Self-Healing Concrete Market Size to Reach USD 562.97 Billion in 2030 | Rising Investment in Large Scale Infrastructure Projects is a Key Factor Driving Industry Demand, According to Emergen Research

VANCOUVER, BC, Feb. 21, 2022 /PRNewswire/ -- The global self-healing concrete market size was USD 34.10 Billion in 2021 and is expected to register a steady revenue CAGR during the forecast period, according to latest analysis by Emergen Research. Rising investment in large-scale infrastructure projects and increasing cooperation among countries to invest in infrastructure projects for long term benefits are major factors expected to continue to drive market revenue growth during the forecast period.

Drivers:

Rising investment in large-scale infrastructure projects is a significant factor boosting global demand for self-healing concrete. Various countries are cooperating and investing in infrastructure projects for long term benefits and this is a key factor contributing to revenue growth of the global self-healing concrete market. Rising investment in large-scale infrastructure projects and smart cities is a significant factor boosting revenue growth of the global self-healing concrete market currently. Increasing opportunities in developing countries and improving ease of doing business, is resulting in large enterprises making a considerable investment in offshore infrastructure projects.

This is expected to lead to rise in demand for self-healing concrete for numerous civil infrastructure projects, with the objective being to leverage the potential of advanced construction materials and extended life-span of such constructions resulting in sustainability and lower maintenance and repair costs in future.

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Restraints:

High cost of self-healing concrete is a key factor restraining deployment and growth of the global self-healing concrete market. In addition, performance of bacteria might get affected under different atmospheric conditions and thereby affect the strength and self-healing properties of the concrete, which is another factor expected to restrain growth of the market to some extent.

Growth Projections:

The global self-healing concrete market is expected to register a CAGR of 36.8% over the forecast period, and revenue is projected to increase from USD 34.10 Billion in 2021 to USD 562.97 Billion in 2030. Rising investment in large-scale infrastructure projects and increasing cooperation among governments of various countries to invest in infrastructure projects for long term objectives are factors driving market growth.

COVID-19 Impact Analysis:

The COVID-19 pandemic led to downsizing of various businesses, thereby limiting growth of the self-healing concrete market. Extended lockdowns and restrained movement significantly impacted construction activities as resources were directed toward containing the pandemic, but this market is expected to gain traction gradually owing to resumption of construction activities in the near future.

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Current Trends and Innovations:

Increasing cooperation among governments of various countries to invest in infrastructure projects for long term is expected to play a major role in driving revenue growth of the market. Large construction companies are making significant investments in long term civil infrastructure projects, particularly in developing countries. This will lead to rise in demand for sustainable construction materials such as self-healing concrete, and drive revenue growth of the market to a significant extent.

Geographical Outlook:

North America is expected to register a steady revenue growth rate during the forecast period. Increasing government investment in infrastructure projects and rising demand for durable and sustainable infrastructure is expected to drive revenue growth of the market.

Strategic Initiatives:

Some major companies included in the market report are Green-Basilisk BV, Acciona Infraestructureas S.A., Avecom N.V., Comercializadora Espanola De Innovaciones Y Materiales, COWI A/S, Devan-Micropolis, Fescon Oy., CEMEX S.A.B. de C.V., Oscrete Construction Products, and GCP Applied Technologies Inc.

• In December 2021, GCP Applied Technologies Inc. agreed to be acquired by French counterpart Compagnie de Saint-Gobain S.A. for USD 32 a share in a deal that valued the company at about USD 2.30 Billion. Saint-Gobain is one of the leading construction chemical companies globally, expects post-merger total sales of more than USD 4.51 Billion.

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Emergen Research has segmented global self-healing concrete market on the basis of type, technique, application, and region:

• Type Outlook (Revenue, USD Billion, Volume, Cubic Meters; 2019–2030)
• Abiotic
• a.  Sodium Silicate  Based
• b.  Others
• Biotic
• a.  Bacteria Based
• b.  Fungus Based
• Technique Outlook (Revenue, USD Billion, Volume, Cubic Meters; 2019–2030)
• Intrinsic
• Capsule Based
• Vascular
• Application Outlook (Revenue, USD Billion, Volume, Cubic Meters; 2019–2030)
• Residential
• Industrial
• Commercial
• Civil Infrastructure

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• Regional Outlook (Revenue, USD Billion, Volume, Cubic Meters; 2019–2030)
• North America
• a.  US
• b.  Canada
• c.  Mexico
• Europe
• a.  Germany
• b.  France
• c.  UK
• d.  Italy
• e.  Spain
• f.  Benelux
• g.  Rest of Europe
• Asia Pacific
• a.  China
• b.  India
• c.  Japan
• d.  South Korea
• e.  Rest of APAC
• Latin America
• a.  Brazil
• b.  Rest of LATAM
• Middle East & Africa
• a.  Saudi Arabia
• b.  UAE
• c.  South Africa
• d.  Turkey
• e.  Rest of MEA

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