Rise in Demand for Shotcrete from the Infrastructure Industry Has Been Highly Beneficial for the Industry

Rise in construction activities including tunneling undertakings and maintenance of highways, dams, and bridges, in the last few years, has worked as the major factor fueling the demand for shotcrete materials across the world. Moreover, growing concept of constructing sculptures, climbing rocks, theme park features, and swimming pool in commercial establishments has been highly beneficial for the global shotcrete market.

Rise in awareness about the top-end technical efficiency of shotcrete has made it a preferred choice among several industry verticals. Additionally, factors such as developments in shotcrete technology and resilience & effectiveness of shotcrete materials have increased their areas of application even more, while increasing usage of sprayed concrete in building up of bank vaults and domes has created a plethora of opportunities for the market players in the industry.  

According to Allied Market Research, the global shotcrete market is projected to cite a whopping CAGR from 2020 to 2030. Increase in several government initiatives to reduce noise pollution, retain the best topographical repercussions in hilly areas, and make the mass transportation system more efficient and sustainable has made different undertakings for tunnel projects come to the fore. In Switzerland, for instance, the construction of the fifty-seven km Gotthard Base Tunnel, also considered as the longest railway tunnel in the world, was provided by Sika AG with the main component being shotcrete spraying equipment. Even the future one twenty-three km undersea tunnel project in China for the compering of a railway route would offer plants & factories a fair chance to explore their potential even more.

Simultaneously, the widespread demand for repair works across both the developed and developing economies has also facilitated the growth of the global shotcrete concrete market. For example, in Europe, Attiko Metro Company is all set to build four new routes, the project costing over approximately more than three billion US dollar. Moreover, the huge metro project across Europe which connects and west south and east north has accentuated the demand for shotcrete equipment in this province. .

Covid-19 scenario-

Here, it’s worth mentioning that the outbreak of the pandemic led to financial recession in the construction industry giving way to huge unemployment and rescheduling of construction projects. This, in turn, resulted into fading demand for shotcrete components, thus impacting the market negatively, especially during the initial period. Simultaneously, several social distancing dictums and restrictions on import & export activities created labor shortage along with unavailability of raw materials, which exacerbated the market condition even more. Nevertheless, the present ameliorated situation across the world has helped the market recover at a slow and steady pace.

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