Global Sprayed Concrete Market – Overview
Sprayed concrete is a method of applying concrete that is generally self-supporting without the need for form work. It is also called as Shotcrete. Shotcrete is a method of applying concrete that is generally self-supporting without the need for form work. Shotcrete is conveyed through a hose and pneumatically projected at high velocity onto a surface, as a construction technique. The key applications of shotcrete are tunnel linings, mining operations, rehabilitation works, refractory systems, and others.
The increasing usage of shotcrete-sprayed concrete in the construction industry is identified as one of the primary growth factors for this market. The shotcrete-sprayed concrete is increasingly becoming popular among contractors and builders as its application is extremely economical and flexible. It offers several advantages when compared to regular concrete and is more durable as it imparts higher mechanical strength to buildings and constructions. This type of concrete needs less water proportionate to the amount of cement and has better compaction and offers improved strength than normal concrete. Furthermore, the use of shotcrete-sprayed concrete in construction activities makes the structure less porous which increases the bond strength and also helps in lowering the construction time, which in turn, reduces the costs as well.
The growing underground road and tunnel construction activities in APAC to streamline the traffic flow in densely populated regions is anticipated to fuel the adoption of shotcrete-sprayed concrete in the region. Furthermore, shotcrete-sprayed concrete manufacturers are setting up R&D centers in the region for developing innovative technology and advanced equipment for concrete application. This, in turn, will bring in new products in the market and is likely drive the demand for shotcrete-sprayed concrete during the forecast period.
According to a recent study report published by the Market Research Future, The global market of Sprayed Concrete is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2022).
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Sprayed Concrete Market – Competitive Analysis
Sprayed Concrete market appears to be competitive with the presence of several large and small players operating in the Sprayed Concrete Market. These Key players compete based upon pricing, quality, Technology and reputation. Sprayed Concrete market demonstrates a high growth potential which is likely to attract many entrants to the market resulting in to intensified competition further. Manufacturers operating in the Sprayed Concrete market strive to respond to the growing demand for insulated concrete form. Moreover, manufacturers mainly ensure to deliver the best quality products based on innovative technologies, and best practices.
The underground construction is the largest application industry for shotcrete and this trend is projected to continue in the near future due to the increasing infrastructural developments, growing need for transportation, and underground excavations. Shotcrete was the largest application in Europe, due to the accelerating tunneling and mining activities. Water retaining structures is projected to be the fastest-growing application segment, followed by repair works and protective coatings, between 2015 and 2022, due to the increasing demand of civil construction in developing countries, such as India, Nigeria, and Philippines.
Key Players for Sprayed Concrete Market:
- Atlas Copco
- Cemex S.A.B.
- Lkab Berg & Betong
- KPM Industries
- U.S. Concrete
- GCP Applied Technologies
- Tarmac Building Products Limited
- Prestige Concrete Products
- Sika AG
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Sprayed Concrete Market – Segments:
Global Sprayed Concrete Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.
Segmentation by Process: Dry Process and Wet Process
Segmentation by Application: Underground Construction, Retailing Walls, Protective Coatings, Water-Retaining Structures, Specialty Construction, Strengthening and Repair and Others
Segmentation by Regions: Comprises regions – North America, Europe, APAC and Rest of the World.
Sprayed Concrete Market – Regional Analysis
Europe is the largest market for shotcrete, which accounted for the maximum share of the overall market size. This large market share is attributed to rapid developments in shotcrete technology and raw materials, and increase in tunneling and mining activities. Asia-Pacific is the fastest-growing market, in terms of value, owing to rise in population and increase, consumer preferences, and urban lifestyle.
Key Point Covered in this Report TOC:
9. Global Sprayed Concrete Market by Application (Underground Construction, Retailing Walls, Protective Coatings, Water-Retaining Structures, Specialty Construction, Strengthening And Repair And Others)
10. Company Profiles
10.1.3 Product Portfolio
10.1.4 Business Strategies
10.1.5 Recent Development
10.2 Atlas Copco
10.2.3 Product Portfolio
10.2.4 Business Strategies
10.2.5 Recent Development
10.3 Cemex S.A.B
10.3.3 Product Portfolio
10.3.4 Business Strategies
10.3.5 Recent Development
10.4 Lkab Berg & Betong
10.4.3 Product Portfolio
10.4.4 Business Strategies
10.4.5 Recent Development
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