Underwater Concrete Market Overview

“The global Underwater Concrete Market is expected to grow rapidly at a 8.5% CAGR consequently, it will grow from its existing size of from $191.56 billion in 2023 to $421 billion by 2030.”

What exactly is Underwater Concreting?

Underwater concrete, or "underwater concreting," involves pouring new concrete under water, which has several limitations compared to traditional concrete casting methods, as it requires more careful planning and execution.

Underwater concrete (UWC) is a high-performance concrete used in specific locations like bridge piers, harbors, sea and river defenses, offshore oil fields, and foundations in high water levels, renowned for its strength, workability, and durability.

Underwater concrete is a unique method that eliminates the need for water isolation, enabling concrete to be cast directly under water.

Underwater Concrete Properties

In terms of mixture design, the following characteristics distinguish underwater concrete:

• The cementitious material content ranges from 400 to 600 kg/m3 with a water-to-powder ratio ranging from 0.35 to 0.46.
• The sand-to-aggregate ratio should be between 0.42 and 0.5.
• Superplasticizers are often included in the mixture at a concentration of 0.05%-2.65% to increase fluidity and allow for a lower water-to-cement ratio and hence increased strength.
• There is a chance that concrete thrown underwater will separate and wash out. That is, a unique form of admixture known as "anti-washout admixtures" is added to the mix with a dose ranging from 0.005% to 0.265% to increase the yield value and viscosity.

Underwater Concrete Methods

There are several ways for underwater concreting, including:

• The Tremie method
• Installation in dewatered caissons or cofferdams
• Using bags to fill buckets
• Concrete that has been pre-packaged

Demand Outlook

The demand for underwater concrete is expected to rise due to the rise in maritime construction projects like bulk terminals, oil platforms, dock buildings, wind farms, submarine pipelines, oil platforms, and bridges.

Concrete, particularly underwater concrete, is widely used in construction projects for intricate water-contact infrastructure, including bridge pillars, dams, ports, swimming pools, hydro projects, and platforms, due to its hydrophobic properties and strength.

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Market Dynamics

Growth Factors:

• The expansion of ports and harbors for vessel accumulation and managing high trade volumes is expected to promote global sales of undersea concrete.
• Constant advancements in manufacturing technologies employed in the manufacture of underwater concrete create profitable opportunities for industry participants.

Governments are investing in port capacity expansion and operational efficiency improvements due to the 80% global commercial activities conducted via maritime routes. The rising demand for underwater cement from various end users, including electricity, oil, and gas, is expected to create new opportunities for competitors.

Underwater concrete offers numerous benefits, but its expansion potential is limited by constant changes in raw material costs.

Growth Drivers:

“The focus is shifting towards expanding harbors and ports to accommodate the growing trade volumes”

The construction sector is thriving due to increasing undersea building operations and rapid urbanization, leading to an increased demand for urban infrastructure development.

The growing population of coastal areas necessitates the development of more efficient coastal protection systems like breakwaters, bridges, and groynes, which require marine concrete for strength. The growth of harbors and ports is also driving the demand for underwater concrete in infrastructure development.

“The utilization of offshore wind turbines is on the rise”

The growing use of offshore wind turbines could lead to significant opportunities for underwater cement manufacturers, as the demand for strong foundations based on subsea concrete increases.

Technological advancements in the offshore sector are expected to boost demand for undersea concrete, while the offshore wind industry expansion will create a larger supply chain system. Sustainability and international cooperation are key market drivers, and the rise of the offshore wind sector offers opportunities for industry stakeholders.

Challenges:

“Technical challenges and safety risks associated with the application of underwater concrete”

Undersea concrete usage presents technological complexity challenges due to water pressure and poor sight, increasing project costs and timeframes.

Strong currents and specialized training for offshore concrete use are expected to hinder safety standards and industry growth due to a shortage of competent labor.

“Challenges in curing underwater concrete”

Curing undersea concrete faces challenges such as water displacement, limited access, extended curing durations, temperature control difficulties, harsh ambient conditions, compatibility with water chemistry, and monitoring complexity, making performance and quality maintenance challenging.

Underwater Concrete Market Segment Analysis

Which raw material is widely used in the production of underwater concrete?

“Increasing use of aggregates in underwater concrete production due to their strength and durability”

Global aggregate consumption is projected to rise by 9.3%, reaching US$ 130.7 billion by 2030. The quality of aggregates like gravel, crushed stone, and sandstone is crucial for underwater concrete production, providing durability, strength, and various mechanical properties.

Which application of underwater concrete generates the most revenue?

“The utilization of underwater concrete is increasing for the construction and maintenance of maritime structures.”

The global demand for undersea concrete is expected to surge due to its crucial role in building, maintaining, and repairing maritime structures like bridges and dams, as well as its demand for building repair and maintenance.

The increasing demand for high-quality maritime buildings in developing countries is predicted to boost the demand for undersea concrete.

Competitive Landscape of the Underwater Concrete Market

• Cemex S.A.B. De C.V.
• FOX Industries
• Conmix Ltd.
• HeidelbergCement Group
• M-Con Products Inc.
• Lafarge Tarmac
• Rockbond SCP Ltd.
• Wieser Concrete Products Inc.
• Underground Supply, Inc.
• Sika AG

Recent Developments in Underwater Concrete Market

Sika AG, in May 2023, acquired MBCC Group. The motive of this initiative is to strengthen Sika’s reach across geographies and further reinforce its product range and services in the construction industry.

Mapsei S.P.A., in November 2022, invested in the construction of its headquarters in Germany and the upgradation of its existing R&D center.

ROP International Inc., in July 2021, acquired a chemical manufacturing plant from ChampionX Corporation. This plant is based in the United States and owned and managed by Tremco Construction Products Group.

Heidelberg Cement, in September 2019, acquired Giant Cement’s Keystone Cement plant. The latter is a subsidiary of Elementia S.A.B. and is working to strengthen its footprints in North America.

Regional Insights

Because of constant developments in marine engineering, North America is expected to hold a considerable share of the global market. Furthermore, the market in Asia Pacific is expected to rise rapidly as a result of increased government activities to construct ports and offshore infrastructure for commerce. Underwater metro developments in nations such as India are expected to broaden the market's horizon. In 2022, the Asia Pacific market will be worth US$ 41 billion.

Undersea concrete companies are showing interest in the United States due to its potential for growth and development

“The utilization of underwater concrete is increasing in the construction of hydropower plants”

Underwater concrete is widely used in hydroelectric projects in the US, with advances in underwater building technologies and rising investments in marine infrastructure projects like renewable energy programs and offshore wind farms boosting demand for US suppliers.

Which European countries are suitable for investment?

“Increasing investments in enhancing the aging marine infrastructure in the United Kingdom and Germany.”

The German market is projected to experience a 6.1% CAGR growth, with rapid growth in the UK market and Germany securing a significant revenue share in the future.

Germany and the UK are investing heavily in enhancing marine infrastructure to ensure safe operations and reduce pollution. This is a result of strict environmental restrictions and significant expenditures, creating opportunities for participants in the process.

Underwater concrete manufacturers are showing interest in India, China, and Japan due to their potential for growth and development.

“The increasing volume of maritime trade necessitates efficient offshore infrastructure.”

Economic growth and urbanization in India, Japan, and China are driving demand for more harbors, ports, coastal protection works, bridges, and offshore structures. Underwater concrete is used as a durable building material, and advances in underwater building technologies, government measures for marine trade and tourism, and increased infrastructure development contribute to its rapid expansion.

Segments Covered in the Underwater Concrete Market

Underwater Concrete Market By Raw Material

• Aggregates
• Admixtures
• Cement

Underwater Concrete Market By Application

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

Underwater Concrete Market By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Frequently Asked Questions:

What is the size of the global underwater concrete market in 2023?

The market for underwater concrete is estimated at US$ 191.56 billion in 2023.

At what rate is the demand for underwater concrete forecasted to increase?

Worldwide demand for underwater concrete is predicted to increase at a CAGR of 8.5% from 2023 to 2030.

At what rate is the market projected to expand in Germany?

The underwater concrete market in Germany is forecasted to advance at a CAGR of 6.1% through 2030.

1. Executive Summary

 1.1. Global Market Outlook

 1.2. Demand Side Trends

 1.3. Supply Side Trends

 1.4. Analysis and Recommendations

2. Market Overview

 2.1. Market Coverage / Taxonomy

 2.2. Market Definition / Scope / Limitations

 2.3. Inclusions/Exclusions

3. Key Market Trends

 3.1. Key Trends Impacting the Market

 3.2. Raw Material modifications /Innovation

4. Key Success Factors

 4.1. Strategic Developments

 4.2. Key regulations

 4.3. Raw Material USPs /Technology

 4.4. List of Manufacturers and Providers

5. Market Background

 5.1. Macro-Economic Factors

 5.1.1. Global GDP outlook

 5.1.2. Increasing R&D Expenditure

 5.2. Forecast Factors - Relevance & Impact

 5.2.1. New Raw Material launches

 5.2.2. Cost of Raw Materials

 5.3. Market Dynamics

 5.3.1. Drivers

 5.3.2. Restraints

 5.3.3. Opportunity Analysis

6. COVID19 Crisis Analysis

 6.1. Current COVID19 Statistics and Probable Future Impact

 6.2. Current GDP Projection and Probable Impact

 6.3. Current Economic Projection as Compared to 2008 Economic analysis

 6.4. COVID19 and Impact Analysis

 6.4.1. Revenue By Raw Material

 6.4.2. Revenue By Application

 6.4.3. Revenue By Country

 6.5. 2022 Market Scenario

 6.6. Quarter by Quarter Forecast

 6.7. Projected Recovery Quarter

7. Global Market Volume (Units) Analysis 2018 to 2022 and Forecast, 2023 to 2030

 7.1. Historical Market Volume (Units) Analysis, 2018 to 2022

 7.2. Current and Future Market Volume (Units) Projections, 2023 to 2030

 7.2.1. Y-o-Y Growth Trend Analysis

8. Global Market - Pricing Analysis

 8.1. Regional Pricing Analysis By Raw Material

 8.2. Pricing Break-up

 8.2.1. Manufacturer Level Pricing

 8.2.2. Distributor Level Pricing

 8.3. Global Average Pricing Analysis Benchmark

9. Global Market Value Analysis 2018 to 2022 and Forecast, 2023 to 2030

 9.1. Historical Market Value (US$ Mn) Analysis, 2018 to 2022

 9.2. Current and Future Market Value (US$ Mn) Projections, 2023 to 2030

 9.2.1. Y-o-Y Growth Trend Analysis

 9.2.2. Absolute $ Opportunity Analysis

10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2030, by Raw Material

 10.1. Introduction / Key Findings

 10.2. Historical Market Size (US$ Mn) Analysis By Raw Material, 2018 to 2022

 10.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Raw Material, 2023 to 2030

 10.3.1. Aggregates

 10.3.2. Admixtures

 10.3.3. Cement

 10.4. Market Attractiveness Analysis By Raw Material

11. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2030, by Application

 11.1. Introduction / Key Findings

 11.2. Historical Market Size (US$ Mn) Analysis By Application, 2018 to 2022

 11.3. Current and Future Market Size (US$ Mn) Analysis and Forecast By Application, 2023 to 2030

 11.3.1. Hydropower

 11.3.2. Tunnels

 11.3.3. Marine

 11.3.4. Shore Protection

 11.3.5. Swimming Pools

 11.3.6. Underwater Repairs

 11.4. Market Attractiveness Analysis By Application

12. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2030, by Region

 12.1. Introduction

 12.2. Historical Market Size (US$ Mn) Analysis By Region, 2018 to 2022

 12.3. Current Market Size (US$ Mn) Analysis and Forecast By Region, 2023 to 2030

 12.3.1. North America

 12.3.2. Latin America

 12.3.3. Europe

 12.3.4. East Asia

 12.3.5. South Asia

 12.3.6. Oceania

 12.3.7. Middle East and Africa (MEA)

 12.4. Market Attractiveness Analysis By Region

13. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2030

 13.1. Introduction

 13.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022

 13.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2030

 13.3.1. By Country

 13.3.1.1. U.S.

 13.3.1.2. Canada

 13.3.2. By Raw Material

 13.3.3. By Application

 13.4. Market Attractiveness Analysis

 13.5. Key Market Participants - Intensity Mapping

 13.6. Drivers and Restraints - Impact Analysis

14. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2030

 14.1. Introduction

 14.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022

 14.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2030

 14.3.1. By Country

 14.3.1.1. Brazil

 14.3.1.2. Mexico

 14.3.1.3. Argentina

 14.3.1.4. Rest of Latin America

 14.3.2. By Raw Material

 14.3.3. By Application

 14.4. Market Attractiveness Analysis

 14.5. Key Market Participants - Intensity Mapping

 14.6. Drivers and Restraints - Impact Analysis

15. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2030

 15.1. Introduction

 15.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022

 15.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2030

 15.3.1. By Country

 15.3.1.1. Germany

 15.3.1.2. Italy

 15.3.1.3. France

 15.3.1.4. U.K.

 15.3.1.5. Spain

 15.3.1.6. Russia

 15.3.1.7. Rest of Europe

 15.3.2. By Raw Material

 15.3.3. By Application

 15.4. Market Attractiveness Analysis

 15.5. Key Market Participants - Intensity Mapping

 15.6. Drivers and Restraints - Impact Analysis

16. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2030

 16.1. Introduction

 16.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022

 16.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2030

 16.3.1. By Country

 16.3.1.1. India

 16.3.1.2. Thailand

 16.3.1.3. Indonesia

 16.3.1.4. Malaysia

 16.3.1.5. Rest of South Asia

 16.3.2. By Raw Material

 16.3.3. By Application

 16.4. Market Attractiveness Analysis

 16.5. Key Market Participants - Intensity Mapping

 16.6. Drivers and Restraints - Impact Analysis

17. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2030

 17.1. Introduction

 17.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022

 17.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2030

 17.3.1. By Country

 17.3.1.1. China

 17.3.1.2. Japan

 17.3.1.3. South Korea

 17.3.1.4. Rest of East Asia

 17.3.2. By Raw Material

 17.3.3. By Application

 17.4. Market Attractiveness Analysis

 17.5. Key Market Participants - Intensity Mapping

 17.6. Drivers and Restraints - Impact Analysis

18. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2030

 18.1. Introduction

 18.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022

 18.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2030

 18.3.1. By Country

 18.3.1.1. Australia

 18.3.1.2. New Zealand

 18.3.2. By Raw Material

 18.3.3. By Application

 18.4. Market Attractiveness Analysis

 18.5. Key Market Participants - Intensity Mapping

 18.6. Drivers and Restraints - Impact Analysis

19. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2030

 19.1. Introduction

 19.2. Historical Market Size (US$ Mn) Trend Analysis By Market Taxonomy, 2018 to 2022

 19.3. Market Size (US$ Mn) Forecast By Market Taxonomy, 2023 to 2030

 19.3.1. By Country

 19.3.1.1. GCC Countries

 19.3.1.2. South Africa

 19.3.1.3. Rest of Middle East and Africa

 19.3.2. By Raw Material

 19.3.3. By Application

 19.4. Market Attractiveness Analysis

 19.5. Drivers and Restraints - Impact Analysis

20. Key and Emerging Countries Market Analysis 2018 to 2022 and Forecast 2023 to 2030

 20.1. Introduction

 20.1.1. Market Value Proportion Analysis, By Key Countries

 20.1.2. Global Vs. Country Growth Comparison

 20.2. U.S. Market Analysis

 20.2.1. By Raw Material

 20.2.2. By Application

 20.3. Canada Market Analysis

 20.3.1. By Raw Material

 20.3.2. By Application

 20.4. Mexico Market Analysis

 20.4.1. By Raw Material

 20.4.2. By Application

 20.5. Brazil Market Analysis

 20.5.1. By Raw Material

 20.5.2. By Application

 20.6. U.K. Market Analysis

 20.6.1. By Raw Material

 20.6.2. By Application

 20.7. Germany Market Analysis

 20.7.1. By Raw Material

 20.7.2. By Application

 20.8. France Market Analysis

 20.8.1. By Raw Material

 20.8.2. By Application

 20.9. Italy Market Analysis

 20.9.1. By Raw Material

 20.9.2. By Application

 20.10. Spain Market Analysis

 20.10.1. By Raw Material

 20.10.2. By Application

 20.11. BENELUX Market Analysis

 20.11.1. By Raw Material

 20.11.2. By Application

 20.12. Russia Market Analysis

 20.12.1. By Raw Material

 20.12.2. By Application

 20.13. China Market Analysis

 20.13.1. By Raw Material

 20.13.2. By Application

 20.14. Japan Market Analysis

 20.14.1. By Raw Material

 20.14.2. By Application

 20.15. South Korea Market Analysis

 20.15.1. By Raw Material

 20.15.2. By Application

 20.16. India Market Analysis

 20.16.1. By Raw Material

 20.16.2. By Application

 20.17. ASEAN Market Analysis

 20.17.1. By Raw Material

 20.17.2. By Application

 20.18. Australia Market Analysis

 20.18.1. By Raw Material

 20.18.2. By Application

 20.19. New Zealand Market Analysis

 20.19.1. By Raw Material

 20.19.2. By Application

 20.20. GCC Countries Market Analysis

 20.20.1. By Raw Material

 20.20.2. By Application

 20.21. Turkey Market Analysis

 20.21.1. By Raw Material

 20.21.2. By Application

 20.22. South Africa Market Analysis

 20.22.1. By Raw Material

 20.22.2. By Application

21. Market Structure Analysis

 21.1. Market Analysis by Tier of Companies

 21.2. Market Concentration

 21.3. Market Share Analysis of Top Players

 21.4. Market Presence Analysis

 21.4.1. By Regional footprint of Players

 21.4.2. Raw Material foot print by Players

 21.4.3. Channel Foot Print by Players

22. Competition Analysis

 22.1. Competition Dashboard

 22.2. Competition Benchmarking

 22.3. Competition Deep dive

 22.3.1. Cemex S.A.B. De C.V.

 22.3.1.1. Overview

 22.3.1.2. Raw Material Portfolio

 22.3.1.3. Profitability by Market Segments (Raw Material/Channel/Region)

 22.3.1.4. Sales Footprint

 22.3.1.5. Strategy Overview

 22.3.2. FOX Industries

 22.3.2.1. Overview

 22.3.2.2. Raw Material Portfolio

 22.3.2.3. Profitability by Market Segments (Raw Material/Channel/Region)

 22.3.2.4. Sales Footprint

 22.3.2.5. Strategy Overview

 22.3.3. Conmix Ltd.

 22.3.3.1. Overview

 22.3.3.2. Raw Material Portfolio

 22.3.3.3. Profitability by Market Segments (Raw Material/Channel/Region)

 22.3.3.4. Sales Footprint

 22.3.3.5. Strategy Overview

 22.3.4. HeidelbergCement Group

 22.3.4.1. Overview

 22.3.4.2. Raw Material Portfolio

 22.3.4.3. Profitability by Market Segments (Raw Material/Channel/Region)

 22.3.4.4. Sales Footprint

 22.3.4.5. Strategy Overview

 22.3.5. M-Con Products Inc.

 22.3.5.1. Overview

 22.3.5.2. Raw Material Portfolio

 22.3.5.3. Profitability by Market Segments (Raw Material/Channel/Region)

 22.3.5.4. Sales Footprint

 22.3.5.5. Strategy Overview

 22.3.6. Lafarge Tarmac

 22.3.6.1. Overview

 22.3.6.2. Raw Material Portfolio

 22.3.6.3. Profitability by Market Segments (Raw Material/Channel/Region)

 22.3.6.4. Sales Footprint

 22.3.6.5. Strategy Overview

 22.3.7. Rockbond SCP Ltd.

 22.3.7.1. Overview

 22.3.7.2. Raw Material Portfolio

 22.3.7.3. Profitability by Market Segments (Raw Material/Channel/Region)

 22.3.7.4. Sales Footprint

 22.3.7.5. Strategy Overview

 22.3.8. Wieser Concrete Products Inc.

 22.3.8.1. Overview

 22.3.8.2. Raw Material Portfolio

 22.3.8.3. Profitability by Market Segments (Raw Material/Channel/Region)

 22.3.8.4. Sales Footprint

 22.3.8.5. Strategy Overview

 22.3.9. Underground Supply, Inc.

 22.3.9.1. Overview

 22.3.9.2. Raw Material Portfolio

 22.3.9.3. Profitability by Market Segments (Raw Material/Channel/Region)

 22.3.9.4. Sales Footprint

 22.3.9.5. Strategy Overview

 22.3.10. Sika AG

 22.3.10.1. Overview

 22.3.10.2. Raw Material Portfolio

 22.3.10.3. Profitability by Market Segments (Raw Material/Channel/Region)

 22.3.10.4. Sales Footprint

 22.3.10.5. Strategy Overview

23. Assumptions and Acronyms Used
24. Research Methodology

Research Methodology