Shotcrete Concrete Market is forecast to reach $8.4 billion by 2025, after growing at a CAGR of 7.5% during 2020-2025. Increasing underground construction activities, rapid economic development and increasing urbanization, increased underground transport, shotcrete technological efficiency and increased mining and tunneling activities would drive the market. In addition, increasing the construction of free-form structures such as sculptures, theme park elements, climbing walls and water-retaining structures including river and sea-walls, dams, storage reservoirs, swimming pools, canal lines and water towers, will create new opportunities for the growth of the global shotcrete concrete industry in the forecast era.

Shotcrete Concrete Market Segment Analysis – By Process

Wet Mix Shotcrete Process is highly preferred in the shotcrete concrete market. For the wet mix, the combination of cement, mortar, and sprayed concrete admixture is applied with water. The wet mix is then pumped into a nozzle, where air and shotcrete accelerators are are inserted.When using mechanized wet-mix spraying the water / cement relationship is controlled automatically. The relation between water and cement is directly related to the strength of the support for shotcrete. Wet-mix concrete does not generate a lot of dust, which reduces the health risks in the long run.Also, this process requires less man power and even saves time owing to which this process is highly preferred over dry mix shotcrete process. Wet mix shotcrete concrete is used to provide a decorative finishwith high output capacity and high durability. Thus, owing to these properties the demand for shotcrete concretemarket will rise in the forecast period.

Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=16237

Report Price: $ 4500 (Single User License)

Shotcrete Concrete Market Segment Analysis – By End Use

The underground construction held the largest share in the shotcrete concrete market in 2019 and is projected to grow at a CAGR of 7.9% during the forecast period 2020-2025. The construction of tunnel, mines, subways, sewage drains and many else belongs to the underground construction. The key industries in the underground construction are tunnels, mines and concrete lining. The main areas of shotcrete utilization are in tunneling and mining industries, rock stabilization, arch linings, and large cavity filling. Tunneling is the most prominent area of shotcrete application. Tunnels provide us with numerous natural, social and economic benefits, such as protection of the environment, topographical advantages in hilly or mountainous areas, reduction of noise pollution, making it simple and rapid. Thus, the mass transport system is sustainable and economically efficient. In Switzerland, the construction of the 57 km Gotthard Base Tunnel, the world’s longest railway tunnel, was supplied by Sika AG with additives, tunnel stabilisation, shotcrete spraying equipment, and concrete admixtures. The future 123 km Chinese undersea tunnel project for the hosting of a railway line would provide factories with a fair chance to reach the Asia-Pacific industry.

Shotcrete Concrete Market Segment Analysis – Geography

Europe held the largest share with 33.1% in shotcrete concrete market in 2019. The global growth in demand for underground drilling, shipping, hard rock extraction, concrete repair, and technical advances in the shotcrete concrete market will be expected to continue during the projected period. Due to the widespread demand for retaining structures, repair works, protective coatings in the area of Europe, shotcrete concrete is expected to dominate the market in the predicted timeframe. In Europe, Attiko Metro Company is going to construct four new lines, the project worth over US$ 3.61 billion. In addition, construction in this region of the metro project which links east north and west south would fuel the demand for shotcrete concrete in this region.

Shotcrete Concrete Market Drivers

Increasing use of shotcrete concrete in repairing works

Shotcrete is a very flexible construction material that can be conveniently placed and used for a range of concrete repair applications successfully. For certain repair applications the need of shape function can be removed. Concrete repairs are considered the most reliable and inexpensive solution since corrosion of concrete happened on wide vertical surfaces, rendering the conventional trowel impractical and expensive. It was used to restore lines and walls of canals, rivers, road bridges and tunnels, the faces of dams, tunnels and natural rock walls. In so far, such shotcrete repairs can be carried out easily and economically provided proper materials, machinery, and procedures are employed. Thus, with the increasing use of shotcrete concrete in repair works the market is set to drive over the forecast period.

Download Sample Report @ https://www.industryarc.com/pdfdownload.php?id=16237

Shotcrete Concrete Market Challenges

Shortage of skilled labors

The major restraint observed in the growth of shotcrete concrete market is the shortage of skilled labors for various construction activities. All commercial and residential builders face shortages of labor. During the recession, many skilled construction workers left the industry, when finding work was tough. And those who just enter the workforce don’t consider the field of construction. The problem has reached such a wide scale that the stunted growth in the industry has caused the builders financial problems. The Wall Street Journal reported that “the growing shortage of labor in the commercial real estate sector is driving some projects’ costs up.”An annual survey conducted by the National Association of Home Builders also revealed that 75 per cent of builders say they had to pay higher wages and bids, 64 percent have delayed projects and 68 percent have raised home prices. Thus, shortage of labor can hinder the growth of the market in the forecast period.

Market Landscape

Technology launches, acquisitions, and R&D activities are key strategies adopted by players in the shotcrete concrete market. In 2019, the market of shotcrete concrete market has been consolidated by the top five players accounting for xx% of the share. Major players in the shotcrete concrete market areSika AG, BASF SE, Heidelberg Cement, Grupo ACS, Lafargeholcim, Cemex, GCP Applied Technologies, U.S. Concrete, Mapei, and Normet, among others.

Key Takeaways

Increasing demand for shotcrete are rapid developments in technology and raw materials, economic and technological efficiency of shotcreteand increased activities in underground construction such as mining and tunneling will drive the shotcrete concrete market.

Furthermore, shotcrete concrete producers are continuously developing new technologies and advanced shotcrete concrete application equipment. Owing to which it is expected to drive the demand for shotcrete concrete during the forecast period.

Due to COVID-19 palindrome, some of the construction operations are disrupted as the non-availability of migrant labor is interrupting certain construction activities, owing to which the demand for shotcrete concrete market is anticipated to decline in the forecast period.

Related Reports :

A. Concrete Admixtures Market

https://www.industryarc.com/Report/15114/concrete-admixtures-market.html

B. Specialized Cement Market

https://www.industryarc.com/Report/18109/specialized-cement-market.html

For more Chemicals and Materials Market reports – Please click here

About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.