Shotcrete accelerator is fast hardening material which is used for support and stabilization of structures and concrete applications without using any molds. It is mainly used in construction activities because it provides rapid stiffening. Shotcrete accelerator is non-corrosive, non-caustic, and offer long-term and immediate strength with the quick setting. In addition, shotcrete accelerator is known as shotcrete or sprayed concrete which helps to provide support to the construction structure. There are two types of shotcrete accelerator very popular across the globe including powdered accelerator and liquid accelerator. These are majorly used in several applications such as tunneling and mining water retaining structures, construction repair works, and others.
Increasing mining activities in various countries resulting in growing demand for shotcrete accelerator across the globe. This is the main reason for high growth of the target product globally. In addition, rising adoption of shotcrete accelerator in numerous activities such as mining and tunneling, water retaining structures, construction repair works, and others across the globe. This is another reason support for growth of the shotcrete accelerator across the globe.
Rapid urbanization across the globe and a growing number of construction activities such as construction of bridges, roads, and others resulting in increasing demand for shotcrete accelerator in various regions of the globe. In addition, increasing construction of new tunnels especially in emerging economies resulting in growing demand for liquid accelerator across the globe. These are some factors help to support for high growth of the target product across the globe.
Furthermore, increasing repair and maintenance of highways and roads in developing countries resulting in rising adoption of shotcrete accelerator. This is another important reason for high growth of the shotcrete accelerator in the near future.
Moreover, increasing manufacturers focus on investment in research and development activities and development of technologically advanced product. These are some other factors supporting growth of the target product across the globe.
However, stringent government regulations for the use of shotcrete accelerator is a key factor that may hamper growth of the target market to a certain extent.
High adoption of shotcrete accelerator for construction works, mining and tunneling, and others in countries in North America region such as the US and Canada will register substantial growth in the global market. Europe and the Asia Pacific regions will register significant growth, owing to rising construction of new tunnels and high adoption of liquid accelerator in countries such as Germany, France, UK, Russia, India, and China in these regions. Increasing adoption of shotcrete accelerator for the development of tunnels and rails, new cities in countries such as South Africa, Brazil, Israel, and Mexico in Middle East & Africa and Latin America regions.
Prominent players operating in the global shotcrete accelerator market include, 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, and Cormix International.