Global Underwater Concrete Market Surges With Increasing Demand For Submerged Infrastructure Projects| Marketsandmarkets™

By Author: Jack Martin
Total Articles: 256
Comment this article

The report "Underwater Concrete Market by Raw material (Concrete, Precast Concrete), Application (Dams & Reservoirs, Marine Constructions, Underwater repairs, Offshore Wind Power Generation, Tunnel), Laying Techniques, and Region - Global Forecast to 2028", size is estimated to be USD 135.7 billion in 2023, and it is projected to reach USD 175.8 billion by 2028 at a CAGR of 5.3%.

Rising population, improving living standards, and rising urbanization lead to an increase in the construction activity. As a result of this, infrastructure development & reconstruction activities are increasing which drive the market of underwater concrete during the forecast period. Apart from this, technological advancements and increasing marine construction activities also help in driving the market of underwater concrete during the forecast period. Technical complexity & safety risks and Environmental implications are becoming the main restraining factors in this market. However, scaling up the use of offshore wind turbines provides lucrative opportunities for underwater concrete producers. Curing challenge, and Cost & ...
... intense competition are the major challenges of this market.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=155024605

By Raw Material, concrete accounted for the largest share in 2022

The concrete segment holds the largest share in 2022. It is due to its numerous advantages, including strength, durability, versatility, and affordability. Concrete can be formulated with the right proportions of fine and coarse aggregates, as well as suitable admixtures, to control cohesion and minimize the risk of segregation. It is used in various construction applications, such as buildings, bridges, roads, dams, and infrastructure projects. The demand for concrete is driven by the ongoing need for new construction, urbanization, infrastructure development, and renovation projects.

By Application, Marine Constructions accounted for the largest share in 2022

The underwater concrete is used in several application segments such as dams & reservoirs, marine constructions (i.e., ports & harbors, bridge piers, and others), underwater repairs, offshore wind power generation, tunnels, and others. Out of such application segments, marine construction holds the largest market share in 2022. The demand for underwater concrete in marine construction is driven by various factors, including coastal protection needs, offshore oil and gas exploration, renewable energy projects such as offshore wind farms, port and harbor infrastructure development, and others.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=155024605

By Laying techniques, Tremie Method accounted for the largest share in 2022

The tremie method is a widely used technique for placing concrete underwater, particularly in marine and bridge construction projects. It is employed to ensure a continuous flow of concrete to the desired location without segregation or excessive contact with water. Apart from this, this method offers several advantages for underwater concrete placement, including preventing segregation, minimizing the risk of washout, ensuring uniform concrete quality, and reducing the impact of water currents.

Asia Pacific accounted for the largest share as well as the fastest-growing market for the underwater concrete market in 2022

Asia Pacific accounts for the largest share in 2022, in this market. This is attributed to the rapid urbanization and infrastructure development, including the construction of ports, harbors, bridges, tunnels, and offshore structures. This drives the demand for underwater concrete across the several application segments such as marine construction, dams & reservoirs, etc. The Asia Pacific region has significant offshore energy potential, including offshore wind farms, oil and gas platforms, and wave and tidal energy projects. As a result of this, such energy generation potential help to drive the market of underwater concrete during the forecast period.

Speak with Our Expert for More Details: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=155024605

The underwater concrete chemicals market comprises major players such Sika AG (Switzerland), RPM International Inc. (US), Mapei S.P.A (Italy), Buzzi SpA (Italy), Ashland (US), Cemex, S.A.B. de C.V. (Mexico), Conmix (UAE), Rockbond SCP Ltd.(England), Unibeton Ready Mix (UAE), Tarmac (England), Heidelberg Materials (Germany), and others are covered in the underwater concrete market.

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The Knowledge Store™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441