Global Underwater Concrete Market To reach US$ 219.3 Billion by 2028

The latest research study “Underwater Concrete Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” the global underwater concrete market size reached US$ 170.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 219.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.5% during 2023-2028.

Underwater concrete refers to construction materials used in certain forms of structural engineering projects in which the lower parts of the buildings are expected to remain underwater. They consist of several raw materials, such as admixtures, cement, aggregates, etc. Underwater concrete products are highly durable and flowable, can easily acquire good compaction in the absence of vibration, and reduce the cost of construction. Consequently, they find widespread applications in constructing bridge piers, harbors, river, and sea defenses, offshore oil fields, and foundations in soil with high water levels across countries.

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Underwater Concrete Market Trends and Drivers: 

The expanding oilfield exploration projects and the increasing need for an effective alternative to conventional shore protection materials across the globe are primarily driving the underwater concrete market. Furthermore, the development of advanced cement mixtures and formulations to improve or upgrade the performance of concrete and the elevating efficiency of manufacturing processes of the product are acting as significant growth-inducing factors. In addition to this, the inflating demand for superior quality admixtures and adhesives to enhance the strength of underwater structures and construct bridges and tunnels is also positively influencing the market growth. Apart from this, the escalating product adoption for repairing and maintaining dams and marine structures and the growing construction of hydropower-based electricity generation plants to promote the adoption of renewable power generation sources are further stimulating the global market. Moreover, the rising investments in research and development (R&D) activities to manufacture advanced portland cement with enhanced anti-washout properties that facilitate improved concrete placement are anticipated to propel the underwater concrete market over the forecasted period.

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Underwater Concrete Market Report Segmentation 2023-2028:

List of Major Key Players:

The major players in the market are

• 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).

The report has been segmented the market into following categories:

Breakup by Raw Material:

• Admixtures
• Cement
• Aggregates
• Others

Breakup by Application:

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

Breakup 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

Key highlights of the report:

• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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