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REPORT SCOPE & OVERVIEW:

Self-healing Concrete Market Revenue Analysis

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The Self-healing Concrete Market Size was valued at USD 88.85 Billion in 2023 and is expected to reach USD 1612.76 Billion by 2032 and grow at a CAGR of 38% over the forecast period 2024-2032.

Regular concrete, a workhorse of construction, has a major crack. These cracks allow water and harmful substances to seep in, accelerating degradation from weather, chemicals, and freeze-thaw cycles. Additionally, exposed reinforcement steel suffers from rust, compromising structural integrity. Repairs for cracked concrete are not only expensive but also time-consuming.

 

Self-healing concrete, a revolutionary material with the potential to transform the construction industry. This innovative material comes in two main forms:

Encapsulated Healing Agent: Microscopic capsules embedded within the concrete contain a healing agent like resin or epoxy. When a crack appears, these capsules break open, releasing the agent to automatically fill the void.

Bio-concrete: This type utilizes bacteria that produce calcium carbonate (limestone) in the presence of water. When a crack develops, water triggers the bacteria to produce limestone, effectively plugging the crack.

Studies suggest it can significantly reduce crack formation by up to 90%. Additionally, it has the potential to be 100% stronger than conventional concrete, leading to more robust structures. Perhaps the most exciting benefit is the potential to double the lifespan of concrete structures, drastically reducing maintenance costs and environmental impact.

MARKET DYNAMICS

KEY DRIVERS: 

  • Increased demand for reliable and durable construction

Traditional concrete is prone to cracking, which can lead to water infiltration, corrosion of steel reinforcement, and ultimately, structural failure. Self-healing concrete can help to mitigate these problems by automatically repairing cracks, which can extend the lifespan of structures and reduce the need for maintenance.

  • The need to reduce the cost of structural maintenance is growing.

  • Growing demand for sustainable and durable construction materials

RESTRAIN:

  • Uncertainty over Long-Term Performance

Self-healing concrete is a relatively new technology, and there is still some uncertainty over its long-term performance. More research is needed to determine how well this concrete will perform over decades of use.

  • There may be a lack of awareness among some construction professionals about its benefits and limitations.

OPPORTUNITY:

  • Self-healing concrete currently sees use in civil infrastructure, but there's room for growth in other areas

Self-healing concrete offers exciting possibilities beyond civil infrastructure. Imagine underground structures like tunnels and basements autonomously repairing cracks and leaks. Marine environments, where seawalls, piers, and offshore structures face constant corrosion, could benefit greatly from reduced maintenance needs. Precast concrete elements, including pipes and slabs, could be imbued with self-healing properties, minimizing future maintenance burdens.

  • Some governments are already promoting the use of sustainable construction materials.

CHALLENGES:

  • Cold climates or lack of moisture can hinder the bacteria's ability to heal cracks

Some self-healing methods, like those using bacteria, rely on specific environmental conditions to function effectively.

Russia-Ukraine War's Potential Impact on Self-Healing Concrete Market

The war is expected to slow down global construction industry growth. Pre-war forecasts predicted 3.9% growth in 2023, but this might be revised downwards, suggesting a potential decrease in overall construction spending that could impact investment in new technologies like self-healing concrete.

Global military spending reached $2.1 trillion in 2021, with Russia and Ukraine expected to significantly increase their spending in 2023 due to the war. While the exact amount diverted from research budgets is unknown, such a spending shift suggests potential cuts to research funding across various sectors, potentially impacting research into self-healing concrete.

Economic Uncertainty Impacts Construction Industry In 2023

Uncertainty hangs heavy over the construction industry in 2023. High inflation and rising interest rates make predicting future projects and costs a challenge. While existing backlogs, especially in energy and data centers, keep companies busy, a slowdown is expected later in the year. Persistent supply chain issues caused by transportation bottlenecks and geopolitical tensions further complicate matters. To navigate these disruptions, the industry may need to adopt new business models and partnerships.  The situation is compounded by a significant shortage of skilled workers, which hinders the industry's ability to meet project demands despite a strong pipeline. With inflation on the rise and the labor market downfall, companies may be forced to raise wages and benefits to attract and retain workers.

KEY MARKET SEGMENTS

By Form:

  • Intrinsic

  • Vascular

  • Capsule Based

In 2023, Vascular based self-healing concrete dominated the market, which uses tubes filled with healing agents threaded throughout the structure, held the biggest market share of over 68%.

Capsule-based self-healing concrete is fastest growing market. These tiny capsules are mixed directly into the concrete and burst open when cracks appear, releasing a healing agent that fills the gap. This makes them more convenient for widespread use in large-scale projects.

By End Use

  • Residential

  • Industrial

  • Commercial

  • Infrastructure

In 2023, self-healing concrete saw its biggest use accounting for over 63% of sales in infrastructure projects like bridges and roads. Construction companies are increasingly working with developers to bring this technology to market, all with the goal of making infrastructure projects last longer.

REGIONAL ANALYSIS

Europe holds supreme position in the self-healing concrete market, holding over global share of 55% and experiencing significant projected growth. A strong European construction industry, fueled by positive economic trends, is a key driver.

North America, a mature market for concrete, boasts innovation from established multinational companies heavily invested in R&D.

The Asia Pacific region witnesses a construction boom due to its growing population and economic powerhouses like China and India. This indirectly creates high demand for self-healing concrete as the construction materials market expands. All three regions are positioned for substantial growth in this promising technology.

Self-healing-Concrete-Market-Regional-Share-2023

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REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America  

Key players

Some of the major players in the Self-healing Concrete Market are BASF SE, Kryton, Cemex, RPM International, Basilisk, Sika AG, PENETRON, Xypex Chemical Corporation, GCP Applied Technologies, Hycrete, Inc., and other players.

RECENT TRENDS

  • Sika announced a significant acquisition in November 2021. They agreed to purchase MBCC Group, previously BASF Construction Chemicals, from a subsidiary of Lone Star Funds, a global private equity firm. The deal was valued at EUR 5.2 billion.

  • In July 2021, JP Concrete, the world's leading producer of environmentally friendly prefabricated steel products, concluded an agreement with Basilisk, a pioneer in self-healing materials technology, to use its new Sensicrete material.

Self-Healing Concrete Market Report Scope:
Report Attributes Details
Market Size in 2023  US$ 88.85 Bn
Market Size by 2032  US$ 1612.76 Bn
CAGR   CAGR of 38% From 2024 to 2032
Base Year 2023
Forecast Period  2024-2032
Historical Data  2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Form (Intrinsic, Vascular, Capsule Based)
• By Application (Residential, Commercial, Industrial, Infrastructure)
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles BASF SE, Kryton, Cemex, RPM International, Basilisk, Sika AG, PENETRON, Xypex Chemical Corporation, GCP Applied Technologies, Hycrete, Inc.,
Key Drivers • Increased demand for reliable and durable construction
• The need to reduce the cost of structural maintenance is growing.
• Growing demand for sustainable and durable construction materials
Key Restraints • Uncertainty over Long-Term Performance
• There may be a lack of awareness among some construction professionals about its benefits and limitations.

 

Frequently Asked Questions

Ans:  The Self-Healing Concrete Market is expected to grow at a CAGR of 38%.

Ans: Self-Healing Concrete Market size was USD 88.85 billion in 2023 and is expected to Reach USD 1612.76 billion by 2032.

Ans: Increased demand for reliable and durable construction driving the growth of the market.

Ans: Self-healing concrete is a relatively new technology, and there is still some uncertainty over its long-term performance.

Ans: Europe holds supreme position in the self-healing concrete market, holding over global share of 55% and experiencing significant projected growth.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Industry Flowchart

3. Research Methodology

4. Market Dynamics

4.1 Drivers

4.2 Restraints

4.3 Opportunities

4.4 Challenges

5. Impact Analysis

5.1 Impact Of Russia Ukraine Crisis

5.2 Impact of Economic Slowdown on Major Countries

5.2.1 Introduction

5.2.2 United States

5.2.3 Canada

5.2.4 Germany

5.2.5 France

5.2.6 UK

5.2.7 China

5.2.8 Japan

5.2.9 South Korea

5.2.10 India

6. Value Chain Analysis

7. Porter’s 5 Forces Model

8.  Pest Analysis

9. Self-healing Concrete Market Segmentation, By Form

9.1 Introduction

9.2 Trend Analysis

9.3 Intrinsic

9.4 Vascular

9.5 Capsule Based

10. Self-healing Concrete Market Segmentation, By Application

10.1 Introduction

10.2 Trend Analysis

10.3 Residential

10.4 Industrial

10.5 Commercial

10.6 Infrastructure

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 Trend Analysis

11.2.2 North America Self-healing Concrete Market by Country

11.2.3 North America Self-healing Concrete Market By Form

11.2.4 North America Self-healing Concrete Market By Application

11.2.5 USA

11.2.5.1 USA Self-healing Concrete Market By Form

11.2.5.2 USA Self-healing Concrete Market By Application

11.2.6 Canada

11.2.6.1 Canada Self-healing Concrete Market By Form

11.2.6.2 Canada Self-healing Concrete Market By Application

11.2.7 Mexico

11.2.7.1 Mexico Self-healing Concrete Market By Form

11.2.7.2 Mexico Self-healing Concrete Market By Application

11.3 Europe

11.3.1 Trend Analysis

11.3.2 Eastern Europe

11.3.2.1 Eastern Europe Self-healing Concrete Market by Country

11.3.2.2 Eastern Europe Self-healing Concrete Market By Form

11.3.2.3 Eastern Europe Self-healing Concrete Market By Application

11.3.2.4 Poland

11.3.2.4.1 Poland Self-healing Concrete Market By Form

11.3.2.4.2 Poland Self-healing Concrete Market By Application

11.3.2.5 Romania

11.3.2.5.1 Romania Self-healing Concrete Market By Form

11.3.2.5.2 Romania Self-healing Concrete Market By Application

11.3.2.6 Hungary

11.3.2.6.1 Hungary Self-healing Concrete Market By Form

11.3.2.6.2 Hungary Self-healing Concrete Market By Application

11.3.2.7 Turkey

11.3.2.7.1 Turkey Self-healing Concrete Market By Form

11.3.2.7.2 Turkey Self-healing Concrete Market By Application

11.3.2.8 Rest of Eastern Europe

11.3.2.8.1 Rest of Eastern Europe Self-healing Concrete Market By Form

11.3.2.8.2 Rest of Eastern Europe Self-healing Concrete Market By Application

11.3.3 Western Europe

11.3.3.1 Western Europe Self-healing Concrete Market by Country

11.3.3.2 Western Europe Self-healing Concrete Market By Form

11.3.3.3 Western Europe Self-healing Concrete Market By Application

11.3.3.4 Germany

11.3.3.4.1 Germany Self-healing Concrete Market By Form

11.3.3.4.2 Germany Self-healing Concrete Market By Application

11.3.3.5 France

11.3.3.5.1 France Self-healing Concrete Market By Form

11.3.3.5.2 France Self-healing Concrete Market By Application

11.3.3.6 UK

11.3.3.6.1 UK Self-healing Concrete Market By Form

11.3.3.6.2 UK Self-healing Concrete Market By Application

11.3.3.7 Italy

11.3.3.7.1 Italy Self-healing Concrete Market By Form

11.3.3.7.2 Italy Self-healing Concrete Market By Application

11.3.3.8 Spain

11.3.3.8.1 Spain Self-healing Concrete Market By Form

11.3.3.8.2 Spain Self-healing Concrete Market By Application

11.3.3.9 Netherlands

11.3.3.9.1 Netherlands Self-healing Concrete Market By Form

11.3.3.9.2 Netherlands Self-healing Concrete Market By Application

11.3.3.10 Switzerland

11.3.3.10.1 Switzerland Self-healing Concrete Market By Form

11.3.3.10.2 Switzerland Self-healing Concrete Market By Application

11.3.3.11 Austria

11.3.3.11.1 Austria Self-healing Concrete Market By Form

11.3.3.11.2 Austria Self-healing Concrete Market By Application

11.3.3.12 Rest of Western Europe

11.3.3.12.1 Rest of Western Europe Self-healing Concrete Market By Form

11.3.2.12.2 Rest of Western Europe Self-healing Concrete Market By Application

11.4 Asia-Pacific

11.4.1 Trend Analysis

11.4.2 Asia Pacific Self-healing Concrete Market by Country

11.4.3 Asia Pacific Self-healing Concrete Market By Form

11.4.4 Asia Pacific Self-healing Concrete Market By Application

11.4.5 China

11.4.5.1 China Self-healing Concrete Market By Form

11.4.5.2 China Self-healing Concrete Market By Application

11.4.6 India

11.4.6.1 India Self-healing Concrete Market By Form

11.4.6.2 India Self-healing Concrete Market By Application

11.4.7 Japan

11.4.7.1 Japan Self-healing Concrete Market By Form

11.4.7.2 Japan Self-healing Concrete Market By Application

11.4.8 South Korea

11.4.8.1 South Korea Self-healing Concrete Market By Form

11.4.8.2 South Korea Self-healing Concrete Market By Application

11.4.9 Vietnam

11.4.9.1 Vietnam Self-healing Concrete Market By Form

11.4.9.2 Vietnam Self-healing Concrete Market By Application

11.4.10 Singapore

11.4.10.1 Singapore Self-healing Concrete Market By Form

11.4.10.2 Singapore Self-healing Concrete Market By Application

11.4.11 Australia

11.4.11.1 Australia Self-healing Concrete Market By Form

11.4.11.2 Australia Self-healing Concrete Market By Application

11.4.12 Rest of Asia-Pacific

11.4.12.1 Rest of Asia-Pacific Self-healing Concrete Market By Form

11.4.12.2 Rest of Asia-Pacific Self-healing Concrete Market By Application

11.5 Middle East & Africa

11.5.1 Trend Analysis

11.5.2 Middle East

11.5.2.1 Middle East Self-healing Concrete Market by Country

11.5.2.2 Middle East Self-healing Concrete Market By Form

11.5.2.3 Middle East Self-healing Concrete Market By Application

11.5.2.4 UAE

11.5.2.4.1 UAE Self-healing Concrete Market By Form

11.5.2.4.2 UAE Self-healing Concrete Market By Application

11.5.2.5 Egypt

11.5.2.5.1 Egypt Self-healing Concrete Market By Form

11.5.2.5.2 Egypt Self-healing Concrete Market By Application

11.5.2.6 Saudi Arabia

11.5.2.6.1 Saudi Arabia Self-healing Concrete Market By Form

11.5.2.6.2 Saudi Arabia Self-healing Concrete Market By Application

11.5.2.7 Qatar

11.5.2.7.1 Qatar Self-healing Concrete Market By Form

11.5.2.7.2 Qatar Self-healing Concrete Market By Application

11.5.2.8 Rest of Middle East

11.5.2.8.1 Rest of Middle East Self-healing Concrete Market By Form

11.5.2.8.2 Rest of Middle East Self-healing Concrete Market By Application

11.5.3 Africa

11.5.3.1 Africa Self-healing Concrete Market by Country

11.5.3.2 Africa Self-healing Concrete Market By Form

11.5.3.3 Africa Self-healing Concrete Market By Application

11.5.2.4 Nigeria

11.5.2.4.1 South Africa Self-healing Concrete Market By Form

11.5.2.4.2 South Africa Self-healing Concrete Market By Application

11.5.2.5 South Africa

11.5.2.5.1 South Africa Self-healing Concrete Market By Form

11.5.2.5.2 South Africa Self-healing Concrete Market By Application

11.5.2.6 Rest of Africa

11.5.2.6.1 Rest of Africa Self-healing Concrete Market By Form

11.5.2.6.2 Rest of Africa Self-healing Concrete Market By Application

11.6 Latin America

11.6.1 Trend Analysis

11.6.2 Latin America Self-healing Concrete Market by Country

11.6.3 Latin America Self-healing Concrete Market By Form

11.6.4 Latin America Self-healing Concrete Market By Application

11.6.5 Brazil

11.6.5.1 Brazil Self-healing Concrete Market By Form

11.6.5.2 Brazil Self-healing Concrete Market By Application

11.6.6 Argentina

11.6.6.1 Argentina Self-healing Concrete Market By Form

11.6.6.2 Argentina Self-healing Concrete Market By Application

11.6.7 Colombia

11.6.7.1 Colombia Self-healing Concrete Market By Form

11.6.7.2 Colombia Self-healing Concrete Market By Application

11.6.8 Rest of Latin America

11.6.8.1 Rest of Latin America Self-healing Concrete Market By Form

11.6.8.2 Rest of Latin America Self-healing Concrete Market By Application

12. Company Profiles

12.1  BASF SE

12.1.1 Company Overview

12.1.2 Financial

12.1.3 Products/ Services Offered

12.1.4 SWOT Analysis

12.1.5 The SNS View

12.2 Kryton

12.2.1 Company Overview

12.2.2 Financial

12.2.3 Products/ Services Offered

12.2.4 SWOT Analysis

12.2.5 The SNS View

12.3 Cemex

12.3.1 Company Overview

12.3.2 Financial

12.3.3 Products/ Services Offered

12.3.4 SWOT Analysis

12.3.5 The SNS View

12.4 RPM International

12.4.1 Company Overview

12.4.2 Financial

12.4.3 Products/ Services Offered

12.4.4 SWOT Analysis

12.4.5 The SNS View

12.5 Basilisk

12.5.1 Company Overview

12.5.2 Financial

12.5.3 Products/ Services Offered

12.5.4 SWOT Analysis

12.5.5 The SNS View

12.6 Sika AG

12.6.1 Company Overview

12.6.2 Financial

12.6.3 Products/ Services Offered

12.6.4 SWOT Analysis

12.6.5 The SNS View

12.7 PENETRON

12.7.1 Company Overview

12.7.2 Financial

12.7.3 Products/ Services Offered

12.7.4 SWOT Analysis

12.7.5 The SNS View

12.8 Xypex Chemical Corporation

12.8.1 Company Overview

12.8.2 Financial

12.8.3 Products/ Services Offered

12.8.4 SWOT Analysis

12.8.5 The SNS View

12.9 GCP Applied Technologies

12.9.1 Company Overview

12.9.2 Financial

12.9.3 Products/ Services Offered

12.9.4 SWOT Analysis

12.9.5 The SNS View

12.10 Hycrete, Inc

12.10.1 Company Overview

12.10.2 Financial

12.10.3 Products/ Services Offered

12.10.4 SWOT Analysis

12.10.5 The SNS View

13. Competitive Landscape

13.1 Competitive Benchmarking

13.2 Market Share Analysis

13.3 Recent Developments

13.3.1 Industry News

13.3.2 Company News

13.3.3 Mergers & Acquisitions

14. USE Cases And Best Practices

15. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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