SHOTCRETE MARKET ANALYSIS

Shotcrete MarketSize and Trends

The Shotcrete Market size is valued at US$ 7.32 Bn in 2024 and is expected to reach US$ 11.68 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031. Shotcrete is a technique used to pneumatically spray concrete through a hose at high velocity onto the surface. Factors such as growing underground construction activities including tunneling and mining activities and rampant growth in infrastructure development are factors expected to boost the growth of the shotcrete market during the forecast period.

Global Shotcrete Market Trends:

• Use of fiber reinforced shotcrete: The use of fiber reinforced shotcrete has been rising significantly in the global construction industry over the past few years. Fiber reinforcement improves the quality and performance of shotcrete by increasing its flexibility, toughness, and crack control. A key benefit of fiber reinforcement is its ability to reduce cracking in shotcrete both during the placement process and over time as the material endures stresses. Less cracking means better quality and less repairs required. Many tunneling projects now specify a certain amount of fibers to be included based on the support level needed. For example, a recent expansion of the Delhi Metro system in India utilized over 120,000 cubic meters of fiber reinforced shotcrete for tunnel lining according to the project data released by the National Metro Rail Corporation of India. The fiber reinforcement helped ensure that the shotcrete properly supported the surrounding ground and withstood water pressure without major cracks developing.
• Adoption of robotic shotcreting systems: The construction industry has seen significant adoption of automation and robotics in recent years to improve productivity and worksite safety. Shotcrete application is one area that has greatly benefited from the introduction of robotic shotcreting systems. These computer-controlled machines allow for precise spray application of concrete or mortar at high speeds, eliminating the need for workers to be in hazardous close proximity to dust and falling debris. Leading companies are increasingly investing in robotic technologies to gain competitive advantages over manual shotcreting methods. For example, major infrastructure projects in Europe and Asia Pacific have utilized robotic shotcrete machines to line tunnels up to 3 kilometers in length in just a few months. This level of round-the-clock productivity has not been possible with traditional systems.