Ready-mix Concrete Market – Global Industry Size, Share, Trends, Analysis and Forecast 2019 – 2021

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Business

Summary

Market Research Future added New Report Named "Global Ready-mix Concrete Market Research Report- Forecast 2021" to its Database

Press Release

The ready-mix concrete (RMC) is a mixture of cement, water, sand and aggregates. Manufacturing ready-mix concrete and delivering through a transit mixer enables the implementation of precise concrete in the construction project, making it sturdy, strong and long lasting. Ready-mix concrete is particularly advantageous when small quantities of concrete or intermittent placing of concrete are required. Ready-mixed concrete is also ideal for large jobs where space is limited and there is little room for a mixing plant and aggregate stockpiles.

RMC is being preferred over traditional concrete due to ease of use, greater convenience, economy, and better quality. Furthermore, wastage reduction, low inventory costs, and efficient utilization will lead to the lowering of the overall project expenditures, which in turn will augment the product demand over the upcoming years. Key benefits of RMC are low labor cost and supervising cost, consumer awareness regarding eliminating wastage associated with bulk handling, and consistency in quality.

An increase in big projects is spurring the consumption of RMC because of its high quality and ease of use. The time constraints placed upon infrastructure development projects in the urbanized economies, is creating a high demand for readymade concrete mixes. Also, ready-mix concrete provides reduced shrinkage, cracking tendencies and volume change, leading to its increased adoption. Concrete’s limited timespan between mixing and going-off means that ready-mix should be placed within 90 minutes of batching at the plant. This acts as a restraint in the market.

Ready-mix concrete is a type of concrete that improves durability and sustainability. It is an easier option purchasing the raw materials individually and experimenting every time with handling and proportioning, is not involved. The global ready-mix concrete market is a very dynamic market and is expected to witness high growth over the forecast period. The global ready-mix concrete market has been segmented by production (on site and off site), by application (Commercial, Residential, Infrastructure, Industrial utilities) and by region (the Americas, Europe, Asia-Pacific and RoW). Increased construction of residential and commercial complexes is also expected to boost ready-mix demand during the coming years. Rapid population expansion, coupled with the infrastructural requirement in Saudi Arabia, has led the government to initiate several large-scale construction works in order to ease pressure on existing infrastructure, which, in turn, will spur the market growth over the forecast period. Growing population and increasing disposable income in China and India will drive the construction growth, which in turn, will spur the demand for RMC.