A new report published by Allied Market Research,
titled, "Shotcrete Market by Technique, System, and By Application - Global
Opportunity Analysis and Industry Forecast, 2014 - 2022"
projects that the global shotcrete market was valued at $4,441 million in 2015, and is expected to
reach $7,819 million by 2022 growing at a
CAGR of 8.6% during the forecast period. Underground Construction segment was
the largest contributor for global shotcrete market in 2015. Europe held the leading position in 2015, while Asia-Pacific is expected to be the highest
growing market throughout the study period.
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Increased number of underground construction
projects such as New York City Water Tunnel of 96.5 km in New York, U.S., Paris metro
line 15 of 75 km in France, Brenner Base
Tunnel of 55 km in Austria-Italy, Mass Rapid Transit: Thomson-East coast metro
line of 42 km in Singapore drives the
shotcrete market. Shotcrete is mainly used to strengthen the substrate by using
Sprayed concrete linings (SCL) as a temporary or permanent lining considering
time and cost required.
According to Eswara
Prasad, Team Lead Chemicals & Materials at Allied Market Research, "The rapid
development of shotcrete technology & raw materials are
expected to offer major opportunities to the world shotcrete market."
Shotcrete is a concrete spraying technique which is
mainly used to reduce or eliminate the disadvantages of conventional concrete.
Depending upon the method of spraying, it is classified into two types,
namely, manual spraying system and robotic spraying system. The use of robotic
spraying system is expected to grow as the rules and regulations regarding
safety and health of the personnel are getting increasingly stringent.
The demand from wet-mix shotcrete process over
conventional concrete is expected to register the highest growth rate owing to
the its versatility and time reduction. Further research in enhancing the
properties of shotcrete raw materials is expected to continue the growth of wet
mix shotcrete process making it a widely-used technique in the shotcrete
market.
Manufacturers have focused on the growing
construction industry of emerging economies such as India, Brazil, Argentina, and Saudi
Arabia to increase their market share.
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Key findings of the study
- Shotcrete in underground
construction application segment occupied the highest share in 2015, and
is expected to grow at a CAGR of 8.9% in terms of value during the
forecast period
- Europe is the
leading consumer of shotcrete accounting for more than one-third share of
the world shotcrete market, followed by Asia-Pacific
- The robotic system of shotcrete
is expected to expand with the highest CAGR of 8.8% in terms of value
during the forecast period
- Wet-mix technique of shotcrete
segment accounted for approximately three-fourth of the global shotcrete
market in 2015
- U.S. is the leading market for
shotcrete in the North American region, growing at a CAGR 6.7% in terms of
value during the forecast period
Europe accounted
for the largest share in the global shotcrete market in 2015, while Asia-Pacific is projected to be the highest
growing market for shotcrete during the forecast period. This is attributable
to increase in underground construction application segment owing to the
expansion of major shotcrete manufactures such as BASF SE and Sika AG in the
region.
BASF SE installed a new construction chemical plant
in Andhra Pradesh, India to meet the
demand of the region and expand their market reach. Sika AG has opened a new
production plant in Australia to
fulfill the demand for concrete admixtures and supply product technologies to
Government-funded Forrest field-Airport Link to build a new rail line, pair of
tunnels, suburbs. The prominent players profiled in this report include BASF
SE, Heidelberg Cement, Grupo ACS, Lafargeholcim, Cemex, Sika AG, GCP Applied
Technologies, U.S. Concrete, Mapei, and Normet.
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About Us
Allied Market Research (AMR) is a full-service
market research and business-consulting wing of Allied Analytics LLP based
in Portland, Oregon. Allied Market Research
provides global enterprises as well as medium and small businesses with
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forecasting. Each and every data presented in the reports published by us is
extracted through primary interviews with top officials from leading companies
of domain concerned. Our secondary data procurement methodology includes deep
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analysts in the industry.
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