Shotcrete Market: Global Industry Analysis and Forecast (2022-2029) by Process, System, Equipment, Application, and Region

The Shotcrete Market size was valued at USD 6.53 Billion in 2022 and the total Shotcrete revenue is expected to grow at a CAGR of 6.86% from 2023 to 2029, reaching nearly USD 10.41 Billion.
Shotcrete Market Overview:
Shotcrete is a pneumatically applied mortar or concrete that is transported by a hose. When the sprayed material is put to the surface, it plugs gaps and fractures and prevents loose material from the slope from dropping. When utilized with anchoring support systems, shotcrete acts as a protective layer on the slope surface and offers resistance to failure. This contributes to strong strength and low permeability. To lower the rebound rate during Shotcrete application on the surface, the Shotcrete procedure is carried out from the bottom of the slope upwards. The slope stabilization method for Shotcrete can be created and deployed with or without steel mesh. Shotcrete design is determined by the project's purpose, design life, and rock/soil strata.

An increase in knowledge of Shotcrete's technological efficiency is expected to drive the shotcrete market growth. In addition, development in Shotcrete technology & raw materials; sustainability of Shotcrete materials; increase in demand for Shotcrete from the construction & infrastructure industry; and a surge in usage of sprayed concrete in the manufacturing of domes, barrel vaulting, and bank vaults is expected to be the major growth drivers drive the growth of Shotcrete market during the forecast period. Shotcrete repairs are simple and cost-effectively provided the right materials, technology, and methods are utilized. The development of dams, subways, roads, bridges, tunnels, and other infrastructure has resulted from an increase in consumer demands and a shift in people's lifestyles, driving the Shotcrete market growth.

The shortage of competent and trained experts, as well as the difficulties connected with the transportation of concrete mix, is expected to restrict the market growth during the forecast period. In addition, the shotcrete market is expected to benefit from a rise in the development of free-form structures such as sculptures, theme park features, climbing walls, and water-retaining structures such as river and sea barriers, dams, storage reservoirs, swimming pools, canal lines, and water towers.To know about the Research Methodology :- Request Free Sample Report
Shotcrete Market Dynamics:
Increasing adoption of Shotcrete concrete in repairing works

Shotcrete is a highly adaptable construction material that may be successfully used for a variety of concrete repair applications. The necessity for form function can be eliminated in some repair applications. Concrete repairs are regarded as the most dependable and cost-effective method since corrosion of concrete occurred on large vertical surfaces, rendering the traditional trowel impracticable and expensive. It was utilized to repair canals, rivers, road bridges and tunnels, dam faces, tunnel faces, and natural rock walls. So far, such Shotcrete repairs are simple and inexpensive if the correct materials, tools, and techniques are used. as a result, with the growing utilization of Shotcrete concrete in repair works the shotcrete market is expected to drive throughout the forecast period.

High Efficiency Offered by the Shotcrete Process

The high efficiency offered by the Shotcrete process as it is cost-effective because it requires less formwork compared to the conventional concrete procedure is expected to drive the overall Shotcrete demand and increase the shotcrete market size during the forecast period. The cement content in the Shotcrete method is high, making it more durable. The Shotcrete method is resistant to freezing and thawing. This is because wet mix Shotcrete with an air content of 8 to 12% creates an air-zero system in place. Shotcrete is environmentally friendly since it comprises a larger percentage of recycled material and has a high thermal mass, which aids in the building of energy-efficient structures. In addition, Shotcrete reduces the need for engineered concrete footings for one-sided wall bracing due to which no formwork is required. Additionally, this technique encourages architectural originality that would otherwise be prohibitively expensive or impossible.

Shortage of skilled labors

The major constraint to the Shotcrete market growth is expected to be a scarcity of trained personnel for different construction operations. All business and residential builders are experiencing labor shortages. Many competent construction employees quit the business during the crisis because finding work was difficult. And those who are new to the workforce do not contemplate a career in construction. The issue has grown to such an extent that the industry's restricted growth has produced financial difficulties for builders.

According to the Wall Street Journal, "a rising labor scarcity in the commercial real estate sector is driving up the costs of some projects." According to the National Association of Home Builders' annual poll, 75% of builders have had to pay higher wages and bids, 64% have delayed projects, and 68% have boosted home prices. As a result, a labor shortage is expected to restrain market growth throughout the forecast period. To achieve optimal efficiency, shotcrete requires a professional operator or nozzleman for the concrete spraying process, as the water-to-cement ratio must be precisely controlled. Excess water can degrade concrete quality, resulting in decreased strength and durability, which is expected to restrict the shotcrete market growth.

Shotcrete Application for the Development of Free-Form Structures

Shotcrete is a widely used technology for constructing free-form surfaces that are challenging to build with the traditional cast-in-place concrete technique. The construction of thin overhead vertical or horizontal surfaces such as canals, reservoirs, tunnel lining, or folded sections is expected to drive the overall Shotcrete market demand during the forecast period. It is also utilized for rock slope stabilization, the building of prestressed tanks, water retention structures, and swimming pools. Shotcrete is important for protecting piling, steel building frames, oil tanks, and coal bunkers against long-term corrosion, as well as encasing structural steel for fireproofing. It's also utilized in high-temperature applications including lining chimneys, furnaces, and kilns. as a result, shotcrete application in the development of free-form structures is expected to create lucrative opportunities for the shotcrete market during the forecast period.
Shotcrete Market Segment Analysis:
Based on the Process, the Wet Mix segment held the largest market share of 68% in 2022. The segment is further expected to maintain its dominance at the end of the forecast period. Wet Mix Shotcrete Process is widely used in the shotcrete market. The wet mix is made by combining cement, mortar, and sprayed concrete additives with water. The wet mix is then injected into a nozzle, which contains air and Shotcrete accelerators. The water/cement ratio is automatically managed while utilizing robotic wet-mix spraying. The strength of the Shotcrete support is strongly connected to the relationship between water and cement. Wet-mix concrete produces less dust, which decreases health hazards in the long term. This procedure also needs fewer people and saves time, which is why it is chosen over the dry mix Shotcrete process. Shotcrete wet mix concrete is used to give a decorative finish with a high production capacity and durability. As a result of these qualities, the demand for Shotcrete is expected to grow throughout the forecast period.

Based on System, the robotic spraying segment dominated the global Shotcrete market with the highest revenue share in 2022. The demand for robotic Shotcrete technology is rapidly increasing across the world because it includes the use of mechanized equipment with a robotic arm, and provides several benefits, including a high-quality mixture with homogeneous support. This is due to the fact that in a robotic or mechanical wet mix, spraying the water-to-cement ratio is automatically regulated by a high-strength robotic arm. It saves energy since one robotic arm with sprayed concrete does the same as three machines. Additionally, it takes less personnel because the robotic technology, as compared to manual concrete spraying, may be operated by two workers.

Based on Equipment, the general equipment segment dominated the global Shotcrete market share in 2020. The segment is expected to grow at a CAGR of 6.58% during the forecast period. The general equipment used in the wet mix is pneumatic feed and positive displacement equipment. Slugs of compressed air transport premixed mortar or concrete from the cannon via the delivery hose to the nozzle in pneumatic-feed equipment. This equipment is capable of handling mixes with a consistency adequate for ordinary Shotcrete construction, comprising up to 3/4-inch aggregate. Guns with a dual mixing chamber and a two-way valve enable material mixing as well as continuous flow operation. Without the use of compressed air, the concrete is pumped or otherwise driven through the delivery hose in positive displacement equipment. Positive displacement delivery equipment necessitates a wetter mixture than pneumatic feed equipment, therefore the applied Shotcrete velocity is lower. Unless a proper accelerator is utilized, it is impossible to apply Shotcrete to vertical and above surfaces using this approach. This device can also shoot material with a 3/4-inch aggregate successfully. As a result, the demand for general equipment is expected to increase and drive segment growth during the forecast period.

Based on Application, the Underground construction segment dominated the global Shotcrete market with the highest market share of 48% in 2022. The segment is further expected to maintain its dominance at the end of the forecast period. Underground construction includes the construction of tunnels, mines, subways, sewage drains, and many other structures. Tunnels, mines, and concrete lining are the three most important businesses in subterranean construction. The tunneling and mining sectors, rock stabilization, arch linings, and huge cavity filling are the primary applications for Shotcrete. The most common application of Shotcrete is tunneling. Tunnels give several naturals, social, and economic benefits, such as environmental preservation, topographical advantages in steep or mountainous locations, and noise pollution reduction while making travel easy and quick. As a result, public transportation is both environmentally friendly and cost-effective. Sika AG supplied additives, tunnel stabilization, Shotcrete spraying equipment, and concrete admixtures for the building of the 57 km Gotthard Base Tunnel in Switzerland, the world's longest railway tunnel. The upcoming 123-kilometer Chinese underwater tunnel project for a railway connection would provide firms with a fair chance to reach the Asia-Pacific sector.
Shotcrete Market Regional Insights:
European region dominated the global Shotcrete market with the highest revenue share in 2022 and is expected to maintain its dominance at the end of the forecast period. The global market growth for underground drilling, shipping, hard rock extraction, concrete repair, and technical advances in the Shotcrete concrete market in the European region is expected to continue during the forecast period. Due to the broad demand for retaining structures, repair works, and protective coatings in Europe, shotcrete concrete is expected to dominate the market throughout the forecast period. In Europe, Attiko Metro Company will build four new lines costing more than $3.61 billion, as well as the current 'Elizabeth Line' project, which will connect more than 40 stations via 26 miles of underground and is worth more than $23 billion. Additionally, the development of the metro project in this region, which connects east north and west south, fuels the demand for Shotcrete concrete in this region.The North American Shotcrete market is expected to grow at a CAGR of 6.21% during the forecast period. Growing urbanization and rising industrial sectors and construction activities are expected to drive the North American Shotcrete Equipment market during the forecast period. Rising demand for bridge repair and restoration, damaged concrete surface, fire and earthquake damage, and deterioration, strengthening walls and encasing, structural steel for fireproofing, parking garages, dams and reservoirs, seismic retrofits, sewers, and marine structures are driving the North America Shotcrete market. Additionally, increased building expenditure and rising demand for low-cost housing aid in the growth of the Shotcrete market during the forecast period.
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Shotcrete Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 6.53 Billion.


Forecast Period 2023 to 2029 CAGR:
6.86%
Market Size in 2029:
US $ 10.41 Billion.


 Segments Covered:
by Process
• Dry Mix
• Wet Mix


by System
• Manual System
• Robotic System


by Equipment
• General Equipment
• Auxiliary Equipment
• Special Equipment


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



Shotcrete Market, by Region
• North America (United States, Canada and Mexico)
• Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
• Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
• Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
• South America (Brazil, Argentina Rest of South America)
Shotcrete Market Key Players are:
• BASF SE
• HeidelbergCement AG
• Grupo ACS
• Lafargeholcim Ltd.
• Cemex S.A.B. De C.V.
• Sika AG
• GCP Applied Technologies
• Vulcan Materials Company
• Mapei S.p.A.
• Normet
• De C.V.,
• U.S. Concrete Inc.
• Quikrete Companies, Inc.
• KPM Industries Ltd.
• The Euclid Chemical Company
• Lkab Berg & Betong AB
• Cemex S.A.B. De C.V.
• B M Walunj & Co.
• Denka Company
• Draco Italiana

FAQs:

1. What are the growth drivers for the Shotcrete market?
Ans. The development in Shotcrete technology & raw materials; sustainability of Shotcrete materials; increase in demand for Shotcrete from the construction & infrastructure industry; and a surge in usage of sprayed concrete in the manufacturing of domes, barrel vaulting, and bank vaults, are expected to be the major driver for the Shotcrete market.

2. What is the major restraint for the Shotcrete market growth?
Ans. The shortage of competent and trained experts, as well as the difficulties connected with the transportation of concrete mix, is expected to restrict the market growth during the forecast period.

3. Which region is expected to lead the global Shotcrete market during the forecast period?
Ans. The Europe market is expected to lead the global Shotcrete market during the forecast period due to the growth for underground drilling, shipping, hard rock extraction, concrete repair, and technical advances in the Shotcrete concrete market in the European.

4. What is the projected market size & growth rate of the Shotcrete Market?
Ans. The Shotcrete Market size was valued at USD 6.53 Billion in 2022 and the total Shotcrete revenue is expected to grow at a CAGR of 6.86% from 2023 to 2029, reaching nearly USD 10.41 Billion.

5. What segments are covered in the Shotcrete Market report?
Ans. The segments covered in the Shotcrete market report are Process, System, Equipment, Application, and Region.