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Shotcrete/Sprayed Concrete Market Industry New Revenue Pockets


(, October 28, 2021 ) Europe is the global leader in terms of consumption of shotcrete, and this trend is projected to continue until 2021. The countries in Europe, such as Germany (dominant market), Italy, Austria, Sweden, and Switzerland are experiencing a gradual increase in the usage of shotcrete processes, namely wet mix and dry mix, for many applications such as underground construction, water retaining structures, repair works, protective coatings, and others. This growth is mainly backed by rapid developments in technology and raw materials, increase in underground transportation facilities, and continuous growth in economy.

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Wet mix concrete process in Europe is projected to grow at the highest growth rate in the Shotcrete & Sprayed Concrete Market by 2021 owing to its increasing usage in various applications, such as underground construction, water retaining structures, protective coatings, repair works, and others. The wet mix procedure produces less rebound of concrete materials, waste, and dust compared with the dry mix procedure. The greatest advantage of the wet mix process is that larger volumes can be placed in less time.

Germany is the largest consumer of sprayed concrete in Europe, in terms of value. The highest investment is forecast to be in Europe because of growing application markets, low cost of production, and availability of raw materials. In Germany, water retaining structures is the largest application of sprayed concrete, as the country is involved in the construction of dams, bridges, and water storage reservoirs. Norway and Sweden have shown promising demand for sprayed concrete, and this trend is expected to continue in the near future.

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The increasing usage of shotcrete technology by the underground construction industry is due to economic development around the European region and dependence on underground transportation facilities, which has been prevalent in many countries. Many mining companies are exploring deeper sites to meet the increasing demand for minerals, which drive the growth of shotcrete market in the region.

Robotic spraying is the most preferred systems used for shotcrete. Robotic spraying system is an innovative remote-controlled spraying arm used in tunneling, underground construction, and other applications. It is mainly used for wet mix shotcrete process, as wet shotcrete mix is very heavy in weight and used for larger applications such as tunnel constructions, mining, and other underground construction activities.

Various development strategies, such as expansions, acquisitions, and product developments have been initiated by companies, including BASF SE (Germany), Sika AG (Switzerland), and HeidelbergCement AG (Germany), which have helped in driving the production and demand for shotcrete in the global market.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Aashish Mehra


Source: EmailWire.Com

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