Global Ready-Mix Concrete Market is expected to witness high growth over the forecast period, on account of booming construction industry particularly in Asia Pacific and LATAM. Use of ready mix concrete in the construction industry aids in saving time and less hustle at the construction site. Ready-mix concrete is not manufactured at the construction site, however it is transported from that spot to the construction project within a certain a period of time, depending on the technique of preparation. Increasing use of ready-mix concrete in residential, commercial and infrastructural developments is likely to boost ready-mix concrete market over the next seven years.
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Regionally, Asia Pacific is expected to be the largest market for ready-mix concrete over the forecast period, on account of growing government investments on infrastructural projects in the region particularly in China and India. In Asia Pacific, China, South Korea, Indonesia and Japan are the largest revenue generating markets for ready-mix concrete, owing to increasing number of industrial units being set up coupled with extensive housing development. Some of the projects that are anticipated to employ ready-mix concrete are South-North Water Transfer Project in China and Songdo International Business Unit Project in South Korea. In the Middle East, Abu Dhabi, Dubai and Saudi Arabia have been fueling demand for ready-mix concrete over the past few years, on account of large scale infrastructural investment and this trend is expected to continue over the forecast period.
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In Europe, Germany and UK have been the largest markets, in light of continuous investment in many infrastructural projects over the past few years. In addition, U.S. is expected to be a key region for ready-mix concrete market growth with many recent projects approved for housing development, coupled with industrial units set up with regards to shale gas boom.
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Key players involved in the ready-mix concrete market are Buzzi Unicem S.p.A, Aggregate Industries Holdings Ltd., CEMEX S.A.B. de C.V, Dyckerhoff AG, HeidelbergCement AG, CRH Plc, Holcim Ltd., Hanson Cement Ltd., Lafarge Aggregates & Concrete, Italcementi Group, Texas Industries Inc., Tarmac Limited, Vicat SA,. Concrete Inc. and Vulcan Material Company. In 2013, Italcementi Group opened ready-mix concrete manufacturing plants in Kuwait, Albania, Gambia, Sri Lanka, Saudi Arabia, China, Syria and Cyprus.
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