Global Self-Healing Concrete Market is set to witness a significant CAGR inducing a high amount of growth of the market in the forecast period of 2019-2026. The report contains data from the base year of 2018, and historic years of 2017. This rise in market value can be attributed to the increasing construction projects globally and searching for a long-time solution to cracks and fissures in concretes.
Global Self-Healing Concrete Market By End-Use (Building & Construction, General Industrial, Residential Infrastructures), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
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Global self-healing concrete market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of self-healing concrete market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Concrete has been a major part of our historic and architectural presence in the past and it is expected to stay that way, as it is a viable material for the construction and has been used in a number of significant monuments that have withstood since long. But, with time it starts to undergo physical disadvantages in the forms of cracks, through which water seeps through and there is an increased risk of corrosion to the steel structure. Self-healing concrete solves this problem through the covering of cracks.
Key Market Competitors:
Few of the major competitors currently working in the self-healing concrete market are CEMEX S.A.B. de C.V., Basilisk, Sika AG, LafargeHolcim, BASF SE, Tarmac Trading Limited, HEIDELBERGCEMENT AG, Breedon Group plc, Firth, Buzzi Unicem USA Inc., Kwik Bond Polymers, Wacker Chemie AG, Civilworks, Crown Polymers Corp., NEI Corporation, Polycoat Products, Acciona, Alstom, Spintech LLC, Fosroc Inc., and DowDuPont.
- Increased construction projects globally is expected to drive the market growth
- Increased benefits and higher return on investment over traditional type of concrete is expected to drive the market growth
- Lack of awareness and integration of the product in a number of regions is expected to restrain the market growth
- Vulnerability and high cost of raw material prices is expected to restrain the market growth
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- By End-Use
- Building & Construction
- General Industrial
- Residential Infrastructures
Key Developments in the Market:
- In July 2015, Polycoat Products acquired Crown Polymers LLC, establishing an independent organization operating autonomously and creating a global leader for various applicable industries.
- In November 2017, Green Basilisk announced that they had raised seed money from SHIFT Invest, which will be used for the expansion of its production capabilities and global market reach and share focusing in asia.
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Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
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