Global Shotcrete Concrete Market: Overview
“The global Shotcrete Concrete Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Shotcrete or sprayed concrete is transmitted through pipes at high velocity onto the surface. It is the mix version of dry and wet materials such as cement, aggregates, and other mixtures including water. This type of concrete requires less water proportionate to the amount of cement. In addition, the use of shotcrete or sprayed concrete in construction activities makes the structure less porous and also increases the bond strength as well as helps to lower construction time and costs.
Global Shotcrete Concrete Market: Dynamics
Increasing underground construction activities including tunneling system is a major factor expected to drive growth of the target market. In addition, increasing construction of free form structures such as theme park elements, sculptures, climbing walls and water-retaining structures including river, sea walls, dams, swimming pools, storage reservoirs, and canal linings, is another major factor estimated to support growth of the market.
An increasing number of application of shotcrete concrete in industries such as underground construction and water retaining structures, among others can boost the revenue growth of the global market.
Increasing focus of major manufacturers in developing new technologies and advanced equipment are expected to result in higher adoption of shotcrete/sprayed concrete. In addition, manufacturers also offer customized manufacturing services to select from a variety of purity concentrations for specific application.
Lack of availability of skilled experts is a major factor that may hamper growth of the global market.
Global Shotcrete Concrete Market: Segment analysis
Among the process segments, the wet mix shotcrete process segment is expected to account for significant market shares in the global shotcrete concrete market.
Among the system segments, the robotic system segment is expected to account for major revenue share in the global market.
Among the application segments, the underground construction segment is expected to account for a significant share in terms of revenue over the forecast period.
Global Shotcrete Concrete Market: Regional analysis
Currently, the market in Europe is estimated to account for major share in terms of revenue in the global market and is estimated to maintain its dominance in the few years. This is primarily attributed to advancement in shotcrete technology and raw materials and increasing tunneling and mining activities. Asia Pacific shotcrete concrete market is expected to witness high growth in terms of CAGR over the forecast period., owing to the presence of a large number of prominent players and increasing construction of underground road and tunnel to avoid traffic in countries such as Japan, India, and China.
In addition, increasing disposable income, increasing urbanization, economic growth, changing consumer preferences, and urban lifestyle are some factors expected to fuel growth of the target market in the Asia Pacific region.
Global Shotcrete Concrete Market Segmentation:
Segmentation by Process:
- Wet Mix Shotcrete Process
- Dry Mix Shotcrete Process
Segmentation by System:
- Robotic System
- Manual System
Segmentation by Application:
- Underground Construction
- Protective Coatings
- Water Retaining structures
- Repair works
Segmentation by Region:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- BASF SE
- Cemex S.A.B. De C.V.
- Sika AG
- Heidelbergcement AG
- Lkab Berg & Betong AB
- GCP Applied Technologies, Inc.
- The Euclid Chemical Company
- KPM Industries Ltd.
- Quikrete Companies, Inc.
- Lafargeholcim Ltd.
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