Shotcrete/sprayed Concrete Market - Industry Analysis, Market Size, Share, Trends,Application Analysis, Growth and Forecast 2021 - 2026

Report Code: CMR 18685 Report Format: PDF + Excel (Delivery in 48 Hrs)

Shotcrete/Sprayed Concrete Market Overview

Shotcrete/Sprayed Concrete Market size is forecast to reach $ 13.28 billion by 2026, after growing at a CAGR of 8.10% during 2021-2026, owning to increasing dement from repairing works, water-retaining, structure, underground construction, and other applications. Shotcrete concrete is easy to spray with low water permeability. Shotcrete/sprayed concrete is used for fire protection to steel-framed structures, for tunnel and refractory linings, and other structures such as swimming pools, river walls, domes, and shell structures. During sprayed cement, the dry mix & wet mix process stabilized the water-cement ratio and increases the performance of shotcrete. Thus, the rising demand for shotcrete/sprayed concrete with various properties such as freeze and thaw resistance, reduce plasticizer with the wet-mix process, and low surface cracking will enhance the market growth of the shotcrete/sprayed concrete market during the forecast period.

Construction and real estate industries are some of the major industries that have got a hit because of COVID-19. The new construction and repairing work stopped due to COVID-19 in 2020. Thus, the lack of production, supplement, and transportation of cementitious materials are limiting the market of shotcrete/sprayed concrete market.

Report Coverage

The report: Shotcrete/sprayed Concrete Market – Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the shotcrete/sprayed concrete industry.
By Material: Portland Cement, Water, Aggregate/Sand, and Others.
By Process: Dry Mix Process and Wet Mix Process.
By Type: Fiber Reinforced (Steel Fibers, Glass Fibers, Others), Silica, Polymer Modified, Admixtures, and Others.
By Application: New Construction, Repairing Construction (Marine Structures, Damaged Bridges, Others), Underground Construction, Water Retaining Structures (Pools, Water Tanks, Others), and Others.
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, Italy, France, Spain, Netherlands, Russia, Belgium, and Rest of Europe), Asia Pacific (China, Japan, India, South Korea, Australia & New Zealand, Indonesia, Taiwan, Malaysia, and Rest of Asia Pacific), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and RoW (Middle East and Africa)

Key Takeaways

  • Europe dominates the shotcrete/sprayed concrete market owing to increasing demand from construction, water-retaining, and underground construction in European countries.
  • Wet mix process used in various construction application, it helps to reduce plasticizer, which will exhibit growth of the shotcrete/sprayed construction industry during this forecast period.
  • Additionally, shotcrete required fire resistance, high durability, high density, and low permeability to apply which may be limiting the consumption of shotcrete/sprayed concrete in upcoming years.


Figure: Europe Shotcrete/Sprayed Concrete Market, 2021-2026 (US$ Billion)

Shotcrete/Sprayed Concrete Market
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Shotcrete/Sprayed Concrete Market Segment Analysis – By Material

Portland material segment is expected to lead the global shotcrete/sprayed concrete market as it improves the cracking deformation characteristics, increasing not only the toughness, impact and tensile strength, but also eliminates temperature and shrinkage cracks. Portland cement reduces permeability and increased brittleness, compared to normal cement concrete. Thus, due to various properties, portland cement is widely used in underground construction which is estimated to the growing demand for shotcrete/sprayed concrete market.

Shotcrete/Sprayed Concrete Market Segment Analysis - By Process

The wet mix process held the largest share in the shotcrete/sprayed concrete market in 2020. The wet mix process helps to reduce water plasticizers by improving the strength of concrete admixtures. This process contains less dust compared to the dry mix process and can be placed in lesser time with a large volume. The wet mix process consists of a mixture of portland cement and aggregate. This mixture is mixed with water to be pumped through a hose into a discharge nozzle. With the wet process, the water-cement ratio can be accurately controlled and can be easily achieved water-cement ratio below 0.45. Hence, with this process shotcrete concrete with low water permeability is used in new construction, protective coating, water retaining structure, and repairs, which has increased demand for wet process in the shotcrete/sprayed concrete market.

Shotcrete/Sprayed Concrete Market Segment Analysis – By Type

The fiber-reinforced segment is expected to lead the market in 2020 as it is highly demanded lightweight panels in construction. Fiber-reinforced shotcrete used for tunnel lining, surface coatings, water retaining structures that need to controlling cracks. Fiber-reinforced improves the load-bearing and energy absorption capacity of concrete. Thus due to such factors, fiber-reinforced types are used for shotcrete/sprayed concrete.

Shotcrete/Sprayed Concrete Market Segment Analysis – By Application

New construction dominated the global shotcrete/sprayed concrete market in 2020 and is growing at a CAGR of 8.4% during 2021-2026 due to increasing demand for new construction and repairing works. Shotcrete/Sprayed concrete has been used extensively to construct swimming pools and large aquariums. Therefore, the growth in the construction sector is continuously increasing the demand for portland cement and other cementitious materials. In 2019, China government invested 1.9 billion on 13 public housing projects. In addition, in February 2020, the Asian Development Bank approved a loan of $631 million to develop the Vishakhapatnam-Chennai industrial corridor. Thus, the rising consumption of concrete in new construction is anticipated to increase the demand for the shotcrete/sprayed concrete market.

Shotcrete/Sprayed Concrete Market Segment Analysis – By Geography

Europe region dominated the global shotcrete/sprayed market with a share of 32% in 2020 owing to increasing underwater construction in the region. Concrete is used in mining and underground excavation due to various properties such as high durability, low water permeability, freeze and thaw resistance, and other properties. Due to its better outlay in tunneling and mining appliances, the European shotcrete concrete market is rapidly rising. In Europe, according to “Trans-European Transport Network (TEN-T)”, it will involve the construction of around 2,100 km of tunnels by 2030. Tunnels provide various environmental and economic advantages such as environmental preservation, reduction in noise pollution, thus being sustainable and economically efficient. Thus, the investment in tunnel lining is expected to grow the shotcrete/sprayed concrete industry in the region.

Shotcrete/Sprayed Concrete Market Drivers

Increasing Adoption for Sprayed Concrete Admixtures in Water Retaining Structures and Underground Construction

Shotcrete/sprayed concrete is used in swimming pools, water tanks, and canal linings. It is also used in tunneling & mining as it is applied in a short time for rock stabilization. With wet mix process and dry mix, the process provides high bond strength to concrete, thus they are used in underground construction. Sprayed concrete is used to reduce re-bound and controlling chemical emission, which helps to reduce the curing period of shotcrete before re-entry with low water permeability. Cement shotcrete increases both tensile and flexural strength, improved bonding, and decreased high density and permeability. Thus, with the increasing demand for shotcrete concrete in water retaining constructions, new construction, underground construction, and other application, the market for shotcrete/sprayed concrete is also estimated to grow over the forecast period.

Increasing Demand from Asia Pacific Region

Concrete admixtures are providing high strength at low maintenance costs and low water permeability to construction. Thus, the rising demand for portland cement for new construction in developing countries such as China and India is boosting the demand for the shotcrete/sprayed concrete market. According to the “India Brand Equity Foundation (IBEF)” the real estate sector of India will grow US$ 1 trillion by 2030 and Rs. 65,000 crore (US$ 9.30 billion) by 2040. Also, the real state sector will be contributing 13% to India’s GDP by 2025. Furthermore, according to China Electronic Information Industry Development (CCID), the country is expected to spend CNY10 trillion (US$1.4 trillion) on new infrastructure projects between FY20-FY25. Thus, such factors are increasing the demand for shotcrete/sprayed concrete for new construction.

Shotcrete/Sprayed Cement Market Challenges

Environmental and Health Issues Arising from the Dust Released in Dry Process

Concrete produced by the wet mix process and dry mix process and requires high density and permeability. With the dry-mix process, many pollutions are released during the production of cement includes air pollution, dust pollution, ground vibration, solid waste pollution noise pollution, and resource depletion due to raw material extraction. Hence, concrete is the cause of eye irritation skin irritation, and enhanced susceptibility to ocular infection. Inhalable particles, those smaller than 10 ?m, can be associated with respiratory disorders such as asthma, tracheitis, pneumonia, allergic rhinitis, and silicosis. Thus this factor may limit the market growth.

Shotcrete/Sprayed Concrete Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the shotcrete/sprayed concrete market. Major players in Shotcrete/sprayed concrete market are BASF, CEMEX. GCP Applied Technologies, KPM Industries, LKAB, Mapei, Natural Cement Distribution, Sika, The Euclid Chemical Company, The QUIKRETE Companies, Votorantim Cimentos, and among others.

Acquisitions/Technology Launches

  • In March 2019, Sika AG acquired KPM Industries Ltd, an independent Canadian manufacturer of dry shotcrete and mortars for concrete repair. Sika will further expand its geographical footprint in Canada and improve its growth potential in the home improvement, construction, mining, and tunneling markets with this acquisition.
  • In January 2019, BASF SE launched its Virtual Design and Construction (VDC) resource center, which offers Building Information Modeling (BIM) content and other digital services for its clients in the construction industry.

Relevant Reports

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Report Code: CMR 1105

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1. Shotcrete/Sprayed Concrete Market - Market Overview
    1.1 Definitions and Scope 
2. Shotcrete/Sprayed Concrete Market - Executive Summary
    2.1 Key Trends by Material
    2.2 Key Trends by Process
    2.3 Key Trends by Type
    2.4 Key Trends by Application
    2.5 Key Trends by Geography
3. Shotcrete/Sprayed Concrete Market – Comparative analysis 
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Shotcrete/Sprayed Concrete Market - Startup companies Scenario Premium Premium 
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Shotcrete/Sprayed Concrete Market – Industry Market Entry Scenario Premium Premium 
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6.Shotcrete/Sprayed Concrete Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes 
7. Shotcrete/Sprayed Concrete Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies 
8. Shotcrete/Sprayed Concrete Market – By Material (Market Size -$Billion)
    8.1 Portland Cement
    8.2 Water
    8.3 Aggregate/Sand
    8.4 Others
9. Shotcrete/Sprayed Concrete Market – By Process (Market Size -$Billion)
    9.1 Wet Mix Process
    9.2 Dry Mix Process
10. Shotcrete/Sprayed Concrete Market – By Type (Market Size -$Billion)
    10.1 Fiber Reinforced
        10.1.1 Steel Fibers
        10.1.2 Glass Fibers
        10.1.3 Others
    10.2 Silica
    10.3 Polymer Modified
    10.4 Admixtures
    10.5 Others
11. Shotcrete/Sprayed Concrete Market – By Application (Market Size -$Billion)
    11.1 New Construction
    11.2 Repairing Construction
        11.2.1 Marine Structures
        11.2.2 Damaged Bridges
        11.2.3 Others
    11.3 Underground Construction
    11.4 Protective Coatings
    11.5 Water Retaining Structures
        11.5.1 Pools
        11.5.2 Water Tanks
        11.5.3 Others
    11.6 Others
12. Shotcrete/Sprayed Concrete Market - By Geography (Market Size -$Million/Billion)
    12.1 North America
        12.1.1 USA
        12.1.2 Canada
        12.1.3 Mexico
    12.2 Europe
        12.2.1 UK
        12.2.2 Germany
        12.2.3 France
        12.2.4 Italy
        12.2.5 Netherlands
        12.2.6 Spain
        12.2.7 Russia
        12.2.8 Belgium
        12.2.9 Rest of Europe
    12.3 Asia-Pacific
        12.3.1 China
        12.3.2 Japan
        12.3.3 India
        12.3.4 South Korea
        12.3.5 Australia and New Zeeland
        12.3.6 Indonesia
        12.3.7 Taiwan
        12.3.8 Malaysia
        12.3.9 Rest of APAC
    12.4 South America
        12.4.1 Brazil
        12.4.2 Argentina
        12.4.3 Colombia
        12.4.4 Chile
        12.4.5 Rest of South America
    12.5 Rest of the World
        12.5.1 Middle East
            12.5.1.1 Saudi Arabia
            12.5.1.2 UAE
            12.5.1.3 Israel
            12.5.1.4 Rest of the Middle East
        12.5.2 Africa
            12.5.2.1 South Africa
            12.5.2.2 Nigeria
            12.5.2.3 Rest of Africa
13. Shotcrete/Sprayed Concrete Market – Entropy
    13.1 New Product Launches
    13.2 M&As, Collaborations, JVs and Partnerships
14. Shotcrete/Sprayed Concrete Market – Market Share Analysis Premium
    14.1 Market Share at Global Level - Major companies
    14.2 Market Share by Key Region - Major companies
    14.3 Market Share by Key Country - Major companies
    14.4 Market Share by Key Application - Major companies
    14.5 Market Share by Key Product Type/Product category - Major companies
    14.6 Company Benchmarking Matrix - Major Companies
15. Shotcrete/Sprayed Concrete Market – Key Company List by Country Premium Premium
16. Shotcrete/Sprayed Concrete Market   Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    16.1 Company 1
    16.2 Company 2
    16.3 Company 3
    16.4 Company 4
    16.5 Company 5
    16.6 Company 6
    16.7 Company 7
    16.8 Company 8
    16.9 Company 9
    16.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies"

LIST OF TABLES

1.Global Shotcrete/Sprayed Concrete Market By Process Market 2019-2024 ($M)
1.1 Wet Mix Shotcrete Process Market 2019-2024 ($M) - Global Industry Research
1.2 Dry Mix Shotcrete Process Market 2019-2024 ($M) - Global Industry Research
2.Global Shotcrete/Sprayed Concrete Market By System Market 2019-2024 ($M)
2.1 Robotic Spraying System Market 2019-2024 ($M) - Global Industry Research
2.2 Manual System Market 2019-2024 ($M) - Global Industry Research
3.Global Shotcrete/Sprayed Concrete Market By Process Market 2019-2024 (Volume/Units)
3.1 Wet Mix Shotcrete Process Market 2019-2024 (Volume/Units) - Global Industry Research
3.2 Dry Mix Shotcrete Process Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Shotcrete/Sprayed Concrete Market By System Market 2019-2024 (Volume/Units)
4.1 Robotic Spraying System Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Manual System Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Shotcrete/Sprayed Concrete Market By Process Market 2019-2024 ($M)
5.1 Wet Mix Shotcrete Process Market 2019-2024 ($M) - Regional Industry Research
5.2 Dry Mix Shotcrete Process Market 2019-2024 ($M) - Regional Industry Research
6.North America Shotcrete/Sprayed Concrete Market By System Market 2019-2024 ($M)
6.1 Robotic Spraying System Market 2019-2024 ($M) - Regional Industry Research
6.2 Manual System Market 2019-2024 ($M) - Regional Industry Research
7.South America Shotcrete/Sprayed Concrete Market By Process Market 2019-2024 ($M)
7.1 Wet Mix Shotcrete Process Market 2019-2024 ($M) - Regional Industry Research
7.2 Dry Mix Shotcrete Process Market 2019-2024 ($M) - Regional Industry Research
8.South America Shotcrete/Sprayed Concrete Market By System Market 2019-2024 ($M)
8.1 Robotic Spraying System Market 2019-2024 ($M) - Regional Industry Research
8.2 Manual System Market 2019-2024 ($M) - Regional Industry Research
9.Europe Shotcrete/Sprayed Concrete Market By Process Market 2019-2024 ($M)
9.1 Wet Mix Shotcrete Process Market 2019-2024 ($M) - Regional Industry Research
9.2 Dry Mix Shotcrete Process Market 2019-2024 ($M) - Regional Industry Research
10.Europe Shotcrete/Sprayed Concrete Market By System Market 2019-2024 ($M)
10.1 Robotic Spraying System Market 2019-2024 ($M) - Regional Industry Research
10.2 Manual System Market 2019-2024 ($M) - Regional Industry Research
11.APAC Shotcrete/Sprayed Concrete Market By Process Market 2019-2024 ($M)
11.1 Wet Mix Shotcrete Process Market 2019-2024 ($M) - Regional Industry Research
11.2 Dry Mix Shotcrete Process Market 2019-2024 ($M) - Regional Industry Research
12.APAC Shotcrete/Sprayed Concrete Market By System Market 2019-2024 ($M)
12.1 Robotic Spraying System Market 2019-2024 ($M) - Regional Industry Research
12.2 Manual System Market 2019-2024 ($M) - Regional Industry Research
13.MENA Shotcrete/Sprayed Concrete Market By Process Market 2019-2024 ($M)
13.1 Wet Mix Shotcrete Process Market 2019-2024 ($M) - Regional Industry Research
13.2 Dry Mix Shotcrete Process Market 2019-2024 ($M) - Regional Industry Research
14.MENA Shotcrete/Sprayed Concrete Market By System Market 2019-2024 ($M)
14.1 Robotic Spraying System Market 2019-2024 ($M) - Regional Industry Research
14.2 Manual System Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
2.Canada Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
3.Mexico Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
4.Brazil Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
5.Argentina Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
6.Peru Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
7.Colombia Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
8.Chile Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
9.Rest of South America Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
10.UK Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
11.Germany Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
12.France Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
13.Italy Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
14.Spain Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
15.Rest of Europe Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
16.China Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
17.India Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
18.Japan Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
19.South Korea Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
20.South Africa Shotcrete/sprayed Concrete Market Revenue, 2019-2024 ($M)
21.North America Shotcrete/sprayed Concrete By Application
22.South America Shotcrete/sprayed Concrete By Application
23.Europe Shotcrete/sprayed Concrete By Application
24.APAC Shotcrete/sprayed Concrete By Application
25.MENA Shotcrete/sprayed Concrete By Application
26.BASF SE, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Cemex S.A.B. De C.V., Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Sika AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Heidelbergcement AG, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.Lkab Berg & Betong AB, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.The Euclid Chemical Company, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.KPM Industries Ltd., Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Lafargeholcim, Sales /Revenue, 2015-2018 ($Mn/$Bn)