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Ready-Mix Concrete Market Segmented By Accelerated Set, Architectural, Fiber-reinforced, Flowable Fill/CLSM, Standard Type Used in Infrastructure, Industrial, Commercial and Institutional, Residential
The ready-mix concrete market report by Persistence Market Research provides information about the market dynamics, key trend and developments, supply-demand scenario, raw material analysis, value chain and supply chain analysis, upcoming and ongoing construction projects, and forecast factors in the global ready-mix concrete market for the period of study - 2019-2029
Global ready-mix concrete consumption was pegged at 1,697.2 Mn cubic meters at the end of 2018, and is expected to grow and reach more than 3,500 Mn cubic meters by the end of 2029.
Regional governments, primarily in emerging economies, are aiming to achieve continuous modernization in order to address infrastructural deficits, as well as improve their education and healthcare systems and sanitation and water standards. In line with this agenda, respective governments are laying emphasis on strengthening solutions for sustainable mining, and increase automation, productivity, and safety.
This, in turn, is expected to increase the demand for ready-mix concrete across the globe. In the recent past, Latin American countries such as Peru have unused potential of 69,000 MW of water and 77,000 MW of wind power. The government has been strategically focusing on exploiting these opportunities by increasing investments on interconnection plans with Chile.
Key players involved in the production of ready-mix concrete are continuously focusing on long-term supply contracts, acquisitions, and technological advancements in the product. Further, some players are involved in the development of mobile ready-mix concrete plants at large construction sites in order to supply the concrete at the right time.
For instance, in January 2019, Vicat S.A. announced the acquisition of Ciplan (A Brazil-based cement producer). The company sold 4.2 Mn cubic meters of ready-mix concrete in 2018.
Based on type, the global ready-mix concrete market has been segmented into accelerated set, architectural, fiber-reinforced, flowable fill/CLSM, and standard. The standard concrete segment is expected to account for a lion’s share in the global ready-mix concrete market by the end of 2029. Standard concrete utilizes ready-mix concrete ingredients in a pre-defined fixed proportion, and is also one of the most commonly utilized concretes for multiple purposes.
The fiber-reinforced ready-mix concrete segment is expected to create more than 2/5 of the overall incremental opportunity during the forecast period.
Rising investments in infrastructural development and increasing foreign direct investments in countries such as India and China are found to be the key factors expected to push the demand for building insulation materials, and, in turn, escalate the growth of the ready-mix concrete market, particularly in South Asia and East Asia.
In terms of both, market volume as well as volume, East Asia is expected to account for a prominent share in the global ready-mix concrete market by the end of 2019. The ready-mix concrete market in the North American region is projected to experience below-average growth during the forecast years.
Some of the market players included in the global ready-mix concrete market report are CEMEX S.A.B. de C.V., HeidelbergCement AG, LafargeHolcim Ltd., CRH plc, Martin Marietta Inc., Vulcan Materials Company, Vicat S.A., Votorantim Cimentos, Dillon Bros Concrete LLC, RDC Concrete (India) Pvt. Ltd., UltraTech Cement Ltd., ACC Limited, Prism Johnson Limited, Nuvoco Vistas Corp Ltd., Skyway RMC Plants Private Limited, CONCRETE INDIA, RayMix Concrete India Pvt Ltd., etc.
The global ready-mix concrete market has witnessed various technological as well as strategic developments in the recent past. Merger and acquisition activities and supply contracts with major end-users are found to be the key focus areas of ready-mix concrete producers across the globe.
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