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Shotcrete Accelerator Market by Top Key Players: Sika, BASF, GCP Applied Technologies, Mapei, Euclid Chemical Company, Normet Oy, Basalite Concrete, Chryso, Fosroc and Denka Company

Shotcrete Accelerator Market by Top Key Players: Sika, BASF, GCP

Europe has substantial share in global shotcrete accelerator market owing to presence of large number of mines and technological advancement. Recent government initiatives for renovation of public structures such as bridges shall boost its consumption in this region. Countries such as Norway have developed fire resistant materials for use in tunnels. North America led by the U.S. has significant share with presence of large number of coal mines.

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Shotcrete Accelerator Market Size shall witness healthy growth during forecast period with application in construction industry. Rapid urbanization in emerging countries has led to formation of bridges and tunnels that employ product. These help in accelerating the construction work and provide better results. There has been an increase in government spending over public infrastructure and anticipated to propel shotcrete accelerator market.

These do not require moulds to settle down and are fast hardening materials that speeds up the overall process. It is advantageous in situations where either the framework is impractical or cost prohibitive or access for work area is difficult. These materials have excellent bonding strength that enhances durability of structures. It is operated by pneumatic machine that forces material into fine surface irregularities that is expected to boost shotcrete accelerator market.

Shotcrete or sprayed concrete accelerators are chloride free and non-caustic materials used in construction activities such as mining and tunnelling. These are sprayed by hose and projected at high velocity through pneumatically operated machine. It is placed and compacted at same time due to force exerted by nozzle and can be sprayed onto any type of shape or surface especially on vertical and overhead areas.

Major restriction for shotcrete accelerator is environmental problems due to dust generated during application. Strict government Regulations such as OSHA (Occupational Safety and Health Administration) makes it difficult for companies to ensure working conditions for workers. There is huge wastage during application that makes the process less economical. Further, requirement of skilled labour for machine operation may pose as a challenge.
Protective coatings such as fire resistive in mines are necessary to ensure safety of workers. Further, these are being used in buildings to attain flame resistant properties. Water retaining structures such as swimming pools have grown with increase in customer spending and shall employ these products.

Asia Pacific has moderate share in shotcrete accelerator market with presence of China, India and Australia as large coal and gold mining countries. In 2015, this region registered for over 8,000 million metric tonnes of mining production. Middle East & Africa has nascent share with growing tunnelling activities for public transportation.

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Top key players:
Prominent players of shotcrete accelerator market are Sika, BASF, GCP Applied Technologies, Mapei, Euclid Chemical Company, Normet Oy, Basalite Concrete, Chryso, Fosroc and Denka Company. Companies such as BASF are innovating new materials with better properties that meet government standards such as ASTM (American Society of Testing & Materials) to enhance their market penetration.

Market share calculation in this report is not done based on companies covered in it. The calculation of shotcrete accelerator Market share is done based on a regional approach and countries covered. On request, additional companies can be covered as well as regional data for particular country / countries can be provided.

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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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