Shotcrete/Sprayed Concrete Market is projected to reach USD 8.30 billion by 2021, registering a CAGR of 8.0% from 2016 to 2021. Rapid technological developments in shotcrete fuel the growth of the shotcrete/sprayed concrete market.
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Underground construction is the largest as well as fastest-growing application of the shotcrete/sprayed concrete market, followed by water retaining structures, repair works, protective coatings, and others (free formed structures and new constructions). Growth in underground constructions is primarily driven by increasing urbanization, fast growing economic development, underground construction, and transportation facilities, mainly in developing countries such as India, the Philippines, Egypt, and Indonesia.
1 Attractive Opportunities in Shotcrete/Sprayed Concrete Market
2 Shotcrete/Sprayed Concrete Market Growth, By Process
3 Shotcrete/Sprayed Concrete Market Share, By Region and Application
4 Shotcrete/Sprayed Concrete Market Attractiveness
5 Shotcrete/Sprayed Concrete Market, By Region
6 Life Cycle Analysis, By Region
Europe is the largest market for shotcrete, which accounted for the maximum share of the overall market size, in terms of value, in 2015.
This large market share is attributed to rapid developments in shotcrete technology and raw materials, and increase in tunneling and mining activities. Asia-Pacific is the fastest-growing market, in terms of value, owing to rise in population and increase, consumer preferences, and urban lifestyle.
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This study has been validated through primary interviews with various industry experts globally. The break-up profile of primary discussion participants is given here Tier 1 (34%); Tier 2 (33%) and other (33%) companies were contacted for interviews.
The interviews were conducted with various key people such as C-level (12%), Director level (25%), and Others (63%) from various key organizations. The primary interviews were conducted worldwide covering regions such as North America (12%), Europe (12%), Asia-Pacific (63%), and Row (13%).
2 Competitive Situation and Trends
3 New Product Launch
4 Merger & Acquisition
5 Agreement & Joint Venture
The report also provides company profiles and competitive strategies adopted by the major market players, such as BASF SE (Germany), Sika AG (Switzerland), HeidelbergCement AG (Germany), Cemex S.A.B. de C.V. (Mexico), KPM Industries Ltd.
(Canada), The Euclid Chemical Company (U.S.), LKAB Berg & Betong AB (Sweden), Quikrete Companies Inc. (U.S.), U.S. Concrete, Inc. (U.S.), and LafargeHolcim (Switzerland).
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The report offers market estimations and projections till 2021 and offers a complete study of the market dynamics. In addition, the report provides the competitive landscape with major growth strategies adopted by the key players.
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