Ready Mix Concrete Market

Governmental Initiatives toward the Development of Affordable Housing to be the Key Factor Expected to Assist the Consumption Growth of Ready-Mix Concrete

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 Governmental Reforms for Increasing Investments in Infrastructural Projects to Promote the Demand for Ready-Mix Concrete in the Coming Years

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.

Strategic Acquisitions, Technological Advancements, and Long-term Supply Contracts – Area of Focus for Ready-Mix Concrete Producers

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.

Standard Ready-Mix Concrete – Key Segment for the Ready-Mix Concrete Market

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.

South Asia and East Asia to Assist Market Growth in the Near Future

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.

Ready-Mix Concrete Market – Competitive Landscape

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.

• In February 2019, LafargeHolcim was awarded with a major long-term contract of nearly US$ 125 Mn as a part of the Grand Paris Express (GPE) project.
• In June 2017, Martin Marietta, Inc. announced the acquisition of one of the prominent aggregate suppliers based in the U.S. - Bluegrass Materials Company.

Key Questions Answered in the Report

• How has the ready-mix concrete market evolved in the past 4 years?
• How is the ready-mix concrete market expected to take shape in terms of value and volume over the next decade?
• What are the key trends and competition developments identified in the global ready-mix concrete market?
• What are the market dynamics in the global ready-mix concrete market?
• What are the key challenges for ready-mix concrete producers?
• What is the market share of the top players in the global ready-mix concrete market?
• Who are the regional and local players involved in the production of ready-mix concrete?
• By region, what is the market presence of prominent companies in the ready-mix concrete market?

Ready-Mix Concrete Market: Segmentation