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

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 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.

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