Latest News- Ready-Mix Concrete Market: Transit mix concrete is expected to lead the Type segment during 2025-2029

The Ready-Mix Concrete Market is being driven by Growing construction market

The Ready-Mix Concrete Market is expected to grow at a CAGR of 5.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 294.4 billion. Economic growth and urbanization in key markets such as India, Vietnam, Malaysia, China, and Qatar have significantly increased consumer disposable income. This trend, in turn, has boosted purchasing power and fueled demand for residential and non-residential infrastructure projects. The construction industry is poised for growth in these regions, creating a positive outlook for the global ready-mix concrete market. The escalating global population further underscores the necessity for infrastructure development, ensuring a steady demand for ready-mix concrete throughout the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Transit mix concrete
  • Central mix and shrink mix concrete
• Application
  • Non-residential
  • Residential
• Production Area
  • On-site
  • Off-site
• Geography
  • APAC
    • China
    • India
    • Japan
  • Middle East and Africa
    • South Africa
  • Europe
    • Germany
    • UK
  • North America
    • Canada
    • US
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing construction market
• High preference for ready-mix concrete
• Rising demand for ready-mix concrete for non-residential application

However, the market also witnesses some limitations, which are as follows:

• Presence of stringent regulations related to raw materials of concrete
• High operating cost of ready-mix-concrete
• Availability of green substitutes as alternative to ready-mix-concrete

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Market Scope in Ready-Mix Concrete Market Research Report

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Research Analysis Overview

The Ready-Mix Concrete (RMC) market encompasses the production and supply of concrete with optimal material properties for superior performance. This involves efficient mixing, various placing methods, and finishing techniques. Curing practices ensure quality standards, while strength testing and durability assessment ensure structural integrity. Cost optimization and waste reduction are key considerations, along with sustainability measures such as aggregate selection, cement type, and admixture use. Thermal properties, hydraulic conductivity, and performance criteria influence service life, chemical resistance, and strength gain. Volume change, creep and shrinkage, carbon footprint, energy consumption, supply chain, concrete technology, structural design, and material selection are also crucial factors.

Market Research Overview

The Ready-Mix Concrete (RMC) market is a significant segment of the larger global construction materials market. Key components of RMC production include concrete mix design, aggregate gradation, cement hydration, slump testing, and compressive strength. The parent construction materials market encompasses manufacturers and providers of various materials such as sand, clay, gypsum, lime, aggregates, cement, concrete, bricks, and others. Market growth is driven by the upsurge in the building and construction industry, which has experienced notable expansion in recent years and is projected to continue this trend. The global construction materials market size includes revenues generated from the chemicals, construction materials, containers and packaging, metals and mining, and paper and forest products sectors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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Website: www.technavio.com/