The Global Market for Ready-Mix Concrete is Projected to Reach 6.4 Billion Cubic Meters by 2024
Focus on Efficient Construction Project Deliverance Drives
Demand for Ready-Mix Concrete, According to a New Report by Global Industry Analysts, Inc.
GIA launches comprehensive
analysis of industry segments, trends, growth drivers, market size, share and
demand forecasts on the global Ready-Mix Concrete market. The global market for Ready-Mix Concrete is projected
to reach 6.4 billion cubic meters by 2024, driven by the growing size and complexity of construction projects,
critical time schedules for project completion, emphasis on quality, tight and
competitive project budgets and the resulting need for efficient ways for
project execution.
Ready-mix concrete (RMC),
a ready to use material that contains predetermined combination of aggregates,
sand, water and cement, represents one of the key building materials for residential,
commercial and infrastructure projects. Ready-mix concrete is mainly useful for buildings
that are situated in congested locations that provide little space for storing
aggregates and mixer siting. Key benefits
of RMC driving adoption worldwide include reduced labor and supervising costs, reduced
consumption of cement by eliminating wastages associated with bulk handling, consistency
in quality as mixture ratio of sand aggregates and water are subject to computerized
control, and reduced environmental pollution, among others. The market is more
prominent in developed regions including the United States, and most of the
Western European regions such as France, Germany, Italy, the UK, and Spain.
Improving economic growth as mirrored by the steady rise in global GDP, recovery
in consumer confidence and resurgent construction activity across the world
continues to drive the demand for RMC, worldwide.
Demand
for innovative ready mix concreter materials such as self-compacting concrete
(SCC) and ultra-high strength concrete is expected to drive further growth in
the RMC market. The market is also expected
to benefit from strong
demand for architectural mixes that enable creation of architectural frameworks
with enhanced aesthetic appearance and fibre reinforced ready-mix concretes. Increase in number of high-rise building projects in both developed
and developing countries is expected to augment the demand for high performance
concrete with good flowability characteristics.
As stated by the new
market research report on Ready-Mix Concrete, Asia-Pacific represents the largest and the fastest growing market
worldwide with a CAGR of 9.3% through the analysis period. Few of the factors driving
growth in the region include massive growth in massive growth in infrastructure
sector supported favorable economic development policies; stringent standards
for quality, durability and service life of structures; growing competitive
bidding of construction projects and the resulting emphasis on project cost
optimization; and developments in ready-mix concrete supply chain that help
ensure timely delivery of cement. In the Middle East, countries such as Qatar and Dubai
continue to push numerous multi-billion infrastructure development projects,
undeterred by the weakness in oil prices.
Major players in the market
include ACC Limited, Barney & Dickenson Inc., Buzzi Unicem SpA, CEMEX
S.A.B. DE C.V., CRH plc, Dillon Bros Ready Mix Concrete LLC, HeidelbergCement
AG, Hanson UK, LafargeHolcim Ltd., Livingston's Concrete Service Inc., Martin
Marietta Materials Inc., Prism Cement Limited, R.W. Sidley Inc., U.S. Concrete
Inc., UltraTech Cement Ltd., Vicat SA and Vulcan Materials Company, among
others.
The research report titled
“Ready-Mix Concrete: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides
a comprehensive review of market
trends, issues, drivers, mergers, acquisitions and other strategic industry
activities of global companies. The report provides market estimates and
projections for Position Sensors in value terms for all major geographic
markets such as United States, Canada, Japan, Europe (France, Germany, Italy,
UK, Spain, Russia, Turkey and Rest of Europe), Asia-Pacific (China, India,
South Korea and Rest of Asia-Pacific), Middle East & Africa, and Latin
America. Global market analytics are further analyzed by segments: Commercial,
Residential and Others.
Global
Industry Analysts, Inc. 6150 Hellyer Ave., San Jose CA 95138, USA, All Rights
Reserved.
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