Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Volume (2025) | 4.23 Billion cubic meters |
| Market Volume (2030) | 5.44 Billion cubic meters |
| Growth Rate (2025 - 2030) | 5.17% CAGR |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
|
Asia-Pacific Ready Mix Concrete Market Analysis by Mordor Intelligence
The Asia-Pacific Ready Mix Concrete Market size is estimated at 4.23 Billion cubic meters in 2025, and is expected to reach 5.44 Billion cubic meters by 2030, at a CAGR of 5.17% during the forecast period (2025-2030). Surging urban populations, government-backed infrastructure pipelines, and a decisive pivot toward smart-city developments drive volume growth, while technology upgrades, such as IoT-enabled batching, reshape cost structures and quality benchmarks. Multinational cement majors are deepening their downstream integration to secure aggregate supply and maintain margins, yet agile regional suppliers continue to win contracts through proximity-based logistics and strong customer relationships. Heightened environmental scrutiny is stimulating investment in low-carbon concrete, automated waste reduction, and carbon capture and utilization, signaling a shift from pure volume competition to sustainability-linked differentiation. Raw-material price volatility and rising compliance costs challenge profitability; however, they also accelerate innovation cycles that favor early adopters of digital production controls and alternative binders.
Key Report Takeaways
- By product type, transit mixed captured 73.17% of the market share in 2024; however, the share of the shrink mixed is expected to increase with a CAGR of 5.84% by 2030.
- By end-use sector, the residential sector accounted for 38.26% of the Asia-Pacific Ready Mix Concrete Market in 2024, and the commercial segment is projected to expand at a 6.02% CAGR through 2030.
- By geography, China held a 74.96% share in 2024, and Indonesia is expected to have the fastest growth at a CAGR of 7.03% during the forecast period (2025-2030).
Asia-Pacific Ready Mix Concrete Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Rapid urbanization and demographic boom | +1.2% | China, India, Indonesia, Vietnam | Long term (≥ 4 years) |
| Government mega-infrastructure pipeline | +1.0% | Global APAC, strongest in China, India | Medium term (2-4 years) |
| Affordable-housing and smart-city mandates | +0.8% | India, Indonesia, Thailand, Malaysia | Medium term (2-4 years) |
| IoT-enabled batching and logistics adoption | +0.5% | Developed APAC markets, urban centers | Short term (≤ 2 years) |
| Low-carbon / high-performance mix uptake | +0.4% | Australia, Japan, South Korea, Singapore | Long term (≥ 4 years) |
| E-commerce warehousing floor demand | +0.3% | China, India, Southeast Asia logistics hubs | Short term (≤ 2 years) |
| Source: Mordor Intelligence | |||
Understand The Key Trends Shaping This Market
Download PDF
Rapid Urbanization and Demographic Boom
China is adding 15 million urban residents each year and India 11 million, which translates into persistent high-rise, transport, and utility construction that intensifies demand in the ready mix concrete market[1]“Urban Development Data,” World Bank DataBank, worldbank.org. Indonesia’s demographic dividend of 4 million new workers annually pushes housing, schools, and healthcare projects that consume nearly 0.8 m³ of concrete per urban capita. Vietnam’s 3.2% annual urban growth and Bangkok’s metro expansion create higher-grade specifications for dense, vertical city cores. The demographic shift also generates secondary demand for the rehabilitation of aging water and transportation assets, extending the order pipeline beyond housing cycles. Collectively, these factors elevate baseline consumption and reinforce long-term visibility for capacity investment.
Government Mega-Infrastructure Pipeline
Beijing’s CNY 5.7 trillion (USD 800 billion) 2024 program encompasses high-speed rail, metro corridors, and industrial parks, absorbing an estimated 2.1 billion m³ of concrete annually. India’s USD 1.4 trillion National Infrastructure Pipeline channels funding to multi-modal corridors that demand specialty mixes capable of withstanding heat and seismic loads. Indonesia’s Nusantara capital relocation is expected to inject USD 32 billion into sustained concrete procurement across public buildings and utilities. Japan’s renewal of 1960s-era assets favors higher-performance replacements that integrate durability and seismic resilience. The visibility provided by these pipelines reduces demand risk and underpins long-lead technology upgrades in the Asia-Pacific Ready Mix Concrete Market.
Affordable-Housing and Smart-City Mandates
India’s Pradhan Mantri Awas Yojana aims to construct 12 million low-cost homes by 2030, equivalent to 180 million m³ of standardized mixes that favor large producers with rigorous quality systems[2]“National Infrastructure Pipeline Dashboard,” Ministry of Housing and Urban Affairs, mohua.gov.in . Malaysia’s 500,000-unit goal leans on modular techniques that tighten tolerances and boost concrete efficiency. Thailand’s Eastern Economic Corridor embeds IoT infrastructure in concrete shells, demanding formulations that safeguard embedded cables. Indonesia’s One Million Houses program standardizes specifications across multiple sites, enabling economies of scale for automated batch plants. These mandates remove low-quality suppliers from bid lists and channel volumes toward operators with scale, consistency, and digital traceability.
Low-Carbon / High-Performance Mix Uptake
Holcim’s ECOPact achieves a verified 30% carbon reduction while maintaining structural performance, gaining traction in Australian highways, and meeting Singapore’s green real-estate mandates. Japan commercializes CO₂-curing technology that turns mixes carbon-negative and fetches premium prices in public tenders. South Korea requires low-carbon concrete in projects exceeding KRW 10 billion (USD 7.5 million), thereby ensuring demand for sustainable formulations. The wider adoption of fly ash, slag, and silica fume substitutes reduces clinker intensity without compromising durability. Sustainability metrics thus migrate from niche to mainstream procurement criteria.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Raw-material price volatility | -0.70% | Global APAC, acute in import-dependent markets like Singapore, Malaysia, Thailand | Short term (≤ 2 years) |
| Environmental compliance costs | -0.40% | Developed APAC markets (Japan, Australia, South Korea), expanding to China and emerging economies | Medium term (2-4 years) |
| Urban last-mile delivery congestion | -0.50% | Dense urban centers: Singapore, Hong Kong, Jakarta, Manila, Bangkok, Mumbai | Short term (≤ 2 years) |
| Precast and modular substitution threat | -0.60% | Developed markets and high-labor-cost regions: Japan, Australia, Singapore, urban China | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
Raw-Material Price Volatility
Cement prices fluctuated by 25-40% in 2024 across the Asia-Pacific region, due to gyrations in energy costs and supply chain disruptions, squeezing margins as contracts often lock prices for several months. Urban quarry restrictions lead to longer aggregate hauls, which increase delivered costs. Steel rod spikes cause project delays in high-performance concrete segments. Import-reliant markets, such as Singapore and Thailand, face currency swings layered on top of commodity moves, while shelf-life limits prevent cost hedging via stockpiles. Volatility thus elevates working-capital needs and discourages smaller entrants.
Environmental Compliance Costs
Carbon taxes in developed APAC add USD 15-25/m³ to production, compelling upgrades to efficient kilns and reclaimed-water circuits. Dust and wastewater controls absorb 8-12% of new-plant capex, lifting barriers to entry. Stricter waste-return laws necessitate on-site recycling gear that lengthens payback horizons. Larger producers can dilute these costs across higher volumes, but smaller outfits face margin erosion, which hastens industry consolidation in the Asia-Pacific ready-mix concrete market.
Segment Analysis
By Product: Transit Mixed Maintains Commanding Lead
Transit-mixed concrete accounted for a 73.17% share of the Asia-Pacific ready-mix concrete market in 2024 and is expected to maintain its dominance due to its unrivaled delivery flexibility. The sub-segment enables drivers to adjust water and admixtures en route, allowing contractors to handle last-minute specification changes without incurring costly site delays. Sensor-based drum monitors now transmit real-time slump data to dispatch centers, closing the historic quality gap with Central Mixed plants. Shrink Mixed is forecast to post a 5.84% CAGR, appealing to high-rise cores where elevators and tight footprints limit truck size. Central Mixed retains steady demand in mega-infrastructure projects that require batch-to-batch uniformity, although traffic congestion in dense metropolitan areas caps its share. Overall, digital monitoring solidifies Transit Mixed’s status as the workhorse of the Asia-Pacific ready-mix concrete market.
Note: Segment shares of all individual segments available upon report purchase
Get Detailed Market Forecasts at the Most Granular Levels
Download PDF
By End-use Sector: Commercial Segment Accelerates
Residential projects represented 38.26% of the regional volume in 2024, the largest slice of the ready-mix concrete market size; yet, the Commercial segment is advancing at a 6.02% CAGR through 2030. Demand stems from office towers, retail complexes, and mixed-use hubs that specify higher-strength, lower-shrinkage mixes to achieve slender columns and fast floor cycles. E-commerce fulfillment centers further lift Commercial orders by requiring super-flat slabs and abrasion-resistant toppings.
Conversely, residential activity decelerates as major cities near saturation and zoning regulations become tighter. Developers pivot toward quality upgrades, higher-grade mixes, precast façades, and green certifications, helping sustain value even as square-meter starts normalize. The institutional and infrastructure segments provide a stable baseline, underwritten by public budgets and multilateral lending. The evolving end-use blend shifts the Asia-Pacific ready-mix concrete market from pure volume toward margin-rich performance niches that reward technical capabilities.
Note: Segment shares of all individual segments available upon report purchase
Get Detailed Market Forecasts at the Most Granular Levels
Download PDF
Geography Analysis
China generated nearly three-quarters of the regional volume in 2024; however, its share is expected to decline gradually as inland migration, stricter environmental regulations, and slower real estate starts moderate growth. Intensifying competition prompts producers to differentiate themselves through digital quality control and low-carbon mixes, particularly in coastal megacities where environmental enforcement is stringent. Logistics complexity increases as demand shifts to interior provinces, necessitating fleet upgrades and the establishment of satellite batching yards.
Southeast Asia emerges as the growth hotspot. Indonesia’s ready-mix concrete market size is projected to grow at a 7.03% CAGR through 2030, driven by the USD 32 billion Nusantara capital build and the expansion of industrial estates. Vietnam and Thailand benefit from electronics and automotive reshoring, driving steady uptake of high-performance mixes suitable for automated assembly lines. Malaysia’s Klang Valley resumes mega-rail and highway projects, boosting batch-plant utilization and encouraging regional supply chain consolidation.
Developed markets, such as Japan, Australia, and South Korea, are pivoting toward specialized, high-margin niches. Japan’s seismic retrofits and bridge renewals reward carbon-negative and ultra-durable mixes. Australia’s mining outback needs sulfate-resistant concrete for infrastructure in aggressive soils, while South Korea leverages AI batching exports to offset domestic volume stagnation. Collectively, these dynamics diversify regional demand, requiring producers to tailor strategies across varying growth, regulation, and performance landscapes.
Competitive Landscape
The Asia-Pacific Ready Mix Concrete market is moderately fragmented. Global majors—Holcim, Heidelberg Materials, and UltraTech—continue to pursue vertical integration, utilizing captive cement to buffer margin volatility and secure clinker supply. Technology and sustainability now shape competitive edges. Players deploying IoT drum sensors report delivery punctuality gains of 6-8 percentage points, translating into repeat order wins. Capital-intensive compliance burdens tilt the advantage toward large balance sheets, while local specialists may pivot to service niche markets—such as on-site mini-plants, high-rise pumping, or recycled-aggregate mixes—to stay relevant.
Asia-Pacific Ready Mix Concrete Industry Leaders
-
China West Construction Group Co., Ltd.
-
CNBM
-
Shanghai Construction Group(SCG)
-
SCG
-
Anhui Conch Cement Co., Ltd.
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competitors?
Download PDF
Recent Industry Developments
- October 2025: Bangur Concrete, a brand under Shree Cement Ltd. in India, commissioned a solar-powered ready mix concrete (RMC) plant in Jaipur. The facility is designed to run primarily on renewable energy, significantly reducing greenhouse gas emissions and contributing to Shree Cement’s long-term carbon reduction goals.
- February 2025: Siam City Concrete Co., Ltd. and Amata Corporation PCL. signed a Memorandum of Understanding to support Thailand’s transition towards a low-carbon economy. Siam City Concrete boasts a portfolio of ready-mixed concrete, with compressive strengths ranging from 180 to 800 KSC, all certified for their reduced carbon footprint.
Asia-Pacific Ready Mix Concrete Market Report Scope
Commercial, Industrial and Institutional, Infrastructure, Residential are covered as segments by End Use Sector. Central Mixed, Shrink Mixed, Transit Mixed are covered as segments by Product. Australia, China, India, Indonesia, Japan, Malaysia, South Korea, Thailand, Vietnam are covered as segments by Country.
By Product
| Central Mixed |
| Shrink Mixed |
| Transit Mixed |
By End-Use Sector
| Commercial |
| Industrial and Institutional |
| Infrastructure |
| Residential |
By Country
| Australia |
| China |
| India |
| Indonesia |
| Japan |
| Malaysia |
| South Korea |
| Thailand |
| Vietnam |
| Rest of Asia-Pacific |
| By Product | Central Mixed |
| Shrink Mixed | |
| Transit Mixed | |
| By End-Use Sector | Commercial |
| Industrial and Institutional | |
| Infrastructure | |
| Residential | |
| By Country | Australia |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Malaysia | |
| South Korea | |
| Thailand | |
| Vietnam | |
| Rest of Asia-Pacific |
Need A Different Region or Segment?
Customize Now
Market Definition
- END-USE SECTOR - Ready-mix concrete consumed in the construction sectors such as commercial, residential, industrial, institutional, and infrastructure are considered under the scope of the study.
- PRODUCT/APPLICATION - Under the scope of the study, the consumption of transit-mixed, shrink-mixed, and central-mixed ready-mix concrete are considered.
| Keyword | Definition |
|---|---|
| Accelerator | Accelerators are admixtures used to fasten the setting time of concrete by increasing the initial rate and speeding up the chemical reaction between cement and the mixing water. These are used to harden and increase the strength of concrete quickly. |
| Acrylic | This synthetic resin is a derivative of acrylic acid. It forms a smooth surface and is mainly used for various indoor applications. The material can also be used for outdoor applications with a special formulation. |
| Adhesives | Adhesives are bonding agents used to join materials by gluing. Adhesives can be used in construction for many applications, such as carpet laying, ceramic tiles, countertop lamination, etc. |
| Air Entraining Admixture | Air-entraining admixtures are used to improve the performance and durability of concrete. Once added, they create uniformly distributed small air bubbles to impart enhanced properties to the fresh and hardened concrete. |
| Alkyd | Alkyds are used in solvent-based paints such as construction and automotive paints, traffic paints, flooring resins, protective coatings for concrete, etc. Alkyd resins are formed by the reaction of an oil (fatty acid), a polyunsaturated alcohol (Polyol), and a polyunsaturated acid or anhydride. |
| Anchors and Grouts | Anchors and grouts are construction chemicals that stabilize and improve the strength and durability of foundations and structures like buildings, bridges, dams, etc. |
| Cementitious Fixing | Cementitious fixing is a process in which a cement-based grout is pumped under pressure to fill forms, voids, and cracks. It can be used in several settings, including bridges, marine applications, dams, and rock anchors. |
| Commercial Construction | Commercial construction comprises new construction of warehouses, malls, shops, offices, hotels, restaurants, cinemas, theatres, etc. |
| Concrete Admixtures | Concrete admixtures comprise water reducers, air entrainers, retarders, accelerators, superplasticizers, etc., added to concrete before or during mixing to modify its properties. |
| Concrete Protective Coatings | To provide specific protection, such as anti-carbonation or chemical resistance, a film-forming protective coat can be applied on the surface. Depending on the applications, different resins like epoxy, polyurethane, and acrylic can be used for concrete protective coatings. |
| Curing Compounds | Curing compounds are used to cure the surface of concrete structures, including columns, beams, slabs, and others. These curing compounds keep the moisture inside the concrete to give maximum strength and durability. |
| Epoxy | Epoxy is known for its strong adhesive qualities, making it a versatile product in many industries. It resists heat and chemical applications, making it an ideal product for anyone needing a stronghold under pressure. It is widely used in adhesives, electrical and electronics, paints, etc. |
| Fiber Wrapping Systems | Fiber Wrapping Systems are a part of construction repair and rehabilitation chemicals. It involves the strengthening of existing structures by wrapping structural members like beams and columns with glass or carbon fiber sheets. |
| Flooring Resins | Flooring resins are synthetic materials applied to floors to enhance their appearance, increase their resistance to wear and tear or provide protection from chemicals, moisture, and stains. Depending on the desired properties and the specific application, flooring resins are available in distinct types, such as epoxy, polyurethane, and acrylic. |
| High-Range Water Reducer (Super Plasticizer) | High-range water reducers are a type of concrete admixture that provides enhanced and improved properties when added to concrete. These are also called superplasticizers and are used to decrease the water-to-cement ratio in concrete. |
| Hot Melt Adhesives | Hot-melt adhesives are thermoplastic bonding materials applied as melts that achieve a solid state and resultant strength on cooling. They are commonly used for packaging, coatings, sanitary products, and tapes. |
| Industrial and Institutional Construction | Industrial and institutional construction includes new construction of hospitals, schools, manufacturing units, energy and power plants, etc. |
| Infrastructure Construction | Infrastructure construction includes new construction of railways, roads, seaways, airports, bridges, highways, etc. |
| Injection Grouting | The process of injecting grout into open joints, cracks, voids, or honeycombs in concrete or masonry structural members is known as injection grouting. It offers several benefits, such as strengthening a structure and preventing water infiltration. |
| Liquid-Applied Waterproofing Membranes | Liquid-Applied membrane is a monolithic, fully bonded, liquid-based coating suitable for many waterproofing applications. The coating cures to form a rubber-like elastomeric waterproof membrane and may be applied over many substrates, including asphalt, bitumen, and concrete. |
| Micro-concrete Mortars | Micro-concrete mortar is made up of cement, water-based resin, additives, mineral pigments, and polymers and can be applied on both horizontal and vertical surfaces. It can be used to refurbish residential complexes, commercial spaces, etc. |
| Modified Mortars | Modified Mortars include Portland cement and sand along with latex/polymer additives. The additives increase adhesion, strength, and shock resistance while also reducing water absorption. |
| Mold Release Agents | Mold release agents are sprayed or coated on the surface of molds to prevent a substrate from bonding to a molding surface. Several types of mold release agents, including silicone, lubricant, wax, fluorocarbons, and others, are used based on the type of substrates, including metals, steel, wood, rubber, plastic, and others. |
| Polyaspartic | Polyaspartic is a subset of polyurea. Polyaspartic floor coatings are typically two-part systems that consist of a resin and a catalyst to ease the curing process. It offers high durability and can withstand harsh environments. |
| Polyurethane | Polyurethane is a plastic material that exists in various forms. It can be tailored to be either rigid or flexible and is the material of choice for a broad range of end-user applications, such as adhesives, coatings, building insulation, etc. |
| Reactive Adhesives | A reactive adhesive is made of monomers that react in the adhesive curing process and do not evaporate from the film during use. Instead, these volatile components become chemically incorporated into the adhesive. |
| Rebar Protectors | In concrete structures, rebar is one of the important components, and its deterioration due to corrosion is a major issue that affects the safety, durability, and life span of buildings and structures. For this reason, rebar protectors are used to protect against degrading effects, especially in infrastructure and industrial construction. |
| Repair and Rehabilitation Chemicals | Repair and Rehabilitation Chemicals include repair mortars, injection grouting materials, fiber wrapping systems, micro-concrete mortars, etc., used to repair and restore existing buildings and structures. |
| Residential Construction | Residential construction involves constructing new houses or spaces like condominiums, villas, and landed homes. |
| Resin Fixing | The process of using resins like epoxy and polyurethane for grouting applications is called resin fixing. Resin fixing offers several advantages, such as high compressive and tensile strength, negligible shrinkage, and greater chemical resistance compared to cementitious fixing. |
| Retarder | Retarders are admixtures used to slow down the setting time of concrete. These are usually added with a dosage rate of around 0.2% -0.6% by weight of cement. These admixtures slow down hydration or lower the rate at which water penetrates the cement particles by making concrete workable for a long time. |
| Sealants | A sealant is a viscous material that has little or no flow qualities, which causes it to remain on surfaces where they are applied. Sealants can also be thinner, enabling penetration to a certain substance through capillary action. |
| Sheet Waterproofing Membranes | Sheet membrane systems are reliable and durable thermoplastic waterproofing solutions that are used for waterproofing applications even in the most demanding below-ground structures, including those exposed to highly aggressive ground conditions and stress. |
| Shrinkage Reducing Admixture | Shrinkage-reducing admixtures are used to reduce concrete shrinkage, whether from drying or self-desiccation. |
| Silicone | Silicone is a polymer that contains silicon combined with carbon, hydrogen, oxygen, and, in some cases, other elements. It is an inert synthetic compound that comes in various forms, such as oil, rubber, and resin. Due to its heat-resistant properties, it finds applications in sealants, adhesives, lubricants, etc. |
| Solvent-borne Adhesives | Solvent-borne adhesives are mixtures of solvents and thermoplastic or slightly cross-linked polymers such as polychloroprene, polyurethane, acrylic, silicone, and natural and synthetic rubbers. |
| Surface Treatment Chemicals | Surface treatment chemicals are chemicals used to treat concrete surfaces, including roofs, vertical surfaces, and others. They act as curing compounds, demolding agents, rust removers, and others. They are cost-effective and can be used on roadways, pavements, parking lots, and others. |
| Viscosity Modifier | Viscosity Modifiers are concrete admixtures used to change various properties of admixtures, including viscosity, workability, cohesiveness, and others. These are usually added with a dosage of around 0.01% to 0.1% by weight of cement. |
| Water Reducer | Water reducers, also called plasticizers, are a type of admixture used to decrease the water-to-cement ratio in the concrete, thereby increasing the durability and strength of concrete. Various water reducers include refined lignosulfonates, gluconates, hydroxycarboxylic acids, sugar acids, and others. |
| Water-borne Adhesives | Water-borne adhesives use water as a carrier or diluting medium to disperse resin. They are set by allowing the water to evaporate or be absorbed by the substrate. These adhesives are compounded with water as a dilutant rather than a volatile organic solvent. |
| Waterproofing Chemicals | Waterproofing chemicals are designed to protect a surface from the perils of leakage. A waterproofing chemical is a protective coating or primer applied to a structure's roof, retaining walls, or basement. |
| Waterproofing Membranes | Waterproofing membranes are liquid-applied or self-adhering layers of water-tight materials that prevent water from penetrating or damaging a structure when applied to roofs, walls, foundations, basements, bathrooms, and other areas exposed to moisture or water. |
Need More Details on Market Definition?
Ask a Question
Research Methodology
Mordor Intelligence follows a four-step methodology in all our reports.
- Step-1: Identify Key Variables: The quantifiable key variables (industry and extraneous) pertaining to the specific product segment and country are selected from a group of relevant variables & factors based on desk research & literature review; along with primary expert inputs. These variables are further confirmed through regression modeling (wherever required).
- Step-2: Build a Market Model: In order to build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built on the basis of these variables.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
Get More Details On Research Methodology
Download PDF
