Concrete is the most common and primary material used for construction in the world. Underwater concrete is employed for the construction of complex structures which are partly or fully immersed in water such as dams, bridges, swimming pools, or any other structure where a part or the whole structure lies underwater. The utilization of underwater concrete is not new or recent, it has been used for construction purposes since a long time. In recent years, through improved methods of manufacturing and employment of developed equipment tremendous technological progress has been made. Further improvements have been aimed for with regards to the mix proportions design, the methods of implementation, and the quality of concrete admixtures itself. Different methods of implementation include tremie method, pump method, and hydrovalve method.

The demand of high strength raw materials such as admixtures, cement, sealants, and adhesives in the construction industry coupled with a large presence of concrete contractors and manufacturers in developing nations such as India and China are anticipated to drive the expansion of the market during the forecast period.

In terms of raw materials, the global underwater concrete market can be segmented into admixtures, cement, aggregates, and others. The aggregates raw materials segment held a prominent share of the underwater concrete market in 2016, which can be attributed to the superior binding properties of the aggregates. Furthermore, the increasing usage of recycled aggregates in addition to natural aggregates is estimated to boost the expansion of the market for the segment during the forecast period. The cement raw material segment also held a considerable share of the underwater concrete market in 2016. The development of Portland cement is a key driver for this segment. The advanced cement has improved properties which have aided in a hassle-free placement of cement with the help of anti-washout technology. Admixtures and others raw materials segments are projected to expand consistently during the forecast period.

In terms of applications, the global underwater concrete market can be segmented into hydro projects, marine, underwater repairs, tunnels, swimming pools, and others. Demand for concrete in hydro projects such as the construction of hydropower generations plants has been significant in the last few years. Demand is projected to rise on account of increasing efforts by national governments toward the development and adoption of renewable and clean hydro energy. Demand for concrete in the construction, repair, and maintenance of marine structures such as dams and foundations of bridges has also been considerable in 2016. The repair and maintenance of existing structures is a primary driver for expansion of the application segment. The increase in disposable income to experience lavish lifestyles has been a key factor fuelling the increase in demand for concrete in the construction of swimming pools around the world.

In terms of regions, the global underwater concrete market can be segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America held the dominant share of the global market in 2016 followed by Europe. This can be attributed to the usage of underwater concrete in the construction of hydropower plants in developed countries such as the U.S., Germany, Denmark, and sub-regions such as the U.K. The market in Asia Pacific is anticipated to expand rapidly during the forecast period due to the rapid industrialization and development in emerging economies such as China and India. The markets in Latin America and Middle East & Africa are likely to expand considerable during the forecast period due to the booming construction industry.

Key players operating in the global underwater concrete market include Sika AG, HeidelbergCement AG, Conmix Ltd., Five Star Products Inc., and Cemex S.A.B. de C.V.. The companies are focusing on mergers, acquisitions, and other strategies to increase their market share.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Underwater Concrete Market

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