Market Analysis
The global underwater concrete market is predicted to grow at a 9% CAGR over the forecast period (2017-2023), states the new Market Research Future (MRFR) report. Underwater concrete or UWC, simply put, is a special variety of high-performance concrete. This has been specially designed for enhancing constructability along with performance in water environments.
Underwater concrete is used to construct complex structures that are wholly or partly immersed in water such as swimming pools, bridges, dams, and other structures where the entire or part of the structure lies underwater. This form of concrete is used for preventing concrete segregation under water. Owing to this, numerous types of admixtures are utilized in order to maintain and enhance the durability and strength of the concrete.
Various factors are propelling the underwater concrete market growth. These factors, as specified by the Market Research Future (MRFR) report, include the growing demand for high strength raw materials such as adhesives, sealants, cement, and admixtures in the construction industry, presence of several concrete manufacturers and contractors in India and also China, and increasing construction of tunnels and dams in the developing nations. Additional factors pushing market growth include growing advanced constructions such as swimming pools especially in developed nations, demand for marine installations such as harbor, underground port and shafts installation, increasing underwater metro projects, and the availability of advanced adhesives and admixtures.
On the contrary, improper concrete mix design, coupled with, improper placement are factors that may hinder the underwater concrete market growth over the forecast period.
Market Segmentation
The Market Research Future report provides a wide segmental analysis of the underwater concrete market based on laying technique, product type, and application.
Based on laying technique, the underwater concrete market is segmented into pump method, bucket placing, tremie method, and others.
Based on product type, the underwater concrete market is segmented into geopolymer, slag based, fly ash based, and others.
Based on application, the underwater concrete market is segmented into hydropower, tunnels, underwater repairs, marine, and others. Of these, the hydropower segment will dominate the market over the forecast period.
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Regional Analysis
Based on the region, the underwater concrete market report covers growth opportunities and the latest trends across Asia Pacific (APAC), Europe, North America, and the Rest of the World. Of these, North America will spearhead the market over the forecast period. This is owing to the improved quality of underwater marine constructions in this region such as harbor installations, and bridge piers in rivers. Besides the use of underwater concrete in the hydropower plant construction is also driving market growth.
The underwater concrete market in the APAC region is predicted to expand rapidly over the forecast period. This is owing to development in India as well as China and rapid industrialization. Besides, the undertaking of various underground metro projects is also boosting market growth.
The underwater concrete market in Europe is predicted to have a healthy growth over the forecast period. This is owing to the increasing use of underwater concrete to construct hydropower generation plants. Moreover, rise in underwater construction in this region will also push market growth.
The underwater concrete market in the Rest of the World will have a considerable growth over the forecast period on account of the flourishing construction industry in this region.
Key Players
Leading players profiled in the underwater concrete market report include Wieser Concrete Products Inc. (US), Underground Supply, Inc. (US), M-Con Products Inc. (US), HeidelbergCement Group (Germany), Conmix Ltd. (United Arab Emirates), Rockbond SCP Ltd (UK), Cemex S.A.B. De C.V. (Mexico), and Sika AG (Switzerland), and others.
June 2019: Sydney will conduct the first trial to make roads with industrial waste made from steel manufacturing and coal-fired power stations, an initiative which can help in lowering the greenhouse gases and pollution emitted at the time of producing concrete for laying roads. This geopolymer trial project will result in new products which will create a difference in carbon emissions.
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