Sprayed Concrete (Shotcrete) Market Size (2024 - 2029)

The sprayed concrete market is projected to experience significant growth, driven by rising demand in the construction sector due to its versatility, strength, and efficiency. Despite challenges posed by environmental concerns related to dust emissions in the dry-sprayed process, the market's expansion is supported by technological advancements and increased research and development activities. The market's resilience was evident during the COVID-19 pandemic, with varying impacts across regions. Europe currently leads in market share, while the Asia-Pacific region is anticipated to be the fastest-growing area in the coming years.

Market Size of Sprayed Concrete (Shotcrete) Industry

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Sprayed Concrete Market - Market Summary
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

Major Players

Sprayed Concrete Market - Key Players

*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 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
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Sprayed Concrete (Shotcrete) Market Size Summary

The sprayed concrete market is poised for significant growth, driven by its increasing application in the construction sector. This growth is attributed to the material's versatility, strength, and efficiency, which align well with global infrastructure development trends. Despite challenges such as environmental concerns related to dust emissions during the dry-sprayed process, ongoing advancements in technology and applications are expected to bolster market expansion. The market's resilience was evident during the COVID-19 pandemic, with specific regions and project types experiencing growth despite initial disruptions. The long-term outlook remains positive, with Europe currently dominating the market and Asia-Pacific anticipated to be the fastest-growing region.

Sprayed concrete is extensively used in various infrastructure projects, including seawalls, airport runways, and underground facilities like metro systems and parking garages. The demand for sprayed concrete is further supported by the expansion of the mining and quarrying sectors, which require robust materials for tunnel linings and ground support. The Asia-Pacific region, particularly China, India, and Vietnam, plays a crucial role in the global cement industry, which in turn fuels the sprayed concrete market. Major industry players, such as Sika and Cemex, are focusing on sustainable and innovative solutions, which are expected to set new standards and drive demand in the market. These trends indicate a promising future for the sprayed concrete industry, with continued growth and opportunities anticipated over the forecast period.

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Sprayed Concrete (Shotcrete) Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand from the Construction Sector

      2. 1.1.2 Growing Mining and Tunnel Activities

      3. 1.1.3 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Sprayed Concrete is Costlier than Traditional and Precast Concrete Types.

      2. 1.2.2 Environmental Issues Arising from the Dust Released in Dry Process

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Threat of New Entrants

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Bargaining Power of Suppliers

      4. 1.4.4 Threat of Substitute Products

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Process

      1. 2.1.1 Wet Spraying

      2. 2.1.2 Dry Spraying

    2. 2.2 End-User Industry

      1. 2.2.1 Infrastructure

      2. 2.2.2 Mining and Tunneling

      3. 2.2.3 Repair and Rehabilitation

      4. 2.2.4 Other End Users (Aerospace And Defense, Residential and Commercial Construction, and Environmental Applications)

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 France

        4. 2.3.3.4 Italy

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle-East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle-East and Africa

Sprayed Concrete (Shotcrete) Market Size FAQs

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.

In 2024, the Sprayed Concrete Market size is expected to reach USD 9.29 billion.

Sprayed Concrete Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)