Sprayed Concrete Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 9.29 Billion |
| Market Size (2029) | USD 12.73 Billion |
| CAGR (2024 - 2029) | 6.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
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*Disclaimer: Major Players sorted in no particular order |
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Sprayed Concrete Market Analysis
The Sprayed Concrete Market size is estimated at USD 9.29 billion in 2024, and is expected to reach USD 12.73 billion by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).
The COVID-19 impact on the sprayed concrete market varied depending on the region, project type, and economic conditions. While initial disruptions and challenges were significant, the market showed signs of resilience and even experienced some growth in specific areas. As the pandemic's effects continue to moderate, the long-term outlook for the sprayed concrete market remains positive, driven by its inherent advantages and continued advancements in technology and applications.
- The sprayed concrete market is driven by increasing demand from the construction sector by the combination of its versatility, strength, speed, efficiency, environmental benefits, and alignment with global infrastructure development trends.
- However, the environmental issues arising from the dust released in the dry-sprayed concrete process pose challenges to the studied market growth.
- Increasing research and development activities are likely to provide opportunities for the sprayed concrete (shotcrete) market over the next five years.
- Europe dominated the market across the globe and Asia-Pacific is expected to be the fastest-growing region over the forecast period.
Sprayed Concrete Market Trends
Increasing Demand From Construction Sector
- Sprayed concrete finds applications in a range of infrastructure projects. For instance, it's used to create strong seawalls and barriers along coastlines to protect against erosion and storm surges. Additionally, in the realm of transportation, it plays a role in constructing and fixing airport features like runways and terminals. Moreover, it's employed in the construction and improvement of underground facilities such as metro systems and parking garages.
- US cement companies produced 95Mt of cement in 2022, up by 2.2% year-on-year from 93Mt in 2021, according to the United States Geological Survey (USGS).
- Additionally, the US Census Bureau highlighted a surge in U.S. construction output, reaching USD 1,792 billion, up by over USD 166 billion from the previous year. This uptick in cement production signals promising prospects for the sprayed concrete market, suggesting potential growth and expanded opportunities.
- As per the National Bureau of Statistics of China, in 2022, the production volume of cement in China amounted to almost 2.13 billion metric tons and 2.33 billion metric tons in 2021 a 9% decline. The government announced to reduce the output, in order to address the production overcapacity in the cement sector. Despite this shift might still stimulate growth in the sprayed concrete market due to ongoing construction demands and an emphasis on construction efficiency and sustainability.
- In fiscal year 2022, Japan's construction industry, as per the Ministry of Finance, saw sales of about JPY 149.8 trillion (USD 1.15 trillion), a 9.6% rise from the previous year. With growing construction activities, there's heightened demand for versatile and efficient materials like sprayed concrete, especially for infrastructure, tunnels, and bridges.
- According to the Ministry of Finance (India), the real gross value added (GVA) in the construction industry in FY2023 surged by over 9%. In contrast, there were contractions of -8.6% in FY2021 and a growth of 10.7% in FY2022. The pandemic impacted the construction sector in 2021. However, signs of recovery are evident and expected to drive the sprayed concrete market during the forecast period.
- Underground applications of shotcrete include supplementing or replacing conventional support materials, such as lagging and steel sets, sealing rock surfaces, channeling water flows, and installing temporary support and permanent linings. Significantly growing expansion programs within the transportation and water/wastewater sectors are expected to provide a boost to the underground construction activities.
- All the aforementioned factors are expected to drive the sprayed concrete (shotcrete) market during the forecast period.
Asia-Pacific Region to Dominate the Market
- In 2022, According to the US Geological Survey, global cement production showed China as the leading producer with 2,100 million metric tons, followed by India at 370 million metric tons, and Vietnam at 120 million metric tons. All three leading producers are from the Asia-Pacific region, highlighting its dominance in the cement industry on a global scale.
- The mining and quarrying sector often requires infrastructure development for operations such as building tunnels, shafts, and underground structures. Sprayed concrete is essential in these applications due to its strength, durability, and adaptability to challenging environments.
- According to the General Statistics Office of Vietnam, in 2022, the mining and quarrying sector contributed approximately VND 268.1 trillion (USD 11.65 trillion) to the GDP, making up 2.82% of the nation's total GDP. This marks a significant rise from VND 206.2 trillion (USD 8.96 trillion), or 2.42% of the GDP, in 2021, indicating a 30% increase. With the expansion of the mining and quarrying sector, there is an increased demand for sprayed concrete in applications such as ground support, tunnel linings, and mine shafts.
- India's mining industry witnessed a growth of approximately 12% in FY2022, as reported by the Department for Promotion of Industry and Internal Trade (India).
- Additionally, as indicated by the Department for Promotion of Industry and Internal Trade (India), the annual growth rate for cement production in India saw positive shifts: 20.8% in FY2022, -10.8% in FY2021, and -0.9% in FY2020, reflecting a rebound from the pandemic's effects. This recovery trajectory is expected to have a positive impact on the Sprayed Concrete Market.
- As per the National Bureau of Statistics of China, the construction industry in China generated an output of over CNY 31 trillion (USD 4.61 trillion) in 2022, representing an increase of 10% of CNY 29.31 trillion (USD 4.36 trillion) compared to the previous year and there is an increase of almost 100% from a decade ago with a steady growth y-o-y. The growing construction sector broadens sprayed concrete's applications, from residential and commercial structures to specialized infrastructure, boosting its market demand and reach.
- According to MLIT (Japan), private sector building construction investment in Japan reached approximately JPY 37.1 trillion (USD 0.26 trillion) in fiscal year 2022, significantly influencing the sprayed concrete market. Additionally, projections suggest that private investment in building construction will maintain this level into fiscal 2023, indicating a sustained demand for sprayed concrete.
- Hence, all such market trends are expected to drive the demand for the sprayed Concrete (shotcrete) market in the Asia-Pacfic region during the forecast period.
Sprayed Concrete Industry Overview
The global sprayed concrete market is partially consolidated in nature. The major players (not in any particular order) include Sika, BASF SE, The Euclid Chemical Company, Cemex, and LKAB Berg & Betong among others.
Sprayed Concrete Market Leaders
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Sika
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BASF SE
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The Euclid Chemical Company
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Cemex
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LKAB Berg & Betong
*Disclaimer: Major Players sorted in no particular order
Sprayed Concrete Market News
December 2023: Sika's expansion of Sigunit® production in Kirchberg marks a pivotal moment for the sprayed concrete market, particularly in tunneling and stabilization. Localizing in Switzerland streamlines supply for major projects like the Gotthard road tunnel, boosting efficiency and slashing CO2 emissions with shorter transport routes. This move underscores a shift toward more sustainable and competitive sprayed concrete solutions, potentially influencing broader construction industry standards.
December 2023: Sika's new Technology Center in Suzhou, China, enhances its R&D capabilities in the Asia/Pacific region, emphasizing sustainable, high-performance technologies that could reshape the sprayed concrete market. By leveraging these innovations, Sika seeks to improve efficiency and durability in sprayed concrete applications, setting new standards for quality and sustainability in the region's construction industry.
November 2023: Cemex's use of Vertua lower-carbon concrete in the Cavalli Tower underscores a shift towards sustainable practices in the sprayed concrete market. With a 35% reduced carbon footprint, this move may boost demand for eco-friendly sprayed concrete, prompting competitors to prioritize greener innovations and redefine industry standards.
March 2023: Cemex's new lower carbon sprayed concrete in its Vertua range marks a significant step in the sprayed concrete market, catering to eco-conscious constructors of large-scale tunneling projects. This innovation sets a benchmark for sustainability, potentially reshaping industry standards and encouraging wider adoption of green construction practices.
Sprayed Concrete Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Demand from the Construction Sector
- 4.1.2 Growing Mining and Tunnel Activities
- 4.1.3 Other Drivers
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4.2 Restraints
- 4.2.1 Sprayed Concrete is Costlier than Traditional and Precast Concrete Types.
- 4.2.2 Environmental Issues Arising from the Dust Released in Dry Process
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
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5.1 Process
- 5.1.1 Wet Spraying
- 5.1.2 Dry Spraying
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5.2 End-User Industry
- 5.2.1 Infrastructure
- 5.2.2 Mining and Tunneling
- 5.2.3 Repair and Rehabilitation
- 5.2.4 Other End Users (Aerospace And Defense, Residential and Commercial Construction, and Environmental Applications)
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 France
- 5.3.3.4 Italy
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle-East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 BASF SE
- 6.4.2 Cemex
- 6.4.3 Custom Crete
- 6.4.4 Ductal
- 6.4.5 HeidelbergCement
- 6.4.6 JE Tomes & Associates Inc.
- 6.4.7 LKAB Berg & Betong
- 6.4.8 Sika
- 6.4.9 Target Products Ltd
- 6.4.10 The Euclid Chemical Company
- 6.4.11 The QUIKRETE Companies
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 Increasing R&D activities
- 7.2 Other Opportunities
Sprayed Concrete Industry Segmentation
Sprayed concrete, commonly referred to as shotcrete or gunite, is a versatile building material formed by projecting a blend of cement, aggregate, water, and additives onto a surface using pneumatic pressure. Essentially, it involves applying concrete via a high-pressure hose, providing distinct benefits over conventional poured concrete in certain applications.
The sprayed concrete market is segmented by process, end-user industry, and geography. By process, the market is segmented into wet spraying and dry spraying. By end-user industry, the market is segmented into infrastructure, mining and tunneling, repair and rehabilitation, and other end-users (aerospace and defense, residential and commercial construction, and environmental applications). The report also covers the market size and forecasts for the sprayed concrete market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on value (USD).
| Process | Wet Spraying | |
| Dry Spraying | ||
| End-User Industry | Infrastructure | |
| Mining and Tunneling | ||
| Repair and Rehabilitation | ||
| Other End Users (Aerospace And Defense, Residential and Commercial Construction, and Environmental Applications) | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| France | ||
| Italy | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle-East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle-East and Africa |
Sprayed Concrete Market Research FAQs
How big is the Sprayed Concrete Market?
The Sprayed Concrete Market size is expected to reach USD 9.29 billion in 2024 and grow at a CAGR of greater than 6% to reach USD 12.73 billion by 2029.
What is the current Sprayed Concrete Market size?
In 2024, the Sprayed Concrete Market size is expected to reach USD 9.29 billion.
Who are the key players in Sprayed Concrete Market?
Sika, BASF SE, The Euclid Chemical Company, Cemex and LKAB Berg & Betong are the major companies operating in the Sprayed Concrete Market.
Which is the fastest growing region in Sprayed Concrete Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Sprayed Concrete Market?
In 2024, the Europe accounts for the largest market share in Sprayed Concrete Market.
What years does this Sprayed Concrete Market cover, and what was the market size in 2023?
In 2023, the Sprayed Concrete Market size was estimated at USD 8.73 billion. The report covers the Sprayed Concrete Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sprayed Concrete Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Sprayed Concrete Industry Report
Statistics for the 2024 Sprayed Concrete market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sprayed Concrete analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
