Underwater Concrete Market Estimates & Trend Report

Underwater Concrete Market Estimates & Trend Analysis By Raw Material (Admixtures, Aggregates, Cement), By Application (Hydropower, Marine, Shore Protection, Underwater Repairs, Tunnels, Swimming Pools), By Region, And Segment Forecasts, 2014 - 2025

Published: January 2017  |  150 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-350-8

Industry Insights

The global underwater concrete market size was estimated at USD 133.02 billion in 2015 and is likely to witness rapid growth over the forecast period owing to growing demand in construction of shore protection application. The market is expected to witness sustained growth due to the substitution of the conventional shore protection materials with underwater concrete.

The industry is expected to witness high growth owing to the development of advanced cement mixtures and formulations coupled with the rising efficiency of the production processes. In addition, the development of advanced admixtures and adhesives, leading to an increase in the strength of the underwater structures is expected to benefit the market growth

U.S. underwater concrete market revenue, by application, 2014 - 2025 (USD Million)

U.S. underwater concrete market

Rising adoption of hydropower coupled with elaborate capacity expansions in the U.S. and Canada is expected to drive the demand for the product over the forecast period. In addition, increasing demand for underwater concrete for the construction of bridges and tunnels is expected to drive the market growth.

The industry exhibits a high demand for the product for repair and maintenance of dams and marine structures. In addition, growth in the demand for the product for swimming pools coupled with the proposals for the construction of tunnels in the region is expected to drive the industry growth.

The abundance of high-strength raw materials such as cement, admixtures, adhesives, and sealants in the economy is expected to drive the industry growth over the forecast period. In addition, the presence of a large number of concrete manufacturers, contractors, and sub-contractors in the region is expected to account for the high demand for the product in the U.S.

Raw Material Insights

The use of cement for the underwater concrete was estimated at over 14% of the global concrete volume in 2015. The demand for cement is expected to grow on account of the development of advanced Portland cement with improved anti-washout properties leading to ease of concrete placement.

The demand for aggregates accounted emerged as the largest raw material segment over the forecast period on account of superior binding properties of the aggregate materials. In addition, increasing use of recycled aggregates as partial replacements for natural aggregates is expected to result in an abundance of the product over the forecast period.

Application Insights

The demand for the concrete for use in the construction of hydropower generation plants is expected to drive the application to grow at a CAGR of over 7% by revenue from 2016 to 2025. Significant hydropower generation capacity additions coupled with increased effort by the national governments towards the adoption of hydro energy is expected to drive the market growth.

Global underwater concrete market share, by application, 2015 (%)

Global underwater concrete market

The market is expected to be driven by the growth in demand for underwater concrete for repairs and maintenance of the existing structures. The structures account for a high share of the global demand on account of the need of frequent repairs due to the adverse action of the marine environment. The demand for underwater repairs is expected to be driven primarily by the use in developed economies that exhibit the presence of aging infrastructure.

Regional Insights

The market in Europe accounted for the usage of over 15% of the global demand on account of the use of the product for the construction of hydropower generation plants. In addition, industry growth is expected to be driven by the increase in underwater constructions such as the proposed link tunnel between Germany and Denmark is expected to emerge as one of the major drivers for growth over the next nine years.

The underwater concrete industry in Germany is expected to grow on account of offshore and marine infrastructure development.In addition, the market is expected to benefit from the rising adoption of hydropower based electricity generation plants as a part of the country’s policy for the adoption of renewable sources for power generation.

Competitive Insights

The market exhibits the presence of a number of major multinational companies such as Sika AG, HeidelbergCement AG, and Cemex S.A.B. de C.V., involved in mergers, acquisitions, and capacity increases as the major strategies to increase the market share.In July 2016, HeidelbergCement AG announced the acquisition of Italicementi S.p.A. in a move to improve the shares in Europe, Africa, and Asia Pacific.

The companies in the industry are involved in R&D activities in the development of advanced products such as admixture materials, cement, and adhesive chemicals in order to provide a superior product for the consumers. The companies are in the industry are vertically integrated to the production of raw material such as admixtures, cement, and aggregates.

Report Scope

Attribute

Details

Base year for estimation

2015

Actual estimates/Historic data

2014 - 2015

Forecast period

2016 - 2025

Market representation

Market revenue in USD Million; market volume in kilo tons, & CAGR from 2016 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America & Middle East & Africa

Country scope

U.S., Canada, Mexico, Germany, UK, Spain, China, India, Japan, Thailand , Indonesia, Vietnam, Brazil

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

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Segments Covered in the Report

This report forecasts revenue and volume growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the underwater concrete market on the basis of raw material, application and region:

  • Raw Material Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Admixtures

    • Aggregates

    • Cement

    • Others

  • Application Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • Hydropower

    • Marine

    • Shore protection

    • Underwater repairs

    • Tunnels

    • Swimming pools

    • Others

  • Regional Outlook (Volume, Kilo Tons; Revenue, USD Million, 2014 - 2025)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • UK

      • Spain

    • Asia Pacific

      • China

      • India

      • Japan

      • Thailand

      • Indonesia

      • Vietnam

    • Central and South America

      • Brazil

    • Middle East & Africa

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