Ready-Mix Concrete Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Ready-Mix Concrete Market
The Ready-Mix Concrete Market size was valued at USD 735.9 billion in 2020, and the market is now projected to grow from USD 792.2 billion in 2021 to USD 1,374.2 billion in 2028, exhibiting a CAGR of 8.2% during the forecast period of 2023-2030.
The COVID-19 has been challenging for the construction projects and its supply chain, and it directly impacted the concrete market. The market has witnesses decline in product demand by 1.9% in 2020 during pandemic, impacting Ready-Mix Concrete Market Growth.
The construction is booming with growth in infrastructure development. The industry is witnessing the rise due to increased income in developed and developing countries with high volume of construction of buildings and housing, leading to high concrete consumption and expanding Ready-Mix Concrete Market Share. With growing economies, industries are shifting towards ready-mix market for more convenience and faster work. The key driving nations are China, India, Japan, with other nation, as they are witnessing growing populations and demand for residential structures. The industrialisation and urbanisation is fueling the construction growth and development of infrastructure, boosting up the concrete market.
The construction projects need Ready-Mix Concrete (RMC)as it is their key product. To take care of environment and decrease the greenhouse gas emissions, manufactures are increasing the usage of additives such as fly ash/slag, due to which there is reduction in cement content and enhanced energy efficiency. The eco-friendly RMC is in demand due to green construction, focused on water and energy efficiency. It requires careful planning and designing to build greenhouse, along with consideration of energy, water use, and material selection and as the non-renewable resources are decreasing and cost is increasing, the green house construction is very important for the industries and economies.
Comprehensive Analysis of Ready-Mix Concrete Market
The Ready-Mix Concrete Market and Chemicals & Advanced Materials industry is rising at an exponential rate due to its market segmentation. This market expansion effectively provides a detailed regional assessments considering the dominant supply and demand forces that impact the industrial benefit management industry. These segmentations are methodically segregated By Application Analysis. The types of application include, Residential, Commercial, and Infrastructure.
The Asia Pacific is holding the largest Ready-Mix Concrete Market Share, and is showing substantial growth owing to the large-scale demand from the developing economies such as China, India, and South Korea. As the regions’ highest producer, China is holding the leading position in concrete market due to growing demand coming from large number of population with largest availability of raw material. The developing countries are focusing on their economic growth as a result there is high infrastructural development and construction of new manufacturing plants contributing to market growth.
The top players in the market play a crucial role in the advanced material industry assuring industrial prospectus growth and setting market standards. These players include,CEMEX S.A.B. de C.V.(Mexico), M. I. Cement Factory Limited. (Dhaka), ACC Ltd.(India), UltraTech Cement Ltd. (India), LafargeHolcim (Switzerland), Buzzi Unicem SpA (Italy), R. W. Sidley, Inc. (U.S.), HEIDELBERGCEMENT AG (Germany), Italcementi Group (Italy), Hanson Cement Ltd. (U.K.), U.S. Concrete (U.S.), these market players provide a level-playing competitive landscape.
May 2020: With its in-house technology innovation UltraTech has gained the attention towards the new approach of material usage. What The technology did is it collects the remaining concrete from the construction sites and make them into slurry for recycling in ready-mix concrete. The plant technology is an automated technology and it does not dispose of Anu solid or water waste, which makes it fully environmental friendly.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2017-2028
Base Year 2020
Estimated Year 2021
Forecast Period 2021-2028
Historical Period 2017-2019
Unit Value (USD Billion); Volume (Million Ton)
Segmentation By Application, and By Geography
By Application Residential
Commercial
Infrastructure
By Geography North America (By Application)
- U.S. (By Application)
- Canada (By Application)
Europe (By Application)
- Germany (By Application)
- France (By Application)
- U.K. (By Application)
- Italy (By Application)
- Spain (By Application)
- Rest of Europe (By Application)
Asia Pacific (By Application)
- China (By Application)
- India (By Application)
- Japan (By Application)
- Australia (By Application)
- South Korea (By Application)
- Rest of Asia Pacific (By Application)
Latin America (By Application)
- Brazil (By Application)
- Mexico (By Application)
- Argentina (By Application)
- Rest of Latin America (By Application)
Middle East & Africa (By Application)
- South Africa (By Application)
- Saudi Arabia (By Application)
- UAE (By Application)
- Egypt (By Application)
- Rest of Middle East & Africa (By Application)
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- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Key Developments: Mergers, Acquisition, Partnership, etc.
- 4.3. Latest Technological Advancement
- 4.4. Insights on Regulatory Scenario
- 4.5. Porters Five Forces Analysis
- 5. Qualitative Insights – Impact of COVID-19 on Global Ready-Mix Concrete Market
- 5.1. Supply Chain Challenges
- 5.2. Steps taken by Government/Companies to overcome this impact
- 5.3. Potential opportunities due to COVID-19 outbreak
- 6. Global Ready-Mix Concrete Market Analysis, Insights and Forecast, 2017-2028
- 6.1. Key Findings / Summary
- 6.2. By Application (Volume/Value)
- 6.2.1. Residential
- 6.2.2. Commercial
- 6.2.3. Infrastructure
- 6.3. By Region (Volume/Value)
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. Asia Pacific
- 6.3.4. Latin America
- 6.3.5. Middle East & Africa
- 7. North America Ready-Mix Concrete Market Analysis, Insights and Forecast, 2017-2028
- 7.1. Key Findings / Summary
- 7.2. By Application (Volume/Value)
- 7.2.1. Residential
- 7.2.2. Commercial
- 7.2.3. Infrastructure
- 7.3. By Country (Volume/Value)
- 7.3.1. U.S.
- 7.3.1.1. By Application (Volume/Value)
- 7.3.1.1.1. Residential
- 7.3.1.1.2. Commercial
- 7.3.1.1.3. Infrastructure
- 7.3.2. Canada
- 7.3.2.1. By Application (Volume/Value)
- 7.3.2.1.1. Residential
- 7.3.2.1.2. Commercial
- 7.3.2.1.3. Infrastructure
- 8. Europe Ready-Mix Concrete Market Analysis, Insights and Forecast, 2017-2028
- 8.1. Key Findings / Summary
- 8.2. By Application (Volume/Value)
- 8.2.1. Residential
- 8.2.2. Commercial
- 8.2.3. Infrastructure
- 8.3. By Country (Volume/Value)
- 8.3.1. Germany
- 8.3.1.1. By Application (Volume/Value)
- 8.3.1.1.1. Residential
- 8.3.1.1.2. Commercial
- 8.3.1.1.3. Infrastructure
- 8.3.2. France
- 8.3.2.1. By Application (Volume/Value)
- 8.3.2.1.1. Residential
- 8.3.2.1.2. Commercial
- 8.3.2.1.3. Infrastructure
- 8.3.3. UK
- 8.3.3.1. By Application (Volume/Value)
- 8.3.3.1.1. Residential
- 8.3.3.1.2. Commercial
- 8.3.3.1.3. Infrastructure
- 8.3.4. Italy
- 8.3.4.1. By Application (Volume/Value)
- 8.3.4.1.1. Residential
- 8.3.4.1.2. Commercial
- 8.3.4.1.3. Infrastructure
- 8.3.5. Spain
- 8.3.5.1. By Application (Volume/Value)
- 8.3.5.1.1. Residential
- 8.3.5.1.2. Commercial
- 8.3.5.1.3. Infrastructure
- 8.3.6. Rest of Europe
- 8.3.6.1. By Application (Volume/Value)
- 8.3.6.1.1. Residential
- 8.3.6.1.2. Commercial
- 8.3.6.1.3. Infrastructure
- 9. Asia-Pacific Ready-Mix Concrete Market Analysis, Insights and Forecast, 2017-2028
- 9.1. Key Findings / Summary
- 9.2. By Application (Volume/Value)
- 9.2.1. Residential
- 9.2.2. Commercial
- 9.2.3. Infrastructure
- 9.3. By Country (Volume/Value)
- 9.3.1. China
- 9.3.1.1. By Application (Volume/Value)
- 9.3.1.1.1. Residential
- 9.3.1.1.2. Commercial
- 9.3.1.1.3. Infrastructure
- 9.3.2. India
- 9.3.2.1. By Application (Volume/Value)
- 9.3.2.1.1. Residential
- 9.3.2.1.2. Commercial
- 9.3.2.1.3. Infrastructure
- 9.3.3. Japan
- 9.3.3.1. By Application (Volume/Value)
- 9.3.3.1.1. Residential
- 9.3.3.1.2. Commercial
- 9.3.3.1.3. Infrastructure
- 9.3.4. Australia
- 9.3.4.1. By Application (Volume/Value)
- 9.3.4.1.1. Residential
- 9.3.4.1.2. Commercial
- 9.3.4.1.3. Infrastructure
- 9.3.5. South Korea
- 9.3.5.1. By Application (Volume/Value)
- 9.3.5.1.1. Residential
- 9.3.5.1.2. Commercial
- 9.3.5.1.3. Infrastructure
- 9.3.6. Rest of Asia Pacific
- 9.3.6.1. By Application (Volume/Value)
- 9.3.6.1.1. Residential
- 9.3.6.1.2. Commercial
- 9.3.6.1.3. Infrastructure
- 10. Latin America Ready-Mix Concrete Market Analysis, Insights and Forecast, 2017-2028
- 10.1. Key Findings / Summary
- 10.2. By Application (Volume/Value)
- 10.2.1. Residential
- 10.2.2. Commercial
- 10.2.3. Infrastructure
- 10.3. By Country (Volume/Value)
- 10.3.1. Brazil
- 10.3.1.1. By Application (Volume/Value)
- 10.3.1.1.1. Residential
- 10.3.1.1.2. Commercial
- 10.3.1.1.3. Infrastructure
- 10.3.2. Mexico
- 10.3.2.1. By Application (Volume/Value)
- 10.3.2.1.1. Residential
- 10.3.2.1.2. Commercial
- 10.3.2.1.3. Infrastructure
- 10.3.3. Argentina
- 10.3.3.1. By Application (Volume/Value)
- 10.3.3.1.1. Residential
- 10.3.3.1.2. Commercial
- 10.3.3.1.3. Infrastructure
- 10.3.4. Rest of Latin America
- 10.3.4.1. By Application (Volume/Value)
- 10.3.4.1.1. Residential
- 10.3.4.1.2. Commercial
- 10.3.4.1.3. Infrastructure
- 10.3.4.1.4. Acetic Anhydride
- 10.3.4.1.5. Others
- 11. Middle East & Africa Ready-Mix Concrete Market Analysis, Insights and Forecast, 2017-2028
- 11.1. Key Findings / Summary
- 11.2. By Application (Volume/Value)
- 11.2.1. Residential
- 11.2.2. Commercial
- 11.2.3. Infrastructure
- 11.3. By Country (Volume/Value)
- 11.3.1. South Africa
- 11.3.1.1. By Application (Volume/Value)
- 11.3.1.1.1. Residential
- 11.3.1.1.2. Commercial
- 11.3.1.1.3. Infrastructure
- 11.3.2. Saudi Arabia
- 11.3.2.1. By Application (Volume/Value)
- 11.3.2.1.1. Residential
- 11.3.2.1.2. Commercial
- 11.3.2.1.3. Infrastructure
- 11.3.3. UAE
- 11.3.3.1. By Application (Volume/Value)
- 11.3.3.1.1. Residential
- 11.3.3.1.2. Commercial
- 11.3.3.1.3. Infrastructure
- 11.3.4. Egypt
- 11.3.4.1. By Application (Volume/Value)
- 11.3.4.1.1. Residential
- 11.3.4.1.2. Commercial
- 11.3.4.1.3. Infrastructure
- 11.3.5. Rest of Middle East & Africa
- 11.3.5.1. By Application (Volume/Value)
- 11.3.5.1.1. Residential
- 11.3.5.1.2. Commercial
- 11.3.5.1.3. Infrastructure
- 12. Company Profiles
- 12.1. CEMEX S.A.B. de C.V.
- 12.1.1. Overview
- 12.1.2. Description
- 12.1.3. Product Portfolio
- 12.1.4. Financials (Data as available in public domain and/or on paid databases)
- 12.1.5. Recent Developments
- 12.2. M. I. Cement Factory Limited.
- 12.2.1. Overview
- 12.2.2. Description
- 12.2.3. Product Portfolio
- 12.2.4. Financials (Data as available in public domain and/or on paid databases)
- 12.2.5. Recent Developments
- 12.3. ACC Ltd.
- 12.3.1. Overview
- 12.3.2. Description
- 12.3.3. Product Portfolio
- 12.3.4. Financials (Data as available in public domain and/or on paid databases)
- 12.3.5. Recent Developments
- 12.4. UltraTech Cement Ltd.
- 12.4.1. Overview
- 12.4.2. Description
- 12.4.3. Product Portfolio
- 12.4.4. Financials (Data as available in public domain and/or on paid databases)
- 12.4.5. Recent Developments
- 12.5. LafargeHolcim
- 12.5.1. Overview
- 12.5.2. Description
- 12.5.3. Product Portfolio
- 12.5.4. Financials (Data as available in public domain and/or on paid databases)
- 12.5.5. Recent Developments
- 12.6. Buzzi Unicem SpA
- 12.6.1. Overview
- 12.6.2. Description
- 12.6.3. Product Portfolio
- 12.6.4. Financials (Data as available in public domain and/or on paid databases)
- 12.6.5. Recent Developments
- 12.7. R. W. Sidley, Inc.
- 12.7.1. Overview
- 12.7.2. Description
- 12.7.3. Product Portfolio
- 12.7.4. Financials (Data as available in public domain and/or on paid databases)
- 12.7.5. Recent Developments
- 12.8. HEIDELBERGCEMENT AG
- 12.8.1. Overview
- 12.8.2. Description
- 12.8.3. Product Portfolio
- 12.8.4. Financials (Data as available in public domain and/or on paid databases)
- 12.8.5. Recent Developments
- 12.9. Italcementi Group
- 12.9.1. Overview
- 12.9.2. Description
- 12.9.3. Product Portfolio
- 12.9.4. Financials (Data as available in public domain and/or on paid databases)
- 12.9.5. Recent Developments
- 12.10. Hanson Cement Ltd.
- 12.10.1. Overview
- 12.10.2. Description
- 12.10.3. Product Portfolio
- 12.10.4. Financials (Data as available in public domain and/or on paid databases)
- 12.10.5. Recent Developments
- 12.11. U.S. Concrete
- 12.11.1. Overview
- 12.11.2. Description
- 12.11.3. Product Portfolio
- 12.11.4. Financials (Data as available in public domain and/or on paid databases)
- 12.11.5. Recent Developments
- 12.12. Other Key Players
- 12.12.1. Overview
- 12.12.2. Description
- 12.12.3. Product Portfolio
- 12.12.4. Financials (Data as available in public domain and/or on paid databases)
- 12.12.5. Recent Developments
- 13. Strategic Recommendations
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