Underwater Concrete Market
Underwater Concrete Market Forecasts to 2030 - Global Analysis by Product (Self-Consolidating Concrete (SCC) and High-Density Concrete), Type, Raw Material, Technique, Application and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $145.6 BN |
|
Projected Year Value (2030) |
US $222.2 BN |
|
CAGR (2024 - 2030) |
7.3% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Underwater Concrete Market is accounted for $145.6 billion in 2024 and is expected to reach $222.2 billion by 2030 growing at a CAGR of 7.3% during the forecast period. Underwater concrete is a type of concrete that is meant to be placed and cured underwater without segregation or washout. To guarantee strength and longevity, it is made with low water-to-cement ratios, a high cement concentration, and anti-washout admixtures. Usually, preplaced aggregate techniques, pumps, or tremie pipes are used for its placement. Bridge piers, offshore buildings, tunnels, dams, underwater repairs, and maritime construction all make extensive use of underwater concrete. In areas exposed to water, it maintains structural integrity by fending against erosion, sulfate attacks, and chloride penetration.
Market Dynamics:
Driver:
Growing Marine and Offshore Construction
Underwater concrete market growth is mostly driven by the expanding marine and offshore construction industry. High-performance underwater concrete is required for stability and durability in a growing number of infrastructure projects, including oil and gas platforms, offshore wind farms, ports, and harbos. Increased spending on deep-sea tunnels and coastal defense projects also propels industry expansion. Its use is improved by developments in anti-washout admixtures and deployment methods. Underwater concrete is becoming more and more in demand as offshore energy projects and international maritime traffic grow.
Restraint:
High Cost of Specialized Materials and Admixtures
The high cost of specialized materials and admixtures stifles the underwater concrete business by raising overall project costs. Adoption in projects with limited funds is restricted by the high cost of procurement for advanced formulations needed for durability and anti-washout qualities. Profitability is further strained by raw material price volatility. Despite growing demand for infrastructure and marine developments, these obstacles deter investment in underwater building, delaying market growth.
Opportunity:
Advancements in Concrete Technology
Advancements in concrete technology are driving the underwater concrete market by improving durability, workability, and resistance to harsh marine conditions. Innovations such as self-compacting concrete, anti-washout admixtures and nanotechnology enhance strength and longevity. 3D printing and advanced placement techniques like robotic pouring reduce labor costs and errors. Eco-friendly materials, including low-carbon cement and corrosion-resistant additives, boost sustainability. These advancements enable broader applications in marine infrastructure, fueling market growth and adoption worldwide.
Threat:
Complexity in Construction and Placement
The intricacy of construction and installation stifles the underwater concrete market by raising costs, project deadlines, and technical obstacles. To guarantee strength and durability, precise mix design, sophisticated machinery, and experienced workers are needed. Placement is made more difficult by harsh underwater conditions including strong currents and poor visibility. Despite growing infrastructure demands, these limitations restrict acceptance, especially in smaller projects, and limit market growth overall.
Covid-19 Impact
The COVID-19 pandemic disrupted the underwater concrete market due to supply chain disruptions, labor shortages, and halted construction projects. Lockdowns delayed infrastructure developments, particularly in marine and bridge construction. However, post-pandemic recovery efforts and government investments in infrastructure boosted demand. Rising raw material costs and logistical challenges continued to impact the market, but increased focus on resilient underwater structures supported gradual market growth.
The high-density concrete segment is expected to be the largest during the forecast period
The high-density concrete segment is expected to account for the largest market share during the forecast period, because they are strong, long-lasting, and impervious to chemical and water pressure. It is perfect for marine foundations and undersea tunnels because it uses heavy materials like barite or magnetite, which increase structural stability in deep-sea and high-load applications. Increased underwater building projects, especially in the energy and coastal infrastructure sectors, are driving up demand for high-density concrete, which in turn is driving technological developments in underwater concrete and overall market growth.
The hydropower segment is expected to have the highest CAGR during the forecast period
Over the forecast period, the hydropower segment is predicted to witness the highest growth rate, as global demand for renewable energy rises, hydropower projects expand, requiring durable, high-strength underwater concrete for structural integrity and resistance to water pressure. Government investments in sustainable energy and infrastructure further boost market growth. Additionally, advancements in admixtures enhance underwater concrete performance, making it a preferred choice for hydropower developments, fueling market demand in both developed and emerging economies.
Region with largest share:
During the forecast period, the North America region is expected to hold the largest market share due to increased government investments in coastal resilience and flood protection fuel demand. Expanding oil & gas exploration in offshore regions boosts adoption. Technological advancements in anti-washout and self-compacting underwater concrete enhance durability, attracting industry players. Additionally, the growing repair and rehabilitation of aging underwater structures and adherence to stringent environmental regulations further propel market expansion across North America.
Region with highest CAGR:
Over the forecast period, the Asia Pacific region is anticipated to exhibit the highest CAGR, owing to rapid infrastructure development, including bridges, tunnels, and marine structures. Increasing investments in port expansions, offshore wind farms, and underwater tunnels fuel demand. Government initiatives for coastal protection and flood control further boost market growth. Advancements in admixtures and anti-washout technologies enhance underwater concrete performance. Additionally, the region's growing urbanization, industrialization, making Asia-Pacific a key player in the underwater concrete sector.
Key players in the market
Some of the key players profiled in the Underwater Concrete Market include 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 and Argyll Resources Group.
Key Developments:
In November 2022, Fox Corporation announced that it has selected FreeWheel, a global technology platform for the television advertising industry, as a partner to enable its OneFOX video inventory across the company’s leading entertainment, sports, streaming and news portfolio.
In March 2021, Airbus and TARMAC Aerosave have renewed their contract for aircraft storage, maintenance and recycling. This new contract extends the collaboration between Airbus and its subsidiary TARMAC Aerosave.
Products Covered:
• Self-Consolidating Concrete (SCC)
• High-Density Concrete
Types Covered:
• Pre-Packaged Underwater Concrete
• Site-Mixed Underwater Concrete
Raw Materials Covered:
• Admixtures
• Cement
• Aggregates
• Other Raw Materials
Techniques Covered:
• Tremie Method
• Bucket Placing
• Hydro Valve Method
• Pump Method
• Other Techniques
Applications Covered:
• Dams & Reservoirs
• Marine Constructions
• Underwater Repairs
• Offshore Wind Power Generation
• Hydropower
• Swimming Pools
• Tunnel
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Underwater Concrete Market, By Product
5.1 Introduction
5.2 Self-Consolidating Concrete (SCC)
5.3 High-Density Concrete
6 Global Underwater Concrete Market, By Type
6.1 Introduction
6.2 Pre-Packaged Underwater Concrete
6.3 Site-Mixed Underwater Concrete
7 Global Underwater Concrete Market, By Raw Material
7.1 Introduction
7.2 Admixtures
7.3 Cement
7.4 Aggregates
7.5 Other Raw Materials
8 Global Underwater Concrete Market, By Technique
8.1 Introduction
8.2 Tremie Method
8.3 Bucket Placing
8.4 Hydro Valve Method
8.5 Pump Method
8.6 Other Techniques
9 Global Underwater Concrete Market, By Application
9.1 Introduction
9.2 Dams & Reservoirs
9.3 Marine Constructions
9.4 Underwater Repairs
9.5 Offshore Wind Power Generation
9.6 Hydropower
9.7 Swimming Pools
9.8 Tunnel
9.9 Other Applications
10 Global Underwater Concrete Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Sika AG
12.2 Cemex S.A.B. De C.V.
12.3 Rockbond SCP Ltd
12.4 Heidelberg Cement Group
12.5 M-Con Products Inc.
12.6 Underground Supply, Inc.
12.7 Wieser Concrete Products Inc.
12.8 Conmix Ltd.
12.9 Five Star Products Inc.
12.10 KING Construction Products
12.11 MUHU (China) Construction Materials Co., Ltd.
12.12 FOX Industries
12.13 Unibeton Ready Mix
12.14 Tarmac
12.15 Argyll Resources Group
List of Tables
1 Global Underwater Concrete Market Outlook, By Region (2022-2030) ($MN)
2 Global Underwater Concrete Market Outlook, By Product (2022-2030) ($MN)
3 Global Underwater Concrete Market Outlook, By Self-Consolidating Concrete (SCC) (2022-2030) ($MN)
4 Global Underwater Concrete Market Outlook, By High-Density Concrete (2022-2030) ($MN)
5 Global Underwater Concrete Market Outlook, By Type (2022-2030) ($MN)
6 Global Underwater Concrete Market Outlook, By Pre-Packaged Underwater Concrete (2022-2030) ($MN)
7 Global Underwater Concrete Market Outlook, By Site-Mixed Underwater Concrete (2022-2030) ($MN)
8 Global Underwater Concrete Market Outlook, By Raw Material (2022-2030) ($MN)
9 Global Underwater Concrete Market Outlook, By Admixtures (2022-2030) ($MN)
10 Global Underwater Concrete Market Outlook, By Cement (2022-2030) ($MN)
11 Global Underwater Concrete Market Outlook, By Aggregates (2022-2030) ($MN)
12 Global Underwater Concrete Market Outlook, By Other Raw Materials (2022-2030) ($MN)
13 Global Underwater Concrete Market Outlook, By Technique (2022-2030) ($MN)
14 Global Underwater Concrete Market Outlook, By Tremie Method (2022-2030) ($MN)
15 Global Underwater Concrete Market Outlook, By Bucket Placing (2022-2030) ($MN)
16 Global Underwater Concrete Market Outlook, By Hydro Valve Method (2022-2030) ($MN)
17 Global Underwater Concrete Market Outlook, By Pump Method (2022-2030) ($MN)
18 Global Underwater Concrete Market Outlook, By Other Techniques (2022-2030) ($MN)
19 Global Underwater Concrete Market Outlook, By Application (2022-2030) ($MN)
20 Global Underwater Concrete Market Outlook, By Dams & Reservoirs (2022-2030) ($MN)
21 Global Underwater Concrete Market Outlook, By Marine Constructions (2022-2030) ($MN)
22 Global Underwater Concrete Market Outlook, By Underwater Repairs (2022-2030) ($MN)
23 Global Underwater Concrete Market Outlook, By Offshore Wind Power Generation (2022-2030) ($MN)
24 Global Underwater Concrete Market Outlook, By Hydropower (2022-2030) ($MN)
25 Global Underwater Concrete Market Outlook, By Swimming Pools (2022-2030) ($MN)
26 Global Underwater Concrete Market Outlook, By Tunnel (2022-2030) ($MN)
27 Global Underwater Concrete Market Outlook, By Other Applications (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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