+1 915 229 3004 (U.S.) | 
+44 7452 242832 (U.K.)
+1 915 229 3004 (U.S.) | +44 7452 242832 (U.K.)
In 2019, the European shotcrete/sprayed cement market reached a valuation of USD 6,043.1 million, projecting a robust CAGR of 9.31% from 2020 to 2027. Concrete, a versatile construction material, forms the basis for massive structures. The market is driven by factors such as increasing urbanization, cement efficiency improvements, and advantages over traditional cement. This report analyzes the market dynamics, economic and technical efficiency of shotcrete, challenges in spraying processes, regional growth insights, and key player profiles.
The market is fueled by urbanization, cement development, and the growing preference for shotcrete. Technological advancements in shotcrete construction materials and processes contribute to improved structural strength. For instance, Kryton International Inc. introduced Hard-Cem, a concrete hardening admixture enhancing erosion and abrasion resistance. The construction sector is expected to contribute 10.3% of developed economies' GDP by 2027. Government support for advanced products and the presence of major companies further bolster market growth.
Increasing urban growth demands robust infrastructure, driving the need for shotcrete in projects like underground rail networks and tunnels. Shotcrete eliminates the need for compaction, reducing construction time and costs. It offers enhanced durability, improved mechanical strength, and less porous structures, increasing overall sturdiness.
Two main spraying processes, dry spraying and wet spraying, present challenges such as dust formation, rebound, spray output, and equipment costs. Dry spraying generates high dust levels, rebound, and low spray output, impacting productivity. Wet spraying, while reducing dust and rebound, involves costly equipment with high maintenance requirements, posing challenges during the forecast period.
The European market, dominated by Germany and the U.K., showcases significant growth in infrastructure and safe transportation systems. Germany holds a major market share, while Turkey emerges as the fastest-growing economy. Strict regulations, funding for research, and rapid construction industry development contribute to market growth.
By Type: Rapid hardening cement holds the largest market share, widely used in road construction and projects requiring quick strength development.
By Process: Wet spraying dominates the market with improved working conditions, high output capacity, and controlled mixing water quantity, making it the fastest-growing segment.
By Application: Underground construction dominates, driven by increased construction and transportation activities, contributing significantly to the regional GDP.
Key players in the European market include CEMEX S.A.B. de C.V., LafargeHolcim Ltd., Tarmac Building Products Limited, and HEIDELBERGCEMENT AG, among others. Recent developments include acquisitions, product enhancements, and investments to strengthen market positions.
The European shotcrete/sprayed cement market is poised for substantial growth, driven by urbanization, technological advancements, and government support. Key players' strategic moves and innovations contribute to a dynamic market landscape. Understanding regional dynamics, process preferences, and application demands will be crucial for stakeholders navigating this evolving market.
In 2019, the European shotcrete/sprayed cement market reached a valuation of USD 6,043.1 million.
The global market is projected to grow at a CAGR of 9.31% during the forecast period, 2023-2027.
Research on the market is done by industry professionals who provide personalized insights on the industry structure, market segmentation, Type assessment, competitive landscape (CL), along with penetration, and emerging trends. In addition to years of professional experience in their various fields and sectors, their analysis is largely based on primary interview (60%) and secondary research (40%) as well as years of professional experience. In addition, our researchers forecast the market's direction over the following seven years by examining past trends and the market's current position. Additionally, various trends of segments and categories that are geographically portrayed are studied and estimated using primary and secondary research.
The key level executives (VP, CEO, Marketing Directors, and Business Development Managers) of the major industry participants who are active and prominent as well as mid-scale businesses operating in this market were interviewed in-depth for this supply-side report by overall Global Market Research.
Extensive primary research was conducted to gain a deeper grasp of the market and industry. Both primary and secondary research, as well as years of pertinent professional experience, are used to support the analysis. By analyzing past and present market patterns, our experts were able to forecast the market's course over the following seven years. For the geographically offered categories in the list of market tables, it differs per category. In connection with the Global Market research report, we also conducted a number of primary interviews with senior level executives (VP, CEO's, Directors, Marketing Directors, Business Development Managers, CFOs, Technical Consultants, Key Opinion Leaders, Industry Experts, Decision Matrix Authorities, and other crucial individuals) of the key industry players who dominated the Global market.
The primary purpose of secondary research was to gather, identify, and validate the information necessary for the thorough, technical, market-focused, and commercial analysis of the global market. With the use of this study, it was also possible to classify and segment the market in accordance with market trends, geographic markets, and regional considerations linked to market type. Analysts have gathered data in the Distribution Channel for the study of the market from reliable sources including annual reports, journals, white papers, corporate presentations, company websites, international organizations of Energy and Power manufacturers, credible paid databases, and many others to gather reliable intel.
Both top-down and bottom-up methodologies were employed to assess the accuracy of the global market size. The market for as a whole was estimated using these methods for a number of different dependent submarkets. Secondary research was used to address the major industry players, and primary and secondary research was used to calculate their market shares in the various regions. This complete intellectual process includes reading the annual and financial reports of the top market participants and conducting in-depth interviews with top industry executives (VP, CEO, Marketing Directors, and Business Development Managers) to gain important industry insights.
Through reliable secondary sources and validated primary sources, the classification of the global markets and their geographic percentage splits were established. To obtain the final qualitative and quantitative data, all relevant variables that might have an impact on the market under investigation have been taken into consideration, inspected in great depth, verified through primary research, and assessed. This information was collected, added to, and thoroughly examined by professional analysts before being provided in this report. The process used to estimate the overall market size for this study is depicted in the following image as an example.
Report Code :
RL65532
Published on :
Upcoming
Request a Free Sample Report
Speak to Analyst