Asia Pacific Ready Mix Concrete Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by End Use (Residential, Commercial, and Others)

Asia Pacific Ready Mix Concrete Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by End Use (Residential, Commercial, and Others)

The Asia Pacific ready mix concrete market is expected to grow from US$ 4,53,542.89 million in 2022 to US$ 6,25,199.64 million by 2028; it is estimated to grow at a CAGR of 5.5% from 2022 to 2028.

Usage of Ready Mix Concrete in 3D Printing Process

The use of 3D printing in construction projects has tremendous action on a region scale. This new construction method has the potential to deliver significant savings due to efficient use of materials and less need for labor, combating an increasing shortage of skilled laborers. All projects to date have been virtually printed with 3DCP bagged/ready-to-mix dry mix mortars characterized by high cement content rather than conventional concrete. Various suppliers have emerged on a region scale to assist the adoption of 3D printing by providing convenient ready-to-mix dry mix mortar solutions that are relatively easy to apply in various 3D printers and demonstration projects. For instance, in 2021CEMEX and COBOD International developed 3D printing solution utilizing conventional ready-mix concrete. The solution only requires central sourcing of less than 1% of the concrete mix. In comparison, more than 99% of the concrete can be based on locally available raw materials, including cement, leading to significant cost savings compared to 3D printing mortars. The first 3D building used 12 m3 of concrete for US$ 80.6/m3 for walls; therefore, the total cost for the concrete materials for the 53 m2 house was less than US$ 1.01. Considering the expense of ready-to-mix dry mix mortars, which is 5–10 times the cost of standard ready mix concrete, the building materials manufacturers COBOD International and CEMEX developed a comparatively less expensive alternative D.fab, which dropped the cost by 90%.

Asia Pacific Ready Mix Concrete Market Overview

The Asia Pacific comprises several developing and developed economies such as China, India, Japan, South Korea, Australia, and others. Countries like Australia, Japan, India, China, South Korea, Singapore, Taiwan, and Indonesia have large industries in diverse sectors such as industrial, residential, and commercial. This region has been noticed as one of the prominent markets for the utilization of ready mix concrete owing to the surge in construction activities. Moreover, government initiatives and policies such as Make-in-India encourage the setup of different manufacturing plants in India. Rising foreign direct investments also lead to economic growth in the region.

Asia Pacific Ready Mix Concrete Market Revenue and Forecast to 2028 (US$ Million)

Asia Pacific Ready Mix Concrete Market Segmentation

The Asia Pacific ready mix concrete market is segmented on the basis of end use and country. Based on end use, the Asia Pacific ready mix concrete market is segmented into residential, commercial, and others. The residential segment held the largest market share in 2022.

Based on country, the Asia Pacific ready mix concrete market is segmented into Australia, Japan, India, South Korea, Indonesia, Taiwan, Malaysia, Vietnam, China, and the Rest of Asia Pacific. China dominated the market share in 2022.

ACC Limited; Vicat SA; LafargeHolcim; CEMEX S.A.B. DE C.V.; HeidelbergCement AG; ULTRATECH CEMENT LTD.; and CROWN CEMENT PLC. are the leading companies operating in the Asia Pacific ready mix concrete market.

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