The Ready Mix Concrete Market in India is being driven by High preference for ready mix concrete
The Ready Mix Concrete Market in India is expected to grow at a CAGR of 4.7% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1143.7 million. Geopolymers, derived from industrial by-products such as fly ash and granulated slag, are increasingly being adopted in the Indian ready mix concrete market due to their eco-friendly properties and superior performance. These materials offer several advantages over traditional cement, including reduced carbon dioxide emissions, high resistance to acids, ability to withstand extreme temperatures, and enhanced structural strength. The global push towards sustainable construction initiatives, driven by governments and organizations, is further fueling the demand for geopolymers in infrastructure projects. The growing awareness of environmental impact and the need for low-carbon alternatives make geopolymers a preferred choice for construction companies seeking to reduce their carbon footprint.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
152 |
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Base year |
2024 |
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Historic period |
2019-2023 |
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Forecast period |
2025-2029 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 4.7% |
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Market growth 2025-2029 |
USD 1143.7 million |
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Market structure |
fragmentation |
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YoY growth 2024-2025(%) |
4.5 |
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Key countries |
India |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Ready Mix Concrete (RMC) market in India encompasses various aspects of concrete technology, including durability, permeability, shrinkage, and creep. It also covers concrete's resistance to fire, corrosion, fatigue, and the need for sealing, waterproofing, coatings, and surface treatments. Concrete staining, polishing, cleaning, maintenance, repairs, rehabilitation, and demolition are further applications. The market also includes design software, simulation, analysis, modeling, 3D printing, innovation, research, development, sustainability, and environmental impact.
In the context of the global construction materials market, the Ready Mix Concrete (RMC) sector holds significance as a key contributor to the industry's growth. RMC production involves the use of concrete mix designs, which undergo rigorous testing for slump and compressive strength, ensuring optimal product quality. The manufacturing process incorporates advanced technologies such as batching plants, concrete mixer trucks, and concrete pumping systems for efficient and precise delivery. The global construction materials market, encompassing products and providers of chemicals, construction materials, containers and packaging, metals and mining, and paper and forest products, is experiencing substantial expansion due to the upsurge in the building and construction industry. The continued growth in this sector is anticipated to fuel the demand for RMC, thereby driving market expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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