Sprayed Concrete Market Growth Opportunities, Key Players, and Business Strategies, 2028

CITY, Country, 2020-Jun-10 — /EPR Network/ —

Global sprayed concrete market is estimated to grow considerably in the forecast period owing to increased underground mining and construction activities. Sprayed concrete is often referred as Shotcrete (wet mix) or Gunite (dry mix). It is the procedure of applying concrete without the need for formwork. The concrete is either conveyed in wet, dry or semi dry state, as needed and then pumped into the spraying nozzle for application. It reduces formwork, which saves time and money, offers early strength with good bond strengths and adhesion, high durability, low permeability, and can potentially convey good amount of material to long distances form the point of application.

The growth of sprayed concrete market is majorly influenced by growing construction areas like water retaining structures, free formed structures, and protective coatings and increasing construction of special structures like bank vaults, domes, barrel vaulting, blast-proofs, hell roofs. Moreover, other factors driving the market are technological advancements in the construction sector, decrease in framework cost, technical efficiency and high sustainability offered by sprayed concrete. Nonetheless, sprayed concrete market is hampered due to lack of skilled labor.

Increased initiatives by the European government for use of eco-friendly materials is one of the major trends in the market growth. Increase in construction activities in Asia Pacific regions is expected to offer lucrative opportunities to the sprayed concrete market.

The market is categorized on the basis of system type, process, application, and geography. On the basis of system type, market is divided into manual system and robotic system. Robotic systems is expected to hold maximum share of the market due to increase in demand from the developed economies and rise in construction activities.

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Based on process type, market is divided into dry mix spraying process and wet mix spraying process. Wet mix spraying process offers a decorative finish, better output and high durability. Hence, wet mix segment is rising in terms of revenue. Nevertheless, dry mix spraying process is expected to lead the market since it holds exceptional flexibility and early strength.

In terms of application, sprayed concrete market is divided into underground construction, protective coatings, repair works, water-retaining structures, and others. Underground construction segment is expected to grow significantly due to increase in construction activities in both developing and developed economies.

Geographically, market is segmented as North America, South America, Europe, Asia Pacific, and Middle East & Africa. Europe holds a larger market share due to increase in the number of underground construction in economies like Austria, Switzerland, Italy, and Germany. Asia Pacific is also expected to lead the market due to increased demand form countries like Japan, China, and Australia.

The leading players in sprayed concrete market include Lkab Berg & Betong AB, Cemex S.A.B. De C.V., BASF SE, Sika AG, Heidelbergcement AG, The Euclid Chemical Company, U.S. Concrete, Inc., GCP Applied Technologies, Inc., Lafargeholcim, KPM Industries Ltd., and Quikrete Companies, Inc.

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