The latest market report published by Credence Research “Global Shotcrete Accelerator Market: Growth, Future Prospects, and Competitive Analysis, 2015 – 2027”. The global shotcrete accelerator market generated revenue of around USD 800.27 million in 2020 and anticipated to grow at a CAGR of over 7.3% during the upcoming years from 2021 to 2027 to reach around USD 1,600.23 million in 2027.
Browse full report: https://www.credenceresearch.com/report/shotcrete-accelerator-market
Global Shotcrete Accelerator Market, 2020 – 2027 (USD Million)
Shotcrete, also known as sprayed concrete, is made by feeding concrete through a high-speed nozzle jet. Shotcrete is used in a variety of applications, including tunneling excavation and protective lining, concrete rehabilitation, building reconstruction, slope stabilization, underground construction, lightweight structures, and more.
Key Trends in Global Shotcrete Accelerator Market
Rising Construction Activities is Driving Market Growth
The rise in construction activities around the world is driving the shotcrete accelerator market. Owing to rapid urbanization, the construction of highways, bridges, and other infrastructure has increased. In the near future, growth in demand for road repair in developing economies is expected to have a major impact on the shotcrete accelerator industry. Rapid stiffeners are needed in mining activities, so an increase in mining activities around the world is expected to boost demand for shotcrete accelerators.
Global Shotcrete Accelerator Market by Type Insights
Alkali-Free Accelerator, Alkaline Aluminate Accelerator, and Alkaline Silicate Accelerator are some of the key types of shotcrete accelerator. Because of its superior mechanical properties, alkali-free concrete has a large market share and is used to form new structures. Furthermore, these do not contain alkali, making them less dangerous. For the reconstruction of old buildings, alkaline aluminate and alkaline silicates are favored, and their growth has been slow due to health risks.
Alkali-Free Accelerator Segment to Dominate the global Shotcrete Accelerator market
Global Shotcrete Accelerator Market by Type, 2020
Global Shotcrete Accelerator Market by Process Insights
Wet Mix Process and Dry Mix Process are the key process of shotcrete accelerator. In 2020, wet mix has a greater market share due to high use in tunneling and mining. When compared to the mix process, these provide better bond strength and require less manpower, making them more cost efficient. Furthermore, it is simpler to comply with labor-related laws, which have a lower rebound.
Global Shotcrete Accelerator Market Share by Process, 2020
Global Shotcrete Accelerator Market by Application Insights
Global market is segmented based on application as Mining, Construction Repair Works, Tunneling, Waterproofing Walls and Others. Mining and tunneling plays a significant role in both underground and above-ground applications. It can be due to an increase in mining operations for the production of metals and minerals around the world. Tunneling activity has increased as a result of new rain and road tunnel schemes.
Global Shotcrete Accelerator Market Share by Application, 2020
Global Shotcrete Accelerator Market by Regional Insights
During the forecast period, Asia Pacific is expected to account for a significant share of the world shotcrete accelerator market. Due to the increase in construction and mining activities in Asia Pacific, demand for shotcrete accelerator materials is expected to rise significantly. This is expected to provide enormous opportunities for new players in the shotcrete accelerator industry. This is expected to present enormous opportunities for new players in the Asia Pacific shotcrete accelerator industry.
Global Shotcrete Accelerator Market Competitive Landscape
Most prominent players in the global market include Normet Oy, Sika AG., Mapei S.P.A, BASF SE, Silkroad C & T Co., Ltd., Chryso SAS, Denka Company Limited, Cico Group, Shotcrete Technologies Inc., Fosroc, The Euclid Chemical Company, GCP Applied Technologies Inc., Basalite Concrete Products LLC, Euclid Chemical, Gemite, Muhu Construction Materials Co., Ltd., and Multicrete Systems Inc. The report covers very detailed profiles of these key players.
Global Shotcrete Accelerator Market, Company Distribution Network, 2020
Global Shotcrete Accelerator Market by Type, 2015 – 2027
· Alkali-Free Accelerator
· Alkaline Aluminate Accelerator
· Alkaline Silicate Accelerator
Global Shotcrete Accelerator Market by Process, 2015 – 2027
· Wet Mix Process
· Dry Mix Process
Global Shotcrete Accelerator Market by Application, 2015 – 2027
· Construction Repair Works
· Waterproofing walls
Global Shotcrete Accelerator Market by Region, 2015 – 2027
· North America
· Asia Pacific
· Latin America
· Middle East and Africa
Global Shotcrete Accelerator Market: Key Players
· BASF SE
· Sika AG
· Mapei SpA
· GCP Applied Technologies
· Basalite Concrete Products
· The Euclid Chemical Company