Shotcrete Market – Global Industry Analysis, Market Size Estimation and Growth Forecast By Process (Wet Mix Shotcrete and Dry Mix Shotcrete), By Systems (Manual System and Robotic Spraying System), By Application (Water Retaining Structures, Repair Works, Protective Coatings, Underground Construction, Marine Construction, Building and Bridge Construction, Others), & By Regions (North America, Asia Pacific, Europe, Middle East & Africa and Latin America), 2017 – 2025

The global shotcrete market is predicted to grow at a steady rate during the forecast period from 2017 to 2025.

 
Driving Factors for Shotcrete Market

  • Rapid growth in the construction industry in terms of process and technology
  • Rising number of the underground construction projects globally
  • Cost efficient and technical advancement in production processes
  • Sustainability of shotcrete materials
  • Increasing demand for cost-efficient raw material and growing government initiatives

 

How Is The Market Segmented?
By Term Segments
By Process Wet mix shotcrete and dry mix shotcrete
By System Manual systems and robotic spraying system
By Application Water retaining structures, repair works, protective coatings, underground construction, marine construction, building and bridge construction among others
By Region Asia Pacific, North America, Middle East & Africa (MEA), Europe and Latin America

 

Major Players
Headquarters Corporations
The U.S. U.S. Concrete, Inc. & others
Germany BASF SE, Heidelbergcement AG & others
Switzerland Sika AG, Lafargeholcim & others
Mexico CEMEX S.A.B. de C.V. & others
Canada KPM Industries Ltd. & others

Shotcrete market - Introduction

The global shotcrete market is expected to grow at a healthy rate during the forecast period 2017 to 2025. In the Shotcrete market report, the market is segmented based on process, system, application and region. Shotcrete is primarily sand, cement, and fine aggregate concrete conveyed through a hose. It is pneumatically projected at high velocity onto a surface, as a construction technique. It is reinforced by general steel mesh, steel rods or fibers. Shotcrete is more of an all-inclusive term to describe the spraying of mortar or concrete which is either part of a dry or wet-mix process. Shotcrete was also known as gunite. Marine structures, building repairs, undergrounds excavations are some of the prime application areas of shotcrete. Furthermore, sustainability of shotcrete materials is another major factor contributing to the positive growth of shotcrete market globally.

Report Overview
Aspect Details
Base Year of Estimation 2016
Value Estimation Year 2017
Forecast Period 2017 - 2025
Market Segmentations By Process, System, Application & Region
Regional Scope Asia Pacific, North America, Middle East & Africa (MEA), Europe and Latin America
Report Coverage Technology Analysis, Market Dynamics, Market Trends, Segmentation Overview and Competitive Landscape of the market

 

Technology Analysis

In the year of 1910, the equipment for pneumatically applying a fine aggregate cement mixture was first introduced. Since then, technological advancement and improvements have been made in the equipment and especially in the technologies required for application of pneumatically applied concrete or mortar. The wide adoption of shotcrete for surface and slope protection, tunnel lining, swimming pool construction, renovating existing structures and innovating special architectural features has resulted in the availability of a wide variety of manufactured pneumatic placement equipment. Shotcrete primarily have high strength, good resistance to weathering, low absorption, and resistance to some forms of chemical attack, these attributes are having a positive impact on the market and increasing the application of shotcrete across in different industries.

 

Market Dynamics

Shotcrete has huge potential applications in the construction sector. The growing rapid development in the construction industry in terms of process and technology and rising advancement and number of the underground construction projects across different economies globally is fueling the growth of shotcrete market size.

Shotcrete can take up any shape onto the surface which is one of the prime reasons behind the growing application in the construction industry. Shotcrete is applied in order to repair the damaged surface of wood, steel or concrete structures. Moreover, shotcrete has also found its application for the bridge deck rehabilitation. Shotcrete is generally applied in the building repair works to prevent earthquake and fire damage, strengthening walls and as a preventive measure against the deterioration. It also enhances and strengthens the structural steel for fireproofing. Furthermore, it also has applications in the damage protection of marine structures.

Shotcrete is also used rapidly to construct concrete swimming pools. Spillway surfaces are one of the major applications of the shotcrete. Cost efficient and technical advancement in production is also influencing shotcrete market trends in a positive manner. In addition, sustainability of shotcrete materials is also contributing to the growing application of shotcrete in different end-use industries globally. Increasing urbanization, increasing number of projects for underground transportation and economic development are driving the market for shotcrete across different developing economies across different regions globally which includes India, Philippines, and Indonesia. Lack of proper workforce to handle and difficulties in the transportation of different concrete are some of the major restraining factors for the market which may inhibit the growth of the market over the forecast period. Increasing demand for cost-efficient raw material and construction process and growing government initiatives towards the increasing number of construction projects is major opportunities for the shotcrete market across different regions globally.

 

Market Trends

Europe held the largest market share of shotcrete in terms of revenue in the shotcrete market globally, followed by Asia Pacific and North America. Germany, the U.K., Italy, and France are holding a prominent position in the shotcrete market across Europe. China, Japan, and India among others are dominating the market for shotcrete across Asia Pacific. Growing urbanization, economic development and increasing government initiatives towards the construction projects of underground transportation, long flyovers and bridges are some of the major influencing factors for the growth of shotcrete market across Asia Pacific. Increasing technological advancement in the construction industry is fueling the application of the shotcrete across South America and the Middle East and Africa. Brazil and Argentina, the U.A.E and South Africa are anticipated to register positive growth over the forecast period in the shotcrete market.

 

Segmentation Overview

By process, the shotcrete market is segmented into wet mix shotcrete and dry mix shotcrete. By system, the market for shotcrete is segmented into manual systems and robotic spraying system. By application, the market is segmented into water retaining structures, repair works, protective coatings, underground construction, marine construction, building and bridge construction among others. In terms of revenue, wet mix process is leading the market for shotcrete in process segment. In terms of systems, robotic spraying system is dominating the market for shotcrete globally. In terms of revenue and volume, underground construction and water retaining structures are leading the market for shotcrete in the application segment globally.

By geography, the market has been segmented into Asia-Pacific, North America, Middle East & Africa (MEA), Europe and Latin America. In terms of revenue and volume, Europe accounted for the largest market share of the shotcrete market, followed by Asia-Pacific and North America.

 

Competitive Landscape

Major companies operating in the shotcrete market are BASF SE (Germany), Sika AG (Switzerland), CEMEX S.A.B. de C.V. (Mexico), Heidelbergcement AG (Germany), KPM Industries Ltd. (Canada), U.S. Concrete, Inc. (The U.S.) and Lafargeholcim (Switzerland) among others.

 

Conclusion

The global shotcrete market is expected to grow at a healthy rate during the forecast period 2017 to 2025 considering the changing lifestyle, growing urbanization and increasing number of construction projects for subways, dams, highways, tunnels, bridges and other infrastructure globally.

 

KEY QUESTIONS ANSWERED BY THE REPORT
What will be the nature of growth of the market till 2025?
What are the major push factors that will affect the growth of the market?
What are the growth possibilities in different segments of the market?
Who are the leading market players?
What are the key strategies implemented by the market leaders to sustain growth in the market?
What are the major restraining factors for the market?
What are the ways to generate new revenue streams?
In-depth analysis of the competitive landscape and competitor behavior in the market

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