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Self-Healing Concrete Market Size

  • Report ID: GMI7497
  • Published Date: Nov 2023
  • Report Format: PDF

Self-healing Concrete Market Size

Self-Healing Concrete Market was valued at around USD 56 billion in 2022 and is anticipated to expand at 31.5% CAGR from 2023 to 2032, driven by the increasing demand for durable and sustainable construction materials, coupled with the rising awareness of the environmental and economic benefits of self-healing concrete. Moreover, the growing emphasis on infrastructure development, particularly in emerging economies, is fueling the adoption of self-healing concrete as a forward-looking solution for ensuring the longevity and resilience of civil engineering structures.

 

One significant pitfall is the cost associated with the production of self-healing concrete. The incorporation of advanced healing agents, such as encapsulated bacteria or shape-memory polymers, adds to the overall expense of manufacturing, making self-healing concrete a pricier alternative compared to traditional concrete. This financial barrier may limit its widespread adoption, particularly in regions where construction budgets are constrained.

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of self-healing concrete was worth USD 56 billion in 2022 and will reach USD 863 billion by 2032, due to the surging need to autonomously repair cracks and damages across the construction sector.

Demand for biotic self-healing concrete crossed USD 35.3 billion in 2022 on account of the growing demand for sustainable and eco-friendly construction solutions.

The intrinsic form segment held around 39.82% of the self-healing concrete market share in 2022 and is expected to grow at lucrative pace by 2032, owing to benefits, such as simplicity and seamless integration into conventional construction practices.

North America self-healing concrete market size was valued at USD 12.86 billion in 2022 and is anticipated to expand at significant pace from 2023-2032 due to the growing concerns regarding aging infrastructure in the U.S. and Canada.

Self-healing Concrete Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 12
  • Tables & Figures: 191
  • Countries covered: 21
  • Pages: 210
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