Ready-Mix Concrete Market is Estimated to Reach USD 1083.52 Bn by 2030

► Global Ready-Mix Concrete Market Surges Toward $1.08 Trillion by 2030, Driven by Infrastructure Boom and Strategic M&A

The global ready-mix concrete (RMC) market is on a robust growth trajectory, projected to expand from USD 585.91 billion in 2023 to USD 1,083.52 billion by 2030, reflecting a compound annual growth rate (CAGR) of 9.18%. This surge is fueled by rapid urbanization, significant infrastructure investments, and a wave of strategic mergers and acquisitions across key regions.

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►Competitive Landscape

The global RMC market is characterized by the presence of several key players striving for market dominance through strategic initiatives. Prominent companies include CEMEX, LafargeHolcim, HeidelbergCement AG, Buzzi Unicem S.p.A., Vicat Group, CRH plc, U.S. Concrete, Inc., Martin Marietta Materials Inc., Sika Barney & Dickenson Inc., and R.W. Sidley Inc. These companies are focusing on mergers and acquisitions, technological advancements, and sustainable practices to enhance their market positions.

►Regional Insights

♦ United States: Growth Accelerated by Strategic Acquisitions
In the United States, the ready-mix concrete market is experiencing significant growth, with projections estimating a market size of USD 475.30 billion by 2032. This expansion is bolstered by strategic acquisitions, such as Holcim Ltd.'s acquisition of Cajun Ready Mix Concrete LLC in May 2022, aimed at enhancing its distribution network in North America. Additionally, LafargeHolcim's acquisition of CRH's ready-mix concrete business in the U.S. for USD 3.5 billion in 2021 underscores the trend of consolidation to strengthen market presence.

♦ Asia Pacific: Opportunities Abound Amidst Rapid Urbanization
The Asia Pacific region dominates the global RMC market, accounting for a 69.7% revenue share in 2022. The market is projected to grow at a CAGR of 8.5% from 2023 to 2030, reaching USD 1,098.31 billion by 2030. India is expected to register the highest CAGR in the region, driven by extensive infrastructure development and urban housing projects. Notably, ACC Ltd., under the Adani Group, completed the acquisition of the remaining 55% stake in Asian Concretes and Cements Private Ltd. in January 2024, enhancing its market footprint.

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♦ Middle East & Africa: Trends Indicate Robust Infrastructure Investments
The Middle East & Africa RMC market is anticipated to grow at a CAGR of 5.9% over the forecast period. Significant infrastructure projects, particularly in Saudi Arabia and the UAE, are driving this growth. For instance, Saint-Gobain's agreement to acquire Dubai-based FOSROC for approximately USD 1.03 billion aims to bolster its presence in high-growth markets like India and the Middle East. Additionally, Unibeton Ready Mix has been instrumental in major projects such as the New Port of Qatar and King Abdullah Financial District in Riyadh, reflecting the region's commitment to large-scale developments.

♦ Europe: Consolidation and Updation Drive Market Dynamics
Europe's RMC market is projected to expand from USD 122.80 billion in 2023 to USD 251.03 billion by 2033. The emphasis on green construction and eco-friendly materials is stimulating market growth, particularly in Western European nations. Strategic moves, such as CRH's acquisition of Buzzi Unicem S.p.A.'s Ukrainian and Slovakian ready-mix concrete business for USD 109 million in June 2023, highlight the region's consolidation efforts. Furthermore, Germany is expected to register the highest CAGR in Europe from 2023 to 2030, driven by sustainable construction practices.

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► Market Segmentation: In-Depth Analysis:

According to the process segment, the ready-mix concrete industry is anticipated to be dominated both now and in the future by the residential sector. In 2023, the biggest market share was recorded by the residential segments. The same sector accounts for about half of the overall market share. There is a high demand for the material due to obvious factors like the expanding population's desire for a posh and roomy environment and the rising per capita income of the developed population, which both contribute to the market's growth in terms of volume and value.

by Production

Onsite
Offsite

by Application

Industrial utilities
Infrastructure
Commercial
Residential

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► Learn about the top players driving innovation in the Market :

1. China National Building Material Company Limited
2. China West Construction Group Co ltd
3. Shanghai Construction Group (SCG)
4. China Resources Cement Limited
5. HeidelbergCement
6. Votorantim
7. LafargeHolcim
8. Buzzi Unicem
9. Cemex
10.US Concrete
11.CRH Plc
12.Siam Cement Group
13.BBMG Corporation
14.Cimpor
15.ACC Limited
16.Vicat SA
17.Lafarge
18.Buzzi Unicem S.p.A
19.Barney & Dickenson, Inc
20.R.W. Sidley, Inc
21.CEMEX S.A.B. de C.V
22.Italcementi Group
23.UltraTech Cement Limited
24.Holcim Ltd
25.HeidelbergCement

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