Market Overview
Market Research Future (MRFR), in its latest “Sprayed Concrete Market” report, explains the market dynamics for the evaluation period 2020 to 2027. MRFR study states that the sprayed concrete global market growth to expedite at 7.93% CAGR across the forecast period. A significant escalation in the worldwide sprayed concrete market size is estimated by MRFR. It is due to the increased application of sprayed concrete technology in the construction sector. The high degree of bond strength furnished by spray concrete and the low water to cement ratio that assure strong adhesion are observed to result in its rising demand. Rise in need for the expansion of residential, commercial, government, and corporate space are drawing a large number of construction projects. Builders are inclining towards latest, robust construction technology to erect sturdy infrastructures. Hence, the increased utility of sprayed concrete can underpin the market growth. Further knowledge on benefits of sprayed concrete can add impetus to the market. However, improvement in pumpability is yet to be achieved. This can slow down the market growth. Disruption of modern technologies can counter the rising design crisis, thus hold on the market performance threshold.
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Segmental Study
The sprayed concrete market study is based on system, process, and application.
The process-based segments of the sprayed concrete market are dry process and wet process. The greater serviceability of wet process in the expanding construction sector can boost the sprayed concrete worldwide market growth. Advantages, such as proportionate water content, admixtures addition as per design condition, and easy spraying can underpin the expansion of the global sprayed concrete market.
The system-based segments of the sprayed concrete market are manual system and robotic spraying system. Better robotic spraying system dynamics are gaining high approval builders. The growing demand for automation and need to simplify complex construction tasks can prompt the adoption of robotic spraying systems.
The application-based segments of the sprayed concrete market are protective coatings, underground construction, retaining walls, water-retaining structures, specialty construction, and strengthening & repair. The underground construction segment to secure the largest market share due to rise in underground constructions.
Regional Analysis
The construction sector adds significant value to Europe’s GDP. The increased traction of sprayed concrete can be accounted for the rapid expansion of its market in the region. MRFR study states that Europe sprayed concrete market can rise at a decent rate across the review period. The increased serviceability of sprayed concrete in residential, municipal, and commercial constructions can support the regional market growth. In North America and APAC growth influencers of the sprayed concrete market are similar. The increased tunnel projects across these regions ca prompt the expansion of the market. In Asia Pacific, the availability of cost-effective admixture and growing tangibility of building projects are creating the scope for the adoption of sprayed concrete. This is likely to press the need for the expansion of the APAC sprayed concrete market.
Key Competitors
MRFR profiled some major sprayed concrete market players. They are; HEIDELBERGCEMENT AG (Germany), BASF SE (Germany), LafargeHolcim (Switzerland), CEMEX S.A.B. de C.V. (Mexico), LKAB (Sweden), Sika AG (Switzerland), The QUIKRETE Companies (US), KPM Industries Ltd (Canada), U.S. Concrete, Inc. (US), GCP Applied Technologies Inc. (US), and others. Marketers are likely to press performance threshold and plan launch of new products that can favor the sprayed concrete global market. Diversification of product line and strategic bonding across key players can also lay ground work for the sprayed concrete global market expansion. Moreover, advancements in robotics technology can work for sprayed concrete developers.
