openPR Logo
Press release

Shotcrete Market to Surpass US$ 11 Billion by 2025

06-19-2017 05:02 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Shotcrete Market

Shotcrete Market

Shotcrete Market

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.

Request a sample copy of this report:https://goo.gl/Q5l7bp

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.

Request customization of the report:
https://www.coherentmarketinsights.com/insight/request-customization/280

Key takeaways of the market:
Asia-Pacific is projected to be the fastest growing region in global Shotcrete market. It accounted a CAGR of 9.3% from 2017-2025 in terms of revenue. The market in this region is expected to be primarily driven by rampant growth of tunnels, water retaining structures in China, India, and ASEAN countries. The growing need of underground metro lines and tunnels, rising urbanization and growing demand for reliable public transport are some of the key drivers for the growth of Shotcrete in the Asia-Pacific region.
The market in Latin America is expected to register a significant growth rate over the forecast period. Rise in construction activities are expected to create lucrative growth opportunities for the players in this region.
Mining companies, engineers and contractors are increasingly deploying quick, reliable, economic and efficient technology of pneumatically operated shotcrete. Shot-tech robotic system technology is dominating the market for shotcrete as it enables the shotcrete to spray automatically after blasting and allowing the nozzle operating crew to be safe.
BASF SE, Heidelberg Cement, Grupo ACS, Lafargeholcim, Cemex, Sika AG, GCP Applied Technologies, U.S. Concrete, Mapei, and Normet are among the key players in global shotcrete market
Technological advancement is leading to the key innovation in the new product launches. Companies are also investing in expansions, mergers & acquisitions, and joint ventures in the market. The key multinational players rapidly investing in shotcrete technology to fulfil the growing demand for shotcrete in Europe and Asia Pacific. For instance, BASF AG installed a shotcrete plant in Andhra Pradesh, India. Moreover Sika AG started a shotcrete plant in Australia, to meet the growing demand for shotcrete in rail tunnels, suburbs in Forrest field Airport link.

View this full report:
https://www.coherentmarketinsights.com/market-insight/shotcrete-market-280

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Mr.Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email:sales@coherentmarketinsights.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Shotcrete Market to Surpass US$ 11 Billion by 2025 here

News-ID: 585501 • Views: 194

More Releases for Asia

RAMPF Korea – Producing in Asia for Asia
Joint Venture for the Asian markets – The international RAMPF Group has realigned the cooperation with its long-standing partner Orient Dosiertechnik from Korea with the founding of RAMPF Korea Co., Ltd. The new company based in Hwaseong City is developing and producing mixing and dispensing systems specifically for the Asian markets. Within the framework of the new joint venture based in Hwaseong City, mixing and dispensing systems are being developed and
LIXIL Asia Presents Asia Pacific Property Awards
Through its power brands GROHE and American Standard, LIXIL Asia signs a three-year deal to become the Headline Sponsor of the Asia Pacific Property Awards from 2019 until 2022. 23rd January 2019: The International Property Awards, first established in 1993, are open to residential and commercial property professionals from around the globe. They celebrate the highest levels of achievement by companies operating within the architecture, interior design, real estate and property
MES: Expansion in Asia
Berlin, November 24, 2014: Model Engineering Solutions (MES), the Berlin-based specialist for model-based software development, has significantly expanded its business in Asia. In recent years, MES has built up a network of local partners in Japan, Korea, China, and India in order to benefit from the growing market and increasing interest in model-based development and ISO 26262 in Asia. Asia: Driving force in the automotive industry The automotive industry continues
Undersea Defence Technology Asia, UDT Asia 2011
Latest Military Diving Technologies featured in UDT Asia Equipping Asia’s navies with the latest diving technology for asymmetric warfare and operations SINGAPORE, 17 October 2011 - Naval diving and underwater special operations is a field that is seeing increased attention and investment amongst navies in Asia. Units such as the Indonesian Navy‟s KOPASKA, the Republic of Singapore Navy‟s Naval Diving Unit (NDU), the Royal Malaysian Navy‟s PASKAL are increasingly utilising specialised equipment for conducting
UDT Asia 2011
Clarion Events hosts the Undersea Defence Technology (UDT) Asia 2011 conference and exhibition to bring senior naval and industry personnel together to cover underwater developments in the region Singapore, May 30 – Clarion Events is hosting UDT Asia on 30 November – 1 December 2011. The event brings together the undersea defence community in Asia, featuring top regional naval speakers, who will be addressing the latest underwater requirements for Asian navies. According
eltherm goes Asia
Finally all preparations are finished and the new subsidiary of eltherm GmbH, eltherm Asia Pacific Pte Ltd has commenced operations in Singapore on 1st April 2010. To celebrate the starting shot, an opening celebration was held in the afternoon of 28th July in the office premises followed by a get together dinner and drinks in the evening at a pub. A total of 62 guests attended the event with the