Global shotcrete market is expected to expand at a CAGR of 8.1% in terms of revenue and 8.3% in terms of volume during 2017 – 2025.

Shotcrete is a technique used to spray concrete through a hose at high velocity onto surface pneumatically. The concrete mixed with water are sprayed through a nozzle over the substrate. The use of shotcrete lowers the ratio of water to cement and imparts high mechanical strength and long durability to the structure. Moreover, shotcrete enables low permeability and increases the bonding strength of the construction, while lowering the setting time for concrete. Shotcrete is sprayed over the substrate in dry-mix form and wet-mix form. For instance, in wet-mix, the cement mixture are mixed with water and sprayed through a nozzle pneumatically.

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Shotcrete find wide application in underground construction, protective coatings and water retaining structures. For instance, tunneling system for metro and roads, which includes tunnel lining, tunnel walls, underground chamber lining, and tunnel. Moreover, shotcrete is best suited for water retaining structures, which includes storage reservoir, swimming pools, dams, water towers, and canal ling. Furthermore, pipeline encasement, refractory lining, and soil stabilization also use shotcrete for protective coatings. Europe dominates the global shotcrete market in 2016, according to the stats provided by Coherent Market Insights. Increasing underground construction activities in Europe such as expansion of Paris metro line in the Lle-De-France region by 2030, is expected to create a fuel growth of the market for shotcrete during 2017-2025.

Market Dynamics

Growing urbanization and increasing traffic are prime challenges in the urban transport system. The construction and expansion of the city metro system contributes towards traffic, economic, congestion, social development, and environment friendly and attract community to opt public transport. For instance, metro became the most popular and used urban transport in most developed regions. For instance, number of passengers in Austria metro rise from 811 million in 2009 to 875 million in 2011. Moreover, Asia Pacific is expected to be the fastest growing market for shotcrete during 2017-2025, according to the stats provided by Coherent Market Insights. Growing underground tunnels, roads and metro activities to provide sustainable, economic and reliable transport to the rapidly growing population of Asia Pacific. For instance, in India 546 km of metro rail project for 11 cities are under construction and 903 kms for 13 cities are under consideration is expected to propel demand for shotcrete during 2017-2025.

Market Taxonomy

This report segments the global shotcrete market on the basis of process, system and application. On the basis of process, the market is segmented as wet-mix and dry-mix. On the basis of system, the global shotcrete market is segmented as robotic and manual. On the basis of application, the global shotcrete market is segmented into underground construction, water retaining structures, repair works, protective coatings, and others. The wet-mix shotcrete is dominating the process segments and is expected to expand at a CAGR of 9.8% during 2017-2025, due to growing construction activities and technological advancements being introduced into the process.

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Key features of the study:

This report provides in-depth analysis of the global shotcrete market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017 – 2022), considering 2016 as the base year

It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players

It profiles leading players in the global shotcrete market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans

Key companies covered as a part of this study include Axalta Coating Systems, BASF SE, Heidelberg Cement, Grupo ACS, Lafargeholcim, Cemex, Sika AG, GCP Applied Technologies, U.S. Concrete, Mapei, and Normet.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, technology upgrade, market expansion, and marketing tactics

The global shotcrete market report caters to various stakeholders in this industry, including investors, raw material manufacturer, end users, distributors, new entrants, and financial analysts

Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the shotcrete market.

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About Coherent Market Insights:

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