The Shotcrete Market | Basic Information, Manufacturing Base and Competitors

Global shotcrete market report published by Allied Market Research was valued at $4,441 million in 2015, and is expected to reach $7,819 million by 2022 growing at a CAGR of 8.6% during the forecast period 2014-2022. 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.

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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.

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.

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