Global Underwater Concrete Market – Industry Trends and Forecast to 2029

Global Underwater Concrete Market, Product Type (Fly Ash Based, Slag Based, Geopolymer, Others), Raw Material (Admixtures, Aggregates, Cement, Others), Laying Technique (Tremie Method, Bucket Placing, Pump Method, Others), Application (Hydropower, Marine, Shore Protection, Underwater Repairs, Tunnels, Swimming Pools, Others) – Industry Trends and Forecast to 2029.

Underwater Concrete Market Analysis and Size

The increasing demand for infrastructure in emerging countries have escalated the demand for the underwater concretes market. Furthermore, rapid urbanization and the rise in disposable income of the middle class have created a demand for industrial and residential construction to a whole new level. Thus, this higher demand of people and inclination toward better construction are expected to drive the global underwater concretes market growth during the forecast period.

Data Bridge Market Research analyses that the underwater concrete market was valued at USD 203.39 billion in 2021 and is expected to reach USD 365.45 billion by 2029, registering a CAGR of 7.60% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Underwater Concrete Market Scope and Segmentation

Market Definition

Concrete is the most common material in the construction industry. Underwater concrete is used to construct complex structures which are completely or partially submerged in water, such as swimming pools, bridges and dams. This is the concrete that is used to protect the concrete from segregating under water. When this concrete employed underwater, many types of admixtures are used to increase durability, reduce shrinkage and prevent concrete erosion

Global Underwater Concrete Market Dynamics

Drivers

• Rise in demand of underwater concrete commercial and non-commercial construction

The demand for underwater concrete is mainly driven by increased demand for commercial and non-commercial construction. Shotcrete is one of the perfect solution to construct a concrete swimming pool. The flexibility of this concrete material allows for the construction of concrete swimming pool structure of almost all shapes and sizes. The rising demand for underwater concrete commercial and non-commercial construction is expected to drive the market's growth rate.

• Growing application of underwater concrete in construction and infrastructure

Construction of dams and bridges dominate the underwater concrete market and is expected to ascend at a high growth rate. The growing demand for underwater concrete in the construction of shore protection applications is projected to grow further during the forecast period. The sector is anticipated to grow progressively as traditional coast protection materials are substituted by underwater concrete. 

• Increasing demand of new construction projects

The improvement in macroeconomic conditions increases the demand for new construction projects globally. The strong growth has been witnessed in housing projects and new residential. Also, the demand for concrete with better durability, sustainability, superior quality higher compressive strength, and reduced weight is anticipated to drive the growth of the underwater concrete market.

Opportunities

• Rising demand of underwater concrete for repairs and maintenance of existing structures

The rise in demand for underwater concrete for maintenance and repairs of existing structures is projected to create lucrative opportunities for the market growth. The need for frequent repairs and maintenance due to the harmful effects of the environment creating major account for a large portion of global demand. The demand for underwater repairs and maintenance is expected to be generally driven by the existence of outdated infrastructure in developed nations.

Furthermore, increasing urbanization globally which leads to an increase the number of prevalence of high-performance material, construction activities, rising funds for the development of industrialisation and infrastructure are few factors which will create immense opportunities for the growth of the underwater concrete market during forecast period.

Restraints/ Challenges

• Improper concrete mix design and placement

Inappropriate placement of underwater concrete and improper concrete mix design and will act as market restraint, and further challenge the growth of the underwater concretes market during the forecast period of 2022-2029.

This underwater concrete market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the underwater concrete market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

COVID-19 Impact on Underwater Concrete Market

Underwater concrete market was affected drastically during COVID-19 pandemic because the demand for underwater concrete from several industries decreased. The imports and exports of the construction materials are ceased due to lockdowns and shutdown during the pandemic. The transportation services were banned globally, affecting the trade of construction materials. Therefore, the supply and demand for these materials are halted. But after lifting the lockdown, the underwater concrete market's growth increases because of its multiple benefits in several industries.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Global Underwater Concrete Market Scope

The underwater concrete market is segmented on the basis of product type, raw material, laying technique and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

• Fly Ash Based
• Slag Based
• Geopolymer
• Others

Raw Material

• Admixtures
• Aggregates
• Cement
• Others

Laying Technique

• Tremie Method
• Bucket Placing
• Pump Method
• Others

Application

• Hydropower
• Marine
• Shore Protection
• Underwater Repairs
• Tunnels
• Swimming Pools
• Others

Underwater Concrete Market Regional Analysis/Insights

The underwater concrete market is analysed and market size insights and trends are provided by country, product type, raw material, laying technique and application as referenced above.

The countries covered in the underwater concrete market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the underwater concrete market in terms of revenue and market share due to the growing usage of underwater concrete in this region's construction of hydropower plants in developing countries.

North America is expected to be the fastest developing region during the forecast period of 2022-2029 due to the rapid industrialization and development in emerging countries such as India and China in this region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Underwater concrete Market Share Analysis

The underwater concrete market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to underwater concrete market.

Some of the major players operating in the underwater concrete market are:

• Sika AG (Switzerland)
• Conmix Ltd (UAE)
• M-con Products Inc. (U.S.)
• Wieser Concrete (U.S.)
• Rockbond SCP (U.K.)
• HeidelbergCement. Group (Germany)
• lementbau Osthessen GmbH & Co (Germany)
• ELO KG (Germany)
• Hi-Con (India)
• Metalco SRL (India)
• KPM Industries Ltd. (Canada)
• GCP Applied Technologies, Inc., (U.S.)
• Mapei S.p.A (Italy)
• Saint-Gobain (France)
• Gulf precast concrete (U.A.E)
• MC-Bauchemie (Germany)
• U.S. Concrete (U.S.)
• TAKTL (U.S.)
• Ceentek (Singapore)
• CEMEX (Mexico)