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Self-Healing Concrete Market Size Analysis
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.
Market Dynamic
LARGE INVESTMENTS IN INFRASTRUCTURE PROJECTS DRIVE THE MARKET
Rising investment in large-scale infrastructure projects and smart cities is now a prominent driver driving revenue growth in the worldwide self-healing concrete market.
The desire to lower overall structural maintenance costs will likely boost the worldwide self-healing concrete market during the forecast period. Self-healing concrete provides enormous benefits in terms of total cost savings for repair and maintenance. Researchers discovered that these advantages could be up to 50%, a considerable reduction.
Because of its greater endurance, self-healing concrete outperforms regular concrete in terms of quality. It is expected to increase demand from end users. The growing need for environmentally friendly, dependable, and long-lasting buildings propels market expansion.
DESIRE FOR ENVIRONMENT-FRIENDLY STRUCTURES TO CREATE OPPORTUNITIES FOR THE MARKET
The rising need for ecologically sustainable, dependable, and long-lasting structures drives market expansion. Following this, the growing implementation of vascular-based healing technologies for modern building construction is fueling market expansion. They are made up of a network of tubes filled with self-healing concrete that run through the walls to reinforce the structure.
HIGH COST HAMPERS THE MARKET GROWTH
The high cost of self-healing concrete and the absence of project outcomes limit the growth and deployment of the worldwide self-healing concrete market. Furthermore, the presence of bacteria affects the self-healing and strength qualities of the concrete under varied climatic circumstances, which is another aspect that is projected to impede the growth of the self-healing concrete market to some extent.
Market Segments Covered in Report
By Type:
By Application:
By Region and Country:
Segment-Wise Analysis
Why is Capsule Type Self-Healing Concrete projected to have the highest CAGR?
The capsule-based healing category dominated the market in 2021 and is predicted to expand fastest throughout the forecast period. This segment is expected to grow at a CAGR of 37.2% during 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.
Why is the infrastructure sector expected to expand the fastest during the forecast period?
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.
Region-Wise Analysis
The regions analyzed for the market include North America, Europe, Latin America, Asia Pacific, Middle East, and Africa.
Competition Analysis
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.
Some of the key developments that have taken place in the Self-Healing Concrete Market include:
A list of some of the key suppliers present in the market are:
Global Self-Healing Concrete Market 2022-2030: Report Coverage and Highlights
| Research Scope | Details |
| Forecast period | 2022-2030 |
| Historical data available for | 2017-2021 |
| Market analysis | USD Billion for Value and Tons for Volume, and CAGR from 2022 to 2030 |
| Key regions covered | North America, Latin America, Europe, Asia-Pacific, Middle East, and Africa |
| Key countries covered | US, Canada, Brazil, Mexico, Germany, Italy, France, UK, Spain, Netherlands, Norway, Russia, China, Japan, South Korea, India, Indonesia, Thailand, Vietnam, Australia & New Zealand, Saudi Arabia, Turkey, UAE, South Africa, Nigeria, Egypt |
| Key segments covered | By Type, Application, and Region |
| Customization scope | Available upon Request |
| Pricing and purchase options | Available upon Request |
Market Size Data
Market Background
Pricing Analysis
Value Chain Analysis
Competition Analysis
Country Coverage
North America: U.S., Canada
Latin America: Brazil, Mexico, Argentina, Central America, Rest of Latin America
Western Europe: Germany, Italy, France, UK, Spain, Poland, Romania, Rest of Western Europe
Eastern Europe: Russia & Belarus, Balkan Countries, Baltic Countries, Central Asia, Rest of Eastern Europe
Middle East & Africa: KSA, UAE, Turkey, Israel, Northern Africa, South Africa, Rest of Middle East & Africa
East Asia: China, Japan, South Korea
South Asia & Pacific: India, ASEAN, Australia & New Zealand, Rest of South Asia & Pacific
Why Choose CVC Market Research?;
In the forecast period between 2022 and 2030, the market is expected to grow at a CAGR of 36.0%.
Rising investment in large-scale infrastructure projects and smart cities is now a prominent driver driving revenue growth in the worldwide self-healing concrete market.
Major global Self-Healing Concrete Market players are Basilisk, PENETRON, Kryton, Xypex Chemical Corporation, Sika AG, BASF SE, Hycrete, Inc., Cemex, Oscrete, GCP Applied Technologies, and RPM International.
The cost of self-healing concretes higher than standard concrete, which may limit market expansion.
The Europe region is expected to account for the largest market revenue share in the Global Self-Healing Concrete market.
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