Questions? +1 (202) 335-3939 Login
Trusted News Since 1995
A service for energy industry professionals · Friday, March 29, 2024 · 699,695,076 Articles · 3+ Million Readers

Ready-mix Concrete Market is Set to Reach a Valuation in Excess of US$ 61.7 Billion by 2032 | Future Market Insights, Inc.

Governmental Initiatives toward the Development of Affordable Housing to be the Key Factor Expected to Assist the Consumption Growth of Ready-Mix Concrete. Increase in demand for versatile building materials and rise in concern toward robust construction drive the growth of the global ready-mix concrete market

/EIN News/ -- DUBAI, United Arab Emirates, March 20, 2023 (GLOBE NEWSWIRE) -- The global ready-mix concrete market stands at US$ 46.9 Billion as of now and is expected to reach US$ 61.7 Billion by the year 2032 at a stellar CAGR of 13.2% between 2022 and 2032.The developing economies are subject to rising urbanization, which is, in turn, asking for constructive expansion of the building & construction vertical.

The United Nations 2030 estimates say that urban population all across India would grow by an astonishing 165 Million by the year 2030. Also, FMI Global Housing Watch states that residential real estate all across did generate almost US$ 221.6 Billion in the year 2019, thereby witnessing a Y-o-Y rate of 12%.

Overall, multi-billion-dollar infrastructure schemes are turning out to be the norm as governments are striving to keep up with the growth, raising standards of living, and facilitating financial development.

The projects like Asia – Belt and Road Initiative in China, Sydney Metro in Australia, Africa – Lagos-Kano Railway in Nigeria, South America – 4G Roads and Highway Program in Columbia, and North America – California High-Speed Rail in the US could be referred to as mega infrastructural projects that could direct the ready-mix concrete market towards exponential growth in the upcoming period.

For details on vendors and their offerings – Request a sample report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-8592

At the same time, the fact that initial investments pertaining to ready-mix concrete plants are high cannot be ignored. This could be credited to marked difference in prices of land and raw materials’ availability. Plus, effective transportation is needed to the site, which adds to the overheads.

As such, those handling small projects may have to give a second thought in this regard. Future Market Insights has walked through these facts with insights in its latest market study entitled ‘Ready-Mix Concrete Market’.

Key Takeaways from Ready-Mix Concrete Market

  • North America contributes for more than 60% of the overall market share. This could be attributed to increasing frequency of renovations in Canada and the US. The US Commerce Department says that spending on construction increased by 1.8% in March 2020 alone. Plus, modernization of infrastructure is on the anvil.
  • Europe is expected to stand second on this count on the grounds mentioned above.
  • The Asia-Pacific is expected to witness a robust CAGR of ~8% in the forecast period. This could be reasoned with development in infrastructure in Thailand, China, India, and Singapore.

“Delivery of ready-mix concrete via transit mixer does facilitate implementing accurate concrete in building and construction, thereby rendering it strong and long-lasting. This factor is expected to keep the cash registers ringing for ready-mix concrete market in the near future”, says an analyst from Future Market Insights.

Use promo code ->> FMITODAY to Get Flat 20% discount

Competitive Landscape

  • UltraTech, in May 2020, did develop the in-house technology for collecting the concrete left behind at construction sites and converting them into slurry to recycle in the ready-mix concrete. This plant technology comes across as an automated thing and is environmentally-friendly in entirety, as it does away with water or solid waste.
  • Hanson Group, in April 2020, did supply ready-mix concrete for converting it into an NHS filed hospital to treat and care for patients contracting coronavirus.
  • Heidelberg Cement, in March 2021, entered into partnership with Thoma Bravo to invest in Command Alkon for building digital ecosystem for ‘heavy building materials’ vertical.
  • ACC, in March 2021, put forth Global green concrete ‘ECOPact’ in Kolkata, India.
  • CEMEX, S.A.B. de C.V., in February 2021, did announce its expansion of the US operations to strengthen the network in Texas by acquiring ready-mix business.

Key Companies Profiled:

  • CEMEX S.A.B. de C.V.
  • Vicat SA
  • Ultra Tech Cement Limited
  • Lafarge
  • ACC Limited
  • Barney & Dickenson, Inc.
  • SIKA Group
  • Heidelberg Cement
  • Holcim Ltd.
  • Italcementi Group

Know more about this market's geographical distribution along with a detailed analysis of the top regions @  https://www.futuremarketinsights.com/reports/ready-mix-concrete-market

Key Segments Profiled in the Ready-mix Concrete Industry Survey

By Production:

  • On-Site
  • Off –Site

By Product Type:

  • Residential
  • Non-Residential
  • Infrastructural
  • Commercial
  • Industrial

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East and Africa

Expand operations in the future - To get requisite details, ask for a custom reporthttps://www.futuremarketinsights.com/customization-available/rep-gb-8592

What encompasses the Ready-Mix Concrete Market?

  • Future Market Insights offers an exclusive perspective and various real-time insights on the ready-mix concrete market in its latest study, presenting historical demand assessment of 2016 – 2021 and projections for 2022 – 2032.
  • The research study is based on production (onsite and off-site), and by product type (residential, non-residential, infrastructural, commercial, and industrial).
  • Advantages like curtailed cost on the part of sight supervision and labor along with simplistic pouring methods are expected to draw more end-customers to the ready-mix concrete market going forward.

Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity 

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

To Continue TOC…         

Explore FMI’s Extensive Ongoing Coverage on Chemicals & Materials Domain

Concrete Floor Coatings Market: In concrete floor coatings, various types of products and systems are used to cover the surface of concrete to protect it and improve its aesthetic look. It also helps in reduction of cracking of concrete and thereby maintenance cost.

Concrete Densifier Market: Earlier, concrete densifiers were not a viable solution for sealing, hardening, protecting and covering industrial concrete floors. However, these days, concrete densifiers have begun to utilize siliconate and silicate enhanced agents.

Concrete Admixture Market: The global demand for concrete admixture is expected to rise at a healthy CAGR of 6.1% per year to US$ 15.1 billion in 2022. In the coming years, the residential requirements are expected to grow as a result of a growing middle class and government initiatives such as stricter requirements for contractor quality.

Gadolinium Market - Global Gadolinium demand is anticipated to be valued at US$ 5.3 Billion in 2022, forecast to grow at a CAGR of 5.2%to be valued at US$ 8.8 Billion from 2022 to 2032.

Butyraldehyde Market - During the forecast period from 2022-2032, the market for butyraldehyde is expected to grow at a CAGR of more than 6%. The market is expected to be valued at US$ 200 Million in 2022, and is expected to reach a value of US$ 360 Million.

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
LinkedInTwitterBlogs | YouTube
For Sales Enquiries: sales@futuremarketinsights.com


Primary Logo

Powered by EIN News
Distribution channels: Book Publishing Industry


EIN Presswire does not exercise editorial control over third-party content provided, uploaded, published, or distributed by users of EIN Presswire. We are a distributor, not a publisher, of 3rd party content. Such content may contain the views, opinions, statements, offers, and other material of the respective users, suppliers, participants, or authors.

Submit your press release