Market Overview

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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Market Dynamics

Growing urbanization and increasing traffic are prime challenges in the urban transport system. The construction and expansion of the city metro system contributes towards traffic, economic, congestion, social development, and environment friendly and attract community to opt public transport. For instance, metro became the most popular and used urban transport in most developed regions. For instance, number of passengers in Austria metro rise from 811 million in 2009 to 875 million in 2011. Moreover, Asia Pacific is expected to be the fastest growing market for shotcrete during 2017-2025, according to the stats provided by Coherent Market Insights. Growing underground tunnels, roads and metro activities to provide sustainable, economic and reliable transport to the rapidly growing population of Asia Pacific. For instance, in India 546 km of metro rail project for 11 cities are under construction and 903 kms for 13 cities are under consideration is expected to propel demand for shotcrete during 2017-2025.

Detailed Segmentation:

Global Shotcrete Market, By Process:

Wet-Mix

Dry-Mix

Global Shotcrete Market, By System:

Robotic

Manual

Global Shotcrete Market, By Application:

Underground Construction

Water Retaining Structures

Repair Works

Protective Coatings

Others

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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