Shotcrete Market Report by Technique (Wet Mix, Dry Mix), Application (Underground Construction, Water Retaining Structures, Protective Coatings, Repair Works), System (Manual System, Robotic Spraying System), and Region 2024-2032

Shotcrete Market Report by Technique (Wet Mix, Dry Mix), Application (Underground Construction, Water Retaining Structures, Protective Coatings, Repair Works), System (Manual System, Robotic Spraying System), and Region 2024-2032


The global shotcrete market size reached US$ 9.1 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 16.9 Billion by 2032, exhibiting a growth rate (CAGR) of 6.9% during 2024-2032.

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 2024-2032. 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

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