Shotcrete/Sprayed Concrete Market Size, Share, Trends, Growth and Forecast 2032

Shotcrete/Sprayed Concrete Market Insights

According to a report from Zion Market Research, the global Shotcrete/Sprayed Concrete Market was valued at USD 8.14 Billion in 2023 and is projected to hit USD 22.93 Billion by 2032, with a compound annual growth rate (CAGR) of 12.2% during the forecast period 2024-2032.

This report explores market strengths, weaknesses, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and prospects that may emerge in the Shotcrete/Sprayed Concrete Market industry over the next decade.

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Shotcrete/Sprayed Concrete Market: Overview

In Shotcrete/Sprayed Concrete Market Report, Shotcrete or sprayed concrete is a procedure through which concrete is sprayed in a location as compared to traditionally used concrete pouring. In addition to this, sprayed concrete is used in curved structures such as domes, shell roofs, and tunnel linings. Moreover, the product is also utilized in underground construction activities as well as in maintaining walls & piled wall facings. Apparently, shotcrete or sprayed concrete is massively utilized for shielding steelwork from fire outbreaks along with providing strength to existing structures as well as repair works.

Furthermore, shotcrete or sprayed concrete is utilized in the construction of water-retaining structures such as swimming pools, canal linings, sea & river or pond/lake walls, dams, water storage reservoirs, and water towers. Reportedly, rock & soil stabilization, refractory linings, and pipeline encasement are are few protective coatings that make use of sprayed concrete. While shotcrete is utilized in theme park constructions, they are also used in sculptures and climbing walls.

Shotcrete/Sprayed Concrete Market: Growth Drivers

In the Shotcrete/Sprayed Concrete Market Report, the Growth of the shotcrete/sprayed concrete market can be attributed to the rise in underground construction activities as well as the thriving real estate business across the globe. Apart from this, the need for building strong infrastructure in cities as well as rural areas due to the growing trend of smart city concepts will boost the industry landscape. The rise in mining activities, underground road constructions, and the construction of tunnels will pave the way for the growth of the shotcrete/sprayed concrete industry.

Lucrative demand for low-cost housing will translate into a tremendous increase in the size of the shotcrete/sprayed concrete market.  Furthermore, a sharp rise in urbanization witnessed in rapidly expanding economies such as Egypt, India, Indonesia, and the Philippines will augment shotcrete/sprayed concrete market earnings.

Moreover, burgeoning transport activities across the globe will contribute remarkably towards shotcrete or sprayed concrete industry profit margins. The focus of shotcrete or sprayed concrete manufacturers on introducing new technologies & devices for concrete application will spearhead the expansion of the shotcrete or sprayed concrete market sphere over the years to come.

Shotcrete/Sprayed Concrete Market: Report Scope

Shotcrete/Sprayed Concrete Market: Regional Analysis

• Europe To Dominate Shotcrete or Sprayed Concrete Market Over 2021-2028

New developments in the European shotcrete/ sprayed concrete market can be attributed to the rise in mining & tunneling activities in countries such as France, UK, Germany, Italy, Sweden, Russia, Luxembourg, and Belgium.  In addition to this, the presence of giant players in the continent will contribute noticeably towards regional market size.

Shotcrete/Sprayed Concrete Market: Competitive Analysis

Some of the major players in the global Shotcrete/Sprayed Concrete market include:

• Heidelberg Cement AG
• Kryton International Inc.
• Sika AG
• Atlas Copco AB
• CEMEX S.A.B. de C.V.
• Tarmac Building Products Limited
• BASF SE
• Gunform International Limited
• Prestige Concrete Products
• The Euclid Chemical Company

The Global Shotcrete/Sprayed Concrete Market is segmented as follows:

By Process

• Wet
• Dry Concrete

By Application

• Underground Construction
• Water Retaining Structures
• Protective Coatings
• Repair Works

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa