DUBLIN, September 14, 2021--(BUSINESS WIRE)--The "Shotcrete Accelerator Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Shotcrete Accelerator Market is projected to register a CAGR of about 6% during the forecast period (2021-2026).
DRACO Italiana SpA
Industrias Quimicas del Ebro, S.A.
MUHU (China) Construction Materials Co., Ltd
Target Products Ltd
The Euclid Chemical Company
Key Market Trends
Growing Demand from the Construction and Infrastructure Industry
The shotcrete accelerators are widely used in a variety of construction activities and are expected to be the fastest-growing market during the forecast period.
Shotcrete often referred to as sprayed concrete, before being sprayed, concrete is fed through a nozzle jet at a high speed. The other constituents such as water, setting accelerators, compressed air, etc., are introduced at the nozzle and are projected onto the surface where it adheres to the substrate immediately.
Shotcrete is widely used in excavation & protective lining for tunneling, underground construction, concrete repair, restoration of buildings, slope stabilization, lightweight structures, and other applications.
Accelerators control the setting of shotcrete after it is applied onto the substrate. The uniformity and consistency of accelerator in the shotcrete increases the quality and stability of the structure. The chemical composition and characteristics of accelerators influence on the settling of concrete.
The global construction industry is expected to reach USD 8 trillion by 2030, primarily driven by countries, such as India, China, and the United States. ?
The US Census Bureau has been providing more permits for the construction of new residential buildings due to the current trend of a multi-family building, along with a rise in the migration to cities.
According to US Census Bureau, construction spending in the United States in both private, as well as public construction in 2020, is around USD 1400 billion.
The growing need for infrastructure activities due to rapid urbanization and increasing population in emerging economies is expected to drive the market for the shotcrete accelerator during the forecast period.
Asia-Pacific Region to Dominate the Market
The Asia-Pacific region is expected to dominate the market for the shotcrete accelerator market during the forecast period due to an increase in demand from countries like China and India.
The Indian government has allocated USD 63 billion for the infrastructure sector in 2019-20 and is planning to spend USD 1.4 trillion over the next five years. Furthermore, the construction industry in India has received a major boost by the investment of USD 1.4 billion through private equity and venture capital investments during October 2019.
Globally, India is the second-largest producer of coal with around 730 million tons of coal in FY2019 and the fourth-largest in iron ore with 187 million tons in FY2019. According to the Ministry of Mines, India has the seventh-largest bauxite reserves in the world.
Moreover, according to the National Development and Reform Commission of China, the Chinese government approved 26 infrastructure projects at an estimated investment of about USD 142 billion in 2019 which are expected to be completed by 2023. The growing infrastructure investment and building of complex structures are expected to drive the market for a shotcrete accelerator.
The aforementioned factors, coupled with government support, are contributing to the increasing demand for the shotcrete accelerator market in the Asia-Pacific during the forecast period.
Key Topics Covered:
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1.1 Growing Demand from the Construction and Infrastructure Industry
4.1.2 Increasing Demand from the Mining Sector
4.2.1 Limited Performance of Alkali-Free Shotcrete Accelerators
4.2.2 Unfavourable Conditions Arising Due to the COVID-19 Outbreak
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
5 MARKET SEGMENTATION
5.2 Mixing Process
6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share Analysis/Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Growing Investments in Infrastructure from Emerging Economies
For more information about this report visit https://www.researchandmarkets.com/r/r5suo6
View source version on businesswire.com: https://www.businesswire.com/news/home/20210914006011/en/
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