Self-Healing Concrete Market Size - By Concrete Type (Biotic Concrete, Abiotic Concrete), By Form (Intrinsic, Capsule Based, Vascular), By Application (Residential Construction, Commercial Construction, Infrastructure, Industrial Construction) & Forecast, 2023 – 2032
Published on: 2024-07-08 | No of Pages : 240 | Industry : Construction
Publisher : MRA | Format : PDF&Excel
Self-Healing Concrete Market Size - By Concrete Type (Biotic Concrete, Abiotic Concrete), By Form (Intrinsic, Capsule Based, Vascular), By Application (Residential Construction, Commercial Construction, Infrastructure, Industrial Construction) & Forecast, 2023 – 2032
Self-Healing Concrete Market Size - By Concrete Type (Biotic Concrete, Abiotic Concrete), By Form (Intrinsic, Capsule Based, Vascular), By Application (Residential Construction, Commercial Construction, Infrastructure, Industrial Construction) & Forecast, 2023 – 2032
Self-healing Concrete Market Size
Self-Healing Concrete Market was valued at around USD 56 billion in 2022 and is anticipated to expand at 31.5% CAGR from 2023 to 2032, driven by the increasing demand for durable and sustainable construction materials, coupled with the rising awareness of the environmental and economic benefits of self-healing concrete. Moreover, the growing emphasis on infrastructure development, particularly in emerging economies, is fueling the adoption of self-healing concrete as a forward-looking solution for ensuring the longevity and resilience of civil engineering structures.
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One significant pitfall is the cost associated with the production of self-healing concrete. The incorporation of advanced healing agents, such as encapsulated bacteria or shape-memory polymers, adds to the overall expense of manufacturing, making self-healing concrete a pricier alternative compared to traditional concrete. This financial barrier may limit its widespread adoption, particularly in regions where construction budgets are constrained.
Report Attribute | Details |
---|---|
Base Year | 2022 |
Self-healing Concrete Market Size in 2022 | USD 56 Billion |
Forecast Period | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR | 31.5% |
2032 Value Projection | USD 863.6 Billion |
Historical Data for | 2018 to 2022 |
No. of Pages | 210 |
Tables, Charts & Figures | 191 |
Segments covered | Concrete Type, Form, Application |
Growth Drivers |
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Pitfalls & Challenges |
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COVID-19 Impact
The construction industry faced disruptions due to lockdowns, labor shortages, and supply chain interruptions, leading to project delays and a slowdown in new construction activities. This resulted in a temporary setback for the self-healing concrete market as construction projects were put on hold or scaled back, reducing the immediate demand for advanced construction materials. Additionally, economic uncertainties during the pandemic prompted cost-conscious decisions in the construction sector, potentially limiting investments in innovative but relatively expensive solutions like self-healing concrete.
Self-healing Concrete Market Trends
One notable trend is the increasing emphasis on bio-based healing agents. Researchers are exploring organic materials, such as bacteria and fungi, that can contribute to the self-repair capabilities of concrete. This shift towards bio-inspired solutions aligns with the broader movement towards environmentally friendly construction practices. Furthermore, the integration of nanotechnology in self-healing concrete is gaining momentum. Nanoparticles, like polymers and capsules, are being incorporated to enhance the material's mechanical properties and facilitate more efficient healing processes at the microscopic level. This not only strengthens the overall structure but also enables quicker and more precise repairs.
Another prominent trend is the utilization of sensor technology in self-healing concrete applications. Smart concrete, equipped with sensors, can detect damage and trigger the healing process autonomously. This integration of sensor technology adds a layer of real-time monitoring and responsiveness, contributing to the overall efficiency and effectiveness of self-healing concrete in maintaining structural integrity.
Self-healing Concrete Market Analysis
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The biotic concrete segment valuation crossed USD 35.30 billion in 2022. Biotic Concrete, also known as bio-based self-healing concrete, incorporates living microorganisms such as bacteria or fungi into its composition. These microorganisms remain dormant within the concrete until cracks occur, at which point they are activated to produce minerals that fill the fissures, promoting autonomous healing. Biotic Concrete aligns with the growing demand for sustainable and eco-friendly construction solutions, and its market share is expanding as environmental consciousness becomes integral to construction practices.
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The intrinsic form segment held around 39.82% market share in 2022 and is expected to grow at a lucrative pace by 2032. Intrinsic self-healing concrete refers to a formulation where the healing agents are an inherent part of the concrete mix, providing autonomous repair capabilities without the need for external interventions. This category is gaining traction due to its simplicity and seamless integration into conventional construction practices, contributing to a notable share of the market.
Based on application, the residential construction captured the dominant market in 2022 and is anticipated to grow through 2032. In residential construction, the integration of self-healing concrete is gaining traction as homeowners seek durable and low-maintenance solutions. The market share in this segment is growing as awareness increases regarding the benefits of self-healing concrete in ensuring the longevity of residential structures.
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North American self-healing concrete market size exceeded USD 12.86 billion in 2022 and is anticipated to expand at a significant pace from 2023 to 2032. In the United States and Canada, where aging infrastructure is a concern, the demand for self-healing concrete is particularly pronounced. The application of self-healing concrete in the repair and maintenance of bridges, highways, and other critical structures aligns with the region's infrastructure development goals. Moreover, stringent environmental regulations and a focus on sustainable construction practices contribute to the increasing market share of self-healing concrete in North America.
Self-healing Concrete Market Share
Some of the major market players operating in the Self-healing Concrete industry are
- Basilisk BV
- Acciona
- Akzo Nobel N.V.
- Sika AG
- Cemex
- BASF
- Bouygues Construction
- Kryton
- Breedon Group plc
- Xypex Chemical Corporation
- PENETRON
- BORAL
These players focus on strategic partnerships, new product launch & commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
Basilisk BV, Akzo Nobel, Sika AG are some of the major players in the self-healing concrete industry. Basilisk BV is a Dutch company that develops and manufactures self-healing concrete products. The company's technology is based on micro-organisms that produce limestone, which can autonomously repair cracks in concrete structures. Basilisk's self-healing concrete products are applicable for both new constructions and existing structures and can currently repair cracks up to 1 mm in size.
Self-healing Concrete Industry News
In March 2023, BASF acquired Master Builders Solutions, a German company that develops construction chemicals. The acquisition is expected to give BASF access to Master Builders Solutions' expertise in self-healing concrete.
This self-healing Concrete market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Kilo Tons from 2018 to 2032, for the following segments
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Market, By Concrete Type
- Biotic Concrete
- Abiotic Concrete
Market, By Form
- Intrinsic
- Capsule Based
- Vascular
Market, By Application
- Residential Construction
- Commercial Construction
- Infrastructure
- Industrial Construction
- Other
The above information is provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Malaysia
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
- Egypt
Table of Content
Report Content
Chapter 1 Methodology & Scope
1.1 Industry coverage
1.2 Market scope & definition
1.3 Base estimates & calculations
1.3.1 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact analysis at global level
1.6 Data validation
1.7 Data Sources
1.7.1 Primary
1.7.2 Secondary
1.7.2.1 Paid sources
1.7.2.2 Unpaid sources
Chapter 2 Executive Summary
2.1 Self-healing Concrete industry 360º synopsis, 2018 – 2032
2.2 Business trends
2.3 Concrete type trends
2.4 Form trends
2.5 Application trends
2.6 Regional trends
Chapter 3 Self-healing Concrete Industry Insights
3.1 Industry ecosystem analysis
3.2 Industry impact forces
3.2.1 Growth drivers
3.2.2 Industry pitfalls & challenges
3.3 Growth potential analysis
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
3.5.1 U.S.
3.5.2 Europe
3.6 Pricing analysis, 2022
3.7 Technology landscape
3.7.1 Future market trends
3.8 Porter's analysis
3.9 PESTEL analysis
3.10 Russia-Ukraine War Impact on the industry
Chapter 4 Competitive Landscape, 2022
4.1 Introduction
4.2 Global company market share analysis, by region, 2022
4.2.1 North America
4.2.2 Europe
4.2.3 Asia Pacific
4.2.4 Latin America
4.2.5 Middle East & Africa
4.3 Competitve analysis
4.4 Competitive positioning matrix
4.5 Strategy dashboard
Chapter 5 Self-healing Concrete Market Size and Forecast, By Concrete Type 2018 - 2032
5.1 Biotic Concrete
5.2 Abiotic Concrete
Chapter 6 Self-healing Concrete Market Size and Forecast, By Form 2018 - 2032
6.1 Intrinsic
6.2 Capsule Based
6.3 Vascular
Chapter 7 Self-healing Concrete Market Size and Forecast, By Application 2018 - 2032
7.1 Residential Construction
7.2 Commercial Construction
7.3 Infrastructure
7.4 Industrial Construction
7.5 Other
Chapter 8 Self-healing Concrete Market Size and Forecast, By Region 2018 - 2032
8.1 Key trends, by region
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 France
8.3.4 Spain
8.3.5 Italy
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 South Korea
8.4.6 Indonesia
8.4.7 Malaysia
8.5 Latin America
8.5.1 Brazil
8.5.2 Mexico
8.5.3 Argentina
8.6 MEA
8.6.1 South Africa
8.6.2 Saudi Arabia
8.6.3 UAE
8.6.4 Egypt
Chapter 9 Company Profiles
9.1 Basilisk BV
9.2 Acciona
9.3 Akzo Nobel N.V.
9.4 Sika AG
9.5 Cemex
9.6 BASF
9.7 Bouygues Construction
9.8 Kryton
9.9 Breedon Group plc
9.10 Xypex Chemical Corporation
9.11 PENETRON
9.12 BORAL