Ready-mix Concrete Market to Exhibit a CAGR of 9.1% from 2025 to 2032; LafargeHolcim Announced the Acquisition of Metro Mix, LLC to Boost its Position in the U.S.

The global ready-mix concrete market size was USD 998.69 billion in 2024. The market is projected to grow from USD 1,081.35 billion in 2025 to USD 2,006.52 billion by 2032 at a CAGR of 9.1% during the forecast period. Fortune Business Insights™ presents this information in its report titled “Ready-Mix Concrete Market Size, Share & Industry Analysis, By Type (Transit Mix, Central Mix, and Shrink Mix), By Application (Residential, Commercial, and Infrastructure), and Regional Forecast, 2025-2032”

Ready-mix concrete (RMC) is a material used in construction. It is made of fine aggregates such as coarse aggregates and sand mixed along with water that cures with time and cement (cement paste). The expansion of the construction industry is boosting the market growth.

The market witnessed a temporary stoppage in activities across different industries, including construction, due to the COVID-19 pandemic. In addition, companies were compelled to postpone their project plans due to the implementation of social distancing and lockdowns globally, which resulted in restrictions on travel for workers and laborers. Despite this, the market witnessed recovery after the normalization of construction activities.

LafargeHolcim Unveiled the Acquisition of Metro Mix to Strengthen Its Position

In August 2018, LafargeHolcim announced the acquisition of Metro Mix, LLC, a ready-mix concrete provider in Colorado. Through this acquisition, the company enhanced its position in the U.S. Moreover, the company was already conducting its operations pertaining to ready-mix concrete, asphalt, aggregates, and cement in the country.

Market Value to Grow Owing to Product Uptake in Green Constructions for Sustainable Development

RMC manufacturers are making considerable efforts to decrease the emissions of greenhouse gases (GHG) by increasing the additive percentage, such as fly ash/slag. This measure is being carried out for the reduction of consumption of ordinary Portland cement while enhancing the energy efficiency of the process. Thus, these factors are contributing to ready-mix concrete market growth.

Despite such growth opportunities, the prohibitive cost of the product on account of large initial investments may impede the market expansion. Regulatory compliances must be met by players pertaining to the control of emissions, which adds to the cost of the product.

Top Players Emphasize Product Innovations to Gain a Competitive Edge

Many strategies have been deployed by prominent companies, including partnerships, hiring distributors and suppliers, mergers, acquisitions, and investment & divestment for the market growth. Highly improved product portfolios, which are inclusive of admixtures and additives for quick curing time, are provided by medium, small, and large-scale companies. Several companies are investing huge amounts in research and development for the launch of innovative products.

Key Industry Development

• May 2023: UltraTech unveiled that it has developed its in-house technology that can accumulate all the remaining concrete from construction sites while converting it into slurry for recycling in ready-mix concrete. Any water or solid waste cannot be disposed of by this automated plant technology; hence, it is completely environmentally friendly.

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

List of Key Players

• CEMEX S.A.B. de C.V.(Mexico)
• M. I. Cement Factory Limited. (Bangladesh)
• 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 Asia Pacific registers the largest ready-mix concrete market share. The heightened development of infrastructure, coupled with the construction of new manufacturing facilities in developing countries, is expediting the regional growth.
• North America market growth is driven by the supportive regulations by the government over construction schemes and policies.
• With respect to application, commercial segment holds the largest share in the market on account of the growing urbanization in many nations across the globe. This can be credited to the construction of several private sector companies, including hotels, restaurants, and shopping malls.

Table of Segmentation