Market Overview:
Shotcrete is a type of concrete that is pneumatically projected at high velocity onto a surface, such as a wall or formwork. It can be used for both new construction and repair work. The global shotcrete market was valued at US$ 2,362.8 Mn in 2017 and is expected to reach US$ 4,711.5 Mn by 2030, expanding at a CAGR of 7.4% from 2018 to 2030. The growth of the global shotcrete market can be attributed to the increasing demand for shotcrete in underground construction and water retaining structures applications across the globe.
Product Definition:
Shotcrete is a type of concrete that is pneumatically applied to form a thin, even layer over a surface.
Wet Mix:
Wet mix is a part of the concrete mixture that remains liquid after the addition of water during its preparation stage. It helps in providing plasticity and viscosity to the finished product. The demand for wet mix shotscrete has observed significant growth over the past few years owing to high performance efficiency, low cost, easy handling & storage along with ease in transportation and installation.
Dry Mix:
Dry mix is a fine powder made up of cement, sand, and water. It is used in Shotcrete to provide the necessary binding material for the aggregate during mixing and before it goes into the mold.
Application Insights:
The application segment includes underground construction, water retaining structures, protective coatings, repair works and others. Underground construction was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth of this application can be attributed to increasing urbanization along with industrialization and developing infrastructure in emerging economies including India & China.
Shotcrete is used for a variety of applications such as for new road construction; repairs & renovations; airport runways & taxiways; dams & dykes; railway sleepers/tracks etc., owing to its properties such as ease of use while mixing compared to conventional concrete which results in less dust production during transportation which reduces environmental impact on surroundings. Moreover, it provides better resistance against freezing temperatures due to increased cement content which aids in durability required for longer-term projects or heavy-duty uses.
Regional Analysis:
North America dominated the global market in 2017. The growth of the regional market can be attributed to increasing construction spending and growing demand for protective coatings. In addition, Shotcrete is a registered trade mark ofonite owned by Mabvros Corporation, U.S.
Asia Pacific is expected to witness significant growth during the forecast period owing to rising infrastructure investment coupled with rapid urbanization across emerging economies including China and India.
Europe was valued at USD X million in 2017 owing high consumption levels of shotcrete products especially in countries such as Germany.
Growth Factors:
- Increasing demand for Shotcrete in the construction industry as a result of its advantages over traditional construction methods.
- Growing popularity of Shotcrete as a preferred surfacing material for both interior and exterior applications.
- Rising demand from developing countries due to increasing infrastructure development activities.
- Technological advancements that have led to the development of new and improvedShotcrete formulations, resulting in better quality products with enhanced properties and performance characteristics.
Scope Of The Report
Report Attributes
Report Details
Report Title
Shotcrete Market Research Report
By Type
Wet Mix, Dry Mix
By Application
Underground Construction, Water Retaining Structures, Protective Coatings, Repair Works
By Companies
BASF SE, Heidelberg Cement, Grupo ACS, Lafargeholcim, Cemex, Sika AG, GCP Applied Technologies, U.S. Concrete, Normet, Tutor Perini Corporation, Thiessen Team, SAN
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Shotcrete Market Report Segments:
The global Shotcrete market is segmented on the basis of:
Types
Wet Mix, Dry Mix
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Underground Construction, Water Retaining Structures, Protective Coatings, Repair Works
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF SE
- Heidelberg Cement
- Grupo ACS
- Lafargeholcim
- Cemex
- Sika AG
- GCP Applied Technologies
- U.S. Concrete
- Normet
- Tutor Perini Corporation
- Thiessen Team
- SAN
Highlights of The Shotcrete Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wet Mix
- Dry Mix
- By Application:
- Underground Construction
- Water Retaining Structures
- Protective Coatings
- Repair Works
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Shotcrete Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Shotcrete is a mixture of Portland cement, water and sand that is sprayed onto a surface to create a hard finish.
Some of the major companies in the shotcrete market are BASF SE, Heidelberg Cement, Grupo ACS, Lafargeholcim, Cemex, Sika AG, GCP Applied Technologies, U.S. Concrete, Normet, Tutor Perini Corporation, Thiessen Team, SAN.
The shotcrete market is expected to grow at a compound annual growth rate of 7.4%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Shotcrete Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Shotcrete Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Shotcrete Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Shotcrete Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Shotcrete Market Size & Forecast, 2018-2028
4.5.1 Shotcrete Market Size and Y-o-Y Growth
4.5.2 Shotcrete Market Absolute $ Opportunity
Chapter 5 Global Shotcrete Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Shotcrete Market Size Forecast by Type
5.2.1 Wet Mix
5.2.2 Dry Mix
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Shotcrete Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Shotcrete Market Size Forecast by Applications
6.2.1 Underground Construction
6.2.2 Water Retaining Structures
6.2.3 Protective Coatings
6.2.4 Repair Works
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Shotcrete Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Shotcrete Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Shotcrete Analysis and Forecast
9.1 Introduction
9.2 North America Shotcrete Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Shotcrete Market Size Forecast by Type
9.6.1 Wet Mix
9.6.2 Dry Mix
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Shotcrete Market Size Forecast by Applications
9.10.1 Underground Construction
9.10.2 Water Retaining Structures
9.10.3 Protective Coatings
9.10.4 Repair Works
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Shotcrete Analysis and Forecast
10.1 Introduction
10.2 Europe Shotcrete Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Shotcrete Market Size Forecast by Type
10.6.1 Wet Mix
10.6.2 Dry Mix
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Shotcrete Market Size Forecast by Applications
10.10.1 Underground Construction
10.10.2 Water Retaining Structures
10.10.3 Protective Coatings
10.10.4 Repair Works
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Shotcrete Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Shotcrete Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Shotcrete Market Size Forecast by Type
11.6.1 Wet Mix
11.6.2 Dry Mix
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Shotcrete Market Size Forecast by Applications
11.10.1 Underground Construction
11.10.2 Water Retaining Structures
11.10.3 Protective Coatings
11.10.4 Repair Works
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Shotcrete Analysis and Forecast
12.1 Introduction
12.2 Latin America Shotcrete Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Shotcrete Market Size Forecast by Type
12.6.1 Wet Mix
12.6.2 Dry Mix
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Shotcrete Market Size Forecast by Applications
12.10.1 Underground Construction
12.10.2 Water Retaining Structures
12.10.3 Protective Coatings
12.10.4 Repair Works
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Shotcrete Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Shotcrete Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Shotcrete Market Size Forecast by Type
13.6.1 Wet Mix
13.6.2 Dry Mix
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Shotcrete Market Size Forecast by Applications
13.10.1 Underground Construction
13.10.2 Water Retaining Structures
13.10.3 Protective Coatings
13.10.4 Repair Works
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Shotcrete Market: Competitive Dashboard
14.2 Global Shotcrete Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BASF SE
14.3.2 Heidelberg Cement
14.3.3 Grupo ACS
14.3.4 Lafargeholcim
14.3.5 Cemex
14.3.6 Sika AG
14.3.7 GCP Applied Technologies
14.3.8 U.S. Concrete
14.3.9 Normet
14.3.10 Tutor Perini Corporation
14.3.11 Thiessen Team
14.3.12 SAN
