Portland, May 07, 2019 (GLOBE NEWSWIRE) -- As per the report, the global self-healing concrete market accounted for $216.72 billion in 2017 and is projected to garner $1.375 billion by 2025, registering a CAGR of 26.4% from 2018 to 2025.
Benefits of self-healing concrete due to its ability to increase the life of infrastructures, reduction in maintenance cost, and its ease of use have boosted the growth of the global self-healing concrete market. Moreover, high demand for sustainable infrastructure and growing focus to reduce carbon footprint supplemented the market growth. However, the high cost of self-healing concrete hampers the market growth. On the contrary, a wide application base of the concrete for reliable and durable construction is expected to create lucrative opportunities in the coming years.
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The global self-healing concrete market is divided on the basis of type, end user, and geography. Based on type, the market is bifurcated into intrinsic healing, capsule-based healing, and vascular healing. The capsule-based healing segment garnered the largest share in 2017, contributing more than half of the total market, and is expected to continue its trend throughout the forecast period. Moreover, the segment is expected to manifest the fastest CAGR of 27.1% during the study period as it shows more efficiency to heal cracks in concrete than other healing agents.
On the basis of end user, the market is bifurcated into residential and commercial, industrial, and civil infrastructure. The civil infrastructure segment held the lion’s share in 2017, contributing nearly three-fourths of the market and would continue to dominate the market through 2025. The segment is also projected to grow at the fastest CAGR of 26.9% during the forecast period as civil infrastructure concretes need high maintenance and companies are willing to spend large amount of money to keep it intact.
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Based on geography, the market is analyzed across Asia-Pacific, Europe, North America, and LAMEA. The market across Europe held the largest share in 2017, contributing about three-fourths of the market in 2017, owing to an increase in R&D activities in the region. However, the market across Asia-Pacific is projected to manifest the fastest CAGR of 29.6% through 2025.
The global self-healing concrete market report includes an analysis of the major market players such as Acciona Infrastructure S.A., Basilisk, Comercializadora Espanola De Innovaciones Y Materiales, Avecom N.V., Devan-Micropolis, COWI A/S, and Fescon.
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