Shotcrete Market, By Process (Wet- Mix and Dry- Mix), By System (Robotic and Manual), By Application (Underground Construction, Water Retaining Structures, Repair Works, and Protective Coatings), By Geography (North America, Latin America, Europe, Asia Pa

Shotcrete Market, By Process (Wet- Mix and Dry- Mix), By System (Robotic and Manual), By Application (Underground Construction, Water Retaining Structures, Repair Works, and Protective Coatings), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)


The Shotcrete Market size is valued at US$ 7.32 Bn in 2024 and is expected to reach US$ 11.68 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031.

Figure 1. Shotcrete Market Share (%), By Region, 2024

Shotcrete, also known as sprayed concrete, is a concrete application technique wherein the material is projected at high velocity via spraying equipment onto a surface such as walls, floors, or ceilings to build or repair structures. It is a versatile method used in construction for tunneling, underground applications, mining works, repair works, and others. Some key advantages of shotcrete include its ability to be applied in all weather conditions, onto any surface profile, provides high strength, and can be applied faster than conventional concrete placement methods. Shotcrete, commonly known as gunite or sprayed concrete, is a widely used construction technology in which mortar or concrete is driven through a hose and pneumatically projected at high velocity through a nozzle on a vertical surface. Concrete is generally reinforced by conventional steel mesh, steel rods, or fibers. Cement gun is mostly used in the dry mix process, while true gun method is used in the wet mix process in an application of sprayed concrete. Shotcrete has properties, including good water-concrete ratio, excellent strength, high density & permeability, freeze & thaw resistance, high adhesion & bond strength, and thickness.

Market Dynamics:

The global Shotcrete market is driven by factors such as the growing construction industry and increasing usage of Shotcrete in mining and tunneling activities. Shotcrete requires less labor and curing time compared to conventional cast-in-place concrete. It can be easily applied on difficult terrains. These advantages are boosting the demand from the construction industry. However, high initial investments for machinery and raw materials is a major restraint. Growing infrastructure development projects in emerging nations presents immense opportunity for market players. Investments in rail, road, and mining projects bode well for the Shotcrete demand. Technological advancements lowering the dosage of cement and increasing the Shotcrete strength will further provide impetus to the market growth over the forecast period.

Key Features of the Study:
  • This report provides an in-depth analysis of the Shotcrete market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
  • It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the Shotcrete market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
  • Key companies covered as a part of this study include - BASF SE, Heidelberg Cement, Grupo ACS, Lafargeholcim, Cemex, Sika AG, GCP Applied Technologies, U.S. Concrete, Mapei, and Normet.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up gradation, market expansion, and marketing tactics.
  • The Shotcrete market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the Shotcrete market.
Detailed Segmentation:
  • Shotcrete Market, By Process
  • Wet-Mix
  • Dry-Mix
  • Shotcrete Market, By System
  • Robotic
  • Manual
  • Shotcrete Market, By Application
  • Underground Construction
  • Water Retaining Structures
  • Repair Works
  • Protective Coatings
  • Shotcrete Market, By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
  • Top Companies in the Shotcrete Market
  • BASF SE
  • Heidelberg Cement
  • Grupo ACS
  • Lafargeholcim
  • Cemex
  • Sika AG
  • GCP Applied Technologies
  • S. Concrete
  • Mapei
  • Normet


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Process
Market Snippet, By System
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Increasing construction activities
Rising commercial and public infrastructure projects
Technological advancements in Shotcrete machines and equipment
Restraints
High capital requirement for machinery and equipment
Lack of skilled workforce
Opportunities
Applications in repair and rehabilitation projects
Investments in R&D activities
Growth in emerging markets
Key Highlights
Regulatory Scenario
Recent Trends
Product Launches/Approvals
PEST Analysis
PORTER’s Analysis
Mergers, Acquisitions, and Collaborations
4. Global Shotcrete Market- Impact of Coronavirus (COVID-19) Pandemic
COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact
5. Global Shotcrete Market, By Process, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024-2031(%)
Y-o-Y Growth Analysis, 2020-2031
Segment Trends
Wet-Mix
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Dry-Mix
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
6. Global Shotcrete Market, By System, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024-2031(%)
Y-o-Y Growth Analysis, 2020-2031
Segment Trends
Robotic
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Manual
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
7. Global Shotcrete Market, By Application, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, 2024-2031(%)
Y-o-Y Growth Analysis, 2020-2031
Segment Trends
Underground Construction
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Water Retaining Structures
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Repair Works
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Protective Coatings
Introduction
Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
8. Global Shotcrete Market, By Region, 2019-2031, (US$ Bn)
Introduction
Market Share Analysis, By Region, 2024-2031(%)
Y-o-Y Growth Analysis, For Region, 2020-2031
Country Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Process, 2019-2031,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By System, 2019-2031,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
U.S.
Canada
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Process, 2019-2031,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By System, 2019-2031,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Process, 2019-2031,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By System, 2019-2031,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Process, 2019-2031,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By System, 2019-2031,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Process, 2019-2031,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By System, 2019-2031,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
GCC Countries
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Process, 2019-2031,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By System, 2019-2031,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019-2031,(US$ Bn)
South Africa
Central Africa
North Africa
9. Competitive Landscape
Company Profile
BASF SE
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Heidelberg Cement
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Grupo ACS
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Lafargeholcim
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Cemex
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Sika AG
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
GCP Applied Technologies
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
S. Concrete
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
Mapei
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Normet
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Strategies
Analyst Views
10. Section
References
Research Methodology
About us
*Browse 24 market data tables and 28 figures on “Global Shotcrete Market” - Global forecast to 2031

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