Press release
Shotcrete/Sprayed Concrete Market Size to Reach USD 16.13 billion, Trends, Growth Drivers, Competitive Statistics, Challenges and Global Forecast 2029
Shotcrete/Sprayed Concrete Market Overview:Shotcrete/sprayed concrete is a high performance concrete/mortar that is spread at high velocity on the backing surface of a construction through a hose. Shotcrete/sprayed concrete can be conveyed using two techniques, namely wet mix process and dry mix process.
The global Shotcrete/Sprayed Concrete market generated USD 8 billion in 2020, and is projected to reach USD 16.13 billion by 2029, witnessing a CAGR of 8.1% from 2022-2029.
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The economic & technical ability and sustainability of shotcrete materials will drive the demand growth for the shotcrete/sprayed concrete market. Additionally, the rapid development of shotcrete concrete technology will propel the demand for the shotcrete or sprayed cement market. Predominantly, challenges regarding the transportation of concrete mix may hamper the market growth for the shotcrete/sprayed concrete market. However, the growing demand for low-cost housing will create opportunities for the shotcrete/sprayed concrete market.
Shotcrete/Sprayed Concrete Market Key Players
The study of the growth of the top market player for in the target sector includes new projects with speculative returns, innovations and study of the accessibility of companies. some of the profiled players are BASF SE, Heidelberg Cement AG, Grupo ACS, Lafargeholcim Ltd., Cemex S.A.B. De C.V., Sika AG, GCP Applied Technologies, Vulcan Materials Company, Mapei S.p.A., Normed, The Euclid Chemical Company, KPM Industries Ltd., The QUIKRETE Companies, and Others
Recent Development
In February 2021, Sika AG has developed a new recycling process for old concrete in which the old concrete is broken down into individual parts gravel, sand and limestone in an efficient and straightforward process, which also binds about 60 kg of CO2 per ton of crushed concrete demolition waste. With the brand name reCO2ver, the innovation will significantly reduce the ecological footprint of the construction industry.
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Shotcrete/Sprayed Concrete Market Segmentation:
Shotcrete/Sprayed Concrete Market by Process, 2020-2029, (USD Million), (Kilotons)
Wet Mix Shotcrete Process
Dry Mix Shotcrete Process
Shotcrete/Sprayed Concrete Market by Application, 2020-2029, (USD Million), (Kilotons)
Underground Construction
Water Retaining Structures
Repair Works
Protective Coatings
Others
Shotcrete/Sprayed Concrete Market by Technique, 2020-2029, (USD Million), (Kilotons)
Robotic Spraying System
Manual System
Growth Factors:
Increasing demand from the Shotcrete/Sprayed Concrete industries
The growing use of Shotcrete/Sprayed Concrete in Chemical and Material Sectors.
Rising demand for products
Technological advancements in production processes
Growing applications in Shotcrete/Sprayed Concrete Market
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Shotcrete/Sprayed Concrete Market Regional Analysis
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Fiberglass Storage Tank (Fiberglass Tank) Professional in these regions, from 2022-2029, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Key Shotcrete/Sprayed Concrete Market Trends
- The report identifies, determines, and forecasts the Global Shotcrete/Sprayed Concrete Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Shotcrete/Sprayed Concrete Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is expected to drive the Growth
- Rising Adoption of Market Segments in the Shotcrete/Sprayed Concrete Growth
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Shotcrete/Sprayed Concrete Market.
Key questions answered in the report:
Which are the five top players of the Shotcrete/Sprayed Concrete market?
How will the Shotcrete/Sprayed Concrete market change in the next five years?
Which product and application will take a lion's share of the Shotcrete/Sprayed Concrete market?
What are the drivers and restraints of the Shotcrete/Sprayed Concrete market?
Which regional market will show the highest growth?
What will be the CAGR and size of the Shotcrete/Sprayed Concrete market throughout the forecast period?
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