Portland, OR, April 24, 2019 (GLOBE NEWSWIRE) -- The global self-healing concrete market was valued at $216,720.0 thousand in 2017 and is projected to reach $1,375,088.0 thousand by 2025, growing at a CAGR of 26.4% from 2018 to 2025.
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Self-healing concrete is developed with the aim to reduce maintenance cost while increasing life of civil engineering structures. The concept of self-healing has also been introduced in other material such as metal, polymer asphalt, and fiber enforced composites. Basilisk, based in Netherland, offers three type of products, which include healing agent, self-healing repair mortar MR3, and Liquid Repair system ER7. Currently, these materials are produced in less quantity for the construction market because they are being tested through various projects in different phases in the European market. Another research at Ghent University in Belgium, are embedding the bacteria in microcapsules or microgels, where they are expected to survive for hundreds of years.
The global self-healing concrete market is analyzed across four geographical regions, which include North America (the U.S., Canada and Mexico), Europe (Germany, France, UK, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and rest of Asia-Pacific) and LAMEA (Latin America and rest of LAMEA). Moreover, Europe is expected to hold the highest market share during the forecast period. Based on region, Asia-Pacific is expected to show significant market growth throughout the forecast period.
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The key players profiled in this report include Basilisk, Acciona Infraestructureas S.A., Avecom N.V., Comercializadora Espanola De Innovaciones Y Materiales, COWI A/S, Devan-Micropolis, and Fescon. Apart from Basilisk, other companies are profiled as they have participated in the HEALCON project for self-healing concrete.
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