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Concrete In Australia : September 2013
8 Concrete in Australia Vol 39 No 3 NEWS Global shotcrete/sprayed concrete market worth $US6.5 billion by 2018 According to a recent report by research company MarketsandMarkets, the global market for shotcrete in terms of revenue was estimated to be worth $US4.2 billion in 2012 and is expected to reach $US6.5 billion by 2018, growing at a Combined Annual Growth Rate (CAGR) of 7.8% from 2013 to 2018. e European region dominated the global shotcrete market revenue in 2012. Europe is expected to have the highest revenue by 2018, followed by the Asia-Paci c region. e rest of the world is expected to be the next fastest growing market, with a CAGR of 8.7% from 2013 to 2018, owing to rising consumption in this region where the end-user markets of shotcrete are growing steadily. e North American market is expected to grow at a rate of 8.0% in revenue terms. China s shotcrete consumption is expected to surpass that of Germany and Japan by 2018. Japan is the biggest consumer of shotcrete in the Asia-Paci c region and the third largest globally. Germany is the biggest consumer in the European region and fourth largest globally. Japan s consumption is expected to grow at a CAGR of 4.4% from 2013 to 2018. Germany accounted for around 20% of the European consumption in 2012 and is estimated to grow at a CAGR of 3.3% from 2013 to 2018. China, the second largest consumer in Asia- Paci c region, is expected to dominate markets in Japan and Germany by 2018 with upcoming shotcrete end user projects. China s market is expected to experience a high growth rate of 8.4% from 2013 to 2018. Silver Members