Using sprayed concrete is really handy in places that are hard to get to, like underground construction sites such as mines and tunnels. This is because sprayed concrete can go into places that are not easy to reach. As more and more people live on Earth and economies speed up, there's a bigger need for minerals and other things found in the ground, like metals, coal, gemstones, chalk, limestone, rock salt, and potash.
In 2017, China was the biggest maker of gold in the whole world, making about 13 percent of all the gold produced globally, according to the World Gold Council. Australia comes in second place for making gold on a global scale. Gold isn't just for making jewelry; it's also used in technology. It plays a big role in designing jewelry. As people all around the world want more gold, it boosts the mining industry, which, in turn, makes the sprayed concrete market grow. So, the more we want valuable materials like gold, the more important sprayed concrete becomes in building tunnels and mines.
Now, let's dig into the details. Sprayed concrete is like a superhero in construction because it can go where other materials might struggle to reach. Underground construction, like building tunnels and mines, really benefits from sprayed concrete. The reason is that it can get into tight and hard-to-reach spots, making the construction process much more effective.
As the world's population keeps growing, and economies speed up, there's a greater demand for minerals and other stuff we find in the Earth. Things like metals (which make our cars and gadgets), coal, gemstones, chalk, limestone, rock salt, and potash (used in fertilizers) are becoming more and more in demand.
Let's talk about gold. In 2017, China was the superstar in gold production, making a whopping 13 percent of all the gold in the world. Australia is like the runner-up in the gold-making competition globally. Gold isn't just that shiny thing we wear as jewelry; it's also a big deal in technology. It's a key player in making our gadgets work and making our jewelry look fancy. As people all over the world keep wanting more gold, it gives a huge boost to the mining industry.
And guess what? The more the mining industry grows, the more sprayed concrete is needed. It becomes a crucial part of building those tunnels and mines where all these valuable materials are being extracted. So, in a nutshell, the growth in wanting things like gold is directly connected to the growth of sprayed concrete in building important underground constructions. It's like a chain reaction โ more demand for valuable materials leads to more mining, and more mining leads to more need for sprayed concrete.
Report Attribute/Metric | Details |
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Market Opportunities | Growing construction industry |
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