Shotcrete/Sprayed Concrete Market is expected to see a growth of 7% during the forecast period 2023 - 2031

The Global Shotcrete/Sprayed Concrete Market (Markt für Spritzbeton/Spritzbeton) size stood at US$ 8.6 Bn in 2022 and is anticipated to reach US$ 15.9 Bn by 2031. The global market is estimated to expand at a CAGR of 7% between 2023 and 2031.

Shotcrete is a type of concrete that can be sprayed on a surface quickly to produce a thick coating of material that is both strong and long-lasting. It is a highly effective technique to apply concrete since it does not require formwork and uses less manpower.

Rise in need for concrete repair as well as rehabilitation is anticipated to boost the shotcrete/sprayed concrete industry at a rapid pace in the near future. Development of the industry is also being aided by the increase in popularity of subterranean building projects. Companies are making significant investments in production as well as capacity expansion in order to gain a larger Shotcrete/Sprayed Concrete Market share.

Download Sample Copy with Graphs & List of Figures: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=7700&utm_source=openpr_Kaustubh&utm_medium=openpr_Kaustubh

Key Findings of Market Report

In terms of type, the wet-mix type segment is projected to lead the global market in the near future. Rebound, or waste that springs out of the surface throughout the spraying process is less likely to occur with wet-mix shotcrete. It offers greater surface bonding and is less likely to rebound, which leads to a finished product of superior quality. Wet-mix shotcrete is a better solution owing to its uniformity and ease of use.

Global Shotcrete/Sprayed Concrete Market: Growth Drivers

The global Shotcrete/Sprayed Concrete Market is anticipated to grow in the near future due to growing emphasis on speeding up construction. Shotcrete has the advantage of being simple and precise to use. Concrete can be applied or sprayed onto the surface in any contour or shape, thus rendering it a perfect material for complicated geometries or uneven surfaces.

Furthermore, using a high-pressure nozzle enables precise application of concrete, thereby producing a finished product that is more consistent and uniform. Therefore, a greater emphasis on speeding up construction is anticipated to fuel the global market for shotcrete and sprayed concrete.
Increase in investment in infrastructure development is estimated to boost market demand. Existing infrastructure is under tremendous pressure due to population explosion. Governments and corporate organizations are making investments in fresh infrastructural projects to improve connectivity, mobility, and accessibility to basic services. Since shotcrete sets up quickly and has a high strength-to-durability ratio, it has become more popular than traditional concrete.

Global Shotcrete/Sprayed Concrete Market: Regional Landscape

Based on region, Europe is anticipated to have the highest market share between 2023 and 2031. The business growth of the North America market is fueled by presence of trained personnel, expansion of the construction industry, and well-established infrastructure. Construction of subterranean tunnels, mining activities, and various other infrastructure projects generate considerable demand for shotcrete throughout Europe.

The region has developed infrastructure, and the building sector is renowned for its high standards and use of cutting-edge technology. A highly trained labor force and sophisticated research and development skills found in Europe allow for the creation of effective and innovative shotcrete products.

Global Shotcrete/Sprayed Concrete Market: Key Players

Some of the key players in the global Shotcrete/Sprayed Concrete Market are as follows:

GCP Applied Technologies
Earth Friendly Concrete
LKAB Berg & Betong
KPM Industries Ltd.
Mapei S.p.A
CEMEX

Buy this Premium Research Report: https://www.transparencymarketresearch.com/checkout.php?rep_id=7700<ype=S&utm_source=openpr_Kaustubh&utm_medium=openpr_Kaustubh

Global Shotcrete/Sprayed Concrete Market: Segmentation

Type

Wet-mix
Dry-mix

System

Robotic System
Manual System

Application

Repair Works
Bridges
Marine Structures
Spillway Surface
Tunneling
Slope Protection
New Structures
Water Retaining Structures
Others

End-use

Residential
Commercial
Industrial

Regions

North America
Europe
Asia Pacific
Middle East & Africa
Latin America

More Trending Reports by Transparency Market Research -

Polyfluoroalkyl Substances (PFAS) Waste Management Market - (폴리플루오로알킬 물질 (PFAS) 폐기물 관리 시장) https://www.transparencymarketresearch.com/polyfluoroalkyl-substances-pfas-waste-management-market.html

Zinc-air Batteries Market - (아연공기 배터리 시장) https://www.transparencymarketresearch.com/zin-cair-batteries-market.html

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

Contact:

Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com

This release was published on openPR.