Shotcrete/Sprayed Cement Market - Forecast(2023 - 2028)

Shotcrete/Sprayed Cement Market Overview

Shotcrete/Sprayed Cement Market size is forecast to reach $11.2 billion by 2026, after growing at a CAGR of 7.9% during 2021-2026. Globally, the increasing usage of portland cement in building beams, sea & river walls (water retaining structures), swimming pools, used as protective coatings material) for rock & soil stabilization, and other, is increasing market growth. Cement is used for reducing the setting time of concrete during construction. Portland cement used as a filler material and is ideal to obtain a smooth surface of the building floor. Shotcrete/sprayed cement is very easy to access and has low water permeability. Thus, the rising demand of shotcrete/sprayed cement with various properties like freeze and thaw resistance, reduce plasticizer with wet mix process, and low surface cracking will enhance the market growth of shotcrete/sprayed cement market during the forecast period.

Impact of Covid-19

Building & construction sectors are one of the major industries that have got a hit because of COVID-19. Cement is used as a basic material in the construction industry, but due to lockdown the exportation and importation of materials were held. Thus, the lack of production and unskilled workers hindered the market of shotcrete/sprayed cement industry.

Report Coverage

Key Takeaways

• Europe dominated the market of shotcrete/sprayed cement market due to increasing infrastructural development from economically developed countries such as Germany, Italy, and others. European countries display a successful requirement for plastic shotcrete, hence expecting the development of the market.
• Increasing adoption of cementitious materials like portland cement, sand, and others for various types of construction application such as protective coatings, blast proof structures, retaining walls, tunnel lining, water retaining structures, and others due to low cost, increase the market demand for shotcrete/sprayed cement.
• Wet mix process is used in various construction applications, it helps to reduce plasticizer, which will exhibit growth of the shotcrete/sprayed cement industry during this forecast period.
• The rising demand of new construction in Asian Countries is also likely to aid the market growth. For instance, according to “India Brand Equity Foundation (IBEF)” India plans to spend US$ 1.4 trillion on infrastructure projects through the National Infrastructure Pipeline (NIP) by 2023.

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

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Shotcrete/Sprayed Cement Market Segment Analysis - By Process

Wet mix process held the largest share in the shotcrete/sprayed cement market in 2020. Wet mix process helps to reduce water plasticizers with improving strength of cement. Wet mix process consists mixture of 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 cement is used in new construction, protective coating, water retaining structure, and repairs, which has increased demand of wet process in shotcrete/sprayed cement market.

Shotcrete/Sprayed Cement Market Segment Analysis – By Application

Building & construction held the largest share in the shotcrete/sprayed cement market in 2020 and is grow at a CAGR of 8.2% during the forecast period 2021-2026. Rising demand for new construction, residential application, commercial applications will expect the growth of the shotcrete/sprayed cement market during forecast period. Portland cement is now widely used in new construction to make concrete due to low cost and crack resistance property. Cement is generally used in various structures like a dam, buildings, pavement, for protective coatings, underground construction, and water retaining structure. Therefore, the growth in the construction sector is continuously increasing the demand for portland cement and other cementitious materials. Thus, cement production and consumption will reach 381 MT by 379 MT by FY22 respectively according to the “India Brand Equity Foundation (IBEF)”. In April 2020, the Indian Government set a target of constructing roads worth Rs. 15 lakh crore (US$ 212.80 billion) by 2022. Hence, the Government of India is expected to completed total 200,000 km National Highway by 2022. Thus, the rising consumption of cement in building & construction is anticipated to increase the demand for shotcrete/sprayed cement market.

Shotcrete/Sprayed Cement Market Segment Analysis - By Geography

Europe held the largest share in shotcrete/sprayed cement market in 2020 with 30%. Due to rapid investment in underground construction actives, European countries are further fueling the growth of the global shotcrete cement market. Shotcrete/ sprayed cement is used in underground construction due to the strong deflocculating properties of the super plasticizers. Super plasticizer reduces the ratio of water in the mixture without affecting the workability of the concrete mixture, to produce self-consolidating concrete. Tunnel lining is the most underground construction activity. for instance, in Europe, according to “Trans-European Transport Network (TEN-T)”, it will involve the construction of around 2,100km of tunnels in Europe by 2030. Tunnels provide various environmental and economic advantages like 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 cement industry in the region.

Shotcrete/Sprayed Cement Market Drivers

Increasing Demand of shotcrete Cement for Water Retaining Structures

Shotcrete/sprayed cement is used to restore sea & river walls, reservoirs & dams, swimming pools, water towers, and canal Linings. Sprayed cement is used to reduce re-bound and controlling chemical emission, which helps to reduce the curing period of shotcrete before re-entry. Cement shotcrete increases both tensile and flexural strength, improved bonding, and decreased permeability. Thus, with the increasing demand for shotcrete cement in water retaining constructions the market of shotcrete/spayed cement is set to drive over the forecast period.

Increasing Demand from Asia Pacific Region

Cement is providing stronger structures and low maintenance costs of building and construction. Thus, the rising demand of portland cement for new construction in developed countries like China and India is boosting the demand of shotcrete/sprayed cement market. For instance, 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, real state sector will be contributing 13% to the 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, all such factors are increasing demand of cement in this region, which expected to grow the shotcrete/sprayed cement industry in near future.

Shotcrete/Sprayed Cement Market Challenges

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

Cement is playing an important role in building & construction sector. It is produced by wet mix process and dry-mix process. With dry-mix process many pollutions are released during the production of cement including air pollution, dust pollution, ground vibration, solid waste pollution noise pollution, and resources depletion due to raw material extraction. Dust emission is a significant source of environmental pollution during cement production. Also, dust particles size larger than 10 ?m (micrometer) are creating breathing, thus can damage external organs mostly eye irritations 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 is limiting the market growth.

Shotcrete/Sprayed Cement Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the shotcrete/sprayed cement market. Major players in the Shotcrete/Sprayed Cement Market top companies are:

1. BASF
2. CEMEX
3. GCP Applied Technologies
4. KPM Industries
5. LKAB
6. Mapei
7. Natural Cement Distribution
8. Sika
9. The Euclid Chemical Company
10. The QUIKRETE Companies
11. Votorantim Cimentos, and among others.

Acquisitions/Technology Launches

• 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.
• In March 2019, Sika AG acquired KPM Industries Ltd, an independent Canadian manufacturer of dry shotcrete and mortars for concrete repair. This acquisition enables it to expand its business footprint in Canada.

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Shotcrete Concrete Market - Forecast(2021 - 2026)
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