Dublin, Oct. 19, 2023 (GLOBE NEWSWIRE) -- The "Underwater Concrete Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The global underwater concrete market has experienced remarkable growth, reaching a size of US$ 170.3 Billion in 2022. Projections indicate that the market will continue to flourish, reaching US$ 219.3 Billion by 2028, with a noteworthy Compound Annual Growth Rate (CAGR) of 4.5% during the forecast period from 2023 to 2028.
Underwater concrete is a construction material specifically designed for enhanced performance and efficiency in aquatic environments. It plays a crucial role in various phases of construction, from initial inspection and deterioration prediction to evaluation and remedial measures. This highly durable and cost-effective material offers excellent flowability and compaction without the need for vibration. Consequently, it finds extensive use in the construction of bridge piers, harbors, sea and river defenses, offshore oil field development, and foundations in areas with high water levels worldwide.
Underwater Concrete Market Trends:
Several trends are shaping the growth of the underwater concrete market:
- Demand for Shore Protection: There is a growing demand for underwater concrete as a replacement for conventional shore protection materials globally. This is driven by increased underwater construction activities and the need for effective shore protection solutions.
- Advanced Cement Mixtures: Ongoing development of advanced cement mixtures and formulations to enhance concrete performance, along with improved production processes, is contributing to market growth.
- Admixtures and Adhesives: The rising demand for advanced admixtures and adhesives to strengthen underwater structures is positively impacting the market.
- Infrastructure Development: The escalating demand for underwater concrete in the construction of bridges and tunnels worldwide is a significant driver of market growth.
- Repair and Maintenance: The increased use of underwater concrete in the repair and maintenance of dams and marine structures is creating lucrative opportunities for industry investors.
- Research and Development: Key market players are investing heavily in research and development (R&D) activities to introduce advanced Portland cement with improved anti-washout properties, further bolstering market growth.
Key Market Segmentation:
The report provides a detailed analysis of key market segments, including raw material and application.
Breakdown by Raw Material:
- Admixtures
- Cement
- Aggregates
- Others
Breakdown by Application:
- Hydropower
- Marine
- Shore Protection
- Underwater Repairs
- Tunnels
- Swimming Pools
- Others
Breakdown by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape, featuring profiles of key players such as Buzzi Unicem S.p.A., CEMEX S.A.B. de C.V., CONMIX Ltd., Five Star Products Inc., Heidelberg Materials, Larsen Building Products, MUHU (China) Construction Materials Co. Ltd., Rockbond SCP Ltd, Sika AG, Tarmac (CRH plc), and Unibeton Ready Mix (Al Fara'a Group).
Key Questions Answered in This Report:
- What was the size of the global underwater concrete market in 2022?
- What is the expected growth rate of the global underwater concrete market during 2023-2028?
- What are the key factors driving the global underwater concrete market?
- What has been the impact of COVID-19 on the global underwater concrete market?
- What is the breakdown of the global underwater concrete market based on the raw material?
- What is the breakdown of the global underwater concrete market based on the application?
- What are the key regions in the global underwater concrete market?
- Who are the key players/companies in the global underwater concrete market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 150 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $170.3 Billion |
| Forecasted Market Value (USD) by 2028 | $219.3 Billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/5hdqss
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