Underwater Concrete market is expected to reach US$ 308.69 Bn. in 2027, with a CAGR of 9.2% for the period 2021-2027, because of rising demand in the building of coast protection application.
Underwater Concrete Market Introduction:Concrete is the most common construction material in the world. Underwater concrete is used to build complex structures that are partially or completely submerged in water, such as bridges, dams, and swimming pools, where part or the entire structure is submerged. This is the concrete that is used to keep the concrete from segregating under water. When employed underwater, many types of admixtures are used to reduce shrinkage, increase durability, and prevent concrete erosion. To know about the Research Methodology :- Request Free Sample Report The report has covered the market trends from 2015 to forecast the market through 2027. 2019 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.
Underwater Concrete Market Dynamics:Because of rising demand in the building of coast protection applications, the underwater concrete market has risen greatly over the years and is expected to grow much more over the forecasted period. As traditional coast protection materials are replaced with underwater concrete, the industry is expected to grow significantly. Also, the underwater concrete market is being driven by improving water quality in emerging nations, increased demand for marine construction (port and harbour installations, river bridge piers, and so on), and expanding underwater metro projects in Asia-Pacific developing countries. Moreover, the demand for high-strength raw materials such as admixtures, cement, sealants, and adhesives in the construction industry, as well as the presence of concrete contractors and manufacturers in developing countries such as India and China, are expected to drive market growth over the forecast period. Additionally, rising hydropower usage, combined with complex capacity growth in the U.S. and Canada, is likely to fuel global market growth throughout the forecast period. The sector is expected to grow in response to the growing demand for underwater concrete for bridges and tunnels. In addition, the product is in high demand in the industry for dam and marine structure repair and maintenance. On the other hand, there have been a number of malfunctions, resulting in increased costs and scheduling delays. Faulty concrete mix design and incorrect placement are the most major obstacles facing the industry in the usage of undersea concrete, both of which are predicted to stymie the global underwater concrete market's growth throughout the forecast period. Likewise, the rapid development of the COVID-19 pandemic is an unrivalled worldwide public health disaster that has impacted practically every industry, and the long-term effects are expected to have an impact on the growth of the global underwater concrete market over the estimated period (2021-2027). Also, throughout the forecasted period, the biggest expansion in the building industry, coupled with the rising popularity of such systems, is expected to generate new chances for the worldwide underwater concrete market.
COVID-19 Impact on Underwater Concrete Market:The COVID-19 virus has quickly travelled from one location to another, affecting enterprises around the world. The authorities enacted several limitations to stop the virus from spreading, such as lockdowns and keeping social isolation, among other things. The market players allow their staff to work remotely in order to follow these standards. The global underwater concrete market is expected to grow due to the adoption of automated technologies in manufacturing facilities. To maintain social distance, developed and developing economies implemented partial or complete lockdowns, with the majority of retail outlets and e-commerce services shut down. Production of construction-related products and providing associated services are also prohibited during the lockdown. The manufacture of raw materials for undersea concrete was hampered, resulting in a demand-supply mismatch. The pandemic, which is limiting market expansion, has an impact on supply chains as well. These factors have a significant impact on the world economy and the construction sector's revenue creation, as well as the underwater concrete business. Real estate investment is important in generating demand for construction-related products because underwater concrete is widely used in the construction of residential and commercial buildings.
Underwater Concrete Market Segmentation Analysis:Based On Raw Material Segment: The Underwater Concrete market is further segmented into Concrete, Admixtures, and Others. In 2020, the use of cement for underwater concrete was expected to account for nearly 15% of global concrete volume. The development of enhanced Portland cement with improved anti-washout qualities, resulting in easier concrete placing, is expected to boost cement demand. Because of the higher binding capabilities of aggregate materials, aggregate demand emerged as the leading raw material category over the forecast period. Moreover, increased usage of recycled aggregates as partial replacements for natural aggregates is likely to result in a surplus of the product over the estimated period. On the basis of Application: The Underwater Concrete market is further segmented into Hydro Projects, Marine Constructions, Metro Projects, Underwater Repair, and Others. From 2020 to 2027, the demand for concrete for use in the construction of hydropower producing plants is expected to fuel revenue growth at a CAGR of over 7.1%. The underwater concrete market is expected to grow as more hydropower producing capacity is added, as well as increased efforts by national governments to promote hydro energy adoption. The increase in demand for underwater concrete for repairs and maintenance of existing structures is projected to drive the market. Because of the need for frequent repairs due to the harmful effects of the maritime environment, buildings account for a large portion of global demand. The demand for underwater repairs is likely to be driven mostly by the existence of outdated infrastructure in developed countries.
Underwater Concrete Market Regional Insights:Thanks to the use of the commodity in the construction of hydropower producing plants, the European market accounted for over 15% of global demand. Also, industrial development is expected to be fueled by an increase in underwater constructions, such as the proposed link tunnel between Germany and Denmark, which is expected to be one of primary growth drivers during the forecast period. Because of the growth of offshore and marine infrastructure in Germany, the undersea concrete sector is expected to grow. Moreover, the market is likely to profit from the growing adoption of hydropower-based electricity producing plants as part of the country's goal to promote the use of renewable energy sources. The objective of the report is to present a comprehensive analysis of the global Underwater Concrete market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Underwater Concrete dynamics, structure by analyzing the market segments and projecting the Underwater Concrete size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Underwater Concrete market make the report investor’s guide.
Underwater Concrete Market Scope: Inquiry Before Buying
Underwater Concrete Market Report Coverage Details Base Year: 2020 Forecast Period: 2021-2027 Historical Data: 2016 to 2020 Market Size in 2020: US $ 59.95 Bn. Forecast Period 2021 to 2027 CAGR: 9.2% Market Size in 2027: US $ 89.37 Bn. Segments Covered: by Raw Materials • Concrete • Admixtures • Others by Application • Hydro Projects • Marine Constructions • Metro Projects • Underwater Repair • Others
Underwater Concrete Market, by Region• North America • Europe • Asia Pacific • Middle East and Africa • South America
Underwater Concrete Market Key Players• Sika AG • Cemex S.A.B. De C.V. • Rockbond SCP Ltd • Heidelberg Cement Group • M-Con Products Inc. • Underground Supply, Inc. • Wieser Concrete Products Inc. • Conmix Ltd. • Five Star Products Inc. • KING Construction Products • MUHU (China) Construction Materials Co., Ltd. • FOX Industries • Unibeton Ready Mix • Tarmac • Argyll Resources Group • Others Frequently Asked Questions: 1. Which region has the largest share in Underwater Concrete Market? Ans: The Europe held the largest share in 2020. 2. What is the growth rate of the Underwater Concrete Market? Ans: The Underwater Concrete Market is growing at a CAGR of 9.2% during the forecasting period 2021-2027. 3. What segments are covered in the Underwater Concrete market? Ans: Underwater Concrete Market is segmented into Raw Material, Application, and Region. 4. Who are the key players in the Underwater Concrete market? Ans: The important key players in the Underwater Concrete Market are – Sika AG, Cemex S.A.B. De C.V., Rockbond SCP Ltd, HeidelbergCement Group, M-Con Products Inc., Underground Supply, Inc., Wieser Concrete Products Inc., Conmix Ltd., Five Star Products Inc., KING Construction Products, MUHU (China) Construction Materials Co., Ltd., FOX Industries, Unibeton Ready Mix, Tarmac, Argyll Resources Group, and Others. 5. What is the study period of this market? Ans: The Underwater Concrete Market is studied from 2020 to 2027.
1. Global Underwater Concrete Market: Research Methodology 2. Global Underwater Concrete Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Underwater Concrete Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Underwater Concrete Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12. COVID-19 Impact 4. Global Underwater Concrete Market Segmentation 4.1. Global Underwater Concrete Market, by Raw Materials (2020-2027) • Concrete • Admixtures • Others 4.2. Global Underwater Concrete Market, by Application (2020-2027) • Hydro Projects • Marine Constructions • Metro Projects • Underwater Repair • Others 5. North America Underwater Concrete Market(2020-2027) 5.1. North America Underwater Concrete Market, by Raw Materials (2020-2027) • Concrete • Admixtures • Others 5.2. North America Underwater Concrete Market, by Application (2020-2027) • Hydro Projects • Marine Constructions • Metro Projects • Underwater Repair • Others 5.3. North America Underwater Concrete Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Underwater Concrete Market (2020-2027) 6.1. European Underwater Concrete Market, by Raw Materials (2020-2027) 6.2. European Underwater Concrete Market, by Application (2020-2027) 6.3. European Underwater Concrete Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Underwater Concrete Market (2020-2027) 7.1. Asia Pacific Underwater Concrete Market, by Raw Materials (2020-2027) 7.2. Asia Pacific Underwater Concrete Market, by Application (2020-2027) 7.3. Asia Pacific Underwater Concrete Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Underwater Concrete Market (2020-2027) 8.1. Middle East and Africa Underwater Concrete Market, by Raw Materials (2020-2027) 8.2. Middle East and Africa Underwater Concrete Market, by Application (2020-2027) 8.3. Middle East and Africa Underwater Concrete Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Underwater Concrete Market (2020-2027) 9.1. South America Underwater Concrete Market, by Raw Materials (2020-2027) 9.2. South America Underwater Concrete Market, by Application (2020-2027) 9.3. South America Underwater Concrete Market, by Country (2020-2027) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1. Sika AG 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Cemex S.A.B. De C.V. 10.3. Rockbond SCP Ltd 10.4. HeidelbergCement Group 10.5. M-Con Products Inc. 10.6. Underground Supply, Inc. 10.7. Wieser Concrete Products Inc. 10.8. Conmix Ltd. 10.9. Five Star Products Inc. 10.10. KING Construction Products 10.11. MUHU (China) Construction Materials Co., Ltd. 10.12. FOX Industries 10.13. Unibeton Ready Mix 10.14. Tarmac 10.15. Argyll Resources Group 10.16. Others