Shotcrete Market by Process (Wet Mix and Dry Mix), Application (Underground Construction, New Structures, Repair Works, and Slope & Surface Protection), Technique (Robotic and Manual), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2028

Advanced Materials

MA21038364

Pages: 211

Oct 2021

Reports Overview

Global Shotcrete Market Analysis

The global shotcrete market accounted for $6,685.2 million in 2020 and is predicted to grow with a CAGR of 8.9%, by generating a revenue of $13,215.3 million by 2028.

Market Synopsis

Shotcrete market is gaining huge popularity owing to rapid surge in construction activities such as development of smart cities, metropolis, industrialization, bridges, and underground structures. Shotcrete also known as sprayed concrete is an efficient technique of spraying concrete onto free form surfaces and complex structures such as tunnels. Various benefits offered by shotcrete process incudes durability, high tensile strength, low permeability, thermal efficiency, and fire retardation. It is commonly used in repair works for repair of fire and earthquake damage and deteriorated surfaces, encasing structural steel for fireproofing, and strengthening walls.
However, the requirement of skilled labors for the use of shotcrete technique is estimated to hamper the sprayed concrete market. Improper use of shotcrete can lead to development of cracks that can damage the surface.

According to regional analysis, the Asia-Pacific shotcrete market accounted for $2,456.8 million in 2020 and is predicted to grow with a CAGR of 9.5% in the projected timeframe.

Shotcrete Overview

Shotcrete or sprayed concrete is a method of applying concrete at a high velocity on to a vertical or overhead surface. Shotcrete offers similar hardened properties as that of conventional cast-in-place concrete. However, shotcrete is more efficient as the placement process results in formation of excellent bond with an ability to form complex shapes and forms. Shotcrete is more economical than traditional concrete process as it requires less formwork, less labor, and requires small portable plant for manufacturing and placement. Shotcrete is durable and versatile process as the velocity at which the mixture is sprayed, drives particles into every crevice on the receiving surface that results in mass typically making it durable & long-lasting than other methods.

COVID-19 Impact on the Shotcrete Market

The global crisis caused by COVID-19 pandemic negatively impacted the economy affecting the global trade. COVID-19 pandemic has affected various industries and shotcrete market has experienced negative impact owing to financial recession in construction industry that has led to unemployment and postponement or cancellation of construction projects. This impact is being faced by various countries hit by the pandemic creating uncertainty and unrest. The diversion of government budgets towards healthcare sector has brought construction projects to a standstill. In social distancing norms, import-export restrictions have led to non-availability of raw materials and shortage of labors. The workers are unable to reach their transportation sites due to lockdown imposed in various parts of country. Hence, operational restrictions and disrupted supply chains have negatively impacted the shotcrete market size during the pandemic.

Various company initiatives to protect the stakeholders and the employees during pandemic are helping the society to recover from chaotic situation. For instance, LafargeHolcim, the leading Swiss multinational company that manufactures building materials, has taken initiatives such as protecting the health and wellbeing of staff and their families via awareness, medical preparedness, and training. This initiative has facilitated continuity in business operations via proactive supply chain management. In January 2020, the company formed Business Resilience Teams at group and country levels that incorporates expertise in HR, operations, health & safety, procurement, IT, legal, security, and resilience for monitoring and reporting the preparedness level of the organization.

Efficiency Offered by the Shotcrete Process to Drive the Market Growth

High efficiency offered by the shotcrete process as it is economical since it requires less formwork compared to conventional concrete method is estimated to drive the shotcrete demand. In shotcrete process the cement content is high which makes it more durable. Shotcrete process offers resistance to freezing and thawing. This is because wet mix shotcrete with mixture of 8 to 12% air content generates air-zero system in place. Shotcrete offers sustainability as it contains higher percentage of recycled material and presence of high thermal mass, which helps in the development of energy-efficient structures. In addition, shotcrete eliminates the need for engineered concrete footings for one-sided wall bracing due to which no formwork is required. Also, this process facilitates architectural creativity which is otherwise price prohibitive or infeasible.

To know more about global shotcrete market drivers, get in touch with our analysts here.

Requirement of Skilled Labor is Predicted to Hamper the Market Growth

Shotcrete requires skilled operator or nozzleman for the concrete spraying process to obtain the maximum efficiency as the water to cement ratio must be maintained accurately. The presence of excess water can compromise the quality of concrete that leads to reduced strength and durability which is estimated to restrain the shotcrete market share.

Application of Shotcrete for the Development of Free Form Structures to Generate Huge Opportunities

Shotcrete is widely used method for construction of free form surfaces that are difficult to construct using conventional cast-in-place concrete technique. The construction of thin overhead vertical or horizontal surface such as canal, reservoir, tunnel lining, or folded sections is estimated to drive the shotcrete market demand. In addition, it is also used on stabilization of rock slopes, construction of prestressed tanks, water retaining structures, and swimming pools. Shotcrete plays a vital role in offering protection against long-term corrosion of piling, steel building frames, oil tanks, coal bunker as well as for encasing structural steel for fireproofing. It is also used in high temperature applications such as refractory lining of chimneys, furnaces, and kilns.

To know more about global shotcrete market opportunities, get in touch with our analysts here.

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