Global Self Healing Concrete Market Major Players 2024, Forecast To 2033
28 Mar, 2024
The self-healing concrete market size has experienced substantial growth, escalating from $50.45 billion in 2023 to $68.84 billion in 2024, representing a notable CAGR of 36.5%. This growth in the historic period is primarily attributed to enhancements in durability, ongoing infrastructure development initiatives, advancements in material science, sustainability concerns, and the promotion of preventive maintenance practices. Looking ahead, the market is poised for continued expansion, with a projected size of $215.41 billion in 2028 and a CAGR of 33.0%. Factors expected to drive growth in the forecast period include initiatives related to smart cities, increasing urbanization rates, emphasis on infrastructure resilience, integration with green building practices, and heightened adoption in residential construction. Significant trends forecasted include technological innovations, increased research and development efforts, the utilization of microbial-induced calcite precipitation (MICP), incorporation of capsules and vascular systems, as well as advancements in nanotechnology for improved healing agents.
Global Self Healing Concrete Market Key Driver
The ascending growth of the construction industry globally is expected to propel the growth of the self-healing concrete market going forward. The construction industry encompasses various activities related to the planning, design, development, and execution of structures, facilities, and infrastructure projects. Self-healing concrete is used in the construction industry to repair cracks and damage autonomously by mitigating the progression of micro-cracks; it can significantly extend the lifespan of infrastructure. For instance, in February 2022, according to the Office for National Statistics, a UK-based administrative office, the annual construction sector rose by a record 12.7% in 2021 compared to the previous year. Further, in December 2023, according to Statistics Canada, a Canada-based government statistical agency, the investment in building construction increased by 2.7% to $19.4 billion in 2023. Therefore, the growth of the construction industry is driving the self-healing concrete market, which is estimated to reach $xx billion in 2023, $xx billion in 2024, with a projected market size of $xx billion by 2028.
Get A Free Sample Of The Global Self Healing Concrete Market ReportGlobal Self Healing Concrete Market Segments
The self-healing concrete market covered in this report is segmented –
1) By Type: Biotic, Abiotic
2) By Form: Intrinsic, Extrinsic, Capsule Based, Vascular
3) By End User: Residential, Industrial, Commercial, Civil Infrastructure
By Geography:The regions covered in the self-healing concrete market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
Europe was the largest region in the self-healing concrete market in 2023. The regions covered in the self-healing concrete market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Self Healing Concrete Industry Players
BASF SE, Holcim, HeidelbergCement, CEMEX S.A.B. de C.V., Sika AG, Acciona Infraestructuras S.A., Akzo Nobel N.V., RPM International, Wacker Chemie AG, Tarmac, Breedon Group plc, Corbion, GCP Applied Technologies, COWI A/S, Kryton, Giatec Scientific Inc., Xypex Chemical Corporation, Polycoat Products, PENETRON, Fescon Oy., Oscrete Construction Products, Buzzi Unicem USA, Hycrete Inc., Kwik Bond Polymers, Avecom N.V., Green-Basilisk BV, Firth, Basilisk, Devan Micropolis, Comercializadora Espanola De Innovaciones Y Materiales
Get The Full Global Self Healing Concrete Market ReportSelf Healing Concrete Market Overview
Self-healing concrete is a type of concrete with an innovative design to repair cracks that develop over time without needing external intervention. Its use can contribute to improved durability, reduced maintenance costs, and increased sustainability in construction projects.
Self Healing Concrete Global Market Report 2023 provides data on the global self healing concrete market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The self healing concrete market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.