The global underwater concrete market size reached US$ 170.3 Billion in 2022. Looking forward, the analyst expects the market to reach US$ 219.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.
Underwater concrete is a construction material used to increase construction efficiency and performance in water environments. It relies on initial inspection, worsening prediction, inspection, evaluation, and remedial measures to improve the maintenance process. It is highly durable and convenient and reduces the cost of construction. It is highly flowable and can easily achieve good compaction in the absence of vibration. As a result, it is widely used to construct bridge piers, harbors, sea and river defenses, develop offshore oil fields, and build foundations in soil with high water levels across the globe.
2. What is the expected growth rate of the global underwater concrete market during 2023-2028?
3. What are the key factors driving the global underwater concrete market?
4. What has been the impact of COVID-19 on the global underwater concrete market?
5. What is the breakup of the global underwater concrete market based on the raw material?
6. What is the breakup of the global underwater concrete market based on the application?
7. What are the key regions in the global underwater concrete market?
8. Who are the key players/companies in the global underwater concrete market?
Underwater concrete is a construction material used to increase construction efficiency and performance in water environments. It relies on initial inspection, worsening prediction, inspection, evaluation, and remedial measures to improve the maintenance process. It is highly durable and convenient and reduces the cost of construction. It is highly flowable and can easily achieve good compaction in the absence of vibration. As a result, it is widely used to construct bridge piers, harbors, sea and river defenses, develop offshore oil fields, and build foundations in soil with high water levels across the globe.
Underwater Concrete Market Trends:
At present, there is a rise in the demand for underwater concrete as a replacement for conventional shore protection materials around the world. This, along with the growing underwater construction activities, represents one of the key factors driving the market. Besides this, there is an increase in the development of advanced cement mixtures and formulations to enhance or upgrade the performance of concrete. This, coupled with the rising efficiency of production processes of underwater concrete, is contributing to the growth of the market. In addition, the growing demand for advanced admixtures and adhesives to increase the strength of underwater structures is positively influencing the market. Moreover, the escalating demand for underwater concrete to construct bridges and tunnels across the globe is propelling the growth of the market. Apart from this, the rising utilization of underwater concrete to repair and maintain dams and marine structures is offering lucrative growth opportunities to industry investors. Additionally, key market players are extensively investing in research and development (R&D) activities to introduce advanced Portland cement with improved anti-washout properties for enhanced concrete placement, which is bolstering the growth of the market.Key Market Segmentation
The report provides an analysis of the key trends in each sub-segment of the global underwater concrete market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on raw material and application.Breakup by Raw Material:
- Admixtures
- Cement
- Aggregates
- Others
Breakup by Application:
- Hydropower
- Marine
- Shore Protection
- Underwater Repairs
- Tunnels
- Swimming Pools
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players being Buzzi Unicem S.p.A., CEMEX S.A.B. de C.V., CONMIX Ltd., Five Star Products Inc., Heidelberg Materials, Larsen Building Products, MUHU (China) Construction Materials Co. Ltd., Rockbond SCP Ltd, Sika AG, Tarmac (CRH plc) and Unibeton Ready Mix (Al Fara'a Group).Key Questions Answered in This Report
1. What was the size of the global underwater concrete market in 2022?2. What is the expected growth rate of the global underwater concrete market during 2023-2028?
3. What are the key factors driving the global underwater concrete market?
4. What has been the impact of COVID-19 on the global underwater concrete market?
5. What is the breakup of the global underwater concrete market based on the raw material?
6. What is the breakup of the global underwater concrete market based on the application?
7. What are the key regions in the global underwater concrete market?
8. Who are the key players/companies in the global underwater concrete market?
Table of Contents
1 Preface3 Executive Summary10 Value Chain Analysis12 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Underwater Concrete Market
6 Market Breakup by Raw Material
7 Market Breakup by Application
8 Market Breakup by Region
9 SWOT Analysis
11 Porters Five Forces Analysis
13 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Buzzi Unicem S.p.A.
- CEMEX S.A.B. de C.V.
- CONMIX Ltd.
- Five Star Products Inc.
- Heidelberg Materials
- Larsen Building Products
- MUHU (China) Construction Materials Co. Ltd.
- Rockbond SCP Ltd
- Sika AG
- Tarmac (CRH plc)
- Unibeton Ready Mix (Al Fara'a Group).
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 150 |
| Published | October 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 170.3 Billion |
| Forecasted Market Value ( USD | $ 219.3 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
