Sprayed concrete companies are involved in the application of shotcrete or sprayed concrete, a construction material applied using a high-pressure hose. This method is commonly used in tunneling, slope stabilization, and structural repairs. These companies offer expertise in the application of sprayed concrete, ensuring that structures receive a durable and uniform coating.
The global market for sprayed concrete, also known as shotcrete, is experiencing significant growth, driven by factors like increased urbanization, rising infrastructure spending, and growing awareness of its benefits. This has led to a dynamic competitive landscape with established players vying for market share alongside emerging companies with innovative solutions.
Strategies Adopted:
The key players in the sprayed concrete market are adopting various strategies to gain a competitive edge, including:
Factors for Market Share:
Several factors influence the market share of different players in the sprayed concrete market:
Key Competitors:List of the key major companies in the global sprayed concrete market is BASF SE (Germany), HEIDELBERGCEMENT AG (Germany), CEMEX S.A.B. de C.V. (Mexico), LafargeHolcim (Switzerland), Sika AG (Switzerland), LKAB (Sweden), KPM Industries Ltd (Canada), The QUIKRETE Companies (US), GCP Applied Technologies Inc. (US), U.S. Concrete, Inc. (US).
Recent Developments
August 2023: Aliva International unveils its new Smart Concrete Spraying System, an automated robotic system for spraying concrete with improved accuracy and efficiency.
September 2023: Euclid Chemical launches Euclid Shotcrete Accelerator 2000, a new liquid accelerator designed for rapid setting and high early strength in sprayed concrete applications.
October 2023: Master Builders Solutions introduces MasterProtect 13000, a new high-performance cementitious coating for sprayed concrete surfaces, offering superior protection against water, chemicals, and abrasion.
November 2023: AkzoNobel launches Intercrete 1120FG, a new high-performance sprayed concrete mix designed for fire protection applications, offering up to 4 hours of fire resistance.
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Shotcrete/Sprayed Concrete Market is projected to be worth USD 18,023.6 Million by 2030, registering a CAGR of 8.45% during the forecast period (2022 - 2030), The market was valued at USD 8.41 billion in 2021. The use of sprayed concrete is high in both residential and commercial constructions. Today, there are lots of new developments in the building market. A modern method such as sprayed concrete is gaining more traction these days. The speciality of this concrete is that it is sprayed through a pressure hose. This technique is economic and efficient to use concrete. The water ratio in this cement is less which enables high density and strength in construction.
The high bonding strength of the sprayed concrete evenly covers the surface. The efficiency and cost of this spray concrete are exceptional features. Today, the adoption of this technique is high in special construction structures. Using this method for the construction of domes, vaults, and bombproof rooms is increasing. In the forecast period, Europe has the highest demand for such sprayed concrete market.
Further, the growth of the tunneling projects in North America is leading to more demand for such sprayed concretes. Complexes and commercial building rates in the market are rising. Overpopulation is creating more need for construction. Using sprayed concrete saves time and helps to build a strong building. These are the factor that contributes to overall market value in the forecast period.Â
The global sprayed concrete market is segmented based on process, system, and application. On the basis of process, the sprayed concrete market is divided into wet process and dry process. The wet process segment is dominating the market, owing to various advantages such as controlling on water content, easy spraying, and adding admixtures as per design requirement during the preparation of the mix.
On the basis of system, the sprayed concrete market is divided into robotic spraying system and manual system. The robotic spraying system is the dominating segment, owing to the growing demand for simplifying the tasks of the operator and the lack of trained spraying equipment operators.
On the basis of application, the global sprayed concrete market is segmented into underground construction, protective coatings, water-retaining structures, retaining walls, strengthening & repair, and specialty construction. The underground construction segment holds the maximum market share, owing to the increasing underground construction, across the globe.
Region-specific analysis of the low-speed vehicle market spans across North America, Europe, Asia-Pacific (APAC), the Middle East & Africa, and South America.
List of the key major companies in the global sprayed concrete market is BASF SE (Germany), HEIDELBERGCEMENT AG (Germany), CEMEX S.A.B. de C.V. (Mexico), LafargeHolcim (Switzerland), Sika AG (Switzerland), LKAB (Sweden), KPM Industries Ltd (Canada), The QUIKRETE Companies (US), GCP Applied Technologies Inc. (US), U.S. Concrete, Inc. (US).
Source: MRFR analysis
The construction sector is one of the most important sectors in the European economy. According to EUROPEAN BUILDERS CONFEDERATION, the construction industry in Europe contributes around 9% to the total GDP of the EU, owing to the presence of 3 million enterprises, which employs a total direct workforce of 18 million people. The residential construction segment had the highest contribution in the construction industry in 2016 and grew by 5% compared to 2015. The upgrade of infrastructure and the construction of residential, commercial, and municipal buildings drive the construction industry in Europe, which provides traction for the sprayed concrete market to grow steadily.
Germany has experienced an increase in immigration, which has resulted in a substantial population boost and an urgent need for affordable housing. The low-interest rates introduced by the European Central Bank have transformed the mortgage loan process, which increased the construction of residential buildings. In the UK, the value of the construction industry in both, public and private sectors, has increased. The growing construction industry can be attributed to the increasing construction of private housing buildings and commercial and industrial infrastructure and the rising of privately funded projects in the healthcare industry. The significant growth of the construction industry is expected to drive the sprayed concrete market.
The global sprayed concrete market has been segmented on the basis of process, system, application, and region. On the basis of process, the market is divided into wet process and dry process. The wet process segment is expected to dominate the sprayed concrete market due to the advantages it offers, including controlling the water content, easy spraying, and adding admixtures as per the design requirement during the preparation of the mix.
In January 2019, BASF SE launched its Virtual Design and Construction (VDC) resource center, which offers Building Information Modeling (BIM) content and other digital services for its clients in the construction industry.
In March 2019, Sika AG acquired KPM Industries Ltd, an independent Canadian manufacturer of dry shotcrete and mortars for concrete repair. This acquisition enables it to expand its business footprint in Canada.
January 2019Â
BASF SE is opening its new research centre. This company is offering many digital services for the construction industry. The company is also providing BMI and other important services. Through this research, there are expected to be new developments in sprayed concrete products.Â
March 2019Â
Sika AG is acquiring is a manufacturer of Canadian concrete. The company is also offering motor repairs and the acquisition of the company is expected to create new developments. There is an expansion of the sprayed concrete products in Canada. This expansion will also result in more supply.Â
Sprayed Concrete Market Highlights:
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