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Global Self-Healing Concrete Market Overview 2033 : Forecasted Market Size And Growth Rate | BASF SE, Holcim, HeidelbergCement, CEMEX S.A.B. de C.V., Sika AG, Acciona Infraestructuras S.A
Global Self-Healing Concrete Marke
The Business Research Company presents an extensive market research report on the Self-Healing Concrete Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The self-healing concrete market size has grown exponentially in recent years. It will grow from $50.45 billion in 2023 to $68.84 billion in 2024 at a compound annual growth rate (CAGR) of 36.5%. The growth in the historic period can be attributed to durability enhancement, infrastructure development, advancements in material science, sustainability concerns, preventive maintenance.
The self-healing concrete market size is expected to see exponential growth in the next few years. It will grow to $215.41 billion in 2028 at a compound annual growth rate (CAGR) of 33.0%. The growth in the forecast period can be attributed to smart cities initiatives, rising urbanization, infrastructure resilience, integration with green building practices, adoption in residential construction. Major trends in the forecast period include technological innovations, increased research and development, microbial-induced calcite precipitation (micp), use of capsules and vascular systems, nanotechnology for improved healing agents.
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Key Market Players:
Major companies operating in the self-healing concrete market report are 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
Market Drivers:
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.
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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
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