Shotcrete Market SWOT Analysis by 2031
Analyst Perspective
The global shotcrete market is expected to register a CAGR of 7.7%. The shotcrete market is poised for growth due to increased awareness of its technical efficiency. Factors such as advancements in shotcrete technology, sustainable materials, rising demand in construction, and the use of sprayed concrete in various structures contribute to the expansion of the shotcrete market. The market is further driven by changing consumer preferences and lifestyles, leading to increased construction activities like dams, subways, highways, bridges, tunnels, and infrastructure projects. However, the shotcrete market faces challenges such as the high cost of materials and equipment, skilled labor shortages, and environmental concerns related to dust emissions. However, there are several opportunities for growth, such as the increasing adoption of sustainable shotcrete practices and the development of a new application for materials.
Market Overview
Shotcrete, also known as sprayed concrete, is sprayed onto a surface at high velocity. Its versatile material is used in various construction applications, from mining and tunneling to swimming pools and architectural structures. As the global population increases and urbanization continues, there is a rising demand for new infrastructure, such as roads, bridges, and tunnels. Shotcrete is a popular choice for these projects due to its strength, durability, and ease of application. Advances in shotcrete technology have led to the development of new materials and equipment that make it more efficient and cost-effective. Shotcrete offers several sustainability benefits, such as reduced waste generation and lower embodied carbon than traditional concrete.
Market Drivers
As cities sprawl, the need for efficient underground infrastructure like tunnels, metros, and basements escalates. Shotcrete's ability to rapidly reinforce and support structures in confined spaces makes it ideal for these projects. Shotcrete's exceptional strength, adaptability to various terrains, and ease of application make it the preferred choice for tunnel construction. Furthermore, Innovative robotic spraying systems are revolutionizing shotcrete applications. These automated systems improve precision, reduce worker exposure to hazards, and enhance efficiency. Developing eco-friendly shotcrete mixes containing recycled materials and reducing carbon footprint is gaining traction, aligning with the demand for construction practices.
Market Segmentation
The global shotcrete market is segmented based on process, system, and application. Based on the process, the shotcrete market is segmented into wet mix and dry mix. Based on system the shotcrete market is segmented into manual spraying and robotic spraying. Based on application, the shotcrete market is segmented into construction, protective coatings, water retaining structures, and others.
REGIONAL FRAMEWORK
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global shotcrete market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The shotcrete market by region is also sub-segmented by respective countries and segments. The shotcrete market report covers an analysis and forecast of 18 countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the shotcrete market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the shotcrete market in these regions.
Have a question?
Shejal
Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
The report provides a detailed industry overview, which includes qualitative and quantitative information. It gives information on an overview and forecast of the global shotcrete market based on several segments. It also provides market size and forecast estimates from 2021 to 2031 concerning five major regions: Europe, North America, Asia-Pacific (APAC), Middle East & Africa (MEA) and South & Central America. The shotcrete market by region is also sub-segmented by respective countries and segments. The shotcrete market report covers an analysis and forecast of 18 countries globally and the prevailing trends and opportunities in the region.
The report analyses factors affecting the shotcrete market from both the demand and supply side. Furthermore, it evaluates market dynamics during the forecast period, i.e., drivers, challenges, opportunities, and future trends. The report also provides an extensive Porter's Five Forces analysis highlighting factors affecting the shotcrete market in these regions.
MARKET PLAYERS
The reports cover vital organic and inorganic growth strategy developments in the shotcrete market. Various companies concentrate on organic growth strategies such as product launches, approvals, patents, and others. Inorganic growth strategies activities observed in the market were acquisitions, partnerships & collaborations. These activities have paved the way for the development of the business and customer base of market players. The market players in the shotcrete market are expected to have lucrative growth opportunities with the increasing demand for construction in the global market.
The report includes key companies' profiles, SWOT analysis, and shotcrete market strategies. The report also focuses on leading market players with information including components and services offered, company profiles, financial information for the last three years, and critical development in the past five years.
Below is a list of companies engaged in the Shotcrete Market.
- Sika AG
- ACS Group
- BASF SE
- Heidelberg Cement
- GCP Applied Technologies
- US Concrete
- Cemex S.A.B. De C.V.
- Lafarge Holcim Ltd
- The Euclid Chemical Company
- Lkab Berg & Betong AB
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Shotcrete Market - By Technique
1.3.2 Shotcrete Market - By Application
1.3.3 Shotcrete Market - By System
1.3.4 Shotcrete Market - By Region
1.3.4.1 By Country
2. KEY TAKEWAYS
3. RESEARCH METHODOLOGY
4. SHOTCRETE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. SHOTCRETE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. SHOTCRETE MARKET - GLOBAL MARKET ANALYSIS
6.1. SHOTCRETE - GLOBAL MARKET OVERVIEW
6.2. SHOTCRETE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SHOTCRETE MARKET - REVENUE AND FORECASTS TO 2028 - TECHNIQUE
7.1. OVERVIEW
7.2. TECHNIQUE MARKET FORECASTS AND ANALYSIS
7.3. WET MIX
7.3.1. Overview
7.3.2. Wet Mix Market Forecast and Analysis
7.4. DRY MIX
7.4.1. Overview
7.4.2. Dry Mix Market Forecast and Analysis
8. SHOTCRETE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. WATER SOLUBLE
8.3.1. Overview
8.3.2. Water Soluble Market Forecast and Analysis
8.4. OIL SOLUBLE
8.4.1. Overview
8.4.2. Oil Soluble Market Forecast and Analysis
9. SHOTCRETE MARKET - REVENUE AND FORECASTS TO 2028 - SYSTEM
9.1. OVERVIEW
9.2. SYSTEM MARKET FORECASTS AND ANALYSIS
9.3. MANUAL SPRAYING
9.3.1. Overview
9.3.2. Manual Spraying Market Forecast and Analysis
9.4. ROBOTIC SPRAYING
9.4.1. Overview
9.4.2. Robotic Spraying Market Forecast and Analysis
10. SHOTCRETE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Shotcrete Market Overview
10.1.2 North America Shotcrete Market Forecasts and Analysis
10.1.3 North America Shotcrete Market Forecasts and Analysis - By Technique
10.1.4 North America Shotcrete Market Forecasts and Analysis - By Application
10.1.5 North America Shotcrete Market Forecasts and Analysis - By System
10.1.6 North America Shotcrete Market Forecasts and Analysis - By Countries
10.1.6.1 United States Shotcrete Market
10.1.6.1.1 United States Shotcrete Market by Technique
10.1.6.1.2 United States Shotcrete Market by Application
10.1.6.1.3 United States Shotcrete Market by System
10.1.6.2 Canada Shotcrete Market
10.1.6.2.1 Canada Shotcrete Market by Technique
10.1.6.2.2 Canada Shotcrete Market by Application
10.1.6.2.3 Canada Shotcrete Market by System
10.1.6.3 Mexico Shotcrete Market
10.1.6.3.1 Mexico Shotcrete Market by Technique
10.1.6.3.2 Mexico Shotcrete Market by Application
10.1.6.3.3 Mexico Shotcrete Market by System
10.2. EUROPE
10.2.1 Europe Shotcrete Market Overview
10.2.2 Europe Shotcrete Market Forecasts and Analysis
10.2.3 Europe Shotcrete Market Forecasts and Analysis - By Technique
10.2.4 Europe Shotcrete Market Forecasts and Analysis - By Application
10.2.5 Europe Shotcrete Market Forecasts and Analysis - By System
10.2.6 Europe Shotcrete Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Shotcrete Market
10.2.6.1.1 Germany Shotcrete Market by Technique
10.2.6.1.2 Germany Shotcrete Market by Application
10.2.6.1.3 Germany Shotcrete Market by System
10.2.6.2 France Shotcrete Market
10.2.6.2.1 France Shotcrete Market by Technique
10.2.6.2.2 France Shotcrete Market by Application
10.2.6.2.3 France Shotcrete Market by System
10.2.6.3 Italy Shotcrete Market
10.2.6.3.1 Italy Shotcrete Market by Technique
10.2.6.3.2 Italy Shotcrete Market by Application
10.2.6.3.3 Italy Shotcrete Market by System
10.2.6.4 United Kingdom Shotcrete Market
10.2.6.4.1 United Kingdom Shotcrete Market by Technique
10.2.6.4.2 United Kingdom Shotcrete Market by Application
10.2.6.4.3 United Kingdom Shotcrete Market by System
10.2.6.5 Rest of Europe Shotcrete Market
10.2.6.5.1 Rest of Europe Shotcrete Market by Technique
10.2.6.5.2 Rest of Europe Shotcrete Market by Application
10.2.6.5.3 Rest of Europe Shotcrete Market by System
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Shotcrete Market Overview
10.3.2 Asia-Pacific Shotcrete Market Forecasts and Analysis
10.3.3 Asia-Pacific Shotcrete Market Forecasts and Analysis - By Technique
10.3.4 Asia-Pacific Shotcrete Market Forecasts and Analysis - By Application
10.3.5 Asia-Pacific Shotcrete Market Forecasts and Analysis - By System
10.3.6 Asia-Pacific Shotcrete Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Shotcrete Market
10.3.6.1.1 Australia Shotcrete Market by Technique
10.3.6.1.2 Australia Shotcrete Market by Application
10.3.6.1.3 Australia Shotcrete Market by System
10.3.6.2 China Shotcrete Market
10.3.6.2.1 China Shotcrete Market by Technique
10.3.6.2.2 China Shotcrete Market by Application
10.3.6.2.3 China Shotcrete Market by System
10.3.6.3 India Shotcrete Market
10.3.6.3.1 India Shotcrete Market by Technique
10.3.6.3.2 India Shotcrete Market by Application
10.3.6.3.3 India Shotcrete Market by System
10.3.6.4 Japan Shotcrete Market
10.3.6.4.1 Japan Shotcrete Market by Technique
10.3.6.4.2 Japan Shotcrete Market by Application
10.3.6.4.3 Japan Shotcrete Market by System
10.3.6.5 South Korea Shotcrete Market
10.3.6.5.1 South Korea Shotcrete Market by Technique
10.3.6.5.2 South Korea Shotcrete Market by Application
10.3.6.5.3 South Korea Shotcrete Market by System
10.3.6.6 Rest of Asia-Pacific Shotcrete Market
10.3.6.6.1 Rest of Asia-Pacific Shotcrete Market by Technique
10.3.6.6.2 Rest of Asia-Pacific Shotcrete Market by Application
10.3.6.6.3 Rest of Asia-Pacific Shotcrete Market by System
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Shotcrete Market Overview
10.4.2 Middle East and Africa Shotcrete Market Forecasts and Analysis
10.4.3 Middle East and Africa Shotcrete Market Forecasts and Analysis - By Technique
10.4.4 Middle East and Africa Shotcrete Market Forecasts and Analysis - By Application
10.4.5 Middle East and Africa Shotcrete Market Forecasts and Analysis - By System
10.4.6 Middle East and Africa Shotcrete Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Shotcrete Market
10.4.6.1.1 South Africa Shotcrete Market by Technique
10.4.6.1.2 South Africa Shotcrete Market by Application
10.4.6.1.3 South Africa Shotcrete Market by System
10.4.6.2 Saudi Arabia Shotcrete Market
10.4.6.2.1 Saudi Arabia Shotcrete Market by Technique
10.4.6.2.2 Saudi Arabia Shotcrete Market by Application
10.4.6.2.3 Saudi Arabia Shotcrete Market by System
10.4.6.3 U.A.E Shotcrete Market
10.4.6.3.1 U.A.E Shotcrete Market by Technique
10.4.6.3.2 U.A.E Shotcrete Market by Application
10.4.6.3.3 U.A.E Shotcrete Market by System
10.4.6.4 Rest of Middle East and Africa Shotcrete Market
10.4.6.4.1 Rest of Middle East and Africa Shotcrete Market by Technique
10.4.6.4.2 Rest of Middle East and Africa Shotcrete Market by Application
10.4.6.4.3 Rest of Middle East and Africa Shotcrete Market by System
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Shotcrete Market Overview
10.5.2 South and Central America Shotcrete Market Forecasts and Analysis
10.5.3 South and Central America Shotcrete Market Forecasts and Analysis - By Technique
10.5.4 South and Central America Shotcrete Market Forecasts and Analysis - By Application
10.5.5 South and Central America Shotcrete Market Forecasts and Analysis - By System
10.5.6 South and Central America Shotcrete Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Shotcrete Market
10.5.6.1.1 Brazil Shotcrete Market by Technique
10.5.6.1.2 Brazil Shotcrete Market by Application
10.5.6.1.3 Brazil Shotcrete Market by System
10.5.6.2 Argentina Shotcrete Market
10.5.6.2.1 Argentina Shotcrete Market by Technique
10.5.6.2.2 Argentina Shotcrete Market by Application
10.5.6.2.3 Argentina Shotcrete Market by System
10.5.6.3 Rest of South and Central America Shotcrete Market
10.5.6.3.1 Rest of South and Central America Shotcrete Market by Technique
10.5.6.3.2 Rest of South and Central America Shotcrete Market by Application
10.5.6.3.3 Rest of South and Central America Shotcrete Market by System
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. SHOTCRETE MARKET, KEY COMPANY PROFILES
12.1. ACS GROUP
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. BASF SE
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. CEMEX S.A.B. DE C.V.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. GCP APPLIED TECHNOLOGIES INC.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. HEIDELBERGCEMENT AG
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. LAFARGEHOLCIM
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. MAPEI S.P.A.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. NORMET
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. SIKA AG
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. U.S. CONCRETE, INC.
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies
1. ACS Group
2. BASF SE
3. CEMEX S.A.B. de C.V.
4. GCP Applied Technologies Inc.
5. HeidelbergCement AG
6. LafargeHolcim
7. MAPEI S.p.A.
8. Normet
9. Sika AG
10. U.S. Concrete, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For