SHOTCRETE ACCELERATOR MARKET ANALYSIS

Regional Analysis

• Asia Pacific region holds dominant position in shotcrete accelerators market. Increasing construction activities in China are propelling growth of the market in this region. Developments such as smart constructions in Japan is driving growth of shotcrete accelerators market.
• The upcoming FIFA World Cup in Qatar, which will be held in 2022, has driven the construction of new stadiums and hotels in the country. This has resulted in increasing use of shotcrete accelerators in the Middle East. Development activities such as construction of proper concrete roads in the emerging economies of Africa is likely to spur the demand for shotcrete accelerators market in Africa over the forecast period
• In North America, the U.S. has a road network that surpasses 6.58 million kilometers in total length, making it the world's longest and biggest road network. Need for proper maintenance of the roads has resulted in rise in demand for shotcrete accelerators in this region. North America also has a booming construction sector due to the projects such as the New Building Canada Fund, which commits over 14 billion for the construction sector in Canada, which is fueling growth of the market in this region
• The maintenance activities related to aging historic constructions are likely to augment growth of shotcrete market in Europe.