Shotcrete/Sprayed Cement Market - Segmented by Sprayed Process, Application, and Geography - Growth, Trends, and Forecast (2019-2024)


FEB 2018

Shotcrete/Sprayed Cement Market - Segmented by Sprayed Process, Application, and Geography - Growth, Trends, and Forecast (2019-2024)

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The shotcrete/sprayed cement market is expected to register a CAGR of approximately 8.25% during the forecasted period, 2018-2023. The market is driven by many factors, such as rising demand from construction industry. However, environment issues, which result from dust released in dry process is expected to hinder the growth of the market.

Demand from the Construction Sector Driving the Market

Construction is the primary growth factor for the shotcrete market and it is increasingly becoming popular in construction purposes, in response to its extremely economical and flexible nature. It is replacing regular concrete in construction of numerous skyscrapers as it imparts high mechanical strength to buildings. It also increases the bond strength by making the structure less porous along with lowering construction time and reducing costs.

Underground Mining - the Dominant Application

Based on application, underground mining is the dominant application and is expected to grow at a good rate with growing underground tunneling activities in the United States, Canada, China, and India. In Canada, underground railway construction is underway along with Chinese government are laying plans to build the world’s largest water tunnel, which is more than 600 miles.

Europe - the Largest Market Share

Europe accounts for the largest share of the global shotcrete market. The share is mainly attributed to the rise in underground construction activities in major countries, such as Italy and Germany. In addition, rapid technological advancements and raw materials in shotcrete, combined with Europe’s green innocuous approach to environment for construction activities is contributing to the growth of the shotcrete market in the region. The trend is expected to continue in the near future, owing to the rise in use of shotcrete as a permanent lining in the single shell tunnel.


Notable Development

  • October 2017: GCP Applied Technologies Inc. completed the acquisition of Schaumburg, Illinois- based Ductilcrete Technologiesa technology leader for concrete flooring systems, for $32 million.

Major Players:  BASF SE, Cemex, Sika, KPM Industries Ltd., and The Euclid Chemical Company, among others.

Reason to Purchase this Report

  • To understand the impact of end-user industries on the market
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • To understand the dominating product type and application in the market
  • Countries expected to witness the fastest growth during the forecast period
  • Identifying the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet (in Excel)

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1. Introduction

              1.1 Scope of the Report

              1.2 Research Phases

              1.3 Study Deliverables

2. Executive Summary

3. Market Insights

              3.1 Industry Value Chain Analysis

              3.2 Industry Attractiveness – Porter’s Five Forces Analysis

                             3.2.1 Bargaining Power of Suppliers

                             3.2.2 Bargaining Power of Consumers

                             3.2.3 Threat of New Entrants

                             3.2.4 Threat of Substitute Products and Services

                             3.2.5 Degree of Competition

4. Market Dynamics

              4.1 Drivers

                             4.1.1 Increasing Demand from Construction Sector

                             4.1.2 Growing Underground Tunnel Activities

                             4.1.3 Other Drivers

              4.2 Restraints

                             4.2.1 Environmental Issues Arising from the Dust Released in Dry Process

                             4.2.2 Other Restraints

              4.3 Opportunities

                             4.3.1 Increasing R& D activities

                             4.3.2 Other Opportunities

5. Market Segmentation and Analysis (Market Size, Growth, and Forecast)

              5.1 By Sprayed Process

                             5.1.1 Wet Spraying

                             5.1.2 Dry Spraying

              5.2 By Application

                             5.2.1 Underground Mining

                             5.2.2 Water Recreational Activities

                             5.2.3 Protective Coatings

                             5.2.4 Refractory

                             5.2.5 Others

6. Regional Market Analysis (Market Size, Growth, and Forecast)

              6.1 Asia-Pacific

                             6.1.1 China

                             6.1.2 India

                             6.1.3 Japan

                             6.1.4 South Korea

                             6.1.5 Rest of Asia-Pacific

              6.2 North America

                             6.2.1 United States

                             6.2.2 Canada

                             6.2.3 Mexico

                             6.2.4 Rest of North America

              6.3 Europe

                             6.3.1 Germany

                             6.3.2 United Kingdom

                             6.3.3 Italy

                             6.3.4 France

                             6.3.5 Spain

                             6.3.6 Rest of Europe

              6.4 South America

                             6.4.1 Brazil

                             6.4.2 Argentina

                             6.4.3 Rest of South America

              6.5 Middle East & Africa

                             6.5.1 Saudi Arabia

                             6.5.2 South Africa

                             6.5.3 Rest of Middle East & Africa

7. Future of the Market

8. Competitive Landscape

              8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements

              8.2 Market Share Analysis**

              8.3 Strategies Adopted by Leading Players

9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)

              9.1 BASF SE

              9.2 Cemex

              9.3 Sika

              9.4 KPM Industries Ltd.

              9.5 The Euclid Chemical Company

              9.6 LKAB Berg & Betong AB

              9.7 Quikrete Companies Inc.

              9.8 Customcrete, Inc.

              9.9 Target Products Ltd.

              9.10 JE Tomes & Associates, Inc.

              9.11 Five Star Products, Inc.

              *List not exhaustive

10. Disclaimer

**Subject to availability on the public domain

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