The underwater concrete market size is estimated to be USD 135.7 billion in 2023, and it is projected to reach USD 175.8 billion by 2028 at a CAGR of 5.3%. Underwater concrete refers to a type of concrete that is specifically designed and formulated to be placed and hardened underwater. It is used in various construction and engineering projects where the concrete needs to be poured and set in an aquatic environment, such as underwater foundations, dams, tunnels, marine structures, and offshore platforms.
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The market is segmented on the basis of several raw materials which are used to make underwater concrete, such as concrete (cement, and admixtures), and precast concrete. Underwater concrete is used in several applications such as dams & reservoirs, marine constructions (i.e., ports & harbors, bridge piers, others), underwater repairs, offshore wind power generation, tunnels, and others. In addition to this, the underwater concrete market is also segmented on the basis of laying techniques such as tremie method, bucket placing, pump method, and others. Some of the leading companies involved in the manufacturing of underwater concrete are Cemex, S.A.B. de C.V. (Mexico), Heidelberg Materials (Germany), Sika AG (Switzerland), Conmix (UAE), and RPM International Inc.(US), and others are covered in the underwater concrete market. Various growth strategies such as acquisitions, product launches, expansion, partnerships, mergers, etc. have been adopted by these players to strengthen their position in the underwater concrete market.
Cemex, S.A.B. de C.V. (Mexico) is primarily engaged in the production & distribution of clinker, ready-mix concrete, cement, aggregates, and other materials used in the construction industry. Apart from this, the company is also engaged in providing construction-related services to its customers and maintains business relationships in more than 50 countries across the globe.
Heidelberg Materials (Germany) is a German production firm, engaged in the manufacturing and sale of ready-mixed concrete, cement, aggregates, , and asphalt. The company operates through several geographical segments, which includes Asia-Pacific, Western and Southern Europe, North America, Northern and Eastern Europe-Central Asia, Africa-Eastern Mediterranean Basin, and Others.
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Sika AG (Switzerland) is a specialty chemical company that develops products for sealing, reinforcing, bonding, damping, and protecting applications in the automotive and construction industries. It offers solutions for concrete, waterproofing, cement additives, rigid bonding, joint sealing, and tunneling and mining. This company has subsidiaries in a total of 101 countries around the globe and has approximately 300 manufacturing units. The reportable segments of the corporation focus on the Americas, Asia Pacific, EMEA, and global businesses. The EMEA segment produces the majority of its revenue.
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