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Increasing Marine Infrastructure Investments Drive The Growth Of The Market Due To A Boost Of Waterway Usage Emerges as a Core Driver of the Underwater Concrete Market in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Underwater Concrete Market Through 2025?
The underwater concrete market has seen significant enlargement in the past few years. From a size of $175.19 billion in 2024, it's expected to increase to $187.38 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%. The historical growth in this market sector has been driven by factors such as growing marine infrastructure, enhanced coastal protection activities, increased urbanization in cities near the coast, elevated usage of offshore oil and gas platforms, and a rise in investment in hydropower projects.
What's the Projected Size of the Global Underwater Concrete Market by 2029?
The market for underwater concrete is anticipated to witness robust growth in the forthcoming years, expanding to a value of $242.84 billion by 2029, with a CAGR of 6.7%. This predicted expansion during the forecasted timeframe is due to factors such as increased emphasis on climate-resilient infrastructure, escalating demand for offshore wind energy ventures, rising sea levels prompting proactive construction measures, growing need for underwater pipelines and cables, and an increase in underwater mining and exploratory activities. Key trends for the projected period consist of advancements in technology for anti-washout admixtures, development of hybrid mix designs suited to deep water pressure, the incorporation of fiber reinforcement into underwater mixes, the integration of remote inspection tools, the development of superplasticizers for reduced water-cement ratios, and innovative biologically-inspired concrete ideal for marine life.
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Top Growth Drivers in the Underwater Concrete Industry: What's Accelerating the Market?
The growth of the underwater concrete market looks set to be driven by the surge in marine infrastructure investments. This refers to the channelling of funds into the development and upkeep of facilities such as ports, harbours, and offshore installations. As global commerce continues to expand, there is rising demand for effective maritime transportation, spawning an increase in marine infrastructure investments. To support this infrastructure, underwater concrete, known for its durability and water resistance, provides the foundation for constructing structures beneath the waterline. Citing a specific example, in October 2024, the Maritime Administration (MARAD) in the US, stated that in 2022, an initial $25 million had been given to the Marine Highway Program (MHP) under the auspices of the Bipartisan Infrastructure Law. This sum was later bumped up to $39.8 million by the Department of Transportation (DOT) to enhance the usage of marine highways and facilitate their seamless integration into the country's transportation network. Consequently, it is apparent that the rise in marine infrastructure investments is fuelling the expansion of the underwater concrete market.
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What Trends Will Shape the Underwater Concrete Market Through 2029 and Beyond?
Leading firms in the underwater concrete industry are concentrating their efforts on creating novel solutions like low-carbon cement and concretes to lessen environmental harm and promote sustainability in marine construction. These low-carbon variations are conceived to discharge significantly lower levels of CO2 during construction by utilizing alternative binders, recycled substances, or energy-saving techniques. For instance, in February 2024, Cementos Molins, S.A of Spain introduced DRAGON BM-PL (CEM II/B-M (P-L) 42.5R) and DRAGON IV-SR (CEM IV/A (P) 42.5 R-SR), which are cement and concretes with reduced carbon emission. These inventive, low carbon-impact cements, DRAGON BM-PL for general concrete and mortar manufacturing, and DRAGON IV-SR for underwater structures and sulfate-abundant soils, employ over 55% alternative fuels and additives to minimize CO2 emissions, complying with circular economy norms. These products will contribute to over 41% of the company's Portland cement production in Spain. The company's concrete wing, Promsa, uses this cement to make concrete with emissions lowered by up to 25% and integrates recycled aggregates. Cementos Molins is targeting carbon-neutral concrete by 2050, underscoring eco-friendly building and green certifications, while urging extensive social cooperation for carbon neutrality.
What Are the Main Segments in the Underwater Concrete Market?
The underwater concrete market covered in this report is segmented -
1) By Type: Aggregates, Admixtures, Cement, Other Types
2) By Product Type: Fly Ash Based, Slag Based, Geopolymer, Other Product Types
3) By Laying Technique: Tremie Method, Bucket Placing, Pump Method, Other Laying Techniques
4) By Application: Hydropower, Tunnels, Marine, Shore Protection, Swimming Pools, Underwater Repairs
Subsegments:
1) By Aggregates: Sand, Gravel, Crushed Stone, Slag
2) By Admixtures: Water-Reducing Admixtures, Retarding Admixtures, Anti-Washout Admixtures, Air-Entraining Admixtures
3) By Cement: Portland Cement, High Alumina Cement, Blast Furnace Cement, Rapid Hardening Cement
4) By Other Types: Silica Fume Concrete, Polymer Concrete, Lightweight Concrete, High-Performance Concrete
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Which Top Companies are Driving Growth in the Underwater Concrete Market?
Major Companies operating in the underwater concrete market are Heidelberg Materials AG, Cemex S.A.B. de C.V., Sika AG, Buzzi S.p.A., Tarmac Trading Limited, GCP Applied Technologies Inc., Fosroc International Ltd, Unibeton Ready Mix L.L.C., J.F. Brennan Company Inc, Normet Group Oy, The Euclid Chemical Company, Conmix Ltd., CHRYSO SAS, Don Construction Products Ltd, CICO Technologies Ltd, Wieser Concrete Products Inc, Xypex Chemical Corporation, MUHU Construction Materials Co. Ltd., Mapei S.p.A., Rockbond SCP Ltd
Which Regions Will Dominate the Underwater Concrete Market Through 2029?
North America was the largest region in the underwater concrete market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the underwater concrete market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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