The growing demand for Self-Healing Materials Market size in the automobile sector is expected to enable speedy expansion of the market, states Fortune Business Insights, in a report, The growing use of elastomers and polymers is expected to foster the healthy growth of the market.
Market Driver:
Expansion of BASF’s Chemical Industry to Promote Growth
The growing focus of companies towards expanding their production capacity can create opportunities for the market. For instance, in September 2019, BASF, a major in the chemical industry announced that it will increase the production of ethylene oxide and ethylene oxide derivativesat its Verbund site in Antwerp, Belgium. The total capacity for the project adds up to 400,000 metric tons a year to BASF's manufacturing potential for relevant materials with an annual investment value of over € 500 m.

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