Delvens published a new research publication on "Underwater Concrete market Insights, to 2030" with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Underwater Concrete market was mainly driven by the increasing RD spending across the world.
The global Underwater Concrete market size was estimated at USD 129.65 billion in 2023 and is projected to reach USD 193.27 billion in 2030 at a CAGR of 5.87% during the forecast period 2023-2030.
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Underwater concrete is a special type of high-performance concrete used for the construction of bridges, ports, foundations in high water soils, and almost all offshore and land structures. The introduction of the underwater concrete process can save engineers from using the conventional construction method by isolating the water, which will reduce the disturbance in the plant operation and save significant savings.
Increase in dams and bridges, favorable government initiatives for underwater construction and increasing use of hydropower have expanded the market area. The need for repair and maintenance of existing underwater structures is increasing, driving the growth of the global underwater concrete market.
Key Findings:
- The raw material segment is further fragmented into Concrete, Admixtures, Precast concrete, cement. The precast concrete segment is expected to account for a larger market size during the forecast period.
- The laying technique segment is further bifurcated into Tremie method, Bucket placing, Pump method, Others. The tremie method is the largest market during the forecast period.
- The application segment is further bifurcated into Swimming pools, Marine Construction, Underwater Repair. Marine construction to account for a larger market size during the forecast period. Marine construction projects are boosting the growth of the underwater concrete market due to several different factors.
Competitive Landscape
- Sika AG
- Conmix Ltd
- M-con Products Inc.
- Wieser Concrete
- Rockbond SCP
- Heidelberg Cement. Group
- lementbau Osthessen GmbH Co
- ELO KG
- Hi-Con
- Metalco SRL
- KPM Industries Ltd.
- GCP Applied Technologies, Inc.
- Mapei S.p.A
- Saint-Gobain and More
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Recent Developments
In May 2023, Sika AG acquired the MBCC Group to strengthen its footprint across all regions and reinforce its range of products and services across the entire construction industry.
In March 2022, Sika AG has acquired Sable Marco Inc., a manufacturer of cementitious products and mortars in Canada
The Underwater Concrete Market is segmented into various segments such as raw material, application, laying technique and region:
Based on Raw Material
- Concrete
- Admixtures
- Precast concrete
- Cement
Based on the Application
- Swimming pools
- Hydropower
- Shore Protection
- Tunnels
- Marine Construction
- Underwater Repair
- Others
Based on the laying technique
- Tremie method
- Bucket placing
- Pump method
- Others
The Report helps to identify the opportunities in Global Regions:
- North America (the United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
- South America (Brazil etc.)
- The Middle East and Africa (North Africa and GCC Countries)
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In addition to the market data for the Underwater Concrete Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
Reasons to Acquire
- Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
- Gain authentic and granular data access for the Underwater Concrete Market to understand the trends and the factors involved in changing market situations.
- Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
- In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns.
Frequently Asked Questions
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- What is the compound annual growth rate (CAGR) of the Underwater Concrete Market?
- Which region holds the largest market share in Underwater Concrete Market?
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- Who are the major players in Underwater Concrete Market?
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