GITNUX MARKETDATA REPORT 2024

Sprayed Concrete Industry Statistics

The sprayed concrete industry is expected to experience steady growth driven by increasing demand for infrastructure projects worldwide.

Statistic 1

"The market is expected to grow at a compound annual growth rate (CAGR) of 8.0% from 2021 to 2027."

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Statistic 2

"Underground construction holds the highest revenue share in the market."

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Statistic 3

"In terms of process, the dry mix segment dominated the market with a share of more than 55% in 2019."

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Statistic 4

"Asia Pacific led the market in terms of revenue in 2019, accounting for more than 35.0% of the total."

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Statistic 5

"By 2027, the steel fiber segment of Sprayed Concrete market is projected to reach USD 11.75 billion."

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Statistic 6

"The major companies operating in the market have integrated operations across the value chain from raw material supply to end-use industries."

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Statistic 7

"Europe presents significant opportunities for market growth owing to the region's mature construction industry."

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Statistic 8

"The transportation sector held a significant share in terms of application segmentation in 2019."

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Statistic 9

"Sprayed Concrete technology usage in the repair and restoration of existing infrastructure will grow by 2027."

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Statistic 10

"Increasing demand from the mining sector fuels the growth of the sprayed concrete market."

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Statistic 11

"The civil engineering sector is expected to exhibit lucrative growth over the forecast period."

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Statistic 12

"North America is anticipated to exhibit significant growth over the forecast period."

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Statistic 13

"The increasing usage of sprayed concrete in underground construction will be a significant trend in the forthcoming years."

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Statistic 14

"Rapid urbanization in developing countries is expected to push the demand for sprayed concrete."

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Statistic 15

"The Latin America Sprayed Concrete Market is projected to grow with a significant CAGR over the forecast period."

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Statistic 16

"Factors such as the growing popularity of low-cost housing and increasing industrialization are propelling the market growth."

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Statistic 17

"The Middle East and Africa region is set to grow significantly due to the surge in tunnel construction and mining activities."

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Statistic 18

"Over the forecast period, the global sprayed concrete market is likely to witness an increase in the rate of mergers and acquisitions and a rise in the number of partnerships and collaborations."

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Statistic 19

"The non-metallic segment is growing rapidly in the market due to its superior properties like lower costs, better impact resistance, and enhanced flexural strength."

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