This week, Businesswire produced a press release referencing an interesting report from a few months ago, published in Markets and Markets. The report details projections for the shotcrete and gunite industry from 2015 on to 2020. At Thorcon Shotcrete and Shoring, we might only serve a portion of the global sprayed concrete market, but we are excited about the projections for the future of shotcrete around the world over the next few years. From our offices near Denver in Littleton, Colorado, we provide shotcrete and shoring contracting services to customers in the whole of Colorado as well as states in the surrounding area. Here are some of the more interesting forecasts facing the global shotcrete market, of which we are a proud part.
- By 2020, it’s expected that the sprayed concrete market will be around a 7.6 billion dollar industry.
- The largest shotcrete market in the world is currently Europe, although the Asian market is growing the fastest and is expected to continue growing rapidly as infrastructure gets built out.
- One of the biggest increases in shotcrete and gunite use in the last couple years has been in underground construction, such as for traffic tunnels and mine operations.
- Wet-mix concrete took up 80% of the market in 2014 and is expected to continue to dominate moving into the next five years.
- Innovations in shotcrete and gunite mixing has directly contributed to such large market gains, particularly in new markets such as Asia.
- Some innovations allow shotcrete to be applied on increasingly diverse projects, such as the explosion-resistant mixes used by some shotcrete contractors to protect infrastructure against violent activities.
For more information about new innovations in shotcrete, review our blog as well as images of our work in our online gallery. To get started on your own shotcrete, gunite, shoring or stabilization project, get in touch with us today!