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. 

Request a free sample of this report

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.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: https://www.gmiresearch.com/

Location: United States

Comments

Post a Comment

Popular posts from this blog

Managed Print Services Market Size, Share, & Growth Analysis - 2020-2027

Image
  Managed Print Services Market The Managed Print Services Market is estimated to reach USD 70 billion by 2027, growing at a CAGR of 8.2% over the forecast period (2020-2027). The factors driving the growth of Managed Print Services Market includes digital transformation across the industry verticals such as Banking, Financial Services, and Insurance (BFSI), Healthcare and Telecommunication, emerging need to reduce paper wastage and growing trend of Bring Your-Own Device (BYOD). According to the report published by Environmental Paper Network, the consumption of paper worldwide has drastically increased by 400% over the last four decades, on an average a citizen in the United States uses more than 700 pounds of paper every year, which will boost the Managed Print Services Market Growth in the approaching years. Moreover, the growing adoption of Cloud Computing and Big Data Analytics by the major organizations, increasing investments by the leading players on research and development
Read more

Crypto Asset Management Market size, share & Trends Forecast 2028

Image
  The Crypto Asset Management Market was estimated around USD 315 million in 2020 and is predicted to grow at a CAGR of 21.1%, over the forecast period (2021-2028). The factors driving growth of the market includes rise in the number of institutional investors and wealth managers investing first time in crypto currency, surge in the volumes of online transactions around the world, emerging need to secure cryptocurrency assets, Government initiatives promoting digitalization and improvements in the living standards. Cryptocurrency asset management platforms allow investors to manage different wallets in one spot, simplifies the management of the developing crypto asset for seasoned traders, and helps users to increase their portfolio, are some of the features pushing the Crypto Asset Management Market size . Moreover, increasing adoption of cryptocurrency across industry verticals such as Healthcare, Retail and Commerce, BSFI, advancements in Internet of Things (IoT) and Artificial Inte
Read more

Liquefied petroleum gas Market Size, Share, Growth 2027

Image
  Liquefied Petroleum Gas Market The Liquefied Petroleum Gas Market is expected to grow at a faster CAGR over the forecast period (2020-2027). The factors driving the growth of Liquefied Petroleum Gas Market includes increasing use of liquefied petroleum gas as a substitute to fossil fuels, growing demand for natural gas and oil around the world and rising awareness amongst consumers about the benefits of liquefied petroleum gas. According to the report published by Statista, the Global Oil and Gas Storage Market was estimated around USD 929 million in 2019 and is expected to reach more than USD 1 billion by the end of 2026, which will boost the Global Liquefied Petroleum Gas Market in the approaching years. Moreover, growing emphasis on using cleaner sources of energy, increasing application of liquefied petroleum gas in households and restaurants for cooking and heating food and strict regulations imposed by Government reduce the carbon emission levels, are some of the additional fa
Read more