Ready-Mix Concrete Market Size to Surpass USD 1,227.2 billion by 2028

The global ready-mix concrete market size was valued at USD 579.2 billion in 2020 and is expected to reach USD 1,227.2 billion by 2028, growing at a CAGR of 9.5% from 2023 to 2028. The growth is driven by increasing construction activities, infrastructural development, and the need for ready-to-use concrete.

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The ready-mix concrete market refers to concrete that is manufactured in a batch plant and delivered to construction sites in a ready-to-use form. The global ready-mix concrete market has witnessed significant growth in recent years due to the increasing demand for construction activities and infrastructure development. This report aims to analyze the trends, drivers, and challenges of the ready-mix concrete market.

Market Drivers:

The growth of the ready-mix concrete market is driven by several factors such as:

• Increasing construction activities: The growth of the construction industry, especially in emerging economies, has increased the demand for ready-mix concrete.

• Infrastructural development: The need for infrastructural development, such as roads, bridges, and buildings, has increased the demand for ready-mix concrete.

• Need for ready-to-use concrete: The need for ready-to-use concrete has driven the growth of the ready-mix concrete market as it saves time and labor costs.

Market Key Players-

• 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 and more

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Market Segmentation:

The ready-mix concrete market is segmented by application, end-use, and region.

• By Application: The market is segmented into residential, commercial, and infrastructure. The infrastructure segment accounted for the largest market share in 2020 due to the increasing demand for roads, bridges, and airports.

• By End-Use: The market is segmented into public works, residential, and commercial. The public works segment accounted for the largest market share in 2020 due to the increasing demand for government-funded infrastructure projects.

• By Region: The market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. Asia Pacific accounted for the largest market share in 2020 due to the increasing demand for construction activities and infrastructure development in countries such as China, India, and Japan.

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Market Challenges:

The ready-mix concrete market faces several challenges such as:

• Environmental concerns: The production of concrete has a high carbon footprint, leading to environmental concerns and regulations.

• Volatility in raw material prices: The prices of raw materials used in concrete production are subject to fluctuations, leading to uncertainty in the market.

• High competition: The market is highly competitive, with many players offering similar products, leading to price competition.

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https://www.globenewswire.com/en/news-release/2023/03/01/2618228/0/en/Polymer-Concrete-Market-is-Encouraged-to-Reach-US-930-1-Million-by-2033-at-a-CAGR-of-7-5-Persistence-Market-Research.html

https://www.prnewswire.co.uk/news-releases/ready-mix-concrete-market-is-expected-to-increase-at-a-cagr-7-through-2029-pmr-895696004.html

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