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Report
Shotcrete Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-11-24 I 140 Pages I IMARC Group
The global shotcrete market size reached US$ 8.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.3 Billion by 2028, exhibiting a growth rate (CAGR) of 7.96% during 2022-2028.
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 2023-2028. 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?
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
Figure 1: Global: Shotcrete Market: Major Drivers and Challenges
Figure 2: Global: Shotcrete Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Shotcrete Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Shotcrete Market: Breakup by Technique (in %), 2022
Figure 5: Global: Shotcrete Market: Breakup by Application (in %), 2022
Figure 6: Global: Shotcrete Market: Breakup by System (in %), 2022
Figure 7: Global: Shotcrete Market: Breakup by Region (in %), 2022
Figure 8: Global: Shotcrete (Wet Mix) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Shotcrete (Wet Mix) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Shotcrete (Dry Mix) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Shotcrete (Dry Mix) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Shotcrete (Underground Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Shotcrete (Underground Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Shotcrete (Water Retaining Structures) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Shotcrete (Water Retaining Structures) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Shotcrete (Protective Coatings) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Shotcrete (Protective Coatings) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Shotcrete (Repair Works) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Shotcrete (Repair Works) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Shotcrete (Manual System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Shotcrete (Manual System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Shotcrete (Robotic Spraying System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Shotcrete (Robotic Spraying System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: North America: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: North America: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: United States: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: United States: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Canada: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Canada: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Asia-Pacific: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Asia-Pacific: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: China: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: China: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Japan: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Japan: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: India: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: India: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: South Korea: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: South Korea: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Australia: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Australia: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Indonesia: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Indonesia: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Others: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Others: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Europe: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Europe: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Germany: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Germany: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: France: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: France: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: United Kingdom: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: United Kingdom: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Italy: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Italy: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Spain: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Spain: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Russia: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Russia: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Others: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Others: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Latin America: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Latin America: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Brazil: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Brazil: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Mexico: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Mexico: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Others: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Others: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Middle East and Africa: Shotcrete Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Middle East and Africa: Shotcrete Market: Breakup by Country (in %), 2022
Figure 72: Middle East and Africa: Shotcrete Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Global: Shotcrete Industry: SWOT Analysis
Figure 74: Global: Shotcrete Industry: Value Chain Analysis
Figure 75: Global: Shotcrete Industry: Porter's Five Forces Analysis
Table 1: Global: Shotcrete Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Shotcrete Market Forecast: Breakup by Technique (in Million US$), 2023-2028
Table 3: Global: Shotcrete Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Shotcrete Market Forecast: Breakup by System (in Million US$), 2023-2028
Table 5: Global: Shotcrete Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Shotcrete Market: Competitive Structure
Table 7: Global: Shotcrete Market: Key Players
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