Underwater Concrete Market Size & Share | Industry Report, 2020-2027

 

Underwater Concrete Market

The Underwater Concrete Market is estimated to grow at a robust CAGR over the forecast period (2020-2027).

The factors driving the growth of Underwater Concrete Market includes rise in the construction of dams, swimming pools, ports and hydropower plants around the world, emerging need to upgrade the existing underwater structures and the presence of larges number of concrete manufacturers and contractors. According to the report published by Statista, the Global Hydropower Market was estimated around USD 202 billion in 2019 and is projected to reach USD 317.8 billion, by the end of 2027, growing at a CAGR of 5.9% over the forecast period (2019-2027), which will boost the Global Underwater Concrete Market in the approaching years. Moreover, growing demand for underwater concrete materials in the oil and gas industry, rise in Government’s expenditure on offshore infrastructure and underwater metro projects, are some of the additional factors supplementing the Underwater Concrete Market size. In addition, technological innovations in the underwater concrete materials, increasing investments by leading players on research and development and rising disposable incomes, are further contributing to the market growth. 

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However, the growth of Underwater Concrete Market is hindered due to fluctuations in the prices of raw materials.

The leading players operating in the market are FOX Industries Inc., KPM Industries Ltd., Unibeton Ready Mix, Sika AG, Cemex S.A.B. de C.V., Rockbond SCP Ltd, Tarmac Holdings Limited, Heidelbergcement AG, Conmix Ltd., and MUHU (China) Construction Materials Co., Ltd.

Raw Materials: Segment Analysis

Based on Raw Materials, the Admixtures segment is projected to grow at a significant CAGR during the forecast period because the admixtures prevent the concrete from segregating in water, lessens shrinkage and enhances the durability of concrete.

Application: Segment Analysis

Based on Application, the Hydro Projects segment is anticipated to expand at a remarkable CAGR over the forecast period attributed to increasing use of underwater concrete in the hydropower generation plants.

Regional: Segment Analysis

Based on Region, the North American region is expected to capture a sizeable market share during the forecast period. Rise in the number of hydropower generation projects, improvements in marine engineering, development of advance ports for trade activities, growing energy demand and high per capita income, are some of the important factors augmenting the market growth in North American region. 

 

Market Segmentation

Global Underwater Concrete Market by Raw Materials

  • Concrete
  • Admixtures
  • Others

Global Underwater Concrete Market by Application

  • Hydro Projects
  • Marine Constructions
  • Metro Projects
  • Underwater Repairs
  • Others

Global Underwater Concrete Market by Region    

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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