Ready-Mix Concrete Market Growth Driven by Growing Demand for Sustainable Construction Materials
The global ready-mix concrete market share is expected to accumulate over USD 696.2 billion in 2023 and is projected to reach USD 1488.74 billion by 2033, trailing a CAGR of 7.9% during the forecast period. Ready-mix concrete is being increasingly embraced for various construction applications, including manufacturing facilities, residential and commercial buildings, power generation facilities, and road construction. The growth of infrastructure sectors worldwide, combined with rapid urbanization, is the key factor expected to drive industry expansion in the foreseeable future. The growing need for rapid construction across residential, commercial, industrial, and infrastructure sectors is projected to fuel the ready-mix concrete (RMC) market. The advantages of ready-mix construction, including cost savings on labor and site supervision, as well as simplified pouring techniques, are likely to attract a larger consumer base in the near future. Moreover, the construction industry’s