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Global Shotcrete Accelerator Market - How the Business Will Grow in 2024?

Author : Ronak Bora | Published Date : 2019-05-13 

The Shotcrete Accelerator Market report offers detailed competitive landscape of the global industry. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the market based on product, technology, end user and region.

Based on component shotcrete accelerator market is classified as alkali fee, alkaline aluminate and alkaline silicate. Alkali free has major share owing to better mechanical properties as compared to others and utilized for construction of new structures. Further, these do not contain alkali that makes it less hazardous. Alkaline aluminate and alkaline silicates are preferred for repair of old structures and have shown slow growth due to health hazards.

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Shotcrete Accelerator Market Size shall witness healthy growth during forecast period with application in construction industry. Rapid urbanization in emerging countries has led to formation of bridges and tunnels that employ product. These help in accelerating the construction work and provide better results. There has been an increase in government spending over public infrastructure and anticipated to propel shotcrete accelerator industry.

These do not require moulds to settle down and are fast hardening materials that speeds up the overall process. It is advantageous in situations where either the framework is impractical or cost prohibitive or access for work area is difficult. These materials have excellent bonding strength that enhances durability of structures. It is operated by pneumatic machine that forces material into fine surface irregularities that is expected to boost shotcrete accelerator market.

Its manufacturing plant requires small and portable plant that provides an additional savings. The complete process is machine operated that reduces the overall cost. These are used to repair old structures and quite effective on various surfaces such as wood, concrete and steel that gives a positive outlook for shotcrete accelerator market.

With respect to application, shotcrete accelerator market is segmented into mining, tunnelling, structural repair, water retaining structures and protective coatings. Mining and tunnelling have major share with application in underground and overhead surfaces. It can be attributed to rise in mining works globally for extraction of metals and minerals. There has been an increase in tunnelling activities with new rain and road tunnel projects.

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Europe has substantial share in global shotcrete accelerator market owing to presence of large number of mines and technological advancement. Recent government initiatives for renovation of public structures such as bridges shall boost its consumption in this region. Countries such as Norway have developed fire resistant materials for use in tunnels. North America led by the U.S. has significant share with presence of large number of coal mines.

Asia Pacific has moderate share in shotcrete accelerator market with presence of China, India and Australia as large coal and gold mining countries. In 2015, this region registered for over 8,000 million metric tonnes of mining production. Middle East & Africa has nascent share with growing tunnelling activities for public transportation.

Prominent players of shotcrete accelerator market are Sika, BASF, GCP Applied Technologies, Mapei, Euclid Chemical Company, Normet Oy, Basalite Concrete, Chryso, Fosroc and Denka Company. Companies such as BASF are innovating new materials with better properties that meet government standards such as ASTM (American Society of Testing & Materials) to enhance their market penetration.

 

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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