During the forecast period of 2017-2027, the global market for shotcrete accelerator is expected to experience robust growth. Shotcrete, a quick-setting and non-caustic material, is used for stabilizing and supporting structures without molds. Shotcrete accelerator is utilized for excavation, slop stabilization, restoration of buildings, underground construction, concrete repair, and other applications. The market growth is attributed to the growth of construction repairs in developed and developing countries, along with increasing exploration of metals and minerals. Moreover, the rapid urbanization and construction of tunnels, roads, bridges, and other infrastructure are driving the growth of the global shotcrete accelerator market. The main drivers for the growth of the global shotcrete accelerator market are ongoing research activities to improve the setting time of shotcrete accelerators and the growth of mining activities across the globe.
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The global shotcrete accelerator market is categorized based on type, grade, process, application, and region. The market segments based on type are alkaline silicate accelerator, alkali-free accelerator, and alkaline aluminate accelerator. The alkali-free accelerator is expected to dominate the market, as it is non-caustic and does not pose health hazards to shotcrete nozzle operators. The market segments based on grade are liquid accelerator and powdered accelerator. The liquid accelerator segment is anticipated to exhibit the highest growth, as it is commonly used for underground construction activities such as mining and tunnelling. Geographically, Europe is expected to remain a strong contributor to the shotcrete accelerator market during the forecast period, driven by growth in the construction industry. Asia-Pacific is predicted to exhibit the fastest CAGR, supported by urbanization and the development of megacities.
Some of the major players operating in the global shotcrete accelerator market are BASF SE, Sika AG, Mapei Spa, GCP Applied Technologies Inc., Normet Oy, The Euclid Chemical Company, Denka Company Limited, Basalite Concrete Products LLC, Fosroc, and Chryso SAS.
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