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Ready Mix Concrete Market Trends

Report ID: GMI5901
Published Date: May 2023
Report Format: PDF

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Ready Mix Concrete Market Trends

The ready-mix concrete industry has been divided into four categories based on application: residential, commercial, industrial, and infrastructure. In 2021, Residential Buildings accounted for the greatest segment share because of the increasing urbanization of several countries around the world.

The commercial sector of the ready-mix concrete market is the second-fastest growing. Expanding private sector investments and support from governmental bodies are to blame for the rise in construction possibilities. Roads, railways, bridges, residences, urban infrastructure, the electricity generation sector, and other structures are among these. The speedy construction of all the above structures is the reason for the high demand for this type of concrete. high-end investments from poor countries in urbanization. Both governmental and commercial sectors in countries like China, India, Mexico, and South Korea support this.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of ready mix concrete was reached USD 520.5 billion in 2023 and is estimated to exceed USD 902.2 billion by the end of 2032, due to the increasing number of building projects worldwide.

Transit-mixed concrete segment accounted for 42% of the total market share in 2022, owing to the surging need for lowering the dust pollution worldwide.

Demand for ready mix concrete in the U.S. reached USD 21.78 billion in 2022 and is anticipated to expand at a notable pace from 2023-2032, attributed to the rapidly expanding medical tourism in the region.

CEMEX S.A.B. de C.V., Cementir Holding N.V., U.S. Concrete, Inc., Siam Cement Group, LafargeHolcim Ltd., HeidelbergCement AG, Buzzi Unicem S.p.A., China National Building Material Company Limited, Eurocement Group, and Vicat SA are some major ready mix concrete firms.