Press release
Self-Healing Concrete Market Industry Analysis, Business Development, Size, Forecast To 2033
Self-Healing Concrete Market
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.
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.
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Growth Of Construction Industry Propelling The Self-Healing Concrete Market
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.
Competitive Landscape -
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
Innovative Self-Healing Concrete Products Transforming The Construction Industry
Major companies operating in the self-healing concrete market are developing innovative products such as sustainable self-healing concrete with advanced features to serve customers better. Sustainable self-healing concrete is a type of construction material that possesses the ability to repair cracks and damage autonomously, enhancing its durability and longevity. For instance, in February 2022, JP Concrete, a Nottinghamshire-based innovative concrete products manufacturer, launched a Sensicrete. Sensicrete is JP Concrete's sustainable, self-healing concrete product. It is a bio-based, self-healing concrete initially created to add value to JP Concrete's precast products. It uses a bacteria-based self-healing chemical to assist concrete mend fissures.
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Key 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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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