Shotcrete Accelerator Market Analysis by Growth: 2023, Business Dynamics, Product Segments and Regional Overview 2030

Shotcrete is a mortar that can be supplied through a pipe and projected at high-speed velocities on to the desired surface.

BURLINGAME, CALIFORNIA, UNITED STATE, December 1, 2023 /EINPresswire.com/ -- Market Overview:

Shotcrete, also known as sprayed concrete, is a spraying technique to apply concrete onto a surface such as walls, tunnel interiors, and so on. Shotcrete accelerators are admixtures that are added to concrete mixtures to accelerate the early strength development and setting time of shotcrete. Some key uses of shotcrete include underground construction works, slope stabilization, repairs of concrete structures, and more.

Market Dynamics:

The shotcrete accelerator market is expected to witness significant growth over the forecast period owing to increasing construction activities and infrastructure development projects across the globe. Rapid urbanization coupled with the rising population has boosted infrastructure development activities in both developed and developing countries. This increasing demand for construction has widened the application of shotcrete in various construction projects such as tunnels, underground construction, and repairing of structures. Furthermore, rising mining activities are also fueling the demand for shotcrete accelerators in applications such as slope stabilization and ground support. Various government initiatives for infrastructural development and industrialization are further augmenting the growth of the shotcrete accelerator market.

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Major market players included in this report are:

★ Sika AG.
★ Mapei S.P.A
★ BASF SE
★ Normet Oy
★ Chryso SAS
★ GCP Applied Technologies Inc.
★ Denka Company Limited
★ Fosroc
★ The Euclid Chemical Company
★ Cico Group
★ Shotcrete Technologies Inc.
★ Basalite Concrete Products LLC
★ Silkroad C & T Co. Ltd.
★ Euclid Chemical
★ Muhu Construction Materials Co. Ltd.
★ Gemite
★ Multicrete Systems Inc.

*Disclaimer: Major Players are sorted in no particular order.

Detailed Segmentation:

On the basis of type:
✦ Alkali-Free Accelerator
✦ Alkaline Aluminate Accelerator
✦ Alkaline Silicate Accelerator

On the basis of Grade:
✦ Liquid Accelerator
✦ Powdered Accelerator

On the basis of Process:
✦ Wet Mix Process
✦ Dry Mix Process

On the basis of Application;
✦ Mining
✦ Tunneling
✦ Construction Repair Works
✦ Waterproofing walls
✦ Others

Regional Analysis:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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✦ Infrastructure Development is Driving Shotcrete Accelerator Market Growth

The growing infrastructure development activities around the world is one of the major drivers fueling the demand for shotcrete accelerators in the construction industry. Shotcrete accelerators provide faster construction of infrastructure projects like tunnels, bridges, dams etc through rapid hardening of shotcrete. The recent investments by various governments in road, rail and building infrastructure is expected to boost the consumption of shotcrete accelerators in the coming years. Furthermore, increasing urbanization is also necessitating more infrastructure development in cities and metropolitan areas to accommodate the growing population which will support the shotcrete accelerator market.

✦ Rising Environmental Regulations can Restrain Shotcrete Accelerator Usage

Stringent environmental laws and regulations regarding volatile organic compound (VOC) emissions are posing a challenge for the shotcrete accelerator market. Many countries and regions have imposed restrictions on the VOC content in concrete admixtures and accelerators. This is compelling manufacturers to develop low-VOC and zero-VOC shotcrete accelerator products. However, these eco-friendly products are currently more expensive than conventional accelerators. The additional costs associated with developing and marketing low-VOC shotcrete accelerators can negatively impact the demand to some extent until their prices become competitive.

✦ Adoption of Tunneling Method using Shotcrete Presents a Major Opportunity

The growing adoption of tunnel boring machine (TBM) method for constructing tunnels is opening new opportunities for shotcrete accelerator sales. Unlike the traditional drill-and-blast method, TBM method uses precast concrete segments for lining tunnels which are installed using shotcrete. This significantly increases the consumption of shotcrete and associated accelerators in tunneling projects. With more countries investing inmetro projects, road tunnels and hydro tunnels, the TBM tunneling activity is expected to rise in the coming years creating a sustained demand for shotcrete accelerators.

✦ Focus Shifting Towards Developing Green Shotcrete Accelerators

Stricter emission regulations are propelling shotcrete accelerator manufacturers to focus on developing environment-friendly product variants. Several companies have already launched low-VOC and zero-VOC accelerator grades made from bio-based and recycled materials. Some players are also exploring the potential of industrial byproducts as substitutes for traditional raw materials. The growing emphasis on sustainability is driving the shotcrete accelerator market towards green product innovations.This emerging trend is anticipated to reshape industry dynamics in the long run with eco-friendly variants dominating new product launches.

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Key Questions

• How much revenue will the global Shotcrete Accelerator Market generate by the end of the forecast period?

• What regions currently contribute the maximum share to the overall Shotcrete Accelerator Market?

• What are the indicators expected to drive the global Shotcrete Accelerator Market?

• Which region is likely to be a lucrative market during the forecast period?

• What are the essential strategies incorporated by key stakeholders in the global Shotcrete Accelerator Market to expand their geographical presence?

• What are the major advancements witnessed in the global Shotcrete Accelerator Market?

• This report answers these questions and more about the global Shotcrete Accelerator Market, aiding major stakeholders and key players in making the right decisions and strategizing for the advancement of their business.

Table Of Content

Chapter No. 1 Introduction

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. USP & Key Offerings

1.2. Key Benefits for Stakeholders

1.3. Target Audience

1.4. Report Scope

Chapter No. 2 Executive Summary

2.1. Key Findings

2.1.1. Top Investment Pockets

2.1.1.1. Market Attractiveness Analysis, By Type

2.1.1.2. Market Attractiveness Analysis, By End Use

2.1.1.3. Market Attractiveness Analysis, By Region

2.2. Market Snapshot

2.3. Global Shotcrete Accelerator Market, 2018 – 2022 (US$ Million)

2.4. Insights from Primary Respondents

Chapter No. 3 COVID-19 Impact Analysis

3.1. Impact Assessment of COVID-19 Pandemic, By Region

3.1.1. North America

3.1.2. Europe

3.1.3. Asia Pacific

3.1.4. Latin America

3.1.5. The Middle East and Africa

Chapter No. 4: Company Profiles

4.1 Company Overview
4.2 Financial elements
4.3 Product Landscape
4.4 SWOT Analysis
4.5 Systematic Outlook

Chapter No. 5: Assumptions and Acronyms

Chapter No. 6: Research Methodology

Chapter No. 7: Contact (Continue . . .)

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