REPORT SCOPE & OVERVIEW:
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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.
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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.
| 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. |
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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