Report Description

A recent market intelligence report that is published by Data Insights Partner on Shotcrete/Sprayed Concrete Market makes an offering of in-depth analysis of segments and sub-segments in the regional and international Market. The research study also emphasizes on the impact of restraints, drivers, and macro indicators on the regional and world Shotcrete/Sprayed Concrete Market over the short as well as long period of time. A detailed presentation of forecast, trends, and dollar values of international Shotcrete/Sprayed Concrete Market is offered.

 

Market Insights:

In accordance with the report, the Shotcrete/Sprayed Concrete Market is projected to expand at a CAGR of X.X% over the period of forecast.  The global Shotcrete/Sprayed Concrete Market was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031, growing with a significant CAGR rate during the forecast period. In the coming years, increased demand for underground projects is expected to fuel expansion in the shotcrete/sprayed concrete industry. Furthermore, manufacturers of shotcrete/sprayed concrete are creating cutting-edge technology and equipment for concrete application. As a result, demand for shotcrete/sprayed concrete is expected to rise during the anticipated period. Rapid advancements in technology and raw materials, shotcrete's economic and technical effectiveness, and a growth in subterranean construction activities such as mining and tunnelling are all driving factors for increased shotcrete demand. Owing to the growth of infrastructure and the construction of residential, commercial, and municipal buildings, the United Kingdom is expected to be a prominent region for the sprayed concrete industry. Similarly, over the forecast period, the sprayed concrete market is expected to be driven by the expanding construction sector and different tunnelling projects in North America and Asia-Pacific. In the coming years, Europe and Asia are expected to have an increasing market trend. During the forecast period, emerging markets for shotcrete/sprayed concrete are likely to be Latin America and the Middle East.

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Research Methodology:

To compile the detailed study of the global Shotcrete/Sprayed Concrete market, a robust research methodology has been adopted that aids in determining the key insights and also evaluates the growth prospects of the Shotcrete/Sprayed Concrete Market. Comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Our research methodology implements a mix of primary as well as secondary research. Our projects are initiated with secondary research, where we refer to a variety of sources including trade databases; government published documents, investor presentations, company annual reports, Industrial papers, and paid databases. To carry out secondary research, the analysts have collected the information through company annual reports, journals, company press releases, and paid databases that were referred to gain and identify better opportunities in the Shotcrete/Sprayed Concrete Market.

 

COVID-19 Scenario Analysis:

The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing quite well while others have been crushed. This section of the report has explored the overall status of the COVID-19 scenario. The industry witnessed a huge decline in terms of sales. Likewise, the Shotcrete/Sprayed Concrete market was affected negatively due to the shutdown of manufacturing/processing facilities for some time. The analysts have also focused on the key measures that the companies are opting to withstand the harsh scenario.

 

Segment Covered:

Shotcrete/Sprayed Concrete Market report has been segmented By Product Type, By Application Type and geography also includes the market size and forecast for all these segments. Compounded annual growth rates for all segments have also been provided for 2022 to 2031. This report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

Key Segments:

 

Shotcrete/Sprayed Concrete Market research report includes an in-depth coverage of the industry with estimates & forecast from 2022 to 2031, for the following segments:

 

Shotcrete/Sprayed Concrete Market, By Product type, 2022-2031 (USD Million)

 

  • Wet
  • Dry

 

Shotcrete/Sprayed Concrete Market, By Application Type, 2022-2031 (USD Million)

  • Underground Construction
  • Water Retaining Structures
  • Protective Coatings
  • Repair Works
  • Others

 

Report Highlights:

The prime objective of the Shotcrete/Sprayed Concrete market report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with different major regions and more than 30 major countries across the globe. During the report's production, extensive research and analysis were conducted. This research will assist readers in gaining a thorough understanding of the market.

Shotcrete/Sprayed Concrete Market, By Region, 2022-2031 (USD Million)

 

  • North America ( United States, Canada, Mexico)
  • Europe (Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
  • South Asia ( India, Pakistan and Bangladesh)
  • East Asia (China, Japan and South Korea)
  • South East Asia (Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
  • Middle East (Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
  • Africa (Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
  • South America (Brazil, Argentina, Colombia, Chile, and Rest of SA)
  • Oceania (Australia and New Zealand)   

 

Companies Profiled:

To enhance their position in the global market, key suppliers/manufacturers are concentrating on business expansion and product innovation. Manufacturers/producers are also working on boosting their manufacturing capacity and product quality to gain a competitive advantage. The following are some of the prominent manufacturers in the worldwide Shotcrete/Sprayed Concrete market:

  • HeidelbergCement AG
  • Kryton International Inc.
  • Sika AG
  • Atlas Copco AB
  • CEMEX S.A.B. de C.V.
  • Tarmac Building Products Limited
  • BASF SE 
  • Gunform International Limited
  • Prestige Concrete Products
  • The Euclid Chemical Company
  • Others

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 Shotcrete/Sprayed Concrete Market Report Highlights:

  • Detailed analysis of the parent market
  • Key players' strategies and products supplied in the competitive landscape
  • Market segmentation in depth analysis
  • Market size in terms of volume and value, past, present, and future scenario
  • Potential and specialty areas, as well as geographical regions with promising growth prospects
  • Market players use this information to maintain and expand their market presence, thus it's important to have an unbiased perspective on market performance.