[Exclusive 200 Pages Report] : The global ready-mix concrete market size was US$ 448.0 billion in 2020. The global ready-mix concrete market is expected to grow to US$ 704.2 billion by 2030 by registering a compound annual growth rate (CAGR) of 4.5% during the study period from 2022 to 2030.
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In order to create ready-mixed concrete (RMC), specific amounts of water, additives, aggregates, and cement must be combined. It helps users achieve the desired durability and strength. When compared to regular concrete, ready-mix concrete is more popular since it is more convenient, simpler to use, and of higher quality. The main applications for ready-mix concrete include the construction of homes, businesses, factories, and roadways.
COVID-19 Impact Analysis
The COVID-19 outbreak’s phase had a significant negative impact on the ready-mix concrete market. The demand for ready-mix concrete has drastically decreased as a result of the global slowdown in construction activity. However, as construction operations resumed, the market is expected to rebound at a fast pace.
Factors Influencing the Market
Due to the rising need for adaptable building materials and growing attention to sturdy construction, ready-mix concrete has seen an increase in demand in the construction sector. Furthermore, it is anticipated that urbanization and rapid population expansion would have a significant impact on the rise in demand for housing. In order to assure the highest standards and consistent quality, construction companies are adopting environmentally friendly, economically viable homes and structures, which can be satisfied by utilizing ready-mix concrete. As a result, it will present potential prospects for the growth of the ready-mix concrete market during the analysis period.
One of the key factors driving the market expansion includes growing efforts in infrastructure development, such as the building of highways, the renovation of airports, and the construction of dams in developing economies. Infrastructure projects are majorly affected by time constraints. However, the benefits of ready-mix concrete can solve this problem, which will significantly boost the growth of the ready-mix concrete market during the analysis period.
Regional Analysis
The Asia-Pacific ready-mix concrete market is expected to hold the largest share of the market due to the rising demand for office spaces in India. Additionally, the rising population in India and China is leading to urbanization, which will present potential prospects for the ready-mix concrete market during the analysis period. Moreover, the growing demand for stores in the commercial sector, growing investments, and steeply rising use of ready-mix in the industrial/institutional application will accelerate the growth of the ready-mix concrete market during the analysis period.
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Competitors in the Market
ACC Limited
Barney & Dickenson, Inc.
CEMEX S.A.B. de C.V.
CRH plc
HEIDELBERGCEMENT AG
Holcim Ltd.
SIKA Group
UltraTech Cement Limited
Vicat SA
Vulcan Materials Company
Other Prominent Players
Market Segmentation
The global ready-mix concrete market segmentation focuses on Type, Application, Mixer Type, and Region.
By Type
Transit Mix Concrete
Central Mix Concrete
Shrink Mix Concrete
By Application
Commercial & Infrastructure
Residential
Industrial
By Mixer Type
Volumetric
Barrel Truck/In-transit mixer
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By Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
Key questions answered in the global market report are:
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— What are the factors driving and restraining the market?
— What are the leading competitors in the global market?
— Which region is growing at a higher pace in the global market?
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