Ready-mix Concrete Market (Application - Commercial Building, Residential Building, Industrial Utilities, and Infrastructure): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

A recent report published by Infinium Global Research on ready-mix concrete market provides in-depth analysis of segments and sub-segments in the global as well as regional ready-mix concrete market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional ready-mix concrete market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global ready-mix concrete market. According to the report, the global ready-mix concrete market is projected to grow at a CAGR of 8.9% over the forecast period of 2019-2025.

Market Insight

Ready-mix concrete is a mixture of cement, aggregates, supplementary materials, water in defined proportions. The proportion of all ingredients is important to get the targeted strength and durability. Infrastructure development is a major factor in driving market growth. Companies operating in the global ready-mix concrete market are adopting strategies such as mergers, acquisitions, and new product launches that maximize their market share.

The initiation of smart cities program with good infrastructure, by the government to offer a high quality of life drives the growth of the ready-mix concrete market. Ready-mix concrete is preferred over traditional concrete as it provides greater convenience, ease of use, and better quality. The rising Foreign Direct Investment (FDI) and Public Private Partnership (PPP) projects in the construction of infrastructure projects contribute to the growth of the ready-mix concrete market. Time constraints in infrastructure development projects in urban areas boost the demand for the ready-mix concrete market. Furthermore, rapid urbanization, growing population, and government infrastructural plans propel the growth of the ready-mix concrete market. On the flip side, the high initial investment required to set up RMC production plants hinders the growth of the ready-mix concrete market. Moreover, infrastructural development in emerging economies creates novel opportunities for the growth of the ready-mix concrete market.

Based on geography, the global ready-mix concrete market is divided into North America, Asia-Pacific, Europe, and the Rest of the World. Asia-Pacific region is expected to hold a premium share in the global ready-mix concrete market. The increasing number of infrastructural projects in developing countries such as India, China contributes to the growth of the ready-mix concrete market in the Asia-Pacific region. North America is anticipated to grow in the global ready-mix concrete market with a healthy CAGR over the forecast period. Europe is growing in the global ready-mix concrete market.

Segment Covered

The report on global ready-mix concrete market covers segments such as application. On the basis of application, the sub-markets include commercial building, residential building, industrial utilities, and infrastructure.

Companies Profiled:

The report provides profiles of the companies in the market such as Ultra-Tech Cement Limited, Hanson Ltd., Barney & Dickenson, Inc., Buzzi Unicem S.p.A., LafargeHolcim Ltd., Dilon Bros Ready Mix Concrete, LLC, Vicat S.A., ACC Ltd., CEMEX S.A.B.de C.V., R.W. Sidley, Inc., and Other Companies.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of ready-mix concrete market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.