Global Dry Mix Sprayed Concrete Market Overview:
Dry Mix Sprayed Concrete Market Size was estimated at 6.32 (USD Billion) in 2022. The Dry Mix Sprayed Concrete Market Industry is expected to grow from 6.74(USD Billion) in 2023 to 12.1 (USD Billion) by 2032. The Dry Mix Sprayed Concrete Market CAGR (growth rate) is expected to be around 6.71% during the forecast period (2024 - 2032).
Key Dry Mix Sprayed Concrete Market Trends Highlighted
Market Trends:
Key market drivers for dry mix sprayed concrete include the increasing demand for infrastructure development, rising urbanization, and the need for durable and cost-effective construction materials. The growing focus on sustainability and energy efficiency is driving the adoption of dry mix sprayed concrete as it offers reduced carbon emissions compared to traditional concrete.
Opportunities to be explored include the expansion into emerging markets, such as Asia-Pacific and Latin America, where infrastructure development is expected to surge. Technological advancements and innovations, such as the development of self-consolidating dry mix sprayed concrete, are creating opportunities for new applications and improvements in performance.
Recent trends in the market include the adoption of advanced application techniques, such as robotic spraying and automation, to enhance efficiency and productivity. The integration of digital technologies, such as building information modeling (BIM), is enabling more accurate and optimized design and construction processes involving dry mix sprayed concrete.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dry Mix Sprayed Concrete Market Drivers
Rising Demand for Infrastructure Development
The dry mix sprayed concrete market around the world is mainly driven by the rising need for infrastructure. Making up concrete that is heavily used for tunnels, bridges, dams, etc., dry mix sprayed concrete is in great demand. The increasing urbanization and constantly growing population of many countries with the subsequent need for new, more durable, and modern infrastructure are a key factor for this type of market. The latest trends in the construction sphere are focused on efficiency and sustainability.Dry mix sprayed concrete is considered highly beneficial for a number of reasons, such as less time necessary for applying viably larger surface areas and, as a result, lower cost in terms of labor and more resistance.
Technological Advancements and Product Innovation
Changes in technology and product advancement are also vital drivers of growth in the Dry Mix Sprayed Concrete Market Industry. Manufacturers are increasingly investing in research and development to improve performance and efficiency of dry mix sprayed concrete products. Introduction of new admixtures, fibers, and other additives improved strength, durability, and workability of dry mix sprayed concrete. Modern technology of the spray equipment and application has improved the accuracy and productivity of the spraying process.These advancements are transforming dry mix sprayed concrete into a more versatile and cost-effective solution across a variety of construction applications.
Growing Focus on Sustainability and Environmental Regulations
One of the main drivers of the Dry Mix Sprayed Concrete Market Industry is the increased focus on sustainability and environmental regulations. Dry mix sprayed concrete has several environmental advantages, such as diminished waste generation, reduced energy consumption, and greater air quality. Moreover, it is a sturdy and long-lasting material, which means that there is less necessity for frequent repairs and replacements. Governments and authorities across the globe are implementing more rigorous environmental criteria, which can be mendorong through the requirement of sustainable building.Consequently, tackle mix sprayed concrete is likely to ameliorate from the fact that it is a sustainable building material, which is superior to the mounting demand for eco-friendly construction materials.
Dry Mix Sprayed Concrete Market Segment Insights:
Dry Mix Sprayed Concrete Market Application Insights
The Dry Mix Sprayed Concrete Market is segmented into five major applications. These are Tunneling, Mining, Civil Engineering, Industrial, and Others. The Tunneling application dominates the segment and is projected to dominate over the period of forecast on account of demand for economic and efficient construction to be used for different underground purposes. These applications accounted for USD 1.84 billion in 2023 and are anticipated to reach USD 3.26 billion over the period, which is projected to grow at the CAGR of 6.8%. The segment is growing on account of increased activity for building tunnels meant for transportation, conveyance of water and sewage.The second major application is Mining which is also an important segment of the market owing to the demand for dry mix sprayed concrete in underground operations. The segment is also anticipated to grow at a CAGR of 6.6% and is expected to be valued at USD 2.72 billion by 2032. The reasons for growth are being the result of increased demand for dry mix sprayed concrete as it facilitates in several ways such as it ensures stability of walls and roofs of mines, there is reduced generation of dust and the material used is also resistant to fires.Next is Civil Engineering which is another important application and is expected to grow at a CAGR of 6.5%. The reason for growth is dry mix sprayed concrete is employed for making bridges, dams and other kind of civil constructions and the material offers quick application and use, besides it being sturdy and durable. Next is the Industrial segment which also accounts for an important part of the market and is expected to register a CAGR of 6.3% over the period of forecast and is to be valued at USD 1.26 billion by 2032. Finally, is the Others which includes the segment of swimming pools, water tanks and landscaping and is anticipated to account for a nominal share in this period of forecast.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dry Mix Sprayed Concrete Market Concrete Type Insights
Concrete Type segment is a major segment of the Dry Mix Sprayed Concrete Market. Leading with a share of around 58% in 2023, the Normal Strength concrete marches ahead with its flexibility and cost-effectiveness. High Strength concrete, however, with its strength and durability is catching up with a market share of around 27%. High strength, durability and repairability of Ultra-High Strength concrete is the reason for its high CAGR of 7.5% during the forecast period. Revenue generation for the Dry Mix Sprayed Concrete Market through the Concrete Type is slated to reach USD 7.2 billion by 2024 with the increasing applicational demand for these concrete types.
Dry Mix Sprayed Concrete Market Performance Insights
The Performance segment of the Dry Mix Sprayed Concrete Market is anticipated to witness significant growth in the coming years, driven by rising demand for high-performance construction materials. Among the various performance attributes, Early Strength, High Strength, Water Repellent, and Fire Resistant solutions are expected to dominate the market share. Early Strength solutions offer rapid curing times, enabling faster project completion and reduced downtime. High Strength solutions provide enhanced structural integrity, making them suitable for demanding applications such as tunnels, bridges, and industrial facilities.Water Repellent solutions protect structures from moisture penetration, extending their lifespan and reducing maintenance costs. Fire Resistant solutions offer superior protection against fire damage, ensuring safety in critical infrastructure projects. The Dry Mix Sprayed Concrete Market segmentation offers valuable insights into the industry's dynamics, enabling manufacturers to tailor their products and strategies to meet the evolving needs of customers.
Dry Mix Sprayed Concrete Market End User Insights
The Dry Mix Sprayed Concrete Market segmentation by End User includes Contractors, Developers, and Owners. Contractors held the largest market share in 2023 and are expected to continue their dominance throughout the forecast period. The growth of this segment can be attributed to the increasing number of construction projects, particularly in developing countries. Developers are also expected to witness a significant growth rate during the forecast period, due to the growing demand for new residential and commercial buildings. Owners, who represent building owners and facility managers, are expected to have a moderate growth rate, as they primarily focus on the maintenance and repair of existing structures.
Dry Mix Sprayed Concrete Market Regional Insights
The Dry Mix Sprayed Concrete Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America is expected to hold the largest market share in 2023, owing to the increasing demand for dry mix sprayed concrete in the construction industry. Europe is expected to be the second-largest market, followed by APAC. The APAC region is expected to witness significant growth in the dry mix sprayed concrete market during the forecast period, due to the rising construction activities in emerging economies such as China and India.South America and MEA are expected to account for a smaller share of the Dry Mix Sprayed Concrete Market, but they are expected to grow at a steady pace during the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Dry Mix Sprayed Concrete Market Key Players And Competitive Insights:
The Dry Mix Sprayed Concrete Market is extremely competitive these days, as major players in the industry go on developing innovations and creating advanced products to gain competitive advantages. The leading actors in the Dry Mix Sprayed Concrete Market strive to boost their global presence and expand their production capacity to meet the escalating demand for dry mix sprayed concrete whose market is going to show a steady growth within the next years. The aforementioned growth is anticipated as a result of the booming construction industry and the surging demand for righteous durable building materials.
The present paper is aimed at comparing Sika AG and BASF SE. The forerunner in the sphere is Sika AG, as the company offers the most comprehensive product range designed for dry mix sprayed concrete application, including shotcrete, fiber-reinforced shotcrete, and self-compacting shotcrete. In addition, the company is synonymous with global presence, as it has more than 100 production facilities across the world and a wide distribution network. Sika AG also deserves to be included on the list of leading companies, as it is considered an innovator in the sphere and promotes sustainability in the construction industry. A close competitor, BASF SE offers a wide range of dry mix sprayed concrete solutions under the Master Builders Solutions brand name. BASF SE is known as a developer of ecological sustainable solutions. The company is primarily represented in Europe, Asia, and the Americas and continues to further its expansion in the emerging markets. BASF is also proficient in the field of concrete technologies and can come up with tailor-made solutions needed for this or that particular construction.
Key Companies in the Dry Mix Sprayed Concrete Market Include:
Dry Mix Sprayed Concrete Market Industry Developments
The Dry Mix Sprayed Concrete Market is expected to reach USD 12.1 billion by 2032, exhibiting a CAGR of 6.71% during the forecast period (2024-2032). Increasing demand for dry mix sprayed concrete in construction, mining, and tunneling applications is driving market growth. Government initiatives to improve infrastructure are also contributing to the market's expansion.Recent news developments in the market include:In January 2023, BASF launched a new line of dry mix sprayed concrete products designed for use in underground mining applications.In February 2023, Sika acquired Projex Products, a leading manufacturer of dry mix sprayed concrete, to expand its product portfolio and geographic reach.In March 2023, LafargeHolcim announced plans to invest in a new dry mix sprayed concrete plant in India to meet growing demand in the region.These developments indicate the growing importance of dry mix sprayed concrete in various industries and the increasing investment in the market.
Dry Mix Sprayed Concrete Market Segmentation Insights
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Dry Mix Sprayed Concrete Market Application Outlook
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Tunnelling
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Mining
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Civil Engineering
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Industrial
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Others
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Dry Mix Sprayed Concrete Market Concrete Type Outlook
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Normal Strength
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High Strength
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Ultra-High Strength
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Dry Mix Sprayed Concrete Market Performance Outlook
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Early Strength
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High Strength
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Water Repellent
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Fire Resistant
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Dry Mix Sprayed Concrete Market End User Outlook
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Contractors
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Developers
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Owners
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Dry Mix Sprayed Concrete Market Regional Outlook
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North America
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Europe
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South America
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Asia Pacific
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Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
6.32(USD Billion) |
| Market Size 2023 |
6.74(USD Billion) |
| Market Size 2032 |
12.1(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
6.71% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Chryso ,RPM ,ParexGroup ,Cemex ,BASF ,Sto ,HeidelbergCement ,Sika ,Master Builders Solutions ,Tremco ,GCP Applied Technologies ,LafargeHolcim ,Euclid Chemical ,Fosroc ,Mapei |
| Segments Covered |
Application ,Concrete Type ,Performance ,End User ,Regional |
| Key Market Opportunities |
Rising Infrastructure Development Urbanization Growing Adoption in Mining and Tunneling Increasing Demand for Underground Construction Sustainable Construction Practices |
| Key Market Dynamics |
Tunneling growing construction activities increasing investments in urban development rise in mining activities and infrastructure spending |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
With a promising CAGR of 6.71%, the Dry Mix Sprayed Concrete Market is projected to reach a valuation of 12.1 billion USD by 2032.
In 2023, the Dry Mix Sprayed Concrete Market was valued at around 6.74 billion USD.
The Asia-Pacific region currently holds the dominant position in the Dry Mix Sprayed Concrete Market and is anticipated to maintain its leadership throughout the forecast period.
The increasing demand for infrastructure development, particularly in emerging economies, coupled with the growing adoption of dry mix sprayed concrete in construction and mining applications, is fueling the market's growth.
The tunneling segment is anticipated to experience the highest growth rate during the forecast period, driven by the rising demand for efficient and cost-effective construction methods in underground projects.
BASF SE, Sika AG, GCP Applied Technologies, Fosroc International Limited, and RPM International Inc. are among the prominent players in the Dry Mix Sprayed Concrete Market.
The increasing adoption of sustainable and eco-friendly construction practices, along with the development of advanced dry mix sprayed concrete formulations, are shaping the future of the market.
The market faces challenges such as the availability of skilled labor, fluctuating raw material costs, and stringent environmental regulations.
The emergence of robotics and automation in the application of dry mix sprayed concrete is revolutionizing the industry, enhancing efficiency and safety.
With the increasing demand for infrastructure development and the growing adoption of sustainable construction practices, the Dry Mix Sprayed Concrete Market is poised for continued growth in the coming years.
