Ready-Mix Concrete Market Forecasts to 2030 – Global Analysis By Type (Transit Mix, Shrink Mix, Central Mix, Standard, Accelerated Set, Flowable Fill, Architectural and Fiber-reinforced), Mixer Type (Barrel Truck and Volumetric), Application and By Geogra

Ready-Mix Concrete Market Forecasts to 2030 – Global Analysis By Type (Transit Mix, Shrink Mix, Central Mix, Standard, Accelerated Set, Flowable Fill, Architectural and Fiber-reinforced), Mixer Type (Barrel Truck and Volumetric), Application and By Geography

According to Stratistics MRC, the Global Ready-Mix Concrete Market is accounted for $541.46 billion in 2023 and is expected to reach $841.42 billion by 2030 growing at a CAGR of 6.5% during the forecast period. Ready-mix concrete (RMC) is a mixture of water, supplementary materials, aggregates, and cement in defined proportions. To achieve the desired durability and strength, these various elements are combined in the appropriate proportions in line with established rules. When compared to regular concrete, ready-mix concrete is more popular since it is more convenient, simpler to use, and of higher quality. For ready-mix concrete, a setup is needed to mix the materials proportionally. In factories, ready-mixed concrete is produced for driveways, civil construction, bridge foundations, and other uses.

According to the Ministry of Commerce and Industry, the real estate sector in India is expected to reach USD 1 trillion in market size by 2030, up from USD 200 billion in 2021, and contribute 13% to the country’s GDP by 2025.

Market Dynamics

Driver

Increasing demand in infrastructure sector

The rise of the construction sector is primarily being driven by rising infrastructure construction activities. Due to elements including increasing stability in infrastructure projects, corporate deleveraging, and the adoption of the goods and services tax (GST), investments from the private sector are anticipated to grow moderately strongly. The increase of urban infrastructure and building development is being fuelled by government efforts which suggest a promising prospect for the industry.

Restraint

Lack of awareness

The low number of sales and installations, which may be attributed to the fact that these systems are relatively new and have little public outreach, is what is preventing the market from expanding. It is anticipated that the market will be hampered by the general people's ignorance of these technologies, which are still in their infancy and have little public outreach as evidenced by the low number of sales and installations and substitutes for the materials.

Opportunity

Growing popularity of geopolymer cement concrete

Fly ash, granulated slag, and sodium silicate are used to make geopolymers, which are building materials that are increasingly employed in cement because of their exceptional qualities, including their resistance to acids, ability to regulate high temperatures, and capacity to provide structures a high level of strength. Concrete manufacture employs geopolymers to cut carbon dioxide emissions. Thus, it is anticipated that ready mix concrete use would rise as a result of geopolymers' increasing use in the production of concrete.

Threat

High operating cost

Several raw ingredients are needed in significant amounts for the production of ready mix concrete. Due to the large usage of cement, the administration of the manufacturing site, and the transportation of ready mix concrete to construction sites, ready mix concrete is more expensive than onsite mix concrete. Due to high operational expenses at production facilities and hefty taxes levied by the government, the cost of ready mix concrete is frequently increased.

Covid-19 Impact

COVID-19 had a detrimental effect on the market. Due to the COVID-19 effect, the nation's construction sector was at a stop, and many of the building sites were only operating at half their capacity. However, since limitations were removed, the industry has been rebounding strongly. Over the past two years, a rise in home sales, the beginning of new projects, and a rise in the demand for new offices and commercial space have been driving the market's recovery.

The transit mix segment is expected to be the largest during the forecast period

The transit mix segment is estimated to have a lucrative growth. Transit-mixing allows concrete to be hauled to construction sites further away from the plant. Due to probable delays in the shipment or placing of centrally mixed concrete, this approach prevents the issues of early hardening and slump loss. Transit mix has improved quality control, uniformity, and manufacturing capacity, and it also lessens vehicle wear.

The commercial segment is expected to have the highest CAGR during the forecast period

The commercial segment is anticipated to witness the fastest CAGR growth during the forecast period owing to the increasing urbanization in several countries worldwide. It is taking place as a result of the development of several private sector businesses, including retail centres, hotels, and restaurants. The demand for this form of concrete is further increased by the need for speedy building in commercial projects.

Region with largest share

Asia Pacific is projected to hold the largest market share during the forecast period. The need for ready-mix concrete in construction operations is anticipated to be supported by the rapid infrastructure development in Thailand, Singapore, India, and China. The region's industrial and manufacturing expansion, together with urbanisation and housing growth, are all expected to increase demand for ready-mix concrete. The sector is projected to benefit from government changes to improve the road infrastructure in China and India in order to flourish the industrial growth in the region.

Region with highest CAGR

Middle East and Africa is projected to have the highest CAGR over the forecast period. Due to considerable advancements in the infrastructure sector, Saudi Arabia and the United Arab Emirates have considerably contributed to market growth. Government programmes like Vision 2030 and the National Transformation Programme (NTP) are supposed to support economic growth in Saudi Arabia. Additionally, the demand for ready-mix concrete would increase due to the region's growing building of commercial and residential complexes.

Key players in the market

Some of the key players profiled in the Ready-Mix Concrete Market include UltraTech Cement Ltd., ACC Limited, Prism Johnson Limited, Heidelberg Cement AG, Nuvoco Vistas Corp Ltd., LafargeHolcim Ltd., Ramco Cements, CRH plc, CONCRETE INDIA, Martin Marietta Inc., Ambuja Cements, Vulcan Materials Company, RDC Concrete (India) Pvt. Ltd., Vicat S.A., CEMEX S.A.B. de C.V., Hanson Group, Votorantim Cimentos, Dillon Bros Concrete LLC, Skyway RMC Plants Private Limited and RayMix Concrete India Pvt Ltd.

Key Developments

In September 2022, the Adani Group announced the completion of the acquisition of Ambuja Cements and ACC Ltd. The company completed the transaction with Holcim India. The value of the acquisition is estimated to be around USD 6.50 billion.

In September 2022, Ramco Cements announced the commissioning of its fifth manufacturing plant in Andhra Pradesh. This plant will serve customers from Andhra Pradesh, Karnataka, North Tamil Nadu, Maharashtra, and Madhya Pradesh and will further strengthen the company's product integration for ready-mix concrete.

In May 2020, UltraTech developed its in-house technology that collects all the remaining concrete from the construction sites and makes them into slurry for recycling in ready-mix concrete. The plant technology is automated and does not dispose of any solid or water waste, thus it is fully environmentally friendly.

In April 2020, Hanson Group supplied ready-mix concrete to meet the challenges of COVID-19 pandemic in Swansea. The factory is temporarily being formed as an NHS filed hospital for treatment and care of the patients affected from the novel corona virus.

Types Covered
• Transit Mix
• Shrink Mix
• Central Mix
• Standard
• Accelerated Set
• Flowable Fill
• Architectural
• Fiber-reinforced

Mixer Types Covered
• Barrel Truck
• Volumetric

Applications Covered
• Residential
• Infrastructure
• Commercial
• Industrial

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements