Global Ready Mix Concrete Market Insights and Forecast to 2028

Ready Mix Concrete Market Statistics 2028

The global Ready-Mix Concrete market size is estimated to be worth US$ 878790 million in 2022 and is projected to reach US$ 1446450 million by 2028 with a CAGR of 8.7% during the review period. Key drivers of the ready-mix concrete market include the booming construction industry and rapid urbanization. The rise in green construction and growing government funding for infrastructural projects will significantly boost the growth of the ready-mix concrete market. The associated advantages and reduced labor cost will lead to widescale adoption of ready mix concrete thereby surging the market growth in the coming years. However, huge initial investment and transportation problems will restrict the market during the forecast period.

Ready Mix Concrete Market Trends

The rapid pace of industrialization

The population explosion and urbanization have shifted the world’s population towards towns and cities. This has led to huge economic growth and an increase in standards of living. Commercial projects such as hotels, shopping malls, residential complexes, and offices are being constructed in large proportions. Over half of the cement industry utilizes ready mix concrete due to better quality, low inventory cost, and ease of use. These factors will fuel the ready mix concrete market expansion during the forecast period.

Sustainable construction and infrastructure growth

Green building projects are gaining popularity due to global warming concerns. Being a resource-intensive industry with huge waste dumping the building sector is going through a transition for using eco-friendly materials in their operational processes and construction work. Ready-mix concrete reduces noise and air pollution by eliminating onsite concrete mixing procedures. Moreover,  government and private organizations are pumping investments for road repairs, highways, bridges, dams, and airport expansion projects. Smart cities are in development to accommodate the growing population levels. This in turn will provide lucrative opportunities for the growth of the ready mix concrete market in the upcoming years. 

Benefits of RMC over normal concrete

RMC(Ready Mix Concrete) provides durability, compressive strength, and superior quality. As onsite mixing is avoided the transportation and labor cost is reduced. The eco-friendly materials eliminate dust emission and require less supervision. Proper handling and less consumption reduce wastage and preserve important resources. In addition to it, high structural guarantee, strength, and longer shelf life make it suitable for every building or commercial project. The major benefits offered have spurred rapid usage thereby surging the growth of the ready mix concrete market during the subsequent years. 

RESTRAIN:

The duration from the batching plant and onsite project location creates hurdles as ready mix concrete has limited timespan use. The initial investments are high making it impossible for smaller companies to buy. These factors will hamper the growth of the ready-mix concrete market during the forecast period. 

Ready Mix Concrete Market Share Analysis

Based on application, the residential building segment will show huge growth in the ready-mix concrete market share due to the growing construction of residential complexes and demand for single-family houses. 

Based on type, the transit mix segment will provide lucrative opportunities for growth in the ready mix concrete market share as the mixing is done under a controlled environment allowing the water to be separated from the cement. This, in turn, blends the concrete properly before the final use on the construction site.

Based on region, the Asia-Pacific segment will grow the highest in the ready mix concrete market share due to rapid industrialization and booming infrastructural projects in emerging economies such as India, China, Japan, etc.

Ready Mix Concrete Market By Type

• Transit Mixed Concrete
• Shrink Mixed Concrete
• Central Mixed Concrete
• Other

Ready Mix Concrete Market By Application

• Residential Building
• Commercial Building
• Industrial Building
• Infrastructure Sectors
• Other

Consequences of Covid 19 Pandemic

The authors of this study have enlightened the readers on the rise and effect of the Covid-19 outbreak on the development. They have investigated the changes brought about in the demand/supply side, consumption, supply chain, and production/manufacturing. The readers will get familiar with the measures that have helped the key players to bring the Ready-Mix Concrete market back to the pre-covid levels.

Trends & Prospects

In this segment of the report, the specialists have delved into the key growth opportunities that are likely to emerge. This will aid the key players to simplify complex issues related to business and frame future strategies to compete in this competitive environment. This section will certainly assist the players to boldly position their business.

Ready Mix Concrete Market Production By Region

• North America
• Europe
• China
• Japan

Ready Mix Concrete Market Consumption By Region

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Australia
• Taiwan
• Indonesia
• Thailand
• Malaysia
• Philippines
• Vietnam
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE

Competitive Outlook

In this section of the report, the researchers have done a comprehensive analysis of the prominent players operating and the strategies they are focusing on to combat the intense competition. Company profiles and share analysis of the prominent players are also provided in this section. They have also provided reliable sales and revenue data of the manufacturers for the period 2017-2022. With the assistance of this report, key players, stakeholders, and other participants will be able to stay abreast of the recent and upcoming developments in the business, further enabling them to make efficient choices. 

Ready Mix Concrete Market By Company

• Cemex
• Holcim
• Sika Corporation
• Saint-Gobain
• Henkel
• HeidelbergCement
• Lafarge
• CRH PLC
• Buzzi Unicem
• Italcementi
• Cimpor
• Votorantim
• US Concrete

Scope of the Ready Mix Concrete Market Report