Self-healing Concrete Market Forecast | 2023-28

Market Insights

The self-healing concrete market was estimated to grow from US$ 47.74 Billion in 2022 to reach US$ 306.12 Billion by 2028 at a CAGR of 36.3% during the forecast period.

Want to know more about the market scope:

What is self- healing concrete?

Self-healing concrete is a type of synthetically created concrete that has special ability to self-heal damages and cracks. When self-healing concrete comes in contact with water and air, it produces limestone. Bridges and all road projects employ self-healing concrete as they frequently experience minor cracks owing to severe loads and require continual maintenance.

Key Players

Some of the top players in the market are:

• Basilisk
• PENETRON
• KCryton
• Xypex Chemical Corporation
• Sika AG
• BASF SE
• Hycrete, Inc.
• Cemex
• Oscrete
• GCP Applied Technologies.

Market Dynamics

These factors are expected to boost the demand for market in the coming year:

• Increasing demand for highly durable constructions, such as commercial, residential, infrastructure, and industrial.
• Also, surge in demand for reduction in the structural maintenance of buildings.

Want to have a closer look at this market: 

Segment Analysis

Form Trends

The market is segmented as intrinsic healing, capsule-based healing and vascular healing. The capsule-based healing segment is expected to exhibit promising growth during the assessment period.

The segment’s growth is owing to its various benefits such as healing of larger cracks, which require fewer external requirements to regain full strength and also, stays protected during the process of mixing.

Application Trends

The market is segmented as residential, industrial, commercial and infrastructure. The infrastructure application segment held the largest market share of more than 57% in 2022 and is expected to experience significant growth over the period of 2023-28.

The increase in the number of construction activities for office buildings, institutions, healthcare centers, education centers, hotels, restaurants, and other commercial complexes is expected to drive the growth of the segment during the period of 2023-2028.

Regional Analysis

Europe dominated the market with more than 51% share in 2022. Currently, not only the region accounts for the highest share of the global market but also, it is estimated to maintain its irrefutable lead during the forecast period.

Know the global insights:

The growth of the region’s market is owing to the presence of huge construction and multiple research projects in the region. Furthermore, countries such as China and Japan have immense potential to provide the required momentum for the regional market growth in the Asia-Pacific region in the coming years.

Segmentation

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The market is segmented into the following categories:

By Form Type:

• Intrinsic Healing
• Capsule-based Healing 
• Vascular Healing 

By Application Type:

• Residential 
• Industrial 
• Commercial 
• Infrastructure 

By Region:

• North America (USA, Canada, and Mexico)
• Europe (Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market.

The following are the key features of the report:

• Industry life cycle and supply chain analysis.
• Environment analysis: Growth drivers and constraints, Porter’s five forces and SWOT analysis.
• Trend and forecast analysis.
• Segment trend and forecast.
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing and new players.
• Key success factors.

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Target Audience

The target audience of the self-healing concrete market includes-

• Vendors
• Manufacturers
• Distributors
• Organizations
• Government Bodies.

Critical Questions Answered in the Report

This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global market. The historic years considered for the study are 2017-2028, base year is 2022, estimated year is 2023, and Assessment period is 2023-2028. Following are the critical questions answered in the report.

• What are the key trends in the global market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on global market?
• What are the key strategies adopted by the major vendors to lead in the global market?
• What is the market share of the top vendors?

Customization Options

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation by any one of the form types by application type. 

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.