Self-Healing Concrete Market Size by 2028 | Industry Segmentation, Application, Regions, Key News and Top Companies Profiles

Market Overview:

In addition, the global self-healing concrete market is expected to boost at a CAGR of 34%, with a value of USD 28 billion over the estimated forecasting year of 2021-2028.

Self-healing concrete is a synthetic building material capable of automatically healing the cracks and damages. It consists of a bacterium that produces limestone, which expands into a gel to fill the gaps upon coming in contact with water and air. The concrete seals the cracks to protect the steel framework from external impacts and minimizes the risks of corrosion. It is commonly available in autogenic and autonomic self-healing variants. The autogenously variants use moisture for the healing process, whereas the autonomous variants use capsules containing additional healing agents or bacteria spores. As a result, they find extensive applications in the construction of residential, commercial, industrial and civil infrastructure.

Significant growth in the construction industry across the globe is one of the key factors creating a positive outlook for the market. Furthermore, the increasing demand for environment-friendly, reliable and durable constructions is providing a thrust to the market growth. In line with this, the widespread adoption of vascular-based healing technologies for the construction of modern buildings is also contributing to market growth. They involve a series or network of tubes containing self-healing concrete, which are passed through the walls to reinforce the building. Additionally, various product innovations, such as the development of capsule-based self-healing concrete, are acting as other growth-inducing factors.

Market Segmentation:

According to the latest self-healing concrete market size report, the global market has been segmented into three sections form, by end-use and regional analysis. With the form section, the market is segmented into two sections extrinsic and intrinsic. With the end-use section, the global market is divided into three sections residential and commercial, industrial and civil infrastructure. According to the regional section, the global market is further classified into five sections Asia-Pacific, Europe, North America, South America and Middle East Africa.

Regional Analysis:

In the recent past, Asia-Pacific witnessed significant growth in the demand for self-healing concrete market, especially from countries like China and India. The consumption of self-healing materials in the Asia-Pacific region is expected to grow drastically, owing to the increasing lifespan, durability, safety, efficiency, and performance. Countries like China and India are the leading market in this region due to the demand in the automotive, electronics, construction, and healthcare industries.

Additionally, there has been increasing demand from the Southeast Asian countries for self-healing materials for usage in industries like construction, healthcare, etc. Hence, owing to the above-mentioned reasons, Asia-Pacific is likely to witness the highest growth rate during the forecast period.

The self-healing concrete market is expected to register a significantly rapid revenue growth rate during the forecast period. The rising investment in large-scale infrastructure projects has led to an increase in demand for sustainable construction materials to reduce the cost of maintenance and repair. This is expected to contribute to market revenue growth during the forecast period. The large enterprises in countries in the region are expanding their respective businesses by providing support and technical expertise in developing countries for large scale infrastructure projects.

Industrial News:

The global self-healing concrete market is moderately consolidated as the top players account for a significant share of the market. Some of the key players in the market include Autonomic Materials, Inc., Goodyear, NEI Corporation., BASF SE, and BAYER AG, among others.

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. MRFR’s approach combines the proprietary information with various data sources to give an extensive understanding to the client about the latest key developments, expected events and also about what action to take based on these aspects.

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