Global Shotcrete Market is Witness Significant Development with Sika AG Expanding its production of shotcrete admixtures at its main plant at Gournay-en-Bray, France

 

Shotcrete is also referred to as sprayed concrete is concrete conveyed through a hose and pneumatically projected at high velocity onto a surface. The most popular application of shotcrete is in commercial and industrial buildings, especially where building walls are being required to be stronger and more durable to withstand the harsh conditions of the environment. As evidence of its strength, shotcrete is commonly used in the floors of buildings and other structures due to its resilience to weathering and further environmental abuse. 

Rapid developments in shotcrete technology and raw materials are expected to drive growth of the global shotcrete market. Shotcrete technology has witnessed massive adoption in the construction and infrastructure due to its numerous advantages. Over the years, shotcrete technology has improved with continuous research and development activities by key players in the industry. For instance, in November 2018, Putzmeister, a German manufacturer of concrete pumps, introduced new mechanized shotcrete equipment Wetkret 4 concrete sprayer, which is suitable for the construction of narrow galleries in underground mining. Furthermore, in February 2020, Putzmeister Underground introduced Geokret 2.0 smart shotcrete solution with 3D high-resolution scanning of the underground galleries before and after each shotcrete application, allowing to compare results and optimize the applications. Thus, these factors are expected to drive growth of the global shotcrete market during the forecast period. Furthermore, the economic and technical efficiency of shotcrete is expected to propel growth of the global shotcrete market in the near future.

However, challenges associated with the transport of concrete mix and limited availability of skilled personnel are expected to restrain the growth of the global shotcrete market. Besides, increasing demand for low-cost housing can pose major business opportunities for key industry players in the near future. Among regions, Europe is expected to witness significant growth in the global shotcrete market. This is owing to increasing underground construction activities across Europe. Besides, rising investment in infrastructural development is expected to boost the regional market growth. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to increasing demand from emerging economies such as India, China, Australia, and Japan.

Key companies operating in the global shotcrete market are BASF SE, Normet, Heidelberg Cement, Mapei, Grupo ACS, U.S. Concrete, Lafargeholcim, GCP Applied Technologies, Lafargeholcim, Sika AG, and Cemex.

For instance, in November 2020, Sika AG, a Swiss chemical company, expanded its production of shotcrete admixtures at its main plant at Gournay-en-Bray, France.