Global Shotcrete Market is predicted to touch US $12.4 Billion by 2032.
Table of Contents
Shotcrete Market – Introduction
The global shotcrete market is expected to grow at a healthy rate from 2022 to 2032. The Shotcrete market report is segmented based on process, system, application, and region. Shotcrete is primarily sand, cement, and fine aggregate concrete conveyed through a hose. As a construction technique, it is pneumatically projected at high velocity onto a surface. 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, and underground excavations are some of the prime application areas of shotcrete. Furthermore, the sustainability of shotcrete materials is another major factor contributing to the positive growth of the market globally.
Report Overview
| Aspect | Details |
| Base year of Estimation | 2021 |
| Forecast Period | 2022 – 2032 |
| Market Segmentation | 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 |
Shotcrete Market Segmentation Overview
| 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 in the market
| Headquarters | Corporations |
| The U.S. | U.S. Concrete, Inc. & others |
| Germany | BASF SE, Heidelberg cement AG & others |
| Switzerland | Sika AG, Lafarge holcim & others |
| Mexico | CEMEX S.A.B. de C.V. & others |
| Canada | KPM Industries Ltd. & others |
Driving Factor 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
Technology Analysis
In 1910, the equipment for pneumatically applying a fine aggregate cement mixture was first introduced. Since then, technological advancements and improvements have been made in the equipment, especially in the technologies required to apply pneumatically applied concrete or mortar. The wide adoption of shotcrete for surface and slope protection, tunnel lining, swimming pool construction, renovating existing structures, and innovation of special architectural features has resulted in a wide variety of manufactured pneumatic placement equipment. Shotcrete primarily has high strength, good resistance to weathering, low absorption, and resistance to some forms of chemical attack; these attributes have a positive impact on the market and increase the application of shotcrete across different industries.
Market Dynamics
Shotcrete has huge potential applications in the construction sector. The rapid development in the construction industry in terms of process and technology and the advancement and number of underground construction projects across different economies globally is fueling the growth of the shotcrete market size. Shotcrete can take up any shape onto the surface, which is one of the prime reasons behind its growing application in the construction industry. Shotcrete is applied to repair the damaged surface of wood, steel, or concrete structures.
Moreover, shotcrete has also found its application for bridge deck rehabilitation. Shotcrete is generally applied in the building repair works to prevent earthquake and fire damage, strengthen 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 shotcrete. Cost-efficient and technical advancement in production is also influencing market trends positively. In addition, the sustainability of shotcrete materials is also contributing to the growing application of shotcrete in different end-use industries globally.
Increasing urbanization, an increasing number of projects for underground transportation, and economic development are driving the market for shotcrete across different developing economies across different regions globally, including India, the Philippines, and Indonesia. Lack of a good workforce to handle any difficulties in transportation of other concrete is some of the major restraining factors for the market, which may inhibit the market’s growth over the forecast period. Increasing demand for cost-efficient raw materials and construction processes and growing government initiatives towards the increasing number of construction projects are major opportunities for the market for shotcrete across different regions globally.
Market Trends
Europe held the largest market share in revenue in the shotcrete market globally, followed by the Asia Pacific and North America. Germany, the U.K., Italy, and France hold a prominent position in the shotcrete market across Europe. China, Japan, and India dominate the market for shotcrete across the Asia Pacific. Growing urbanization, economic development, and increasing government initiatives toward the construction projects of underground transportation, long flyovers, and bridges are some of the major influencing factors for the growth of the shotcrete market across the Asia Pacific. Increasing technological advancement in the construction industry fuels the shotcrete application across South America, 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 global market.
Segmentation Overview
By process
By process, the shotcrete market is segmented into wet mix shotcrete and dry mix shotcrete.
By system
By system, the shotcrete market is segmented into manual systems and robotic spraying systems.
By application
By application, the market is segmented into water retaining structures, repair works, protective coatings, underground construction, marine construction, and building and bridge construction, among others. In terms of revenue, the wet-mix process is leading the market for shotcrete in the 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
By geography, the market has been segmented into Asia Pacific, North America, Middle East & Africa (M.E.A.), Europe, and Latin America. In terms of revenue and volume, Europe accounted for the largest market share of the shotcrete market, followed by the 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), Heidelberg cement A.G. (Germany), K.P.M. Industries Ltd. (Canada), U.S. Concrete, Inc. (The U.S.) and Lafarge Holcim (Switzerland) among others.
Conclusion
The global shotcrete market is expected to grow healthy during the forecast period 2022 to 2032, considering the changing lifestyle, growing urbanization, and increasing number of construction projects for subways, dams, highways, tunnels, bridges, and other infrastructure globally.
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