Ready-mix concrete (RMC) is a kind of concrete that is manufactured in a cement factory, or typically known as the batching plant, as per the given set of proportions, and then carried to a work site. It is sometimes preferred over on-site concrete mixing because of the volume it can produce with the precision of proportion of mixture and also because of reduced work site confusion. Moreover, it is also referred to as the customized concrete products for commercial purpose. This concrete is manufactured under controlled operations as well as transported and placed at the site using sophisticated equipment and methods. There are several benefits of this concrete such as it helps in minimizing cement wastage due to bulk handling, it is relatively pollution free, and it reduces project time, resulting in savings in all aspects.
Factors Influencing the Market Growth:
RMC is highly used as a building material for residential & commercial buildings, manufacturing amenities, energy generation plants, roads, and runways. Infrastructure development in developing economies coupled with growing trend of urbanization are some of the major factors propelling the growth of the market. Additionally, increasing construction spending in light of urbanization, population growth, and government infrastructure plans will boost the growth of the market. However, high initial investment for setting up of manufacturing plants will restrain the growth of the market. Furthermore, the major challenges faced by the market include the handling of the concrete from the mixer to different points of work.
According to the geographical overview, the market is divided into major four regions such as North America, Europe, Asia Pacific (APAC), and Latin America, Middle East & Africa (LAMEA). North America holds the major share due to well-developed infrastructure and advancement of technologies. The Asia Pacific is expected to dominate the market owing to increasing number of new infrastructural projects in India, Singapore, China, and Thailand. Fast industrialization and urbanization in these countries are the factors responsible for the growth of the market in this region. However, Middle East & Africa have the steady growth due to poor economic conditions.
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The global ready-mix concrete market comprises of some of the major players such as Barney & Dickenson, Inc., ACC Ltd., Lafarge, Vicat S.A., Buzzi Unicem S.p.A., R.W. Sidley, Inc, Italcementi Group, CEMEX S.A.B. de C.V., Holcim Ltd., UltraTech Cement, Dillon Bros Ready Mix Concrete, LLC, Livingston’s Concrete Service, Inc., HeidelbergCement, Hanson Cement Ltd., and U.S. Concrete, Inc.
For instance, in March 2018, ACC and Ambuja cement have announced to enter into the agreement for the supply of cement, clinker, and raw materials including fuels, fly ash, slag, and gypsum and also includes spare parts.
For instance, in April 2018, Ozinga received two awards from the Wisconsin Ready Mix Concrete Association (WRMCA) during its 36th annual concrete design awards ceremony. The awards highlight the best use of ready-mix concrete in Wisconsin and Michigan’s Upper Peninsula in numerous types.
Furthermore, in August 2017, New Zealanders demand for ready mixed concrete has strengthened. It has produced the most concrete in the second quarter of last year since 2011.
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Ready-Mix Concrete Market Segmentation
• Regions Covered:
o North America (U.S and Canada)
o Europe (Germany, France, Italy and Rest of Europe)
o Asia-Pacific (China, Japan, India, South Korea and Rest of Asia-Pacific)
o LAMEA (Brazil, Turkey, Saudi Arabia, South Africa and Rest of LAMEA)
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