Transparency Market Research has announced a detailed report on the global market for shotcrete/sprayed concrete. It is titled “Shotcrete/Sprayed Concrete Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2023.”

The growth of the global market for shotcrete/sprayed concrete has been influenced by a number of factors. Of these, the recent steady growth in civil construction worldwide, especially in developed regions such as Europe and North America is one of the key factors driving the market. The regions have pushed up the demand for shotcrete/sprayed concrete so far.

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Furthermore, in future, there would be robust demand for the material from emerging countries in regions such as Asia Pacific, Middle East and Latin America. Emerging economies in Asia Pacific, especially countries like India and China, are already driving up demand for shotcrete/sprayed concrete for building underground roads and tunnels meant to tackle the menace of burgeoning population and traffic.

On account of lower ratio of water and cement used in shotcrete/sprayed concrete, it imparts strong durability and high mechanical strength to constructions. It is particularly suitable for new construction, underground construction, water-retaining structures, protective coatings, and free formed structures. To enhance the demand for their products even more, shotcrete/sprayed concrete manufacturers are developing innovative technologies and advanced equipment like robotic arm (remote-controlled spraying arm mounted on different carriers) for concrete application.

Transparency Market Research’s report on the global shotcrete/sprayed concrete market provides an overall view of the market landscape – key product segments, recent development in technologies and Porter’s five force model analysis which analyzes five competitive forces that shape every industry: competition, new entrants, suppliers, customers, and substitutes.

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The report also provides insights into key growth drivers, restraints, current market trends and market structure through distinctive graphics and exemplified SWOT analysis of major market segments. It further endeavors to provide market projection for coming six years so that companies can identify opportunities for growth and profit. A comprehensive analysis and detailed profiles of top industry players is presented in the report, which also includes a review of micro and macro factors affecting both established and new players, along with a detailed analysis of the market’s value chain.

Key players in the shotcrete/sprayed concrete market include Atlas Copco AB, BASF SE, CEMEX S.A.B. de C.V., Gunform International Limited, Kryton International Inc., Lkab Berg & Betong AB, Prestige Concrete Products, Sika AG, Tarmac Building Products Limited, and The Euclid Chemical Company.

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