According to a new report published by Reports Monitor titled, “Shotcrete/Sprayed Cement Market By Types of Cement, Process And Applications: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Shotcrete/Sprayed Cement Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Europe dominates the Shotcrete/Sprayed Cement Market, both in terms of volume and value, and is expected to maintain this trend throughout the forecast period.
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The shotcrete cement industry is characterized by continues technological advancement in materials utilized for Shotcrete construction such as cements, equipment’s, processes and chemicals. Thus the enhanced products are responsible for improved structural and mechanical strength of the constructed infrastructure. For instance, in January 2018 the Kryton International Inc. launched a concrete hardening admixture namely Hard-Cem, which increases erosion and abrasion resistance of concrete. The unique technology of this admixture can extend concretes overall life by up to 6 times facilitating its application in horizontal, inclined and vertical Shotcrete and concrete surfaces.
Significant metropolitan growth and rapidly growing urban population is responsible for increasing demand of public infrastructure such as underground rail-network, road tunnels and parking lots. In addition, expanding underground industrial activities such as mining, water and sewage treatment plants are fuelling the demand of underground constructions.
Shotcrete/Sprayed Cement Market is segmented on the basis of Types Of Cements (Rapid Hardening Cement, Low Heat Cement, Sulphate Resisting Cement, White Cement, Waterproof Cement, High Alumina Cement & Others), Process (Wet Spraying & Dry Spraying) & Applications (Underground Construction, Water Retaining Structures, Protective Coatings, Free Formed Structures & Repair Works).
Europe is expected to be the largest market for Shotcrete/Sprayed Cement. The sprayed cement spending in Europe has witnessed a positive growth in the past years. Also, the Germany government is striving hard to provide affordable and quality sprayed cement’s products to its citizens.
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Key Question Answered:
• What will be the market size in 2025 and at what rate it will grow?
• What trends, barriers, challenges are influencing its growth?
• Who are the major key players in Global Shotcrete/Sprayed Cement Market and what are their strategies?
• Which vertical industry is expected to show major growth?
• What segment and region will lead the market and why?
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The major companies profiled in the report include: BASF SE , Sika AG), Heidelberg Cement AG, Cemex S.A.B. de C.V., KPM Industries Ltd, Euclid Chemical Company, LKAB Berg & Betong AB, Quikrete Companies Inc., U.S. Concrete, Inc., and Lafarge Holcim.
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