Global Underwater Concrete Market -Growth Drivers, Opportunities and Forecast Analysis to 2023
Global Underwater Concrete Market Synopsis
As per the
analysis by Market Research Future Reports (MRFR), the global Underwater Concrete Market is estimated to expand at a CAGR of
9% during the review period from 2017 to 2023.
Underwater
concrete is a kind of concrete used for preventing concrete segregation under
the water. Owing to this reason, several types of admixtures are utilized to
retain and increase the durability of concrete. The underwater concrete is
majorly utilized in tunnels, underwater repairs, hydropower, and marine.
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The global concrete market 2020 is primarily driven by the rising need for the
maintenance and repair of the existing underwater structures. Several types of
admixtures are being utilized in underwater concrete which assists in lessening
shrinkages, enhancing the durability, and protecting the erosion of concrete
whenever the concrete is utilized underwater. The rising construction of
tunnels and dams in the emerging economies and the developed constructions such
as swimming pools in advanced nations participate significantly in the
expansion of the underwater concrete market. The rising demand for marine
implementation like underground port and shafts and harbor installations also
brings an impact on the demand for underwater concrete. The growing adoption of
hydropower along with elaborate capacity expansions in several countries is
estimated to drive the global underwater concrete market during the forecast
period.
The bounty of
strengthened raw material such as admixtures, cement, sealants, and adhesives
in the economy is estimated to bring an impact on the market. Additionally, the
existence of a large number of concrete manufacturers, sub-contractors,
contractors is also likely to drive the global underwater concrete market.
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Global Underwater Concrete Market Segmentation
The global
underwater concrete market can be segregated on the basis of laying technique,
application, and region.
On the basis of
laying technique, the global underwater concrete market can be divided into
termie method, bucket placing, pump method, and others.
On the basis of
application, the global underwater concrete market can be divided into marine,
underwater repairs, tunnels, hydropower, and others.
On the basis of
region, the global underwater concrete market can be classified into North
America, Europe, Asia-Pacific and the Rest of the World (Row).
Global Underwater Concrete Regional Analysis
As per the regional
analysis by the Market Research Future Reports (MRFR), areas such as North
America, Europe, Asia Pacific and the Rest of the World (RoW) have been
studied.
Among all the
regions, the North American market is estimated to dominate the global
underwater concrete market. It has been estimated that North America is likely
to expand at the fastest pace in the underwater concrete market. The better
quality of underwater marine constructions, comprising of bridge piers in
harbor and rivers is estimated to expand the growth of the market.
In the APAC
region, the expansion of the underwater concrete water market can be accredited
to the undertaking of underground metro projects. The demand of strengthened
raw materials such as cement, sealants, admixtures in the construction industry
along with a strong presence of concrete contractors, and manufacturers in
emerging economies such as India and China are most likely to participate
significantly in the expansion if the underwater concrete water marker during
the review period.
Global Underwater Concrete Key Players
The most
important players in the underwater concrete market are Cemex S.A.B. De C.V. (Mexico), Sika AG (Switzerland), Rockbond SCP Ltd
(UK), HeidelbergCement Group (Germany), Conmix Ltd. (United Arab Emirates),
M-Con Products Inc. (U.S.), Wieser Concrete Products Inc. (U.S.), Underground
Supply, Inc. (U.S.), and others.
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