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Global Shotcrete Accelerator Market is Projected to Reach 986 million USD by 2025

Author: QYResearch | Publish date: 2018-05-31 | Views: 54
The Shotcrete Accelerator industry was 712.85 million USD in 2017 and is projected to reach USD 986.62 million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 4.15% between 2017 and 2025. The mining activities around the world, increase in tunnel construction due to rapid urbanization in emerging economies and growth in construction repairs in developed countries, are the key factors driving the global shotcrete accelerator market.

Shotcrete has been widely used in tunnel, underground, and marine works for providing early support and preventing water seepage. Key performance indicators of the shotcrete are setting time and strength, which are decided by not only mixture design but also the use of the accelerator. The accelerator alters the hydration mechanisms of the cementitious material, influencing its strength development and setting time.

The key players are BASF SE, Sika AG, Denka, Mapei SpA, GCP Applied Technologies, Mc Bauchemie, Basalite Concrete Products, The Euclid Chemical Company, Chryso Group (Cinven), Fosroc, Normet, Sobute New Materials, CICO Technologies, MUHU (China), ATEK Fine Chemical, Cormix International, Kurita and so on.

Shotcrete Accelerator is a non-caustic, non-corrosive accelerator which gives shotcrete a quick set and high early strength gain with minimal effect on long term strength. Shotcrete Accelerator is less harmful than the Portland cement used in the shotcrete mix. In underground work the high early strength gain achievable with Shotcrete Accelerator can speed up substantially the drill, blast, shotcrete, muck and excavation cycle.

The Shotcrete Accelerator market is characterized by the presence of many vendors. These vendors are increasingly competing against each other based on factors such as access to raw materials, economies of scales, product innovations, and ability to recycle as the cost of raw materials is very high. Vendors in Shotcrete Accelerator market are focusing on gaining faster access to the raw materials and lowering the manufacturing costs of Shotcrete Accelerator. The industry is expected to remain innovation-led, with acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence.

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