Global Market Size, Forecast, and Trend Highlights Over 2025-2037
Self-Healing Concrete Market size was over USD 97.55 billion in 2024 and is projected to reach USD 3.67 trillion by 2037, growing at around 32.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of self-healing concrete is assessed at USD 124.25 billion.
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.
Self-Healing Concrete Sector: Growth Drivers and Challenges
Growth Drivers
- Growing Construction Activities in the World
- Need to Reduce Maintenance Cost of Buildings
Challenges
- High Initial Cost of Self-Healing Concrete
Self-Healing Concrete Market: Key Insights
|
2023 |
|
|
Forecast Year |
2024–2036 |
|
CAGR |
32.2% |
|
Base Year Market Size (2023) |
USD 73.79 billion |
|
Forecast Year Market Size (2036) |
USD 2.77 trillion |
|
Regional Scope |
|
Self-Healing Concrete Segmentation
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 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.
Our in-depth analysis of the global market includes the following segments:
|
Type |
|
|
Application |
|
Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.
Customize this ReportSelf-Healing Concrete Industry - Regional Synopsis
On the basis of geographical analysis, the self-healing concrete market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Asia Pacific industry is set to account for largest revenue share by 2037, 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.
Companies Dominating the Self-Healing Concrete Landscape
- 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
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.
Author Credits: Rajrani Baghel
- Report ID: 3259
- Published Date: Dec 26, 2024
- Report Format: PDF, PPT
