The global shotcrete market was valued at around USD 7.21 billion in 2024 and is projected to reach nearly USD 14.32 billion by 2034, growing at a CAGR of approximately 7.10% between 2025 and 2034. The market is gaining rapid momentum due to its increasing adoption in construction, mining, and tunnel projects, driven by its efficiency, speed, and versatility.
Shotcrete is a method of applying concrete or mortar pneumatically projected at high velocity onto surfaces. It is widely used for building curved, vertical, and complex structures without the need for traditional formwork. Shotcrete is also known by different names globally such as Gunite, Torkrete, or Blastcrete.
Due to its excellent bonding strength and adaptability, shotcrete is a preferred choice for underground constructions, slope stabilization, and repair works. However, challenges like rebound loss and skilled labor shortage remain.
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Market Size (2024): USD 7.21 Billion
Market Forecast (2034): USD 14.32 Billion
CAGR (2025–2034): 7.10%
Dominant Process: Wet Mix Shotcrete
Top Application Segment: Underground Construction
Leading Region: Europe
Rapid urbanization and infrastructure investment across emerging and developed economies are propelling demand for innovative construction technologies. Countries like China, India, and members of the European Union are focusing heavily on transportation, tunneling, and public infrastructure that directly leverage shotcrete technology.
For example, China initiated over 180 major infrastructure projects in Q1 2025, while India launched semiconductor plant construction requiring high-performance concrete methods like shotcreting.
Shotcrete is essential in underground tunneling, mining, and subway development due to its structural stability and quick setting time. Notable projects like Norway's undersea tunnel — the world’s longest and deepest — are driving demand for shotcrete due to their technical complexity.
Despite its benefits, shotcrete faces stiff competition from conventional concrete, especially on flat, large-surface constructions where traditional concrete may provide a more uniform finish. Additionally, lack of skilled labor proficient in shotcreting techniques can slow down adoption.
The integration of digital tools, electric shotcrete machines, and LiDAR-based monitoring systems is revolutionizing shotcrete application. Companies like Hermann Paus Maschinenfabrik GmbH and Sika AG are developing advanced equipment with automation and remote monitoring capabilities.
In 2023, Sika launched a facility in Switzerland dedicated to producing Signuit, a shotcrete accelerator tailored for Alpine infrastructure demands.
The cost of electric and automated shotcrete machines can be prohibitive for small-scale projects. Also, shotcreting is less effective in freezing temperatures, which limits its use in certain regions. These factors could restrict market growth in price-sensitive or extreme climate zones.
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Wet Mix (dominant, ~62% market share)
Dry Mix (used widely in repair works)
Underground Construction (largest segment)
New Surface Structures
Slope & Surface Protection
Repair Work
Others
Europe (leading due to large-scale tunnel and infrastructure projects)
North America
Asia Pacific
Latin America
Middle East & Africa
Europe remains at the forefront of the global shotcrete market. Countries like Germany, Switzerland, and Norway are investing in innovative underground construction projects. For instance, the hyDRA Project in the EU received EUR 3 million funding to support underground hydrogen storage systems, indirectly supporting demand for shotcrete.
Canada’s Maclean Engineering developed the world’s first battery-electric shotcrete sprayer, targeting eco-friendly underground mining operations. This innovation is expected to boost North American market share.
Major players driving innovation, production, and global supply chains in the shotcrete market include:
The Euclid Chemical Company
Sika AG
HeidelbergCement AG
Normet Group
King Shotcrete Solutions
Quikrete Holdings Inc.
CEMEX S.A.B. de C.V.
REED Concrete Pumps & Shotcrete Equipment
Mapei S.p.A.
BASF SE
Putzmeister
LafargeHolcim Ltd.
These companies are focused on R&D, sustainability, and advanced production technologies to meet the rising global demand.
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