Ready-Mix Concrete Market to Flourish Due to Rising Government Spending on Infrastructural Development

Ready-mix concrete (RMC) is majorly used in the construction of several infrastructure development applications that comprise of commercial and residential buildings, runways, airports, energy generation facilities, production plants, ports, and roads. The increasing count of infrastructure assignments, such as roads, airport expansion tasks, bridges, and dams, particularly in developing countries is boosting the demand in ready-mix concrete market. . Transparency Market Research has recently published a report titled, “Ready-Mix Concrete Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024.” The global ready-mix concrete market is anticipated to experience substantial growth in the forthcoming years. Some more key factors behind the increased demand for ready-mix concrete in the market are rising government expenses on power plants, manufacturing, and construction, accompanied by the increase in population, coupled with the surge in urbanization.

There are several factors supporting the growth in ready-mix concrete market. The several government initiatives with respect to development of smart cities is a major factor driving the demand. Moreover, rise in awareness regarding efficient usage, waste reduction, and inventory expenses lead to reduced overall expenses of the projects. This is likely to fuel the demand for ready-mix concrete in the market. Ready-mix concrete is highly preferred in today’s time, due to its high quality, ease of use, better economy, and better convenience.

On the flipside, the handling of concrete from the mixer to different points of work is one of the key difficulties that players come across, while operating in global ready-mix concrete market. Furthermore, high initial expenses for establishing the ready-mix concrete manufacturing plants will hampers the market growth. Nevertheless, owing to launch of upcoming infrastructure construction assignments are anticipated to propel the demand for ready-mix concrete.

Based on application, the global ready-mix concrete market is segmented into industrial utilities, commercial building, infrastructure, and residential buildings. The renovation of airports, construction of highways, and building of dams are the major factor contributing to the rapid growth of the infrastructure segment. Additionally, the increase in the budget allocations by governments for infrastructure development is foreseen to be advantageous.

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The global ready-mix concrete market is divided as per geography into Europe, North America, Asia Pacific, and the Rest of the World. Among these, Asia Pacific region is estimated to dominate the market because of rising number of new infrastructural projects in Thailand, Singapore, India, and China. Some of key players in the market are CEMEX S.A.B. de C.V., ACC Ltd., Barney & Dickenson, Inc., Buzzi Unicem S.p.A., Dillon Bros Ready Mix Concrete, Vicat S.A., R.W. Sidley, Inc, Italcementi Group, Lafarge, Holcim Ltd., LLC, UltraTech Cement, Livingston’s Concrete Service, Inc., Hanson Cement Ltd., HeidelbergCement, and the U.S. Concrete, Inc.

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