[FURL=https://www.industryarc.com/Research/Shotcrete-Accelerator-Market-Research-500053?utm_source=Briefingwire&utm_medium=Pressrelease&utm_campaign=Paidpressrelease]Shotcrete Accelerator Market[/FURL] size is forecast to reach $1.3 billion by 2026, after growing at a CAGR of 7.6% during 2021-2026. Shotcrete Accelerator is a chloride free, liquid and dry powder form, thixotropic, Alkaline Aluminate, Alkaline Silicate, and non -caustic accelerator mainly is used in shotcrete applications like tunnel walls, in mines, subways, and automobile tunnels. Shotcrete or sprayed concrete are mortars that are sprayed through a nozzle at high speed on the applicant surface by maintaining a certain distance like 1 – 2 meters. The growth in tunnel construction due to rapid urbanization and the growing need for bridge maintenances in emerging and developed economies is driving the growth of the market. The introduction of novel shotcrete materials such as chemical admixtures, supplementary cementitious materials, and reinforcement fibers for the longevity of structural engineering is also contributing to the growth of Shotcrete Accelerator market share globally. Key Takeaways
The Middle East and Africa are expected to drive the market growth, especially UAE, Saudi Arabia owing to the growing investing in developing new cities, bridges, and tunnels.
Covid-19 has impacted the construction industry globally, which will hinder the growth of shotcrete accelerator market.
Cement setting times can be significantly reduced by the use of accelerators in the formulation. The introduction of a sodium/calcium aluminate and Alkaline Silicate into the cement mortars accelerators the reaction speed with water, which in turn reduces setting times and increases early age compressive strength development and will provide improved performance and suitability.
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Shotcrete Accelerator Market Segment Analysis - By Geography
Asia-Pacific segment is projected to witness the highest CAGR of 9.2% in the Shotcrete Accelerator Market during the forecast period. This growth is attributed to the growing construction industry across India and China in the region. An increase in demand for infrastructure to support its huge population and economy is driving the market's growth in the region. As per Indian Brand Equity Foundation (IBEF) report, India requires investment worth US$ 777.73 billion in infrastructure by 2022 to have sustainable development in the country.
Shotcrete Accelerator Market Drivers
Rapid Urbanization and Infrastructure Development
Mining Activities and Advancement in New Technology are driving the Growth
Major players in the Shotcrete Accelerator Market are Denka Co. Ltd., Shotcrete Technologies Inc., Basalite Concrete Products LLC, Silkroad C & T Co., Ltd., Sika Ltd., MAPEI S.P.A, CHRYSO India Pvt. Ltd., The Euclid Chemical co., GCP Applied Technologies Inc., Muhu Construction Materials Co., Ltd., Multicrete Systems Inc., and among others.
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