Global Ready-Mix Concrete Market Analysis With COVID-19 Recovery Plan and Strategies for the Materials Industry | Technavio
The ready-mix concrete market research report examines the key questions around the implications of COVID-19 and provides a recovery analysis and outlook for the market in focus. Although the market has witnessed a negative impact due to the COVID-19 situation, the research analysts at Technavio expect the ready-mix concrete market to recover and grow by USD 156.29 billion during the forecast period, accelerating at a CAGR of over 4%.
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Ready-Mix Concrete Market Segmentation Analysis by Product
Non-residential
Residential
Non-residential segment accounted for the largest ready-mix concrete market share. Ready-mix concrete is widely used in non-residential construction across the world, primarily due to a rise in the number of infrastructural development projects in emerging economies, such as China, India, Indonesia, Brazil, and Russia. This report provides an accurate prediction of the contribution of all the segments to the growth of the ready-mix concrete market size.
Ready-Mix Concrete Market Regional analysis
The report covers regional analysis for APAC (India, China, Japan, and South Korea), Europe (Germany, France, UK, Italy), North America (US, Canada, Mexico), South America (Brazil, Argentina, Columbia), and MEA ( UAE, Saudi Arabia, Iran).
54% of the growth will originate from the APAC region.
The rising number of construction activities will significantly drive ready-mix concrete market growth in this region over the forecast period.
China and India are the key markets for ready-mix concrete in APAC.
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Ready-mix concrete market is expected to be driven by the growing construction industry. Ready-mix concrete has emerged to become the preferred form of concrete in the construction industry, due to its inherent advantages over site mix concrete. Some of the benefits that ready-mix concrete offer include a careful selection of raw materials, low waste generation, no storage requirement, safe work practices, and limited noise and air pollution during production.
Growing Popularity of Geopolymers in Concrete Manufacturing will be a Key Market Trend
Geopolymers are increasingly being used in concrete manufacturing owing to their superior properties such as resistance to acids, control of high temperature, and ability to impart high strength to buildings. Geopolymers are also used in concrete production to reduce carbon dioxide emissions. Thus, the growing popularity of geopolymers is expected to increase the use of ready-mix concrete during the forecast period.
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Non-residential - Market size and forecast 2019-2024
Residential - Market size and forecast 2019-2024
Market opportunity by Application
Customer landscape
Geographic Landscape
Geographic segmentation
Geographic comparison
APAC - Market size and forecast 2019-2024
MEA - Market size and forecast 2019-2024
Europe - Market size and forecast 2019-2024
South America - Market size and forecast 2019-2024
North America - Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends
Vendor Landscape
Vendor landscape
Landscape disruption
Competitive scenario
Vendor Analysis
Vendors covered
Market positioning of vendors
ACC Ltd.
CEMEX SAB de CV
EUROCEMENT Group
Geany Softech Pvt. Ltd.
HeidelbergCement AG
LafargeHolcim Ltd.
RDC Concrete (India) Pvt. Ltd.
UltraTech Cement Ltd.
Vicat group
Votorantim SA
Appendix
Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations
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