APAC and EMEA Ready-Mix Concrete Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Residential, Commercial, and Others)

APAC and EMEA Ready-Mix Concrete Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Application (Residential, Commercial, and Others)

The APAC and EMEA ready-mix concrete market is expected to grow from US$ 509,013.39 million in 2022 to US$ 689,471.01 million by 2028. It is estimated to grow at a CAGR of 3.1% from 2022 to 2028.

Ready-mix concrete is an admixture of sand, water, cement, and aggregates. It is extensively used for small quantities of concrete construction applications. Transit mixed concrete, shrink mixed concrete, and central mixed concrete are three types of ready-mix concretes used in the construction industry. Eco-friendly concretes have been in trend in recent years. Nowadays, builders prefer sustainable ready-mix concrete products to enhance the performance of their concrete solutions, which offers lucrative growth opportunities for the ready-mix concrete market.

Based on application, the APAC and EMEA ready-mix concrete market is segmented into residential, commercial, and others. The residential sector includes private housing, apartment, and buildings. The investments and development activities in the residential infrastructure sector can be attributed to the rising population and urbanization. Moreover, favorable government policies in emerging countries such as India, the UAE, and Saudi Arabia have led to the establishment of residential buildings and ready-mix concrete manufacturing units, which is anticipated to upscale the demand for ready-mix concrete. The commercial segment includes sports facilities, schools, colleges, government institutions, hospitals, offices, and other commercial spaces. Ready-mix concrete is used for the construction of various facilities worldwide. Across the globe, many colleges and universities are upgrading and expanding their campuses. Increasing number of educational campus buildings requiring the usage of enhanced ready-mix concretes for their construction is expected to support the market growth.

The others segment consists of warehouses and supportive infrastructure for industrial applications. Automotive, chemical, oil & gas, water treatment, transportation, and other industries are among the major end users of ready-mix concrete products.

By country, the APAC and EMEA ready-mix concrete market is segmented into Germany, France, Italy, Spain, the UK, Netherland, Poland, rest of Europe, Australia, Indonesia, Taiwan, Japan, South Korea, Thailand, Bangladesh, rest of Asia Pacific, South Africa, Saudi Arabia, the UAE, Nigeria, Egypt, and rest of Middle East and Africa. In 2021, Japan held the largest share of the market. The market in the country is expected to grow at the highest CAGR over the forecast period. The market in Japan is growing due to the robust commercial and residential infrastructural facilities in the country. Furthermore, the manufacturers in the country are producing ready-mix concrete products with high precision and consistent quality.

The COVID-19 pandemic adversely affected the growth of the ready-mix concrete market. Industries, such as packaging, consumer goods, automotive, transportation, textiles, and building & construction, were hindered by the sudden disruptions in operational efficiencies and value chains due to the closure of national and international boundaries. Declining revenue and rising project delivery issues have caused the industry to collapse in most areas, putting a strain on the labor force. Moreover, supply chains disruptions restricted the manufacturing and distribution of building materials. Builders have experienced delays and rising costs for imported raw materials and off-site building materials as many factories were on halt for lengthy periods.

As various countries have relaxed the restrictions, the global market has begun recovering from the losses. Manufacturers are permitted to operate at full capacity, helping them overcome the supply gap. Moreover, the rising vaccination rate is boosting the overall growth of the building & construction industry. According to the World Economic Forum, house renovation projects increased during the COVID-19 pandemic, which is expected to offer new opportunities for the market growth during the forecast period.

ACC Limited; Vicat SA; HOLCIM; Buzzi Unicem SPA; Barney & Dickenson Inc.; R.W. Sidley, Inc.; CEMEX S.A.B. de C.V.; HeidelbergCement; UltraTech Cement Limited; and Crown Cement PLC. are among the leading players in the APAC and EMEA ready-mix concrete market. These companies are adopting strategies, such as mergers, acquisitions, and product launches, to expand their geographic presence and consumer bases.

The overall APAC EMEA ready-mix concrete market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the APAC and EMEA ready-mix concrete market.

Reasons to Buy
Progressive industry trends in the ready-mix concrete market to help players develop effective long-term strategiesBusiness growth strategies adopted by developed and developing marketsQuantitative analysis of the ready-mix concrete market from 2021 to 2028Estimation of the demand for ready-mix concrete across various industriesPorter's Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growthRecent developments to understand the competitive market scenario and the demand for ready-mix concrete compounds in APAC and EMEAMarket trends and outlook coupled with factors driving and restraining the growth of the ready-mix concrete  market.Decision-making process by understanding strategies that underpin commercial interest concerning the APAC and EMEA ready-mix concrete market growthThe APAC and EMEA ready-mix concrete market size at various nodes of marketDetailed overview and segmentation of ready-mix concrete market as well as its dynamics in the industryThe ready-mix concrete market size in different regions with promising growth opportunities