Self-healing Concrete Market by Type (Intrinsic Healing, Capsule based Healing, Vascular Healing),End Use (Residential & Commercial, Industrial, Civil Infrastructure), Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025.
The global self-healing concrete market is expected to grow from USD 3,12,455.6 Thousand in 2017 to USD 22,93,276.4 Thousand by 2025 at a CAGR of 28.3% during the forecast period from 2018-2025.Increasing demand for conserving the infrastructure and growth in building and construction industry are two major factors affecting the growth of the market.
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The capsule-based healing segment dominated the market with the highest share of 48.90% in 2017
The type segment is classified into intrinsic healing, capsule-based healing, vascular healing. The capsule-based healing segment dominated the market and valued around USD 1,52,790.78 Thousand in 2017. The growth of the segment is due to its various benefits that include healing of larger cracks, less external requirements to regain full strength and self-protection during mixing.
Civil infrastructure segment dominated the market and valued around USD 1,59,977.26 Thousand in 2017
The end use segment is segmented into residential & commercial, industrial and civil infrastructure. Civil infrastructure segment dominated the market with the highest share in 2017. The use of self-healing concrete in civil infrastructure is expected to improve the strength of dams, tunnels, and roads. It would help to increase the durability of various civil engineering structures that includes tunnels and bridges among others and would also minimize the maintenance cost in the long run. All these factors are expected to propel the self-healing concrete market in civil infrastructures.
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Regional Segmentation Analysis:
The market is analysed on the basis of five regions namely North America, Europe, Asia Pacific, South America, and Middle East and Africa. TheEuroperegion is dominating the market with the highest share of 42.60% in 2017.TheEurope regionis dominating the market as it is a hub of huge construction and multiple research projects in the region.
The major players of market include Bayer Material Science, High Impact Technology, Dow Chemicals, Michelin, Nissan, Huntsman, Akzo Nobel, MacDermid Autotype Ltd., Autonomic Materials, and Goodyear, Basilisk, AccionaInfraestructureas S.A., Avecom N.V., Comercializadora Espanola De Innovaciones Y Materiales, COWI A/S, Devan-Micropolis and Fescon.
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