Shotcrete/Sprayed Concrete Market Overview: According to a comprehensive research report by Market Research Future (MRFR), “Sprayed Concrete Market Research Report, Technology, Application, Material and Region - Forecast till 2028” the market is projected to be worth USD 15.24 billion by 2028, registering a CAGR of 8.45% during the forecast period (2021 - 2028), The market was valued at USD 8.41 billion in 2020.
Key Players
List of the key companies in the global Shotcrete Concrete Market Profiled are-
- BASF SE (Germany)
- HEIDELBERGCEMENT AG (Germany)
- CEMEX S.A.B. de C.V. (Mexico)
- LafargeHolcim (Switzerland)
- Sika AG (Switzerland)
- LKAB (Sweden)
- KPM Industries Ltd (Canada)
- The QUIKRETE Companies (US)
- GCP Applied Technologies Inc. (US)
- U.S. Concrete Inc. (US).
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High Demand from Construction and Infrastructure Industries
Sprayed concrete is a type of specialty concrete that is projected at high velocity on the surface of construction using a pressure-resistant hose. The use of shotcrete/sprayed concrete is based on a flexible and cost-effective method. The concrete mix is hydrated with water and blown onto the substrate via a spraying nozzle. Sprayed concrete has some benefits over previous concrete. They provide constructions with exceptional mechanical strength and longevity. They use a lower water-to-cement ratio, resulting in excellent compressive strength and dense compaction.
There are two methods for transporting sprayed concrete: wet mix and dry mix. Water is added to the cement, aggregate, and sprayed concrete additive mixture in a wet mix. This wet mixture is then pumped into a nozzle, where air and shotcrete accelerators are added. Wet mix sprayed concrete is used to provide a decorative finish with a high output capacity and long life. Cement, aggregate, and admixture are combined in a precise ratio without water and placed in a delivery vehicle in a dry mix. An air compressor is then used to propel the mixed substance via a high-velocity hose or pipe. Dry sprayed concrete is extremely flexible and has high early strength. The inclusion of ingredients such as silica fume, air-entraining admixtures, fibers, and accelerators can improve the properties of sprayed concrete mixes.
Increased awareness of shotcrete's technical efficiency is likely to boost the market growth. Other factors such as advancements in shotcrete technology and raw materials, sustainability of shotcrete materials, growing demand from the construction and infrastructure industries, and increasing usage in the manufacturing of domes, barrel vaulting, bank vaults, and others will drive the shotcrete/sprayed concrete market from 2020 to 2027.
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Market Segmentation
The global sprayed concrete industry has been segmented based on process, system, and application.
On the basis of process, the global sprayed concrete market has been divided into wet process and dry process. The wet process segment is leading the market, owing to various advantages such as controlling water content, easy spraying, and adding admixtures as per design requirements during the preparation of the mix.
On the basis of systems, the global sprayed concrete market has been divided into robotic spraying systems and manual systems. The robotic spraying system is the dominating segment due to the growing demand for simplifying the tasks of the operator and the dearth of trained spraying equipment operators.
On the basis of application, the worldwide sprayed concrete market has been segmented into underground construction, protective coatings, water-retaining structures, strengthening & repair, specialty construction, and retaining walls. The underground construction segment earns the maximum market share due to the increasing underground construction across the globe.
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The Shotcrete/Sprayed Concrete Market research report provides the latest industry data, growth, key segments and future trends on the basis of the detailed study.
This market report also allows you to identify the future opportunity and growth rate of the leading segment based on regions and countries.The report also covers detailed competitive landscape including company profiles of key players operating in the global market.
De C.V., GCP Applied Technologies, Inc., Heidelbergcement AG, KPM Industries Ltd., Lafargeholcim, Lkab Berg & Betong AB, Quikrete Companies, Inc., Sika AG, The Euclid Chemical Company and U.S.
Concrete, Inc. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.Get more information on "Global Shotcrete/Sprayed Concrete Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/shotcrete-sprayed-concrete-market/download-sampleMarket DynamicsThe market of shotcrete/sprayed concrete is primarily driven by rising underground construction activities, increasing underground transportation, rapid economic development & ongoing urbanization, and growing activities of mining and tunneling.
Moreover, the market is also growing by increasing construction of free-form structures such as sculptures, theme park elements, climbing walls and water-retaining structures such as dams, storage reservoirs, swimming pools, canal linings and water towers.
Further adding to this, the manufacturers are consistently developing new technologies and advanced equipment for shotcrete/sprayed concrete application which is likely to open a new opportunity for the market in the years to come.This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis.
The Global Shotcrete/Sprayed Concrete Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026 gives an evaluation of the market developments based on historical studies and comprehensive research respectively.
The market segments are also provided with an in-depth outlook of the competitive landscape and a listing of the profiled key players.Shotcrete is concrete transmitted through pipes at high velocity onto the surface, used as a construction technique.
It is the mix version of wet and dry material such as cement, concrete, aggregates, and other admixtures including water.
The demand for shotcrete concrete has increased owing to its innovative characteristics such as it can take up any shape onto the surface.
Europe is estimated to be the largest market owing to its growing focus on infrastructural activities.
Asia Pacific being a developing region has also witnessed an augmented growth with its rising economic and infrastructural development.Report includes a detailed analysis on value chain in order to provide a holistic view of the shotcrete/sprayed concrete market.
Global Sprayed Concrete Market: SynopsisThe detailed report published by Market Research Future (MRFR) projects that the global sprayed concrete market is marked to exhibit significant expansion at a CAGR of 8% during the forecast period of 2017-2022.
The global sprayed concrete market is also anticipated to reach the market valuation of USD 9.1 Bn by the end of the review period (2022).
Increase in underground constructions as a result of rapid urbanization, utilization of technologically advanced solutions to optimize the construction process, rise in investments for the construction of highly durable tunnels to ease the transportation, and increased mining activities due to skyrocketing global demand are majorly propelling the growth of the global sprayed concrete market during the assessment period.Request for Free Sample Report @ https://www.marketresearchfuture.com/sample_request/1817Global Sprayed Concrete Market: Segmental AnalysisThe global sprayed concrete market has been segmented on the basis of process and application.
Based on process, the global sprayed concrete market has been segmented into dry process and wet process.
Among these, the wet process commands the major share of the global sprayed concrete market owing to the high utilization of this provides better durability and rigidity to the infrastructure without spreading cement dust in the air.
Increased government funding for the development of public infrastructure, rapid urbanization, high demand for underground public transportation system in order to avoid the delay caused by surface traffic, and increased adoption of advanced technology for optimizing the process of infrastructural development are also fueling the growth of the global sprayed concrete market during the assessment period.Global Sprayed Concrete Market: Regional AnalysisGeographically, the global sprayed concrete market has been segmented into four major regions such as Asia Pacific (APAC), North America, Europe, and the rest of the world.
The Global Shotcrete/Sprayed Concrete Market Report is a comprehensive and in-depth study on the size, share, growth,trends, demand and estimation with a focus on the latest development.
The report provides key statistics on the market status with highlights on various important strategic such as mergers, acquisitions, partnership and other development.The broad shotcrete/sprayed concrete market has been sub-grouped into process, application and system.
The report studies these subsets with respect to the geographical segmentation.
The strategists can gain a detailed insight and devise appropriate strategies to target specific market.
This detail will lead to a focused approach leading to identification of better opportunities.Request a FREE Sample Copy of Global Shotcrete/Sprayed Concrete Market Report with Full TOC At: https://www.valuemarketresearch.com/contact/shotcrete-sprayed-concrete-market/download-sampleBy ProcessWet Mix Shotcrete ProcessDry Mix Shotcrete ProcessBy ApplicationUnderground ConstructionWater Retaining StructuresRepair WorksProtective CoatingsOthersBy SystemRobotic Spraying SystemManual SystemThe report also covers detailed competitive landscape including company profiles of key players operating in the global market.
The key players in the shotcrete/sprayed concrete market includes BASF SE, Cemex S.A.B.
