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The global market for sprayed concrete is growing because more people are building things underground, and sprayed concrete is seen as an eco-friendly choice. However, the prices of the materials used to make sprayed concrete can go up and down, which might affect how the market behaves in the future. Experts predict that the global sprayed concrete market will increase by about 7.93% every year for a certain period.
Now, let's break down the details. The sprayed concrete market is split into different parts based on how it's made, the system used, where it's used, and where in the world it's being used. When it comes to how it's made, there are two ways: wet process and dry process. More people use the wet process, making up 75.8% of the market in 2017. This method was worth about USD 5,560.6 million and is expected to grow by 8.12% every year for a certain period.
Looking at the system used, there are two types: robotic spraying and manual spraying. Robotic spraying is more popular, taking up 71.1% of the market in 2017. This method was worth about USD 5,244.9 million and is expected to grow by 8.02% every year for a certain period.
Now, let's see where sprayed concrete is being used. It has various applications like underground construction, protective coatings, water-retaining structures, retailing walls, strengthening and repair, specialty construction, and others. The biggest use is in underground construction, making up 32.6% of the market in 2017. This area was worth about USD 2,408.9 million and is expected to grow by 9.88% every year for a certain period.
Finally, when we look at where in the world this is happening, Europe leads the way with 36.8% of the market in 2017. This region was worth about USD 2,713.1 million and is expected to grow by 7.84% every year for a certain period.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | (2022-2030 |
Sprayed Concrete Market Highlights:
Global Sprayed Concrete Market Overview
Shotcrete/Sprayed Concrete Market Size was valued at USD 9,125.8 million in 2023. The Sprayed Concrete industry is projected to grow from USD 9,728.1 million in 2024 to USD 17,092.7 million by 2032, exhibiting a compound annual growth rate (CAGR) of 7.3% during the forecast period (2024 - 2032). The use of sprayed concrete is high in both residential and commercial constructions. Today, there are lots of new developments in the building market. A modern method such as sprayed concrete is gaining more traction these days. The speciality of this concrete is that it is sprayed through a pressure hose. This technique is economic and efficient to use concrete. The water ratio in this cement is less which enables high density and strength in construction.
The high bonding strength of the sprayed concrete evenly covers the surface. The efficiency and cost of this spray concrete are exceptional features. Today, the adoption of this technique is high in special construction structures. Using this method for the construction of domes, vaults, and bombproof rooms is increasing. In the forecast period, Europe has the highest demand for such sprayed concrete market.
Further, the growth of the tunneling projects in North America is leading to more demand for such sprayed concretes. Complexes and commercial building rates in the market are rising. Overpopulation is creating more need for construction. Using sprayed concrete saves time and helps to build a strong building. These are the factor that contributes to overall market value in the forecast period.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Segmentation
The global sprayed concrete market is segmented based on process, system, and application. On the basis of process, the sprayed concrete market is divided into wet process and dry process. The wet process segment is dominating the market, owing to various advantages such as controlling on water content, easy spraying, and adding admixtures as per design requirement during the preparation of the mix.
On the basis of system, the sprayed concrete market is divided into robotic spraying system and manual system. The robotic spraying system is the dominating segment, owing to the growing demand for simplifying the tasks of the operator and the lack of trained spraying equipment operators.
On the basis of application, the global sprayed concrete market is segmented into underground construction, protective coatings, water-retaining structures, retaining walls, strengthening & repair, and specialty construction. The underground construction segment holds the maximum market share, owing to the increasing underground construction, across the globe.
Regional Analysis:
Region-specific analysis of the low-speed vehicle market spans across North America, Europe, Asia-Pacific (APAC), the Middle East & Africa, and South America.
Key Competitors:
List of the key major companies in the global sprayed concrete market is BASF SE (Germany), HEIDELBERGCEMENT AG (Germany), CEMEX S.A.B. de C.V. (Mexico), LafargeHolcim (Switzerland), Sika AG (Switzerland), LKAB (Sweden), KPM Industries Ltd (Canada), The QUIKRETE Companies (US), GCP Applied Technologies Inc. (US), U.S. Concrete, Inc. (US).
Global Sprayed Concrete Market, by Region, 2017
Source: MRFR analysis
The construction sector is one of the most important sectors in the European economy. According to EUROPEAN BUILDERS CONFEDERATION, the construction industry in Europe contributes around 9% to the total GDP of the EU, owing to the presence of 3 million enterprises, which employs a total direct workforce of 18 million people. The residential construction segment had the highest contribution in the construction industry in 2016 and grew by 5% compared to 2015. The upgrade of infrastructure and the construction of residential, commercial, and municipal buildings drive the construction industry in Europe, which provides traction for the sprayed concrete market to grow steadily.
Germany has experienced an increase in immigration, which has resulted in a substantial population boost and an urgent need for affordable housing. The low-interest rates introduced by the European Central Bank have transformed the mortgage loan process, which increased the construction of residential buildings. In the UK, the value of the construction industry in both, public and private sectors, has increased. The growing construction industry can be attributed to the increasing construction of private housing buildings and commercial and industrial infrastructure and the rising of privately funded projects in the healthcare industry. The significant growth of the construction industry is expected to drive the sprayed concrete market.
Synopsis:
The global sprayed concrete market has been segmented on the basis of process, system, application, and region. On the basis of process, the market is divided into wet process and dry process. The wet process segment is expected to dominate the sprayed concrete market due to the advantages it offers, including controlling the water content, easy spraying, and adding admixtures as per the design requirement during the preparation of the mix.
In January 2019, BASF SE launched its Virtual Design and Construction (VDC) resource center, which offers Building Information Modeling (BIM) content and other digital services for its clients in the construction industry.
In March 2019, Sika AG acquired KPM Industries Ltd, an independent Canadian manufacturer of dry shotcrete and mortars for concrete repair. This acquisition enables it to expand its business footprint in Canada.
Recent Development
January 2019
BASF SE is opening its new research centre. This company is offering many digital services for the construction industry. The company is also providing BMI and other important services. Through this research, there are expected to be new developments in sprayed concrete products.
March 2019
Sika AG is acquiring is a manufacturer of Canadian concrete. The company is also offering motor repairs and the acquisition of the company is expected to create new developments. There is an expansion of the sprayed concrete products in Canada. This expansion will also result in more supply.
Market Segmentation
- By Process – Dry Process and Wet Process
- By System – Robotic Spraying System and Manual System
- By Application – Underground Construction, Protective Coatings, Water-Retaining Structures, Retaining Walls, Strengthening & Repair, and Specialty Construction
Key Questions Addressed by the Report
- What was the historic market size (2022)?
- Which segmentation (Process/System/Application is driving market?
- What will be the growth rate by 2030?
- How are the key players in this market?
- What are the strategies adopted by key players?
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