Rapid developments in technology and raw materials, economic and technical efficiency of shotcrete, increase in underground constructions activities such as mining and tunneling are the key drivers for the growing shotcrete demand.
Wet mix and dry mix are the two major processes of shotcrete. These processes are used by many end-use industries to fulfill the growing demand for quality low-cost housing. The wet mix process dominates the global shotcrete market, in terms of value, and is projected to remain the fastest-growing segment by 2021.
Underground construction is the largest application of the shotcrete/sprayed concrete market, followed by water retaining structures, repair works, protective coatings, and others (free formed structures and new constructions). Growth in underground construction is primarily driven by increasing urbanization, fast growing economic development, and underground transportation, mainly in developing countries such as India, the Philippines, Egypt, and Indonesia.
Europe is the largest market for shotcrete, which accounted for the maximum share of the overall market, in terms of value, in 2015. This market share of Europe is attributed to rapid developments in shotcrete technology and raw materials, and increase in tunneling and mining activities. Asia-Pacific is the fastest-growing market, which is projected to register the highest CAGR of 9.1%, in terms of value, during the forecast period, owing to the growth in population, increase in consumer preferences, and changing lifestyle, which result in construction of dams, subways, highways, bridges, tunnels, and other infrastructure, thus driving the shotcrete market.
The shotcrete industry is seeing high research activities to create new equipment and minimize human intervention. One of the major inhibitor is the lack of technical expertise in the industry, which raises health and safety issues.
- BASF SE
- GCP Applied Technologies, Inc.
- Heidelbergcement AG
- KPM Industries Ltd.
- Lkab Berg & Betong AB
- MnM View
- Quikrete Companies, Inc.
- Sika AG
- The Euclid Chemical Company
- U.S. Concrete, Inc.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Shotcrete/Sprayed Concrete Market, By Process
8 Shotcrete/Sprayed Concrete Market, By Application
9 Shotcrete/Sprayed Concrete Market, By System
10 Shotcrete/Sprayed Concrete Market, By Region
11 Competitive Landscape
12 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/hx44xc/shotcretesprayed
Research and Markets
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