Sprayed Concrete Market Size

Market Size Snapshot

Note – Market size depicts the revenue generated over the financial year

The Sprayed concrete market is valued at around $ 9.9 billion in 2023 and is projected to reach $ 13.5 billion by 2032, at a CAGR of 3.5% from 2024 to 2032. This growth pattern reflects a steady increase in demand for sprayed concrete solutions, driven by the expansion of the construction and infrastructure industries worldwide. In addition, the growing need for durable and efficient building materials, especially in tunneling, mining, and underground construction, is a significant factor driving the market. The development of high-performance materials and the automation of spraying technology are also driving market growth. The market is dominated by BASF SE, Sika AG, and CEMEX. Strategic alliances and acquisitions are expected to expand the product portfolio and market share. Spray concrete technology is developing rapidly, and as urbanization accelerates, the market is expected to grow steadily.

Regional Market Size

Regional Deep Dive

The sprayed concrete market is experiencing significant growth in all regions, owing to the rise in urbanization, the development of the construction industry, and the advancement of the building technology. Each region has its own characteristic features, which are mainly influenced by the local economic conditions, the legal framework, and the cultural environment. North America has a strong construction industry and a growing underground mining and tunneling market. Europe focuses on sustainable and green building. The Asia-Pacific region is experiencing rapid urbanization and large-scale building and civil engineering projects. The Middle East and Africa are characterized by large-scale construction projects. Latin America is focused on modernization and refurbishment.

Europe

• In Europe, there is a growing trend towards sustainable construction practices, with organizations like the European Concrete Platform promoting the use of sprayed concrete as a more environmentally friendly option.
• The European Union's Green Deal is influencing construction regulations, encouraging the adoption of innovative sprayed concrete technologies that reduce carbon footprints and enhance energy efficiency.

Asia Pacific

• The Asia-Pacific region is undergoing rapid urbanization. With China and India investing heavily in large-scale infrastructure projects, the demand for sprayed concrete has increased.
• Innovations in sprayed concrete technology, such as the development of fiber-reinforced variants, are being driven by local companies like China National Building Material Group, enhancing the performance and application scope of sprayed concrete.

Latin America

• Latin America is focusing on urban renewal projects, with countries like Brazil and Mexico investing in infrastructure improvements that leverage sprayed concrete for its cost-effectiveness and speed of application.
• Local companies are increasingly adopting sprayed concrete technologies to meet the demands of seismic-resistant construction, particularly in earthquake-prone areas like Chile.

North America

• The North American market is seeing a surge in demand for sprayed concrete due to the increasing number of infrastructure projects, particularly in tunneling and mining, with companies like BASF and Sika leading the innovation in materials.
• Regulatory changes aimed at enhancing safety standards in construction are pushing contractors to adopt sprayed concrete solutions, which are recognized for their durability and efficiency.

Middle East And Africa

• The Middle East is characterized by ambitious construction projects, such as the NEOM city in Saudi Arabia, which is expected to utilize advanced sprayed concrete techniques for its futuristic designs.
• Government initiatives in the UAE, such as the Dubai 3D Printing Strategy, are promoting the use of sprayed concrete in construction, aiming to make 25% of buildings in Dubai 3D printed by 2030.

Did You Know?

“Sprayed concrete can be applied at a thickness of up to 30 cm in a single pass, making it a highly efficient solution for various construction applications.” — International Society for Rock Mechanics

Segmental Market Size

The Sprayed Concrete Market is growing steadily, primarily driven by the rising demand for construction and civil engineering projects. This is mainly due to the increasing demand for fast-track construction methods and increased structural integrity, especially in tunneling and underground works. Also, the regulatory framework promoting sustainable construction is promoting the use of sprayed concrete solutions, which offer reduced waste and improved energy efficiency. Sprayed concrete solutions are already widely used in the Crossrail project in London and in several metro systems in Asia. In mining and civil engineering, the most common applications include slope protection, rock support and rock bolting. These are mainly used in underground mines, in the construction of mine shafts and in the lining of underground galleries and in the construction of rock bolting. Urbanization, government initiatives for the development of transport and other public works, as well as the development of spraying technology, such as robotic spraying and fiber-reinforced concrete, are driving the market. Sprayed concrete has become a more efficient and effective solution for modern construction.

Future Outlook

Sprayed concrete is a new construction material, which is widely used in the construction industry. The market is expected to grow steadily from 2023 to 2032, with a compound annual growth rate (CAGR) of 3.42% from the amount of $ 9.98 billion to $13.49 billion. Sprayed concrete is in great demand in tunneling, mining and construction. This is mainly due to the continuous urbanization and the construction of public works in the world. Sprayed concrete will be more widely used in new and old markets, especially in emerging economies where the construction of public works is in progress. Sprayed concrete technology will also develop rapidly. The development of high-performance sprayed concrete mixtures and the automation of spraying equipment will greatly improve the efficiency and effectiveness of the spraying process. Strict safety regulations and sustainable development requirements will also drive the development of sprayed concrete. Compared with other materials, sprayed concrete has a higher performance in terms of long-term performance and the environment. Sprayed concrete is the future of construction and infrastructure.