Ready Mix Concrete Market Scope
Ready-mix concrete is a concrete mixture prepared in the batch plants by using cement, sands, water & aggregates and other constituents. Each batch & lot of ready-mix concrete is tailor-made according to the requisites of the construction contractor. The rapid growth in construction activities in both the developed and developing countries is acting as a major propellant for the demand of the market
According to AMA, the Global Ready Mix Concrete market is expected to see growth rate of 7.1% and may see market size of USD895.2 Billion by 2026.
Research Analyst at AMA estimates that Global Vendors will contribute to the maximum growth of Global Ready Mix Concrete market throughout the predicted period.
Cemex (Mexico), LafargeHolcim (Switzerland), HeidelbergCement (Germany), Buzzi Unicem (Italy), US Concrete (United States), Votorantim (Brazil), Siam Cement Group (Thailand), CRH Plc (Ireland), Cimpor (Portugal) and China Resources Cement Limited (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Sika (Switzerland), Ultra Tech Cement Limited (India), ACC Limited (India) and Barney & Dickenson Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Ready Mix Concrete market by Type (Transit Mixed Concrete, Shrink Mixed Concrete and Central Mixed Concrete), by Application (Residential, Commercial, Infrastructure and Industrial) and Region with country level break-up.
On the basis of geography, the market of Ready Mix Concrete has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Portugal, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
"The National Ready Mixed Concrete Association (NRMCA) is committed to the protection and restoration of America’s wetland resources, however NRMCA is extremely concerned with the US Environmental Protection Agency's (EPA) proposed jurisdictional rulemaking which would expand the federal authority of the Clean Water Act (CWA) and place an undue burden on ready-mixed concrete operations, aggregate operations and new construction starts and potentially affect groundwater, wash-out ponds, settlement basins and water reclaiming facilities located on ready-mixed concrete plant."
Market Trend
- The Demand for Wastage Reduction, Efficient Utilization, and Low Inventory Costs
- Increasing Trend for Self-Loading Concrete Mixers and Lesser Operation Time
Market Drivers
- An Expansion in Big Infrastructural Projects
- Rapid Urbanization, Advancement of New Urban Cities, And Re-Establishment of Old Foundations
Opportunities
- Various Initiatives by Governments Regarding the Development of Smart Cities
- Rapid Industrialization and Urbanization will Boost the Ready Mix Concrete
Restraints
- High Initial Investments for Setting up Manufacturing Plants
Challenges
- Limited Timespan Efficacy of Ready Mix Concrete
Key Target Audience
Ready to Mix Concrete Manufacturers, Raw Material Suppliers, Government and Private Organisations, Construction Companies, Research and Development Institutes and Others