Newark, May 22, 2023 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the self-healing concrete market will grow from USD 39 billion in 2022 and reach USD 598.4 billion by 2032. Large-scale infrastructure project growth is a strong element which has pushed the self-healing concrete market.
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Europe to account for largest market size during the forecast period.
Europe is expected to have the largest market share in the self-healing concrete market. The growth of the self-healing concrete market in North America region is the positive signs about governmental and private debt in Europe are encouraging the growth of the construction industry, which is expected to contribute approvingly to market development. Germany and other Western European countries make a significant contribution to the development of the global building market. The government's multiple steps and continuous projects have pushed the market's growth. The country, during the covid, made better supporting efforts for its economy, which led to the country's favourable expansion in comparison to France and the United Kingdom.
The capsule segment accounted for the largest market share of 39% and market revenue of 15.21 billion in 2022.
The form segment is divided into capsule, vascular, and intrinsic. The capsule segment dominated the market, with a market share of around 39% and market revenue of 15.21 billion in 2022. The capsule-based healing is anticipated to show favourable growth during the projection duration due to its different advantages, including healing bigger cracks, demanding less external needs to regain full strength, and remaining protected during mixing.
The civil infrastructures segment accounted for the largest market share of 28% and market revenue of 10.92 billion in 2022.
The application segment is divided into commercial, residential, civil infrastructure, and industrial. The civil infrastructures segment dominated the market, with a market share of around 28% and market revenue of 10.92 billion in 2022. Civil Infrastructures such as roads, dams, bridges, and tunnels are subjected to constant strain and are possible to create cracks. Thus, there is high demand for self-healing concrete in civil infrastructures to reduce the maintenance cost.
Advancement in market
In January 2020, Autonomic Materials looked at self-healing materials with protecting coating systems. Trials demonstrated the increased value of the low VOC aqueous self-healing coating for corrosion resistance.
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Market Dynamics
Drivers: It enhances compressive strength
The compressive strength of concrete is improved with microbial-induced calcium carbonate precipitation. Therefore, it forms bacterial concrete stronger than conventional concrete. When bacteria interact with the concrete matrix, it increases the compressive strength. Calcium carbonate production in bacterial concrete is a binding agent and seals the pores. Eventually, it also enhances the adhesive property of the concrete.
Restraints: High Cost
The cost of self-healing concrete is about double that of conventional concrete, so self-healing concrete would only be a feasible product for typical civil engineering structures where the price of concrete is much higher on account of being much higher quality, for instance, tunnels linings and marine structures where safety is a substantial element or in structures where there is limited access open for repair and maintenance.
Opportunities: Increasing investment in large-scale infrastructure projects
Large-scale infrastructure project growth is a strong element increasing global demand for self-healing concrete. Different nations are collaborating and investing in infrastructure schemes for long-term advantages, and this is an essential element donating to revenue expansion of the global self-healing concrete market. Increasing investment in large-scale infrastructure projects and smart cities is an important element raising the global self-healing concrete market growth currently. Growing opportunities in developing countries and enhancing the ease of doing business are resulting in large enterprises making significant investments in offshore infrastructure projects.
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Some of the major players operating in the self-healing concrete market are:
• Xypex Chemical Corporation
• Wacker Chemie AG
• Polycoat Products
• Oscrete Construction Products
• Kwik Bond Polymers
• Green-Basilisk BV
• Giatec Scientific Inc.
• GCP Applied Technologies Inc.
• Fescon Oy.
• Corbion
• Comercializadora Espanola De Innovaciones Y Materiales
• CEMEX S.A.B. de C.V.
• Buzzi Unicem USA
• Breedon Group plc
• Avecom N.V.
• Acciona Infraestructuras S.A.
Key Segments cover in the market:
By Form:
• Capsule
• Vascular
• Intrinsic
By Application:
• Commercial
• Residential
• Civil Infrastructure
• Industrial
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
About the report:
The market is analysed based on value (USD Billion). All the segments have been analysed worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyses driving factors, opportunities, restraints, and challenges for gaining critical insight into the market. The study includes porter's five forces model, attractiveness analysis, Product analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channels analysis.
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