The products and solutions in the global shotcrete market are primarily used in construction as well as infrastructure technologies. The manufacturers and participants working in the global shotcrete market offer their end users with various types of equipment, including auxiliary equipment, general equipment, and special equipment. These products and equipment in the global shotcrete market are used for various distinct purposes and applications, including in-ground swimming pool, protective coating, underground construction, water retaining structure, and repair works. The products and solutions in the global shotcrete market operate of two distinct types of systems, including robotic spraying as well as manual systems. By technique, the solutions in the global shotcrete market can be bifurcated into dry mix techniques as well as wet mix techniques.
The rising awareness pertaining to the high technical efficiency of the shotcrete products and solutions is one of the most prominent drivers for the growth and expansion of the global shotcrete market. Other notable drivers for the global shotcrete market include enhancements in materials as well as technologies used for production and manufacture of the products in the global shotcrete market as well as the rising demand for shotcrete products from the infrastructure as well as construction industries. The growth in the global shotcrete market is also driven by the rising usage of sprayed concrete in the manufacturing processes of bank vaults, barrel vaulting, and domes.
The incumbent and major participants and manufacturers operational in the global shotcrete market focus on various growth and development techniques, including new product launches, strategic partnerships, expansion of production capacity, and joint ventures, among others. The leading manufacturers and players operational in the global shotcrete market include Heidelbergcement, Lafargeholcim Ltd., Sika AG, U. S. Concrete Inc., Normet Group, KPM Industries Ltd., Lkab Berg & Beting AB, BASF SE, Grupo ACS, Cemex S. A. B. De C. V., GCP Applied Technologies, Mapei S. P. A., Quikrete Companies, Inc., and The Euclid Chemical Company, among others.
The largest industry share of the global shotcrete market was attributed to Europe region in the recent past. This trend can be attributed to the rising regional demand for shipping, concrete repair, underground drilling, and hard rock extraction. Furthermore, the increasing demand for protective coatings, repair works, and retaining structures in Europe is also expected to foster the development within the global shotcrete market in Europe in near future. The increasing number of metro rail construction projects in various European economies are also fueling the demand in the global shotcrete market in Europe region.