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Self-Healing Concrete Market - Overview

Concrete is the single most widely used material in the construction and infrastructure industry. Any structure containing concrete is susceptible to corrosion due to environmental factors such as extreme heat and cold. Such conditions lead to the development of cracks in the structure, which can lead to structural weakness over a period of time if not repaired promptly. These repair and maintenance activities add to the overall maintenance cost. This prompted research and development activity to look for cheaper alternatives. Self-healing concrete is a technology invented to overcome these difficulties. Certain chemicals are mixed with the concrete during the manufacturing process whose properties get activated when the structure starts deteriorating, thus reducing the need for reinforcement. Self-healing concrete is of two main types: bio-based and synthetic-based. Microorganisms such as bacteria and fungi are mixed with the cement during the concrete manufacturing process which release their properties when exposed to atmospheric elements such as air and moisture. Similarly, when synthetic polymers are mixed with the cement, they react with air & moisture and cause the structural damage to repair itself. Self-healing concrete gets its name from this property.

Self-Healing Concrete Market - Drivers and Restraints

Rising investment in the infrastructure sector and need to reduce overall structural maintenance costs are expected to be the key drivers of the global self-healing concrete market during the forecast period. The use of self-healing concrete presents immense benefits in terms of overall reduction of expenditure for repair and maintenance. Researchers have found these benefits to be up to 50%, which is a significant reduction. Cost-reduction through the development of cheaper versions of self-healing concrete would help raise the consumption of the product and enable wider distribution of the benefits associated with it. The benefits for larger structures, especially the underground ones, are significant. Focus toward improving durability of structures is anticipated to drive the global self-healing concrete market.

As with any research and development activity, the gestation period until final implementation of a technology takes a long time. The same goes for the global self-healing concrete market. This is expected to lead to high initial cost of production till the technology is scaled up to meet demand, which is a restraint for the market.

The cement manufacturing industry is responsible for ~5% of the total global CO2 emissions, and concrete is the final product of this industry. Thus, increasing investments in the manufacture of self-healing concrete is projected to not only enable cement manufacturers to reduce their carbon footprint, but also mitigate costs incurred on repeated cement manufacturing for maintenance and reinforcement purposes. This presents a growth opportunity for cement manufacturers. Additionally, self-healing concrete is superior in terms of quality when compared to ordinary concrete due to its higher durability. This is anticipated to lead to greater demand from end-users.

Self-Healing Concrete Market - Segmentation

The global self-healing concrete market can be segmented on the basis of technology, end-use, and region. In terms of technology, the self-healing concrete market is segmented into Micro-organism based and polymer-based. Based on end-use, the market is segmented into public and private sector. On the basis of region, the global self-healing concrete market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Self-Healing Concrete Market - Key Players

Companies such as Basilisk, Acciona Infraestructureas S.A, Avecom, and Fescon manufacture self-healing concrete for commercial use. Ongoing research activities by academicians and universities in collaboration with industry partners to develop newer technologies in self-healing concrete is being done. These initiatives are undertaken in association with infrastructure industry partners to test the efficacy of the developed material so as to move the product to the next level that is commercial production. Magnel Laboratory for Concrete Research of the Department of Structural Engineering at Ghent University is one such academic project. The outcomes of such research projects being carried out by institutions the world over is likely to prove beneficial for the commercial manufacture of self-healing concrete.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Self Healing Concrete Market

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