Self-Healing Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The self-healing coatings market is segmented by form (extrinsic and intrinsic), end-user industry (building and construction, automotive, aerospace, electrical and electronics, and other end-user industries), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report offers market sizes and forecasts for the self-healing coatings market in terms of revenue (USD million) for all the above segments.

Self-Healing Coatings Market Size

Self-Healing Coatings Market Summary
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 20.00 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration High

Major Players

Self-Healing Coatings Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Self-Healing Coatings Market Analysis

The self-healing coatings market is expected to register a CAGR of more than 20% during the forecast period.

COVID-19 had a significant influence on the logistics and manufacturing industries, stifling market expansion. The industry, however, rebounded in 2021. Since then, the automotive, construction, and electronic industries have all experienced continuous growth.

  • One of the key factors driving the market is the growing development of the construction and infrastructure industries in emerging countries.
  • However, the high cost of self-healing materials as compared to conventional materials is hindering the growth of the studied market.
  • The increasing adoption of self-healing coatings in the electronics industry is likely to act as an opportunity for the studied market.
  • The North American region has been dominating the market due to several key players and major investments in the industries. However, the Asia-Pacific region is expected to register the highest growth during the forecast period.

Self-Healing Coatings Market Trends

Building and Construction Industry to Dominate the Market

  • Self-healing coatings play an important role in the construction industry. These coatings have the potential to rapidly fix the cracks, as the self-healing process allows for speedy treatment. It is used in concrete to provide strength and extend the life of buildings, bridges, and other structures.
  • The US Census Bureau estimated that the United States spent USD 1,809.8 billion on construction-related expenses in December 2022. Comparing December 2022 to December 2021, when the total amount spent was USD 1,681.0 billion, the construction sector showed a rise of roughly 7.7%. This in turn would have helped the market for phase change materials to grow.
  • According to the Bureau of Economic Analysis, the total value added by the construction industry at seasonally adjusted rates in 2022 in the United States was approximately USD 4,028 billion.
  • According to the Ministry of Housing, Communities, and Local Government (United Kingdom), a total of 177,820 dwellings were completed in England in 2022, compared to 174,930 dwellings completed in the previous year. Furthermore, according to a recent House of Commons report published in 2022, the number of households in England is expected to gradually increase to 26.9 million units by 2043, representing an annual increase of approximately 150,000 households.
  • Additionally, the French government's initiatives to develop the city for hosting the 2024 Olympics are likely to drive the market. For instance, the French government sanctioned approximately USD 3.3 billion for the construction of the Hermitage towers (two 320-meter/1050-foot towers), which are due to be completed by 2024. The essential infrastructure for the Olympic event requires building 4,500 new dwellings for local people, 100,000 square meters for business activities, and 20,000 new hotel rooms for tourists.
  • Germany also approved the construction of 25,399 dwellings by October 2022. According to the Federal Statistics Office (Destatis), which reflected a 14.2% decrease in building permits from October 2021. Also, 297,453 residential building licenses were issued between January and October 2022.
  • All these building and construction activities in various locations throughout the world increase the demand for self-healing coatings in the industry, propelling the market ahead.
Self-Healing Coatings Market: Value Added by Construction Industry, in USD Billion, United States, 2022 (Q1-Q4)

Asia-Pacific to Register Highest Growth

  • The Asia-Pacific region is expected to have the highest growth during the forecast period, owing to the increase in demand from the end-user industries, including building and construction, electrical and electronics, and transportation.
  • Across the Asia-Pacific region, demand for residential construction has been rising owing to the growing population and rapid urbanization across major economies. As per a joint study conducted by Global Construction Perspectives and Oxford Economics, India is expected to require building 31,000 homes every day for the next 14 years to meet the growing housing demand in the country, adding up to a total of 170 million properties by the end of 2030.
  • China's construction sector is quickly expanding and is the largest in the Asia-Pacific region. According to the National Bureau of Statistics of China, construction output in China was valued at around CNY 276 billion (USD 40 billion) in the fourth quarter of 2022, representing a 50% increase over the previous quarter (USD 27.6 billion).
  • The Japanese construction industry is also predicted to boom as a result of the events that will be held in the country. For example, in 2025, Osaka will host the World Expo. Redevelopment and recovery following natural disasters drive the majority of construction. A 37-story, 230-meter-tall office tower was scheduled to be finished in 2021, and a 61-story, 390-meter-tall office tower is scheduled to be completed in 2027 for Tokyo Stations.
  • Self-healing coatings also serve a variety of other purposes in other end-user industries, such as automotive, electronics, and many more. Self-healing coatings are used in automotive refinish coatings, with OEM clear-coat and plastic clear-coat formulations. Smartphones now use a self-healing polymer coating on the back.
  • ZVEI estimates that the Asian electro market was worth EUR 3,106 billion (USD 3,674 billion) in 2021, an increase of 10% compared to the prior year. In 2022, the market increased by 13%, and in 2023, it is anticipated to grow by 7%. China has the biggest market in the world-almost bigger than the sum of the markets of all developed countries. In 2021, EUR 2,069 billion (USD 2,447 billion), or 41.6% of the global market, came from the Chinese market. In addition, it is anticipated that the Chinese electronic sector will rise by 8% in 2023 after having grown by 14% in 2022.
  • As of November 2022, the total production value of the Japanese electronics industry was expected to reach over JPY 10.1 trillion (USD 84.5 billion), which is roughly 100.7% of the amount from the previous year, according to the Japan Electronics and Information Technology Industries Association (JEITA).
  • Thus, the growing building and construction activities, the rising electronics sector, and the demand from other industries are instrumental in the growth of self-healing coatings and other applications, which in turn is expected to boost the market during the forecast period.
 Self-healing Coatings Market - Growth Rate by Region

Self-Healing Coatings Industry Overview

The self-healing coatings market is moderately consolidated, as the top players account for a significant market share. Some of the key players in the market include (not in any particular order) Autonomic Materials, Inc., NEI Corporation., Solvay, Covestro AG, and Shawcor, among others.

Self-Healing Coatings Market Leaders

  1. NEI Corporation

  2. Autonomic Materials, Inc.

  3. Shawcor

  4. Covestro AG

  5. Solvay

*Disclaimer: Major Players sorted in no particular order

Self-Healing Coatings Market Concentration
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Self-Healing Coatings Market News

Recent developments pertaining to the market studied will be covered in complete report.

Table of Contents


    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study




    1. 4.1 Drivers

      1. 4.1.1 Growing Development of Construction and Infrastructure Industry

    2. 4.2 Restraints

      1. 4.2.1 High Cost of Self-healing Coatings

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value-chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION (Market Size in Value)

    1. 5.1 Form

      1. 5.1.1 Extrinsic

      2. 5.1.2 Intrinsic

    2. 5.2 End-user Industry

      1. 5.2.1 Building and Construction

      2. 5.2.2 Automotive

      3. 5.2.3 Aerospace

      4. 5.2.4 Electrical and Electronics

      5. 5.2.5 Other End-user Industries

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. India

        2. China

        3. Japan

        4. South Korea

        5. Rest of Asia-Pacific

      2. 5.3.2 North America

        1. United States

        2. Canada

        3. Mexico

      3. 5.3.3 Europe

        1. Germany

        2. United Kingdom

        3. Italy

        4. France

        5. Rest of Europe

      4. 5.3.4 South America

        1. Brazil

        2. Argentina

        3. Rest of South America

      5. 5.3.5 Middle East and Africa

        1. Saudi Arabia

        2. South Africa

        3. Rest of Middle-East and Africa


    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%) Analysis **/ Market Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 AkzoNobel NV

      2. 6.4.2 Autonomic Materials, Inc.

      3. 6.4.3 BASF SE

      4. 6.4.4 Covestro AG

      5. 6.4.5 Feynlab Inc

      6. 6.4.6 GVD Corporation

      7. 6.4.7 NEI Corporation

      8. 6.4.8 Shawcor

      9. 6.4.9 Solvay

      10. 6.4.10 spotLess Materials

      11. 6.4.11 Winn and Coales International (Amcorr Products and Services Inc)

    5. *List Not Exhaustive

    1. 7.1 Increasing Adoption of Self-healing Coatings in Electronics Industry

**Subject to Availability
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Self-Healing Coatings Industry Segmentation

Self-healing coatings are the type of coatings that have the innate potential to mend suffered damage on their own or with an external stimulus. The self-healing coatings market is segmented by form, end-user industry, and geography. By form, the market is segmented into extrinsic and intrinsic. By end-user industry, the market is segmented into building and construction, automotive, aerospace, electrical and electronics, and other end-user industries. The report also covers the market size and forecasts for self-healing coatings in 15 countries across major regions. For each segment, market sizing and forecasts have been done on the basis of revenue (USD million).

End-user Industry
Building and Construction
Electrical and Electronics
Other End-user Industries
South Korea
Rest of Asia-Pacific
North America
United States
United Kingdom
Rest of Europe
South America
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Frequently Asked Questions

The Self-Healing Coatings Market is projected to register a CAGR of greater than 20% during the forecast period (2024-2029)

NEI Corporation, Autonomic Materials, Inc., Shawcor, Covestro AG and Solvay are the major companies operating in the Self-Healing Coatings Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Self-Healing Coatings Market.

The report covers the Self-Healing Coatings Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Self-Healing Coatings Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Self-Healing Coatings Industry Report

Statistics for the 2024 Self-Healing Coatings market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Self-Healing Coatings analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Self-Healing Coatings Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)