Sprayed Concrete (Shotcrete) Market Size (2024 - 2029)

Sprayed Concrete Market Analysis

The Sprayed Concrete Market size is estimated at USD 9.29 billion in 2024, and is expected to reach USD 12.73 billion by 2029, growing at a CAGR of greater than 6% during the forecast period (2024-2029).

The COVID-19 impact on the sprayed concrete market varied depending on the region, project type, and economic conditions. While initial disruptions and challenges were significant, the market showed signs of resilience and even experienced some growth in specific areas. As the pandemic's effects continue to moderate, the long-term outlook for the sprayed concrete market remains positive, driven by its inherent advantages and continued advancements in technology and applications.

• The sprayed concrete market is driven by increasing demand from the construction sector by the combination of its versatility, strength, speed, efficiency, environmental benefits, and alignment with global infrastructure development trends.
• However, the environmental issues arising from the dust released in the dry-sprayed concrete process pose challenges to the studied market growth.
• Increasing research and development activities are likely to provide opportunities for the sprayed concrete (shotcrete) market over the next five years.
• Europe dominated the market across the globe and Asia-Pacific is expected to be the fastest-growing region over the forecast period.

Sprayed Concrete Industry Segmentation

Sprayed concrete, commonly referred to as shotcrete or gunite, is a versatile building material formed by projecting a blend of cement, aggregate, water, and additives onto a surface using pneumatic pressure. Essentially, it involves applying concrete via a high-pressure hose, providing distinct benefits over conventional poured concrete in certain applications.

The sprayed concrete market is segmented by process, end-user industry, and geography. By process, the market is segmented into wet spraying and dry spraying. By end-user industry, the market is segmented into infrastructure, mining and tunneling, repair and rehabilitation, and other end-users (aerospace and defense, residential and commercial construction, and environmental applications). The report also covers the market size and forecasts for the sprayed concrete market in 15 countries across major regions. For each segment, the market sizing and forecasts have been done based on value (USD).