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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:
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