USD 95.6 Billion
Underwater Concrete Foam Market Size, Share, Growth Analysis, By Raw Materials(Admixtures, Aggregates), By Application(Marine, Hydro Projects) - Industry Forecast 2024-2031
Report ID:
SQMIG15A2422 |
Region:
Global |
Published Date: April, 2024
Pages:
181
|
Tables:
66 |
Figures:
74
Underwater Concrete Foam Market Insights
Global Underwater Concrete Foam Market size was valued at USD 95.6 Billion in 2022 and is poised to grow from USD 103.15 Billion in 2023 to USD 175.64 Billion by 2031, growing at a CAGR of 7.9% in the forecast period (2024-2031).
Increasing demand for infrastructure in developing countries has boosted the market demand for underwater concrete. Furthermore, rapid urbanization and a rise in the disposable income of the middle class will lead to an absolute increase in the demand for industrial and residential construction, and higher human demand and desire to build are expected this positive will boost the global underwater concrete foam market during the forecast period. Manufacturers invest in R&D to develop underwater concrete products with improved performance properties such as improved strength, better workability and increased corrosion resistance. If other methods such as underwater pumps, pre-placed concrete, and underwater treatment methods are used, these improvements being made to improve them are sufficiently sustainable. Allow the construction of underwater structures with a long life and necessary maintenance that occurs floor, to generate global underwater concrete foam market revenue.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Underwater Repairs
Fastest Growth
Swimming Pools
Growth Rate
7.9% CAGR
Global Underwater Concrete Foam Market ($ Bn)
Country Share for North America Region (%)
Global Underwater Concrete Foam Market By Application ($ Bn)
Global Underwater Concrete Foam Market By Application (%)
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Underwater Concrete Foam Market Segmental Analysis
Based on raw materials, the underwater concrete market segmentation includes admixtures, aggregates, and cement. Based on application, the underwater concrete market segmentation includes marine, hydro projects, tunnels, underwater repairs, swimming pools, and others. By Region, the report provides market insights into Europe, North America, Asia-Pacific, and the Rest of the World.
Analysis by Application
Underwater repairs are the dominating segment in the market. Maintenance and repair of underwater structures such as marine structures, offshore structures, pipelines and underwater foundations is an important driver of the demand for underwater concrete. These structures are in harsh marine environments as salt water, waves, erosion and corrosion at any time. To extend their service life and ensure safe and reliable operation Increasing attention on asset management and protection of underwater structures is driving demand underwater concrete for the rehabilitation and rehabilitation of existing structures. Furthermore, increasing investments in the construction and maintenance of underwater structures, especially in the offshore oil and gas, renewable energy and maritime transport sectors, are driving the demand for underwater concrete repairs the underwater has grown.
Swimming pools are the fastest growing segment in the market. Compared to conventional concrete, foam concrete is lighter in weight. For swimming pool construction where weight considerations may be necessary, the use of underwater concrete foam can be advantageous. It helps reduce the overall weight of the pool house, making it a viable option for new buildings and renovations. Foamed concrete is known for its high flowability, allowing for tight shapes and open spaces to be filled with ease. This characteristic is useful in creating or repairing curved faces in swimming pools, and in solid structures in underwater structures.
Analysis by Raw Material
The cement segment dominated the market, accounting for 41% of the market revenue (39.2 billion). When mixed with water and other materials, cement hardens and forms a binder. Cement is widely used in concrete production. Concrete is composed of aggregates (gravel, sand, other metals), cement and water. As the concrete dries, it bonds the aggregate into a dense, dense mass. Cement production begins by removing limestone, which is then crushed and ground into a fine powder. Environmental regulations and increasing emphasis on sustainable construction practices are driving demand for cement products that meet stringent environmental standards.
The aggregated segment is expected to grow at the fastest CAGR in the underwater concrete industry in the coming years. The availability and quality of aggregates such as sand, gravel and crushed stone are crucial for underwater concrete production. Aggregate is the main component of concrete, providing the material with strength, durability, and other mechanical properties. Consequently, the availability of high-quality admixtures in different parts of the world is crucial for submarine concrete production. In addition, advances in aggregate processing techniques such as crushing, screening and washing are improving aggregate quality, gradation and size, thereby improving the performance and durability of submerged concrete.
Global Underwater Concrete Foam Market By Application (%), 2022 (%)
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Underwater Concrete Foam Market Regional Insights
The North America region is dominating the market. Many of the region's existing marine infrastructure, including ports and harbors, require continuity maintenance, repair and rehabilitation to ensure safe and efficient working. Extensively used subsea concrete for these purposes. Additionally, the development of advanced materials and filings for high water levels in the United States and, incorporated in insertions of inter-America and incorporated in structural projects, as incurable wind areas. The largest market segment in the intertidal zone was holding, and the global underwater concrete market was the fastest growing market in the North American region.
Asia-Pacific region reached USD 43.78 billion by 2022 and is likely to exhibit significant CAGR growth during the study period new ports to support expansion trade and financial services due to rapid economic expansion and urbanization in the countries like China, India and Southeast. Therefore, Asia increased demand for ports, coastal structures, bridges and coastal defense projects. This has increased the demand for underwater concrete as a reliable construction material so durability that can withstand hostile underwater elements and provide long-term performance Encouraging government policies have also supported the growth of the Asia Pacific underwater concrete market.
Global Spoolable Pipes Market By Geography, 2024-2031
- Largest
- Fastest
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Underwater Concrete Foam Market Dynamics
Drivers
Increased Demand for Commercial and Non-commercial Underwater Concrete
- The demand for underwater concrete is primarily driven by increased demand for commercial and non-commercial construction. Shotcrete is the perfect solution for installing a concrete swimming pool. Due to the flexibility of this concrete material, concrete swimming pool structures can be constructed in almost all sizes and shapes. Growing demand for underwater concrete in both commercial and non-commercial sectors is expected to drive the market growth.
Increase in Offshore Infrastructure
- One of the major drivers of the global underwater concrete foam industry is the increasing use of marine resources. With increased demand in oil and gas exploration, renewable energy projects and offshore projects, there is a need for lightweight and durable building materials that can withstand the marine environment meeting the hard edge is increasing Underwater concrete foam offers advantages such as reduced weight, improved drainage and increased corrosion resistance It is the preferred choice for a variety of offshore construction applications Rising marine industry development activities are driving the demand for underwater concrete foam across the globe.
Restraints
Complex Implementation Methods
- One of the most important limitations in the worldwide Underwater Concrete Foam industry is the complexity associated with the application methods. Submerging concrete foam requires specialized equipment, such as air pumps or tremipipes, as well as specialized equipment and expertise to ensure proper positioning by experienced divers or remotely operated vehicles (ROVs) and reinforcement increases the cost of all downstream construction projects and their complexity.
Environmental Affairs and Compliance
- One of the major restraints faced by the global underwater concrete foam market is the growing environmental protection concerns and stringent regulations must be adhered to the manufacture and use of underwater concrete foam can deliver use of chemicals, additives or materials which if not handled properly may have adverse effects on the environment e.g., e.g. Some foaming agents or additives used in concrete foam may contain harmful substances that can leach into aquatic ecosystems, threatening marine life and water quality.
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Underwater Concrete Foam Market Competitive Landscape
The competitive environment of the Global Underwater Concrete Foam Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. The Underwater Concrete Foam report also includes competitive analysis which can be used to differentiate between various products; manufacturing technology; Valuable resources; innovation in R&D; organic inorganic growth techniques; financial analysis to forecast revenue and other key economic factors; new partnerships, joint ventures, collaborations and acquisitions; market share of top competitors in the market; and understand the growth strategies that these key players are pursuing to analyze future market trends.
Top Player’s Company Profiles
- Cemex S.A.B. De C.V.
- Clariant AG
- Conmix Ltd.
- DuPont de Nemours, Inc.
- Dyckerhoff Basal Nederland B.V.
- Eastman Chemical Company
- Evonik Industries AG
- Five Star Products Inc.
- HeidelbergCement
- Kingstone Chemical China Co., Ltd.
- Lanxess AG
- Larsen Building Products
- LyondellBasell Industries Holdings B.V.
- M-Con Products Inc.
- Rockbond SCP Ltd
- Sika AG
- The Dow Chemical Company
- Underground Supply, Inc.
- Wieser Concrete Products Inc.
Recent Developments
- February 2021: Heidelberg Cement, a leader in building materials, announces the launch of ENERMAR, its unique underwater concrete solution. This innovation is specifically designed for the underwater construction industry, with the aim of reducing carbon emissions and increasing the sustainability of underwater concrete.
- June 2020: Sika AG, a Swiss specialty chemical compounds commercial enterprise, launched a new underwater concrete admixture referred to as Sika ViscoCrete-2100 AD. This additive is designed to growth the workability, pump capacity, and overall performance of underwater concrete, making it less complicated to place and end in hard underwater situations.
- September 2019: HeidelbergCement Group bought Giant Cement's Keystone Cement facility, a subsidiary of Elementia S.A.B., boosting its position in North America.
Underwater Concrete Foam Key Market Trends
- Growing Demand for Sustainable and Environmentally Friendly Solutions
Concrete is the most common building material. Underwater concrete is a type of concrete used in building solid structures containing water. Examples include waterworks, dams, bridges, piers, platforms, swimming pools, and other structures. It has amazing waterproof properties and strength. Underwater concrete technology has improved, making it suitable for applications where conventional concrete is not as effective. The expansion of marine construction projects, such as port systems, multi-dock facilities, wind turbines, oil refineries, submarine pipelines, bridges, and other marine infrastructure will contribute to the success of the industry in terms of improved operational efficiency and possibly government spending on port capacity development will boost the industry. For example, given that 90% of India’s economic activity is carried out by sea, there is a constant need to expand ports and related infrastructure. Furthermore, increasing demand from end-use industries such as oil, gas and electricity is likely to drive the market CAGR.
Underwater Concrete Foam Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The upward push in demand for underwater concrete for the preservation and maintenance of current structures is projected to create rewarding possibilities for the market increase. The desire for common repairs and maintenance because of the damaging consequences of the surroundings growing primarily accounts for a big component of worldwide demand. The call for underwater repairs and maintenance is expected to be generally pushed via the existence of old infrastructure in developed countries. The global underwater concrete foam industry is seeing an increasing demand for environmentally friendly and sustainable solutions. With increasing environmental concerns and restrictions, there is increasing emphasis on the use of low-impact concrete subsurfaces. Manufacturers focus on combining concrete with a low carbon footprint, energy consumption and improved durability to meet the demand for sustainable solutions This trend forces innovations such as geopolymers and self-reinforcing concrete, which promote environmental performance and sustainability.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 95.6 Billion |
| Market size value in 2031 | USD 175.64 Billion |
| Growth Rate | 7.9% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Underwater Concrete Foam Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Underwater Concrete Foam Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Underwater Concrete Foam Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Underwater Concrete Foam Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Underwater Concrete Foam Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Underwater Concrete Foam Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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