Self-Healing Concrete Market : Global Industry Analysis and Forecast (2023-2029)

Self-Healing Concrete Market was valued at US$ 63.25 Bn. in 2022. Global Self-Healing Concrete Market size is estimated to grow at a CAGR of 37 %. The market is expected to reach a value of US $ 572.94 Bn in 2029.
Self-Healing Concrete Market Overview:
A synthetic building material capable of autonomously healing cracks and damages is known as self-healing concrete. It is made composed of a bacterium that makes limestone, which when exposed to water and air swells into a gel to fill in the gaps. The concrete fills in the crevices in the steel framework, protecting it from external damage and reducing the risk of corrosion. Autogenic and autonomic self-healing variations are widely available. The autonomous varieties use capsules carrying additional healing agents or bacteria spores, whilst the autogenously variants use wetness to heal. As a result, they're widely used in residential, commercial, industrial, and civil infrastructure building.

To know about the Research Methodology :- Request Free Sample Report
Self-Healing Concrete Market Dynamics:
Rising infrastructure investment and the desire to lower overall structural maintenance costs are likely to be the primary drivers of the global self-healing concrete market. The use of self-healing concrete has numerous advantages in terms of lowering overall repair and maintenance costs. Researchers discovered that these benefits can be as high as 50%, which is a significant reduction. Cost reduction through the creation of less expensive variants of self-healing concrete would help to increase product usage and spread the benefits connected with it. The advantages of larger structures, particularly underground constructions, are enormous. The global self-healing concrete market is expected to be driven by a focus on enhancing structure durability.

The cement manufacturing business contributes 5% of total global CO2 emissions, and concrete is the end product of this industry. As a result, rising expenditures in the production of self-healing concrete are expected to help cement manufacturers not only lower their carbon footprint but also cut expenses associated with recurring cement manufacturing for maintenance and reinforcing. Cement makers have a chance to grow as a result of this, due to its increased durability, self-healing concrete is preferable in terms of quality to standard concrete. End-user demand is expected to rise as a result of this.

The market opportunity for self-healing concrete comprises a wide range of applications for reliable and long-lasting construction. In the next years, the widespread use of self-healing concrete will aid acceptance and enhance the self-healing concrete business. Residential, commercial, industrial, and civil infrastructure are all important components of economic development. As a result, lowering maintenance costs and extending the life of these buildings will provide plenty of chances for self-healing products to reach the market. The success of pilot projects being conducted all around the world will be critical in driving the commercial adoption of self-healing concrete.

The growth of the self-healing concrete market is being slowed by a lack of project results and increased self-healing concrete product costs, traditional construction materials include cement, mortar, lime, stone, and other materials that, when combined and applied during construction, ensure the structural strength of the building. As the market for self-healing concrete evolves, incorporating self-maintained mortar and mixtures in cement will result in a price that is twice that of standard materials. End-users are being stymied in their adoption of self-healing concrete products as a result of this problem.
Global Self-Healing Concrete Market Segment Analysis:
The global Self-Healing Concrete Market is sub-segmented into Type and End-use.

Based on Type, the market is sub-segmented into, intrinsic healing, Capsule based healing, and vascular healing. The vascular type of self-healing concrete accounted for 63.28 % of revenue in 2022 and is expected to grow at the fastest rate throughout the forecast period. When a series of tubes filled with concrete healing chemicals are fed through the concrete structure from the inside to the outside of the building walls, this is the form that is used. The technology is non-pervasive since these tubes must be positioned at expected sites where the fracture is likely to occur. Due to the ease of use of capsule-based self-healing concrete on a broad scale, the market is likely to increase significantly over the forecast period.

Based on End-use, the market is sub-segmented into Residential and Commercial, Industrial, and Civil infrastructure. In terms of revenue, the infrastructure application category had the greatest share of 60.3 % in 2022 and is expected to rise significantly throughout the forecast period. Construction firms' increasing efforts to commercialize products for infrastructure durability by partnering with product development companies are likely to drive up product demand. Due to heavy-duty operations such as truck transportation, operating heavy machinery, and heat treatments that necessitate stiff surfaces with durability, the industrial building must withstand hard mechanical impacts. As a result, self-healing concrete is expected to gain traction in industrial construction, where strong resistance to a variety of physical and chemical factors is required to meet technical criteria for a safe and convenient surface on which to conduct industrial activities.
Self-Healing Concrete Market Regional Insights:
With a revenue share of more than 53.0% in 2022, Europe dominated the global market 2022 and is likely to rise significantly in the next years. Positive signs in private and public debt in Europe are supporting the construction industry's growth, which is expected to contribute positively to market growth. Germany and other Western European countries contribute significantly to the global construction industry's growth. The market has grown as a result of the governments many projects and efforts. During the pandemic, the country took greater economic assistance measures, resulting in positive growth in comparison to the United Kingdom and France.

Multinational enterprises dealing with concrete products and related raw materials are well-represented in the region. These firms' product innovation and investment in R&D capabilities have made a significant contribution to the market's overall growth. The growing needs of a growing population are attributable to the rise of the building sector in the Asia Pacific. The rising economic importance of Southeast Asian countries, China, India, and other countries, owing to the presence of a large consumer base, low labor costs, abundant resources, and rising per capita income among the middle class in countries such as China and India, is expected to fuel the construction sector's growth. This is expected in a roundabout way.

The objective of the report is to present a comprehensive analysis of the Self-Healing Concrete Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help understand the Self-Healing Concrete Market dynamic and structure by analyzing the market segments and projecting the Self-Healing Concrete Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Self-Healing Concrete Market make the report investor’s guide.
Self-Healing Concrete Market Scope: Inquiry Before Buying  



Self-Healing Concrete Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2017 to 2022
Market Size in 2022:
US $ 63.25 Bn.


Forecast Period 2023 to 2029 CAGR:
37 %
Market Size in 2029:
US $ 572.94 Bn.


 Segments Covered:
by Type
• Intrinsic healing
• Capsule based healing
• Vascular healing


by End-use
• Residential and Commercial
• Industrial
• Civil infrastructure



Self-Healing Concrete Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Self-Healing Concrete Market Key Players
• Basilisk
• Acciona Infraestructureas S.A.
• Akzo Nobel N.V.
• CEMEX S.A.B. de C.V.
• Sika AG
• Devan-Micropolis
• Fescon
• Avecom N.V.
• COWI A/S
• BASF SE
• Tarmac Trading Limited
• HEIDELBERGCEMENT AG
• LafargeHolcim
• Buzzi Unicem USA
• Kwik Bond Polymers
• Wacker Chemie AG
• Breedon Group plc

Frequently Asked Questions:

1] What segments are covered in the Self-Healing Concrete Market report?
Ans. The segments covered in the Self-Healing Concrete Market report are based on Type and End user

2] Which region is expected to hold the highest share in the Self-Healing Concrete Market?
Ans. The Europe region is expected to hold the highest share in the Self-Healing Concrete Market.

3] What is the market size of the Self-Healing Concrete Market by 2029?
Ans. The market size of the Self-Healing Concrete Market by 2029 is US $ 572.94 Bn.

4] What is the forecast period for the Self-Healing Concrete Market?
Ans. The Forecast period for the Self-Healing Concrete Market is 2023-2029.

5] What was the market size of the Self-Healing Concrete Market in 2022?
Ans. The market size of the Self-Healing Concrete Market in 2022 was US $ 63.25 Bn