PUBLISHER: The Business Research Company | PRODUCT CODE: 1455521
PUBLISHER: The Business Research Company | PRODUCT CODE: 1455521
Self-healing concrete is a specialized type of concrete engineered with innovative features to automatically repair cracks that naturally occur over time, eliminating the need for external intervention. The use of self-healing concrete can result in improved durability, reduced maintenance costs, and increased sustainability in construction projects.
Biotic and abiotic are the two main types of self-healing concrete. Biotic self-healing concrete utilizes agents such as minerals, bacteria, and microorganisms to stimulate the healing process and repair cracks that develop over time. This type of concrete is available in different forms, including intrinsic, extrinsic, capsule-based, and vascular. These various forms have applications in a range of settings, including residential, industrial, commercial, and civil infrastructure projects.
The self-healing concrete market research report is one of a series of new reports from The Business Research Company that provides self-healing concrete market statistics, including self-healing concrete industry global market size, regional shares, competitors with a self-healing concrete market share, detailed self-healing concrete market segments, market trends and opportunities, and any further data you may need to thrive in the self-healing concrete industry. This self-healing concrete market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 observed growth in the historical period of self-healing concrete can be attributed to several key factors. The demand for durability enhancement in construction materials has driven the adoption of innovative solutions such as self-healing concrete. Increased initiatives in infrastructure development have created a conducive environment for the application of advanced construction materials. Advancements in material science, including the development of self-healing technologies, have played a pivotal role. Growing concerns about sustainability and a heightened focus on preventive maintenance practices have further fueled the interest and adoption of self-healing concrete in the construction industry.
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 anticipated growth in the forecast period for self-healing concrete is expected to be driven by several key factors. Initiatives related to smart cities, the continued trend of rising urbanization, a focus on enhancing infrastructure resilience, integration with green building practices, and increased adoption in residential construction are all significant contributors.
The anticipated growth of the self-healing concrete market is driven by the ascending trajectory of the global construction industry. The construction industry encompasses a wide range of activities related to the planning, design, development, and execution of structures, facilities, and infrastructure projects. Self-healing concrete, a crucial component in construction, is designed to autonomously repair cracks and damage, thereby mitigating the progression of micro-cracks and significantly extending the lifespan of infrastructure. According to the Office for National Statistics in February 2022, the annual construction sector in the UK experienced a record 12.7% growth in 2021 compared to the previous year. Similarly, Statistics Canada reported in December 2023 that the investment in building construction in Canada increased by 2.7% to $19.4 billion in 2023. These figures underscore the substantial role of the growing construction industry in driving the self-healing concrete market.
Key players in the self-healing concrete market are actively engaged in developing innovative products to better serve customers, including sustainable self-healing concrete with advanced features. Sustainable self-healing concrete possesses the ability to autonomously repair cracks and damage, enhancing its durability and longevity. In February 2022, JP Concrete, an innovative concrete products manufacturer based in Nottinghamshire, introduced Sensicrete. Sensicrete is a bio-based, self-healing concrete product designed to add value to JP Concrete's precast products. Utilizing a bacteria-based self-healing chemical, Sensicrete aids in the autonomous mending of fissures, contributing to the overall sustainability of the construction material.
In September 2022, Saint-Gobain S.A., a France-based manufacturing company, acquired GCP Applied Technologies for $2.3 billion. This acquisition is part of Saint-Gobain's strategic plan to strengthen its leadership in construction chemicals and enhance its geographic presence, particularly in North America and other markets. GCP Applied Technologies, a US-based provider of high-performance specialty construction chemicals and building materials, includes self-consolidating concrete (SCC) among its offerings, aligning with Saint-Gobain's objectives in the self-healing concrete market.
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
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 countries covered in the self-healing concrete market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The self-healing concrete market consists of sales of bacterial concrete, polymer-based self-healing, mineral precipitation and nano-additives. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Self-Healing Concrete Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on self-healing concrete market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for self-healing concrete ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The self-healing concrete market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.