Ready Mix Concrete Market Size
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Study Period | 2018 - 2030 |
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Market Volume (2024) | 5.3 Billion Cubic meters |
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Market Volume (2030) | 7.13 Billion Cubic meters |
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Largest Share by End Use Sector | Residential |
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CAGR (2024 - 2030) | 5.04 % |
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Largest Share by Region | Asia-Pacific |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Ready Mix Concrete Market Analysis
The Ready Mix Concrete Market size is estimated at 5.3 billion Cubic meters in 2024, and is expected to reach 7.13 billion Cubic meters by 2030, growing at a CAGR of 5.04% during the forecast period (2024-2030).
5.3 Billion
Market Size in 2024 (Cubic meters)
7.13 Billion
Market Size in 2030 (Cubic meters)
4.12 %
CAGR (2018-2023)
5.04 %
CAGR (2024-2030)
Largest Market by Product
73.33 %
volume share, Transit Mixed, 2023
Owing to the strict timelines of construction projects and the use of affordable concrete in the country's construction industry, transit mix has dominated the market.
Largest Market by End Use Sector
37.83 %
volume share, Residential, 2023
Due to the growing usage of ready-mix concrete for applications, such as building foundations, floors, walls, and columns, the residential sector has dominated the market.
Largest Market by Region
75.77 %
volume share, Asia-Pacific, 2023
Owing to the growing construction industrial activity in the region coupled with the increasing demand for ready-mix concrete in countries like China, India, Japan, and South Korea, the region has dominated the market.
Fastest Market by Region
5.67 %
Projected CAGR, Middle East and Africa, 2024-2030
The fast-paced growth of construction activities in the region coupled with government initiatives such as Vision 2030, etc., the region is expected to witness the fastest growth in the coming years.
Leading Company
3.65 %
market share, China National Building Material Group Corporation, 2022
In 2022, the company holds the largest share with its large ready-mix concrete production capacity of around 460 million cubic meters per year. The company serves customers across various construction sectors.
Increasing demand for housing units is likely to drive the ready-mix concrete market’s growth
- In 2022, the global consumption of ready-mix concrete saw a decline of approximately 5.46% from the previous year, primarily due to weakened demand from the residential and commercial construction sectors. Notably, the residential sector saw a 1.05% decrease in new floor area in 2022 compared to 2021. However, a rebound was expected in 2023, with ready-mix concrete consumption projected to grow by around 5.06% globally.
- The residential sector stands as the largest consumer of ready-mix concrete, accounting for nearly 36.96% of the global consumption in 2022. Factors such as urbanization, government initiatives, and both foreign and domestic investments are fueling housing demands, leading to an uptick in residential construction. For instance, Germany announced its plans to construct a minimum of 4,000 new housing units by 2024. Similarly, the Malaysian government aims to build around 500 thousand affordable housing units by 2025. Consequently, ready-mix concrete consumption in the residential sector is projected to surge by 32.39% by 2030 compared to 2023.
- The commercial sector is projected to be the fastest-growing consumer of ready-mix concrete, with a notable CAGR of 6.34% during the forecast period. The global commercial new floor area was anticipated to reach 6.83 billion sq. ft in 2023, driven by heightened demand for shopping malls, offices, and other commercial spaces. For instance, India's grade A office market in its top seven cities is set to expand to approximately 1 billion sq. ft by 2026 and further to 1.2 billion sq. ft by 2030. Consequently, the global consumption of ready-mix concrete in the commercial sector is projected to increase by 394 cubic meters by 2030 compared to 2023.
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Fast-paced construction activities in Asia-Pacific and Middle East & Africa are likely to drive the demand for ready-mix concrete
- Ready-mix concrete is a blend of cement, water, aggregates (such as sand or gravel), and admixtures. It is precisely mixed for use in diverse construction applications like foundations, walls, floors, and driveways. In 2022, the market experienced a downturn of approximately 5.46% compared to the previous year, largely due to a dip in demand from the residential sector. Specifically, the residential sector saw a decline of about 13.04% in 2022 compared to 2021. However, the market was projected to rebound, with a growth of around 5.06% in 2023 compared to 2022.
- Leading the global consumption, Asia-Pacific accounted for roughly 74.66% of the ready-mix concrete market in 2022. The region's robust demand is fueled by its burgeoning population, rapid urbanization, and heightened construction activities. Notably, investments in industrial, healthcare, and commercial sectors, including retail and offices, are on the rise. For instance, India's grade A office market in its top seven cities is set to expand to approximately 1 billion sq. ft by 2026 and further to 1.2 billion sq. ft by 2030. As a result, the Asia-Pacific ready-mix concrete market is poised for a significant surge, with a projected growth of about 42.28% by 2030 compared to 2023.
- Emerging as the frontrunner in consumption, Middle East & Africa is anticipated to register the highest CAGR of 5.68% in the ready-mix concrete market during the forecast period. This growth is primarily driven by escalating demand in both the residential and commercial segments. Notably, Saudi Arabia has ambitious plans, aiming to add approximately 555 thousand residential units, over 4.3 million sq. m of retail space, and more than 6.1 million sq. m of fresh office space by 2030.
Global Ready Mix Concrete Market Trends
Asia-Pacific's surge in large-scale office building projects is set to elevate the global floor area dedicated to commercial construction
- In 2022, the global new floor area for commercial construction witnessed a modest growth of 0.15% from the previous year. Europe stood out with a significant surge of 12.70%, driven by a push for high-energy-efficient office buildings to align with its 2030 carbon emission targets. As employees returned to offices, European companies, resuming lease decisions, spurred the construction of 4.5 million square feet of new office space in 2022. This momentum is poised to persist in 2023, with a projected global growth rate of 4.26%.
- The COVID-19 pandemic caused labor and material shortages, leading to cancellations and delays in commercial construction projects. However, as lockdowns eased and construction activities resumed, the global new floor area for commercial construction surged by 11.11% in 2021, with Asia-Pacific taking the lead with a growth rate of 20.98%.
- Looking ahead, the global new floor area for commercial construction is set to achieve a CAGR of 4.56%. Asia-Pacific is anticipated to outpace other regions, with a projected CAGR of 5.16%. This growth is fueled by a flurry of commercial construction projects in China, India, South Korea, and Japan. Notably, major Chinese cities like Beijing, Shanghai, Hong Kong, and Taipei are gearing up for an uptick in Grade A office space construction. Additionally, India is set to witness the opening of approximately 60 shopping malls, spanning 23.25 million square feet, in its top seven cities between 2023 and 2025. Collectively, these endeavors across Asia-Pacific are expected to add a staggering 1.56 billion square feet to the new floor area for commercial construction by 2030, compared to 2022.
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South America's estimated fastest growth in residential constructions due to increasing government investments in schemes for affordable housing to boost the global residential sector
- In 2022, the global new floor area for residential construction declined by around 289 million square feet compared to 2021. This can be attributed to the housing crisis generated due to the shortage of land, labor, and unsustainably high construction materials prices. This crisis severely impacted Asia-Pacific, where the new floor area declined 5.39% in 2022 compared to 2021. However, a more positive outlook is expected in 2023 as the global new floor area is predicted to grow by 3.31% compared to 2022, owing to government investments that can finance the construction of new affordable homes capable of accommodating 3 billion people by 2030.
- The COVID-19 pandemic caused an economic slowdown, due to which many residential construction projects got canceled or delayed, and the global new floor area declined by 4.79% in 2020 compared to 2019. As the restrictions were lifted in 2021 and pent-up demand for housing projects was released, new floor area grew 11.22% compared to 2020, with Europe having the highest growth of 18.28%, followed by South America, which rose 17.36% in 2021 compared to 2020.
- The global new floor area for residential construction is expected to register a CAGR of 3.81% during the forecast period, with South America predicted to develop at the fastest CAGR of 4.05%. Schemes and initiatives like the Minha Casa Minha Vida in Brazil announced in 2023 with a few regulatory changes, for which the government plans an investment of USD 1.98 billion to provide affordable housing units for low-income families, and the FOGAES in Chile also publicized in 2023, with an initial investment of USD 50 million, are aimed at providing mortgage loans to families for affordable housing and will encourage the construction of new residential units.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Surging energy investments in Asia-Pacific are set to bolster the global expansion of industrial construction
- Projections indicate that the growing number of private-public partnerships in infrastructure construction across Asia-Pacific will contribute to a notable surge in global infrastructure spending
Ready Mix Concrete Industry Overview
The Ready Mix Concrete Market is fragmented, with the top five companies occupying 6.24%. The major players in this market are CEMEX, S.A.B. de C.V., China National Building Material Group Corporation, CSCEC, Heidelberg Materials and Holcim (sorted alphabetically).
Ready Mix Concrete Market Leaders
CEMEX, S.A.B. de C.V.
China National Building Material Group Corporation
CSCEC
Heidelberg Materials
Holcim
Other important companies include BBMG Corporation, Buzzi S.p.A, CRH, Foshan Huijiang Concrete Co., Ltd., OYAK Cement, SAMPYO GROUP, Shanghai Construction Group(SCG), UltraTech Cement Ltd., Vicat, Votorantim Cimentos.
*Disclaimer: Major Players sorted in alphabetical order.
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Ready Mix Concrete Market News
- June 2023: CRH was set to acquire Buzzi Unicem's ready-mix concrete operations in Ukraine. The acquisition was finalized at USD 109 million and will include Buzzi's ready-mix concrete production units in Kyiv, Nikolajev, and Odesa.
- June 2023: Buzzi Unicem, through its subsidiary Dyckerhoff GmbH, reached an agreement to sell some of its Ukraine and Slovakian ready-mix concrete business to CRH, a leading building materials solutions company, for a consideration of USD 109 million.
- May 2023: Holcim successfully acquired BESBLOCK LTD to expand its ready-mixed concrete business in the United Kingdom and augment its sustainable building solutions market presence.
Free with this Report
We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on newly built floor area, infrastructural spending, and existing construction floor area across residential, commercial, industrial and institutional sectors.
Ready Mix Concrete Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
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4.1 End Use Sector Trends
- 4.1.1 Commercial
- 4.1.2 Industrial and Institutional
- 4.1.3 Infrastructure
- 4.1.4 Residential
- 4.2 Major Infrastructure Projects (current And Announced)
- 4.3 Regulatory Framework
- 4.4 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size, forecasts up to 2030 and analysis of growth prospects.)
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5.1 End Use Sector
- 5.1.1 Commercial
- 5.1.2 Industrial and Institutional
- 5.1.3 Infrastructure
- 5.1.4 Residential
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5.2 Product
- 5.2.1 Central Mixed
- 5.2.2 Shrink Mixed
- 5.2.3 Transit Mixed
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5.3 Region
- 5.3.1 Asia-Pacific
- 5.3.1.1 By Country
- 5.3.1.1.1 Australia
- 5.3.1.1.2 China
- 5.3.1.1.3 India
- 5.3.1.1.4 Indonesia
- 5.3.1.1.5 Japan
- 5.3.1.1.6 Malaysia
- 5.3.1.1.7 South Korea
- 5.3.1.1.8 Thailand
- 5.3.1.1.9 Vietnam
- 5.3.1.1.10 Rest of Asia-Pacific
- 5.3.2 Europe
- 5.3.2.1 By Country
- 5.3.2.1.1 France
- 5.3.2.1.2 Germany
- 5.3.2.1.3 Italy
- 5.3.2.1.4 Russia
- 5.3.2.1.5 Spain
- 5.3.2.1.6 United Kingdom
- 5.3.2.1.7 Rest of Europe
- 5.3.3 Middle East and Africa
- 5.3.3.1 By Country
- 5.3.3.1.1 Saudi Arabia
- 5.3.3.1.2 United Arab Emirates
- 5.3.3.1.3 Rest of Middle East and Africa
- 5.3.4 North America
- 5.3.4.1 By Country
- 5.3.4.1.1 Canada
- 5.3.4.1.2 Mexico
- 5.3.4.1.3 United States
- 5.3.5 South America
- 5.3.5.1 By Country
- 5.3.5.1.1 Argentina
- 5.3.5.1.2 Brazil
- 5.3.5.1.3 Rest of South America
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 BBMG Corporation
- 6.4.2 Buzzi S.p.A
- 6.4.3 CEMEX, S.A.B. de C.V.
- 6.4.4 China National Building Material Group Corporation
- 6.4.5 CRH
- 6.4.6 CSCEC
- 6.4.7 Foshan Huijiang Concrete Co., Ltd.
- 6.4.8 Heidelberg Materials
- 6.4.9 Holcim
- 6.4.10 OYAK Cement
- 6.4.11 SAMPYO GROUP
- 6.4.12 Shanghai Construction Group(SCG)
- 6.4.13 UltraTech Cement Ltd.
- 6.4.14 Vicat
- 6.4.15 Votorantim Cimentos
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR CONCRETE, MORTARS AND CONSTRUCTION CHEMICALS CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework (Industry Attractiveness Analysis)
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- FLOOR AREA OF NEW COMMERCIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 2:
- FLOOR AREA OF NEW INDUSTRIAL AND INSTITUTIONAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 3:
- SPENDING ON INFRASTRUCTURE PROJECTS, USD, GLOBAL, 2018 - 2030
- Figure 4:
- FLOOR AREA OF NEW RESIDENTIAL CONSTRUCTION, SQUARE FEET, GLOBAL, 2018 - 2030
- Figure 5:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 6:
- VOLUME OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 7:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 8:
- VOLUME OF READY-MIX CONCRETE CONSUMED IN COMMERCIAL SECTOR, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 9:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED IN COMMERCIAL SECTOR, BY PRODUCT, %, GLOBAL, 2023 VS 2030
- Figure 10:
- VOLUME OF READY-MIX CONCRETE CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 11:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, BY PRODUCT, %, GLOBAL, 2023 VS 2030
- Figure 12:
- VOLUME OF READY-MIX CONCRETE CONSUMED IN INFRASTRUCTURE SECTOR, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 13:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED IN INFRASTRUCTURE SECTOR, BY PRODUCT, %, GLOBAL, 2023 VS 2030
- Figure 14:
- VOLUME OF READY-MIX CONCRETE CONSUMED IN RESIDENTIAL SECTOR, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 15:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED IN RESIDENTIAL SECTOR, BY PRODUCT, %, GLOBAL, 2023 VS 2030
- Figure 16:
- VOLUME OF READY-MIX CONCRETE CONSUMED BY PRODUCT, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 17:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY PRODUCT, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 18:
- VOLUME OF CENTRAL MIXED REINFORCED CONCRETE CONSUMED, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 19:
- VOLUME SHARE OF CENTRAL MIXED REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 20:
- VOLUME OF SHRINK MIXED REINFORCED CONCRETE CONSUMED, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 21:
- VOLUME SHARE OF SHRINK MIXED REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 22:
- VOLUME OF TRANSIT MIXED REINFORCED CONCRETE CONSUMED, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 23:
- VOLUME SHARE OF TRANSIT MIXED REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, GLOBAL, 2023 VS 2030
- Figure 24:
- VOLUME OF READY-MIX CONCRETE CONSUMED BY REGION, CUBIC METERS, GLOBAL, 2018 - 2030
- Figure 25:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY REGION, %, GLOBAL, 2018 VS 2023 VS 2030
- Figure 26:
- VOLUME OF READY-MIX CONCRETE CONSUMED BY COUNTRY, CUBIC METERS, ASIA-PACIFIC, 2018 - 2030
- Figure 27:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 28:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, AUSTRALIA, 2018 - 2030
- Figure 29:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, AUSTRALIA, 2023 VS 2030
- Figure 30:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, CHINA, 2018 - 2030
- Figure 31:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, CHINA, 2023 VS 2030
- Figure 32:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, INDIA, 2018 - 2030
- Figure 33:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
- Figure 34:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, INDONESIA, 2018 - 2030
- Figure 35:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, INDONESIA, 2023 VS 2030
- Figure 36:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, JAPAN, 2018 - 2030
- Figure 37:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, JAPAN, 2023 VS 2030
- Figure 38:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, MALAYSIA, 2018 - 2030
- Figure 39:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, MALAYSIA, 2023 VS 2030
- Figure 40:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, SOUTH KOREA, 2018 - 2030
- Figure 41:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, SOUTH KOREA, 2023 VS 2030
- Figure 42:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, THAILAND, 2018 - 2030
- Figure 43:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, THAILAND, 2023 VS 2030
- Figure 44:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, VIETNAM, 2018 - 2030
- Figure 45:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, VIETNAM, 2023 VS 2030
- Figure 46:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, REST OF ASIA-PACIFIC, 2018 - 2030
- Figure 47:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 48:
- VOLUME OF READY-MIX CONCRETE CONSUMED BY COUNTRY, CUBIC METERS, EUROPE, 2018 - 2030
- Figure 49:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY COUNTRY, %, EUROPE, 2018 VS 2023 VS 2030
- Figure 50:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, FRANCE, 2018 - 2030
- Figure 51:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, FRANCE, 2023 VS 2030
- Figure 52:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, GERMANY, 2018 - 2030
- Figure 53:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, GERMANY, 2023 VS 2030
- Figure 54:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, ITALY, 2018 - 2030
- Figure 55:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, ITALY, 2023 VS 2030
- Figure 56:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, RUSSIA, 2018 - 2030
- Figure 57:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, RUSSIA, 2023 VS 2030
- Figure 58:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, SPAIN, 2018 - 2030
- Figure 59:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, SPAIN, 2023 VS 2030
- Figure 60:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, UNITED KINGDOM, 2018 - 2030
- Figure 61:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, UNITED KINGDOM, 2023 VS 2030
- Figure 62:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, REST OF EUROPE, 2018 - 2030
- Figure 63:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, REST OF EUROPE, 2023 VS 2030
- Figure 64:
- VOLUME OF READY-MIX CONCRETE CONSUMED BY COUNTRY, CUBIC METERS, MIDDLE EAST AND AFRICA, 2018 - 2030
- Figure 65:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY COUNTRY, %, MIDDLE EAST AND AFRICA, 2018 VS 2023 VS 2030
- Figure 66:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, SAUDI ARABIA, 2018 - 2030
- Figure 67:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, SAUDI ARABIA, 2023 VS 2030
- Figure 68:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, UNITED ARAB EMIRATES, 2018 - 2030
- Figure 69:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, UNITED ARAB EMIRATES, 2023 VS 2030
- Figure 70:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, REST OF MIDDLE EAST AND AFRICA, 2018 - 2030
- Figure 71:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, REST OF MIDDLE EAST AND AFRICA, 2023 VS 2030
- Figure 72:
- VOLUME OF READY-MIX CONCRETE CONSUMED BY COUNTRY, CUBIC METERS, NORTH AMERICA, 2018 - 2030
- Figure 73:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY COUNTRY, %, NORTH AMERICA, 2018 VS 2023 VS 2030
- Figure 74:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, CANADA, 2018 - 2030
- Figure 75:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, CANADA, 2023 VS 2030
- Figure 76:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, MEXICO, 2018 - 2030
- Figure 77:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, MEXICO, 2023 VS 2030
- Figure 78:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, UNITED STATES, 2018 - 2030
- Figure 79:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, UNITED STATES, 2023 VS 2030
- Figure 80:
- VOLUME OF READY-MIX CONCRETE CONSUMED BY COUNTRY, CUBIC METERS, SOUTH AMERICA, 2018 - 2030
- Figure 81:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY COUNTRY, %, SOUTH AMERICA, 2018 VS 2023 VS 2030
- Figure 82:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, ARGENTINA, 2018 - 2030
- Figure 83:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, ARGENTINA, 2023 VS 2030
- Figure 84:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, BRAZIL, 2018 - 2030
- Figure 85:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, BRAZIL, 2023 VS 2030
- Figure 86:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, REST OF SOUTH AMERICA, 2018 - 2030
- Figure 87:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, REST OF SOUTH AMERICA, 2023 VS 2030
- Figure 88:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, GLOBAL, 2020 - 2023
- Figure 89:
- MOST ADOPTED STRATEGIES, COUNT, GLOBAL, 2020 - 2023
- Figure 90:
- PRODUCTION CAPACITY SHARE OF READY-MIX CONCRETE BY MAJOR PLAYERS, %, GLOBAL, 2022
Ready Mix Concrete Industry Segmentation
Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Central Mixed, Shrink Mixed, Transit Mixed are covered as segments by Product. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.
- In 2022, the global consumption of ready-mix concrete saw a decline of approximately 5.46% from the previous year, primarily due to weakened demand from the residential and commercial construction sectors. Notably, the residential sector saw a 1.05% decrease in new floor area in 2022 compared to 2021. However, a rebound was expected in 2023, with ready-mix concrete consumption projected to grow by around 5.06% globally.
- The residential sector stands as the largest consumer of ready-mix concrete, accounting for nearly 36.96% of the global consumption in 2022. Factors such as urbanization, government initiatives, and both foreign and domestic investments are fueling housing demands, leading to an uptick in residential construction. For instance, Germany announced its plans to construct a minimum of 4,000 new housing units by 2024. Similarly, the Malaysian government aims to build around 500 thousand affordable housing units by 2025. Consequently, ready-mix concrete consumption in the residential sector is projected to surge by 32.39% by 2030 compared to 2023.
- The commercial sector is projected to be the fastest-growing consumer of ready-mix concrete, with a notable CAGR of 6.34% during the forecast period. The global commercial new floor area was anticipated to reach 6.83 billion sq. ft in 2023, driven by heightened demand for shopping malls, offices, and other commercial spaces. For instance, India's grade A office market in its top seven cities is set to expand to approximately 1 billion sq. ft by 2026 and further to 1.2 billion sq. ft by 2030. Consequently, the global consumption of ready-mix concrete in the commercial sector is projected to increase by 394 cubic meters by 2030 compared to 2023.
| End Use Sector | Commercial | ||
| Industrial and Institutional | |||
| Infrastructure | |||
| Residential | |||
| Product | Central Mixed | ||
| Shrink Mixed | |||
| Transit Mixed | |||
| Region | Asia-Pacific | By Country | Australia |
| China | |||
| India | |||
| Indonesia | |||
| Japan | |||
| Malaysia | |||
| South Korea | |||
| Thailand | |||
| Vietnam | |||
| Rest of Asia-Pacific | |||
| Region | Europe | By Country | France |
| Germany | |||
| Italy | |||
| Russia | |||
| Spain | |||
| United Kingdom | |||
| Rest of Europe | |||
| Region | Middle East and Africa | By Country | Saudi Arabia |
| United Arab Emirates | |||
| Rest of Middle East and Africa | |||
| Region | North America | By Country | Canada |
| Mexico | |||
| United States | |||
| Region | South America | By Country | Argentina |
| Brazil | |||
| Rest of South America |
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Market Definition
- END-USE SECTOR - Ready-mix concrete consumed in the construction sectors such as commercial, residential, industrial, institutional, and infrastructure are considered under the scope of the study.
- PRODUCT/APPLICATION - Under the scope of the study, the consumption of transit-mixed, shrink-mixed, and central-mixed ready-mix concrete are considered.
| Keyword | Definition |
|---|---|
| Accelerator | Accelerators are admixtures used to fasten the setting time of concrete by increasing the initial rate and speeding up the chemical reaction between cement and the mixing water. These are used to harden and increase the strength of concrete quickly. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Adhesives | Adhesives are bonding agents used to join materials by gluing. Adhesives can be used in construction for many applications, such as carpet laying, ceramic tiles, countertop lamination, etc. |
| Air Entraining Admixture | Air-entraining admixtures are used to improve the performance and durability of concrete. Once added, they create uniformly distributed small air bubbles to impart enhanced properties to the fresh and hardened concrete. |
| Alkyd | Alkyds are used in solvent-based paints such as construction and automotive paints, traffic paints, flooring resins, protective coatings for concrete, etc. Alkyd resins are formed by the reaction of an oil (fatty acid), a polyunsaturated alcohol (Polyol), and a polyunsaturated acid or anhydride. |
| Anchors and Grouts | Anchors and grouts are construction chemicals that stabilize and improve the strength and durability of foundations and structures like buildings, bridges, dams, etc. |
| Cementitious Fixing | Cementitious fixing is a process in which a cement-based grout is pumped under pressure to fill forms, voids, and cracks. It can be used in several settings, including bridges, marine applications, dams, and rock anchors. |
| Commercial Construction | Commercial construction comprises new construction of warehouses, malls, shops, offices, hotels, restaurants, cinemas, theatres, etc. |
| Concrete Admixtures | Concrete admixtures comprise water reducers, air entrainers, retarders, accelerators, superplasticizers, etc., added to concrete before or during mixing to modify its properties. |
| Concrete Protective Coatings | To provide specific protection, such as anti-carbonation or chemical resistance, a film-forming protective coat can be applied on the surface. Depending on the applications, different resins like epoxy, polyurethane, and acrylic can be used for concrete protective coatings. |
| Curing Compounds | Curing compounds are used to cure the surface of concrete structures, including columns, beams, slabs, and others. These curing compounds keep the moisture inside the concrete to give maximum strength and durability. |
| Epoxy | Epoxy is known for its strong adhesive qualities, making it a versatile product in many industries. It resists heat and chemical applications, making it an ideal product for anyone needing a stronghold under pressure. It is widely used in adhesives, electrical and electronics, paints, etc. |
| Fiber Wrapping Systems | Fiber Wrapping Systems are a part of construction repair and rehabilitation chemicals. It involves the strengthening of existing structures by wrapping structural members like beams and columns with glass or carbon fiber sheets. |
| Flooring Resins | Flooring resins are synthetic materials applied to floors to enhance their appearance, increase their resistance to wear and tear or provide protection from chemicals, moisture, and stains. Depending on the desired properties and the specific application, flooring resins are available in distinct types, such as epoxy, polyurethane, and acrylic. |
| High-Range Water Reducer (Super Plasticizer) | High-range water reducers are a type of concrete admixture that provides enhanced and improved properties when added to concrete. These are also called superplasticizers and are used to decrease the water-to-cement ratio in concrete. |
| Hot Melt Adhesives | Hot-melt adhesives are thermoplastic bonding materials applied as melts that achieve a solid state and resultant strength on cooling. They are commonly used for packaging, coatings, sanitary products, and tapes. |
| Industrial and Institutional Construction | Industrial and institutional construction includes new construction of hospitals, schools, manufacturing units, energy and power plants, etc. |
| Infrastructure Construction | Infrastructure construction includes new construction of railways, roads, seaways, airports, bridges, highways, etc. |
| Injection Grouting | The process of injecting grout into open joints, cracks, voids, or honeycombs in concrete or masonry structural members is known as injection grouting. It offers several benefits, such as strengthening a structure and preventing water infiltration. |
| Liquid-Applied Waterproofing Membranes | Liquid-Applied membrane is a monolithic, fully bonded, liquid-based coating suitable for many waterproofing applications. The coating cures to form a rubber-like elastomeric waterproof membrane and may be applied over many substrates, including asphalt, bitumen, and concrete. |
| Micro-concrete Mortars | Micro-concrete mortar is made up of cement, water-based resin, additives, mineral pigments, and polymers and can be applied on both horizontal and vertical surfaces. It can be used to refurbish residential complexes, commercial spaces, etc. |
| Modified Mortars | Modified Mortars include Portland cement and sand along with latex/polymer additives. The additives increase adhesion, strength, and shock resistance while also reducing water absorption. |
| Mold Release Agents | Mold release agents are sprayed or coated on the surface of molds to prevent a substrate from bonding to a molding surface. Several types of mold release agents, including silicone, lubricant, wax, fluorocarbons, and others, are used based on the type of substrates, including metals, steel, wood, rubber, plastic, and others. |
| Polyaspartic | Polyaspartic is a subset of polyurea. Polyaspartic floor coatings are typically two-part systems that consist of a resin and a catalyst to ease the curing process. It offers high durability and can withstand harsh environments. |
| Polyurethane | Polyurethane is a plastic material that exists in various forms. It can be tailored to be either rigid or flexible and is the material of choice for a broad range of end-user applications, such as adhesives, coatings, building insulation, etc. |
| Reactive Adhesives | A reactive adhesive is made of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Rebar Protectors | In concrete structures, rebar is one of the important components, and its deterioration due to corrosion is a major issue that affects the safety, durability, and life span of buildings and structures. For this reason, rebar protectors are used to protect against degrading effects, especially in infrastructure and industrial construction. |
| Repair and Rehabilitation Chemicals | Repair and Rehabilitation Chemicals include repair mortars, injection grouting materials, fiber wrapping systems, micro-concrete mortars, etc., used to repair and restore existing buildings and structures. |
| Residential Construction | Residential construction involves constructing new houses or spaces like condominiums, villas, and landed homes. |
| Resin Fixing | The process of using resins like epoxy and polyurethane for grouting applications is called resin fixing. Resin fixing offers several advantages, such as high compressive and tensile strength, negligible shrinkage, and greater chemical resistance compared to cementitious fixing. |
| Retarder | Retarders are admixtures used to slow down the setting time of concrete. These are usually added with a dosage rate of around 0.2% -0.6% by weight of cement. These admixtures slow down hydration or lower the rate at which water penetrates the cement particles by making concrete workable for a long time. |
| Sealants | A sealant is a viscous material that has little or no flow qualities, which causes it to remain on surfaces where they are applied. Sealants can also be thinner, enabling penetration to a certain substance through capillary action. |
| Sheet Waterproofing Membranes | Sheet membrane systems are reliable and durable thermoplastic waterproofing solutions that are used for waterproofing applications even in the most demanding below-ground structures, including those exposed to highly aggressive ground conditions and stress. |
| Shrinkage Reducing Admixture | Shrinkage-reducing admixtures are used to reduce concrete shrinkage, whether from drying or self-desiccation. |
| Silicone | Silicone is a polymer that contains silicon combined with carbon, hydrogen, oxygen, and, in some cases, other elements. It is an inert synthetic compound that comes in various forms, such as oil, rubber, and resin. Due to its heat-resistant properties, it finds applications in sealants, adhesives, lubricants, etc. |
| Solvent-borne Adhesives | Solvent-borne adhesives are mixtures of solvents and thermoplastic or slightly cross-linked polymers such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers. |
| Surface Treatment Chemicals | Surface treatment chemicals are chemicals used to treat concrete surfaces, including roofs, vertical surfaces, and others. They act as curing compounds, demolding agents, rust removers, and others. They are cost-effective and can be used on roadways, pavements, parking lots, and others. |
| Viscosity Modifier | Viscosity Modifiers are concrete admixtures used to change various properties of admixtures, including viscosity, workability, cohesiveness, and others. These are usually added with a dosage of around 0.01% to 0.1% by weight of cement. |
| Water Reducer | Water reducers, also called plasticizers, are a type of admixture used to decrease the water-to-cement ratio in the concrete, thereby increasing the durability and strength of concrete. Various water reducers include refined lignosulfonates, gluconates, hydroxycarboxylic acids, sugar acids, and others. |
| Water-borne Adhesives | Water-borne adhesives use water as a carrier or diluting medium to disperse resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a dilutant rather than a volatile organic solvent. |
| Waterproofing Chemicals | Waterproofing chemicals are designed to protect a surface from the perils of leakage. A waterproofing chemical is a protective coating or primer applied to a structure's roof, retaining walls, or basement. |
| Waterproofing Membranes | Waterproofing membranes are liquid-applied or self-adhering layers of water-tight materials that prevent water from penetrating or damaging a structure when applied to roofs, walls, foundations, basements, bathrooms, and other areas exposed to moisture or water. |
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- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
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