Global Ready-mix Concrete (RMC) market will reach 624.82 billion US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/8/27

Emerging economies increasing their expenditure on infrastructure development and other construction activities are envisioned to create lucrative prospects in the global RMC market. Furthermore, the rising trend of urbanization could catapult the market to expect high growth opportunities in the near future.

The advent of smart cities and adoption of smart solutions supported by government initiatives are foretold to propel the demand in the global RMC market. Increase in global population growth and thereby the need for more residential and commercial facilities could augment the development of the market.

Since RMC offers better quality, greater convenience, and ease of use, it is preferred over conventional concrete. Moreover, the demand for RMC could increase on the back of the benefit of low project expenditure.

However, the expensive cost of setting up manufacturing and production facilities is expected to challenge players operating in the global RMC market.

In this report, the authors have provided insightful analysis of the market along with accurate facts and figures. During the forecast period 2016-2022, the market is anticipated to rise at a 5.92% CAGR. By the end of 2025, it could touch a US$ 624.82 Bn valuation, improving from a US$ 394.44 Bn obtained in 2017.

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