Self-healing Concrete Market Size Worth 5.38 Billion By 2027Posted by Nicky Arora on February 16th, 2021 The global self-healing concrete market size is expected to reach USD 305.38 billion by 2027, according to a new report by Grand View Research Inc., expanding at a CAGR of 37.0% from 2020 to 2027. Increasing demand for durable building structures, along with rising demand for reduction in structural maintenance cost, is anticipated to support the product demand over the forecast period.
The product is commercially available since its introduction in 2017 and is anticipated to witness significant demand in the coming years owing to its wide adoption by the end-use segments. Self-healing property offered by this concrete results in less structural maintenance cost of the building over the long run. This, in turn, is increasing the popularity of self-healing concrete in the construction of commercial and residential buildings.
The building and construction sector is the major application industry for self-healing concrete. Though the traditional concrete has higher traction than any other concrete products owing to its easy application and relatively low cost, the self-healing concrete is expected to gain momentum in the upcoming period owing to its advantages.
The market is characterized by a limited number of players owing to less awareness of the product. However, there are several suppliers engaged in the production and distribution of healing agents for self-healing concrete applications. Europe emerged as the largest regional market in 2019 on account of the early adoption of innovative techniques in construction applications.
Request a free sample copy @ https://www.grandviewresearch.com/industry-analysis/self-healing-concrete-market/request/rs1
Self-healing Concrete Market Report Highlights
Self-healing Concrete Market Segmentation
Grand View Research has segmented the global self-healing concrete market on the basis of form, application, and region:
Self-healing Concrete Form Outlook (Volume, Cubic Meters; Revenue, USD Million, 2016 - 2027)
Self-healing Concrete Application Outlook (Volume, Cubic Meters; Revenue, USD Million, 2016 - 2027)
Like it? Share it!More by this author |