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Self-Healing Materials Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F

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New York, July 05, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Self-Healing Materials Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F” – https://www.reportlinker.com/p06472446/?utm_source=GNW

Global Self-Healing Materials market was valued at USD 1.53 billion in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 9.16%, owing to increasing demand from the construction industry and supportive government policies.

The materials science and engineering field has witnessed groundbreaking advancements in the development of self-healing materials.These remarkable materials possess the ability to autonomously repair the damage inflicted upon them, mimicking the regenerative capabilities found in living organisms.

Self-healing materials have the potential to revolutionize numerous industries, including aerospace, automotive, electronics, and healthcare.Self-healing materials refer to a class of substances that possess the capability to repair damage, such as cracks, scratches, or structural flaws, without the need for external intervention.

These materials can detect and respond to damage, initiating a repair process that restores their integrity and functionality. The key driving force behind self-healing materials is the incorporation of microcapsules, vascular networks, or reversible chemical bonds within the material’s structure.

Self-healing materials represent a remarkable technological breakthrough with significant potential across various industries. From enhanced safety and durability in aerospace and automotive applications to improved reliability in electronics and advancements in healthcare, these materials have the power to reshape our world.

Self-healing polymers often contain tiny microcapsules filled with healing agents.When a crack or damage occurs, the capsule ruptures, releasing the healing agents into the damaged area.

These agents then react with each other or with the material, forming a solid, polymerized bond that closes the crack.

Advances in nanotechnology and materials science will pave the way for the development of new healing mechanisms and materials.Integration of smart sensors and artificial intelligence will enable materials to detect and repair damage in real-time.

Self-healing materials may contribute to the development of sustainable and circular manufacturing processes, by reducing waste and extending product lifecycles.

Global self-healing materials market has witnessed significant growth in recent years, driven by advancements in materials science, increasing demand for durable and sustainable materials, and expanding applications across various industries.Self-healing materials have the remarkable ability to autonomously repair damage, leading to improved performance, reduced maintenance costs, and extended product lifecycles.

Global Self-healing Materials market has been experiencing steady growth, and its value is expected to reach billions of dollars in the coming years. The market growth can be attributed to several factors, including increasing investment in research and development, rising demand for advanced materials in key industries, and growing environmental concerns driving the need for sustainable solutions.

Rising Demand for Durable and Reliable Materials and Technological Advancements are Driving Market Growth

The continuous evolution of materials science, nanotechnology, and polymer chemistry has revolutionized the development of self-healing materials.New healing mechanisms, such as microcapsules, vascular networks, and reversible chemical bonds, have expanded the capabilities of self-healing materials.

These mechanisms enable materials to detect and respond to damage, initiating a healing process that restores their integrity.Nature-inspired self-healing materials mimic biological systems and processes, leveraging concepts like wound healing in living organisms.

These bioinspired materials offer unique healing properties and improved performance, driving further research and development in the field.

Industries such as aerospace, automotive, electronics, and infrastructure are increasingly seeking materials that exhibit enhanced durability, reliability, and performance.Self-healing materials offer a compelling solution to these demands.

The ability of self-healing materials to autonomously repair damage helps extend the lifespan of products, reducing the need for frequent replacements and associated costs.Self-healing materials can repair cracks, scratches, and other structural flaws, minimizing the risk of catastrophic failures and enhancing safety in critical applications.

By autonomously repairing damage, self-healing materials reduce maintenance requirements and associated expenses, making them an attractive choice for industries with high maintenance costs.

Increase in Investments and Favourable Government Policies are Driving Global Self-Healing Materials Market

The increasing investments in research and development on self-healing materials are driving the growth of the market.Manufacturers are developing new and innovative products to meet the specific requirements of various end-use.

The demand for advanced self-repairing polymers is increasing in various end-use industries, such as automotive, transportation, and electronics.Self-healing materials can repair damages caused by mechanical friction and restore functionalities at microscopic levels without any human intervention.

Self-healing materials can help to extend the lifespan of products, which can lead to a reduction in maintenance costs.This is important in industries where downtime can be costly, such as the automotive and aerospace industries.

Favorable governmental trade policies support the growth and development of self-healing materials. The implementation of sophisticated expertise that supports the expansion of the product portfolio is likely to expand the self-healing materials market size.

Major Challenges Faced by Global Self-Healing Materials Market

Manufacturing self-healing materials often involve complex processes and specialized technologies, resulting in higher production costs. To ensure widespread adoption, efforts should be directed toward optimizing production methods, streamlining manufacturing processes, and leveraging economies of scale to reduce costs.

The lack of standardized testing procedures and quality control protocols poses a challenge to the market.The reliability and performance of self-healing materials need to be thoroughly assessed and validated to instill confidence among end-users.

Establishing industry-wide standards, guidelines, and certification programs will be crucial to ensure consistent quality and promote market acceptance.

Integrating self-healing mechanisms into existing materials and manufacturing processes presents a challenge.Industries often have established materials and manufacturing methods, making it challenging to incorporate self-healing capabilities without disrupting existing operations.

Collaboration between material scientists, engineers, and manufacturers is essential to develop seamless integration strategies, enabling the adoption of self-healing materials without significant process overhauls.

While self-healing materials exhibit impressive capabilities, achieving optimal healing efficiency and speed remains a challenge.The healing process should be fast, reliable, and capable of repairing various types of damage, including cracks, scratches, and structural flaws.

Research efforts should focus on enhancing healing mechanisms, developing more efficient healing agents, and optimizing the overall healing process to minimize downtime and improve performance.

Ensuring the long-term durability and effectiveness of self-healing materials is another challenge.The materials must maintain their healing properties over extended periods, resist degradation, and withstand harsh environmental conditions.

Long-term testing and durability studies are essential to validate the performance and stability of self-healing materials, providing confidence in their long-term reliability.

Recent Trends & Developments

Scientists at Japan’s Riken Institute have announced they have developed the first self-healing polymer using commercially available compounds. Self-healing polymers are reportedly composed of readily available building blocks.

Engineering researchers at North Carolina State University have announced the development of a new self-healing composite that can repair structures in place without taking them out of service. This latest technology solves two of its longstanding challenges with self-healing materials and can significantly extend the life of structural components such as wind turbine blades and airplane wings.

In July 2021, the Engineering and Physical Sciences Research Council, a division of UK Research Innovation, announced a partnership for USD 22.5 million to design sustainable road maintenance projects using robotic interventions and self-sensing and self-healing materials.

In March 2020, Goodyear Tire and Rubber Company unveiled a new concept tire called Recharge. These tires can effectively determine the degree of wear and repair defects with the help of a new fiber-reinforced liquid mixture of synthetic rubber.
Market Segmentation
Global Self-Healing Materials market is segmented based on Form, Material Type, End-Use, Region, and Company.Based on Form, the self-healing materials market is further fragmented into Extrinsic and Intrinsic.

Based on Material Type, the self-healing material market is fragmented into Polymer, Concrete, Coatings, and Others.Based on End Use, the self-healing materials market is divided into Building & Construction, Mobile Devices, Transportation, and Others.

Based on Region, the self-healing material market is fragmented into Europe, North America, Asia Pacific, Middle East & Africa, and South America.

Company Profiles
BASF SE, The Dow Chemicals Company, Wacker Chemie AG, Covestro AG, Huntsman International LLC, NEI Corporation, CompPair Technologies Ltd., Green-Basilisk BV, Autonomic Materials, Inc., Applied Thin Films Inc, Acciona S.A, Evonik Industries AG, Sensor Coating System Limited are some of the major players in the market.

Report Scope:

In this report, Global Self-Healing Materials market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
• Self-Healing Materials Market, By Form:
o Extrinsic
o Intrinsic
• Self-Healing Materials Market, By Material Type:
o Polymer
o Concrete
o Coatings
o Other
• Self-Healing Materials Market, By End-Use:
o Building & Construction
o Mobile Devices
o Transportation
o Others
• Self-Healing Materials Market, By Region:
o Europe
o Germany
o France
o United Kingdom
o Russia
o Italy
o Spain
o Rest of Europe
o North America
o United States
o Mexico
o Canada
o Asia Pacific
o China
o India
o Japan
o Australia
o South Korea
o Malaysia
o Rest of Asia Pacific
o Middle East & Africa
o Saudi Arabia
o South Africa
o UAE
o Rest of Middle East & Africa
o South America
o Brazil
o Argentina
o Rest of South America

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Global Self-Healing Materials market.

Available Customizations:

With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06472446/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Artificial Intelligence

BeeHero Reveals Groundbreaking Data-Backed Insights from the Latest Almond Pollination Seasons

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On World Bee Day, BeeHero shares findings from the 2022-2024 almond pollination seasons that showcase its ability to optimize and boost pollination efficacy while decreasing operational costs, by empowering both beekeepers and growers with innovative, data-driven solutions
FRESNO, Calif., May 20, 2024 /PRNewswire/ — BeeHero, the pioneer of precision pollination, today unveiled groundbreaking data-driven bee activity insights from the 2022-2024 almond pollination seasons. The company has revealed bee flight hour and bee frame insights via its cutting-edge sensor technology and AI-powered analysis that contribute to improved pollination practices. In recent months, BeeHero cemented its position as the world’s leading provider of precision pollination as it surpassed the threshold of 300K hives under management, from which the company records more than 25 million hive samples daily. The new data is being released on World Bee Day, the date designated by the UN to raise awareness of the importance of these vital pollinators, the numerous threats they face, and how they contribute to sustainable agriculture and development.

Analysis of the previous almond seasons revealed that BeeHero-managed hives demonstrated a higher degree of effectiveness, with an average of nearly 50% more bee-frames per hive compared to the industry standard. This superior performance translates into stronger colonies and enables BeeHero to optimize hive placement and reduce the number of hives required per acre in almond orchards, resulting in enhanced pollination at a lower input-to-output ratio for growers.
BeeHero also discovered a significant difference in the average daily bee flight hours (BFH) measured by its sensors as compared to the traditional bee flight hour calculations. While conventional bee flight hour methods (based on industry standard hives) recorded a total of 2.7 daily BFH over the 2022 and 2023 almond pollination seasons, BeeHero was able to more accurately measure almost double this amount, at 5.9 daily BFH, demonstrating that bees will indeed fly in suboptimal conditions. This revelation underscores the higher accuracy of BeeHero’s methodology over traditional calculations, which underestimate the actual flying time of bees due to a reliance on and proximity to local national weather stations, affecting industry crop yield predictions. Both this finding and BeeHero’s ability to provide stronger hives have widespread implications for not only almonds, but other seed, row, and specialty crops as well.
“We are excited to be consistently achieving new, pivotal milestones on our mission to transform pollination efficiency through transparency and data-driven precision,” explained Omer Davidi, CEO and Co-Founder of BeeHero. “Our findings showcase the critical nature of robust data in optimizing pollination activities, and our unique ability to provide previously unknowable insights – and as a result, stronger hives and more accurate yield predictions – to industry stakeholders. We look forward to continuing to reshape industry paradigms, empowering growers and beekeepers to better foster bee welfare and bolstering productivity for greater profitability.”
During the 2024 almond pollination season, BeeHero utilized various proprietary tools to extract its unparalleled dataset on bee behavior and pollination efficacy. The company introduced a Deployment Planning Tool, enabling beekeepers to visualize their almond orchards and strategically plan daily tasks for maximum efficiency. Additionally, its Hive Tracker offered growers real-time insights into hive shipment and placement, while BeeHero’s new mobile growers platform provided growers with seamless access to hives’ frame counts and other critical information and updates.
Following the culmination of the pollination season, BeeHero is providing personalized precision pollination reports for growers with insights into bee flight hours, bee frames, and how BeeHero’s data and technology have directly impacted their season. In alignment with this mission, a recent study conducted by BeeHero and the USDA explored how bee colony strength and hive entrance orientation affected honey bee foraging behavior, offering actionable insights to improve pollination efficacy. The research underscores the pivotal role of BeeHero’s proprietary technology in gathering data to drive operational efficiency, reduce costs, increase yields, enhance bee welfare, and promote sustainable agriculture.
“The findings from these past pollination seasons – both in our research and in the field – highlight the profound potential of our innovative technology to revolutionize pollination practices, fostering a sustainable ecosystem that benefits both beekeepers and growers,” said Yuval Regev, CTO and Co-Founder of BeeHero. “By illuminating intricate bee behavior patterns and ecosystem dynamics, we are pioneering a new frontier in pollination science and technology.”
Earlier this month, BeeHero was recognized as an Honorable Mention by Fast Company’s 2024 World Changing Ideas Awards in the agriculture category. The award honors products and companies designed to make the world safer, cleaner, more sustainable, and more equitable. This is the latest in a slew of prestigious awards and recognitions for BeeHero, which include Cleantech Group’s 2024 Global Cleantech 100 list, the 2024 Founder’s Games for social impact, CNBC’s 2023 Disruptor 50 list, and The New York Times’ 2022 Good Tech Awards.
About BeeHero
BeeHero is a data-driven technology company redefining pollination in commercial agriculture. Using advanced data analytics, artificial intelligence, and low-cost IoT sensors, BeeHero brings transparency and efficiency to the complex logistics of commercial crop pollination. Its Precision Pollination as a Service (PPaaS) results in better crop yields and increased profits for commercial crop growers and agribusiness stakeholders. Its precision pollination solution is rapidly evolving into the backbone of the data-driven approach needed to build a resilient and future-proof sustainable agriculture ecosystem. The company is headquartered in Fresno, California, with offices in Palo Alto, California and R&D in Tel Aviv, Israel.
Media Contact
Allison GreyHeadline [email protected]  US: +1 323 283 8176UK: +44 203 807 4482IL: +972 53 820 2606

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Artificial Intelligence

Dubai World Trade Centre Drives Impact as Economic Output Surges to US$4.98 Billion in 2023, up 40% YoY

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DUBAI, UAE, May 20, 2024 /PRNewswire/ — Dubai World Trade Centre (DWTC), a global leader in the events and exhibitions industry, has once again demonstrated its significant impact on Dubai’s economy in 2023, welcoming 2.47 million participants and hosting 301 events, 76 of which, were large-scale events that attracted 1.54 million attendees, with 46% from overseas.

DWTC’s 2023 Economic Impact Assessment (EIA) Report, based on its 76 large-scale events (2000 or more attendees) revealed an impressive surge in the total economic output, reaching US$4.98 billion, marking an incredible 40% YoY increase, with high returns for adjacent industries such as Travel, Accommodation and Retail, connected to the Meetings Incentives Conferences and Exhibitions (MICE) ecosystem.
DWTC’s large-scale events generated a substantial US$2.87 billion Gross Value Added (GVA) to Dubai’s GDP, retaining an impressive 58% of the total economic output locally. International participation soared by 53%, with overseas visitors driving 6.2 times more contribution than domestic counterparts.
Events hosted at DWTC supported 69,281 jobs, generating US$915 million in disposable household income for the city’s residents. The substantial economic impact of these events extends beyond direct revenue generation, fostering socio-economic development and contributing to Dubai’s status as a leading global business hub.
His Excellency Helal Saeed Almarri, Director General of DWTC Authority, said: “Aligned with Dubai’s Economic Agenda D33, we continue to spearhead efforts in sector diversification, reinforcing the city’s stature as a leading global business hub. The remarkable accomplishments of 2023, presented in the ‘DWTC Economic Impact Assessment Report’ demonstrate that Dubai’s MICE sector, driven by DWTC, remains a vital pillar of financial resilience and growth underscoring our accelerated strides towards sustainable socio-economic development. The increase in international participation, along with the significant economic impact generated across diverse sectors such as travel, accommodation and retail, highlights the city’s steadfast commitment to propelling business tourism.”
The venue’s formidable events portfolio strategically aligned with Dubai’s economic priorities, showcasing Healthcare, Medical, and Scientific; Information Technology (IT); and Food, Hotel, and Catering as the top contributors. These leading sectors collectively accounted for 59% (US$1.71 billion) of the GVA to Dubai’s economy, and 49% (747,468) of the total large-scale event visitation.
Adjacent sectors, including hotels, air travel, and local transportation experienced a significant boost in economic activity. The direct revenue generated through expenditure was nearly US$2.94 billion.
Photo – https://mma.prnewswire.com/media/2416961/Dubai_World_Trade_Centre_2023_Infographic.jpg
 
 

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Aramco signs agreement with Pasqal to deploy first quantum computer in the Kingdom of Saudi Arabia

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DHAHRAN, Saudi Arabia, May 20, 2024 /PRNewswire/ — Aramco, one of the world’s leading integrated energy and chemicals companies, has signed an agreement with Pasqal, a global leader in neutral atom quantum computing, to install the first quantum computer in the Kingdom of Saudi Arabia.

The agreement will see Pasqal install, maintain, and operate a 200-qubit quantum computer, which is scheduled for deployment in the second half of 2025.
Ahmad Al-Khowaiter, Aramco EVP of Technology & Innovation, said: “Aramco is delighted to partner with Pasqal to bring cutting-edge, high-performance quantum computing capabilities to the Kingdom. In a rapidly evolving digital landscape, we believe it is crucial to seize opportunities presented by new, impactful technologies and we aim to pioneer the use of quantum computing in the energy sector. Our agreement with Pasqal allows us to harness the expertise of a leading player in this field, as we continue to build state-of-the-art solutions into our business. It is also further evidence of our contribution to the growth of the digital economy in Saudi Arabia.”
Georges-Olivier Reymond, Pasqal CEO & Co-founder, said: “The era of quantum computing is here. No longer confined to theory, it’s transitioning to real-world applications, empowering organisations to solve previously intractable problems at scale. Since launching Pasqal in 2019, we have directed our efforts towards concrete quantum computing algorithms immediately applicable to customer use cases. Through this agreement, we’ll be at the forefront of accelerating commercial adoption of this transformative technology in Saudi Arabia.  This isn’t just any quantum computer; it will be the most powerful tool deployed for industrial usages, unlocking a new era of innovation for businesses and society.”
The quantum computer will initially use an approach called “analog mode.” Within the following year, the system will be upgraded to a more advanced hybrid “analog-digital mode,” which is more powerful and able to solve even more complex problems.
Pasqal and Aramco intend to leverage the quantum computer to identify new use cases, and have an ambitious vision to establish a powerhouse for quantum research within Saudi Arabia. This would involve leading academic institutions with the aim of fostering breakthroughs in quantum algorithm development — a crucial step for unlocking the true potential of quantum computing.
The agreement also accelerates Pasqal’s activity in Saudi Arabia, having established an office in the Kingdom in 2023, and follows the signing of a Memorandum of Understanding between the companies in 2022 to collaborate on quantum computing capabilities and applications in the energy sector. In 2023, Aramco’s Wa’ed Ventures also participated in Pasqal’s Series B fundraising round.
About Aramco
Aramco is a global integrated energy and chemicals company. We are driven by our core belief that energy is opportunity. From producing approximately one in every eight barrels of the world’s oil supply to developing new energy technologies, our global team is dedicated to creating impact in all that we do. We focus on making our resources more dependable, more sustainable and more useful. This helps promote stability and long-term growth around the world. www.aramco.com 
About PASQAL
Pasqal is a leading Quantum Computing company that builds quantum processors from ordered neutral atoms in 2D and 3D arrays to bring a practical quantum advantage to its customers and address real-world problems. Pasqal was founded in 2019, out of the Institut d’Optique, by Georges-Olivier Reymond, Christophe Jurczak, Professor Dr. Alain Aspect – Nobel Prize Laureate Physics, 2022, Dr. Antoine Browaeys and Dr. Thierry Lahaye. Pasqal has secured more than €140 million in financing to date. To learn more about Pasqal, visit www.pasqal.com.
Disclaimer
The press release contains forward-looking statements. All statements other than statements relating to historical or current facts included in the press release are forward-looking statements. Forward-looking statements give the Company’s current expectations and projections relating to its capital expenditures and investments, major projects, upstream and downstream performance, including relative to peers. These statements may include, without limitation, any statements preceded by, followed by or including words such as “target,” “believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “estimate,” “plan,” “project,” “can have,” “likely,” “should,” “could,” and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the Company’s actual results, performance or achievements to be materially different from the expected results, performance, or achievements expressed or implied by such forward-looking statements, including the following factors: global supply, demand and price fluctuations of oil, gas and petrochemicals; global economic conditions; competition in the industries in which Saudi Aramco operates; climate change concerns, weather conditions and related impacts on the global demand for hydrocarbons and hydrocarbon-based products; risks related to Saudi Aramco’s ability to successfully meet its ESG targets, including its failure to fully meet its GHG emissions reduction targets by 2050; conditions affecting the transportation of products; operational risk and hazards common in the oil and gas, refining and petrochemicals industries; the cyclical nature of the oil and gas, refining and petrochemicals industries; political and social instability and unrest and actual or potential armed conflicts in the MENA region and other areas; natural disasters and public health pandemics or epidemics; the management of Saudi Aramco’s growth; the management of the Company’s subsidiaries, joint operations, joint ventures, associates and entities in which it holds a minority interest; Saudi Aramco’s exposure to inflation, interest rate risk and foreign exchange risk; risks related to operating in a regulated industry and changes to oil, gas, environmental or other regulations that impact the industries in which Saudi Aramco operates; legal proceedings, international trade matters, and other disputes or agreements; and other risks and uncertainties that could cause actual results to differ from the forward-looking statements in this press release, as set forth in the Company’s latest periodic reports filed with the Saudi Stock Exchange. For additional information on the potential risks and uncertainties that could cause actual results to differ from the results predicted please see the Company’s latest periodic reports filed with the Saudi Stock Exchange. Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which it will operate in the future. The information contained in the press release, including but not limited to forward-looking statements, applies only as of the date of this press release and is not intended to give any assurances as to future results. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to the press release, including any financial data or forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law or regulation. No person should construe the press release as financial, tax or investment advice. Undue reliance should not be placed on the forward-looking statements.
Aramco Contact Information:
  @aramco

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