Global Shotcrete Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global shotcrete market in its upcoming report titled, “Global Shotcrete Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global shotcrete market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global shotcrete market report has been segmented on the process, system, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Shotcrete is the process of placing concrete in order to achieve high strengths and low permeability. Shotcrete process is broadly classified as dry-mix shotcrete process and wet-mix shotcrete process. Properly applied shotcrete is a structurally sound and durable construction material which exhibits excellent bonding characteristics to existing concrete, rock, steel, and many other materials.
Increasing number of underground construction activities which includes tunneling and mining activities coupled with increasing government investment for infrastructure development are major factors expected to boost growth of the shotcrete market during the forecast period. Technological developments in the shotcrete is another factor expected to drive growth of the global shotcrete market. In addition, various benefits associated with use of shotcrete, owing to its technical efficiency is expected to create demand for shotcrete in various applications which in turn is expected propel growth of the target market over the forecast period.
Shortage of skilled workforce in developing countries is a challenging factor, impacting growth of global shotcrete market currently.
Europe market dominates the global shotcrete market in terms of revenue contribution as compared to that of markets in other regions. This is attributed to presence of significant market players coupled with increasing underground construction activities particularly in countries such as Germany, Austria, UK. North America accounts for second-largest revenue share contribution to the global nasal drug delivery systems market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively. The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years. Rapidly growing population, changing life style and increasing government supports for construction activities are major factors expected to support growth of the market in the region over the forecast period.
Target audience for the global shotcrete market includes supplier and distributor, government and research organizations, industrial and association bodies, environment support agencies and various end use industries.
Global shotcrete market segmentation, by process:
Global shotcrete market segmentation, by system:
Global shotcrete market segmentation, by application:
- Underground Construction
- Water Retaining Structures
- Repair Works
- Protective Coatings
Global shotcrete market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- 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.
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