Self-healing Concrete Market Worth $1,375,088.0 Thousand by 2025 | Key Drivers, Restraints & Opportunity

According to a new report published by Allied Market Research, titled, "Self-healing concrete market by type, end-user and region: Global Opportunity Analysis and Industry Forecast, 20182025," The global self-healing concrete market size was valued at $216,720.0 thousand in 2017 and is projected to reach $1,375,088.0 thousand by 2025, growing at a CAGR of 26.4% from 2018 to 2025. In 2017, Europe dominated the global market, in terms of revenue, accounting for the highest share of the global market.

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Europe is currently serving as the most important region to start the initial projects in diverse industry verticals that are significantly investing in self-healing concrete industry. Moreover, the selected type of the bacteria genus Bacillus offers self-healing of concrete. This increases the lifespan of concrete structures, which is anticipated to boost the demand for self-healing concrete. Furthermore, the Europe self-healing concrete market is projected to generate the highest market revenue during the forecast period, owing to deployments in the construction industries.

Self-healing concrete is a material, which is capable of repairing itself back to the original state. Specific group of alkali-resistant spore-forming bacteria related to the genus Bacillus is selected for this purpose. Bacterial concrete refers to a new generation concrete in which selective cementation by microbiologically-induced CaCO3 precipitation that serves as the remediation of micro-cracks.

Self-healing concrete contains bacteria genus Bacillus that are active by contact with moisture or water and then use the calcium lactate as a food source, and produces limestone. As a result, these limestones fills the cracks leading to self-repair for the damage. These bacterias can survive in alkaline nature of concrete and lie dormant within the concrete for up to two hundred years.

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Key Market Segments

The global self-healing concrete market is segmented into type, end users, and region. Based on type, the global self-healing concrete market is segmented into intrinsic healing, capsule based healing, and vascular healing. Based on end user, it is divided into residential and commercial, industrial, and civil infrastructures. Based on region, it is analyzed across North America, Europe, Asia-Pacific and LAMEA. The civil infrastructures segment is anticipated to dominate the self-healing concrete market throughout the study period.

Key Players

The major players, such as Basilisk, Acciona Infraestructureas S.A., Avecom N.V., Comercializadora Espanola De Innovaciones Y Materiales, COWI A/S, Devan-Micropolis and Fescon.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

This release was published on openPR.