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Shotcrete Market Report by Technique (Wet Mix, Dry Mix), Application (Underground Construction, Water Retaining Structures, Protective Coatings, Repair Works), System (Manual System, Robotic Spraying System), and Region 2024-2032
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IMARC Group
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- BASF SE
- CEMEX S.A.B. de C.V.
- GCP Applied Technologies Inc
- HeidelbergCement AG
- Holcim
- LKAB Berg & Betong AB
- Sika AG
- The Euclid Chemical Company(RPM International Inc)
- The QUIKRETE Companies
- U.S. Concrete
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The global shotcrete market size reached US$ 9.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.9 Billion by 2032, exhibiting a growth rate (CAGR) of 6.9% during 2024-2032.
Shotcrete, or sprayed concrete, is a specialized mixture of cement and aggregate used for overhead and vertical construction applications. It is compressed and sprayed on the surface of the substrate through a sealed and pressure-resistance hose at high velocity. Shotcrete can be applied using both wet and dry mixes through manual and robotic systems. The dry mix is prepared by blending the construction materials in a specific ratio and transferring it to an air compressor through a hose or a pipe. This mix offers enhanced flexibility, durability, mechanical and compressive strength and low water permeability. The wet mix is prepared by adding water to the cement and is used to provide a decorative finish with high output capacity. Shotcrete is also mixed with silica fume, air-based admixtures, fibers and accelerators for enhanced functional properties. It is widely used for underground constructions, repairs and protective coatings.
Shotcrete Market Trends:
Significant growth in the construction industry across the globe is among the key factors creating a positive outlook for the market. Shotcrete is widely used for the development of water-retaining and free-foamed structures, shell roofs, domes, barrel vaulting, blast-proof constructions and chamber linings. Moreover, the increasing development of unground transport systems, especially in the developing economies, is anticipated to drive the market toward growth. Shotcrete aids in rock stabilization and provides arch linings and large cavity fillings for various tunneling and mining activities. In line with this, the widespread adoption of shotcrete for concrete repairs on vertical surfaces of canal walls, roads, bridges, dams and natural rock walls is also contributing to the market growth. Other factors, including the implementation of favorable government policies promoting infrastructural development, along with the production of sustainable shotcrete materials, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global shotcrete market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on technique, application and system.
Breakup by Technique:
Wet Mix
Dry Mix
Breakup by Application:
Underground Construction
Water Retaining Structures
Protective Coatings
Repair Works
Breakup by System:
Manual System
Robotic Spraying System
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being BASF SE, CEMEX S.A.B. de C.V., GCP Applied Technologies Inc, HeidelbergCement AG, Holcim, LKAB Berg & Betong AB, Sika AG, The Euclid Chemical Company (RPM International Inc), The QUIKRETE Companies and U.S. Concrete.
Key Questions Answered in This Report:
- How has the global shotcrete market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global shotcrete market?
- What are the key regional markets?
- What is the breakup of the market based on the technique?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the system?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global shotcrete market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Shotcrete Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Technique
- 6.1 Wet Mix
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Dry Mix
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Application
- 7.1 Underground Construction
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Water Retaining Structures
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Protective Coatings
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Repair Works
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
8 Market Breakup by System
- 8.1 Manual System
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Robotic Spraying System
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 BASF SE
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.1.3 Financials
- 14.3.1.4 SWOT Analysis
- 14.3.2 CEMEX S.A.B. de C.V.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.2.3 Financials
- 14.3.2.4 SWOT Analysis
- 14.3.3 GCP Applied Technologies Inc
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.3.3 Financials
- 14.3.4 HeidelbergCement AG
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.5 Holcim
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.5.3 Financials
- 14.3.5.4 SWOT Analysis
- 14.3.6 LKAB Berg & Betong AB
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Sika AG
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.7.3 Financials
- 14.3.8 The Euclid Chemical Company (RPM International Inc)
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 The QUIKRETE Companies
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.10 U.S. Concrete
- 14.3.10.1 Company Overview
- 14.3.10.2 Product Portfolio
- 14.3.10.3 Financials
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