Ready-mix concrete is a type of concrete that is manufactured in a factory or a batching plant according to a set recipe and then transported to construction sites in trucks or mixers. It is one of the most commonly used building materials in the construction industry. The global ready-mix concrete market is driven by the increasing demand for construction activities, especially in emerging economies.
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One of the key factors driving the growth of the ready-mix concrete market is the increasing urbanization and industrialization in developing countries. The rapid growth of population and economy has led to a surge in construction activities in these countries, which has increased the demand for ready-mix concrete.
Companies
- Bosch Rexroth AG
- Eaton Corporation
- PARKER HANNIFIN CORP
- Caterpillar Inc.
- HYDAC
- Danfoss A/S
- Linde Hydraulics GmbH & Co. KG
- Actuant Corporation
- Flowserve Corporation
- Kawasaki Heavy Industries, Ltd.
- Mitsubishi Heavy Industries, Ltd.
- Tuthill Corporation
- Permco, Inc.
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The growing trend of green buildings and sustainable construction practices is also driving the demand for ready-mix concrete. This is because ready-mix concrete is a sustainable building material that reduces waste, lowers energy consumption, and helps to improve the air quality of the construction site.
The Asia Pacific region is expected to be a major contributor to the growth of the ready-mix concrete market due to the increasing demand for infrastructure development in countries such as China and India. The rapid growth of urbanization and industrialization in these countries has led to a surge in construction activities, which has increased the demand for ready-mix concrete.
The ready-mix concrete market is highly competitive, with a large number of players operating in the market. Some of the key players in the market include LafargeHolcim, CEMEX, HeidelbergCement AG, Buzzi Unicem S.p.A., and Vicat. These companies are focusing on product innovation and development, mergers and acquisitions, and partnerships and collaborations to stay ahead of the competition and to meet the evolving needs of their customers.
South Asia and East Asia to Assist Market Growth in the Near Future
Rising investments in infrastructural development and increasing foreign direct investments in countries such as India and China are found to be the key factors expected to push the demand for building insulation materials, and, in turn, escalate the growth of the ready-mix concrete market, particularly in South Asia and East Asia.
In terms of both, market volume as well as volume, East Asia is expected to account for a prominent share in the global ready-mix concrete market by the end of 2019. The ready-mix concrete market in the North American region is projected to experience below-average growth during the forecast years.
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Ready-Mix Concrete Market: Segmentation
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