US Sprayed Concrete Market Overview
In North America, the sprayed concrete market is on the rise due to several reasons, including people preferring construction methods that are cost-effective and efficient. Sprayed concrete is becoming more popular than traditional concrete because it comes with advantages like better bonding, tensile strength, and cost efficiency. This growing preference for sprayed concrete is giving a big boost to the market in the region. Moreover, the construction sector in North America is experiencing significant growth, thanks to ongoing investments in real estate. The need for commercial buildings, such as complexes and offices, is increasing as business hubs become overcrowded, creating a demand for new structures. Additionally, there's an expected surge in tunnel projects in the coming years, contributing to the growth of the sprayed concrete market. With the construction industry expanding, the market for sprayed concrete in North America is predicted to see a Compound Annual Growth Rate (CAGR) of 7.37% over the forecast period.
Now, shifting focus to the United States, similar trends are driving the sprayed concrete market. Americans are leaning towards cost-effective and efficient construction methods, making sprayed concrete a preferred choice over traditional options. Its benefits like strong bonding, tensile strength, and cost efficiency are making it a top pick. The U.S. construction sector is also experiencing growth, fueled by continuous investments in real estate. As commercial spaces and offices are in high demand due to urban overpopulation, the sprayed concrete market is thriving. The country is also gearing up for numerous tunnel projects, aligning with the overall expansion of the construction industry. With these factors in play, the sprayed concrete market in the United States is expected to follow a similar growth trajectory as the broader North American region.
| Report Attribute/Metric |
Details |
| Market Size |
2030: USD 18,023.6 Million |
| CAGR |
8.45% CAGR (2022-2030) |
| Base Year |
2021 |
| Forecast Period |
2022 to 2030 |
| Historical Data |
2019 & 2020 |
| Forecast Units |
Value (USD Million) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
by Technology, by Application, by Material |
| Geographies Covered |
North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors |
BASF SE (Germany), HEIDELBERGCEMENT AG (Germany), CEMEX S.A.B. de C.V. (Mexico), LafargeHolcim (Switzerland), Sika AG (Switzerland), LKAB (Sweden), KPM Industries Ltd (Canada), The QUIKRETE Companies (US), GCP Applied Technologies Inc. (US), U.S. Concrete, Inc |
| Key Market Opportunities |
Growing construction industry |
| Key Market Drivers |
· Development of infrastructure · Construction of residential, commercial, and municipal buildings |
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