Shotcrete Market Overview:
The global shotcrete market size was valued at $4,441 million in 2015 and is expected to grow at a CAGR of 8.6% to reach $7,819 million by 2022. Shotcrete concrete is a spraying technique which is mainly used to reduce or eliminate the disadvantages of conventional concrete.
Primary Interview Responses Split
The global shotcrete market is segmented based on various parameters such as system, technique, application, and geography. Based on system of spraying, the shotcrete market is classified into manual system and robotic spraying system. Technique-based classification of shotcrete market is Wet mix shotcrete process and Dry mix shotcrete process. Further, application based classification for shotcrete market includes Underground construction, Water retaining structures, protective coatings and repair works. Wet mix shotcrete is a widely-used process of shotcrete utilization for construction purpose, whereas Dry mix shotcrete is currently used for repair and restoration works as intermittent spraying needs are much more easily accomplished using dry mix. The construction of skyscrapers like 3,281-feet Jeddah Tower in Saudi Arabia, 1,965-feet Ping A Finance Centre in China, 1,819-feet Lotte World Tower in Seoul, South Korea, recently completed 2,073-feet China’s Shanghai Tower is expected to increase the use of dry-mix process, thereby resulting in the demand for shotcrete globally. Serious disadvantages like high rebound and less air entrainment is anticipated to decline the use of dry-mix process
Shotcrete Market Segmentation
Top Winning Strategy
Leading players in the global shotcrete industry have adopted various strategies to achieve additional market share. These key strategies are gathered from press releases, annual reports of market players, and primary calls made to industry experts. Market players profiled in this report are shotcrete manufactures and distributors. Key strategies adopted by these players include product launch, joint venture, acquisition, partnership, expansion, and investment.
SHOTCRETE MARKET: TOP WINNING STRATEGIES, 2012-2016 (%)
The above pie chart represents the percentage split of the strategies adopted by the key market players. Expansion and acquisitions accounted for 38% and 35% respectively of all strategies adopted, while product launch is the third topmost strategy, accounting for 27% of the overall strategies.
Underground construction includes construction of tunnels, mines, subways, water drainage and much more. Tunnels, mining, and concrete lining are the main sectors under underground construction works. In tunnelling and mining industries, rock stabilization, arch linings, large cavity filling are the main areas of shotcrete utilization. Tunnelling is the most prominent area of shotcrete application. Tunnels provide us with various environmental, social, and economic advantages like environmental preservation, topographic advantages in hilly or mountainous areas, reduction in noise pollution, providing an easy and fast mass transportation system thus being sustainable and economically efficient. Sika AG provided building chemicals, tunnel stabilization by shotcrete spraying machines and concrete admixtures in the construction of Gotthard Base Tunnel in Switzerland, 57 km long which is world’s longest railway tunnel. The upcoming ambitious Chinese undersea tunnel project of 123 km to host a rail line is anticipated to be a good opportunity for manufacturers to enter the Asia-Pacific market.
Various key players in the shotcrete industry have expanded their manufacturing units to acquire the large share of the market. For example, Sika AG installed concrete admixtures plant in India, Thailand, Myanmar and Cambodia and Sri Lanka to expand its product reach and capture the market. Sika AG also provided their technology for the construction of Ulu Jelai hydropower plant in Malaysia. Emerging economies in the Asian market like India and Korea are the best regions for new manufacturers to enter the market.
Brazil was an active market in LAMEA region for shotcrete due to the construction activities owing to the hosting of Summer Olympics 2016. The construction activities started from the year 2009 with shotcrete being used for its rapid setting time to construct volleyball stadium and subway links; while its strength and flexibility for making of complex shapes, made it easy to construct various temporary facilities like golf course and swimming pools. The shotcrete market forecast in Qatar is projected to register the highest growth as the country is currently a booming construction zone which is experiencing increase in the demand for shotcrete. This demand is mainly because of the FIFA World Cup in 2022, with 4 stadiums under construction and 1 in design. BASF SE installed two new construction chemical plants in Nigeria and Kenya, to meet the demand of shotcrete in the African region. UAE and Saudi Arabia offer huge potential for the shotcrete and its components manufacturers as their economies are growing steadily owing to price hike in oil and gas.
UAE SHOTCRETE MARKET, 2014-2022 ($MILLION)
Key players profiled in the report include BASF SE, Heidelberg Cement, Grupo ACS, Lafargeholcim, Cemex, Sika AG, GCP Applied Technologies, U.S. Concrete, Mapei, and Normet.
Other key players (not profiled in report) in the value chain include, Lkab Berg and Betong Quikrete cement and concrete products, Tutor Perini Corporation, Thiessen Team, and SAN
SHOTCRETE MARKET KEY BENEFITS:
- This report provides an extensive analysis of the current trends, future estimations, and dynamics from 2014 to 2022 of the global shotcrete market, which assists to identify the prevailing opportunities
- Geographically, the market is analyzed based on various regions such as North America, Europe, Asia-Pacific, and LAMEA
- Exhaustive analysis predicts the applications that are currently used along with the variants that would gain prominence in the future
- Competitive intelligence of leading manufacturers and distributors in shotcrete industry highlight the competitive scenario across the geographies
- Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework
- Key market players are profiled and their strategies are analyzed thoroughly, which portrays the competitive outlook
SHOTCRETE MARKET KEY SEGMENTS:
Global Shotcrete Market is segmented as:
- Wet Mix
- Dry Mix
- Underground Construction
- Water Retaining Structures
- Protective Coatings
- Repair Works
- Manual System
- Robotic Spraying System
- North America
- Rest of Europe
- Rest of Asia-Pacific
- Rest Of LAMEA