Ready-Mix Concrete Market is Projected to Reach USD 1,351. 34 Billion by 2030: Cognitive Market Research

Market Overview:
Ready-mix concrete (RMC) is a type of concrete that is manufactured in a batch plant according to a set recipe and then delivered to a construction site in a ready-to-use form. A mixture of cement, aggregates like sand and gravel, water, and occasionally extra components like fly ash, admixtures, or fibers are included in the formula for RMC, depending on the particular needs of the project. After the RMC has been mixed in the batch facility, it is delivered to the building site using trucks that have rotating drums that keep the concrete stirred until it is needed. The RMC is unloaded from the truck at the construction site and placed into forms or directly onto the surface to be built, where it can be finished to the appropriate texture and look.

Summary:
As per the study of CMR, the Global Ready-Mix Concrete Market was valued at USD 741.21 Billion in 2022 and will reach USD 1,351. 34 Billion by 2030 and is expected to grow at a CAGR of 7.8% during the forecast period (2023-2030).

To know more about The Ready-Mix Concrete Market statistics click here: https://www.cognitivemarketresearch.com/ready-mix-concrete-market-report

Market Dynamics:
What are the driving factors for the global ready-mix concrete market?
The main drivers of the global ready-mix concrete market are the expanding construction sector, the rising need for quick construction, and investments by different countries governments in the construction sector. According to, India Brand Equity Foundation, the government of India allocated Rs. 134,015 crores (US$ 17.24 billion) to the National Highways Authority of India (NHAI). In addition, it announced Rs. 76,549 crores (US$ 9.85 billion) to the Ministry of Housing and Urban Affairs.
Furthermore, it is anticipated that rapid population growth will have a significant impact on the rise in demand for housing, employment, food, other infrastructure, and social services, which will create significant opportunities for the market during the forecast period. The market's expansion, however, may be hampered by changes in the price of raw materials.

Ready-Mix Concrete Market Segmentation:
Type
• Shrink Mixed Concrete
• Hybrid Riser
• Transit Mixed Concrete
• Central Mixed Concrete
• Others

Application
• Commercial
• Non-residential
• Residential
• Industrial
• Others
The commercial segment is the largest contributor to the global ready-mix concrete market. This is a result of the expansion of private sector businesses like malls and restaurants as well as the global urbanization trend. Furthermore, the residential sector has the second-largest market share due to the rising demand for housing as a result of population growth in several nations, including China, India, and others.

Competitive Analysis of the Ready-Mix Concrete Market: Cemex , Holcim , Sika Corporation , Saint Gobain , Henkel , HeidelbergCement , Lafarge , CRH PLC , Buzzi Unicem , Italcementi , Cimpor , Votorantim , US Concrete

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Ready-Mix Concrete Market Regional Analysis:
Geographically, the APAC region is the dominating market for the global ready-mix concrete market, owing to the presence of major producer countries like China, & India. In addition, factors such as increasing government investments in developing infrastructure, growing industrialization, changing lifestyles, and growing spending capacity, and others are propelling the growth of the market in this region.
On the other hand, North America is estimated as the second largest market for the ready-mix concrete market. Due to the significant potential in the residential construction sector, it is projected that ready-mix concrete consumption would increase in the United States. The main drivers of the expansion of the residential building industry are anticipated to be rising demand for single-family homes supported by rising household construction due to population growth, robust economic growth, and low mortgage rates.

Ready-Mix Concrete Market News
UltraTech Cement announced that it would acquire India Cements' Pawai limestone mine (October 2022)
UltraTech Cement and India Cements are poised to conclude a deal for the acquisition of the latter's 185ha Pawai limestone mine in Panna, Madhya Pradesh, by Mumbai-based UltraTech Cement. Marketline News has reported that the Aditya Birla subsidiary expects to pay US$98m for the asset.

Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Ready Mix Concrete Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Ready Mix Concrete Market Segmentation
1.5.1 Ready Mix Concrete Market Regional Fragmentation
1.5.1 Ready Mix Concrete Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Ready Mix Concrete Market
• 3.1 Global Ready Mix Concrete Market Size 2018 - 2030, (USD Million)
• 3.2 Global Ready Mix Concrete Value, Absolute & Opportunity Analysis
• 3.3 Global Ready Mix Concrete Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Ready Mix Concrete Market Statistics 2022: Snapshot
Chapter 4 Global Ready Mix Concrete Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Ready Mix Concrete Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Ready Mix Concrete Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Ready Mix Concrete Market Regional Analysis
Chapter 12 North America Ready Mix Concrete Market Outlook (2018 - 2030)
Chapter 13 Europe Ready Mix Concrete Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Ready Mix Concrete Market Outlook (2018 - 2030)
Chapter 15 Latin America Ready Mix Concrete Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Ready Mix Concrete Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Ready-Mix Concrete Market TOC click here: https://www.cognitivemarketresearch.com/ready-mix-concrete-market-report#table_of_contents

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