Global Shotcrete Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Technique;

Wet Mix and Dry Mix.

By Application;

Underground Construction, Water Retaining Structures, Protective Coatings and Repair Works.

By System;

Manual System and Robotic Spraying System.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn428687579 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Shotcrete Market (USD Million), 2021 - 2031

In the year 2024, the Global Shotcrete Market was valued at USD 7,300.59 million. The size of this market is expected to increase to USD 11,570.62 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.8%.

The shotcrete market has seen significant growth globally in recent years, driven by various factors such as rapid urbanization, infrastructural development, and increasing construction activities across the residential, commercial, and industrial sectors. Shotcrete, also known as sprayed concrete or gunite, offers numerous advantages over traditional concrete, including higher strength, faster construction times, and the ability to be applied to complex surfaces.

One of the key drivers behind the growth of the shotcrete market is the increasing demand for infrastructure projects, particularly in developing economies where governments are investing heavily in transportation, energy, and public utilities. Shotcrete finds wide application in tunnel construction, slope stabilization, and underground excavations due to its versatility and ability to conform to irregular shapes and contours.

The growing awareness about the benefits of shotcrete in terms of cost-effectiveness and durability has led to its widespread adoption in the construction industry. Contractors and developers are increasingly opting for shotcrete solutions to meet project deadlines and ensure long-term structural integrity.

The market is also witnessing technological advancements, such as the development of fiber-reinforced shotcrete, which further enhances its mechanical properties and resistance to cracking. These innovations are expected to drive the demand for shotcrete across various construction applications, fueling the market growth in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technique
    2. Market Snapshot, By Application
    3. Market Snapshot, By System
    4. Market Snapshot, By Region
  4. Global Shotcrete Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Infrastructure Development
        2. Advancements in Construction Technology
        3. Increasing Urbanization
        4. Focus on Sustainable Construction
        5. Rehabilitation of Aging Infrastructure
      2. Restraints
        1. High Initial Costs
        2. Challenges in Quality Control
        3. Limited Awareness and Adoption
        4. Regulatory Hurdles
        5. Competition from Alternative Materials
      3. Opportunities
        1. Growing Construction Industry
        2. Technological Advancements
        3. Focus on Infrastructure Resilience
        4. Expansion into New Applications
        5. Emerging Markets
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Shotcrete Market, By Technique, 2021 - 2031 (USD Million)
      1. Wet Mix
      2. Dry Mix
    2. Global Shotcrete Market, By Application, 2021 - 2031 (USD Million)
      1. Underground Construction
      2. Water Retaining Structures
      3. Protective Coatings
      4. Repair Works
    3. Global Shotcrete Market, By System, 2021 - 2031 (USD Million)
      1. Manual System
      2. Robotic Spraying System
    4. Global Shotcrete Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. BASF SE
      2. Sika AG
      3. KPM Industries Ltd.
      4. CEMEX S.A.B. de C.V.
      5. HeidelbergCement AG
      6. GCP Applied Technologies Inc.
      7. LKAB Berg & Betong AB
      8. Euclid Chemical Company
      9. U.S. Concrete, Inc.
      10. Normet Group Oy
  7. Analyst Views
  8. Future Outlook of the Market