Europe is currently serving as the most important region to start the initial projects in diverse industry verticals that are significantly investing.
WILMINGTON, DELAWARE, December 5, 2023 /
EINPresswire.com/ -- Self-healing concrete, with its remarkable capabilities, presents numerous advantages that contribute to its growing significance in the construction industry. One of the key benefits lies in its ability to significantly extend the lifespan of infrastructures. The inherent self-repair mechanisms within the concrete help mitigate the impact of cracks and damages over time, thereby enhancing the overall durability and longevity of structures. This not only ensures a more robust and resilient infrastructure but also translates into cost savings by reducing the frequency and extent of maintenance interventions.
The ease of use associated with self-healing concrete further adds to its appeal. Construction processes become more streamlined as the material addresses damages autonomously, minimizing the need for manual repairs and interventions. This simplicity in application not only saves time but also contributes to a more efficient construction workflow.
Reduced maintenance costs are another compelling advantage offered by self-healing concrete. As the concrete autonomously addresses small-scale damages, the necessity for extensive repairs and maintenance activities diminishes. Consequently, infrastructure owners and builders experience significant cost savings over the lifecycle of a structure.
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The global
self-healing concrete market size was valued at $216,720.0 thousand in 2017 and is projected to reach $1,375,088.0 thousand by 2025, growing at a CAGR of 26.4% from 2018 to 2025. In 2017, Europe dominated the global market, in terms of revenue, accounting for the highest share of the global market.
The increasing demand for sustainable infrastructure has emerged as a driving force behind the growing adoption of self-healing concrete. This innovative material aligns with the global emphasis on sustainable and eco-friendly construction practices, as it helps minimize the environmental impact associated with maintenance and repair activities.
Capsule based healing segment to be lucrative through 2025
Among types, the capsule based healing segment accounted for more than half of the overall market share in 2017 and would retain its dominance through 2025. The same would grow at the fastest CAGR of 27.1% during the forecast period. This is because capsule based self-healing concrete has more efficiency to heal cracks in concrete as compared to other healing agents.
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Civil infrastructures segment to be lucrative through 2025
Among end-users, the civil infrastructures segment was the largest in 2017, capturing 71.6% of the market share and would maintain its dominance through 2025. Civil infrastructure concretes require high maintenance cost and companies are spending large sum of money to keep them intact. Hence, there has been a growing adoption of self-healing concrete in civil infrastructures that includes tunnels, bridges, etc. that aims to reduce the maintenance cost in the long run. The segment would also grow at the fastest CAGR of 26.9% from 2018 to 2025.
Europe to be dominant, Asia-Pacific to exhibit the fastest growth through 2025
Europe captured more than three-fourths of the market share in 2017 and is likely to dominate the market through 2025. This is due to increasing research and activities followed by large scale application of self-healing concrete in civil infrastructures in the region. However, Asia-Pacific is expected to register the fastest CAGR of 29.6% from 2018 to 2025. The other regions analyzed in the report include Europe and LAMEA (Latin America, Middle East and Africa).
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Key players of the industry
Leading market players analyzed in the research include Basilisk, Acciona Infraestructureas S.A., Avecom N.V., Comercializadora Espanola De Innovaciones Y Materiales, COWI A/S, Devan-Micropolis, and Fescon. These market players have adopted various strategies including collaborations, joint ventures, partnerships, expansions, and others to gain a strong position in the industry.
David Correa
Allied Analytics LLP
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