The global shotcrete market revenue is expected to register a moderate CAGR over the forecast period. The global shotcrete market report has been segmented on the process, system, application, and region.

Rapidly growing underground construction activities for such as mining and tunneling is major factor expected to drive growth of the target market over the forecast period. However, lack of skilled labor is expected to be a major challenging factor impacting growth the global shotcrete market.

Based on process, the global shotcrete market is segmented based on wet-mix, and dry-mix. The wet-mix process segment is expected to register highest CAGR over the forecast period.

Based on system, the global shotcrete market is segmented based on robotic and manual. The robotic system segment is expected to register fastest growth rate over the forecast period.

Based on application, the target market is segmented based underground construction, water retaining structures, repair works, and protective coatings. The underground construction segment accounted for major revenue share in 2017 and is expected to maintain its dominance over the forecast period.

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Regional segmentation includes North America, Europe, Latin America, Asia Pacific and Middle East and Africa. Europe contributes major share in terms of revenue in global shotcrete market. Market in Asia Pacific is expected to register highest growth over the forecast period. Increasing demand for shotcrete in countries such as China and India, owing to increasing underground construction activities coupled increasing public and private investments in construction sector are major factors expected to drive growth of market in the region over the forecast period.

Some prominent players in the global shotcrete market are BASF SE, Cemex S.A.B. De C.V., Sika AG, Heidelbergcement AG, Lkab Berg & Betong AB, GCP Applied Technologies, Inc., The Euclid Chemical Company, KPM Industries Ltd., Quikrete Companies, Inc., and Lafargeholcim.