The Global Shotcrete Market was valued at US$ 5.61 billion in 2016, according to a new report published by Coherent Market Insights. Shotcrete is a technique used to spray concrete through a hose at high velocity onto surface pneumatically. The concrete mixed with water are sprayed through a nozzle over the substrate. Growing population and propelling economy of Asia Pacific leads to infrastructure development and sustainable public transport. Rapid investment in underground tunneling and metro rail construction to avoid traffic and reduce travelling time in densely populated region of Asia Pacific is expected to lead to exponential growth of the market for shotcrete during 2017-2025. Moreover, technological advancements in shotcrete, would further increase its application area during the forecast period. For instance, Shot-Tech robotic system deploys a remote-controlled spraying arm for underground and tunneling construction purposes. Putzmeister Shotcrete Technology is leading the industry for design and manufacture of wet- and dry-process shotcrete equipment.
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The global shotcrete market was dominated by Europe in 2016, due to continuous development in public transportation systems which includes, underground metro rail and tunnels. Moreover, wet-mix shotcrete is expected to replace conventional concrete in underground construction, due to its various. Also, the market in North America is expected to witness significant growth during the forecast period, mainly due to increasing infrastructure development activities underway and inline in the near future. For instance, New York East Side Access worth over US$ 10 billion, Honolulu Rail Transit project worth over US$ 6 billion, Toronto’s Eglinton Crosstown light rail project worth over US$ 5 billion, Los Angeles’ Purple Line Extension Phase-1 project worth over US$ 2.8 billion, Seattle’s East Link Light Rail project worth over US$ 2.8 billion and Washington’s Silver Line Phase-2 project worth over US$ 2.8 billion are expected to propel the market for shotcrete form 2017-2025.
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