Ready-mix Concrete Market Latest Trend, Size, 2020 Trending Shares, Upcoming Advancement, Growth Status, Regional Analysis, And Industry Forecast To 2023

Increased construction activities worldwide fuelling the demand for ready-mix concrete. The ready-mix concrete (RMC) concrete is tremendous construction application. According to the study conducted by Market Research Future (MRFR) reveals that the global ready-mix concrete (RMC) market is set to demonstrate a healthy growth in the forthcoming years.

Ready-mix concrete is a mixture of water, sand, cement, and aggregates. It is used in the construction sector owing to its benefits such as sturdy, long-lasting, and strong. In the observation offered by Market Research Future (MRFR), the global ready-mix concrete market is poised to scale 8.02% CAGR over the forecast period 2017 to 2023. This type of concrete is very useful for applications ranging from the intermittent placing of concrete to large applications that have limited space for aggregate stockpiles mixing plant.

RMC is an advanced construction component, which is witnessing a fast adoption owing to the convenience of application. RMC can be delivered through a transit mixer enabling high precision in construction projects. They work exceptionally well in situations when intermittent placing concrete or small quantities of concrete in required. Meanwhile, the its can easily cope with larger volume of application irrespective of the pace available for aggregate stockpile and mixing plant.

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Increased focus on improving public infrastructure, development of airports, hospitals, institutions, etc. has collectively influenced the demand for ready-mix concrete. Over the years, government spending on construction of new infrastructure has increased notable mainly owing to rising population is increased urban influx.

In terms of sales, RMC is performing traditional concrete owing to the high level of convenience of use, feasibility and quality. It is a perfect match for modern construction requirements. Other advantages such as low inventory costs, efficient utilization and wastage reduction make RMC a sought-after component. Construction companies must deal with various challenges of modern construction, which prompts them to choose the best option. RMC offers several technical benefits such as low cracking tendencies, reduced shrinkage and volume change.

Construction companies are seeking options that allow them to reduce overall cost and tackle wastage related to bulk handling. Increased focus on consistency in quality is also influencing the demand for RMC. Nevertheless, there are certain innate flaws in RMC such as limited timespan between mixing and going-off. Moreover, RMC is known to have health impacts if exposed to for long duration. Occupational safety is a major factor that undermined the market potential of RMC.

Global Ready-Mix Concrete Market: Segmental Analysis

The segmental analysis of the market has been conducted based on production and application. On the basis of production, the market has been segmented into off-site and on-site. On the basis of application, the market has been segmented into industrial utilities, infrastructure, residential and commercial.

Regional Analysis:

The regional assessment of the global ready-mix concrete market has been covered in this report for the following segments - Europe, Asia Pacific, North America, and the Rest of the World (RoW). These segments are then analyzed on the basis of countries present. Asia Pacific is dominating the global RMC market currently. Increasing number of infrastructural development projects in countries such as India is poised to drive the growth of the market in the region. Also, the rising population of the region has led to a demands for increasing residential spaces. This demand is backed by the growing rising per capita income and is poised to support the expansion of the ready-mix concrete market in the foreseeable future. North America also holds a pivotal position in the global demand for commercial ready-mix concrete. It is backed by the investments being made in the revamp of the construction industry. Also, the increasing investments in the establishment of commercial spaces are anticipated to boost revenue generation in the regional ready-mix concrete market.

Competitive Dashboard:

ACC Limited (India), Lafarge (France), Vicat SA (France), Buzzi Unicem S.p.A. (Italy), R.W. Sidley, Inc. (U.S.), Barney & Dickenson, Inc.(U.S.), Holcim Ltd.(Switzerland), CEMEX S.A.B. de C.V.(Mexico), UltraTech Cement Limited (India), Italcementi Group (Italy), and Heidelberg Cement (Germany) are some of the major players of the global ready-mix concrete market.

Industry News:

In December 2019, Ramco Cements Limited, a business group based in Chennai, India, has announced the launch of Ramco Supercrete, high strength and environment friendly cement for crack-free concrete.

In December 2019, SRM Concrete, a Tennessee-based company, has announced the acquisition of our Augusta-Aiken area concrete plants from Grupo Argos S.A., the Colombian construction conglomerate.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

2 SCOPE OF THE REPORT

2.1 MARKET DEFINITION

2.2 SCOPE OF THE STUDY

2.2.1 DEFINITION

2.2.2 RESEARCH OBJECTIVE

2.2.3 ASSUMPTIONS

2.2.4 LIMITATIONS

2.3 RESEARCH PROCESS

2.3.1 PRIMARY RESEARCH

2.3.2 SECONDARY RESEARCH

2.4 MARKET SIZE ESTIMATION

2.5 FORECAST MODEL

3 MARKET LANDSCAPE

3.1 PORTER'S FIVE FORCES ANALYSIS

3.1.1 THREAT OF NEW ENTRANTS

3.1.2 BARGAINING POWER OF BUYERS

3.1.3 THREAT OF SUBSTITUTES

3.1.4 SEGMENT RIVALRY

3.1.5 BARGAINING POWER OF BUYERS

3.2 VALUE CHAIN/SUPPLY CHAIN ANALYSIS

4 MARKET DYNAMICS

4.1 INTRODUCTION

4.2 MARKET DRIVERS

4.3 MARKET RESTRAINTS

4.4 MARKET OPPORTUNITIES

4.5 MARKET TRENDS

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This release was published on openPR.