Shotcrete Concrete Market - Key Manufacturers Motivated Towards the Adoption of Key Strategies in The Future
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Sprayed or shotcrete concrete is majorly used in a broad range of construction applications including protective coatings, underground construction, free formed structures, water-retaining structures as well as specialty construction formations. Rapid growth of the underground construction applications is expected to drive the global shotcrete concrete market. This growth is mainly attributed to growing urbanization, rapid economic development as well as increasing underground transportation. Additionally, the shotcrete or sprayed concrete is also broadly utilized in the manufacturing of water retaining infrastructures such as sea walls, rivers, storage reservoirs, dams, canal linings, swimming pools as well as water towers. Furthermore, some of the major free form structures including theme park elements, sculptures as well as climbing walls are also built using sprayed or shotcrete concrete.
The global sprayed or shotcrete concrete market is majorly augmented by the rising number of construction activities especially for the underground infrastructure, increasing economic development across the globe as well as rapid urbanization in the emerging economies. Moreover, increasing growth of underground transportation, increased technical efficiency of shotcrete concrete owing to technological advancements as well as increasing tunneling and mining activities are some other key aspects driving the growth of the global sprayed or shotcrete concrete market. In addition to this, the global shotcrete or sprayed concrete market is also bolstered by increasing demand for free form structures including theme park elements, sculptures, water retaining structures as well as climbing walls. Furthermore, the companies involved in the global shotcrete or sprayed concrete market are continuously focusing on developing newer and relatively more advanced technologies and equipment. This in turn is projected to fuel the growth of the global shotcrete/sprayed concrete market over the forecast period.
The global shotcrete concrete market can be segmented on the basis of process, application, system and geography. Based on process, the global shotcrete concrete market can be bifurcated into wetmix process and drymix process. On the basis of application, the global market can be classified into underground construction, water retaining structures, repair works, protective coatings and others. Considering system, the global shotcrete concrete market can be sub-segmented into manual system and robotic spraying system. Based on geography, the market can be categorized into North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
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Some of the major players operating in the global shotcrete concrete market include BASF SE, Sika AG, KPM Industries Ltd., Lafargeholcim, Lkab Berg & Betong AB, Cemex S.A.B. de C.V., The Euclid Chemical Company, GCP Applied Technologies, Inc., Heidelbergcement AG, U.S. Concrete, Inc. and Quikrete Companies, Inc. among others.
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