Underwater Concrete Foam Market - Forecast(2024 - 2030)

Report Code: CMR 23304 Report Format: PDF + Excel

Underwater Concrete Foam Market Overview

The Underwater Concrete Foam Market size is estimated to reach US$318 billion by 2027, after growing at a CAGR of 7.8% during the forecast period 2022-2027. Underwater concrete foam is an aerated, cellular lightweight concrete made up of 20% foam and a slurry of cement entrained into the plastic mortar. It is made with raw materials such as cement, aggregates, admixtures and others by using laying techniques, such as pumping technique, tremie method, hydro valve method and others. The rapidly rising building & construction industry for constructing dams, bridges and other underwater structures has been driving the growth of the Underwater Concrete Foam Market. Moreover, the growing water & wastewater treatment sector requires underwater concrete foam owing to its usage in constructing new wastewater treatment facilities or for repairing the old facility, which is anticipated to upsurge the growth of the underwater concrete foam industry in the forecast period. The global economic downturn caused by the COVID-19 pandemic resulted in a huge drop in construction, repair and renovation projects and other underwater structure applications all across the world. This had a significant impact on the growth of the Underwater Concrete Foam Market size.

Underwater Concrete Foam Market Report Coverage

The “Underwater Concrete Foam Market Report – Forecast (2022-2027)” by IndustryARC, covers an in-depth analysis of the following segments in the Underwater Concrete Foam industry.

By Raw Material Type: Cement, Aggregates, Admixtures and Others.
By Laying Technique: Pumping Technique, Tremie Method, Hydro Valve Method and Others.
By Application: Hydro Projects, Marine Constructions, Underwater Repair and Others.
By Geography: North America (the USA, Canada and Mexico), Europe (the UK, Germany, France, Italy, the Netherlands, Spain, Belgium and the Rest of Europe), Asia-pacific (China, Japan, India, South Korea, Australia and New Zealand, Indonesia, Taiwan, Malaysia and the Rest of APAC), South America (Brazil, Argentina, Colombia, Chile and the Rest of South America) and the Rest of the World (the Middle East and Africa).

Key Takeaways

  • The As-pacific region dominates the Underwater Concrete Foam Market owing to the rising growth of the marine industry. According to Invest India, during January 2021, a total of 161 projects in the marine industry at a cost of US$12 billion have been completed and 178 projects at a cost of INR 1,96,578 Crores (US$26,595 million) are under implementation.
  • Rapidly rising demand for Underwater Concrete Foam in the building & construction industry for building dams, bridges and other structures has driven the growth of the Underwater Concrete Foam Market.
  •  The increasing demand for Underwater Concrete Foam in the water & wastewater treatment sector, due to its usage in the construction of a new wastewater treatment facility or for the repairment of the old facility, has been a critical factor driving the growth of the Underwater Concrete Foam Market in the upcoming years.
  • However, the high cost of production of Underwater Concrete Foam can hinder the growth of the Underwater Concrete Foam Market.

Figure: Underwater Concrete Foam Market Revenue Share, by Geography, 2021 (%)

Underwater Concrete Foam Market

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Underwater Concrete Foam Market Segment Analysis – by Laying Technique

The tremie method segment held the largest Underwater Concrete Foam Market share in 2021 and is estimated to grow at a CAGR of 7.9% during the forecast period 2022-2027. Underwater concreting using the tremie method is easy for pouring a large amount of high flowable concrete as compared to other laying technique types such as pumping technique and hydro valve method. The concrete is shifted to the hopper by either belt conveyer, pumping or skips. Tremie concrete utilizes placement by the gravity of the feed from a hopper through a vertical pipe to the underwater floor and the tremie pipe is continuously charged with fresh mix. The general applications of the tremie method are piling works, basements, caissons, diaphragm walls, underwater foundations and other applications. Thus, the exhibited characteristics and various applications of the tremie method make it a preferred choice over the other laying technique types, which is driving its segmental growth.

Underwater Concrete Foam Market Segment Analysis – by Application

The marine constructions segment held a significant Underwater Concrete Foam Market share in 2021 and is projected to grow at a CAGR of 8.2% during the forecast period 2022-2027. Underwater concrete foam provides good water resistance and self-compacting ability that has made it a preferred choice for the marine constructions of various underwater structures, such as for military submarines, building repair, immersed tunnels and other applications. It is made up of raw materials such as cement, aggregates, admixtures and others by using laying techniques, such as pumping technique, tremie method, hydro valve method and others. According to the government of Canada, in 2022, the Minister of Transport announced US$14 million for an export expansion project at the Port of Oshawa. The Hamilton-Oshawa Port Authority is also contributing US$16 million, representing a total investment of almost US$30 million. This investment would be used for building new infrastructure to modernize operations in the port’s main area and enhance its growth. Thus, the rising usage of underwater concrete foam in the growing marine industry for the construction of various underwater structures would drive the Underwater Concrete Foam Market growth in the forecast period.

Underwater Concrete Foam Market Segment Analysis – by Geography

The Asia-pacific region held the largest Underwater Concrete Foam Market share of up to up to 42% in 2021. APAC region is one of the leading underwater concrete foam producers globally, with China and India being the key consumers and suppliers of underwater concrete foam. This is due to the growing marine construction sector. As per Union Budget 2020-2021 in India, the total allocation for the Ministry of Shipping stood at Rs 1,800 crore (US$257.22 million). According to the Ministry of Oceans and Fisheries in South Korea, an ambitious ten-year plan to invest more than US$6 billion into the redevelopment of ports around the country was announced in 2020. The aim is to shift the ports into the cities and generate tourism, culture and commerce to brace the ports and the surroundings. Thus, the marine construction industry is growing due to rising government investments in the sector. Therefore, the demand for underwater concrete foam to construct various underwater structures would also substantially rise. This is proving to be a market booster for the Underwater Concrete Foam Market size in this region.

Underwater Concrete Foam Market Drivers

Growing Building & Construction Industry:

In the building & construction industry, Underwater Concrete Foam is utilized in the construction of dams, bridges and other structures where the foundation lies underwater. According to Invest India, by 2025, the building & construction industry is estimated to reach US$1.4 Trillion. Moreover, according to the government of Canada, in 2022, the Department of Transportation launched the Bridge Replacement, Rehabilitation, Preservation, Protection and Construction Program, which would provide US$26.5 billion to the District of Columbia and Puerto Rico over the duration of five years. This investment is to fix thousands of bridges across the country and is the single largest dedicated bridge investment after the construction of the Interstate highway system. Thus, the growing building & construction industry would require more underwater concrete foam due to its exhibit characteristics, which would drive the growth of the underwater concrete foam industry during the forecast period.

Growing Water and Wastewater Treatment Sector:

Wastewater treatment is essential and utilized globally in different cities. The application of Underwater Concrete Foam, which is made up of raw materials such as cement, aggregates, admixtures and others, in the water and wastewater treatment sector is ideal to construct a new wastewater treatment facility or for the repairment purpose of the old facility. According to International Trade Administration (ITA), in Poland, the forecasts by the Ministry of Climate and Environment estimated that investments might increase to over US$7 million by 2034 for the modernization of municipal water treatment infrastructure in 1,578 agglomerations. Also, existing treatment facilities would undergo upgrades to reduce nitrogen and phosphorus levels in their wastewater by 75%, a goal outlined by the National Plan for Municipal Waste Water Management. Moreover, in 2020, the US Department of Agriculture (USDA) announced that it would be investing US$307 million in 34 states and Puerto Rico to upgrade rural municipal drinking water and wastewater infrastructure. To build a water treatment plant in Great Bend, the Red Rock Rural Water System in southwestern Minnesota would receive a US$905,000 loan and a US$445,000 grant. Thus, with the growing demand for water and wastewater treatment, the demand for Underwater Concrete Foam for the repair and construction of wastewater treatment facilities would drive market growth over the forecast period.

Underwater Concrete Foam Market Challenge

High Cost of Production:

The high cost of Underwater Concrete Foam production than the production cost of concrete without foam is anticipated to hinder the growth of the market. Early breaking down or damaging of underwater structures due to the improper ratio of foam and concrete during the manufacturing of underwater concrete foam is estimated to increase the price. Also, the high price of the laying techniques of underwater concrete foam is another factor that hinders their usage. The market has potential in developing nations such as Indi. However, the high initial production price has become a problem. Thus, the high cost of production of Underwater Concrete Foam is hampering the market growth.

Underwater Concrete Foam Market Industry Outlook

The top 10 companies in the Underwater Concrete Foam Market are:

  1. Italicementi S.p.A.
  2. HeidelbergCement Group
  3. Sika AG
  4. Cemex S.A.B. De C.V.
  5. Rockbond SCP Ltd
  6. M CON Products Inc.
  7. Conmix Ltd
  8. Underground Supply, Inc.
  9. Wieser Concrete Products Inc.
  10. Nautilus Dive-Company GmbH

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1. Underwater Concrete Foam Market - Market Overview
    1.1 Definitions and Scope
2. Underwater Concrete Foam Market - Executive Summary
    2.1 Key Trends by Raw Material Type
    2.2 Key Trends by Laying Technique
    2.3 Key Trends by Application
    2.4 Key Trends by Geography
3. Underwater Concrete Foam Market – Comparative analysis
    3.1 Market Share Analysis - Major Companies
    3.2 Product Benchmarking - Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis - Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Underwater Concrete Foam Market - Startup Companies Scenario Premium
    4,1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Underwater Concrete Foam Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Underwater Concrete Foam Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter's Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Underwater Concrete Foam Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Underwater Concrete Foam Market – by Raw Material Type (Market Size - US$ Million/Billion)
    8.1 Cement
    8.2 Aggregates
    8.3 Admixtures
    8.4 Others
9. Underwater Concrete Foam Market - by Laying Technique (Market Size - US$ Million/Billion)
    9.1 Pumping Technique
    9.2 Tremie Method
    9.3 Hydro Valve Method
    9.4 Others
10. Underwater Concrete Foam Market - by Application (Market Size - US$ Million/Billion)
    10.1 Hydro Projects
    10.2 Marine Constructions
    10.3 Underwater Repair
    10.4 Others
11. Underwater Concrete Foam Market - by Geography (Market Size - US$ Million/Billion)
    11.1 North America
        11.1.1 The USA
        11.1.2 Canada
        11.1.3 Mexico
        11.2 Europe
        11.2.1 The UK
        11.2.2 Germany
        11.2.3 France
        11.2.4 Italy
        11.2.5 The Netherlands
        11.2.6 Spain
        11.2.7 Belgium
        11.2.8 The Rest of Europe
    11.3 Asia-pacific
        11.3.1 China
        11.3.2 Japan
        11.3.3 India
        11.3.4 South Korea
        11.3.5 Australia and New Zealand
        11.3.6 Indonesia
        11.3.7 Taiwan
        11.3.8 Malaysia
        11.3.9 The Rest of APAC
    11.4 South America
        11.4.1 Brazil
        11.4.2 Argentina
        11.4.3 Colombia
        11.4.4 Chile
        11.4.5 The Rest of South America
    11.5 The Rest of the World
        11.5.1 The Middle East
            11.5.1.1 Saudi Arabia
            11.5.1.2 The UAE
            11.5.1.3 Israel
            11.5.1.4 The Rest of the Middle East
        11.5.2 Africa
            11.5.2.1 South Africa
            11.5.2.2 Nigeria
            11.5.2.3 The Rest of Africa
12. Underwater Concrete Foam Market – Entropy
    12.1 New Product Launches
    12.2 M&As, Collaborations, JVs and Partnerships
13. Underwater Concrete Foam Market – Industry/Segment Competition Landscape Premium
    13.1 Company Benchmarking Matrix – Major Companies
    13.2 Market Share at Global Level - Major companies
    13.3 Market Share at Country Level - Major companies
    13.4 Market Share by Key Geography - Major companies
    13.5 Market Share by Key Application - Major companies
    13.6 Market Share by Key Product - Major companies
14. Underwater Concrete Foam Market – Key Company List by Country Premium Premium
15. Underwater Concrete Foam Market Company Analysis - Business Overview, Product Portfolio, Financials and Developments
    15.1 Company 1
    15.2 Company 2
    15.3 Company 3
    15.4 Company 4
    15.5 Company 5
    15.6 Company 6
    15.7 Company 7
    15.8 Company 8
    15.9 Company 9
    15.10 Company 10 and more
* "Financials would be provided to private companies on best-efforts basis."
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