Self-Healing Concrete Market Size

Self-Healing Concrete Market size was over USD 73.79 billion in 2023 and is poised to cross USD 2.77 trillion by 2036, witnessing more than 32.2% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of self-healing concrete is evaluated at USD 92.8 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.