Ready-mix Concrete Market

Growing construction sector to boost market growth

The market is growing due to the developing construction sector. Growing incomes in both developed and emerging nations have sped up the building of homes and other structures that will result in significant concrete consumption. As a result of economic expansion, the building sector is going through enormous and unheard-of changes and is gradually moving toward ready-mixed concrete for rapid and simple application. The key contributors to market expansion are China, India, Japan, and other Asian countries. Due to the increasing demand for residential structures, the expanding population in these areas primarily benefits the concrete sector.

RMC producers have made significant attempts to cut greenhouse gas (GHG) emissions by increasing the percentage of additives such fly ash/slag. This program aims to lower the use of regular Portland cement while simultaneously increasing energy effectiveness. Adopting the idea of green construction to combat the effects above has increased demand for environmentally friendly ready-mix concrete.

The surge in construction opportunities is caused by expanding private sector investments and assistance from governmental entities. These include creating roads, trains, bridges, urban infrastructure, homes, the power generation industry, and other structures. The strong demand for this kind of concrete is caused by the quick construction of all the structures above. High-end investments in urbanization from developing nations like China, India, Mexico, and South Korea, from both the public and private sectors, also encourage this.

One of the key reasons driving the market expansion for Ready-Mix Concrete is the development of infrastructure, such as the construction of highways, the renovation of airports, and the building of dams in developing countries, along with the growing trend of urbanization.September 2023: The industry witnessed advancements in automation and digitalization within the ready-mix concrete sector. This included the adoption of automated batching plants, AI-powered delivery route optimization, and digital tools for project managementJanuary 2024: The demand for eco-friendly construction practices continued to rise, leading to increased adoption of green building materials like ready-mix concrete with lower carbon footprints.

This trend was fueled by growing environmental concerns and regulations promoting sustainable construction.

Figure 1: construction industry

Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

The AIA Construction Consensus Forecast Panel anticipates a 5.4% increase in nonresidential building construction spending in the US in 2022. It is anticipated to rise by 6.1% in 2023. All the major commercial, industrial, and institutional categories are anticipated to experience robust improvements by 2023. Therefore, such factors have enhanced the Ready-mix Concrete market CAGR ly in recent years.

However, ready-mix concrete is becoming more widely known in developing countries is another factor driving the growth of the Ready-mix Concrete market revenue.

The Global Ready-mix Concrete Market Industry is poised for substantial growth, with projections indicating a market value of 543.4 USD Million in 2024 and an anticipated increase to 1017.1 USD Million by 2035. This growth trajectory suggests a robust compound annual growth rate (CAGR) of 5.86% from 2025 to 2035, reflecting the industry's resilience and adaptability in meeting the evolving demands of construction. Factors such as urbanization, infrastructure development, and technological advancements are expected to contribute significantly to this growth, positioning ready-mix concrete as a vital component in the global construction landscape.

Regulatory support and the establishment of standards play a crucial role in shaping the Global Ready-mix Concrete Market Industry. Governments are implementing regulations that promote the use of high-quality construction materials, including ready-mix concrete, to ensure safety and durability in building projects. Compliance with these regulations often necessitates the use of ready-mix concrete, thereby driving demand. As countries continue to enhance their building codes and standards, the market is likely to benefit from increased adoption of ready-mix concrete in various construction applications.

Urbanization continues to be a driving force in the Global Ready-mix Concrete Market Industry. As populations migrate to urban areas, the demand for residential and commercial buildings rises sharply. This urban expansion necessitates the use of ready-mix concrete, which offers superior strength and durability for construction projects. The increasing need for housing, schools, and commercial spaces in rapidly growing cities is likely to propel the market forward. By 2035, the market is anticipated to reach 1017.1 USD Million, underscoring the critical role of ready-mix concrete in accommodating urban growth and development.

The Global Ready-mix Concrete Market Industry is experiencing a notable boost due to extensive infrastructure development initiatives worldwide. Governments are increasingly investing in transportation, energy, and urban infrastructure projects, which necessitate the use of ready-mix concrete for its efficiency and quality. For instance, various countries are undertaking large-scale road and bridge construction projects, which are projected to significantly increase the demand for ready-mix concrete. This trend is expected to contribute to the market's growth, with projections indicating a market value of 543.4 USD Million in 2024, reflecting the industry's pivotal role in supporting infrastructure advancements.

Technological advancements in the production of ready-mix concrete are transforming the Global Ready-mix Concrete Market Industry. Innovations such as automated batching systems and improved mixing techniques enhance the efficiency and quality of concrete production. These advancements not only reduce waste but also ensure a more consistent product, which is crucial for large-scale construction projects. As construction companies increasingly adopt these technologies, the demand for ready-mix concrete is expected to rise. This trend aligns with the projected CAGR of 5.86% from 2025 to 2035, indicating a robust growth trajectory driven by technological improvements.

Sustainability is becoming a central theme in the Global Ready-mix Concrete Market Industry. With growing awareness of environmental issues, there is a shift towards eco-friendly construction materials and practices. Ready-mix concrete producers are increasingly incorporating recycled materials and adopting sustainable production methods to minimize their carbon footprint. This trend is likely to attract environmentally conscious consumers and businesses, thereby expanding the market. As sustainability becomes a priority in construction, the demand for ready-mix concrete that meets these criteria is expected to grow, further solidifying its position in the industry.

By Region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific ready-mix concrete market accounted for USD 198.50 million in 2021 and is expected to exhibit a significant CAGR growth during the study period. This is attributed to the growing incidence of spine abnormalities such as scoliosis, kyphosis, and lordosis, as well as an aging population across the region.

Further, the major countries studied in the market report are The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: READY-MIX CONCRETE MARKET SHARE BY REGION 2023 (%)Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review

The North America Ready-mix Concrete Market is expected to grow at the fastest CAGR from 2022 to 2030. This is due to increased rates of osteoarthritis and degenerative disc disease, the rapidly growing medical tourism industry, and rising healthcare costs. Moreover, UK Ready-mix Concrete market held the largest market share, and the Canada Ready-mix Concrete market was the fastest-growing market in the North America region.

Europe Ready-mix Concrete market accounts for the second-largest market share. The increasing demand for residential construction and the area's expanding industrialization can be attributed to this expansion. Government infrastructure construction projects greatly aid the market expansion of ready-mix concrete in this region. Further, the Germany Ready-mix Concrete market held the largest market share, and the UK Ready-mix Concrete market was the fastest-growing market in the European region.

Major market players are investing a lot of money in R&D to expand their product offerings, which will spur further growth in the ready-mix concrete market. Market participants are also undertaking various strategic measures to expand their footprint. Significant market developments include new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To grow and survive in a more cutthroat and competitive market, competitors in the ready-mix concrete industry must offer cost-effective products.

Manufacturing locally to cut operational costs is one of the main business methods used by manufacturers in the worldwide ready-mix concrete industry to benefit customers and develop the market sector. The ready-mix concrete industry has recently given some of the greatest advantages. The Ready-mix Concrete market major player such as Holcim Group, Heidelberg, UltraTech and others are working on expanding the market demand by investing in research and development activities.

The Holcim Group, also known officially as Holcim Limited (formerly as LafargeHolcim), is a multinational corporation based in Switzerland that produces building materials. Cement, aggregates, ready-mix concrete, and other goods, such as precast concrete, asphalt, mortar, and other building materials, make up Holcim's four business segments. In May 2022, the largest ready-mix concrete company in the Greater Baton Rouge Area of the United States, Cajun Ready Mix Concrete, was acquired by Holcim Group. The market presence of Holcim Group in the United States will rise as a result of this strategic decision.

Also, German building materials manufacturer HeidelbergCement is based in Heidelberg. In May 2022, Heidelberg stated that it had purchased six ready-mixed concrete facilities and one sandpit from Kámen Zbraslav, a.s. in the Czech Republic through its Czech subsidiary, eskomoravsk Beton, a.s.