Latest News- Ready Mix Concrete Market in India: Transit mixed concrete is expected to lead the Product segment during 2024-2028
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 4.6% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1066.2 million. In the Indian Ready Mix Concrete (RMC) market, a significant trend emerging is the increasing adoption of geopolymers as construction materials. Geopolymers, derived from fly ash, granulated slag, and sodium silicate, offer superior properties such as acid resistance, temperature control, and enhanced building strength. These advantages make them an attractive alternative to traditional cement. In the production of concrete, raw materials including cement, geopolymers, and aggregates are utilized in substantial quantities. Geopolymer cement concretes (GPCCs), a type of inorganic polymer composite, are gaining popularity as they have the potential to replace conventional concrete. GPCCs offer environmental benefits, including reduced carbon dioxide emissions, making them a preferred choice for eco-conscious construction projects.
Get more information on Ready Mix Concrete Market in India by requesting a sample report
Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Product (Transit mixed concrete, Shrink mixed concrete) Application (Non-residential, Residential) Geography (APAC).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Key Features in Ready Mix Concrete Market in India Research Report
Find out which segment is leading the market by accessing the free PDF report
The Ready-mix concrete (RMC) market in India is witnessing significant growth due to its increasing usage in various sectors like construction. RMC is a mixture of hydraulic cement, water, fine aggregates, and coarse aggregates, which is mixed at the site using a concrete mixer truck. The ingredients include Portland cement, admixtures like super plasticizers and pozzolans, and reinforcing materials. RMC is widely used in residential construction, particularly in single-family housing, for wastage reduction and transportation efficiency. In addition, it is extensively used in commercial construction projects such as shopping malls, office buildings, and hospitals. The use of RMC is also increasing in infrastructure projects like smart cities and road construction due to budget allocations. Batch plants and mixing plants are used to produce RMC, and energy conservation is a key focus in their operation. Precast concrete elements are also manufactured using RMC for various applications.
The Ready-mix Concrete (RMC) market in India is a significant segment of the larger global construction materials market. This market encompasses the production and provision of hydraulic cement, fine aggregates, coarse aggregates, water, and curing services for the manufacture of concrete. The growth of the Indian RMC market is driven by the burgeoning construction industry, which is experiencing robust expansion. The global construction materials market, comprising manufacturers and suppliers of cement, concrete, bricks, and other materials, as well as chemicals, containers and packaging, metals and mining, and paper and forest products, is anticipated to grow substantially due to the upsurge in the building and construction sector. This trend is expected to continue in the coming years.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
Safe and Secure SSL Encrypted
One user only.
Quick & easy download option
Unlimited user access (Within your organization).
Complimentary Customization Included
*For Enterprise license, go to checkout page
Get the report (PDF) sent to your email within minutes.
