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Global Self-Healing Concrete Market, Size, Trends & Analysis with COVID-19 Impact - Forecasts To 2026 By Type (Intrinsic healing, Capsule based healing, Vascular healing), By End-User (Residential and Commercial, Industrial, Civil Infrastructure), By Region (North America, Europe, Asia Pacific and Rest of the World); and Company Market Share Analysis & Competitor Analysis
Self-Healing Concrete Market: Insights
The global self-healing concrete market will register a high growth rate between the forecast period 2020 to 2026. Self-healing concretes are biological composites, created with the assistance of the bacteria from the Genus Bacillus bacterium group that can live for years in the alkaline concrete atmosphere and create limestone that can cover the crack and restore it. Moreover, the closure of cracks and therefore the protection of steel frames from exterior forces, which decreases the risk of corrosion, in turn, increases the existence of concrete buildings. The rising infrastructure investments and reduction in maintenance costs are some of the factors expected to propel the market growth. The high capital cost of production is likely to hamper the market growth.
Self-Healing Concrete Market: By Type
By type, the market is explained into three segments namely; capsule-based healing, intrinsic healing, and vascular healing. Amongst all the types, capsule-based healing will be the fastest-growing segment as well as to hold the biggest market share over the projected timeline. It is due to its numerous benefits, including the healing of wider cracks, and needs less external criteria to restore maximum strength and also remains covered during mixing. Because of the unique combination of strength, users favor capsule-based self-healing, which makes it very useful in the building industry.
Self-Healing Concrete Market: By End-User
Based on the study of end-user, the market is broken into residential and commercial, industrial, and civil infrastructure, among others. The civil infrastructure aspect will lead to the strongest growth rate in terms of value over the projected timeframe. The most significant beneficiary of the use of self-healing concrete is supposed to be the civil infrastructure, which would increase the strength of the dams, tunnels, and highways. This is attributed to growing the reliability of numerous civil engineering systems, including tunnels and bridges, among others, and also helping to reduce long-term maintenance costs are influencing business growth.
Self-Healing Concrete Market: By Region
The largest revenue supporter in the market is the European region over the projected timeline. The increased upgrading of infrastructure and increasing interest in building energy savings & cost benefits are influencing the market in Europe. Furthermore, the Asia-Pacific is projected to be the fastest-growing region over the projected timeframe due to the growing infrastructure investments in the residential and commercial sectors, and increasing concerns associated with environmental are expected to push the market growth. Moreover, the increasing spending on research & development activities in developing countries, including China, India, and Singapore, among others, would have an impact on the APAC region's business growth.
Self-Healing Concrete Market Share & Competitor Analysis
Some of the key players operating in this market are Acciona Infraestructureas S.A., Fescon, Avecom N.V., COWI A/S, Devan-Micropolis, Comercializadora Espanola De Innovaciones Y Materiales, and Basilisk, among others.
Please note: This is not an exhaustive list of companies profiled in the report.
Check the Press Release on Global Self-Healing Concrete Market Report
Self-Healing Concrete Market: By Type
Self-Healing Concrete Market: By End-User
Self-Healing Concrete Market: By Region
The Global Self-Healing Concrete Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Self-Healing Concrete Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
This FREE sample includes market data points, ranging from trend analyses to market estimates & forecasts. See for yourself.
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