The Shotcrete Market Global Industrial Analysis

The global shotcrete market was worth $4,441 million in 2015, and it is predicted to expand at an annual rate of 8.6% to $7,819 million by 2022. Shotcrete concrete is a spraying technology for reducing or eliminating the problems of traditional concrete. The global shotcrete market is categorised by system, technique, application, and geography, among other factors. The shotcrete market is divided into two categories based on spraying systems: manual and robotic.

 Wet mix shotcrete process and Dry mix shotcrete process are the two techniques used to classify the shotcrete market. Underground construction, water retention structures, protective coatings, and maintenance operations are also included in the shotcrete market's application classification.Wet mix shotcrete is a frequently utilised shotcrete application for building, however dry mix shotcrete is currently employed for repair and restoration projects since intermittent spraying requirements are considerably easier to meet with dry mix shotcrete.. Skyscrapers such as the 3,281-foot Jeddah Tower in Saudi Arabia, the 1,965-foot Ping A Finance Centre in China, the 1,819-foot Lotte World Tower in Seoul, South Korea, and the 2,073-foot Jeddah Tower in Saudi Arabia were recently finished. The Shanghai Tower in China is predicted to promote the adoption of the dry-mix method, resulting in increased demand for shotcrete around the worldThe utilisation of the dry-mix procedure is expected to reduce due to serious disadvantages such as excessive rebound and less air entrainment.

To gain greater market share, leading players in the worldwide shotcrete sector have used a variety of techniques. Press announcements, annual reports from market players, and primary calls to industry experts were used to compile these major strategies. Shotcrete producers and distributors are among the market participants profiled in this report. Product launch, joint venture, acquisition, partnership, expansion, and investment are some of the key methods used by these players.

The percentage distribution of the key market participants' strategies is depicted in the pie chart above. Expansion and acquisitions accounted for 38% and 35% of all strategies used, respectively, while product introduction was the third most popular approach, accounting for 27% of all strategies used.

Tunnels, mines, subways, water drainage, and other underground structures are all examples of underground construction. Tunnels, mining, and concrete lining are the three main types of underground construction projects. Rock stability, arch linings, and massive cavity filling are the most common uses of shotcrete in the tunnelling and mining sectors. The most common application of shotcrete is tunnelling. Tunnels offer a variety of environmental, social, and economic benefits, including environmental preservation, topographic advantages in steep or mountainous areas, noise reduction, and the provision of a convenient and fast mass transportation system that is both sustainable and cost-effective. Sika AG supplied building chemicals, tunnel stabilisation by shotcrete spraying machines, and concrete admixtures for the construction of Switzerland's Gotthard Base Tunnel, which is the world's longest railway tunnel at 57 kilometres. The impending 123-kilometer Chinese undersea tunnel project, which will house a rail line, is expected to provide firms with an excellent opportunity to penetrate the Asia-Pacific market.

Several major competitors in the shotcrete sector have increased the size of their manufacturing plants in order to capture a larger portion of the market. Sika AG, for example, expanded its product reach and captured the market by establishing concrete admixtures plants in India, Thailand, Myanmar, Cambodia, and Sri Lanka. Sika AG also supplied technology for the construction of Malaysia's Ulu Jelai hydropower facility.The best places for new manufacturers to enter the Asian market are emerging economies such as India and Korea.