COVID-19 Impact Analysis - Ready-Mix Concrete Market 2020 Analysis by Global Manufacturers – ACC Limited, BuzziUnicem SpA, CEMEX SAB de CV

Global Ready-Mix Concrete Market – Growth, Trends, And Forecast (2020 – 2025)

The report presents an in-depth assessment of the Global Ready-Mix Concrete including enabling technologies, key trends, market drivers, challenges, standardization, regulatory landscape, deployment models, operator case studies, opportunities, future roadmap, value chain, ecosystem player profiles and strategies. The report also presents forecasts for Global Ready-Mix Concrete investments from 2020 till 2025.

The market for ready-mix concrete is expected to expand at a CAGR of more than 6%, during the forecast period. 

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The Global Ready-Mix Concrete market is highly competitive and consists of a number of major players. Companies, like ACC Limited, BuzziUnicem SpA, CEMEX SAB de CV, Colas Group, Dillon Bros Ready Mix Concrete LLC, Godrej & Boyce Mfg. Co. Ltd, HeidelbergCement AG, LafargeHolcim, Livingston's Concrete Service Inc., CRH, R.W. Sidley Inc., U.S. Concrete Inc., UltraTech Cement Ltd, Vicat SA, Vulcan Materials among others.

Market Overview:

Major factors driving the market studied are the development of smart cities, and continuous infrastructure development in emerging. Ease of availability of potential substitutes is expected to hinder the growth of the market studied.

- Rising awareness of ready-mix concrete in developing economies is likely to act as an opportunity in the future.
- Asia-Pacific dominated the market across the globe with the largest consumption from the countries such as China and India.

Latest news and developments:

April 24, 2020: CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX) announced that it has implemented more than 50 new hygiene and safety protocols to minimize the risk of COVID-19 contagion in its cement, ready-mix concrete, and aggregates operations across the world. The company’s operations are in strict adherence to the authorities´ regulations, recognizing the importance of the construction industry in supporting the maintenance and service of essential infrastructure required to face the pandemic and contribute to the economy in the countries where the company is present. At CEMEX, the health and safety of its employees is the company’s number one priority. Its core businesses of cement, ready-mix concrete, and aggregates have, by nature, a low density of employees in the work area, so the risk of transmission is less probable. However, more than 50 new protocols were implemented to reduce the risk of contagion.

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Key Market Trends:

Increasing Demand from Non-Residential Segment

- Non-residential is segmented into infrastructure, commercial, and industrial/ institutional
- Infrastructure development, such as the construction of highways, a makeover of airports, and construction of dams in developing economies, coupled with the growing trend of urbanization, is one of the significant factors propelling market growth for ready-mix concrete.
- An increasing number of big infrastructure projects are propelling the growth of the market studied, owing to its high quality and ease of use. The time constraints in infrastructure development projects across urban areas are creating huge demand for readymade concrete mixes.
- Furthermore, since ages, concrete has been the first choice of contractors for commercial development of buildings and if it is a large-scale concrete structure, the ready-mix is the ultimate choice. Construction units, like office spaces, retail, hotels, and entertainment centers are the growth wagons for the market studied in commercial buildings application.
- Asia-Pacific has been a thriving market for office spaces in recent years. Demand for office spaces in India has been growing rapidly for many years. The country has been receiving significant interest from foreign investors in the commercial sector
- Owing to the aforementioned developments and investments, the use of ready-mix in the industrial/institutional application segment is expected to rise globally, during the forecast period.

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The key insights of the Ready-Mix Concrete Market report:  
The report provides key statistics on the market status of the Ready-Mix Concrete market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
The Ready-Mix Concrete market report presents the company profile, product specifications, capacity, production value, and 2015-2020 market shares for key vendors.
The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
The report estimates 2020-2025 market development trends of Ready-Mix Concrete Market.
Analysis of upstream raw materials, downstream demand and current market dynamics is also carried out
The report makes some important proposals for a new project of Ready-Mix Concrete Industry before evaluating its feasibility.

Finally, Ready-Mix Concrete Market report is the believable source for gaining the market research that will exponentially accelerate your business. The report gives the principle locale, economic situations with the item value, benefit, limit, generation, supply, request and market development rate and figure and so on. Ready-Mix Concrete industry report additionally Present new task SWOT examination, speculation attainability investigation, and venture return investigation.

Reasons to Purchase this report:

– The market estimate (ME) sheet in Excel format

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– 3 months of analyst support

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How we have factored the effect of Covid-19 in our report:

All the reports that we list have been tracking the impact of COVID-19. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

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