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Ready-mix Concrete Market to Surge Rapidly; Robust Demand from Green Constructions to Propel Industry Development

November 11, 2021 | Chemicals & Materials

The global ready-mix concrete market size is expected to exhibit substantial growth by reaching USD 1,374.2 billion by 2028, exhibiting a CAGR of 8.2% during 2021-2028. Fortune Business Insights™, in its report, titled, "Ready-Mix Concrete Market Size, Share & COVID-19 Impact Analysis, By Application (Residential, Commercial, and Infrastructure), and Regional Forecast, 2021-2028", mentions that the market size was USD 735.9 billion in 2020 and USD 792.2 billion in 2021. The rising adoption of cement in construction projects and robust demand from green constructions are expected to boost market growth during the upcoming years. 


ACC Limited and Ambuja Limited Collaborated to Support Workers during Pandemic


ACC Limited and Ambuja Limited collaborated in April 2020 to support patients affected by the COVID-19 pandemic. The company incorporated over 3.30 crores rupees to over 3 NGOs for supporting workers, migrants, laborers, and slum-dwellers. Through this collaboration, the company supported Goonj, Mumbai Roti Bank, and Praja Foundation. This strategy may enable the company to attract consumer attention and support workers. This strategy may enable the companies to improve their brand image. 


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/ready-mix-concrete-market-103281


Significant Investments in Infrastructure Development and Emergence of Green Buildings to Fuel Market Growth


Increasing investments in the development of infrastructure facilities are likely to boost ready-mix concrete demand. The rising population in developing countries is likely to boost all construction projects. It simplifies construction and reduces costs during construction. Its resistance to harsh environments and ability to reinforce the building's strength is likely to fuel the product's sales. Further, it is used in several green infrastructures because of its structure and long shelf-life. Its incorporation in residential constructions is expected to boost its adoption. In addition, increasing government investments in the development of infrastructure is expected to boost the ready-mix concrete market growth. 


Key Players Incorporate Acquisition Strategies to Reinforce Market Position


Prominent companies operating in the market devise acquisition strategies to reinforce their market position. For example, LafargeHolcim completed the acquisition of a leading producer of ready-mix concrete in the U.S. named Metro Mix, LLC in August 2018. This strategy may enable the company to strengthen its presence in the country and boost its market position. Further, the incorporation of research and development may enable manufacturers to tackle shortcomings and boost their product quality. This strategy may enable manufacturers to improve their brand image. 


Industry Development



  • May 2020: UltraTech made an in-house technology to develop recyclable concrete by collecting remains on construction sites. It is an automated and eco-friendly solution that does not dispose of liquid or solid waste. 


List of Key Players Profiled in the Market Report



  • CEMEX S.A.B. de C.V.(Mexico)

  • M. I. Cement Factory Limited. (Dhaka)

  • ACC Ltd.(India)

  • UltraTech Cement Ltd. (India)

  • LafargeHolcim (Switzerland)

  • Buzzi Unicem SpA (Italy)

  • R. W. Sidley, Inc. (U.S.)

  • HEIDELBERGCEMENT AG (Germany)

  • Italcementi Group (Italy)

  • Hanson Cement Ltd. (U.K.)

  • U.S. Concrete (U.S.)


Further Report Findings-



  • The market in Asia Pacific stood at USD 255.38 in 2020 and is projected to gain the largest portion of the global ready-mix concrete market share because of the availability of raw materials in abundance. The rising demand for high-quality constructions is expected to bolster the production of concrete in the region. 

  • Further, the rising population and increasing demand for high-quality residential constructions foster the demand for ready-mix concrete. Increasing population, changing lifestyle, and increased spending capacity are likely to boost market progress in the region. 

  • As per the analysis, the commercial segment is expected to lead the market growth because of rapid urbanization globally. The establishment of several private companies such as restaurants, hotels, and shopping malls is expected to boost market progress.


Table of Segmentation









































Ready-Mix Concrete Market Scope



Study Period



2017-2028



Base Year



2020



Forecast Period



2021-2028



Historical Period



2017-2019



Unit



Value (USD Billion); Volume (Million Ton)



Segmentation



By Application, and By Geography



By Application




  • Residential

  • Commercial

  • Infrastructure



By Geography




  • North America (By Application)

    • U.S. (By Application)

    • Canada (By Application)



  • Europe (By Application)

    • Germany (By Application)

    • France (By Application)

    • U.K. (By Application)

    • Italy (By Application)

    • Spain (By Application)

    • Rest of Europe (By Application)



  • Asia Pacific (By Application)

    • China (By Application)

    • India (By Application)

    • Japan (By Application)

    • Australia (By Application)

    • South Korea (By Application)

    • Rest of Asia Pacific (By Application)



  • Latin America (By Application)

    • Brazil (By Application)

    • Mexico (By Application)

    • Argentina (By Application)

    • Rest of Latin America (By Application)



  • Middle East & Africa (By Application)

    • South Africa (By Application)

    • Saudi Arabia (By Application)

    • UAE (By Application)

    • Egypt (By Application)

    • Rest of Middle East & Africa (By Application)




Global Ready-mix Concrete Market
  • PDF
  • 2020
  • 2017-2019
  • 270

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