Underwater Concrete Market Size, Share, Forecast 2023-2028

Underwater Concrete Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A6516

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Market Overview:

The global underwater concrete market size reached US$ 170.3 Billion in 2022. Looking forward, IMARC Group 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.

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:

IMARC Group 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).

Report Coverage:

Report Features	Details
Base Year of the Analysis	2022
Historical Period	2017-2022
Forecast Period	2023-2028
Units	US$ Billion
Segment Coverage	Raw Material, Application, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	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).
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global underwater concrete market was valued at US$ 170.3 Billion in 2022.

We expect the global underwater concrete market to exhibit a CAGR of 4.5% during 2023-2028.

The rising demand for underwater concrete to construct bridge piers, harbors, sea, river defenses, etc., as it is highly durable, convenient, flowable, and reduces the cost of construction, is primarily driving the global underwater concrete market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous construction activities, thereby negatively impacting the global underwater concrete market.

Based on the raw material, the global underwater concrete market has been segregated into admixtures, cement, aggregates, and others. Among these, aggregates currently exhibit a clear dominance in the market.

Based on the application, the global underwater concrete market can be bifurcated into hydropower, marine, shore protection, underwater repairs, tunnels, swimming pools, and others. Currently, hydropower holds the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where North America currently dominates the global market.

Some of the major players in the global underwater concrete market include 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).

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