Ready-Mix Concrete Market Evolving Industry Trends and key Insights by 2030

Ready-mix concrete (RMC) is a mixture of water, additives, aggregates, and cement in a fixed proportion. Each of these ingredients is blended in proportions according to the standard code to achieve the desired durability and strength. Ready-mix concrete is more popular than regular concrete because of its convenience, ease of use, and quality. Ready-mix concrete is mainly used in the construction of residential and commercial buildings, production facilities, and roads.

According to the report published by Allied Market Research, the global ready-mix concrete market was estimated at $448.0 billion in 2020 and is expected to hit $704.2 billion by 2030, registering a CAGR of 4.5% from 2021 to 2030.

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Increase in demand for versatile building materials and rise in concern toward robust construction drive the growth of the global ready-mix concrete market. Moreover, construction companies are adopting environment-friendly and cost-effective housings & buildings to ensure the highest standards and uniform quality, which in turn increased the demand for ready-mix concrete even more, thus supplementing the market growth.

Top Players:
The key market players analyzed in the global ready-mix concrete market report include Barney & Dickenson, Inc., CEMEX S.A.B. de C.V., CRH plc, Vulcan Materials Company, Holcim Ltd., SIKA Group, Vicat SA, ACC Limited, UltraTech Cement Limited. These market players have adhered to several strategies including partnership, expansion, collaboration, joint ventures, and others to prove their flair in the industry.

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The global ready-mix concrete market is analyzed across type, application, mixer type, and region.
Based on type, the transit mix concrete segment contributed to nearly three-fifths of the total market revenue in 2020, and is projected to lead the trail by 2030. The shrink mix concrete segment, however, would exhibit the fastest CAGR of 5.2% during the forecast period.

Based on application, the commercial & infrastructure segment generated the highest share in 2020, accounting for more than half of the global market. The residential segment, on the other hand, would also cite the fastest CAGR of 5.1% from 2021 to 2030.

Based on region, the market across Asia-Pacific held the major share in 2020, garnering more than four-fifths of the global market. LAMEA, simultaneously, would manifest the fastest CAGR of 5.3% throughout the forecast period.

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