Global Sprayed Concrete Market Highlights Over 2022 - 2031

The global sprayed concrete market is estimated to garner significant revenue by growing at ~8 % CAGR over the forecast period, i.e., 2022 – 2031. Moreover, in the year 2021, the market registered a revenue of approximately USD 9.0 billion. The growth of the market can be attributed to the rapid increase in construction activities across the globe. Moreover, there are many advantages offered by sprayed concrete, such as long durability, high thermal efficiency, and others. These advantages are expected to boost the growth of the global sprayed concrete market. According to the World Bank, Air (Prevention and Control of Pollution Act), 1981, Water (Prevention and Control of Pollution Act), 1974, and other acts were passed to prevent the environment from being degraded. Therefore, these acts support the use of more sprayed concrete that is less harmful in nature, and this is anticipated to increase the growth of the market.

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However, construction industries across the globe were negatively impacted by COVID-19. The construction projects were kept on hold due to the non-availability of raw materials from other countries. This pandemic affected the supply chain related to construction projects and the growth of the global sprayed concrete market.

On the basis of application, the global concrete market is segmented into sealing works, underground construction, trenching, concrete repairs, stabilization, and others. Among them, the underground construction segment in the global sprayed concrete market is expected to have the largest growth in the market by the end of 2031, owing to the increased underground construction in developing countries. Additionally, the concrete spray is safer for underground construction in relation to geographical conditions such as rock bursts, toxic gas outbursts, and others. Hence, concrete spraying benefits are expected to boost the growth of the global concrete sprayed market.

Global Sprayed Concrete Market Regional Synopsis

Regionally, the global sprayed concrete market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The Asia Pacific region in the global sprayed concrete market is estimated to witness modest growth by the end of 2031 on the back of new infrastructure projects. Moreover, an increase in the growth of the population and rapid urbanization are anticipated to contribute to the growth of the market. According to the World Bank, China's population grew from 1.26 million in 2000 to 1.41 million in 2020, and is expected to reach around 70 % of its urbanized population till 2030.

Market Segmentation

Our in-depth analysis of the global sprayed concrete market includes the following segments:

By Application

• Sealing Works

• Underground Construction

• Trenching

• Concrete Repairs

• Stabilization

• Others 

By Process Type

• Wet

• Dry

By System

• Manual

• Robotics

Growth Drivers and Challenges Impacting the Growth of the Global Sprayed Concrete Market

Growth Drivers

• Increase in construction activities across the globe

• Different advantages related to sprayed concrete

Challenges

• Lack of skilled labour for using sprayed concrete

• Concern for Degradation in the Properties of the Product in Case of Excess Amount of Water

Key Companies Dominating the Global Sprayed Concrete Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global sprayed concrete market that are included in our report are HeidelbergCement AG, BASF SE, Applied Concrete Solutions, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS, S.A., Holcim Ltd, CEMEX S.A.B. de C.V., Sika India Private Limited, GCP Applied Technologies, Inc., Vulcan Materials Company, MAPEI S.p.A., Normet Group, and others.

Latest Developments in the Global Sprayed Concrete Market:

• 25 November 2021: Holcim Ltd.’s R&D Center announced the launch of DYNAMax, a ultimate performance concrete that possesses high durability and strength.

• 26 August 2021: Vulcan Materials Company announced that it has acquired U.S. Concrete. With this acquisition, the company increased its geographical range by increasing its operation in 22 states in the U.S.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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