Ready Mix Concrete Market Size, Share, Research [2021-2028]
The companies covered by the ready-mixed concrete market are CEMEX SAB de CV (Mexico), MI Cement Factory Limited. (Dhaka), ACC Ltd. (India), UltraTech Cement Ltd. (India), LafargeHolcim (Switzerland), Buzzi Unicem SpA (Italy), RW Sidley, Inc. (US), HEIDELBERGCEMENT AG (Germany) and other profiled players
Pune, India, November 15, 2021 (GLOBE NEWSWIRE) – The world ready-mixed concrete market The size was USD 735.9 billion in 2020. The market is expected to grow from USD 792.2 billion in 2021 to reach USD 1,374.2 billion by 2028, showing a CAGR of 8.2% over the course of the forecast period. Growing adoption of cement in construction projects to drive market growth. Fortune Business Insights ™ mentions this information in its report entitled “Ready-mix concrete market size, share and COVID-19 impact analysis, by application (residential, commercial and infrastructure) and regional forecast, 2021-2028.“
Ready-mixed concrete is composed of sand and coarse aggregates and cement (cement paste). It is used in the construction of buildings, roads and bridges. Increased investment in infrastructure development and adoption of better quality building materials is expected to boost adoption of the product. Changing consumer preferences and increasing purchasing capacity are leading to the adoption of high-end housing. This can stimulate the adoption of the product by the construction industry. Cement reduces time consumption and has an excellent shelf life. In addition, its excellent chemical structure and resistance to harsh environments are likely to fuel its adoption in residential and commercial projects. In addition, its adoption of green infrastructure is likely to support market growth.
Highlights of the report
The report provides a detailed analysis of the main segments and the latest trends in the market. It discusses in depth the driving and restraining factors and the impact of COVID-19 on the market. In addition, it examines regional developments and strategies undertaken by major market players.
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Conductors and constraints
Increased adoption in residential sectors to propel market progress
Ready-mixed concrete is widely used in the creation of residential buildings due to its resistance to harsh environments and its ability to strengthen the strength of the building. The growing demand for high quality construction is expected to propel its demand. The incorporation of concrete improves the resistance of the building and strengthens it against damage. Factors such as ease of use and long shelf life are expected to drive its adoption by the construction industry. It reduces the time required to form a mixture and increases the quality of the build. The growing population and the demand for high quality residential buildings are expected to drive the demand for the product. These factors are likely to drive the growth of the ready mix concrete market.
However, the negative effects of the COVID-19 pandemic on construction sectors can hamper product sales, which in turn can hamper market growth.
Availability of bulk raw materials to propel market growth in Asia-Pacific
Asia-Pacific is expected to dominate the ready mix concrete market share due to the availability of plentiful raw materials. Population growth and increasing demand for quality residential construction are driving the demand for ready-mixed concrete in the region. These factors are likely to drive the growth of the market.
In North America, the growing demand for the product from the residential and commercial sectors is likely to propel the market growth. In addition, the growing demand for developed domestic equipment and the increase in spending capacity are expected to strengthen the demand for concrete. These factors are likely to propel the progress of the market.
Leading companies integrate acquisition strategies to strengthen their position
Leading companies operating in the market design acquisition strategies to strengthen their position in the market. For example, LafargeHolcim finalized in August 2018 the acquisition of a major producer of ready-mixed concrete in the United States called Metro Mix, LLC. This strategy could allow the company to strengthen its presence in the country and strengthen its position in the market. In addition, the integration of research and development can enable manufacturers to remedy shortcomings and improve the quality of their products. This strategy can allow manufacturers to improve their brand image.
On the basis of applications, the market is segmented into infrastructure, residential and commercial. Geographically, it is clubbed in North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa.
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List of key players profiled in the market
CEMEX SAB de CV (Mexico)
MI Cement Plant Limited. (Dhaka)
ACC Ltd. (India)
UltraTech Cement Ltd. (India)
Buzzi Unicem SpA (Italy)
RW Sidley, Inc. (US)
HEIDELBERGCEMENT AG (Germany)
Italcementi Group (Italy)
Hanson Cement Ltd. (UK)
American concrete (US)
Key industry development
April 2020- The Hanson Group has supplied ready-mixed concrete to meet the challenges of COVID-19 in Swansea.
Main Table of Contents for the Ready-Mixed Concrete Market:
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