Dry Mix Sprayed Concrete Market Size, Share & Trends Analysis Report By End-use (Residential, Commercial, Infrastructural), By Region, And Segment Forecasts, 2024 - 2030

Market Size & Trends

The global dry mix sprayed concrete market size was estimated at USD 2.98 billion in 2023 and is projected to grow at a CAGR of 7.8% from 2024 to 2030. This growth is attributed to the rising demand from the construction sector and increased use of dry-mix concrete for various applications, such as mining, tunneling, and slope stabilization. Moreover, it offers multiple environmental advantages compared to traditional concrete, which include reduced material waste and lower energy consumption. In addition, the superior bonding characteristics and weather resistance offered by the dry-sprayed concrete can result in long-lasting structures, reducing the need for frequent repairs, and lowering the overall negative environmental impact.

The ongoing trend of infrastructure development, including new construction and repair in emerging economies, such as China, India, and Brazil, is likely to create new opportunities for the industry. In addition, advancements in technologies, such as the development of admixtures and the application method of dry mix sprayed concrete, to improve the performance of materials are making it preferable for construction contractors. These factors are anticipated to fuel market demand over the forecast period. Key companies undertake various strategies, such as business expansion, improving the supply chain, and partnerships & collaborations. In addition, major players invest in R&D to innovate and develop new products, technologies, and processes with enhanced performance and efficiency.

Market Concentration & Characteristics

The industry growth stage is medium, and the pace of its growth is accelerating. The global market is dominated by many domestic and international companies. Major players are focusing on strengthening the supply chain and distribution network to gain market share. In addition, these players are also investing in R&D to manufacture new and improved dry mixes tailored to specific applications.

The industry is subject to the high impact of safety regulations and standards as they establish minimum quality and performance standards. The manufacturers are obliged to comply with the regulations to ensure the durability, strength, and reliability of the structural components made using dry mix sprayed concrete.

The threat of substitutes is expected to be medium over the forecast period due to the presence of various substitutes, including wet-mix shotcrete and hand-applied concrete. Wet mix offers advantages, such as higher quality and consistency, greater strength, and durability. However, the benefits of dry-sprayed concrete, including faster application and reduced dust generation, are likely to lower the negative impact.

Application Insights

The infrastructural segment accounted for the highest revenue share of over 45.1% in 2023 and is expected to witness significant growth over the forecast period. This is due to extensive product usage in tunnel linings and slope stabilization projects, where long-term stabilization is essential to ensure durability and safety. Furthermore, the projects involved in infrastructure development often require large amounts of sprayed concrete to improve structural performance, which in turn is anticipated to boost its market demand.

The commercial application segment is anticipated to grow at a significant CAGR from 2024 to 2030. Building facades and parking structures are the major areas where dry shotcrete is highly utilized. The application of this material in the above-mentioned structures offers high strength and versatility and a customizable alternative to traditional materials. These factors are predicted to support market growth.

Regional Insights

The dry mix sprayed concrete market in North America is expected to witness rapid growth in the coming years due to aging infrastructure, resulting in the rising need for repair and maintenance of structures, including underground mining and tunneling.

U.S. Dry Mix Sprayed Concrete Market Trends

The U.S. dry mix sprayed concrete market accounted for the largest share of 79.5% in 2023. Stringent regulations by the U.S. government related to the environmental impact of construction activities are expected to increase the consumption of dry-sprayed concrete, which reduces emissions and meets the requirements of the government.

The dry mix sprayed concrete market in Canada is expected to grow at a CAGR of 6.4% from 2024 to 2030 due to high product demand on account of its ability to withstand harsh weather conditions, including freezing temperatures, making it a preferable option for Canadian construction projects.

Asia Pacific Dry Mix Sprayed Concrete Market Trends

The Asia Pacific dry mix sprayed concrete marketaccounted for a revenue share of 33.4% in 2023 owing to factors, such as rapid economic development and surge in infrastructure development in countries, such as China, India, Japan, and South Korea that include extensive subway systems, high-speed rail networks, bridges, and underground transportation.

The dry mix sprayed concrete market in India is expected to grow at a CAGR of 7.9% from 2024 to 2030 owing to its rising population, which has increased the need for new construction of buildings and infrastructure in the country.

Europe Dry Mix Sprayed Concrete Market Trends

The Europe dry mix sprayed concrete market is anticipated to grow at a significant rate over the coming years owing to the presence of countries having mountain terrain. This has significantly increased the consumption of dry-sprayed concrete for slope stabilization and tunneling.

The dry mix sprayed concrete market in Germany accounted for the highest revenue share of 21.1% in 2023 owing to stringent regulations related to dust emissions. Dry shotcrete reduces dust generation and lowers water usage compared to its alternative, resulting in higher consumption over the forecast period.

The UK dry mix sprayed concrete market is anticipated to grow at a CAGR of 6.5% from 2024 to 2030. Government initiatives, such as "Construction 2025", to boost the construction sector are likely to fuel market growth.

Central & South America Dry Mix Sprayed Concrete Market Trends

The dry mix sprayed concrete market in Central & South America is expected to witness significant growth over the coming years owing to the booming infrastructure development in the region, especially in urban areas. In addition, dry-sprayed concrete offers numerous advantages, such as reduced labor cost, rapid construction, and enhanced structural integrity, making it an appealing option for various construction projects, from tunnels to building foundations.

The Brazil dry mix sprayed concrete market is expected to grow at a CAGR of 6.1% from 2024 to 2030. Factors such as high infrastructure development, the growing mining industry, and technological advancements have led to the adoption of dry-mix sprayed concrete in Brazil.

Key Dry Mix Sprayed Concrete Company Insights

Some of the key players operating in the industry include Freyssinet, CEMEX S.A.B de C.V., and BASF SE.

• Freyssinet is engaged in designing, constructing, and repairing building structures. The company specializes in prestressing, cable-stayed structures, construction methods, structural accessories, structural repair and reinforcement, and structural maintenance

• BASF SE operates in various segments, including building materials, chemicals, industrial solutions, nutrition & care, agricultural solutions, and surface technologies. BASF is known for its research & development activities to develop technologically advanced processes to address construction, agricultural, and personal care challenges

The Euclid Chemical Company, Mapei S.P.A., and Normet Group are some of the emerging participants in the dry mix sprayed concrete market.

• The Euclid Chemical Company is a leading producer of a wide range of construction products. Its product portfolio includes admixtures, cement additives, concrete fibers, decorative products, polished concrete, and underground construction products

• Mapei S.P.A. is an Italian company that is engaged in the procession of chemicals and materials for the construction industry, such as flooring process, concrete additives, sealants, and adhesives. The company serves residential, commercial, infrastructure, and industrial projects

Recent Developments

• In December 2023, Sika AG announced the procession line for concrete admixture Sigunit in Luxembourg. The new procession line will be used for transporting shotcrete accelerators more efficiently for major infrastructure projects, such as the Second Gotthard Road Tunnel in Switzerland and other significant tunnel projects in neighboring countries, including Germany and Austria

Dry Mix Sprayed Concrete Market Report Scope

Global Dry Mix Sprayed Concrete Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the dry mix sprayed concrete market report based on end-use and region:

• End-use Outlook (Revenue, USD Billion, 2018 - 2030)

  • Residential

  • Commercial

  • Infrastructural

• Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • UK

    • Germany

    • France

    • Italy

    • Spain

  • Asia Pacific

    • China

    • India

    • Japan

  • Central & South America

    • Brazil

  • Middle East & Africa