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Ready-Mix Concrete Market In-Depth Analysis and Forecast on Market Dynamics, Emerging Trends, Growth Factors

08-31-2021 12:29 PM CET | Industry, Real Estate & Construction

Press release from: Transparency Market Research

Ready-Mix Concrete Market

Ready-Mix Concrete Market

Ready-mix Concrete: Introduction

Ready-mix concrete is a type of concrete, which is a mixture of portland cement, water, sand, and coarse aggregates. It is eco-friendly compared to site mix concrete, as mixing is done in closed chambers. This reduces noise and air pollution. Ready-mix concrete is manufactured in a cement factory or within a batching plant based on specification required. This type of concrete is widely in for construction due its high durability and sustainability as compared to normal concrete.

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Key Drivers and Restraints of Global Ready-mix Concrete Market

The ready-mix concrete market has developed significantly in the recent years. This can be primarily ascribed to the high performance and increasing availability of advanced construction materials globally. Rise in number of infrastructure projects, including bridges, roads, dams, and airport expansion works, especially in developing countries, is fueling the demand for ready-mix concrete. Thus, the global ready-mix concrete market is expected to expand significantly in the next few years. High government spending on construction, manufacturing, and power plants; rise in population, and trend of urbanization are also boosting the market.
Various initiatives by governments regarding the development of smart cities are likely to drive the global ready-mix concrete market. Demand for wastage reduction and low inventory costs is leading to a decrease in overall project expenditure.

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Ready-mix Concrete: Type Segment

In terms of type, the global ready-mix concrete market can be segmented into transit mix concrete, central mix concrete, and shrink mix concrete
The transit mix concrete segment is expected to account for significant share of the global ready-mix concrete market during the forecast period. It is anticipated to be followed by the central mix concrete segment.
The shrink mix concrete segment is likely to expand at a rapid pace during the forecast period, due to the expansion of the construction industry around the globe

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COVID-19 Impact on Ready-mix Concrete Market

On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 213 countries and territories around the world.
Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
Manufacture of various consumer goods and other products across the globe has come to a halt due to the unavailability of raw materials, shortage of labor, etc. This is expected to hamper the ready-mix concrete market.

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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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