Ready Mix Concrete Market
Ready Mix Concrete market research study delivers reliable and accurate forecast, market projection, key industry trends, impact of regulations, and insights on company strategy and future developments.
Global Market Study on Ready-Mix Concrete: Affordable Housing Initiatives by Governments Remain Important Revenue Booster
- Report code : PMRREP28510 |
- Industry : Chemicals and Nanomaterials |
- Published On : May-2019 |
- Pages : 266 Pages |
- Format :
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 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?
Persistence Market Research (PMR) provides an exclusive analysis of the global ready-mix concrete market, in its revised report titled, 'Ready-Mix Concrete Market: Global Industry Analysis 2014–2018 and Forecast 2019–2029'. The main aim of this report is to offer an exhaustive analysis and insights pertaining to the ready-mix concrete market. This report offers a comprehensive analysis of the global ready-mix concrete market in terms of market value (US$ Mn) and year-wise (Y-o-Y) growth in the global ready-mix concrete market on the basis of type and end use. The study considers 2018 as the base year, with ready-mix concrete market values estimated for 2019, and a forecast developed for the duration of 2019 to 2029. The compound average growth rate (CAGR) has been represented from 2019 to 2029.
The study covers the ready-mix concrete market dynamics, value chain analysis, supply chain analysis, and industry growth analysis, along with segmental-level projections in a comprehensive manner. As per industry experts and findings of the report, the global ready-mix concrete market is expected to witness a significant growth rate in the near future, and is anticipated to grow at a CAGR of over 7% between 2019 and 2029.
The research report on the ready-mix concrete market analyses the market on a global as well as regional level, through market segmentation on the basis of type and end use. The key objective of the ready-mix concrete market report is to offer insights on competition positioning, current trends, market potential, statistics, and other relevant information in a suitable manner to readers and prominent stakeholders involved in the global ready-mix concrete market.
The report has been structured to facilitate readers to develop a deep understanding of the ready-mix concrete market. The report begins with an executive summary, followed by ready-mix concrete market definitions, market taxonomy, background and macro-economic factors, market dynamics and analysis of the market by key segments, regional market analysis, and competition assessment. Each section of the report covers a qualitative as well as quantitative assessment of the ready-mix concrete market on the basis of historical trends, key facts, opinions collected from market participants through interviews, and key developments in the ready-mix concrete market.
Ready-Mix Concrete Market: Segmentation
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By Type |
By End Use |
By Region |
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In the third section, the report describes the key developments and trends in the ready-mix concrete market.
The next section of the report provides volume (‘000 cubic meters) and value (US$ Mn) projections for the ready-mix concrete market, and absolute $ opportunity analysis on a global level.
The next section of the report includes macro-economic factors such as global economic outlook, industry value added growth, global GDP outlook, construction spending overview, supply-demand scenario, forecast factors, raw materials requirement overview, overview of ready-mix concrete plant, technology development/roadmap, supply chain analysis, value chain analysis, overview of upcoming residential and infrastructure projects, market dynamics, etc.
The subsequent section highlights the ready-mix concrete market sizing by respective segments on a global level. The global ready-mix concrete market values represented in these sections have been agglomerated by collecting the information and data on a regional level. Information of the ready-mix concrete market covers unique analysis frameworks such as absolute $ opportunity analysis, year-on-year growth trend comparison, market share, and attractiveness analysis for each of the sub-types of the segments.
The subsequent section of the report presents a summarized view of the global ready-mix concrete market based on seven prominent regions considered in the study. The market analysis section of the report covers market projections, market share analysis, market attractiveness analysis, Y-o-Y growth trends, and incremental $ opportunity assessment.
All the above sections evaluate the present market scenario and growth prospects in the global ready-mix concrete market.
Market numbers, on a regional as well as country level, for various segments, have been estimated through a combination of secondary and primary researches among the target countries. Key sources referred to arrive at the global ready-mix concrete market size include ready-mix concrete manufacturers, industry associations and experts, documents available through the public domain, paid databases, and PMR’s in-house data repository.
In order to offer an accurate ready-mix concrete market forecast, PMR’s proprietary regression analysis forecast model was then utilized to derive the market estimation for the forecast years, which takes into account the effects of certain macro-economic factors and direct factors on the global and regional target (ready-mix concrete) markets. Opinions of market participants about various geographies and segments were also taken into account while forecasting the ready-mix concrete market size.
In the final section of the report, a list of ready-mix concrete manufacturers and a competition landscape of the ready-mix concrete market have been included to provide report audiences with a dashboard view categorized on the basis of providers in the value chain, their ready-mix concrete market presence, and key strategies being adopted related to ready-mix concrete in the market. Detailed profiles of the manufacturers of ready-mix concrete have also been included in the scope of the report to evaluate their recent developments and key offerings in the ready-mix concrete market.
Companies covered in Ready Mix Concrete Market Report
Company Profiles:
- 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.
