Ready-mix Concrete Market Size 2023 Future Trends, Dynamic Growth & Forecast To 2030

Сообщение 2023-05-09 05:35:08 · 833 Просмотры

Overview:

The ready-mix concrete market is witnessing a growth in tandem with the construction industry. The product is a blend of cement, water, sand, and aggregates which with the help from transit mixer provides concrete for construction projects. The construction becomes sturdy, strong, and lasts long. As an advantage, these mixes can be used in small quantities and intermittent placings. The global ready-mix concrete market is expected to witness robust growth and touch a commendable valuation mark during the forecast period (2023-2030), reveals Market Research Future (MRFR). The report further includes sectors such as aviation as major trigger for the ready-mix concrete market. In addition, government investment in the construction sector, along with urbanization at a break-neck speed can be considered commendable market influencers. At the same time, wastage reduction, affordable cost, efficient utilization, superior quality, and easy application are some of the features that can guide the ready-mix concrete market in the foreseeable future.

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However, its risk in terms of occupational safety cannot be ignored. Both its manufacturing process and delivery to the construction site can affect health in an adverse way which can, in the long run, impact the ready-mix concrete market.

Segmentation:

The global ready-mix concrete market size can be segmented by production and application.

By production, the ready-mix concrete market can be segmented into on-site and off-site.

Based on application, the ready-mix concrete market can be segmented into residential, commercial, infrastructure, and industrial utilities. Residential segment is witnessing significant growth with the APAC region recording massive rise in residential constructions. The infrastructure sector is also expected to register substantial growth. With governments spending on roads, highways, bridges, and airports, this segment is going to get a constant impetus in terms of investment.

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Regional Analysis:

Focusing on the geographic mapping of the business architecture of the ready-mix concrete market reveals North America, Europe, Asia Pacific (APAC), and Rest-of-the-World (RoW).

The APAC market, in terms of the revenue generated, can be assessed as the market leader. Its revenue generating process would support the segment in maintaining its current market position in the coming years. The region is witnessing outstanding growth in the construction sector. Emerging economies such as India, China, Singapore, and Thailand have become the hotbed for rapidly growing industrialization and urbanization. Furthermore, the processes are getting backed by favorable government policies, cheap resources, and increasing disposable income. With such promises, the APAC market is now luring in giant investors as well.

The market in North America is also witnessing significant growth owing to constant development and upgradation of the infrastructure. Same is true with Europe as well. Furthermore, a number of market titans are from this region which can be a substantial reason behind this region’s extraordinary growth.

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Competitive Insight:

The ready-mix concrete market banks majorly on merger, collaboration, new product launch, and other methods. These strategies play a crucial role in taking the individual companies ahead and helping in the expansion of the market.

Researchers from the University of Exeter have revealed a new form of ready-mix concrete that will have graphene incorporated in the system with the help of nanoengineering. The resultant product will be both eco-friendly and stronger than the traditional ready-mix concretes.

UltraTech has shown its interest in buying Century Textiles’ cement business in 2018. The concept has already got a green signal from the significant members of their managing committee. This would help them in getting a wider market acceptance.

The key players of global ready-mix concrete market are ACC Limited (India), Vicat SA (France), Lafarge (France), Buzzi Unicem S.p.A. (Italy), Barney & Dickenson, Inc. (U.S.), R.W. Sidley, Inc. (U.S.), CEMEX S.A.B. de C.V. (Mexico), Italcementi Group (Italy), UltraTech Cement Limited (India), Holcim Ltd. (Switzerland), Heidelberg Cement (Germany), and others.

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