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 supplementi...