Shotcrete Market Overview
“The global Shotcrete Market is expected to grow rapidly at a 6.9% CAGR consequently, it will grow from its existing size of from $6.35 billion in 2023 to $10.50 billion by 2030.”
What exactly is shotcrete, and how is it used?
Shotcrete is a method of laying concrete at high velocity to a vertical surface, solidifying it with the impact. It has comparable hardened qualities to conventional cast-in-place concrete but offers excellent bonding with most substrates and rapid capabilities, especially on complex forms. It requires less formwork and can be cheaper than conventionally laid concrete. Shotcrete is placed in either a wet or dry mix, with the wet-mix method thoroughly mixing materials, including water, before being introduced into the delivery hose. It is suitable for new construction and repairs, especially for curved and thin elements.
The global shotcrete market primarily focuses on construction and infrastructure technologies, offering various types of equipment for various applications like in-ground swimming pools, protective coating, underground construction, water retention structures, and repair activities. The market uses two types of systems: robotic spraying and manual systems, and can be divided into dry mix techniques and wet mix techniques based on technique. Manufacturers and participants provide various types of equipment for various purposes, including in-ground swimming pools, protective coating, underground construction, and water retention structures.
The shotcrete market is expected to face challenges due to a shortage of skilled professionals and transportation issues, but the development of free-form structures like sculptures, theme parks, and water-retaining structures is expected to benefit the industry, despite potential limitations in market expansion.
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Market Dynamics
Shotcrete concrete is gaining popularity in repair work
Shotcrete is a versatile building material used for various concrete repair applications, eliminating the need for form function. Due to corrosion on large vertical surfaces, traditional trowels are impractical and expensive. Shotcrete has been used to repair canals, rivers, road bridges, tunnels, dam faces, tunnel faces, and natural rock walls. With proper materials, tools, and techniques, Shotcrete repairs are straightforward and economical. The market for Shotcrete is expected to grow due to its increasing use in repair work.
The Shotcrete Process is known for its high efficiency
The Shotcrete process, with its high efficiency and cost-effectiveness, is expected to drive demand and grow the market size. Its high cement percentage and air-zero system make it durable and resistant to freezing and thawing. Shotcrete is eco-friendly due to its higher percentage of recycled material and high thermal mass, making it ideal for energy-efficient construction. This process is expected to remain unaffected by freezing and thawing.
Shotcrete eliminates the need for designed concrete footings for one-sided wall bracing, requiring no formwork, and stimulates architectural innovation, which would otherwise be prohibitively expensive or unattainable.
Major Trends and Drivers
The global shotcrete market is expanding due to increasing technological efficiency, advancements in materials and technologies, and rising demand from the infrastructure and construction industries. The increasing use of sprayed concrete in manufacturing processes like bank vaults, barrel vaulting, and domes is also driving growth in the market. These factors contribute to the overall growth and expansion of the shotcrete industry.
Restraints
Skilled labor is currently in short supply
The Shotcrete market expansion is hindered by a shortage of qualified employees, impacting both commercial and residential builders. The recession led to many workers leaving the industry due to job difficulties, and newcomers often avoid the industry. This has resulted in financial challenges for builders, affecting their ability to expand and thrive in the market.
The Wall Street Journal reports that a labor shortage in the commercial real estate sector is increasing project costs, with 75% of builders paying more wages, 64% delayed projects, and 68% raising home prices. This shortage is expected to limit market growth for the projected period. Shotcrete requires a trained operator for efficient concrete spraying, as excess water can damage concrete quality, limiting its expansion. The National Association of Home Builders survey shows this issue is affecting the industry.
Market Segment Analysis
The Wet Mix segment held the largest market share of 65% in 2022, likely to continue its dominance in the shotcrete industry. This process involves mixing cement, mortar, and sprayed concrete additives with water, injected into a nozzle with air and Shotcrete accelerators. The water/cement ratio is maintained automatically using robotic wet-mix spraying, ensuring the strength of the Shotcrete support. Wet-mix concrete also generates less dust, reducing long-term health risks.
The wet mix Shotcrete process is preferred due to its efficiency, time-saving properties, and decorative finish, making it a preferred choice over the dry mix Shotcrete process. Its high production capacity and durability are expected to increase demand in the future.
The global Shotcrete market saw the largest revenue share in 2022, dominated by robotic spraying. This technology, which combines automated equipment with a robotic arm, offers high-quality mixtures with homogenous support. It saves energy by performing the work of three machines with one robotic arm, and requires fewer staff as it can be operated by two workers, unlike manual concrete spraying.
The general equipment segment dominated the global Shotcrete market in 2020, with a projected CAGR of 6.65%. Pneumatic feed and positive displacement equipment are used in wet mix, transferring premixed mortar or concrete from cannons to nozzles. These devices can handle standard Shotcrete construction mixtures with up to 3/4-inch aggregate. Guns with dual mixing chambers and two-way valves enable material mixing and continuous flow operation.
Positive displacement equipment pumps concrete through a delivery pipe without compressed air, requiring a wetter mixture than pneumatic feed equipment. This method requires a sufficient accelerator for vertical and above surfaces, and can shoot material with 3/4-inch aggregate. Demand for general equipment is predicted to rise, driving segment growth, as it can successfully shoot material with 3/4-inch aggregate.
The global Shotcrete market was dominated by the underground construction segment in 2022, accounting for 48% of the market. This segment includes tunnels, mines, subways, and sewage drains. The primary applications of Shotcrete include tunneling and mining, rock stability, arch linings, and large cavity fills. This dominance is expected to continue through the projection period.
Shotcrete is widely used in tunneling due to its ecological, social, and economic benefits. Tunnels preserve the environment, improve topography, and reduce noise pollution. Sika AG supplied additives, tunnel stabilization, Shotcrete spraying equipment, and concrete admixtures for the construction of the world's longest railway tunnel, the Gotthard Base Tunnel in Switzerland. The 123-kilometer Chinese underwater tunnel project offers equal opportunities for enterprises to enter the Asia-Pacific market.
Competitive Landscape of the Shotcrete Market
- GCP Applied Technologies
- Vulcan Materials Company
- Mapei S.p.A. 10. Normet
- De C.V.
- S. Concrete Inc.
- Quikrete Companies
- KPM Industries Ltd.
- The Euclid Chemical Company
- Lkab Berg & Betong AB
- Cemex S.A.B. De C.V.
- B M Walunj & Co. 19. Denka Company
- Draco Italiana
- BASF SE
- HeidelbergCement AG
- Grupo ACS
- Lafargeholcim Ltd.
- Cemex S.A.B. De C.V.
Recent Development in Shotcrete Market
In May 2020, Bruce Russell (CROM LLC) was named an ASA Qualified Shotcrete Contractor, according to the American Shotcrete Association (ASA). CROM LLC is the latest addition to ASA's Qualified Shotcrete Contractors, joining American Concrete Restorations, Inc (Advanced Wet-Mix), Coastal Gunite Construction Company (Advanced Dry-Mix), and Dees-Hennessey, Inc (Advanced Wet-Mix).
In March 2019, King Packaged Materials Company, a large independent Canadian manufacturer of dry shotcrete and concrete repair mortars, was acquired by Sika. Sika's geographic footprint in Canada will be expanded as a result of the acquisition, and its growth potential in the home improvement, construction, mining, and tunneling markets will be enhanced.
In January 2018, CEMEX, S.A.B. de C.V. revealed that it took part in the development of a new Minden canal junction, which is one of Germany's important inland shipping hubs. CEMEX collaborated with a local supplier to deliver roughly 100,000 cubic meters of concrete for this project. The new lock system, which is expected to help 4,000 freight shippers per year, required numerous specialist goods, including submerged concrete, self-compacting concrete, visible surface and chamber walls concrete, high freeze-thaw resistant concrete, shotcrete, and concrete for bored piles.
Regional Insights
The European region is expected to maintain its dominance in the Shotcrete market, with the highest revenue share in 2022. The market is expected to grow due to increased demand for retaining structures, repair works, and protective coatings in Europe, as well as the growth of the global market for underground drilling, shipping, hard rock extraction, and concrete repair.
Attiko Metro Company plans to construct four new lines in Europe, totaling over $3.61 billion, and the 'Elizabeth Line' project, valued at over $23 billion, connecting over 40 stations over 26 miles of underground tunnel. This development is expected to increase demand for Shotcrete concrete in the region.
The North American Shotcrete market is projected to grow at a CAGR of 6.31%, driven by expanding industrial sectors and construction activity. The market is expected to be driven by rising demand for bridge repair, damaged concrete surfaces, fire and earthquake damage, strengthening walls, structural steel, parking garages, dams, reservoirs, seismic retrofits, sewers, and marine structures. Additionally, rising demand for low-cost housing and increased construction spending will further expand the market.
Segments Covered in the Shotcrete Market
Shotcrete Market by Process
Shotcrete Market by Equipment
- General Equipment
- Auxiliary Equipment
- Special Equipment
Shotcrete Market by System
- Manual System
- Robotic System
Shotcrete Market by Application
- Underground construction
- Inground swimming pool Water retaining structure
- Protective coating
- Repair works
Shotcrete Market By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
Frequently Asked Questions:
What are the growth drivers for the Shotcrete market?
The development in Shotcrete technology & raw materials; sustainability of Shotcrete materials; increase in demand for Shotcrete from the construction & infrastructure industry; and a surge in usage of sprayed concrete in the manufacturing of domes, barrel vaulting, and bank vaults, are expected to be the major driver for the Shotcrete market.
What is the major restraint for the Shotcrete market growth?
The shortage of competent and trained experts, as well as the difficulties connected with the transportation of concrete mix, is expected to restrict the market growth during the forecast period.
Which region is expected to lead the global Shotcrete market during the forecast period?
The Europe market is expected to lead the global Shotcrete market during the forecast period due to the growth for underground drilling, shipping, hard rock extraction, concrete repair, and technical advances in the Shotcrete concrete market in the European.
What is the projected market size & growth rate of the Shotcrete Market?
The Shotcrete Market size was valued at USD 6.53 Billion in 2022 and the total Shotcrete revenue is expected to grow at a CAGR of 6.86% from 2023 to 2029, reaching nearly USD 10.41 Billion.
What segments are covered in the Shotcrete Market report?
The segments covered in the Shotcrete market report are Process, System, Equipment, Application, and Region.
1. Introduction of Global Shotcrete Market
•Overview of the Market
•Scope of Report
•Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Research
•Data Mining
•Validation
•Primary Interviews
•List of Data Sources
4. Global Shotcrete Market Outlook
•Overview
•Market Dynamics
â—‹Drivers
â—‹Restraints
â—‹Opportunities
•Porters Five Force Model
•Value Chain Analysis
5. Global Shotcrete Market, By Type
•Overview
•Dry Mix
•Wet Mix
6. Global Shotcrete Market, By System
•Overview
•Manual
•Robotic Spraying
7. Global Shotcrete Market, By Equipment
•Overview
•General Equipment
•Auxillary Equipment
•Special Equipment
8. Global Shotcrete Market, By Application
•Overview
•Underground Construction
•Protective Coatings
•Water Retaining structures
•Repair works
•Others
9. Global Shotcrete Market, By Region•Overview
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o India
o Rest of Asia Pacific
• Rest of the World
o Latin America
o Middle East & Africa
10. Global Shotcrete Market Competitive Landscape
•Overview
•Company Market Ranking
•Key Development Strategies
11. Company Profiles
•BASF
•CEMEX
•GCP Applied Technologies
•KPM Industries
•LKAB
•Mapei
•Natural Cement Distribution
•Sika
•The Euclid Chemical Company
•The QUIKRETE Companies
•Votorantim Cimentos
12. Appendix
•Related Reports
