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Shotcrete Market is Striving in Worldwide with Top Key Players: BASF SE, Heidelberg Cement, Grupo ACS, Lafargeholcim, Cemex, Sika AG, GCP Applied Technologies, U.S. Concrete, Mapei, and Normet

02-08-2019 04:27 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Shotcrete Market

Shotcrete Market

The global shotcrete market size was valued at $4,441 million in 2015 and is expected to grow at a CAGR of 8.6% to reach $7,819 million by 2022. The rapid development of shotcrete technology & raw materials are expected to offer major opportunities to the world shotcrete market. Underground Construction segment was the largest contributor for global shotcrete market in 2015. Europe held the leading position in 2015, while Asia-Pacific is expected to be the highest growing market throughout the study period.

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Increased number of underground construction projects such as New York City Water Tunnel of 96.5 km in New York, U.S., Paris metro line 15 of 75 km in France, Brenner Base Tunnel of 55 km in Austria-Italy, Mass Rapid Transit: Thomson-East coast metro line of 42 km in Singapore drives the shotcrete market. Shotcrete is mainly used to strengthen the substrate by using Sprayed concrete linings (SCL) as a temporary or permanent lining considering time and cost required.

Shotcrete is a concrete spraying technique which is mainly used to reduce or eliminate the disadvantages of conventional concrete. Depending upon the method of spraying, it is classified into two types, namely, manual spraying system and robotic spraying system. The use of robotic spraying system is expected to grow as the rules and regulations regarding safety and health of the personnel are getting increasingly stringent.

The demand from wet-mix shotcrete process over conventional concrete is expected to register the highest growth rate owing to the versatility and time reduction. Further research in enhancing the properties of shotcrete raw materials is expected to continue the growth of wet mix shotcrete process making it a widely-used technique in the shotcrete market.
Manufacturers have focused on the growing construction industry of emerging economies such as India, Brazil, Argentina, and Saudi Arabia to increase their market share.

Key findings of Shotcrete Market:

• Shotcrete in underground construction application segment occupied the highest share in 2015, and is expected to grow at a CAGR of 8.9% in terms of value during the forecast period
• Europe is the leading consumer of shotcrete accounting for more than one-third share of the world shotcrete market, followed by Asia-Pacific
• The robotic system of shotcrete is expected to expand with the highest CAGR of 8.8% in terms of value during the forecast period
• Wet-mix technique of shotcrete segment accounted for approximately three-fourth of the global shotcrete market in 2015
• U.S. is the leading market for shotcrete in the North American region, growing at a CAGR 6.7% in terms of value during the forecast period.

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Europe accounted for the largest share in the global shotcrete market in 2015, while Asia-Pacific is projected to be the highest growing market for shotcrete during the forecast period. This is attributable to increase in underground construction application segment owing to the expansion of major shotcrete manufactures such as BASF SE and Sika AG in the region.

BASF SE installed a new construction chemical plant in Andhra Pradesh, India to meet the demand of the region and expand their market reach. Sika AG has opened a new production plant in Australia to fulfill the demand for concrete admixtures and supply product technologies to Government-funded Forrest field-Airport Link to build a new rail line, pair of tunnels, suburbs. The prominent players profiled in this report include BASF SE, Heidelberg Cement, Grupo ACS, Lafargeholcim, Cemex, Sika AG, GCP Applied Technologies, U.S. Concrete, Mapei, and Normet.

Other key players (not profiled in report) in the value chain include, Lkab Berg and Betong Quikrete cement and concrete products, Tutor Perini Corporation, Thiessen Team, and SAN

Table Of Content

Chapter: 1 INTRODUCTION
1.1. Report Description
1.2. Key Benefits
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Secondary Research
1.4.2. Primary Research
1.4.3. Analyst to ols and Models

Chapter: 2 EXECUTIVE SUMMARY
2.1. Market Snapshot
2.2. Key Findings
2.3. CXO Perspective

Chapter: 3 MARKET OVERVIEW
3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top Investment Pockets
3.2.2. Top Winning Strategy
3.3. Porter's Five Force's Analysis
3.3.1. Bargaining Power of Buyer
3.3.2. Barganing Power of Supplier
3.3.3. Threat of Substitute
3.3.4. Threat of New Entrant
3.3.5. Competitive Rivalry
3.4. Market Dynamics
3.4.1. Drivers
3.4.1.1. Rapid Development of Shotcrete Technology and Raw Materials
3.4.1.2. Economic and Technical Efficiency of Shotcrete
3.4.1.3. Sustainability of Shotcrete Process
3.4.2. Restraints
3.4.2.1. Transportation of Concrete Mix
3.4.3. Opportunities
3.4.3.1. Presence of Decision Making Bodies
3.4.3.2. Increasing Demand For Low-Cost Housing
3.4.4. Challenges
3.4.4.1. Shortage of Skilled Workforce
3.5. Product Bench Marking
3.6. Patent Analysis
3.7. Top Player Positioning

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About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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