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Shotcrete Accelerator Market By Type (Alkali-Free Accelerator, Alkaline Aluminate Accelerator, Alkaline Silicate Accelerator) By Process (Wet Mix Process, Dry Mix Process) By Application (Mining, Tunneling, Construction Repair Works, Waterproofing walls, Others): Growth, Future Prospects & Competitive Analysis, 2015 - 2027

Shotcrete accelerators are materials that harden quickly, so they are used to support and stabilize structures without the use of molds. Shotcrete accelerators have the most common application at construction sites because they provide fast stiffening. This aids the freshly applied material in providing structural backing to the building. Shotcrete accelerators are often non-corrosive and non-caustic, providing quick settings and instant and long-term power. The global Shotcrete Accelerator market is expected to present a cumulative growth opportunity of over USD 7,875 million over the forecast period, with an attractive CAGR of over 8.5%. The global revenue generated by the Shotcrete Accelerator market in 2020 was valued at around USD 800 million, projected to surpass USD 1,425 million valuations in 2027.

Global Shotcrete Accelerator Market

Construction and Mining Activities to Propel the Demand for Shotcrete Accelerators

Shotcrete Accelerator is mainly used in construction and mining activities. Underground construction is one of the important application markets with growing infrastructure projects across the world. An increasing number of tunnels are being constructed for subways, automobiles, and railways. Similarly, mining tunnels are also increasing due to underground mining activities. Shotcrete Accelerator is used for the tentative as long-lasting reinforcement of excavations. Shotcrete Accelerators offer higher stability to the excavations with a waterproof enclosure. Rising construction and mining activities worldwide are likely to drive the demand for Shotcrete Accelerator worldwide.

Impact of COVID 19

COVID-19 has a negative effect on the construction and mining sectors, among other industries. Many programs were suspended in the year 2020 because of a lack of funds, labor shortages, and lockout legislation. In addition, an influx of migrant workers, also acknowledged as informal sector workers, causes harm to the supply chain due to a ban on inter-state travel. This resulted in less construction material use, as well as a reduction in demand and supply. However, due to developing economies such as China and India, the construction industry is expected to expand in the coming years, growing the demand for shotcrete accelerators in the construction industry. As a result, the demand is expected to expand once it has recovered.

Interesting Facts About Shotcrete Accelerator

  • Shotcrete Accelerators are the most feasible and useful method for placing structural concrete
  • Shotcrete Accelerators are very helpful for underground construction and mining activities
  • The Asia Pacific will dominate the global Shotcrete Accelerators market over the forecast period
  • Alkali free Shotcrete Accelerators are in great demand due to their superior mechanical properties
  • Shotcrete Accelerators are majorly preferred in Wet Mix Process

Emerging Economies to Dominate the Shotcrete Accelerator market

Global Shotcrete Accelerators market is mainly dominated by the Asia Pacific region owing to huge demand from China, South Korea, India, Japan, and other South Asian economies. The Asia Pacific held over 50% share in total revenue generated in 2020 and is expected to provide considerable growth opportunities for industry participants in the years to come. Growing economies and increasing industrialization in the region resulted in a sharp increase in infrastructure development projects and mining activities. In addition, increasing government initiatives and spending on infrastructure projects related to underground tunneling for subways, railways, roadways, etc., has resulted in the growing demand for Shotcrete Accelerators in the region. China, India, Japan, and South Korea are the backbones of strong growth in the Asia Pacific.

Multiple Benefits offered by Wet Mix Process

Wet Mix Process and Dry Mix Process are the key process types through which Shotcrete Accelerator is performed. In 2020, Wet Mix Process accounted for the largest share of the Shotcrete Accelerator market. The wet process is largely being used in tunneling and mining owing to easiness as it uses previously prepared concrete. Secondly, it results in lesser waste and rebound and dust. Moreover, the wet process facilitates rapid settling and early strength. This, in turn, fuels the demand for wet process mix.

Alkali-Free Accelerator Poised to Grow at Rapid Pace

Alkali-Free Accelerator, Alkaline Aluminate Accelerator, and Alkaline Silicate Accelerator are some major types of Shotcrete Accelerator. Alkali-Free Accelerator segment accounted for the largest share of over 30% in 2020. Alkali-free Shotcrete Accelerators are growing in demand as they are compatible with environmental and labor-friendly laws and regulations. Additionally, increasing the use of alkali-free Shotcrete Accelerators is claimed to increase the quality and life span of concrete structures as alkaline accelerators result in loss of mechanical resistance of concrete.                       

Build Your User Case with Credence Research

The global Shotcrete Accelerators market research report offers its readers the most actionable insights and assists in building an accurate User Case. First, the report helps identify the major players operating in the market and their capabilities that help to understand market competition. Secondly, it provides related end-user industries with their potential for future growth across the world. Key market trends such as market driving forces, restraints, and major opportunities prevailing in the industry are covered in detail in this report. The report also helps in understanding consumption patterns and buying behaviors of end-users from different industries. BASF SE, Silkroad C & T Co., Ltd., Sika AG., Chryso S.A.S., Normet Oy, GCP Applied Technologies Inc., Mapei S.P.A., Cico Group, Basalite Concrete Products L.L.C., Shotcrete Technologies Inc., Fosroc, Denka Company Limited, The Euclid Chemical Company, Muhu Construction Materials Co., Ltd., and Multicrete Systems Inc are some of the major players operating in the global Shotcrete Accelerators market.

Ans: Wet Mix Process is the most common process used in Shotcrete Accelerator

Ans: Chryso SAS, GCP Applied Technologies Inc., Muhu Construction Materials Co., Ltd., Denka Company Limited, Shotcrete Technologies Inc., Cico Group, Basalite Concrete Products LLC, Fosroc, The Euclid Chemical Company, Euclid Chemical, Gemite, are the key players operating in this market

Ans: Mining and tunneling application offers tremendous opportunities to players

Ans: Asia-Pacific has the largest share owing to various developments happening in this space

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Published Date:  Apr 2021
Category:  Chemicals
Report ID:   60335
Report Format:   PDF
Pages:   120
Rating:    4.3 (56)
Delivery Time: 24 Hours to 48 Hours   
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