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Chemical & Material Icon

Underwater Concrete Market – Trends Forecast Till 2030

Underwater Concrete Market, by Raw Material (Concrete, Admixtures, Precast concrete, cement) Application (Swimming pools, Marine Construction, Underwater Repair), laying technique (Tremie method, Bucket placing, Pump method, Others) and region (North America, Europe, Asia-Pacific, Middle East and Africa and South America).

  • Published Date : August 2023
  • Base Year Estimate : 2022
  • Report ID : D-CM-UCM-1494
  • Format :
  • Number of Pages : 590
  • Domain : Chemicals & Materials
  1. Chemicals & Materials
  2. Underwater Concrete Market – Trends Forecast Till 2030
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REPORT SYNOPSIS
Market Snapshot Market Overview Delvens Industry Expert's Standpoint Market Portfolio Key Findings Regional Analysis Competitive Landscape Recent Developments Reasons to Acquire Report Scope
Table Of Content Frequently Asked Questions

Market Snapshot

Market Overview

The global Underwater Concrete market size was estimated at USD 129.65 billion in 2023 and is projected to reach USD 193.27 billion in 2030 at a CAGR of 5.87% during the forecast period 2023-2030.

Underwater concrete is a special type of high-performance concrete used for the construction of bridges, ports, foundations in high water soils, and almost all offshore and land structures. The introduction of the underwater concrete process can save engineers from using the conventional construction method by isolating the water, which will reduce the disturbance in the plant operation and save significant savings. Immersed concrete is a highly flowable concrete that can spread into place under its own weight and achieve adequate compaction without vibration, segregation and flow defects.

Increase in dams and bridges, favorable government initiatives for underwater construction and increasing use of hydropower have expanded the market area. The need for repair and maintenance of existing underwater structures is increasing, driving the growth of the global underwater concrete market. In addition, increasing use of underwater concrete in hydropower, marine, coastal defense, underwater repair, tunnels, swimming pools and other industries is fueling the growth of the underwater concrete market globally. Improvement in the quality of hydraulic construction in developing countries is also a driving factor for the global underwater concrete market. However, fluctuating prices of raw materials and wrong investment can hinder market development. However, introduction of non-washable underwater concrete mixes and increasing production of eco-friendly underwater concrete will create huge opportunities for market growth during the forecast period.

The subsea concrete market had been hit hard by the COVID-19 pandemic as the demand for subsea concrete had decreased in several industries. Import and export of construction materials had been suspended due to closures and shutdowns during the pandemic. Transport services were banned worldwide, affecting trade in construction materials. Therefore, the supply and demand of these materials ceases. However, after the removal of the restriction, the underwater concrete market has accelerated its growth as it offers many advantages in various industries.

Delvens Industry Expert's Standpoint

The pandemic had a considerable impact on businesses globally, with nations like India and China bearing the brunt of the virus's outbreak. The underwater concrete market offers lucrative opportunities for industry players and investors as marine construction projects continue to grow. Ensuring durability, corrosion resistance and compliance with environmental standards is critical to the sustainable growth of the underwater concrete industry. The underwater concrete market is expected to continue to grow, fueled by urbanization, coastal infrastructure development and the expansion of offshore energy projects. Advances in concrete technology, including self-compacting concrete and fiber-reinforced concrete, are likely to contribute to market expansion. These factors have led to the expansion of the market and increased demand for Underwater Concrete solutions.

Market Portfolio

Key Findings

  • The raw material segment is further fragmented into Concrete, Admixtures, Precast concrete, cement. The precast concrete segment is expected to account for a larger market size during the forecast period. Precast concrete refers to concrete components that are produced in a controlled environment, usually in a factory or precast plant, before being transported and placed on a construction site. It involves pouring concrete into reusable molds or molds that allow for standardized production and quality control. Precast concrete growth is driven by increasing infrastructure projects such as offshore energy projects, port and harbour construction, and bridge and tunnel projects.
  • The laying technique segment is further bifurcated into Tremie method, Bucket placing, Pump method, Others. The tremie method is the largest market during the forecast period. The tremie method is versatile and is used in many underwater construction projects such as marine foundations, bridge piers and other underwater structures. It can be used at different depths and locations, making it suitable for many applications. The Tremie method also reduces water contamination of the concrete mix. By submerging the outlet of the pipe, it prevents water from entering the concrete, maintaining the desired properties and strength. These factors make the tremie method a reliable and efficient installation method for underwater structures.
  • The application segment is further bifurcated into Swimming pools, Marine Construction, Underwater Repair. Marine construction to account for a larger market size during the forecast period. Marine construction projects are boosting the growth of the underwater concrete market due to several different factors. These projects include the development of coastal infrastructure, offshore energy facilities, underwater transport infrastructure, coastal protection measures and repair and restoration works. The demand for underwater concrete stems from the need to build durable and flexible structures in the marine environment. In addition, government investments and initiatives in maritime infrastructure continue to drive market expansion. Overall, the increasing focus on coastal development, offshore energy projects, connectivity and the need to protect coastal areas from erosion and other natural hazards is driving the demand for underwater concrete.
     
  • The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. Asia-Pacific is estimated to account for the largest market share during the forecast period due to rapid urbanization.

Regional Analysis

North America to Dominate the Market

  • Asia-Pacific is estimated to account for the largest market share during the forecast period. In Asia-Pacific, Rapid economic expansion and urbanization in countries such as China, India, and Southeast Asia have increased the demand for new ports, harbors, offshore buildings, bridges, and coastal protection works to support expanding commerce and economic activity.

 

Competitive Landscape

  • Sika AG
  • Conmix Ltd
  • M-con Products Inc.
  • Wieser Concrete
  • Rockbond SCP
  • Heidelberg Cement. Group
  • lementbau Osthessen GmbH & Co
  • ELO KG
  • Hi-Con
  • Metalco SRL
  • KPM Industries Ltd.
  • GCP Applied Technologies, Inc.
  • Mapei S.p.A
  • Saint-Gobain
  • Gulf precast concrete
  • MC-Bauchemie
  • U.S. Concrete
  • TAKTL
  • Ceentek
  • CEMEX