#Shotcrete/Sprayed Concrete Market analysis

[pearlsmith25]

Shotcrete Accelerator Market Survey: 2023, Growth Insights, Segment Analysis and Advancement Outlook 2030

The shotcrete accelerator market refers to the global market for materials and additives used to accelerate the setting and hardening process of shotcrete, a construction material commonly used in applications such as tunneling, mining, and construction. Shotcrete, also known as sprayed concrete or gunite, is a mixture of cement, aggregates, and water that is pneumatically projected at high velocity onto a surface.

Shotcrete accelerators are chemical admixtures that are added to the shotcrete mixture to enhance its early strength development and reduce the setting time. These accelerators enable rapid concrete placement, improve construction productivity, and provide early structural support. Shotcrete accelerators can be classified into two types: non-alkali and alkali-based accelerators.

Key Factors Driving the Shotcrete Accelerator Market:

Growing Infrastructure Development: Increasing investments in infrastructure projects such as tunnels, bridges, and underground constructions are driving the demand for shotcrete accelerators. The need for efficient and rapid construction techniques is fueling the market growth.

Advantages of Shotcrete: Shotcrete offers several advantages over traditional concrete, including reduced construction time, improved strength, and better resistance to seismic activities. The utilization of shotcrete accelerators further enhances these benefits, making shotcrete an attractive choice in the construction industry.

Expansion of Mining Activities: The mining sector extensively uses shotcrete for ground support and stabilization. With the growth of mining activities worldwide, the demand for shotcrete accelerators is expected to rise.

Technological Advancements: Ongoing research and development activities in the field of shotcrete accelerators are leading to the development of advanced products that offer better performance, compatibility, and environmental sustainability.

Market Segmentation:

The shotcrete accelerator market can be segmented based on type, application, and region.

By Type:

Alkali-Free Accelerators: These are non-alkali-based shotcrete accelerators, which are widely used due to their compatibility with various cement types. Alkali-Based Accelerators: These accelerators contain alkali compounds and are primarily used for dry-mix shotcrete applications.

By Application:

Underground Construction: This segment includes shotcrete applications in tunneling, mining, and underground excavation projects. Water Retaining Structures: Shotcrete accelerators are utilized in the construction of water reservoirs, swimming pools, dams, and canals. Repair Works: Shotcrete is often used for structural repairs, rehabilitation, and strengthening of existing structures, such as bridges and buildings. Protective Coatings: Shotcrete with accelerators can be used to provide protective coatings against erosion, abrasion, and chemical attack.

By Region:

North America: The United States and Canada are major markets due to infrastructure development and mining activities. Europe: Countries like Germany, France, and the United Kingdom witness significant demand for shotcrete accelerators in tunneling and construction projects. Asia Pacific: Rapid urbanization, infrastructure investments, and mining activities in countries like China, India, and Australia drive the market growth in this region. Latin America: Brazil, Mexico, and Chile are prominent markets in the region due to mining operations and infrastructure projects. Middle East and Africa: The market is driven by infrastructure development, underground mining, and oil and gas projects in countries like Saudi Arabia, South Africa, and the UAE.

Key Players:

Prominent companies operating in the shotcrete accelerator market include Sika AG, BASF SE, GCP Applied Technologies, Mapei S.p.A., Denka Company Limited, Normet Group, Fosroc International Limited, Euclid Chemical Company, Sika Corporation, and Muhu Construction Materials Co. Ltd.

These companies are focused on product development, strategic collaborations, and expanding their distribution networks to gain a competitive edge in the market.

Overall, the shotcrete accelerator market is expected to witness steady growth in the coming years, driven by infrastructure development, mining activities, and advancements in shotcrete technology.

[kiranadhavmarketstudy]

Shotcrete-Sprayed Concrete Market 2022 Share Growing Rapidly with Recent Trends, Development, Revenue, Demand and Forecast to 2028

The main aim of the Shotcrete-Sprayed Concrete report is to give the map of the growth for the Shotcrete-Sprayed Concrete market that will help in providing the clients with the required information for the formulation strategies to meet their respective business goals. The report also provides deep knowledge of the Shotcrete-Sprayed Concrete for the previous year as well as for the forecast years and what the CAGR level of the market is going to be. This report is a synopsis of what the market conditions are going to be while also giving information regarding the market’s definition, classifications, applications, and engagements are. This report also aims to analyze the Shotcrete-Sprayed Concrete market’s developments including the market improvement, market position, and others which are usually done by the prominent players and brands of the manufacturing and construction industry. This report also consists of all the market drivers and restraints which are obtained through SWOT analysis. The report also has the CAGR values of the Shotcrete-Sprayed Concrete market for the base years 2021, the historic year 2020, and forecast years 2021-2028.

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The Shotcrete-Sprayed Concrete market report provides information and statistics on market shares, size, restraining factors, and driving factors for the forecast period 2021 to 2028. It also mentions the role of main market players in the manufacturing and construction industry. The report on Shotcrete-Sprayed Concrete market evaluates the value of the market report, keeping in mind the application and regional segments, market share, and size while forecasting the market for each product type and application of the Shotcrete-Sprayed Concrete market in different segments of the report. The research report also mentions some sections of the Shotcrete-Sprayed Concrete market including opportunities, growth, trend, size, demand, and technology used by prominent players of the market. Then, it gives detailed profiles of the key players as a part of the competitive landscape of the Shotcrete-Sprayed Concrete market.

The study of the report divides it into several sub-segments and represents the whole manufacturing and construction industry. An estimation of the revenue generated by the entire manufacturing and construction industry and its sub-segments are also provided in the report. It decides the factors that affect the demand of the manufacturing and construction industry rapidly, including methods of development, growth networks, and the product model. The report also points out the greatest prospects for the growth of the manufacturing and construction market such as forecasting the growth of the market, the launch of new goods, and analysis of the product demand, purchase decisions, several economic factors that are important to determine the trend of Shotcrete-Sprayed Concrete market, and the attractiveness of the market. The report on the Shotcrete-Sprayed Concrete market will help in assisting the stakeholders in identifying high-potential customers, such as distributors and manufacturers.

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[reportsandmarkets]

Shotcrete/Sprayed Concrete Market – Industry Analysis, Size and Forecast 2018 – 2025, Share, Growth, Trends

Shotcrete/Sprayed Concrete Market – Industry Analysis, Size and Forecast 2018 – 2025, Share, Growth, Trends

United States Shotcrete/Sprayed Concrete Industry  provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Shotcrete/Sprayed Concrete Market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status.

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Shotcrete/Sprayed Concrete Market Expectations & Growth Trends Highlighted Until 2027

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Global Shotcrete-Sprayed Concrete Market Share, Growth By Top Company, Region, Applications, Drivers, Trends & Forecast To 2021-2028

In 2021, the Global Shotcrete-Sprayed Concrete Market’s size was valued at USD 2.98 billion and is estimated to reach USD 6.98 billion by 2028 and is expected to be growing at a CAGR of 6.8 % throughout the forecast period. In this report, 2021 has been taken as the base year while 2020 is the historical year. The forecast year for the report is 2028 to approximate the size of the market for Shotcrete-Sprayed Concrete

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 Overview of Report

The Shotcrete-Sprayed Concrete market report provides information and statistics on market shares, size, restraining factors, and driving factors for the forecast period 2021 to 2028. It also mentions the role of main market players in the manufacturing and construction industry. The report on Shotcrete-Sprayed Concrete market evaluates the value of the market report, keeping in mind the application and regional segments, market share, and size while forecasting the market for each product type and application of the Shotcrete-Sprayed Concrete market in different segments of the report. The research report also mentions some sections of the Shotcrete-Sprayed Concrete market including opportunities, growth, trend, size, demand, and technology used by prominent players of the market. Then, it gives detailed profiles of the key players as a part of the competitive landscape of the Shotcrete-Sprayed Concrete market.

 The Report Provides Insights on The Following Pointers:

·         It gives a forecast analysis of factors that are driving or restraining the development of the Shotcrete-Sprayed Concrete market.

·         The report gives a seven-year forecast value evaluated on the basis of the current market performance of the manufacturing and construction industry.

·         It helps in understanding the main segments of the products and their future.

·         The report gives a deep analysis of changing competition in the market which keeps you ahead of your competitors.

·         The report gives the market definition of the Shotcrete-Sprayed Concrete market along with the analysis of different factors influencing the market such as drivers, opportunities, and restraints.

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[arorasurbhi]

Expected Growth, Market Analysis, And Regional Analysis Of Shotcrete Market

Shotcrete:

Shotcrete is a specialty concrete sprayed at high speeds onto a building's surface using a sealed, pressure-resistant hose. Shotcrete/sprayed concrete is applied using a versatile and cost-effective technology. The concrete mix is hydrated with water and sprayed onto the substrate with a spraying nozzle. Shotcrete/Sprayed concrete has several benefits over traditional concrete. First, they provide constructions with exceptional mechanical strength and longevity. Second, they use a lower water-to-cement ratio, which results in strong compressive strength and dense compaction.

Market Analysis:

After rising at a CAGR of 7.5 percent from 2020 to 2025, the Shotcrete Market is expected to reach $8.4 billion by 2025. The market would be driven by rising subterranean building activities, rapid economic development and urbanization, underground transportation, shotcrete technology efficiency, and mining and tunneling operations. Furthermore, increasing the construction of free-form structures such as sculptures, theme park elements, climbing walls, and water-retaining structures such as river and sea walls, dams, storage reservoirs, swimming pools, canal lines, and water towers will open up new opportunities for the global Shotcrete market to expand.

Read More: https://coherentmarketblogs.blogspot.com/2021/08/the-shotcrete-market-is-expected-to.html

[takingcareofoneself]

The global shotcrete market was worth $4,441 million in 2015, and it is predicted to expand at an annual rate of 8.6% to $7,819 million by 2022. Shotcrete concrete is a spraying technology for reducing or eliminating the problems of traditional concrete. The global shotcrete market is categorised by system, technique, application, and geography, among other factors. The shotcrete market is divided into two categories based on spraying systems: manual and robotic.

[databridgemarket456]

Global Shotcrete/Sprayed Concrete Market – Industry Trends and Forecast to 2027

Shotcrete/sprayed concrete market will reach an estimated valuation of USD 13.28 billion by 2027, while registering this growth at a rate of 8.10% for the forecast period of 2020 to 2027. Increasing demand for low cost housing is expected to create new opportunity for the market.

 

Global Shotcrete/Sprayed Concrete Market Scope and Market Size

Shotcrete/sprayed concrete market is segmented of the basis of process, application and system. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

Based on process, the shotcrete/sprayed concrete market is segmented into wet mix shotcrete process and dry mix shotcrete process.

The application segment of the shotcrete/sprayed concrete market is divided into underground construction, water retaining structures, repair works, protective coatings and others.

On the basis of system, the shotcrete/sprayed concrete market is segmented into robotic spraying system and manual system.

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Market Analysis and Insights: Global Shotcrete/Sprayed Concrete Market

Shotcrete/sprayed concrete market will reach an estimated valuation of USD 13.28 billion by 2027, while registering this growth at a rate of 8.10% for the forecast period of 2020 to 2027. Increasing demand for low cost housing is expected to create new opportunity for the market.

Increasing awareness about the technical efficiency of shotcrete is expected to enhance the market growth. Some of the other factors such as advancement in the shotcrete technology & raw materials, sustainability of shotcrete materials, growing demand from construction & infrastructure industry, and increasing usage in manufacturing of domes, barrel vaulting, bank vaults and others will further drive the shotcrete/sprayed concrete market in the forecast period of 2020 to 2027.

Lack of skilled & trained professionals and challenges associated with the transportation of concrete mix is expected to hamper the market growth in the mentioned forecast period.

This shotcrete/sprayed concrete market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on Data Bridge Market Research shotcrete/sprayed concrete market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Shotcrete/Sprayed Concrete Market Country Level Analysis

Shotcrete/sprayed concrete market is analysed and market size, volume information is provided by country, process, application and system as referenced above.

The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Shotcrete/Sprayed Concrete Market Share Analysis

Shotcrete/sprayed concrete market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to shotcrete/sprayed concrete market.

Major players covered in the shotcrete/sprayed concrete market

The major players covered in the shotcrete/sprayed concrete market report are BASF SE, CEMEX S.A.B. de C.V., Sika AG, GCP Applied Technologies Inc., The Euclid Chemical Company, KPM Industries Ltd., The QUIKRETE Companies, Ductal, and LafargeHolcim among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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MAJOR TOC OF THE REPORT

Chapter One: Introduction

Chapter Two: Market Segmentation

Chapter Three: Market Overview

Chapter Four: Executive Summary

Chapter Five: Premium Insights

Chapter Six: shotcrete/sprayed concrete market

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[abhijeetpawar22]

Shotcrete-sprayed Concrete Market 2020 Size, Global Trends, Comprehensive Research Study, Development Status, Opportunities, Future Plans, Competitive Landscape and Growth by Forecast 2026

Global Shotcrete-sprayed Concrete Market Size study report with COVID-19 effect is considered to be an extremely knowledgeable and in-depth evaluation of the present industrial conditions along with the overall size of the Shotcrete-sprayed Concrete industry, estimated from 2020 to 2025. The research report also provides a detailed overview of leading industry initiatives, potential market share of Shotcrete-sprayed Concrete, and business-oriented planning, etc. The study discusses favorable factors related to current industrial conditions, levels of growth of the Shotcrete-sprayed Concrete industry, demands, differentiable business-oriented approaches used by the manufacturers of the Shotcrete-sprayed Concrete industry in brief about distinct tactics and futuristic prospects.

Major Players Covered in this Report are: Mapei, HeidelbergCement, Sika, LKAB, U.S. Concrete, GCP Applied Technologies, LafargeHolcim, BASF, Votorantim Cimentos, The Quikrete Companies, KPM Industries, The Euclid Chemical Company, CEMEX, Natural Cement Distribution

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The Shotcrete-sprayed Concrete Market study report analyses the industry's growth patterns through Past Research and forecasts potential prospects based on comprehensive analysis. The report provides extensive market share, growth, trends , and forecasts for the 2020–2025 period. The study offers key information on the Shotcrete-sprayed Concrete market status, which is a valuable source of advice and guidance for companies and individuals involved in the industry.

The research report will concentrate on leading global players in the Shotcrete-sprayed Concrete market report, which includes details such as company profiles, product picture and specification, creation of R&D, distribution & production capability, distribution networks, quality , cost, revenue and contact information. The study report discusses legal strategies, and product development between the industry dynamics that are leading and growing and coming.

Market Segmentation:

The report is divided into major categories comprising product, distribution channel, application, and end users. Every segment is further sub-segmented into several sub-segmented that are deeply analyzed by experts to offer valuable information to the buyers and market players. Every segment is studied thoroughly in order to offer a better picture to the buyers and stakeholders to benefit from. Information like highest prevailing product, highly demanded product by the application segment and end users are rightly mentioned in the Shotcrete-sprayed Concrete report.

Market Breakdown Data by Types:

Dry Mix

Wet Mix

Market Breakdown Data by Applications:

Protective Coatings

Underground Construction

Water-Retaining Structures

Repair Works

Others

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Regional Insights:

The Shotcrete-sprayed Concrete market is segmented as North America, South America, Europe, Asia Pacific, and Middle East and Africa. Researchers have thoroughly studied about the historical market. With extensive research, experts have offered details on the current and the forecast demand made by these regions. The Shotcrete-sprayed Concrete report also includes highlights on the prevailing product demanded by end users and end customers for better understanding of product demand by producers. This will help the producers and the marketing executives to plan their production quantity and plan effective marketing strategies to more buyers. Businesses can hence, increase their product portfolio and expand their global presence. Shotcrete-sprayed Concrete market research report further offers information on the unexplored areas in these regions to help the producers to plan promotional strategies and create demand for their new and updated products. This will again help the manufacturers to increase their customers and emerge as leaders in the near future.

In this study, the years considered to estimate the market size of Shotcrete-sprayed Concrete are as follows:

History Year2015-2019

Base Year2020

Estimated Year2020

Forecast Year2020-2025

Research Objectives

To study and analyze the global Shotcrete-sprayed Concrete consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2025.

To understand the structure of Shotcrete-sprayed Concrete market by identifying its various sub-segments.

Focuses on the key global Shotcrete-sprayed Concrete manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.

To analyze the Shotcrete-sprayed Concrete with respect to individual growth trends, future prospects, and their contribution to the total market.

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Global Shotcrete/Sprayed Cement Market

The report forecast global Shotcrete/Sprayed Cement market to grow to reach xxx Million USD in 2019 with a CAGR of xx% during the period 2020-2025 due to coronavirus situation. The report offers detailed coverage of Shotcrete/Sprayed Cement industry and main market trends with impact of coronavirus. The market research includes historical and forecast market data, demand, application details, price trends, and company shares of the leading Shotcrete/Sprayed Cement by geography. The report splits the market size, by volume and value, on the basis of application type and geography. First, this report covers the present status and the future prospects of the global Shotcrete/Sprayed Cement market for 2015-2024. And in this report, we analyze global market from 5 geographies: Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia], Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland], North America[United States, Canada, Mexico], Middle East & Africa[GCC, North Africa, South Africa], South America[Brazil, Argentina, Columbia, Chile, Peru]. At the same time, we classify Shotcrete/Sprayed Cement according to the type, application by geography. More importantly, the report includes major countries market based on the type and application. Finally, the report provides detailed profile and data information analysis of leading Shotcrete/Sprayed Cement company. Key Content of Chapters as follows (Including and can be customized) : Part 1: Market Overview, Development, and Segment by Type, Application & Region Part 2: Company information, Sales, Cost, Margin etc. Part 3: Global Market by company, Type, Application & Geography Part 4: Asia-Pacific Market by Type, Application & Geography Part 5: Europe Market by Type, Application & Geography Part 6: North America Market by Type, Application & Geography Part 7: South America Market by Type, Application & Geography Part 8: Middle East & Africa Market by Type, Application & Geography Part 9: Market Features Part 10: Investment Opportunity Part 11: Conclusion Market Segment as follows: By Region Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia] Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland] North America[United States, Canada, Mexico] Middle East & Africa[GCC, North Africa, South Africa] South America[Brazil, Argentina, Columbia, Chile, Peru] Key Companies BASF Cemex Sika LafargeHolcim HeidelbergCement KPM Industries The Euclid Chemical LKAB Berg & Betong AB Quikrete Companies Customcrete US Concrete Products Target Products JE Tomes & Associates Five Star Products Market by Type Wet Spraying Dry Spraying Market by Application Underground Mining Water Recreational Activities Protective Coatings Refractory Others

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[chemicaltrend]

North America Shotcrete Equipment Market Global Market Revenue and Share by Manufacturers 2027

According to the report published by Allied Market Research, the North America shotcrete equipment market generated $612.4 million in 2019, and is estimated to reach $785.1 million by 2027, registering a CAGR of 4.9% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.

Surge in demand for transportation, underground excavations, concrete repair works, and hard rock mining across the region drive the growth of the North America shotcrete equipment market. However, high expenditure cost associated with transportation of concrete mix is anticipated to restrain the growth of the market. Furthermore, growing demand for low cost housing is expected to provide new growth opportunities in the next few years.

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Covid-19 scenario:

Shotcrete     equipment manufactrurers acoss North America have halted their production     activities due to disrupted supply of components amid lockdown due to     Covid-19 pandemic.

The     building and construction activities across the region especially in U.S.     have been halted amid the lockdown. Due to this, the demand for shotcrete     equipment is anticipated to decline.

The report offers a detailed segmentation of the North America shotcrete equipment market based on technique, system, application, equipment, and country.

Based on technique, the wet mix segment contributed to the largest share in 2019, accounting for more than three-fourths of the total share, and is estimated to maintain its dominant position during the forecast period. In addition, it is estimated to portray the highest CAGR of 4.9% during the forecast period.

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Based on system, the robotic spraying segment accounted for the largest share in 2019, holding nearly four-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. In addition, it is projected to register the highest CAGR of 4.9% from 2020 to 2027.

Based on country, the U.S. contributed the highest share, accounting for nearly four-fifths of the total market share in 2019, and will maintain its dominance throughout the forecast period. However, Canada is expected to grow at the highest CAGR of 5.1% from 2020 to 2027.

Leading market players analyzed in the research include Cemen Tech Inc., Mesa Industries, Inc (Airplaco and Gunite Supply), CCS Group LLC, Sany Group, Cancrete Equipment Ltd., RFI Construction Products, Blastcrete Equipment, LLC, Reed Shotcrete Equipment, Structural Shotcrete Systems, Inc., and Western Shotcrete Equipment.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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[industryreportinsights]

Shotcrete Market - Insights, Opportunity Analysis, and Industry Forecast till 2025

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.

The global shotcrete market size was valued at US$ 5,612.73 million and 19,140.94 TCM in 2016 and is expected. The market is expected to expand at a CAGR of 8.1% in terms of revenue and 8.3% in terms of volume during 2017 – 2025.

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Growing underground constructions activities, to boost the market growth

Europe, followed by Asia Pacific and North America, respectively, accounted for major share in the global shotcrete market both in terms of revenue and volume in 2016 and the trend is expected to remain the same over the forecast period. In 2016, Europe held a share of 36.75% in terms of volume, followed by Asia Pacific (25.85%). The growing infrastructure development activities in Asia Pacific to support burgeoning population creates a highly conducive environment for growth of the market. The recent past has witnessed a spurt in tunneling activities, rapid urbanization and growing deployment of metro rail projects, especially in Asia Pacific. According to a study conducted by Coherent Market Insights, the global underground construction market is expected to witness a CAGR of 8.2% from 2017 to 2025 which in turn is expected to fuel growth of the global shotcrete market.

Multinational players need to tap potential addressable market in the emerging regions with the help of geographical expansion

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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