Ready-Mix Concrete Market to Cross US$ 936.2 Bn Revenues by the End of 2029

Ready-Mix Concrete Market 2022

Globally, the ready-mix concrete market was valued at US$ 59.8 Bn at the end of 2020 and Ready-Mix Concrete Market to Reach a Revenue of Around US$ 936.2 Bn by the End of 2029 at a CAGR of 7.1% to given forecast period. East Asia is expected to account for a lion's share in the global ready-mix concrete market throughout the forecast years, owing to the rising demand from China.

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Persistence Market Research delivers key insights on the global ready-mix concrete market, in its report titled, 'Ready-Mix Concrete Market: Global Industry Analysis 2014-2018 and Forecast 2019-2029'. Over the coming years, the global ready-mix concrete market is expected to show a positive outlook, owing to the rising demand from infrastructure as well as residential projects across various geographies.

On the basis of concrete type, the standard concrete segment is expected to account for a prominent share throughout the forecast years, supported by its usage in various applications in sectors such as residential, commercial, infrastructure, etc.

Key Companies-

• CEMEX S.A.B. de C.V.
• HeidelbergCement AG
• LafargeHolcim Ltd.
• CRH plc
• Martin Marietta Inc.
• Vulcan Materials Company
• Vicat S.A.
• Votorantim Cimentos
• Dillon Bros Concrete LLC
• RDC Concrete (India) Pvt. Ltd.
• UltraTech Cement Ltd.
• ACC Limited
• Prism Johnson Limited
• Nuvoco Vistas Corp Ltd.
• Skyway RMC Plants Private Limited
• CONCRETE INDIA
• RayMix Concrete India Pvt Ltd.

Global Ready-Mix Concrete Market: Dynamics

The construction materials market, primarily ready-mix concrete, has witnessed substantial incremental growth over the recent years. This can be primarily attributed to the economic conditions in numerous countries. The construction industry across emerging economies is anticipated to witness acceleration in various large-scale infrastructural programs, which, in turn, is expected to create public-private partnership opportunities. Thus, increasing governmental spending as well as favorable economic conditions are expected to assist the global ready-mix concrete market over the coming years

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However, the global ready-mix concrete market faces various challenges such as the on-time delivery of ready-mix concrete at construction sites. The uninterrupted and timely delivery of ready-mix concrete at construction sites is of utmost importance for effective construction operations. Due to the small time window available for the transportation of concrete material, delivering this material in the shortest time is imperative.

The utilization of environmental-friendly (green) products for the manufacturing of ready-mix concrete is found to be one of the key trends in the global ready-mix concrete market. For instance, RMCMA, jointly with the Confederation of Indian Industry and Quality Council of India, developed a green product certification for ready-mix concrete.

Global Ready-Mix Concrete Market: Forecast

Among the different concrete types, the flowable fill/CLSM segment accounted for a very small share in the market at the end of 2018. However, its demand is expected to witness prominent growth in the global ready-mix concrete market over the forecast years. The flowable fill/CLSM concrete type is comparatively an economic alternative to compacted granular fill, which saves labor costs, time, as well as equipment.

Considering the regions, developing economies such as India and China are expected to witness substantial growth throughout the forecast years, supported by various governmental initiatives towards development, such as the Bharat Mala Pariyojna, Sagarmala Project, Shanghai urban rail transit expansion, intercity rail network in Eastern Guangdong, etc. The ready-mix concrete market in North America is expected to witness a below-average growth rate over the forecast years.

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Key Questions Answered in the Report
• How has the ready-mix concrete market evolved in the past 4 years?
• How is the ready-mix concrete market expected to take shape in terms of value and volume over the next decade?
• What are the key trends and competition developments identified in the global ready-mix concrete market?
• What are the market dynamics in the global ready-mix concrete market?
• What are the key challenges for ready-mix concrete producers?
• What is the market share of the top players in the global ready-mix concrete market?
• Who are the regional and local players involved in the production of ready-mix concrete?
• By region, what is the market presence of prominent companies in the ready-mix concrete market?

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