Sprayed Concrete Market Projected to Reach $6.5 Billion By 2018 – Report by MarketsandMarkets

Shotcrete and Sprayed Concrete market is driven by underground constructions industry and a range of applications. Market players are concentrating on expanding their geographical reach. http://www.marketsandmarkets.com/Market-Reports/Sprayed-concrete-shotcrete-market-1116.html.

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Key Players: BASF SE, Custom-Crete Inc., Cemex S.A.B. De C.V., Fox Industries Inc., Five Star Products Inc., IPA Systems Inc., Heidelbergcement AG, Conmix Ltd, JE Tomes & Associates Inc.

(PRWEB) July 19, 2014

The report “Shotcrete/Sprayed Concrete Market by Process (Wet & Dry), Applications (Underground Construction, Water Retaining Structures, Protective Coatings, Repair Works & Others), Systems & Geography: Global Trends and Forecasts to 2018”, defines and segments the global shotcrete market with analysis and forecasting of the global revenue and consumption. It also identifies driving and restraining factors for the global shotcrete market with analysis of trends, opportunities, burning issues, and winning imperatives.

Browse 101 tables and 26 figures spread through 203 pages and in-depth TOC on “Shotcrete/Sprayed Concrete Market”.
http://www.marketsandmarkets.com/Market-Reports/Sprayed-concrete-shotcrete-market-1116.html

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The market is segmented and consumption and revenue are forecasted on the basis of major regions such as North America, Europe, Asia-Pacific, and Rest of the World (ROW). The key countries are covered and forecasted for each region. Further, market is segmented and revenue are forecasted on the basis of major types of shotcrete used in various industries such as underground construction, water retaining structures, protective coatings, repair works, and others.

Shotcrete market is segmented by two types: wet-mix and dry-mix. These individual shotcrete materials have application specific demands differentiated by cost and efficiency. Shotcrete process is useful in applications such as tunnels, mines, reservoirs, swimming pools, repair works, fire damaged structures, retaining walls, refractory linings, zoological structures, bridges, dams, and several others. The use of these materials minimizes energy consumption and increases the efficiency of its applications.

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The global market for shotcrete in terms of revenue to grow from $4.2 Billion to $6.5 Billion by 2018, at a CAGR of 7.8%. Europe is expected to have the highest revenue followed by the Asia-Pacific region. ROW is expected to be the next fastest growing market, with a CAGR of 8.7%, owing to rising consumption in this region where the end-user markets of shotcrete are growing steadily. The North American market is expected to grow at a rate of 8.0% in revenue terms.

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China’s shotcrete consumption is expected to surpass Germany and Japan by 2018. Japan is the biggest consumer of shotcrete in Asia-Pacific region and third largest globally. Germany is the biggest consumer in European region and fourth largest globally. Japan’s consumption is expected to grow at a CAGR of 4.4%. Germany accounted for around 20.0% of the European consumption and is estimated to grow at a CAGR of 3.3%. China, the second largest consumer in Asia-Pacific region, is expected to dominate markets in Japan and Germany with upcoming shotcrete end user projects. China’s market is expected to experience high growth rate of 8.4%.

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