Shotcrete Market

Shotcrete Market - Insights, Opportunity Analysis, and
Industry Forecast till 2025
Shotcrete is a technique used to pneumatically spray concrete through a hose at
high velocity onto the surface. Factors such as growing underground
construction activities such as tunneling and mining activities and rampant
growth in infrastructure development are factors expected to boost growth of the
shotcrete market during the forecast period (2017–2025). Robotic system
segment is expected to dominate the shotcrete market over the forecast period
and is expected to expand at a CAGR of 9.3% in terms of volume. According to
a study conducted by Coherent Market Insights, the global robotic system
market is projected to reach over 4,137.25 TCM by the end of 2017.
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Europe accounted for the largest share in the global shotcrete market in 2016,
according to the stats provided by Coherent Market Insights. Increasing
underground construction activities in Europe creates a highly conducive
environment for growth of the global shotcrete market. For instance, in Europe
the construction of metro rail project which will link from east-north and
west-south, currently Attiko Metro company prepares to construct four new line,
the project worth over US$ 3.61 billion and is expected to fuel the market for
shotcrete during 2017-2025. Moreover, rapid investment in infrastructural
development to provide reliable, sustainable and economic transportation in
emerging economies such as India and China further fuels growth of the global
shotcrete market. The National Highways and Infrastructure Development Corp.
(NHIDCL)—a government undertaking company—plans to construct five mega
tunnels in Jammu and Kashmir by 2024, at an estimated cost of US$ 3.58
billion. Moreover, according to India Brand Equity Foundation (IBEF)—a trust
established by the Department of Commerce, Ministry of Commerce and
Industry, Government of India—in April 23, 2017, a metro rail projects with a
total route length of 903 kms in 13 cities are under consideration.
The global shotcrete market size was valued at US$ 5,612.73 million and
19,140.94 TCM in 2016 and is expected. The market is expected to expand at a
CAGR of 8.1% in terms of revenue and 8.3% in terms of volume during 2017 –
2025.
Multinational players need to tap potential addressable market in the
emerging regions with the help of geographical expansion
Major players in the global Shotcrete market include BASF SE, Heidelberg
Cement, Grupo ACS, Lafargeholcim, Cemex, Sika AG, GCP Applied
Technologies, U.S. Concrete, Mapei, and Normet. Among others.
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Coherent Market Insights is a prominent market research and consulting firm
offering action-ready syndicated research reports, custom market analysis,
consulting services, and competitive analysis through various recommendations
related to emerging market trends, technologies, and potential absolute dollar
opportunity.
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Shotcrete Market report categorizes global market by Process (Wet-Mix, Dry-Mix), System (Robotic, Manual), Application, and Geography - Insights, Opportunity Analysis, and Industry Forecast till 2025

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