Underwater Concrete Market Growth Analysis Report By Raw Material (Aggregates, Admixtures, Cement), By Application (Hydropower, Tunnels, Marine, Shore Protection, Swimming Pools, Underwater Repairs) and By Region – Trends, Insights and Forecast Till 2023 to 2030
Categories: Chemical & Material
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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.
Base Year:2022
Historical Data:2018-2022
No of Pages:121
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