Global Shotcrete Market, By Process (Wet-Mix, Dry-Mix), System (Robotic, Manual), Application (Underground Construction, Water Retaining Structures, Repair Works, Protective Coatings), and Geography - Insights, Opportunity Analysis, and Industry Forecast till 2025

Shotcrete – Insights

Shotcrete is a technique used to pneumatically spray concrete through a hose at high velocity onto the surface. Factors such as growing underground construction activities such as tunneling and mining activities and rampant growth in infrastructure development are factors expected to boost growth of the shotcrete market during the forecast period (2017–2025). Robotic system segment is expected to dominate the shotcrete market over the forecast period and is expected to expand at a CAGR of 9.3% in terms of volume. According to a study conducted by Coherent Market Insights, the global robotic system market is projected to reach over 4,137.25 TCM by the end of 2017.

Europe accounted for the largest share in the global shotcrete market in 2016, according to the stats provided by Coherent Market Insights. Increasing underground construction activities in Europe creates a highly conducive environment for growth of the global shotcrete market. For instance, in Europe the construction of metro rail project which will link from east-north and west-south, currently Attiko Metro company prepares to construct four new line, the project worth over US$ 3.61 billion and is expected to fuel the market for shotcrete during 2017-2025. Moreover, rapid investment in infrastructural development to provide reliable, sustainable and economic transportation in emerging economies such as India and China further fuels growth of the global shotcrete market. The National Highways and Infrastructure Development Corp. (NHIDCL)—a government undertaking company—plans to construct five mega tunnels in Jammu and Kashmir by 2024, at an estimated cost of US$ 3.58 billion. Moreover, according to India Brand Equity Foundation (IBEF)—a trust established by the Department of Commerce, Ministry of Commerce and Industry, Government of India—in April 23, 2017, a metro rail projects with a total route length of 903 kms in 13 cities are under consideration.

The global shotcrete market size was valued at US$ 5,612.73 million and 19,140.94 TCM in 2016 and is expected. The market is expected to expand at a CAGR of 8.1% in terms of revenue and 8.3% in terms of volume during 2017 – 2025.

Figure 1. Global Shotcrete Market Size and Forecast (US$ Million), 2016

shotcrete market size

Source: Coherent Market Insights Analysis (2016)

Figure 2. Global Shotcrete Market By Application, 2016

shotcrete market application trend

Source: Coherent Market Insights Analysis (2016)

Process Insights

Among processes, wet-mix process segment accounts for the largest share in the shotcrete market. In this process, water is added to the cement mixture and sprayed through the nozzle wherein air and shotcrete accelerators are added. The wet-mix shotcrete process segment is projected to expand at a revenue CAGR of 9.8% over the forecast period. This is mainly attributed to its wide application in various applications in underground constructions, water retaining structures, and protective coatings. Also, wet-mix process is largely used in robotic equipment due to the high efficiency and in efficient time. Dry-mix process comprises cement, admixtures, and aggregate, which are mixed to in a specified ratio, without water and is then sprayed over the substrate through a high velocity nozzle. While these processes are widely used across industries, improper use and lack of safety may lead to serious injury while operating wet-mix and dry-mix process. Lack of skilled labor and effective transportation facilities are expected to be key challenges for the global shotcrete market.

Growing underground constructions activities, to boost the market growth

Europe, followed by Asia Pacific and North America, respectively, accounted for major share in the global shotcrete market both in terms of revenue and volume in 2016 and the trend is expected to remain the same over the forecast period. In 2016, Europe held a share of 36.75% in terms of volume, followed by Asia Pacific (25.85%). The growing infrastructure development activities in Asia Pacific to support burgeoning population creates a highly conducive environment for growth of the market. The recent past has witnessed a spurt in tunneling activities, rapid urbanization and growing deployment of metro rail projects, especially in Asia Pacific. According to a study conducted by Coherent Market Insights, the global underground construction market is expected to witness a CAGR of 8.2% from 2017 to 2025 which in turn is expected to fuel growth of the global shotcrete market.

Multinational players need to tap potential addressable market in the emerging regions with the help of geographical expansion

Major players in the global Shotcrete market include BASF SE, Heidelberg Cement, Grupo ACS, Lafargeholcim, Cemex, Sika AG, GCP Applied Technologies, U.S. Concrete, Mapei, and Normet. Among others.

Shotcrete is a technique used to spray concrete through a hose at high velocity onto surface pneumatically. The concrete mixed with water are sprayed through a nozzle over the substrate. The use of shotcrete lowers the ratio of water to cement and imparts high mechanical strength and long durability to the structure. Moreover, shotcrete enables low permeability and increases the bonding strength of the construction, while lowering the setting time for concrete. Shotcrete is sprayed over the substrate in dry-mix form and wet-mix form. For instance, in wet-mix, the cement mixture are mixed with water and sprayed through a nozzle pneumatically.

Shotcrete find wide application in underground construction, protective coatings and water retaining structures. For instance, tunneling system for metro and roads, which includes tunnel lining, tunnel walls, underground chamber lining, and tunnel. Moreover, shotcrete is best suited for water retaining structures, which includes storage reservoir, swimming pools, dams, water towers, and canal ling. Furthermore, pipeline encasement, refractory lining, and soil stabilization also use shotcrete for protective coatings. Europe dominates the global shotcrete market in 2016, according to the stats provided by Coherent Market Insights. Increasing underground construction activities in Europe such as expansion of Paris metro line in the Lle-De-France region by 2030, is expected to create a fuel growth of the market for shotcrete during 2017-2025.

Market Dynamics

Growing urbanization and increasing traffic are prime challenges in the urban transport system. The construction and expansion of the city metro system contributes towards traffic, economic, congestion, social development, and environment friendly and attract community to opt public transport. For instance, metro became the most popular and used urban transport in most developed regions. For instance, number of passengers in Austria metro rise from 811 million in 2009 to 875 million in 2011. Moreover, Asia Pacific is expected to be the fastest growing market for shotcrete during 2017-2025, according to the stats provided by Coherent Market Insights. Growing underground tunnels, roads and metro activities to provide sustainable, economic and reliable transport to the rapidly growing population of Asia Pacific. For instance, in India 546 km of metro rail project for 11 cities are under construction and 903 kms for 13 cities are under consideration is expected to propel demand for shotcrete during 2017-2025.

Market Taxonomy

This report segments the global shotcrete market on the basis of process, system and application. On the basis of process, the market is segmented as wet-mix and dry-mix. On the basis of system, the global shotcrete market is segmented as robotic and manual. On the basis of application, the global shotcrete market is segmented into underground construction, water retaining structures, repair works, protective coatings, and others. The wet-mix shotcrete is dominating the process segments and is expected to expand at a CAGR of 9.8% during 2017-2025, due to growing construction activities and technological advancements being introduced into the process.

Key features of the study:

  • This report provides in-depth analysis of the global shotcrete market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017 – 2022), considering 2016 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
  • It profiles leading players in the global shotcrete market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans
  • Key companies covered as a part of this study include Axalta Coating Systems, BASF SE, Heidelberg Cement, Grupo ACS, Lafargeholcim, Cemex, Sika AG, GCP Applied Technologies, U.S. Concrete, Mapei, and Normet.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, technology upgrade, market expansion, and marketing tactics
  • The global shotcrete market report caters to various stakeholders in this industry, including investors, raw material manufacturer, end users, distributors, new entrants, and financial analysts
  • Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the shotcrete market.

Detailed Segmentation:

  • Global Shotcrete Market, By Process:
    • Wet-Mix
    • Dry-Mix
  • Global Shotcrete Market, By System:
    • Robotic
    • Manual
  • Global Shotcrete Market, By Application:
    • Underground Construction
    • Water Retaining Structures
    • Repair Works
    • Protective Coatings
    • Others
  • Global Shotcrete Market, By Geography:
    • North America
      • U.S.
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
      •  Canada
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
    •  Europe
      • UK
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
      •  Germany
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
      •  Italy
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
      •  Switzerland
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
      •  Turkey
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
      •  Russia
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
      • Rest of Europe
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
    •  Asia-Pacific
      • China
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
      •  India
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
      • Japan
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
      • ASEAN
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
      • Australia
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
      • South Korea
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
      • Rest of Asia Pacific
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
    • Latin America
      • Brazil
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
      • Mexico
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
      • Rest of Latin America
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
    • Middle East
      • GCC
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
      • Israel
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
    • Africa
      • North Africa
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
      • Central Africa
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
      • South Africa
        • By Process
          • Wet-Mix
          • Dry-Mix
        • By System
          • Robotic
          • Manual
        • By Application
          • Underground Construction
          • Water Retaining Structures
          • Repair Works
          • Protective Coatings
          • Others
  • Company Profiles
    • BASF SE *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Heidelberg Cement
    • Grupo ACS
    • Lafargeholcim
    • Cemex
    • Sika AG
    • GCP Applied Technologies
    • S. Concrete
    • Mapei
    • Normet

 “*” marked represents similar segmentation in other categories in the respective section.

Note- We will profile top 10 companies’ profiles. Also, we will provide the exhaustive list of domestic players for every region.

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet By Process
      • Market Snippet By System
      • Market Snippet By Application
      • Market Snippet By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
        • Supply Side Drivers
        • Demand Side Drivers
        • Economic Drivers
      • Restraints
      • Market Opportunities
      • Regulatory Scenario
      • Industry Trends
      • Mergers and Acquisitions
      • New Product Approvals/Launches
      • Promotion and Marketing Initiatives
    • Cost Tier Down Analysis
  4. Global Shotcrete Market, By Process, 2015–2025 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2015 & 2025 (%)
      • Y-o-Y Growth Analysis, 2015–2025
      • Segment Trends
    • Wet-Mix
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
    • Dry-Mix
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
  5. Global Shotcrete Market, By System, 2015–2025 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2015 & 2025 (%)
      • Y-o-Y Growth Analysis, 2015–2025
      • Segment Trends
    • Robotic
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
    • Manual
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
  6. Global Shotcrete Market, By Application, 2015–2025 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2015 & 2025 (%)
      • Y-o-Y Growth Analysis, 2015–2025
      • Segment Trends
    • Underground Construction
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
    • Water Retaining Structures
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
    • Repair Works
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
    • Protective Coatings
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2015–2025, (US$ Mn)
  7. Global Shotcrete Market, By Regions, 2015–2025 (US$ Mn)
    • Introduction
      • Market Share Analysis, By Region, 2015 & 2025 (%)
      • Y-o-Y Growth Analysis, For Regions, 2015–2025
    • North America
      • Market Share Analysis, By Country, 2015 & 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2015–2025
        • U.S.
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • Canada
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
    • Europe
      • Market Share Analysis, By Country, 2015 & 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2015–2025
        • U.K.
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • Germany
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • Italy
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • Switzerland
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • Turkey
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • Russia
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • Rest of Europe
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
    • Asia Pacific
      • Market Share Analysis, By Country, 2015 & 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2015–2025
        • China
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • India
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • Japan
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • ASEAN
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • Australia
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • South Korea
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • Rest of Asia Pacific
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
    • Latin America
      • Market Share Analysis, By Country, 2015 & 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2015–2025
        • Brazil
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • Mexico
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • Rest of Latin America
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
    • Middle East
      • Market Share Analysis, By Country, 2015 & 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2015–2025
        • GCC Countries
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • Israel
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • Rest of Middle East
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
    • Africa
      • Market Share Analysis, By Country, 2015 & 2025 (%)
      • Y-o-Y Growth Analysis, By Country, 2015–2025
        • Northern Africa
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • Central Africa
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
        • South Africa
          • Country Trends
          • Market Size and Forecast, By Process, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By System, 2015–2025 (US$ Mn)
          • Market Size and Forecast, By Application, 2015–2025 (US$ Mn)
  8. Competitive Landscape
    • Heat Map Analysis
    • Market Share Analysis
    • Company Profiles
      • BASF SE *
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments
        • Future Plans
      • Heidelberg Cement
      • Grupo ACS
      • Lafargeholcim
      • Cemex
      • Sika AG
      • GCP Applied Technologies
      • U.S. Concrete
      • Mapei
      • Normet
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

“*” marked represents similar segmentation in other categories in the respective section.

Note- We will profile top 10 companies’ profiles. Also, we will provide the exhaustive list of domestic players for every region.

*Browse 90 market data tables and 40 figures on "Shotcrete Market - Global forecast to 2025”.         

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.


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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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"How Can I Help You" ?

Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.

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Key Benefits

  • Custom Research Solution

    Talk to our research consultant to design an exclusive report as per your research needs.

  • Customer Fulfilment

    We aim to fulfil client's research demands with tailored research solutions.

  • Quick Turnaround Time Reports

    We aim to provide research studies in quickest turnaround time and in a much cost effective manner.

  • 360-degree Approach

    We cover each industry from supply and demand side with an aim to provide a most holistic research study.

  • Assured Quality

    We strive to provide most accurate and reliable research findings in our research reports.