LONDON--(BUSINESS WIRE)--The ready-mix concrete market is expected to grow by USD 65.58 billion during 2019-2023, according to the latest market research report by Technavio. Request latest free sample report of 2020-2024
Ready-mix concrete has emerged as 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 offers include a careful selection of raw materials, low waste generation, no storage required, safe work practices, and limited noise and air pollution during production. Moreover, ready-mix concrete can be manufactured within a limited time and eliminate the need for storage. These benefits of ready-mix concrete are fueling its adoption in the construction industry. These factors are expected to drive the growth of the ready-mix concrete market during the forecast period.
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As per Technavio, the growing popularity of geopolymers in concrete manufacturing will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2019-2023.
Ready-mix Concrete Market: Growing Popularity of Geopolymers in Concrete Manufacturing
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.
“Factors such as the growing focus on environmental sustainability, and rapid urbanization will have a significant impact on the growth of the ready-mix concrete market value during the forecast period,” says a senior analyst at Technavio.
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Ready-mix Concrete Market: Segmentation Analysis
This market research report segments the ready-mix concrete market by application (non-residential and residential) and geographic landscape (APAC, Europe, MEA, North America, and South America).
The APAC region led the ready-mix concrete market in 2018, followed by MEA, Europe, South America, and North America, respectively. The growth of the ready-mix concrete market share in APAC can be attributed to factors such as the rise in the number of construction activities, and the increasing focus on building smart cities in the region.
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Some of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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