Sprayed Concrete Market share Future, Solutions, User Prospects And Forecasts To 2028

Sprayed concrete is concrete sprayed into a place through a hose. It is also known as gunite or shotcrete and used for rapidly expediting concrete construction. Repair of damaged buildings, tunnel linings, and underground reservoirs are its major applications. The global sprayed concrete market report by Market Research Future (MRFR) unearths important trends and challenges to be faced by the industry in light of the COVID-19 pandemic. It contains a comprehensive solution for industry leaders coupled with estimations for the forecast period (2021-2028).

Market Scope

The global sprayed concrete market share is expected to expand at 8.45% over the forecast period owing to rise of commercial and residential building construction. Upgrade in infrastructure coupled with expedited time for construction can facilitate market growth. Rise of urbanization, investments in tunneling projects, and efficiency of shotcrete are other drivers of the market. Construction of swimming pools, sculptures, modern homes, and dams are likely to create new growth opportunities to the market.

The COVID-19 pandemic has negatively impacted the use of concrete owing to dip in infrastructural projects. Efforts made in buttressing the healthcare infrastructure for curbing the spread of the virus have caused the decline in demand of concrete. However, government fiscal stimulus packages for reviving economies can bode well for the market.

But safety hazards pertaining to the use of sprayed concrete can hamper its demand. Shortage of skilled laborers owing to the recession and the pandemic can stunt the market growth.

Segmentation

On the basis of process, the sprayed concrete market is divided into wet process and dry process. The wet process segment is dominating the market, owing to various advantages such as controlling on water content, easy spraying, and adding admixtures as per design requirement during the preparation of the mix.

On the basis of system, the sprayed concrete market is divided into robotic spraying system and manual system. The robotic spraying system is the dominating segment, owing to the growing demand for simplifying the tasks of the operator and the lack of trained spraying equipment operators.

On the basis of application, the global sprayed concrete market is segmented into underground construction, protective coatings, strengthening & repair, retaining walls, water-retaining structures, and specialty construction. The underground construction segment holds the maximum market share owing to increasing underground construction globally. Utilization of gunite in tunnels, drains, and mines for repairing the lining and maintaining natural surroundings can drive the demand of sprayed concrete in the application.

Regional Analysis

North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW) are regions considered for the global sprayed concrete market.

Europe is expected to be a lucrative market owing to rapid construction of municipal, residential, and commercial buildings. Repair of underground tunnels and sewage systems require concrete with a high degree of strength and high drying period. Sprayed concrete can be used in adhering to surfaces rapidly and expedite construction period. Construction of new tunnels such as the Herrschaftsbucktunnel in Germany used sprayed concrete for preventing falling of rocks and assuring worker safety. Germany and the U.K. are two large countries contributing the maximum to market demand in the coming years. This is attributed to low-interest rates of mortgages, increasing construction of private housing, and a large populace.

Competitive Landscape

The key players of global sprayed concrete market are 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. (US).

Industry News

CEMEX, a North America based company, has provided sprayed concrete solutions to the city of London for strengthening the shafts and launch tunnels in the sewage system. The company aims to keep the supply consistent for completing the Tideway project during the COVID-19 pandemic.

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Stone Paper Market Size | Research Insights, Leading Players, Current Trends And COVID-19 Impact Analysis

Market Synopsis

Market Research Future (MRFR) postulates that the global stone paper market is estimated to project a stellar CAGR during the forecast period (2021-2028). The accelerating demand for stone paper from the packaging industry is likely to favor the market growth. Stone paper is a kind of extremely durable, ecofriendly, and highly strong paper which is also referred to as rock paper. It can be recycled and reformed into stone paper again which is not recyclable but is compostable and photo degradable under commercial conditions. These kinds of paper are perfect for bags, packaging, wrappers, stationery, grease proof paper, adhesives, and containers. This new type of paper technology allows it to be recycled in high polymer interface.

Global Stone Paper Market: Segmental Analysis

The global Stone Paper Market Size has been segmented on the basis of material and application.

By mode of material, the global stone paper market has been segmented into calcium carbonate, high-density polyethylene, and others.

By mode of application, the global stone paper market has been segmented into packaging paper, labelling paper, self-adhesive paper, and others. Among these, the packaging paper application is likely to command the major share in the global market due to the surging concerns regarding the environment owing to the use of plastics. Consumers are thereby preferring to opt for paper-based packaging which has triggered the demand for stone paper in packaging application.

Regional Insights

Geographically, the stone paper market span across regions namely, North America, Europe, Asia Pacific, and Rest-of-the-World (ROW).

Considering the global scenario, the Asia Pacific region is likely to command the largest share in the global market. The region is predicted to retain its pole position owing to the accelerated growth of the e-commerce platforms, organized retails, and rapidly surging economies. With the rising disposable income, low cost of production, and a surging middle-class population, the demand for stone paper has triggered in this region. Moreover, the easy availability of raw materials has triggered its demand.

North America is likely to exhibit a significant growth rate during the appraisal period due to the constant advancements in technology in this region. Also, the continuous support from the government and environmental organizations has spurred the market growth.

The European region is estimated to gain prominence in the next couple of years owing to the surging demand from the packaging industry in economies like Germany, Russia, Italy, France, and the U.K. New product launch, technological advancements, and surging global presence of market players in this region has contributed to its growth.

Industry Updates

February 04, 2019: Exclusively made from stone paper, the RockBook Erasable Notebook Bundle comprises six RockBoards and two RockBooks which can be used over and over again. These eco-friendly, ingenious, notebooks feature paper made from stone, which results in a completely smooth writing experience with waterproof, mothproof, and tear-resistant.

Competitive Dashboard

The prominent players operating in the global stone paper market comprises Stone Paper Company Ltd., Kapstone Paper, Gaia-Concept BV, Taiwan Lung Meng Technology Co. Ltd., Sòluz Stone Paper S.A., Packaging Corporation, and Parax Paper.

Market Potential and Pitfalls

The surging packaging industry due to the need for high-quality and effective labelling and improve the aesthetics of the packaged products, the stone paper is in high demand across the globe. The increasing application scope of stone paper in labelling, packaging, and self-adhesive paper due to ecological impacts with regards to usage of water, energy, deforestation, and carbon emissions, the stone paper market is in high demand. High investments in R&D and development of new products in manufacturing techniques are some of the major strategies adopted by the manufacturers which further contribute to the market’s growth across the globe.

With the growth in retails and e-commerce sectors, the packaging scope has widened, further influencing the growth of stone paper market. The presence of a substantial number of suppliers has propelled the market’s growth worldwide. As stone paper enables to enhance the aesthetic properties of the products which are required to be packed, besides offering an eco-friendly and economical solution, the stone paper market is likely to flourish across the globe. Moreover, the growing concern of the consumers associated with the pollution caused by plastic packaging has enabled the market to reach out to a wider segment of audience.

Stone paper market faces issues related to the environmental mandates on mining activities, which is further expected to hinder its growth globally. The easy availability of substitutes is also predicted to vitiate the market growth throughout the appraisal period.