USD 8.04 billion
Sprayed Concrete Market Size, Share, Growth Analysis, By Type(Wet and dry spraying), By Application(Underground Construction, Protective Coatings, Water-Retaining Structures, Retaining Walls), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15F2120 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
64
|Figures:
75
Sprayed Concrete Market Insights
Sprayed Concrete Market size was valued at USD 8.04 billion in 2021 and is poised to grow from USD 8.6 billion in 2022 to USD 14.67 billion by 2030, at a CAGR of 6.9% during the forecast period (2023-2030).
The Global Sprayed Concrete Market continues to experience significant growth and widespread adoption across various industries and construction applications. Sprayed concrete, also known as shotcrete, gunite, or sprayedcrete, remains a versatile construction material pneumatically projected onto surfaces using a high-velocity spray nozzle. This technique enables rapid and efficient construction, making it particularly popular in infrastructure development, tunneling, mining, and slope stabilization projects worldwide. The market is being driven by the ongoing demand for durable and cost-effective construction methods, especially in emerging economies where urbanization and infrastructure expansion are still booming. Additionally, sprayed concrete's benefits, such as reduced material wastage, improved structural integrity, and enhanced construction speed, continue to be compelling factors fostering its adoption. The growing awareness of sustainable construction practices and the increasing need for renovation and repair of aging infrastructure further contribute to the market's expansion. Technological advancements, including the development of advanced admixtures and additives for sprayed concrete, continue to propel the market's growth. However, challenges such as stringent regulations, limited skilled labor, and high equipment costs still require careful consideration. Overall, the global market displays promising potential and a positive outlook, driven by ongoing infrastructure development projects and the growing preference for efficient, durable, and environmentally conscious construction practices.
US Sprayed Concrete Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Wet spraying
Fastest Growth
Wet spraying
Growth Rate
6.9% CAGR
Global Sprayed Concrete Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Sprayed Concrete Market Segmental Analysis
The Global Sprayed Concrete Market is segmented on the basis of type, application, and region. Based on type, the market can be segmented into Wet and dry spraying. Based on application, the market is segmented into Underground Construction, Protective Coatings, Water-Retaining Structures, Retaining Walls, Strengthening & Repair, and Specialty Construction. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Sprayed Concrete Market Analysis By Type
The dominant segment in the Global Sprayed Concrete Market is the Wet Spraying method. Wet spraying involves the mixing of concrete with water and additives to form a slurry, which is then pneumatically applied onto surfaces using a spray nozzle. This method's popularity is primarily due to its advantages, such as better control over the mix, improved adhesion, and reduced rebound, leading to higher efficiency and superior surface finish. Wet spraying is widely utilized in a range of applications, including underground construction, tunneling, and large-scale infrastructure projects.
The fastest-growing segment in the Global Sprayed Concrete Market is the Dry Spraying method. Dry spraying, also known as gunite or dry-mix shotcrete, involves mixing dry ingredients on-site, then pneumatically projecting the pre-mixed dry material onto surfaces using compressed air. This method's rapid growth is attributed to its advantages, such as faster application, reduced setting time, and the ability to use less water, making it suitable for various challenging construction environments. Dry spraying is gaining traction in mining operations, repair works, and renovation projects due to its efficiency, cost-effectiveness, and versatility in both overhead and vertical applications.
Sprayed Concrete Market Analysis By Application
The dominant segment in the Global Sprayed Concrete Market, based on application, is Underground Construction. The use of sprayed concrete in underground construction, such as tunneling and mining projects, is widespread due to its ability to provide efficient and reliable support to excavated surfaces. Its excellent adhesion and rapid application process make it an ideal choice for creating stable linings in tunnels, shafts, and underground caverns. The demand for underground infrastructure development, driven by urbanization and transportation expansion, continues to fuel the prominence of sprayed concrete in this segment.
The fastest-growing segment in the Global Sprayed Concrete Market is Protective Coatings. The application of sprayed concrete as protective coatings is witnessing significant growth owing to its versatility in safeguarding various structures against environmental factors, chemical attacks, and corrosion. Industries such as oil and gas, marine, and infrastructure are increasingly adopting sprayed concrete for protective measures on bridges, dams, pipelines, and industrial facilities. As concerns about asset durability and environmental protection escalate, the adoption of sprayed concrete for protective coatings is projected to experience rapid expansion in the foreseeable future.
Global Sprayed Concrete Market By Type
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Sprayed Concrete Market Regional Insights
The dominant region in the Global Sprayed Concrete Market is Asia Pacific. The Asia Pacific region is witnessing substantial growth in the use of sprayed concrete due to its robust construction and infrastructure development activities. Rapid urbanization, population growth, and extensive investments in transportation, mining, and energy projects have resulted in a high demand for efficient construction methods. Moreover, governments in countries like China, India, and Southeast Asian nations are focusing on infrastructure upgrades, which further contribute to the prominence of sprayed concrete in the region.
The fastest-growing region in the Global Sprayed Concrete Market is Middle East and Africa. The Middle East and Africa region is experiencing significant growth in sprayed concrete applications, primarily driven by extensive construction projects and large-scale infrastructure development initiatives. Major urbanization efforts, increasing investments in transportation, energy, and water infrastructure, and a surge in mining activities are some of the factors fueling the demand for sprayed concrete in this region. The need for durable and cost-effective construction solutions in challenging environments, such as desert areas, is further propelling the rapid growth of sprayed concrete in the Middle East and Africa.
Global Sprayed Concrete Market By Geography
- Largest
- Fastest
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Sprayed Concrete Market Dynamics
Sprayed Concrete Market Drivers
Increasing demand for sustainable and eco-friendly construction practices
- One key driver of the Global Sprayed Concrete Market is the growing demand for sustainable and eco-friendly construction practices. As environmental concerns continue to escalate, there is an increasing emphasis on adopting construction methods that reduce carbon emissions, minimize material wastage, and enhance the longevity of structures. Sprayed concrete, with its ability to optimize material usage and reduce construction time, aligns well with these sustainability goals. As a result, the market is experiencing a positive push from stakeholders who prioritize environmentally conscious construction practices.
Sprayed Concrete Market Restraints
Shortage of skilled labor and expertise in handling sprayed concrete applications
- One key restraint impacting the Global Sprayed Concrete Market is the shortage of skilled labor and expertise in handling sprayed concrete applications. The successful application of sprayed concrete requires specialized knowledge and training to ensure proper mix design, nozzle techniques, and surface preparation. As the demand for sprayed concrete increases, there may be challenges in finding adequately trained personnel, especially in regions experiencing rapid infrastructure development. The shortage of skilled labor could lead to quality issues, project delays, and increased costs, hindering the market's growth potential to some extent. Efforts to invest in training programs and promote knowledge dissemination in the construction industry can help address this restraint.
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Sprayed Concrete Market Competitive Landscape
The competitive landscape of the Global Sprayed Concrete Market is characterized by intense competition among various players vying for market share. Companies in the industry focus on product innovation, research and development, and strategic collaborations to gain a competitive edge. Factors such as geographical expansion, diversification of application areas, and technological advancements play crucial roles in maintaining market position. Moreover, key players strive to meet the increasing demand for sustainable and cost-effective construction solutions to capitalize on emerging opportunities in both developed and developing regions. The market's competitive dynamics are further influenced by factors like regulatory compliance, pricing strategies, and customer relationships, shaping the overall growth and competitiveness of the sprayed concrete market.
Sprayed Concrete Market Top Player’s Company Profiles
- Cemex (Mexico)
- LKAB Berg & Betong (Sweden)
- HeidelbergCement Group (Germany)
- GCP Applied Technologies (US)
- Normet Group (Finland)
- Putzmeister Holding GmbH (Germany)
- KPM Industries Ltd. (Canada)
- MAPEI Corporation (Italy)
- Flexcrete Technologies Ltd. (UK)
- Quikrete Companies, Inc. (US)
- Sika AG (Switzerland)
- CEMEX S.A.B. de C.V. (Mexico)
- The Euclid Chemical Company (US)
- LafargeHolcim Ltd (Switzerland)
- The QUIKRETE Companies (US)
- U.S. Concrete, Inc. (US)
- Kryton International Inc. (Canada)
Sprayed Concrete Market Recent Developments
- In April 2023, Holcim successfully finalized the acquisition of Duro-Last, a company based in the United States, known for offering high-quality commercial roofing systems.
- In January 2021, Sika commenced the production of shotcrete admixtures at its primary facility located in Gournay-en-Bray, situated in northwest Paris.
Sprayed Concrete Key Market Trends
- Increasing adoption of automation and robotics in the application process: One key market trend in the Global Sprayed Concrete Market is the increasing adoption of automation and robotics in the application process. As technology continues to advance, there is a growing emphasis on enhancing the efficiency, precision, and safety of sprayed concrete operations. Automation and robotics are being integrated into the spraying process to reduce manual labor, improve the consistency of the mix, and optimize the application on complex surfaces. This trend is driven by the desire to achieve higher productivity, minimize human errors, and address labor shortages, ultimately leading to improved construction outcomes and cost-effectiveness.
Sprayed Concrete Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Sprayed Concrete Market analysis, global market is experiencing significant growth and widespread adoption across various industries and applications. Sprayed concrete, also known as shotcrete or gunite, offers a versatile construction solution, pneumatically projected onto surfaces using a high-velocity spray nozzle. The market is driven by the rising demand for durable and cost-effective construction methods, especially in emerging economies with booming urbanization and infrastructure expansion. Additionally, the growing awareness of sustainable construction practices and the need for renovating aging infrastructure further contribute to the market's expansion. Technological advancements, including the development of advanced admixtures and additives, are propelling the market's growth. However, challenges like stringent regulations and limited skilled labor require careful consideration. The dominant application is underground construction, while protective coatings represent the fastest-growing segment. The Asia Pacific region holds the highest market share, and the Middle East and Africa exhibit rapid growth. Moreover, the increasing adoption of automation and robotics in the spraying process is a prominent market trend. Overall, the global market displays promising potential and a positive outlook, driven by the demand for efficient, durable, and environmentally conscious construction practices.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 8.04 billion |
| Market size value in 2031 | USD 14.67 billion |
| Growth Rate | 6.9% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Sprayed Concrete Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Sprayed Concrete Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Sprayed Concrete Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sprayed Concrete Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sprayed Concrete Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sprayed Concrete Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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