Self-Healing Concrete Market Snapshot
According to a research survey conducted by ChemView Consulting, in 2022, the Global Self-Healing Concrete Market was worth US$ 61.6 Bn and is expected to grow at a CAGR of 36.0% over the forecast period. The market is expected to hit US$ 721.3 Bn by 2030 end.
The important elements of self-healing concrete market trends are greater civil infrastructure life, simplicity of use, and lower maintenance costs.
Self-healing concrete has various advantages, including the capacity to patch fractures, enhance concrete compressive strength, minimize freeze-thaw attack, and reduce concrete permeability. It also helps to reduce maintenance and repair.
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Segments Covered in Report
By Type:
- Intrinsic
- Capsule Based
- Vascular
By Application:
- Residential
- Industrial
- Commercial
- Infrastructure
By Region and Country:
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Rest of Latin America)
- Europe (Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, Rest of Europe)
- Asia-Pacific (China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Rest of Asia-Pacific)
- Middle East (Saudi Arabia, Turkey, UAE, Rest of Middle East)
- Africa (South Africa, Nigeria, Egypt, Rest of Africa)
Self-Healing Concrete Market 2017-2030: Report Key Highlights:
- Detailed information on factors that will assist Global Self-Healing Concrete’s growth during the next eight years
- Assessment of the historical and current Global Self-Healing Concrete Market size (2017-2021), market projections (2022-2030), and its contribution to the parent market
- The growth of the market across North America, Europe, East Asia, South Asia & Pacific, Latin America, Middle East, and Africa
- Segment-wise, country-wise, and region-wise market analysis
- Key drivers, restraints, opportunities, and key emerging trends impacting market growth
- Predictions on critical supply, demand, and technological trends and changes in consumer behavior
- Value chain analysis (list of manufacturers, distributors, end-users, average profitability margins, etc.)
- Competition mapping, market share analysis, key strategies adopted by top players, and competitive tactical intelligence
- Covid-19 impact on the market and how to navigate
- Strategic market analysis and recommendations on crucial winning strategies
Key Takeaways
By Type: The capsule-based healing category dominated the market in 2021 and is predicted to expand fastest throughout the forecast period. The capsule-based healing is expected to increase rapidly throughout the forecast period because of its several advantages, which include the ability to repair wider fractures, require fewer external requirements to restore full strength, and remain protected while mixing.
By Application: The infrastructure sector contributed the most to the market in 2021 and is predicted to continue growing at the fastest rate throughout the forecast period. The civil infrastructure is expected to benefit the most from self-healing concrete, which will increase the strength of dams, tunnels, and highways.
It, in turn, attempts to strengthen the durability of different civil engineering constructions such as tunnels and bridges and reduce long-term maintenance costs.
By Region: Europe holds the top share in the global self-healing concrete market and is projected to remain at the top in the coming years. Rising awareness among consumers concerning the vast array of benefits of self-healing concrete is one of the prime drivers of the market in this region.
Competition Summary
Because of the restricted number of concrete manufacturers and little consumer knowledge of the product, the market is somewhat competitive. However, because procurement procedures and material costs are dynamic, the competitive climate for materials used in self-healing concrete is slightly high.
The market’s various entities include raw material suppliers, concrete producers, healing agent providers, and end-users. Key businesses are involved in producing and distributing healing agents for concrete products.
Key companies covered in the market study are Basilisk, PENETRON, Kryton, Xypex Chemical Corporation, Sika AG, BASF SE, Hycrete, Inc., Cemex, Oscrete GCP Applied Technologies, and RPM International.
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