Global Self-healing Materials Market is valued to reach USD 4.2 Billion by 2025, exhibiting a CAGR of 45.2% over forecast period 2020-2026. Growing demand for advanced self-healing materials from various end-user industries, high efficiency and low maintenance cost and ability of materials to repair damages caused due to mechanical friction are key factors driving the market.This is a latest report, covering the current COVID-19 impact on the market. The pandemic of Coronavirus (COVID-19) has affected every aspect of life globally. This has brought along several changes in market conditions. The rapidly changing market scenario and initial and future assessment of the impact is covered in the report. It covers the entire market with an in-depth study on revenue growth and profitability.
Self-healing materials are being used in applications where durability and reliability are crucial. This materials reduce maintenance activities significantly thereby reducing the MRO costs. These material is expected to offer opportunities for the major market players.High cost of the self-healing materials is a key restraint of the market.Growing global population worldwide is driving the demand for housing and infrastructures. This, in turn, is increasing investments in commercial real estate. These factors are anticipated to fuel the demand for self-healing materials.
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