The Underwater Concrete Market is expected to grow over the CAGR of around 9% during the period 2017 to 2023.
Underwater concrete is concrete used for prevention of concrete segregation under the water. Due to this, various types of admixtures are used with the objective of maintaining and enhancing the durability of concrete.
Underwater concrete market is majorly driven by the emerging need for the repair and maintenance of the existing underwater structures. Various kinds of admixtures are being used in underwater concrete, which help in reducing shrinkages, strengthening the durability and preventing the erosion of concrete when the concrete is being used underwater. The increasing construction of dams and tunnels in the developing nations and the advanced constructions such as swimming pools in developed nations contribute largely to the growth of the underwater concrete market. The increasing demand of marine installations such as underground shafts and port and harbour installations also drives the demand for underwater concrete.
Study Objectives of Underwater Concrete Market
The key players in underwater concrete market are Sika AG (Switzerland), Cemex S.A.B. De C.V. (Mexico), Rockbond SCP Ltd (UK), Conmix Ltd. (United Arab emirates), HeidelbergCement Group (Germany), M-Con Products Inc. (U.S.), Underground Supply, Inc. (U.S.), Wieser Concrete Products Inc. (U.S.) and others.
North America is expected to grow the highest in the underwater concrete market. The improved quality of underwater marine constructions, including bridge piers in rivers and harbor installations is expected to drive the growth of the market. In the Asia-Pacific region, the growth of the underwater concrete market can be attributed to the undertaking of underground metro projects.
The report for Underwater Concrete Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
|Market Size||2027: Significant Value|
|CAGR||9% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||by Technology, by Application, by Material|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Sika AG (Switzerland), Cemex S.A.B. De C.V. (Mexico), Rockbond SCP Ltd (UK), Conmix Ltd. (United Arab emirates), HeidelbergCement Group (Germany), M-Con Products Inc. (U.S.), Underground Supply, Inc. (U.S.), Wieser Concrete Products Inc. (U.S.)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
Underwater concrete market projected to grow at a 9% CAGR between 2017-2023.
North America is expected to lead the underwater concrete market.
Rising construction of tunnels and dams and demand for marine installation are adding to the underwater concrete market growth.
Underwater concrete is extensively used in hydropower, tunnels, underwater repairs, and marine.
Key competitors in the underwater concrete market include Wieser Concrete Products Inc. (U.S.), Underground Supply, Inc. (U.S.), M-Con Products Inc. (U.S.), HeidelbergCement Group (Germany), Conmix Ltd. (United Arab Emirates), Rockbond SCP Ltd (UK), Rockbond SCP Ltd (UK), Cemex S.A.B. De C.V. (Mexico), and Sika AG (Switzerland).