Self-Healing Concrete Market Size, Share And Forecast 2024-2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Self-Healing Concrete Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $215.41 billion In 2028 At A CAGR Of 33.0%

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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Self-Healing Concrete Market Major 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 Driver - 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.

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Prominent Trend - 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.

Self-Healing Concrete 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

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Largest And Fastest Growing Region In The Market
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.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Self-Healing Concrete Market Report Structure
3. Self-Healing Concrete Market Trends And Strategies
4. Self-Healing Concrete Market - Macro Economic Scenario
5. Self-Healing Concrete Market Size And Growth
…..
27. Self-Healing Concrete Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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