Global Underwater Concrete Market is valued approximately USD 192.29 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 11% over the forecast period 2020-2027. Underwater Concrete is a type of concrete in which admixtures are added to prevent the concrete from washout, segregation and bleeding under water. It was specially designed for constructability and performance in water environments. Rising investments by major market players, development of advance mixture and adhesives, use for repair or maintenance of bridge, dams and marine structure, increasing demand for construction of bridges and tunnels and demand in shore protection application are expected to fuel the growth of the market. For Instance: In 2018 MUHU China and FILCA Admixture Corporation company announced partnership in Philippines. This helped MUHU China in catering Philippines admixture market that also include underwater concrete. However, improper concrete mix design and improper placement impedes the growth of the market over the forecast period of 2020-2027. Also, with increase in use of maintenance of aging marine infrastructure in developing economies is likely to increase the market growth during the forecast period.
The regional analysis of global Underwater Concrete market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increasing demand of marine construction and improving quality of water construction in developing countries . Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as growing number of underwater metro projects in developing countries of region would create lucrative growth prospects for the Underwater Concrete market across Asia-Pacific region.
Major market player included in this report are:
CEMEX S.A.B de C.V.
Dyckerhoff Basal Nederland B.V.
Five Star Products Inc.
King Construction Products
Tarmac (Lafarge Tarmac)
MUHU (China) Construction Materials Co., Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Raw Material:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Underwater Concrete Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers