According to a market report by Lucintel, the future of the underwater concrete market looks promising with opportunities in various applications, such as hydro projects, marine constructions, metro projects, and underwater repair systems. The global underwater concrete market is expected to grow with a CAGR of 8% to 10% from 2023 to 2028. The major drivers for this market are increasing need for repair and maintenance of the existing underwater structures, increasing spending of governments to increase operational efficiency and capacity expansion of ports, hydro projects, and marine construction, and rising demand in building coast protection application.
In this market, concrete, and admixtures are the major segments by raw material. Lucintel forecasts that admixtures will remain the largest segment over the forecast period due to increasing efficiency of materials by improving cohesiveness of concrete and preventing the concrete from segregating in the water.
Within this market, hydro projects are expected to remain the largest application segment due to growing efforts by the governments around the world for the development and adoption of renewable and clean hydro energy.
North America will remain the largest region due to the rising usage of underwater concrete in the construction of hydropower plants in emerging countries and increasing population and urbanization, which are resulting in the need for more housing and infrastructure development.
Cemex S.A.B. De, Conmix, Sika, Lafarge Tarmac, Five Star Products, Heidelberg Cement Group, Wieser Concrete, Rockbond SCP, and FOX Industries are the major suppliers in the global underwater concrete market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global underwater concrete market by raw material, application, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Underwater Concrete Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global underwater concrete market by raw material, application, and region, as follows:
Underwater Concrete Market by Raw Material [Value ($B) Shipment Analysis from 2017 to 2028]:
· Concrete
· Admixtures
· Others
Underwater Concrete Market by Application [Value ($B) Shipment Analysis from 2017 to 2028]:
· Hydro Projects
· Marine Constructions
· Metro Projects
· Underwater Repair
· Others
Underwater Concrete Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:
· North America
· Europe
· Asia Pacific
· The Rest of the World
A more than 150 pages and in-depth TOC on “Global Underwater Concrete Market". To download report brochure, please go to
https://www.lucintel.com and click "report brochure" tab from the menu.
For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/underwater-concrete-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the underwater concrete market by raw material (concrete, admixtures, and others), application (hydro projects, marine constructions, metro projects, underwater repair, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity did occur in the last five years and how did they impact the industry?