In 2019, the global self-healing concrete market was valued at USD 24.60 million. It is projected to grow at a compound annual rate (CAGR of 37.0%) between 2020 and 2027. The forecast period will see a rise in demand for durable and reliable constructions such as residential, commercial, industrial, or infrastructure. The market is expected to grow due to the rising growth of the global construction industry and a growing demand for lower structural maintenance. The market has been affected by the COVID-19 pandemic that ravaged the global construction industry in the second quarter 2020.
The U.S. market for self-healing concrete will grow at a 34.9% CAGR in terms of revenue between 2020 and 2027. Due to the growing interest in industrial development and the rising demand for commercial constructions, the U.S. construction industry is expected to experience significant growth during the forecast period.
Due to rising demand for infrastructure and less maintenance, the market is expected expand at a rapid pace in the coming years. Self-healing concrete is gaining popularity in the construction market as it offers viable solutions to extend the life span of buildings and structures.
The cracking of traditional concrete and other related materials can cause increased tension on beams and walls. Self-healing concrete is used during construction to support crack repairs and decrease maintenance. This special concrete is made with bacteria from concrete.
Self-healing concrete will be in high demand due to the rising demand for sustainable and eco-friendly constructions that have long endurance. Despite this, there is less non-hardening cement used in construction today. This is due to the growing trend of fast construction. Unskilled labor is increasing the number of natural cracks in columns and walls of buildings. The service and repair activities in construction will likely increase the demand for self healing concrete during the forecast period.
The vascular form self-healing concrete was the most profitable, accounting for 62.18% of the total revenue. It is expected to grow the most over the forecast period. This is a form where concrete healing substances are poured through tubes that run from the inside to the outside of concrete structures. This makes the system non-pervasive. The tubes must be placed in the areas where cracks are likely to occur.
The ease of large-scale, capsule-based self-healing concrete will see significant growth in the future. When these substances are poured into gaps, they react with air and other embedded concrete matrix to create hardened substances which fill in gaps in walls.
The market prefers bacteria-based capsules for self healing because they have a longer lifespan and can remain active for more than 100 years. The healing properties of chemical-based capsules can decrease over time, making them less popular for self-healing purposes. The cylinder-shaped capsules can be made at longer lengths and take up more space. They have a better healing mechanism that spherical capsules.
A series of tubes containing concrete healing substances are used to pass through the concrete structure, from the interior to exterior. This is called Vascular-based Healing Technology. This technology can be used in a single channel or multiple channels depending on the building's shape and concrete strength.
In terms of revenue, the infrastructure application segment accounted for 58.3% of the total market share in 2019. It is expected to experience significant growth in the future. It is expected that the product demand will rise due to the rising efforts of construction companies to commercialize the product to ensure durability of infrastructure.
Heavy-duty industrial construction must withstand severe mechanical impacts due to heavy-duty operation, such as transporting vehicles and operating heavy machinery. Heat treatments that require durable surfaces also need to be able to withstand these harsh impacts. Self-healing concrete will be a popular choice for industrial construction. These structures must withstand various chemical and physical factors and meet the technological requirements to provide a safe and practical surface for industrial operations.
Self-healing concrete can be used in commercial and residential buildings to reduce permeability and cracks. Concrete reinforcement is needed to extend the life span of concrete structures in the following areas: foundations, grade slabs floorings basements and walls.
The market is expected to see growth opportunities due to an increase in construction activities for offices buildings, institutions and healthcare centers. The market is expected to grow if there are technical improvements in building practices that improve the durability of structures.
With a market share of over 53.0%, Europe was the dominant global market in 2019. It is expected to continue its dominance in the future. Positive signs in Europe's private and public debt are driving the growth of the construction sector, which is expected positively to contribute to market growth.
The growth of the global building industry is largely driven by the contribution of Western European countries, including Germany. Market growth has been accelerated by various government projects and initiatives. The country has experienced a better economic recovery than France and the U.K during the pandemic.
North America is a mature market for concrete products. Multinational companies are active in the region, specializing in concrete products and raw materials. These companies have made a significant contribution to the overall market's growth through product innovation and investments in R&D capabilities.
The rising population's needs are the reason for the growth of the Asia Pacific construction industry. The construction industry is expected to grow due to the rising economic prominence of Southeast Asian countries like China, India, and others. This is due to their large consumer base, low labor costs, abundant resources, and an increasing per capita income. This indirect expectation is expected to fuel the growth of this market.
Due to the lack of concrete manufacturers and the low awareness of the product on the market, the market is relatively competitive. The market for self-healing concrete materials is competitive, but the prices and procurement practices are changing. The market is made up of raw material suppliers, concrete manufacturers and suppliers of healing agents. End-users are also involved. The supply and manufacture of concrete healing agents is a key business activity. The following are some of the major players in the global self healing concrete market:
Basilisk
PENETRON
Kryton
Xypex Chemical Corporation
Sika AG
BASF SE
Hycrete, Inc.
Cemex
Oscrete
GCP Applied Technologies
RPM International
Up Market Research published a new report titled “Self-healing Concrete Market research report which is segmented by Form (Intrinsic, Capsule Based, Vascular), by Application (Residential, Industrial, Commercial, Infrastructure), By Players/Companies  BASF SE,  Kryton,  GCP Applied Technologies,  Hycrete Inc,  Xypex Chemical Corporation,  RPM International,  PENETRON,  Cemex, Basilisk,  Sika AG,  Oscrete”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Self-healing Concrete Market Research Report |
By Form | Intrinsic, Capsule Based, Vascular |
By Application | Residential, Industrial, Commercial, Infrastructure |
By Companies | Â BASF SE, Â Kryton, Â GCP Applied Technologies, Â Hycrete Inc, Â Xypex Chemical Corporation, Â RPM International, Â PENETRON, Â Cemex, Basilisk, Â Sika AG, Â Oscrete |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 231 |
Number of Tables & Figures | 162 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Form (Intrinsic, Capsule Based, Vascular), by Application (Residential, Industrial, Commercial, Infrastructure).
Self-healing Concrete Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Self-healing Concrete Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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