Sprayed Concrete (Shotcrete) Market Size

Sprayed Concrete Market Analysis

The Sprayed Concrete Market size is estimated at USD 9.29 billion in 2024, and is expected to reach USD 12.73 billion by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).

The COVID-19 impact on the sprayed concrete market varied depending on the region, project type, and economic conditions. While initial disruptions and challenges were significant, the market showed signs of resilience and even experienced some growth in specific areas. As the pandemic's effects continue to moderate, the long-term outlook for the sprayed concrete market remains positive, driven by its inherent advantages and continued advancements in technology and applications.

• The sprayed concrete market is driven by increasing demand from the construction sector by the combination of its versatility, strength, speed, efficiency, environmental benefits, and alignment with global infrastructure development trends.
• However, the environmental issues arising from the dust released in the dry-sprayed concrete process pose challenges to the studied market growth.
• Increasing research and development activities are likely to provide opportunities for the sprayed concrete (shotcrete) market over the next five years.
• Europe dominated the market across the globe and Asia-Pacific is expected to be the fastest-growing region over the forecast period.