Ready-mix Concrete Market to Gain an Upward Trend in Upcoming Years

Posted by Market Research Future on May 31st, 2018

Market Overview:

Market Research Future published a raw research report on Global Ready-mix concrete Market that contains the information from 2014 to 2023. Global Ready-mix concrete Market is expected to grow at CAGR ~8.02% from 2017 to 2023.

Concrete is the world’s most widely used construction materials, due to its versatility and durability. With increased focus on infrastructure and housing activities, use of concrete in various forms is increasing day by day. For sustainability of construction, proper quality of desired grade and optimum performance of concrete is of chief importance. Ready-mixed concrete that is batched in a controlled environment at a central plant instead of being mixed on the job site, is always a better option.

RMC is a mixture of cement, supplementary materials, aggregates, water and mixtures in defined proportions. The quality of the finished product depends upon a lot of factors, including capability of a plant in terms of machineries, plants, technical man power and adoption of proper quality assurance system. This highlights the need of developing a framework of quality parameters for RMC.

On the basis of application, the global ready-mix concrete market can be segmented as commercial building, industrial utilities, residential buildings, and infrastructure. The construction of highways, renovation of airports, and construction of dams will lead to the rapid growth of the infrastructure segment. The rise in the budget allocations by governments for infrastructure development will also prove to be beneficial. Commercial applications will witness considerable volume growth at ~ 7.6% CAGR from 2017 to 2023 Growing population and rapid economic development in emerging countries including China, South Korea, and India are expected to propel the demand for construction of commercial buildings such as shopping malls, schools, offices, colleges, banks, and hospitals.

Major government initiatives including the development of 100 smart cities in India, revival of 160 Indian airports and Silk Road Project of China are expected to create immense growth potential. Moreover, rising government spending for the development of government offices and buildings will augment the ready-mix concrete demand over the forecast period.

Builders have traditionally preferred to use on-site mix rather than ready-mix concrete, though the use of ready-mix concrete is increasing as the industry dynamics are changing. The acceptance of ready-mixed cement is particularly strong in urban centers. The reliability of supply, and consistent quality of ready-mixed concrete are the main reasons for the increasing popularity of the product, as these product features improve the productivity of builders. 

The ready-mixed concrete industry consumes about 75% of the cement shipped in the U.S. Besides Portland and blended cement, it uses a large quantity of industrial by product material that would otherwise be considered waste products.

Growing population and increasing disposable income in China and India will drive residential construction growth, which in turn will spur the demand for RMC. Moreover, establishment of manufacturing facilities and power plants to keep up with the growing demand for energy on a global scale, will further stimulate the product requirement over the forecast period.

Ask for your specific company profile and country level customization on reports.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), HeidelbergCement (Germany)

This research report provides insights, on various levels of analysis such as industry analysis, and market share analysis for the leading players along with their profiles. It also helps in studying the target segments by providing views on emerging & high-growth segments. The market data comprises the basic assessment of the competitive scenarios & strategies in the global Ready-mix concrete market, including high-growth regions and/or countries, and political, & economic environments. The project report, further, provides views on both the historical market values and pricing & cost analysis.

Browse Full Report @ https://www.marketresearchfuture.com/reports/ready-mix-concrete-market-5373