A shotcrete accelerator is a device used in conjunction with a shotcrete excavator to speed up the process of breaking up shotcrete. Essentially, an accelerator is used to create a higher rate of acceleration for the excavator so that it can operate at maximum speed and bring up the required shotcrete quickly. As such, they are vital to any construction project that involves high volumes of shotcrete or other concretes that must be broken down and moved at fast speeds. These devices also ensure that the site being worked on remains completely safe and that no damage is caused to the area by the compressed or superheated shotcrete.
In most cases, the installation of a shotcrete accelerator will take place within the same vicinity as the actual shotcrete excavator. This means that the driver and any operators that will be operating the excavator need not undertake long and arduous journeys into the area in question. Instead, they can simply switch their focus to the work at hand and fire the shotcrete accelerator from close quarters, as and when necessary. This means that the amount of time spent working on the construction site is considerably reduced, allowing for a greater degree of efficiency and productivity.
Market Dynamics
The main factor driving the growth of the shotcrete accelerator market is the increasing demand coming from infrastructure and construction industries, especially in developing nations. As these sectors are rapidly growing they are employing more and more people in the work and to aid in the construction processes these companies are using advanced technologies such as shotcrete accelerator. For instance, according to the Confederation of Indian Industry (CII), currently, there are 200 construction companies in India, and more than 120,000 class A contractors are working in governmental construction bodies. Heavy government investment in these sectors and R&D works is also estimated to propel the growth of the shotcrete accelerator market.
However, the cost of this equipment and the maintenance work is the main restraining factor hindering the market growth.
This market is distributed in five regions that include North America, Europe, Asia-Pacific, Middle East, and Africa, and Latin America. Asia Pacific is expected to hold a bigger share of the market owing to the rapid increase of construction sectors in the region. Increasing construction activities in regions such as China are expected to propel the market growth. Smart construction development in regions such as Japan is also expected, to boost the market growth of shotcrete accelerators. The shotcrete accelerators market in North America is estimated to witness significant growth owing to the prevalence of construction sectors here and investments by the federal governments. For instance, according to the American National Bureau of Economic Research, currently, there are approximately 700,000 construction companies in the region with a total annual construction expenditure of more than US$ 900 billion.
Competitive Analysis
Major players operating in the shotcrete accelerator market include Multicrete Systems Inc., Gemite, Muhu Construction Materials Co., Ltd., Euclid Chemical, Silkroad C & Co., Ltd., Basalite Concrete Products LLC, Shotcrete Technologies Inc., Cico Group, The Euclid Chemical Company, Fosroc, Denka Company Limited, GCP Applied Technologies Inc., Chryso SAS, Normet Oy, BASF SE, Mapei S.P.A, and Sika AG.
In-depth Report on Global Shotcrete Accelerator Market by Coherent Market Insights:
https://www.coherentmarketinsights.com/ongoing-insight/shotcrete-accelerator-market-722
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