Dry Mix Sprayed Concrete Market Size, Share & Trends Analysis Report By End-use (Residential, Commercial, Infrastructural), By Region, And Segment Forecasts, 2024 - 2030

Dry Mix Sprayed Concrete Market Size, Share & Trends Analysis Report By End-use (Residential, Commercial, Infrastructural), By Region, And Segment Forecasts, 2024 - 2030

Dry Mix Sprayed Concrete Market Growth & Trends

The global dry mix sprayed concrete market size is anticipated to reach USD 5.43 billion by 2030, registering a CAGR of 7.8% from 2024 to 2030, according to a new report by Grand View Research, Inc. The growth is attributed to the ongoing trend of infrastructure development, including new construction and repair in emerging economies, such as China, India, and Brazil, which are likely to create new opportunities for the use of dry mix sprayed concrete. In addition, advancements in technologies, such as the development of admixtures and the application method of dry mix sprayed concrete to improve the performance of materials are making it more preferable for construction contractors. These factors are anticipated to fuel product demand over the forecast period. The product offers several environmental benefits compared to traditional concrete placement methods.

One key advantage is reduced material usage since sprayed concrete typically requires less cement and aggregates due to its application efficiency, resulting in lower resource extraction and energy consumption during production. In addition, using locally sourced materials and recycled aggregates in the mix minimizes environmental impact by reducing transportation-related emissions and conserving natural resources. However, the high initial investment required for equipment and specialized machinery needed for application can deter potential users, especially smaller construction firms or projects with limited budgets, affecting market growth. In addition, the complexity of application techniques may pose challenges, as improper application can lead to reduced structural integrity or aesthetic issues, potentially impacting market confidence.

Moreover, the lack of availability of skilled labor trained in the proper product handling and application may limit its demand in regions with shortages of qualified personnel. Stringent regulatory requirements regarding safety, environmental impact, and quality standards may increase compliance costs & administrative burdens for manufacturers and users, potentially slowing market growth. Prominent players in the industry are focusing on innovation, such as developing advanced formulations for better performance and durability, optimizing application techniques for efficiency and cost-effectiveness, and enhancing environmental sustainability. They are also investing in R&D, forming strategic partnerships to expand their reach, improving distribution channels, and providing comprehensive customer support & training to ensure the successful application of their products.

Dry Mix Sprayed Concrete Market Report Highlights

• The infrastructural segment dominated the end-use segment with more than 45.1% share in 2023 owing to extensive product usage in tunnel linings and slope stabilization projects. Furthermore, the projects involved in infrastructure development often require large amounts of sprayed concrete to improve structural performance, which is anticipated to boost its market demand
• The commercial end-use segment is expected to grow at the fastest CAGR over the forecast period
• The durability and long service life of sprayed concrete structures contribute to sustainability by reducing the need for frequent repairs and replacements, thus conserving materials and energy over the lifecycle of the infrastructure
• Asia Pacific dominated the market owing to factors, such as rapid economic development and surge in infrastructure development in countries, such as China, India, Japan, and South Korea, which include extensive subway systems, high-speed rail networks, bridges, and underground transportation
• In December 2023, Sika AG announced the procession line for concrete admixture Sigunit in Luxembourg. The new procession line will be used for transporting shotcrete accelerators more efficiently for major infrastructure projects, such as the Second Gotthard Road Tunnel, in Switzerland and other significant tunnel projects in neighboring countries including Germany and Austria

Please note The report will be delivered in 4-8 business days upon order notification.