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Shotcrete Market By Technique, By System, By Application, By Equipment: Global Opportunity Analysis and Industry Forecast, 2020-2030

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    Report

  • 336 Pages
  • March 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640275
The global shotcrete market was valued at $5.6 billion in 2020, and is projected to reach $10.8 billion by 2030, growing at a CAGR of 6.9% from 2021 to 2030.

Shotcrete is a technique used to pneumatically spray concrete through a hose at high velocity onto the surface. Increase in underground construction activities, rise in economic development, urbanization, surge in underground transport, growth in shotcrete technological efficiency, and increase in mining & tunneling activities drive the growth of the market. In addition, increase in the construction of free-form structures, including sculptures, theme park elements, climbing walls, and water-retaining structures, including river & sea-walls, dams, storage reservoirs, swimming pools, canal lines, and water towers, are expected to provide lucrative growth opportunities for the market during the forecast period.

Furthermore, shotcrete concrete producers continuously develop new technologies and advanced shotcrete concrete application equipment, driving the demand for shotcrete concrete during the forecast period. Shotcrete is very flexible construction material that can be conveniently placed and used for a range of concrete repair applications. Concrete repairs are considered most reliable and inexpensive solution, due to the fact that certain repair applications do not need shape function. In addition, rendering the conventional trowel is impractical and expensive compared to concrete spraying, due to the fact that corrosion of concrete observed on wide vertical surfaces. Shotcrete restore lines and walls of canals, rivers, road bridges, tunnels and natural rock walls..

The major restraint observed in the growth of shotcrete concrete market is shortage of skilled labor for various construction activities. All commercial and residential builders face shortage of labor. Many skilled construction workers left the industry during recession. Individuals who enter as labor do not work in the field of construction. The problem has reached such a wide scale that the stunted growth in the industry has caused the builders financial problems. Thus, shortage of labor hinder the growth of the market in the forecast period.

Some of the construction operations were ceased, owing to unavailability of migrant labor during the pandemic, which, in turn, hinders the growth of the shotcrete concrete market.

The global shotcrete market is segmented on the basis of technique, system, application, equipment, and region.

Depending on the technique, it is divided into wet mix and dry mix. According to the system, it is categorized into manual and robotic spraying. As per the application, it is categorized into underground construction, water retaining structures, protective coatings, and repair works. On the basis of equipment, it is segregated into general equipment, inground swimming pool auxiliary equipment, and special equipment. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe is the leading region in terms of demand for shotcrete and is expected to maintain its dominance during the forecast period. High adoption of shotcrete as protective coating and presence of huge infrastructural activities in the region continue to bolster the shotcrete market size, due to the presence of investment in the construction activities and repair works.

The key players profiled in shotcrete market report include BASF SE, Heidelberg Cement, Grupo ACS, Lafargeholcim, Cemex, Sika AG, GCP Applied Technologies, the U.S. Concrete, Mapei, and Normet.

The other key players (not profiled in report) in the value chain include Lkab Berg and Betong Quikrete cement and concrete products, Tutor Perini Corporation, Thiessen Team, and SAN. are competing for the share of the market through product launch, joint venture, partnership, and expanding the production capabilities to meet the future demand for the shotcrete market in the forecast period.

Key Benefits For Stakeholders

  • This report provides a detailed quantitative analysis of the current shotcrete market trends and estimations from 2020 to 2030, which assists to identify the prevailing opportunities.
  • An in-depth analysis of shotcrete market across the globe is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the market is provided.
  • Region-wise and country-wise market conditions are comprehensively analyzed in this report.
  • The projections in this report are made by analyzing the current trends and future market potential from 2021 to 2030 in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global shotcrete market.

COVID-19 Impact Analysis:


The global crisis caused by COVID-19 pandemic negatively impacted the economy affecting the global trade. COVID-19 pandemic affected various industries and shotcrete market has experienced negative impact, owing to financial recession in construction industry that has led to unemployment and postponement or cancellation of construction projects. This impact is being faced by various countries, creating uncertainty and unrest. The diversion of government budgets toward healthcare sector brought construction projects to halt. Social distancing norms and import-export restrictions led to unavailability of raw materials and shortage of labor. Hence, operational restrictions and disrupted supply chains negatively impacted shotcrete market size during the pandemic.

Key Market Segments


By Technique

  • Wet Mix
  • Dry mix

By System

  • Manual
  • Robotic Spraying

By Application

  • Underground construction
  • Inground swimming pool
  • Water retaining structure
  • Protective coating
  • Repair works

By Equipment

  • General Equipment
  • Auxiliary Equipment
  • Special Equipment

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • U.K.
  • Turkey
  • Italy
  • Switzerland
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Qatar
  • Rest of LAMEA

Key Market Players

  • BASF SE
  • Heidelbergcement
  • Grupo ACS
  • Lafargeholcim Ltd.
  • Cemex S.A.B. De C.V.
  • Sika AG
  • GCP Applied Technologies
  • U.S. Concrete Inc
  • Mapei S.P.A.
  • Normet Group
Frequently Asked Questions about the Global Shotcrete Market

What is the estimated value of the Global Shotcrete Market?

The Global Shotcrete Market was estimated to be valued at $5.6 billion in 2020.

What is the growth rate of the Global Shotcrete Market?

The growth rate of the Global Shotcrete Market is 6.8%, with an estimated value of $10.8 billion by 2030.

What is the forecasted size of the Global Shotcrete Market?

The Global Shotcrete Market is estimated to be worth $10.8 billion by 2030.

Who are the key companies in the Global Shotcrete Market?

Key companies in the Global Shotcrete Market include BASF SE, Heidelbergcement, Grupo ACS, Lafargeholcim Ltd., Cemex S.A.B. De C.V., Sika AG, GCP Applied Technologies, U.S. Concrete Inc, Mapei S.P.A. and Normet Group.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Value Chain Analysis
3.8. Pricing Analysis
3.9. Key Regulation Analysis
CHAPTER 4: SHOTCRETE MARKET, BY TECHNIQUE
4.1 Overview
4.1.1 Market size and forecast
4.2 Wet Mix
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Dry mix
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
CHAPTER 5: SHOTCRETE MARKET, BY SYSTEM
5.1 Overview
5.1.1 Market size and forecast
5.2 Manual
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Robotic Spraying
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: SHOTCRETE MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Underground construction
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Inground swimming pool
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Water retaining structure
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Protective coating
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country
6.6 Repair works
6.6.1 Key market trends, growth factors and opportunities
6.6.2 Market size and forecast, by region
6.6.3 Market analysis by country
CHAPTER 7: SHOTCRETE MARKET, BY EQUIPMENT
7.1 Overview
7.1.1 Market size and forecast
7.2 General Equipment
7.2.1 Key market trends, growth factors and opportunities
7.2.2 Market size and forecast, by region
7.2.3 Market analysis by country
7.3 Auxiliary Equipment
7.3.1 Key market trends, growth factors and opportunities
7.3.2 Market size and forecast, by region
7.3.3 Market analysis by country
7.4 Special Equipment
7.4.1 Key market trends, growth factors and opportunities
7.4.2 Market size and forecast, by region
7.4.3 Market analysis by country
CHAPTER 8: SHOTCRETE MARKET, BY REGION
8.1 Overview
8.1.1 Market size and forecast
8.2 North America
8.2.1 Key trends and opportunities
8.2.2 North America Market size and forecast, by Technique
8.2.3 North America Market size and forecast, by System
8.2.4 North America Market size and forecast, by Application
8.2.5 North America Market size and forecast, by Equipment
8.2.6 North America Market size and forecast, by country
8.2.6.1 U.S.
8.2.6.1.1 Market size and forecast, by Technique
8.2.6.1.2 Market size and forecast, by System
8.2.6.1.3 Market size and forecast, by Application
8.2.6.1.4 Market size and forecast, by Equipment
8.2.6.2 Canada
8.2.6.2.1 Market size and forecast, by Technique
8.2.6.2.2 Market size and forecast, by System
8.2.6.2.3 Market size and forecast, by Application
8.2.6.2.4 Market size and forecast, by Equipment
8.2.6.3 Mexico
8.2.6.3.1 Market size and forecast, by Technique
8.2.6.3.2 Market size and forecast, by System
8.2.6.3.3 Market size and forecast, by Application
8.2.6.3.4 Market size and forecast, by Equipment
8.3 Europe
8.3.1 Key trends and opportunities
8.3.2 Europe Market size and forecast, by Technique
8.3.3 Europe Market size and forecast, by System
8.3.4 Europe Market size and forecast, by Application
8.3.5 Europe Market size and forecast, by Equipment
8.3.6 Europe Market size and forecast, by country
8.3.6.1 Germany
8.3.6.1.1 Market size and forecast, by Technique
8.3.6.1.2 Market size and forecast, by System
8.3.6.1.3 Market size and forecast, by Application
8.3.6.1.4 Market size and forecast, by Equipment
8.3.6.2 U.K.
8.3.6.2.1 Market size and forecast, by Technique
8.3.6.2.2 Market size and forecast, by System
8.3.6.2.3 Market size and forecast, by Application
8.3.6.2.4 Market size and forecast, by Equipment
8.3.6.3 Turkey
8.3.6.3.1 Market size and forecast, by Technique
8.3.6.3.2 Market size and forecast, by System
8.3.6.3.3 Market size and forecast, by Application
8.3.6.3.4 Market size and forecast, by Equipment
8.3.6.4 Italy
8.3.6.4.1 Market size and forecast, by Technique
8.3.6.4.2 Market size and forecast, by System
8.3.6.4.3 Market size and forecast, by Application
8.3.6.4.4 Market size and forecast, by Equipment
8.3.6.5 Switzerland
8.3.6.5.1 Market size and forecast, by Technique
8.3.6.5.2 Market size and forecast, by System
8.3.6.5.3 Market size and forecast, by Application
8.3.6.5.4 Market size and forecast, by Equipment
8.3.6.6 Rest of Europe
8.3.6.6.1 Market size and forecast, by Technique
8.3.6.6.2 Market size and forecast, by System
8.3.6.6.3 Market size and forecast, by Application
8.3.6.6.4 Market size and forecast, by Equipment
8.4 Asia-Pacific
8.4.1 Key trends and opportunities
8.4.2 Asia-Pacific Market size and forecast, by Technique
8.4.3 Asia-Pacific Market size and forecast, by System
8.4.4 Asia-Pacific Market size and forecast, by Application
8.4.5 Asia-Pacific Market size and forecast, by Equipment
8.4.6 Asia-Pacific Market size and forecast, by country
8.4.6.1 China
8.4.6.1.1 Market size and forecast, by Technique
8.4.6.1.2 Market size and forecast, by System
8.4.6.1.3 Market size and forecast, by Application
8.4.6.1.4 Market size and forecast, by Equipment
8.4.6.2 Japan
8.4.6.2.1 Market size and forecast, by Technique
8.4.6.2.2 Market size and forecast, by System
8.4.6.2.3 Market size and forecast, by Application
8.4.6.2.4 Market size and forecast, by Equipment
8.4.6.3 India
8.4.6.3.1 Market size and forecast, by Technique
8.4.6.3.2 Market size and forecast, by System
8.4.6.3.3 Market size and forecast, by Application
8.4.6.3.4 Market size and forecast, by Equipment
8.4.6.4 Australia
8.4.6.4.1 Market size and forecast, by Technique
8.4.6.4.2 Market size and forecast, by System
8.4.6.4.3 Market size and forecast, by Application
8.4.6.4.4 Market size and forecast, by Equipment
8.4.6.5 Rest of Asia-Pacific
8.4.6.5.1 Market size and forecast, by Technique
8.4.6.5.2 Market size and forecast, by System
8.4.6.5.3 Market size and forecast, by Application
8.4.6.5.4 Market size and forecast, by Equipment
8.5 LAMEA
8.5.1 Key trends and opportunities
8.5.2 LAMEA Market size and forecast, by Technique
8.5.3 LAMEA Market size and forecast, by System
8.5.4 LAMEA Market size and forecast, by Application
8.5.5 LAMEA Market size and forecast, by Equipment
8.5.6 LAMEA Market size and forecast, by country
8.5.6.1 Brazil
8.5.6.1.1 Market size and forecast, by Technique
8.5.6.1.2 Market size and forecast, by System
8.5.6.1.3 Market size and forecast, by Application
8.5.6.1.4 Market size and forecast, by Equipment
8.5.6.2 Argentina
8.5.6.2.1 Market size and forecast, by Technique
8.5.6.2.2 Market size and forecast, by System
8.5.6.2.3 Market size and forecast, by Application
8.5.6.2.4 Market size and forecast, by Equipment
8.5.6.3 UAE
8.5.6.3.1 Market size and forecast, by Technique
8.5.6.3.2 Market size and forecast, by System
8.5.6.3.3 Market size and forecast, by Application
8.5.6.3.4 Market size and forecast, by Equipment
8.5.6.4 Qatar
8.5.6.4.1 Market size and forecast, by Technique
8.5.6.4.2 Market size and forecast, by System
8.5.6.4.3 Market size and forecast, by Application
8.5.6.4.4 Market size and forecast, by Equipment
8.5.6.5 Rest of LAMEA
8.5.6.5.1 Market size and forecast, by Technique
8.5.6.5.2 Market size and forecast, by System
8.5.6.5.3 Market size and forecast, by Application
8.5.6.5.4 Market size and forecast, by Equipment
CHAPTER 9: COMPANY LANDSCAPE
9.1. Introduction
9.2. Top winning strategies
9.3. Product Mapping of Top 10 Player
9.4. Competitive Dashboard
9.5. Competitive Heatmap
9.6. Key developments
CHAPTER 10: COMPANY PROFILES
10.1 BASF SE
10.1.1 Company overview
10.1.2 Company snapshot
10.1.3 Operating business segments
10.1.4 Product portfolio
10.1.5 Business performance
10.1.6 Key strategic moves and developments
10.2 Heidelbergcement
10.2.1 Company overview
10.2.2 Company snapshot
10.2.3 Operating business segments
10.2.4 Product portfolio
10.2.5 Business performance
10.2.6 Key strategic moves and developments
10.3 Grupo ACS
10.3.1 Company overview
10.3.2 Company snapshot
10.3.3 Operating business segments
10.3.4 Product portfolio
10.3.5 Business performance
10.3.6 Key strategic moves and developments
10.4 Lafargeholcim Ltd.
10.4.1 Company overview
10.4.2 Company snapshot
10.4.3 Operating business segments
10.4.4 Product portfolio
10.4.5 Business performance
10.4.6 Key strategic moves and developments
10.5 Cemex S.A.B. De C.V.
10.5.1 Company overview
10.5.2 Company snapshot
10.5.3 Operating business segments
10.5.4 Product portfolio
10.5.5 Business performance
10.5.6 Key strategic moves and developments
10.6 Sika AG
10.6.1 Company overview
10.6.2 Company snapshot
10.6.3 Operating business segments
10.6.4 Product portfolio
10.6.5 Business performance
10.6.6 Key strategic moves and developments
10.7 GCP Applied Technologies
10.7.1 Company overview
10.7.2 Company snapshot
10.7.3 Operating business segments
10.7.4 Product portfolio
10.7.5 Business performance
10.7.6 Key strategic moves and developments
10.8 U.S. Concrete Inc
10.8.1 Company overview
10.8.2 Company snapshot
10.8.3 Operating business segments
10.8.4 Product portfolio
10.8.5 Business performance
10.8.6 Key strategic moves and developments
10.9 Mapei S.P.A.
10.9.1 Company overview
10.9.2 Company snapshot
10.9.3 Operating business segments
10.9.4 Product portfolio
10.9.5 Business performance
10.9.6 Key strategic moves and developments
10.10 Normet Group
10.10.1 Company overview
10.10.2 Company snapshot
10.10.3 Operating business segments
10.10.4 Product portfolio
10.10.5 Business performance
10.10.6 Key strategic moves and developments
LIST OF TABLES
Table 1. Global Shotcrete Market, by Technique, 2020-2030, ($Million)
Table 2. Shotcrete Market Revenue, for Wet Mix, by Region, 2020-2030, ($Million)
Table 3. Shotcrete Market Wet Mix by Country, 2020-2030, ($Million)
Table 4. Shotcrete Market Revenue, for Dry Mix, by Region, 2020-2030, ($Million)
Table 5. Shotcrete Market Dry Mix by Country, 2020-2030, ($Million)
Table 6. Global Shotcrete Market, by System, 2020-2030, ($Million)
Table 7. Shotcrete Market Revenue, for Manual, by Region, 2020-2030, ($Million)
Table 8. Shotcrete Market Manual by Country, 2020-2030, ($Million)
Table 9. Shotcrete Market Revenue, for Robotic Spraying, by Region, 2020-2030, ($Million)
Table 10. Shotcrete Market Robotic Spraying by Country, 2020-2030, ($Million)
Table 11. Global Shotcrete Market, by Application, 2020-2030, ($Million)
Table 12. Shotcrete Market Revenue, for Underground Construction, by Region, 2020-2030, ($Million)
Table 13. Shotcrete Market Underground Construction by Country, 2020-2030, ($Million)
Table 14. Shotcrete Market Revenue, for Inground Swimming Pool, by Region, 2020-2030, ($Million)
Table 15. Shotcrete Market Inground Swimming Pool by Country, 2020-2030, ($Million)
Table 16. Shotcrete Market Revenue, for Water Retaining Structure, by Region, 2020-2030, ($Million)
Table 17. Shotcrete Market Water Retaining Structure by Country, 2020-2030, ($Million)
Table 18. Shotcrete Market Revenue, for Protective Coating, by Region, 2020-2030, ($Million)
Table 19. Shotcrete Market Protective Coating by Country, 2020-2030, ($Million)
Table 20. Shotcrete Market Revenue, for Repair Works, by Region, 2020-2030, ($Million)
Table 21. Shotcrete Market Repair Works by Country, 2020-2030, ($Million)
Table 22. Global Shotcrete Market, by Equipment, 2020-2030, ($Million)
Table 23. Shotcrete Market Revenue, for General Equipment, by Region, 2020-2030, ($Million)
Table 24. Shotcrete Market General Equipment by Country, 2020-2030, ($Million)
Table 25. Shotcrete Market Revenue, for Auxiliary Equipment, by Region, 2020-2030, ($Million)
Table 26. Shotcrete Market Auxiliary Equipment by Country, 2020-2030, ($Million)
Table 27. Shotcrete Market Revenue, for Special Equipment, by Region, 2020-2030, ($Million)
Table 28. Shotcrete Market Special Equipment by Country, 2020-2030, ($Million)
Table 29. Shotcrete Market, by Region, 2020-2030, ($Million)
Table 30. North America Shotcrete Market, by Technique, 2020-2030, ($Million)
Table 31. North America Shotcrete Market, by System, 2020-2030, ($Million)
Table 32. North America Shotcrete Market, by Application, 2020-2030, ($Million)
Table 33. North America Shotcrete Market, by Equipment, 2020-2030, ($Million)
Table 34. North America Shotcrete Market, by Country, 2020-2030, ($Million)
Table 35. U.S. Shotcrete Market by Technique 2020-2030, ($Million)
Table 36. U.S. Shotcrete Market by System 2020-2030, ($Million)
Table 37. U.S. Shotcrete Market by Application 2020-2030, ($Million)
Table 38. U.S. Shotcrete Market by Equipment 2020-2030, ($Million)
Table 39. Canada Shotcrete Market by Technique 2020-2030, ($Million)
Table 40. Canada Shotcrete Market by System 2020-2030, ($Million)
Table 41. Canada Shotcrete Market by Application 2020-2030, ($Million)
Table 42. Canada Shotcrete Market by Equipment 2020-2030, ($Million)
Table 43. Mexico Shotcrete Market by Technique 2020-2030, ($Million)
Table 44. Mexico Shotcrete Market by System 2020-2030, ($Million)
Table 45. Mexico Shotcrete Market by Application 2020-2030, ($Million)
Table 46. Mexico Shotcrete Market by Equipment 2020-2030, ($Million)
Table 47. Europe Shotcrete Market, by Technique, 2020-2030, ($Million)
Table 48. Europe Shotcrete Market, by System, 2020-2030, ($Million)
Table 49. Europe Shotcrete Market, by Application, 2020-2030, ($Million)
Table 50. Europe Shotcrete Market, by Equipment, 2020-2030, ($Million)
Table 51. Europe Shotcrete Market, by Country, 2020-2030, ($Million)
Table 52. Germany Shotcrete Market by Technique 2020-2030, ($Million)
Table 53. Germany Shotcrete Market by System 2020-2030, ($Million)
Table 54. Germany Shotcrete Market by Application 2020-2030, ($Million)
Table 55. Germany Shotcrete Market by Equipment 2020-2030, ($Million)
Table 56. U.K. Shotcrete Market by Technique 2020-2030, ($Million)
Table 57. U.K. Shotcrete Market by System 2020-2030, ($Million)
Table 58. U.K. Shotcrete Market by Application 2020-2030, ($Million)
Table 59. U.K. Shotcrete Market by Equipment 2020-2030, ($Million)
Table 60. Turkey Shotcrete Market by Technique 2020-2030, ($Million)
Table 61. Turkey Shotcrete Market by System 2020-2030, ($Million)
Table 62. Turkey Shotcrete Market by Application 2020-2030, ($Million)
Table 63. Turkey Shotcrete Market by Equipment 2020-2030, ($Million)
Table 64. Italy Shotcrete Market by Technique 2020-2030, ($Million)
Table 65. Italy Shotcrete Market by System 2020-2030, ($Million)
Table 66. Italy Shotcrete Market by Application 2020-2030, ($Million)
Table 67. Italy Shotcrete Market by Equipment 2020-2030, ($Million)
Table 68. Switzerland Shotcrete Market by Technique 2020-2030, ($Million)
Table 69. Switzerland Shotcrete Market by System 2020-2030, ($Million)
Table 70. Switzerland Shotcrete Market by Application 2020-2030, ($Million)
Table 71. Switzerland Shotcrete Market by Equipment 2020-2030, ($Million)
Table 72. Rest of Europe Shotcrete Market by Technique 2020-2030, ($Million)
Table 73. Rest of Europe Shotcrete Market by System 2020-2030, ($Million)
Table 74. Rest of Europe Shotcrete Market by Application 2020-2030, ($Million)
Table 75. Rest of Europe Shotcrete Market by Equipment 2020-2030, ($Million)
Table 76. Asia-Pacific Shotcrete Market, by Technique, 2020-2030, ($Million)
Table 77. Asia-Pacific Shotcrete Market, by System, 2020-2030, ($Million)
Table 78. Asia-Pacific Shotcrete Market, by Application, 2020-2030, ($Million)
Table 79. Asia-Pacific Shotcrete Market, by Equipment, 2020-2030, ($Million)
Table 80. Asia-Pacific Shotcrete Market, by Country, 2020-2030, ($Million)
Table 81. China Shotcrete Market by Technique 2020-2030, ($Million)
Table 82. China Shotcrete Market by System 2020-2030, ($Million)
Table 83. China Shotcrete Market by Application 2020-2030, ($Million)
Table 84. China Shotcrete Market by Equipment 2020-2030, ($Million)
Table 85. Japan Shotcrete Market by Technique 2020-2030, ($Million)
Table 86. Japan Shotcrete Market by System 2020-2030, ($Million)
Table 87. Japan Shotcrete Market by Application 2020-2030, ($Million)
Table 88. Japan Shotcrete Market by Equipment 2020-2030, ($Million)
Table 89. India Shotcrete Market by Technique 2020-2030, ($Million)
Table 90. India Shotcrete Market by System 2020-2030, ($Million)
Table 91. India Shotcrete Market by Application 2020-2030, ($Million)
Table 92. India Shotcrete Market by Equipment 2020-2030, ($Million)
Table 93. Australia Shotcrete Market by Technique 2020-2030, ($Million)
Table 94. Australia Shotcrete Market by System 2020-2030, ($Million)
Table 95. Australia Shotcrete Market by Application 2020-2030, ($Million)
Table 96. Australia Shotcrete Market by Equipment 2020-2030, ($Million)
Table 97. Rest of Asia-Pacific Shotcrete Market by Technique 2020-2030, ($Million)
Table 98. Rest of Asia-Pacific Shotcrete Market by System 2020-2030, ($Million)
Table 99. Rest of Asia-Pacific Shotcrete Market by Application 2020-2030, ($Million)
Table 100. Rest of Asia-Pacific Shotcrete Market by Equipment 2020-2030, ($Million)
Table 101. LAMEA Shotcrete Market, by Technique, 2020-2030, ($Million)
Table 102. LAMEA Shotcrete Market, by System, 2020-2030, ($Million)
Table 103. LAMEA Shotcrete Market, by Application, 2020-2030, ($Million)
Table 104. LAMEA Shotcrete Market, by Equipment, 2020-2030, ($Million)
Table 105. LAMEA Shotcrete Market, by Country, 2020-2030, ($Million)
Table 106. Brazil Shotcrete Market by Technique 2020-2030, ($Million)
Table 107. Brazil Shotcrete Market by System 2020-2030, ($Million)
Table 108. Brazil Shotcrete Market by Application 2020-2030, ($Million)
Table 109. Brazil Shotcrete Market by Equipment 2020-2030, ($Million)
Table 110. Argentina Shotcrete Market by Technique 2020-2030, ($Million)
Table 111. Argentina Shotcrete Market by System 2020-2030, ($Million)
Table 112. Argentina Shotcrete Market by Application 2020-2030, ($Million)
Table 113. Argentina Shotcrete Market by Equipment 2020-2030, ($Million)
Table 114. UAE Shotcrete Market by Technique 2020-2030, ($Million)
Table 115. UAE Shotcrete Market by System 2020-2030, ($Million)
Table 116. UAE Shotcrete Market by Application 2020-2030, ($Million)
Table 117. UAE Shotcrete Market by Equipment 2020-2030, ($Million)
Table 118. Qatar Shotcrete Market by Technique 2020-2030, ($Million)
Table 119. Qatar Shotcrete Market by System 2020-2030, ($Million)
Table 120. Qatar Shotcrete Market by Application 2020-2030, ($Million)
Table 121. Qatar Shotcrete Market by Equipment 2020-2030, ($Million)
Table 122. Rest of LAMEA Shotcrete Market by Technique 2020-2030, ($Million)
Table 123. Rest of LAMEA Shotcrete Market by System 2020-2030, ($Million)
Table 124. Rest of LAMEA Shotcrete Market by Application 2020-2030, ($Million)
Table 125. Rest of LAMEA Shotcrete Market by Equipment 2020-2030, ($Million)
Table 126. Basf Se: Company Snapshot
Table 127. Basf Se: Operating Segments
Table 128. Basf Se: Product Portfolio
Table 129. Basf Se: Net Sales
Table 130. Basf Se: Key Stratergies
Table 131. Heidelbergcement: Company Snapshot
Table 132. Heidelbergcement: Operating Segments
Table 133. Heidelbergcement: Product Portfolio
Table 134. Heidelbergcement: Net Sales
Table 135. Heidelbergcement: Key Stratergies
Table 136. Grupo Acs: Company Snapshot
Table 137. Grupo Acs: Operating Segments
Table 138. Grupo Acs: Product Portfolio
Table 139. Grupo Acs: Net Sales
Table 140. Grupo Acs: Key Stratergies
Table 141. Lafargeholcim Ltd.: Company Snapshot
Table 142. Lafargeholcim Ltd.: Operating Segments
Table 143. Lafargeholcim Ltd.: Product Portfolio
Table 144. Lafargeholcim Ltd.: Net Sales
Table 145. Lafargeholcim Ltd.: Key Stratergies
Table 146. Cemex S.A.B. De C.V.: Company Snapshot
Table 147. Cemex S.A.B. De C.V.: Operating Segments
Table 148. Cemex S.A.B. De C.V.: Product Portfolio
Table 149. Cemex S.A.B. De C.V.: Net Sales
Table 150. Cemex S.A.B. De C.V.: Key Stratergies
Table 151. Sika Ag: Company Snapshot
Table 152. Sika Ag: Operating Segments
Table 153. Sika Ag: Product Portfolio
Table 154. Sika Ag: Net Sales
Table 155. Sika Ag: Key Stratergies
Table 156. Gcp Applied Technologies: Company Snapshot
Table 157. Gcp Applied Technologies: Operating Segments
Table 158. Gcp Applied Technologies: Product Portfolio
Table 159. Gcp Applied Technologies: Net Sales
Table 160. Gcp Applied Technologies: Key Stratergies
Table 161. U.S. Concrete Inc: Company Snapshot
Table 162. U.S. Concrete Inc: Operating Segments
Table 163. U.S. Concrete Inc: Product Portfolio
Table 164. U.S. Concrete Inc: Net Sales
Table 165. U.S. Concrete Inc: Key Stratergies
Table 166. Mapei S.P.A.: Company Snapshot
Table 167. Mapei S.P.A.: Operating Segments
Table 168. Mapei S.P.A.: Product Portfolio
Table 169. Mapei S.P.A.: Net Sales
Table 170. Mapei S.P.A.: Key Stratergies
Table 171. Normet Group: Company Snapshot
Table 172. Normet Group: Operating Segments
Table 173. Normet Group: Product Portfolio
Table 174. Normet Group: Net Sales
Table 175. Normet Group: Key Stratergies
LIST OF FIGURES
Figure 1. Shotcrete Market Segmentation
Figure 2. Shotcrete Market, 2020-2030
Figure 3. Shotcrete Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Shotcrete Market:Drivers, Restraints and Opportunities
Figure 12. Value Chain Analysis
Figure 13. Shotcrete Market, by Technique, 2020 (%)
Figure 14. Comparative Share Analysis of Wet Mix Shotcrete Market, 2020-2030 (%)
Figure 15. Comparative Share Analysis of Dry Mix Shotcrete Market, 2020-2030 (%)
Figure 16. Shotcrete Market, by System, 2020 (%)
Figure 17. Comparative Share Analysis of Manual Shotcrete Market, 2020-2030 (%)
Figure 18. Comparative Share Analysis of Robotic Spraying Shotcrete Market, 2020-2030 (%)
Figure 19. Shotcrete Market, by Application, 2020 (%)
Figure 20. Comparative Share Analysis of Underground Construction Shotcrete Market, 2020-2030 (%)
Figure 21. Comparative Share Analysis of Inground Swimming Pool Shotcrete Market, 2020-2030 (%)
Figure 22. Comparative Share Analysis of Water Retaining Structure Shotcrete Market, 2020-2030 (%)
Figure 23. Comparative Share Analysis of Protective Coating Shotcrete Market, 2020-2030 (%)
Figure 24. Comparative Share Analysis of Repair Works Shotcrete Market, 2020-2030 (%)
Figure 25. Shotcrete Market, by Equipment, 2020 (%)
Figure 26. Comparative Share Analysis of General Equipment Shotcrete Market, 2020-2030 (%)
Figure 27. Comparative Share Analysis of Auxiliary Equipment Shotcrete Market, 2020-2030 (%)
Figure 28. Comparative Share Analysis of Special Equipment Shotcrete Market, 2020-2030 (%)
Figure 29. Shotcrete Market by Region, 2020
Figure 30. U.S. Shotcrete Market, 2020-2030 ($Million)
Figure 31. Canada Shotcrete Market, 2020-2030 ($Million)
Figure 32. Mexico Shotcrete Market, 2020-2030 ($Million)
Figure 33. Germany Shotcrete Market, 2020-2030 ($Million)
Figure 34. U.K. Shotcrete Market, 2020-2030 ($Million)
Figure 35. Turkey Shotcrete Market, 2020-2030 ($Million)
Figure 36. Italy Shotcrete Market, 2020-2030 ($Million)
Figure 37. Switzerland Shotcrete Market, 2020-2030 ($Million)
Figure 38. Rest of Europe Shotcrete Market, 2020-2030 ($Million)
Figure 39. China Shotcrete Market, 2020-2030 ($Million)
Figure 40. Japan Shotcrete Market, 2020-2030 ($Million)
Figure 41. India Shotcrete Market, 2020-2030 ($Million)
Figure 42. Australia Shotcrete Market, 2020-2030 ($Million)
Figure 43. Rest of Asia-Pacific Shotcrete Market, 2020-2030 ($Million)
Figure 44. Brazil Shotcrete Market, 2020-2030 ($Million)
Figure 45. Argentina Shotcrete Market, 2020-2030 ($Million)
Figure 46. Uae Shotcrete Market, 2020-2030 ($Million)
Figure 47. Qatar Shotcrete Market, 2020-2030 ($Million)
Figure 48. Rest of LAMEA Shotcrete Market, 2020-2030 ($Million)
Figure 49. Top Winning Strategies, by Year
Figure 50. Top Winning Strategies, by Development
Figure 51. Top Winning Strategies, by Company
Figure 52. Product Mapping of Top 10 Players
Figure 53. Competitive Dashboard
Figure 54. Competitive Heatmap of Top 10 Key Players
Figure 55. BASF SE.: Net Sales, ($Million)
Figure 56. Heidelbergcement.: Net Sales, ($Million)
Figure 57. Grupo Acs.: Net Sales, ($Million)
Figure 58. Lafargeholcim Ltd. Net Sales, ($Million)
Figure 59. Cemex SAB. De C.V. Net Sales, ($Million)
Figure 60. Sika AG.: Net Sales, ($Million)
Figure 61. Gcp Applied Technologies.: Net Sales, ($Million)
Figure 62. U.S. Concrete Inc.: Net Sales, ($Million)
Figure 63. Mapei S.P.A. Net Sales, ($Million)
Figure 64. Normet Group.: Net Sales, ($Million)

Executive Summary

According to this report titled, 'Shotcrete Market,' the shotcrete market was valued at $5.6 billion in 2020, and is estimated to reach $10.9 billion by 2030, growing at a CAGR of 6.91% from 2021 to 2030.

global shotcrete market is significantly expanding, owing to rapid surge in construction activities, including development of smart cities, metropolis, industrialization, bridges, and underground structures. Shotcrete, also known as sprayed concrete, is an efficient technique of spraying concrete onto free form surfaces and complex structures, including tunnels. Various benefits offered by shotcrete process incudes durability, high tensile strength, low permeability, thermal efficiency, and fire retardation. It is commonly used in repair works for repair of fire and earthquake damage and deteriorated surfaces, encasing structural steel for fireproofing, and strengthening walls. High efficiency offered by shotcrete process, due to the fact that it is economical. It requires less formwork compared to conventional concrete method. This factor drives the shotcrete demand. In shotcrete process the cement content is high which makes it more durable. Shotcrete process resists freezing and thawing. Shotcrete offers sustainability, owing to higher percentage of recycled material and presence of high thermal mass, which helps in development of energy-efficient structures. In addition, shotcrete eliminates the need for engineered concrete footings for one-sided wall bracing, due to which no formwork is required. In addition, this process facilitates architectural creativity, which is otherwise price prohibitive or infeasible.

Shotcrete process requires skilled labor or nozzle man for the concrete spraying process to obtain the maximum efficiency as the water to cement ratio must be maintained accurately. The presence of excess water can compromise the quality of concrete that leads to reduced strength and durability which is expected to hamper shotcrete market growth.

It is widely used method for construction of free form surfaces that are difficult to construct using conventional cast-in-place concrete technique. The construction of thin overhead vertical or horizontal surface such as canal, reservoir, tunnel lining, or folded sections drive the growth of shotcrete market. In addition, it is used on stabilization of rock slopes, construction of pre-stressed tanks, water retaining structures, and swimming pools. It plays a vital role in offering protection against long-term corrosion of piling, steel building frames, oil tanks, coal bunker, as well as for encasing structural steel for fireproofing. In addition, it is used in high temperature applications, including refractory lining of chimneys, furnaces, and kilns. The presence of above mentioned applications are expected to provide lucrative growth opportunities for the market in the forecast period.

The global shotcrete market is segmented on the basis of technique, system, application, equipment, and region.

Depending on the technique, the market is segmented into wet mix and dry mix. According to system, it is categorized into manual and robotic spraying. As per the application, it is segregated into underground construction, inground swimming pool, water retaining structures, protective coatings, and repair works. On the basis of equipment, it is classified into general equipment, auxiliary equipment, and special equipment. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Europe is the leading region in terms of demand for shotcrete and is expected to maintain its dominance during the forecast period. High adoption of shotcrete as a protective coating and presence of huge infrastructural activities in region continue to bolster the shotcrete market size, due to presence of investment in e construction activities and repair works.

The key players profiled in the shotcrete market report include BASF SE, Heidelberg Cement, Grupo ACS, Lafargeholcim, Cemex, Sika AG, GCP Applied Technologies, U.S. Concrete, Mapei, and Normet.

The other key players (not profiled in report) in the value chain include, Lkab Berg and Betong Quikrete cement and concrete products, Tutor Perini Corporation, Thiessen Team, and SAN. are competing for the share of the market through product launch, joint venture, partnership, and expanding the production capabilities to meet the future demand for the shotcrete market in the forecast period.

Key findings of the Study

  • Region wise, Europe accounted for the largest market share in 2020.
  • By technique, wet mix segment held the largest market share in 2020.
  • As per the system, robotic spraying segment held the largest market share in 2020.
  • According to application, underground construction segment held the largest market share in 2020.
  • Depending on equipment, general equipment segment held the largest market share in 2020.

IMPACT OF COVID-19 ON THE GLOBAL SHOTCRETE MARKET

  • Emergence of COVID-19 minimally impacted the growth of the global shotcrete market during this period.
  • This impact is mostly attributed to the significant disruptions in raw material transportation and unavailability of labor, which, in turn, ceased many manufacturing industries, declining demand for shotcrete during this period.
  • The decrease in demand for many non-essential products and ceased construction created a negative impact on the growth of global shotcrete market.

Companies Mentioned

  • BASF SE
  • Heidelbergcement
  • Grupo ACS
  • Lafargeholcim Ltd.
  • Cemex S.A.B. De C.V.
  • Sika AG
  • GCP Applied Technologies
  • U.S. Concrete Inc
  • Mapei S.P.A.
  • Normet Group

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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