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In 2022, the ready-mix concrete market size was estimated to be worth USD 459.9 million. The market for ready-mixed concrete is anticipated to increase from USD 487.09 million in 2023 to USD 732.39 million in 2030, with a compound annual growth rate (CAGR) of 7.0% from 2022 to 2030. The primary market factors boosting market growth include the increased demand for rapid construction work in the residential, commercial, industrial, and infrastructure sectors.
Ready-mix Concrete is the name of a building material. It is made up of water, fine aggregates like sand, coarse aggregates, and cement (cement paste), which dries over time. A concrete mix that comprises crushed rocks or coarse gravel, such as granite or limestone, along with finer material, such as sand, is called an aggregate. When creating concrete, different types of cement are utilized, such as Portland cement or hydraulic cement. The market demand is being supported by the increased consumption of goods for quicker and simpler construction processes.
Super plasticizers and pozzolans, among other additives, are added to the combination to enhance the wet mix's or the end product's qualities. To increase tensile strength and produce reinforced concrete, the majority of concrete is often poured in conjunction with reinforcing components like rebar. Concrete is widely used in construction materials and is utilized more frequently than wood, steel, plastics, and aluminum combined on a global scale, which expands the market for RMC.
The use of ready-mixed concrete eliminates the need for labor-intensive on-site mixing, cutting down on both the length of time it takes to complete a project and its cost. This results in a construction process that is quicker and more productive for construction companies and project managers. In infrastructure, commercial, and residential projects, ready-mix concrete can be used. The key elements anticipated to boost the size of the worldwide ready-mix concrete market are the increase in urbanization, the growth of infrastructure, and the use of sustainable building methods. Environmental concerns and fluctuating raw material prices are expected to spur innovation and higher investment in sustainable solutions.
Due to rising need for adaptable building materials and growing attention to sturdy construction, ready-mix concrete has seen an increase in demand in the construction sector. Furthermore, it is anticipated that urbanization and rapid population expansion would have a significant impact on the rise in demand for housing, employment opportunities, energy, food, clean water, transportation infrastructure, and social services. In order to assure the highest standards and consistent quality, construction companies are adopting environmentally friendly, economically viable homes and structures, which can be satisfied by utilizing ready-mix concrete. However, setup is necessary to combine the materials proportionally in ready-mix concrete. In these circumstances, the corporation may be tempted to transfer the mixture due to a lack of setup space close to the construction site. The mixture only lasts for 90 minutes, and if there is a delay caused by traffic, the concrete is likely to settle or lose its workability, which is likely to impede the expansion of the ready-mixed concrete industry. In a similar vein, it is anticipated that economic and job problems in other developing nations, such as Iran, Iraq, and Indonesia, may indirectly impede market expansion. Furthermore, the economic development of emerging nations is hampered by issues including inadequate transportation and logistics infrastructure, low non-tariff trade in products and services, and low foreign direct investment, all of which are predicted to constrain market growth.
One of the main products utilized in the construction sector is ready-mix concrete (RMC). RMC producers have made significant attempts to cut greenhouse gas (GHG) emissions by increasing the percentage of additives such fly ash/slag. This project aims to lower the consumption of regular Portland cement while also increasing the process's energy effectiveness. The adoption of the idea of green construction to combat the aforementioned effects has increased demand for environmentally friendly ready mix concrete.
Green building practices use water and energy resources efficiently, reducing adverse effects while producing benefits for the environment and the climate. As a result, manufacturers began to invest in and research green ready-mix concrete. The planning and design processes for green building include top priorities including energy and water use, environmental quality, and material selection, among many others. Green construction is becoming a very adaptable idea for the construction business due to the steady depletion of non-renewable resources and rising cost.
The market is expanding as a result of the expanding construction industry. The construction of homes and other structures, which would lead to a substantial consumption of concrete, has accelerated as a result of rising earnings in both established and emerging countries. The building industry is undergoing massive, unprecedented change as a result of economic growth, and it is rapidly shifting toward ready-mixed concrete for quick and easy application. China, India, Japan, and other Asian nations are the major market contributors. The concrete industry gains the most from the growing population in these areas because of the rising need for residential construction. By increasing the proportion of additives like fly ash/slag, RMC producers have made major efforts to reduce greenhouse gas (GHG) emissions. This initiative attempts to reduce the consumption of conventional Portland cement while also improving energy efficiency. Demand for ecologically friendly ready-mix concrete has increased as a result of the adoption of the concept of green construction to address the aforementioned effects.
Report Coverage
Global Ready-Mix Concrete research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Ready-Mix Concrete report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Ready-Mix Concrete competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Ready-Mix Concrete market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Ready-Mix Concrete market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Ready-Mix Concrete market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ACC Limited (India), Vicat SA (France), Lafarge (France), Buzzi Unicem S.p.A. (Italy), Barney & Dickenson Inc.(U.S.), R.W. Sidley Inc. (U.S.), CEMEX S.A.B. de C.V.( Mexico), Italcementi Group (Italy), UltraTech Cement Limited, Holcim Ltd.( Switzerland), HeidelbergCement (Germany), Arkema (France), Sika AG (Switzerland), BASF SE (Germany), GCP Applied Technologies Inc., (U.S.), MAPEI S.p.A. (Italy), Kao Corporation (Japan), M&I Materials Limited (U.K), Dupont (U.S.), SOLVAY (Belgium), W. R. Grace & Co.-Conn. (U.S.), Setral Chemie GmbH (Germany), Enaspol a.s (Czech Republic), CAC Admixtures (India), CHRYSO GROUP (France), Ashland Inc (U.S.), Rhein-Chemotechnik GMBH (Germany), CRH plc, Vulcan Materials Company.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Ready-Mix Concrete market based on the below-mentioned segments:
Global Ready-Mix Concrete Market, By Type
Transit Mixed Concrete
Shrink Mixed Concrete
Central Mixed Concrete
Global Ready-Mix Concrete market, By Application
Residential Building
Commercial Building
Industrial
Infrastructure
Global Ready-Mix Concrete Market, By Production
On-Site
Off-Site
Global Ready-Mix Concrete market, Regional Analysis
Ready-mix Concrete is the name of a building material. It is made up of water, fine aggregates like sand, coarse aggregates, and cement (cement paste), which dries over time. A concrete mix that comprises crushed rocks or coarse gravel, such as granite or limestone, along with finer material, such as sand, is called an aggregate. When creating concrete, different types of cement are utilized, such as Portland cement or hydraulic cement. The market demand is being supported by the increased consumption of goods for quicker and simpler construction processes.
Super plasticizers and pozzolans, among other additives, are added to the combination to enhance the wet mix's or the end product's qualities. To increase tensile strength and produce reinforced concrete, the majority of concrete is often poured in conjunction with reinforcing components like rebar. Concrete is widely used in construction materials and is utilized more frequently than wood, steel, plastics, and aluminum combined on a global scale, which expands the market for RMC.
The use of ready-mixed concrete eliminates the need for labor-intensive on-site mixing, cutting down on both the length of time it takes to complete a project and its cost. This results in a construction process that is quicker and more productive for construction companies and project managers. In infrastructure, commercial, and residential projects, ready-mix concrete can be used. The key elements anticipated to boost the size of the worldwide ready-mix concrete market are the increase in urbanization, the growth of infrastructure, and the use of sustainable building methods. Environmental concerns and fluctuating raw material prices are expected to spur innovation and higher investment in sustainable solutions.
Due to rising need for adaptable building materials and growing attention to sturdy construction, ready-mix concrete has seen an increase in demand in the construction sector. Furthermore, it is anticipated that urbanization and rapid population expansion would have a significant impact on the rise in demand for housing, employment opportunities, energy, food, clean water, transportation infrastructure, and social services. In order to assure the highest standards and consistent quality, construction companies are adopting environmentally friendly, economically viable homes and structures, which can be satisfied by utilizing ready-mix concrete. However, setup is necessary to combine the materials proportionally in ready-mix concrete. In these circumstances, the corporation may be tempted to transfer the mixture due to a lack of setup space close to the construction site. The mixture only lasts for 90 minutes, and if there is a delay caused by traffic, the concrete is likely to settle or lose its workability, which is likely to impede the expansion of the ready-mixed concrete industry. In a similar vein, it is anticipated that economic and job problems in other developing nations, such as Iran, Iraq, and Indonesia, may indirectly impede market expansion. Furthermore, the economic development of emerging nations is hampered by issues including inadequate transportation and logistics infrastructure, low non-tariff trade in products and services, and low foreign direct investment, all of which are predicted to constrain market growth.
One of the main products utilized in the construction sector is ready-mix concrete (RMC). RMC producers have made significant attempts to cut greenhouse gas (GHG) emissions by increasing the percentage of additives such fly ash/slag. This project aims to lower the consumption of regular Portland cement while also increasing the process's energy effectiveness. The adoption of the idea of green construction to combat the aforementioned effects has increased demand for environmentally friendly ready mix concrete.
Green building practices use water and energy resources efficiently, reducing adverse effects while producing benefits for the environment and the climate. As a result, manufacturers began to invest in and research green ready-mix concrete. The planning and design processes for green building include top priorities including energy and water use, environmental quality, and material selection, among many others. Green construction is becoming a very adaptable idea for the construction business due to the steady depletion of non-renewable resources and rising cost.
The market is expanding as a result of the expanding construction industry. The construction of homes and other structures, which would lead to a substantial consumption of concrete, has accelerated as a result of rising earnings in both established and emerging countries. The building industry is undergoing massive, unprecedented change as a result of economic growth, and it is rapidly shifting toward ready-mixed concrete for quick and easy application. China, India, Japan, and other Asian nations are the major market contributors. The concrete industry gains the most from the growing population in these areas because of the rising need for residential construction. By increasing the proportion of additives like fly ash/slag, RMC producers have made major efforts to reduce greenhouse gas (GHG) emissions. This initiative attempts to reduce the consumption of conventional Portland cement while also improving energy efficiency. Demand for ecologically friendly ready-mix concrete has increased as a result of the adoption of the concept of green construction to address the aforementioned effects.
Report Coverage
Global Ready-Mix Concrete research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Ready-Mix Concrete report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Ready-Mix Concrete competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Ready-Mix Concrete market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ACC Limited (India), Vicat SA (France), Lafarge (France), Buzzi Unicem S.p.A. (Italy), Barney & Dickenson Inc.(U.S.), R.W. Sidley Inc. (U.S.), CEMEX S.A.B. de C.V.( Mexico), Italcementi Group (Italy), UltraTech Cement Limited, Holcim Ltd.( Switzerland), HeidelbergCement (Germany), Arkema (France), Sika AG (Switzerland), BASF SE (Germany), GCP Applied Technologies Inc., (U.S.), MAPEI S.p.A. (Italy), Kao Corporation (Japan), M&I Materials Limited (U.K), Dupont (U.S.), SOLVAY (Belgium), W. R. Grace & Co.-Conn. (U.S.), Setral Chemie GmbH (Germany), Enaspol a.s (Czech Republic), CAC Admixtures (India), CHRYSO GROUP (France), Ashland Inc (U.S.), Rhein-Chemotechnik GMBH (Germany), CRH plc, Vulcan Materials Company. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Ready-Mix Concrete Market from 2021 to 2030.
- Market Forecast for Ready-Mix Concrete Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Ready-Mix Concrete competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Ready-Mix Concrete
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Ready-Mix Concrete market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Ready-Mix Concrete market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ACC Limited (India), Vicat SA (France), Lafarge (France), Buzzi Unicem S.p.A. (Italy), Barney & Dickenson Inc.(U.S.), R.W. Sidley Inc. (U.S.), CEMEX S.A.B. de C.V.( Mexico), Italcementi Group (Italy), UltraTech Cement Limited, Holcim Ltd.( Switzerland), HeidelbergCement (Germany), Arkema (France), Sika AG (Switzerland), BASF SE (Germany), GCP Applied Technologies Inc., (U.S.), MAPEI S.p.A. (Italy), Kao Corporation (Japan), M&I Materials Limited (U.K), Dupont (U.S.), SOLVAY (Belgium), W. R. Grace & Co.-Conn. (U.S.), Setral Chemie GmbH (Germany), Enaspol a.s (Czech Republic), CAC Admixtures (India), CHRYSO GROUP (France), Ashland Inc (U.S.), Rhein-Chemotechnik GMBH (Germany), CRH plc, Vulcan Materials Company.
Primary Target Market
- Market Players of Ready-Mix Concrete
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Ready-Mix Concrete market based on the below-mentioned segments:
Global Ready-Mix Concrete Market, By Type
Transit Mixed Concrete
Shrink Mixed Concrete
Central Mixed Concrete
Global Ready-Mix Concrete market, By Application
Residential Building
Commercial Building
Industrial
Infrastructure
Global Ready-Mix Concrete Market, By Production
On-Site
Off-Site
Global Ready-Mix Concrete market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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