Underwater Concrete Market by Raw Material (Admixtures, Aggregates, Cement), Laying Technology (Bucket Placing, Pneumatic Valves, Pump Method), Application - Global Forecast 2024-2030

Underwater Concrete Market by Raw Material (Admixtures, Aggregates, Cement), Laying Technology (Bucket Placing, Pneumatic Valves, Pump Method), Application - Global Forecast 2024-2030


The Underwater Concrete Market size was estimated at USD 126.69 billion in 2023 and expected to reach USD 137.81 billion in 2024, at a CAGR 9.46% to reach USD 238.67 billion by 2030.

Underwater concrete is a special high-performance concrete used to construct bridges, harbors, foundations in soil with high water levels, and almost all off- and onshore structures. Adopting the underwater concrete process may save engineers from using the conventional method of building by isolating the water, resulting in less disruption to plant operations and significant savings. Underwater concrete is highly flowable concrete that may spread into place under its weight and achieve adequate compaction in the absence of vibration without exhibiting segregation. The rising marine constriction, dams & bridge projects, favorable government initiatives for underwater construction, and the emerging use of hydropower have expanded the market scope. However, fluctuating costs of raw materials and inappropriate placement may hinder market development. Nevertheless, the introduction of anti-washout underwater concrete admixtures and the rising production of eco-friendly underwater concrete create enormous prospects for market growth in the forecast period.

Regional Insights

The American underwater concrete market is highly developing owing to increased hydropower generation, rising aquatic construction activities, and rapid inclination toward shore protection in the region. According to U.S. Department of Energy, Hydropower currently accounts for 28.7% of total U.S. clean electricity generation and about 6.2% of entire U.S. electricity generation, expanding market scope. Additionally, the EMEA underwater concrete market is significantly evolving based on advanced laying technology and the introduction of eco-friendly admixtures. Moreover, the European Commission has published plans to accelerate its transition to clean energy, reducing reliance on Russian gas imports and helping meet climate targets. This transition expands their dependency on renewable energy, such as hydropower generation, which is further expected to improve the demand for underwater concrete. The Asia-Pacific region showcases significant growth prospects shortly owing to emerging underwater construction activities and favorable government initiatives for hydropower generation.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Underwater Concrete Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
  • Increasing number of dams and bridges across the globe
  • Favorable government initiatives for underwater construction
  • Rapid inclination towards the hydropower generation
Market Restraints
  • Fluctuating cost of raw materials of underwater concrete
Market Opportunities
  • Introduction of anti-washout underwater concrete
  • Emerging production of eco-friendly underwater concrete
Market Challenges
  • Concern regarding improper concrete mix design and inappropriate placement for underwater concrete
Market Segmentation Analysis
  • Raw Material: Adoption of cement as the binding agent to provide strength and stability
  • Laying Technology: Proliferation of bucket placing as cost effective method
  • Application: Growing use of underwater concrete in hydropower sector
Market Disruption Analysis
  • Porter’s Five Forces Analysis
  • Value Chain & Critical Path Analysis
  • Pricing Analysis
  • Technology Analysis
  • Patent Analysis
  • Trade Analysis
  • Regulatory Framework Analysis
FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Underwater Concrete Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Underwater Concrete Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Cinven agrees to acquire MBCC Admixtures

Cinven's recent agreement to acquire MB-CC Admixtures marks a significant milestone for the underwater concrete market. This acquisition presents an opportunity for Cinven to expand its presence in the sector, allowing it to capitalise on the advances and expertise of MB-CC Admixtures. With this move, Cinven’s developing new products and services within the sector, as well as deliver sustainable solutions that meet customer needs. By leveraging the industry insights and extensive experience of MB-CC Admixtures, Cinven can create innovative solutions that could potentially revolutionise underwater concrete construction projects around the world.

Ineos Acquired MBCC’s Admixtures Business

As one of the largest chemical companies in Europe, INEOS acquired MB-Crete Solutions Ltd.'s admixtures business. This move forms an important part of the firm's strategy to become a major supplier of admixtures for underwater concrete applications. The acquisition allows INEOS to greatly expand its product portfolio and tap into new markets. Furthermore, the company can now provide customers with specialized performance additives that are tailored to their specific needs.

Adani Cement launched all new revolutionary cutting-edge green concrete solution ‘ACC ECOMaxX’

Adani Cement's launch of the EcoMaxx is a sustainable, green product designed with cutting-edge technology and promises to provide superior results when used underwater. By offering enhanced strength and improved durability, it also provides low carbon footprint, making it a viable option for those looking to reduce their environmental impact.

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Underwater Concrete Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Underwater Concrete Market, highlighting leading vendors and their innovative profiles. These include Ashland Inc., BASF SE, Belov Engenharia, Buzzi Unicem SpA, CEMEX, S.A.B. de C.V., Conmix Ltd., DMI Spezial Injektionsarbeiten, Econcrete Tech Ltd., Evonik Industries AG, Five Star Products, Inc., GCP Applied Technologies Inc. by Compagnie de Saint-Gobain, Gewatech Grund- und Wasserbau GmbH, Gorazdze Cement SA, Hartmann Beton GmbH, HeidelbergCement AG, Larsen Building Products, M-Con Products Inc., Mapei S.p.A, MC-BAUCHEMIE MÜLLER GmbH & Co. KG, MUHU(China) Construction Materials Co., Ltd., PPH ABet Sp. z o.o., Rockbond SCP Ltd., Sika AG, TARMAC HOLDINGS LIMITED by CRH PLC, Unibeton Ready Mix by Al Faraa Group, Waco B.V., and Wieser Concrete.

Market Segmentation & Coverage

This research report categorizes the Underwater Concrete Market to forecast the revenues and analyze trends in each of the following sub-markets:

Raw Material
  • Admixtures
  • Aggregates
  • Cement
  • Laying Technology
  • Bucket Placing
  • Pneumatic Valves
  • Pump Method
  • Tilting Pallet Barge
  • Tremie Method
  • Application
    • Hydropower
    • Marine
    • Shore Protection
    • Swimming Pools
    • Tunnels
    • Underwater Repairs
    Region
    • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
    • California
    • Florida
    • Illinois
    • New York
    • Ohio
    • Pennsylvania
    • Texas
    • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
    • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom


    Please Note: PDF & Excel + Online Access - 1 Year


    1. Preface
    1.1. Objectives of the Study
    1.2. Market Segmentation & Coverage
    1.3. Years Considered for the Study
    1.4. Currency & Pricing
    1.5. Language
    1.6. Stakeholders
    2. Research Methodology
    2.1. Define: Research Objective
    2.2. Determine: Research Design
    2.3. Prepare: Research Instrument
    2.4. Collect: Data Source
    2.5. Analyze: Data Interpretation
    2.6. Formulate: Data Verification
    2.7. Publish: Research Report
    2.8. Repeat: Report Update
    3. Executive Summary
    4. Market Overview
    5. Market Insights
    5.1. Market Dynamics
    5.1.1. Drivers
    5.1.1.1. Increasing number of dams and bridges across the globe
    5.1.1.2. Favorable government initiatives for underwater construction
    5.1.1.3. Rapid inclination towards the hydropower generation
    5.1.2. Restraints
    5.1.2.1. Fluctuating cost of raw materials of underwater concrete
    5.1.3. Opportunities
    5.1.3.1. Introduction of anti-washout underwater concrete
    5.1.3.2. Emerging production of eco-friendly underwater concrete
    5.1.4. Challenges
    5.1.4.1. Concern regarding improper concrete mix design and inappropriate placement for underwater concrete
    5.2. Market Segmentation Analysis
    5.2.1. Raw Material: Adoption of cement as the binding agent to provide strength and stability
    5.2.2. Laying Technology: Proliferation of bucket placing as cost effective method
    5.2.3. Application: Growing use of underwater concrete in hydropower sector
    5.3. Market Disruption Analysis
    5.4. Porter’s Five Forces Analysis
    5.4.1. Threat of New Entrants
    5.4.2. Threat of Substitutes
    5.4.3. Bargaining Power of Customers
    5.4.4. Bargaining Power of Suppliers
    5.4.5. Industry Rivalry
    5.5. Value Chain & Critical Path Analysis
    5.6. Pricing Analysis
    5.7. Technology Analysis
    5.8. Patent Analysis
    5.9. Trade Analysis
    5.10. Regulatory Framework Analysis
    6. Underwater Concrete Market, by Raw Material
    6.1. Introduction
    6.2. Admixtures
    6.3. Aggregates
    6.4. Cement
    7. Underwater Concrete Market, by Laying Technology
    7.1. Introduction
    7.2. Bucket Placing
    7.3. Pneumatic Valves
    7.4. Pump Method
    7.5. Tilting Pallet Barge
    7.6. Tremie Method
    8. Underwater Concrete Market, by Application
    8.1. Introduction
    8.2. Hydropower
    8.3. Marine
    8.4. Shore Protection
    8.5. Swimming Pools
    8.6. Tunnels
    8.7. Underwater Repairs
    9. Americas Underwater Concrete Market
    9.1. Introduction
    9.2. Argentina
    9.3. Brazil
    9.4. Canada
    9.5. Mexico
    9.6. United States
    10. Asia-Pacific Underwater Concrete Market
    10.1. Introduction
    10.2. Australia
    10.3. China
    10.4. India
    10.5. Indonesia
    10.6. Japan
    10.7. Malaysia
    10.8. Philippines
    10.9. Singapore
    10.10. South Korea
    10.11. Taiwan
    10.12. Thailand
    10.13. Vietnam
    11. Europe, Middle East & Africa Underwater Concrete Market
    11.1. Introduction
    11.2. Denmark
    11.3. Egypt
    11.4. Finland
    11.5. France
    11.6. Germany
    11.7. Israel
    11.8. Italy
    11.9. Netherlands
    11.10. Nigeria
    11.11. Norway
    11.12. Poland
    11.13. Qatar
    11.14. Russia
    11.15. Saudi Arabia
    11.16. South Africa
    11.17. Spain
    11.18. Sweden
    11.19. Switzerland
    11.20. Turkey
    11.21. United Arab Emirates
    11.22. United Kingdom
    12. Competitive Landscape
    12.1. Market Share Analysis, 2023
    12.2. FPNV Positioning Matrix, 2023
    12.3. Competitive Scenario Analysis
    12.3.1. Cinven agrees to acquire MBCC Admixtures
    12.3.2. Ineos Acquired MBCC’s Admixtures Business
    12.3.3. Adani Cement launched all new revolutionary cutting-edge green concrete solution ‘ACC ECOMaxX’
    12.3.4. Saint-Gobain’s Acquisition of GCP Applied Technologies to Close on September 27, 2022
    12.3.5. Adani Group acquired Ambuja and ACC to become India’s second-largest cement maker
    12.3.6. CEMEX invested in COBOD's revolutionary 3D printing tech
    12.3.7. Sika expanded production of concrete admixtures in the USA
    12.3.8. Euclid Launched Three New Admixtures at World of Concrete
    12.3.9. Mapei and Elettrondata announced the strategic partnership agreement for the quality control of transported concrete
    12.3.10. CHRYSO Launched EnviroMix, the First Global Range of Admixture Solutions and Services for Low-Carbon Concrete
    12.4. Strategy Analysis & Recommendation
    13. Competitive Portfolio
    13.1. Key Company Profiles
    13.2. Key Product Portfolio

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