Ready-mix concrete, or RMC as it is commonly referred to, is a type of concrete that is specifically designed for construction purposes and is produced in batches at a factory or ready-mix plant. Ready-mixed concrete has many advantages over traditional onsite mixing methods because it can be delivered directly to the job site and does not require any additional mixing. Ready-mix concrete eliminates the need for intensive labor, low quality control, and slow production times associated with traditional onsite mixing. Ready-mix concrete also reduces material waste and provides consistent quality from batch to batch. Ready-mix concrete has become increasingly popular in recent years due to its convenience and cost effectiveness compared to other building materials.
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Global ready-mix concrete consumption was pegged at 1,697.2 Mn cubic meters at the end of 2018, and is expected to grow and reach more than 3,500 Mn cubic meters by the end of 2029.
The Ready Mix Concrete market growth is driven by factors such as increasing industrialization & urbanization across emerging countries, rising construction activities globally, increasing government initiatives towards infrastructure development & spending on housing projects along with technological advancements making use of ready mix concrete easy & environment friendly led by product innovations & developments in the industry.
The Ready Mix Concrete market is segmented into application type such as residential buildings, commercial buildings, industrial facilities and infrastructure development & others based on its applications. Of these all residential buildings account for the largest share holding more than 50% of the total Ready Mix Concrete Market followed by commercial buildings accounting for around 18% share of the global Ready Mix Concrete market revenue in 2019. Industrial facilities are further projected to grow at healthy rate owing to increasing industrial activities worldwide leading to higher usage of Ready Mix Concrete across various industries such as automotive and manufacturing sector among others.
Major players operating in Ready Mix Concrete include LafargeHolcim Ltd., HeidelbergCement AG, Siam City Cement Public Company Limited (SCCC), CEMEX SAB de CV., UltraTech Cement Limited, Votorantim Cimentos S/A., Boral Limited., Chryso SAS among others These companies have adopted various strategies such as acquisition & mergers , product launches , business expansion , joint ventures and partnerships among others which have enabled them strengthen their positions in the Ready Mix Concrete Industry worldwide . For instance; In May 2020 UltraTech cement announced plans to invest Rs 5500 crore over two years towards capacity expansion programme taking their total production capacity up to 117 million tons per annum thereby positioning itself among one of the largest cement producers worldwide.
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To sum up; The demand for ready mix concrete is expected remain strong during forecasted period due its wide range of applications across residential buildings , commercial buildings , infrastructure developments alongside increasing government initiatives supporting infrastructural development globally . However volatility in raw material prices could hamper growth of ready mix concrete market globally . Technological advancements coupled with emergence of new players providing innovative products & services will open up new avenues for Ready Mix Concrete Industry worldwide .
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