials Market Forecast to Generate a Considerable Amount of the Segment Revenue
For better understanding, based on the Technology, the Self-Healing Materials market is divided into Reversible Polymers, Microencapsulation, Shape Memory Materials, Biological Material System and Other Technologies.
The Reversible Polymers market was the largest market by Technology, and it is anticipated that it will continue to hold the top spot during the projected period. One of the primary causes pushing the use of self-healing materials in the construction and building industry is their rise in the non-residential construction sector because of their long-lasting qualities and high strength. The demand for self-healing materials in the construction and building sector is also fuelled by growing governmental and private expenditure in construction activities, particularly in emerging regions.
On the other hand, the Microencapsulation category is anticipated to grow significantly. The market for microencapsulated ingredients is expanding due to potential uses in the home services and medical sectors, increasing costs for medicinal and nutritional products, increasing demand for bioactive ingredients, rapid growth in the personal care sector, and rising research money for perpetual system performance.
Europe Region of the Global Self-Healing Materials Market Anticipated to Generate More a Good Proportion of the Global Revenue
The Europe region is anticipated to do so in the coming years. Developing novel, cutting-edge artificial organs and devices can use self-healing materials, which have enormous potential in the medical field. Self-healing polyesters, for instance, can be used to make implantable gadgets that can mend themselves if they get damaged, lowering the need for invasive procedures and improving patient outcomes. The potential of self-healing materials in the medical field can also be increased by using them in applications such as drug delivery systems and wound healing. Each of these self-healing materials factors positively impacts real economic growth.
The Asia Pacific region is expected to grow the fastest in the Self-Healing Materials market. The well-established North American building industry’s need for self-healing materials is rising. Self-healing concrete is gaining popularity in this area since it may lengthen the durability and longevity of buildings, lowering the frequency of repairs and maintenance. Self-healing materials are in increasing demand in the building business and other industries, including aerospace, automotive, and electronics. For instance, self-healing coatings and polymers can shield surfaces from harm and increase the lifespan of various goods and components.
Browse market data Tables and Figures spread through 141 Pages and in-depth TOC on Self-Healing Materials Market Forecast Report (2023-2030).
Global Self-Healing Materials Market Segmentation
By Product
- Concrete
- Coatings
- Polymers
- Asphalt
- Fibber-reinforced Composites
- Ceramic
- Metals
By Technology
- Reversible Polymers
- Microencapsulation
- Shape Memory Materials
- Biological Material Systems
- Other Technologies
By Application
- Energy Generation
- Building & Construction
- Automotive & Transportation
- Electronics & Semiconductors
- Medical (Implants & Devices)
- Other Applications
By Region
- North America
- United States
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Argentina
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of MEA
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Scope of the Report:
Report Attributes | Details |
Market Size in 2022 | USD 1.4 Billion |
Revenue Forecast by 2030 | USD 6.75 Billion |
CAGR | 25.2% from 2023 to 2030 |
Base Year | 2022 |
Forecast Year | 2023 to 2030 |
Key Players | The Dow Chemical Company, Covestro AG, High Impact Technology LLC, Huntsman International LLC, Michelin Group, McDermid Autotype Ltd., Akzo Nobel N.V., Evonik Industries Corporation, BASF SE |
Customization Options | Customized purchase options are available to meet any research needs. Explore customized purchase options https://www.vantagemarketresearch.com/selfhealing-materials-market-2100/request-sample |
Key Questions Answered in the Self-Healing Materials Market Report are:
- What are self-healing materials, and how do they work?
- What are the different types of self-healing materials, and what are their advantages and limitations?
- What are the major applications of self-healing materials, and what are the key industries that use them?
- What is the size of the global self-healing materials market, and what is its growth potential in the coming years?
- What are the key drivers and challenges for the growth of the self-healing materials market?
- Who are the major players in the self-healing materials market, and what are their strategies for growth and innovation?
- What are the emerging trends in the self-healing materials market, and how are they likely to shape the industry in the future?
- What are the regulatory and environmental factors affecting the self-healing materials market, and how are companies responding to them?
- What are the key regions and countries driving the growth of the self-healing materials market, and what are the factors contributing to their success?
- What are the future opportunities and challenges for the self-healing materials market, and how can companies position themselves for success?
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Glancing into Tomorrow at GITEX: e& UAE’S Vision for a Smarter, AI-powered Future
DUBAI, UAE, Oct. 14, 2024 /PRNewswire/ — As e& UAE prepares to make an impact at GITEX Global, the company’s momentum is undeniable. Fresh off the heels of being crowned ‘World’s Fastest 5G Network’ by Ookla, e& UAE is poised to showcase the cutting-edge innovations stemming from its state-of-the-art telco core.
e& UAE serves 5G to 12 million active users every day bringing to the forefront of global connectivity. “High-speed networks are crucial for connecting the dots between AI components, including transferring data and accessing cloud-based resources,” says Masood. “In essence, AI is a product of a sophisticated infrastructure that combines hardware, software, and networking to enable the development and deployment of intelligent systems,” Masood says.
For e& UAE, this means continually embracing AI as a key component of its innovation strategy. The company has a successful history of implementing AI solutions to drive productivity and enhance customer experiences, and, as Masood puts it, “AI is where we see the real potential for transformation.”
It’s with this vision in mind that e& UAE plans to make its mark at GITEX, showcasing its latest AI innovations and demonstrating its leadership in the digital landscape.
More than a telco: e& UAE’s digital leap
“AI is embedded across our operations, enabling smarter, faster decision-making and driving new efficiencies in business and customer service,” he says. e& UAE was a pioneer in adopting AI internally, but its true impact lies in delivering exceptional digital experiences to customers. A prime example is EASE, the world’s first autonomous telecom retail experience, launched at GITEX last year. Since then, e& UAE has rapidly expanded the reach and capabilities of this innovative concept, demonstrating its commitment to leveraging AI for customer-centric solutions.
The company is actively building its reputation as a digital leader, offering cutting-edge connectivity solutions powered by 5G and AI and IoT integrations. This strategic shift is at the heart of e& UAE’s participation at GITEX, where the company will showcase its innovative digital offerings and vision for the future.
GITEX spotlight
“We’re thrilled to be part of GITEX, an exciting showcase of the future where the world’s greatest minds come together to envision and shape the technology of a better tomorrow,” Masood says.
In addition to the latest smart home solutions and drone technology, its showcase will include advanced applications in AI, augmented reality, and 5G technology, reflecting its commitment to digital transformation. One of the standout features will be the Hologram Customer Service Avatar, which aims to provide an interactive customer experience. This avatar will utilise ultra-HD, intelligent capabilities to facilitate real-time interactions, allowing users to engage with services in a more immersive manner. The integration of 5G New Calling technology will further enhance user experience by offering visualised voice calling, real-time translation, and multimedia content during calls.
Continuing the tradition of announcing 5G milestones at previous GITEX events, e& UAE announced network speed upgrades including the fastest aggregated 5G-Advanced speed of 62Gbps. Demonstrating its commitment to 5G leadership, e& UAE will also highlight its achievement as the largest 5G-Advanced commercial network in the MENA region, with over 1,000 operational sites. This milestone marks the dawn of the 10G era, delivering unparalleled speeds and ultra-low latency that will redefine digital experiences. At GITEX, it will not only showcase its impressive technological advancements but also unveil strategic partnerships that align with its vision for a digital future. Building upon the success of its 5G private network deployment in the oil and gas sector with ADNOC, the company is now expanding its reach in more industries.
“The success of AI, IoT, and 5G depends on building an ecosystem of innovation. That means working closely with tech giants, startups, and government entities to ensure we’re building the right solutions for the future,” says Masood.
Making networks AI-ready
At the heart of e& UAE’s mission to pioneer the digital frontier in the UAE lies a firm commitment to high-speed connectivity. For example, 50G-PON, the next generation of high-speed connectivity, promises to revolutionise internet connectivity, delivering unprecedented capacity and considerably speeding things up for consumers and businesses.
“Our strategy is rooted in a profound belief that we can achieve more for the people and communities we serve—drive more growth, create more opportunities, and have a greater impact—infused with a passion for excellence. As we evolve beyond traditional telecom, we are enhancing our services and tailoring our offerings to meet the diverse needs of our customers.
The UAE’s global leadership in broadband and mobile speeds, as recognised by Ookla, is significantly attributed to the contributions of e& UAE. “We are part of the UAE fabric, and we stand with the country, helping to build a stronger, more connected society,” Masood concludes.
Contact details: Nancy Sudheer, Senior Manager at e&, [email protected]
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Artificial Intelligence
Security and Vulnerability Management Market worth $24.04 billion by 2030- Exclusive Report by MarketsandMarkets™
DELRAY BEACH, Fla., Oct. 14, 2024 /PRNewswire/ — The global Security and Vulnerability Management Market size is projected to grow from USD 16.51 billion in 2024 to USD 24.04 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 6.4% during the forecast period, according to new research report by MarketsandMarkets™.
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250 – Tables 50 – Figures300 – Pages
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Scope of the Report
Report Metrics
Details
Market size available for years
2018-2030
Base year considered
2023
Forecast period
2024–2030
Forecast units
Value (USD Billion)
Segments Covered
Component, Software, Services, Type, Target, Deployment Mode, Organization Size, Vertical, And Region
Geographies covered
North America, Europe, Asia Pacific, Middle East & Africa, Latin America
Companies covered
Major vendors in the global Security and vulnerability management Microsoft (US), AT&T (US), CrowdStrike (US), IBM (US), Tenable (US), Cisco (US), DXC Technology (US), Check Point Software Technologies (Israel), Rapid7 (US), Qualys (US), ManageEngine (US), RSI Security (US), Fortra (US), Ivanti (US), Tanium (US), Invicti (US), Outpost24 (Sweden), Skybox Security (US), Vulcan Cyber (Israel), SecPod (India), Balbix (US), Intruder (UK), Brinqa (US), Holm Security (Sweden), Nucleus Security (US), and NopSec (US)
High financial losses due to security breaches and the growing demand for real-time monitoring and continuous vulnerability assessment drive the Security and Vulnerability Management Market. Organizations are thus striving to minimize these financial risks and they demand for robust security and vulnerability management solutions to strengthen their security posture.
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Based on the offerings, the solutions segment accounts for the largest market size during the forecast period.
According to PT Security, 98% of web applications are vulnerable to attacks resulting in malware, redirection to malicious websites, and more. This rising complexity of such cyber risks has spurred the demand for comprehensive security and vulnerability management solutions. The shift to cloud computing and remote work has amplified the demand for adaptive security tools, with AI-driven analytics and automation strengthening their role in security and vulnerability management. Furthermore, providers such as Microsoft, IBM, Qualys, Tenable, Rapid7, and CrowdStrike offering advanced security and vulnerability management solutions also contribute to position solutions as the largest market segment during the forecast period.
By the organization size segment, the SME segment is expected to grow at the highest CAGR during the forecast period.
The SME segment is expected to grow at the highest rate in the Security and Vulnerability Management Market due to increasing digital transformation, which exposes these businesses to heightened cyber threats. Most SMEs lack the resources and expertise of larger organizations, thus becoming vulnerable to cyber-attacks. Growing regulatory compliance requirements and the affordability of effective security solutions drive SMEs to invest in robust protection measures. As awareness about security risks grows, SMEs focus more on security investments, fueling rapid growth in this market segment.
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By region, North America accounts for the largest market size during the forecast period.
North America is expected to hold the most significant Security and Vulnerability Management Market, driven by its advanced digital infrastructure and the increasing frequency of cyber threats. Cybersecurity technologies have a high adoption rate in the region, and many established vendors make it relatively easier for organizations to implement integrated security measures. Strict regulatory frameworks also make companies have stringent vulnerability management practices to comply with the regulatory requirements and strengthen their security posture. The rapid growth of cloud computing, IoT, and digital transformation agendas further propels the demand for advanced solutions, amplifying North America’s stronghold in this market.
Top Key Companies in Security and Vulnerability Management Market:
Microsoft (US), AT&T (US), CrowdStrike (US), IBM (US), Tenable (US), Cisco (US), DXC Technology (US), Check Point Software Technologies (Israel), Rapid7 (US), Qualys (US), ManageEngine (US), RSI Security (US), Fortra (US), Ivanti (US), Tanium (US), Invicti (US), Outpost24 (Sweden), Skybox Security (US), Vulcan Cyber (Israel), SecPod (India), Balbix (US), Intruder (UK), Brinqa (US), Holm Security (Sweden), Nucleus Security (US), and NopSec (US) are the key players and other players in the Security and Vulnerability Management Market.
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OpenCorporates Appoints tech-entrepreneur Wojtek Kokoszka as New CEO, Founder Chris Taggart to Step into strategic innovation role for Partnerships and New Opportunities
LONDON, Oct. 14, 2024 /PRNewswire/ — Following on from an exceptional 2024 performance, OpenCorporates, the world’s largest open database of legal entities, is excited to announce the appointment of Wojtek Kokoszka as its new Chief Executive Officer. Wojtek, a seasoned entrepreneur and co-founder of Zappi, the leading SaaS Consumer Insights platform, brings a wealth of experience in scaling high-growth businesses and innovation in data-driven industries, both in Europe and the US.
Wojtek joins OpenCorporates with the clear mission to scale the world’s authoritative source of legal-entity data. At Zappi, Wojtek played a pivotal role in growing the company to $100 million in revenue. Under his leadership, Zappi transformed into an industry-leading platform that revolutionized how global consumer brands harness data to derive actionable insights. His track record of driving performance, fostering innovation, and executing strategic vision makes him ideally suited to lead OpenCorporates into its next phase of fast growth.
Chris Taggart, co-founder and outgoing CEO of OpenCorporates, will take on a strategic role as Founder focused on opening up new markets and opportunities. Chris will bring his exceptional domain knowledge and heritage to reinforce OpenCorporates’ position as the world’s most authoritative source of legal entity data. His leadership and vision have been instrumental in building the company from its inception, and he will continue to guide its mission to make company data open, transparent, and accessible to all.
Wojtek Kokoszka, Incoming CEO of OpenCorporates, commented:”I’m thrilled to join OpenCorporates at such an exciting time in its journey. OpenCorporates has established itself as the trusted authority in its space, and I look forward to driving us forward. We are going to deliver ever more quickly on our mission to provide certainty and clarity through our open, reliable, and transparent legal-entity data. I look forward to building on the very strong foundation created by Chris and the team, scaling our operations, and driving innovation to serve the ever-growing demand for high-quality, trustworthy data across public and private sector organisations.”
Chris Taggart, Founder of OpenCorporates, added:”In Wojtek Kokoszka, we have found a leader who will take OpenCorporates to new heights. His expertise in scaling businesses and operational excellence makes him the ideal choice for this role. This also frees me to focus on our strategic vision and work alongside him to explore new markets and ensure OpenCorporates remains at the forefront of corporate transparency. Legal entities are at the heart of the modern world – and as we move into a world of digitalized commerce and AI-generated uncertainty, OpenCorporates will be there to provide the trusted foundational data the world needs.”
About OpenCorporatesOpenCorporates is a certified B Corp, revolutionizing access to company data. It has built the world’s largest open database of companies, and is trusted by regulators, financial institutions, investigative journalists, and businesses for its unparalleled breadth of data, covering over 200 million companies across 140+ jurisdictions, including the entirety of the USA. This leadership transition marks an important milestone as the company continues to scale, innovate, and drive positive change by promoting transparency in the corporate world.
For more information, please contact:
Press Contact:Jackson TorchiaCommunity Manager at [email protected]
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