Global Ready-Mix Concrete Market

Ready-Mix Concrete Market Size, Share, Growth Analysis, By Type(Transit Mix Concrete, Central Mix Concrete, Shrink Mix Concrete), By Application(Commercial & Infrastructure, Residential, Industrial), By Mixer Type(Volumetric and Barrel truck/In-transit mixer), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15F2084 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 88 | Figures: 76

Ready-Mix Concrete Market Insights

Ready-Mix Concrete Market size was valued at USD 181.14 billion in 2019 and is poised to grow from USD 196.39 billion in 2023 to USD 1427.31 billion by 2031, growing at a CAGR of 8.5% in the forecast period (2024-2031).

In order to create ready-mixed concrete (RMC), specific amounts of water, additives, aggregates, and cement must be combined. 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. The main applications for ready-mix concrete include the construction of homes, businesses, factories, and roadways.

Due to rising need for adaptable building materials and growing attention to sturdy construction, ready-mix concrete has seen an increase in demand in the construction sector. Furthermore, it is anticipated that urbanisation and rapid population expansion would have a significant impact on the rise in demand for housing, employment opportunities, energy, food, clean water, transportation infrastructure, and social services. In order to assure the highest standards and consistent quality, construction companies are adopting environmentally friendly, economically viable homes and structures, which can be satisfied by utilising ready-mix concrete.

US Ready-Mix Concrete Market is poised to grow at a sustainable CAGR for the next forecast year.

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Ready-Mix Concrete Market size was valued at USD 181.14 billion in 2019 and is poised to grow from USD 196.39 billion in 2023 to USD 1427.31 billion by 2031, growing at a CAGR of 8.5% in the forecast period (2024-2031).

Ready-Mix Concrete Market Top Players Company Profiles  'Enaspol a.s', 'LafargeHolcim Ltd.', 'CEMEX S.A.B. de C.V.', 'HeidelbergCement AG', 'Buzzi Unicem SpA', 'CRH plc', 'China National Building Material Company Limited', 'Vicat Group', 'Eurocement Group', 'UltraTech Cement Ltd.', 'Martin Marietta Materials, Inc.', 'Siam Cement Group (SCG)', 'Taiheiyo Cement Corporation', 'Votorantim Cimentos S.A.', 'Mitsubishi Materials Corporation', 'Adelaide Brighton Ltd.', 'Hanson Limited', 'China West Construction Group Co. Ltd.', 'Taiyuan Lionhead Cement Co., Ltd.', 'RMC Group Plc (Ready Mixed Concrete)'

As infrastructure projects like bridges, roads, dams, and airport expansions proliferate, particularly in developing nations, the need for ready-mix concrete is rising. As a result, it is anticipated that over the projected period, the ready-mix concrete business will expand quickly. Increased government spending on manufacturing, power plants, and construction is also helping the market.

The market for ready-mixed concrete has expanded dramatically in recent years. This is a result of the great performance and expanding accessibility of innovative building materials worldwide. As infrastructure projects like bridges, highways, dams, and airport expansions proliferate, particularly in emerging nations, so does the demand for ready-mixed concrete. As a result, it is anticipated that the market for ready-mix concrete would expand quickly during the next few years.

In terms of market revenue and market share, North America has dominated the market in 2021. The development in new infrastructure projects in the area is responsible for the market growth in this region. The building business in the United States annually produces structures worth around D1.4 trillion, according to statistics from the Construction Association. In keeping with a strong and affluent economy, demand for single-family homes also drives the demand for ready-mix concrete.

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Global Ready-Mix Concrete Market

Report ID: SQMIG15F2084

$5,300
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