Global Shotcrete Market 2025 – 2034

Reports Description

According to a report published by Custom Market Insights (CMI), the global shotcrete market size was estimated at USD 6.35 billion in 2021 and is expected to reach USD 7.15 billion in 2022, and is expected to hit around USD 12.8 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 8.0 % from 2022 to 2030.

Shotcrete is also identified as gunite concrete applied by spraying and exhibits in wet and dry mix concrete that is pneumatically propelled at high velocity through a hose and nozzle that does not require conventional forming. Generally, shotcrete is a mixture of aggregate and Portland cement, conveyed by compressed air to the nozzle of a spray gun, where water is added. It has a wide range of applications in various end-use industries, including building & construction, underground construction, residential, commercial, and others. In addition, shotcrete material makes the building structure less porous, which increases the bond strength and helps lower the construction time and costs.

Growth Factors

The growing use of shotcrete in building & construction sectors will aid the market growth.

Shotcrete material is very agile because it is widely used in repair and construction activities. In response to this, increasing demand from the building & construction sector is one of the key factors responsible for the growth of the global shotcrete market. 

Shotcrete is preferred over conventional concrete because of its low volatile organic content. Shotcrete is used extensively in construction as it is resistant to corrosion, scratch, chemical spill, and others. For instance, according to an article published by Invest India in the year July 2022, the construction industry is expected to reach $1.4 trillion by 2025. Furthermore, advancement in shotcrete technology and the available raw material has spurred the usage of spray shotcrete. These factors are anticipated to increase the demand for shotcrete in the construction sector.  

Furthermore, proliferating growth of the residential and commercial sectors has witnessed significant growth in the shotcrete market. The growing population has arisen the need for building and construction activity which is significantly increased the overall demand for sprayed shotcrete due to its ease of operation. These factors are increasing the demand for the shotcrete market in the upcoming years. Moreover, the shotcrete market growth is boosted owing to the increase in underground, ground construction, and mining activities across the globe.

Shotcrete Market: Segmental Insights

Segmented based on Technique 

The shotcrete market is segmented into the wet and dry mix depending on the Technique.

The wet mix segment dominated the market in 2021 and is expected to grow over the forecast period. In the wet mix, shotcrete ingredients, including water, are mixed before the delivery hose, and compressed air is introduced to the material flow at the nozzle. Furthermore, the water holding capacity in the wet mix is more than in the dry mix, and the wet-mix method provides more control over the shotcrete mix, reducing rebound compared to the dry-mix method. These factors are escalating the demand for the wet mix shotcrete segment during the forecast period.

Furthermore, the wet mix shotcrete technique is preferred over the dry mix owing to its various benefits, such as controlling water content, easy spraying, and adding mixtures per design requirements during the mix preparation. These factors are coupled together to enhance the demand for the wet mix shotcrete technique.

The segment based on the Application

Based on Application, the global shotcrete market is studied as underground construction, inground swimming pool, water retaining structure, protective coating, and repair works. It is expected that the global underground constructions segment to hold a dominant position during 2022 -2030.

The increase in underground construction activities, rise in economic development, urbanization, a surge in underground transport, government initiation and investment in the construction activity, rise in shotcrete technological efficiency, and increase in mining and tunneling activities drive the overall market growth.

Furthermore, underground space development is susceptible to extreme geological conditions, harmful gas outbursts, high-ground stress, and rock bursts. Shotcrete is a well-known method for installing permanent structural lining for non-uniform surfaces in underground construction. In addition, shotcrete excels in tunnel applications since conventional methods require the use of heavy structures, including steel, that has limited flexibility. This is anticipated to increase the demand for the shotcrete market in the underground construction segment.

Moreover, shotcrete usage in underground construction has increased because contractors can install it more quickly and efficiently than traditional cast-in-place concrete systems and advancements in technology and ease of operation will boost the market growth.

The segment on the basis of the System

Based on the System, the global shotcrete market is studied as manual and robotic spraying. It is expected that the global robotic spraying system segment to hold a dominant position during 2022 -2030. 

Robotic spraying dominates the shotcrete market and is expected to remain the dominant segment during the forecast period. Robotic spraying offers various advantages over a manual system. The demand for robotic shotcrete technique is driving the market growth owing to the use of mechanized equipment with robotic arm offers various advantages, including a high-quality mixture with linear support. This is because in a robotic or mechanized wet mix, spraying the water to cement ratio is automatically controlled by a robotic arm that provides high strength. In response to this, robotic spraying requires less workforce, due to which it can work with two workers compared to the manual spraying system. These factors are escalating the overall growth of robotic spraying systems in the shotcrete market.
Report Scope

Regional Insights

Region-wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA. Europe is the dominant region in the shotcrete market. Countries such as Germany, France, Russia, the U.K., and others have contributed significantly to the growth of the shotcrete market in the region.

Key factors for the growth in Europe are growing building and construction activities, repair works, tunnel projects, mining & extraction. For instance, according to an article published by Putzmeister in 2022, Cross rail is a new railway link that will dramatically cut traveling times within London and is currently Europe’s largest infrastructure project with a total price tag of £14.8 billion. These factors enhance the shotcrete techniques and system during the forecast period.

Furthermore, the utilization of shotcrete has increased in the sectors such as building & construction, and others are key market trends in the North American region.

Shotcrete techniques have been used widely for decades for various applications, including new construction, infrastructure rehabilitation, ground support, support for underground openings, and many others. For instance, according to a report published by Mining engineering in June 2021, the underground subway project will extend the Metro Purple Line from its terminus in Korea town to Westwood/V.A. Hospital in West Los Angeles. Section 1 is expected to be completed in2023, Section 2 in 2025, and Section 3 in 2027. These ongoing activities in North America boost the overall shotcrete market.

 Moreover, China’s bridge, tunnel, and construction activity are expected to grow rapidly. The rapid increase in population, industrialization, urbanization and government support for the construction sector has spurred the overall market growth. For instance, according to an article published by IBIS World in the year March 2022, the bridge, tunnel, and subway construction industry in China has been growing rapidly over the past five years, where industry revenue is expected to rise at an annualized 9.7% over the five years through 2022. In addition, Industry firms are set to generate $1.6 trillion in 2022.

The industry is generally profitable as the government controls many construction enterprises, particularly large-scale firms, and assists firms with preferable policies.

Key Market Players in the Shotcrete Market

• BASF SE
• Sika AG
• HeidelbergCement AG
• Cemex S.A.B. de C.V.
• K.P.M. Industries Ltd
• Euclid Chemical Company
• LKAB Berg & Betong AB
• Quikrete Companies Inc.
• U.S. Concrete, Inc.
• LafargeHolcim
• Normet Group
• GCP Applied Technologies
• Cemex S.A.B. De C.V.
• Mapei S.P.A.
• Grupo ACS

COVID-19 Analysis

The novel coronavirus is an incomparable global pandemic that has spread to over 180 countries and caused huge losses of lives and the economy around the globe. The guidelines and policies of the logistics and supply chain of the shotcrete products were affected remarkably.

In addition, the falling income of customers has led to a contraction in demand for shotcrete products from building and construction, underground construction, inground swimming pool, water retaining structure, protective coating, repair works, and other end-use industries during the COVID-19 period. Moreover, declining sales in the building and construction sector during 2020 have halted the growth of the shotcrete market. However, the vaccination programs and lifting of lockdowns are expected to propel the shotcrete market growth in 2021.

In addition, as the restrictions imposed due to lockdowns are being lifted in the fourth quarter of the pandemic, the building & construction, repair works, underground & tunnel construction, and the manufacturing sector is expected to recover soon owing to the record of a shotcrete production unit in both developed and developing economies.

Segments Covered In the Report

By Technique

• Wet Mix
• Dry Mix

By System

• Manual
• Robotic Spraying

By Application

• Underground Construction
• Inground Swimming Pool
• Water Retaining Structure
• Protective Coating
• Repair Works

On the basis of Geography

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America