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CHEMICALS AND ADVANCED MATERIALS

Self-Healing Concrete Market Segmentation by Type (Intrinsic, Vascular, and Capsule-Based); by Application (Residential, Industrial, Commercial, and Civil Infrastructure) – Global Demand Analysis & Opportunity Outlook 2030

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Extensive insights into the Growth of Self-Healing Concrete Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS

·    March 2021: Scientists from the Polytechnic Institute of the Far Eastern Federal University (FEFU) in Vladivostok, Russia, collaborated with other colleagues from Russia, Saudi Arabia and India to develop a self-healing concrete material by using bacteria Bacillus cohnii, that provides extended structure stability.

Global Self-Healing Concrete Market Highlights 2022 – 2030

The global self-healing concrete market is estimated to garner a large revenue and grow at a CAGR of ~31% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the increasing construction activities around the world, growing need to reduce the structural maintenance of buildings and rising demand for durable constructions. It was calculated that in 2021, the total number of construction projects in the world will increase by almost 6 percent from the previous year. In the United States alone, the total construction spending is evaluated to increase by more than 8% this year. In addition, high return on investment offered by the use of self-healing concrete is another factor expected to drive market growth in the upcoming years. Furthermore, there is a surge in demand for sustainable infrastructural activities which are not only environment-friendly but also highly cost-effective in the long run. This in turn is projected to provide abundant growth opportunities to the market in the near future.

Global Self-Healing Concrete Market

The market is segmented by type into intrinsic, vascular and capsule-based, out of which, the vascular segment is anticipated to hold the largest share in the global self-healing concrete market on account of the high usage of this type of self-healing concrete at locations where a crack is likely to occur. Along with this, the capsule-based segment is evaluated to witness the highest growth during the forecast period owing to the benefits of this type of concrete such as high strength, ease of convenience to use at a large scale and ability to create concrete matrix. Additionally, on the basis of application, the civil infrastructure segment is assessed to grab the largest share over the forecast period, which can be credited to the increasing number of initiatives by companies to commercialize the development of the product, and strong resistance of this concrete to several chemical and physical factors. CLICK TO DOWNLOAD SAMPLE REPORT 

Global Self-Healing Concrete Market Regional Synopsis

On the basis of geographical analysis, the global self-healing concrete market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of rapidly increasing population, rapid rate of industrialization, and growing economies of countries such as China and India. Apart from these, rising per capita income of emerging economies in the region, low labor cost and high abundance of resources are also projected to drive market growth in the coming years. According to the World Bank, the per capita income of China in 2020 increased up to USD 10,500.4, and the same quantity in India grew up to USD 1,900.7 that year. Moreover, the market in Europe is expected to gather the largest share during the forecast period ascribing to the escalating number of government initiatives supporting the use of self-healing concrete and increasing number of construction-based activities in Germany, France and the United Kingdom.

The global self-healing concrete market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Market Segmentation

Our in-depth analysis of the global self-healing concrete market includes the following segments:

By Type

  • Intrinsic
  • Vascular
  • Capsule-Based

By Application

  • Residential
  • Industrial
  • Commercial
  • Civil Infrastructure

Growth Drivers

  • Growing Construction Activities in the World
  • Need to Reduce Maintenance Cost of Buildings

Challenges

  • High Initial Cost of Self-Healing Concrete

Top Featured Companies Dominating the Market

  • Acciona Infraestructureas S.A.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Avecom N.V.
  • Basilisk-Contracting BV
  • Sika AG
  • Hycrete, Inc.
  • BASF SE
  • COWI A/S
  • Penetron International, Ltd.
  • Kryton International Inc.
  • Devan International Group NV

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