Market Overview
| Study Period | 2017 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Volume (2025) | 4.23 Billion Cubic meters |
| Market Volume (2030) | 5.45 Billion Cubic meters |
| Growth Rate (2025 - 2030) | 5.22% CAGR |
| Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
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Asia-Pacific Ready Mix Concrete Market Analysis
The Asia-Pacific Ready Mix Concrete Market size is estimated at 4.23 Billion Cubic meters in 2025, and is expected to reach 5.45 Billion Cubic meters by 2030, at a CAGR of 5.22% during the forecast period (2025-2030).
The Asia-Pacific ready mix concrete industry has established itself as a cornerstone of global construction materials, commanding approximately 75% of the global market share in 2022. This dominance reflects the region's robust construction activity and technological advancement in concrete manufacturing processes. The industry has witnessed significant modernization in production techniques, with manufacturers increasingly adopting automated batching plants and quality control systems to ensure consistent product quality. The integration of digital technologies, including IoT sensors and real-time monitoring systems, has enhanced production efficiency and enabled better inventory management. These technological advancements have particularly benefited major urban construction projects, where precision and quality control are paramount.
Public-private partnerships have emerged as a crucial catalyst for market growth, particularly in infrastructure development. This trend is exemplified by China's substantial investment in transport infrastructure, which reached USD 165.6 billion in 2022. The collaboration between government entities and private sector players has facilitated the implementation of large-scale construction projects while ensuring efficient resource allocation and risk sharing. These partnerships have also fostered innovation in construction methodologies and materials, leading to the development of specialized concrete technology formulations for specific applications.
Urbanization continues to drive market dynamics, with several ambitious city development projects underway across the region. A prime example is Indonesia's landmark USD 32 billion capital city relocation project from Jakarta to Borneo Island, scheduled for completion by 2045. This massive undertaking encompasses the construction of housing complexes, manufacturing units, and essential infrastructure, representing a significant opportunity for the ready mix concrete industry. Similar urban development initiatives across the region are creating sustained demand for advanced construction materials and innovative concrete solutions.
Environmental sustainability has become increasingly central to industry operations, with manufacturers focusing on developing eco-friendly concrete formulations and optimizing production processes to reduce carbon emissions. The industry has witnessed growing adoption of supplementary cementitious materials and alternative aggregates to reduce the environmental impact of concrete production. Advanced mixing technologies and precise batching systems have enabled better resource utilization and waste reduction. The construction sector's floor area expansion, evidenced by the addition of approximately 410 million square feet in residential construction in 2023, has been accompanied by heightened emphasis on sustainable building practices and materials efficiency.
Asia-Pacific Ready Mix Concrete Market Trends
Rising retail and office spaces in countries such as India to boost the Asia-Pacific commercial construction sector
- In 2022, Asia-Pacific witnessed a 3.23% decline in its commercial new floor area compared to the previous year. This setback was attributed to factors such as regulatory pressures, higher inflation, and a surge in mortgage rates. In 2023, the region rebounded, with commercial construction new floor area increasing by approximately 146 million sq. ft. This surge was primarily driven by a rise in foreign direct investment (FDI), which spurred the demand for new offices, warehouses, retail outlets, and other facilities. Notably, the Vietnamese construction sector attracted an FDI capital of USD 71.44 million in 2023.
- In 2020, the Asia-Pacific region experienced a significant setback in commercial new floor area, with a volume decline of 21.92% compared to 2019. This decline was primarily due to widespread government lockdowns, which disrupted project work and severely impacted supply chains, equipment, and labor. However, as restrictions eased, the region witnessed a remarkable rebound, with its commercial new floor area surging by 20.98% in 2021, reaching a volume of approximately 526 million sq. ft.
- Asia-Pacific's commercial new floor area is projected to witness substantial growth, with an estimated increase of 1.41 billion sq. ft by 2030 compared to 2023. This surge is fueled by a rising demand for shopping malls, office spaces, retail outlets, and more. The Asia-Pacific region is emerging as a global retail powerhouse, contributing to nearly three-quarters of the worldwide retail growth. For instance, the Indian Grade A office market in its top seven cities may to expand to 1 billion sq. ft by 2026 and further to 1.2 billion sq. ft. by 2030. Overall, the commercial new floor area in Asia-Pacific is projected to witness a volume CAGR of 5.16% during the forecast period.
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Rising affordable housing units, such as India’s likely to reach 25 million by 2030, to augment the residential constructions in the region
- In 2022, the residential new floor area in the Asia-Pacific region saw a volume decline of approximately 5.39% from the previous year. This dip was a result of the sector normalizing after a surge in building activity during the COVID-19 pandemic. The region's residential sector is driven by a growing population, increasing wealth, and rapid urbanization. The residential new floor area in the region was expected to rise by 410 million sq. ft in 2023 compared to 2022.
- In 2020, the residential new floor area in Asia-Pacific declined in volume by around 5.06% compared to 2019. This was primarily due to government-imposed lockdowns, disruptions in the supply chain, labor shortages, reduced construction productivity, and low foreign investments. However, as restrictions eased, the region saw a significant rebound, with the residential new floor area surging by about 1.4 billion sq. ft in 2021, driven by the addition of new residential housing units. For instance, in 2021 alone, the Indian residential real estate market introduced approximately 163 thousand new residential units across its top seven cities.
- The residential new floor area in the Asia-Pacific region is projected to witness a CAGR of 3.98% during the forecast period. This growth can be attributed to the demand for housing, increased investments, and favorable government policies. The focus on constructing more affordable housing units is expected to rejuvenate the residential construction sector in the region, aiding its recovery. By 2030, it is estimated that over 40% of India's population will reside in urban areas, leading to a demand for an additional 25 million affordable housing units. This surge in demand is expected to push the Indian residential real estate market to reach 1.5 million units by 2030.
OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- Rise in warehousing space, such as India's around 500 million sq. ft increase by 2030, is likely to boost the demand for industrial & institutional constructions in the region
- Increasing infrastructure needs, which are likely to exceed USD 22.6 trillion by 2030, will augment the demand for the infrastructure sector
Segment Analysis: End Use Sector
Residential Segment in Asia-Pacific Ready Mix Concrete Market
The residential segment continues to dominate the Asia-Pacific ready mix concrete market, commanding approximately 39% of the total market share in 2024. This significant market position is primarily driven by extensive housing development initiatives across the region, particularly in China and India. The segment's prominence is further reinforced by government-backed affordable housing schemes, urbanization trends, and favorable mortgage rates in key markets. Major residential construction projects, including China's plan for new residential units and India's Smart City Project with a planned investment of USD 24.3 billion, are contributing substantially to the segment's market leadership. The residential sector's dominance is also supported by the increasing adoption of premixed concrete in building foundations, floors, walls, and columns, showcasing its versatility in modern construction practices.
Commercial Segment in Asia-Pacific Ready Mix Concrete Market
The commercial segment is emerging as the most dynamic sector in the Asia-Pacific ready mix concrete market, projected to grow at approximately 7% during 2024-2029. This remarkable growth trajectory is being fueled by several factors, including the rising demand for new shopping malls, office spaces, and retail outlets across the region. The segment's expansion is particularly evident in major metropolitan areas where there is a growing need for modern commercial infrastructure. The surge in e-commerce activities is driving demand for multi-story warehouses, while the increasing influx of tourists in countries like India, Vietnam, and Indonesia is propelling the construction of new hotels and resorts. Several upcoming commercial construction projects, including the Northern Gateway for the Western Sydney Aerotropolis Project in Australia and the Seomyeon Office Building Development in South Korea, with a planned investment of USD 715 million, are expected to maintain this growth momentum.
Remaining Segments in End Use Sector
The infrastructure and industrial & institutional segments play crucial roles in shaping the Asia-Pacific ready mix concrete market. The infrastructure segment is driven by massive government investments in transportation networks, including roads, railways, and airports, particularly in developing economies. Countries like China, Indonesia, India, and Vietnam account for a significant portion of global infrastructure investments, supported by various public-private partnership initiatives. Meanwhile, the industrial & institutional segment is experiencing growth through investments in energy and power projects, manufacturing facilities, and educational institutions. The segment's development is particularly notable in countries focusing on expanding their industrial capabilities and improving institutional infrastructure.
Segment Analysis: Product
Transit Mixed Segment in Asia-Pacific Ready Mix Concrete Market
Transit mixed concrete dominates the Asia-Pacific ready mix concrete market, commanding approximately 73% market share in 2024. This segment's prominence is primarily attributed to its cost-effectiveness, as it requires minimal use of admixtures compared to other mixing methods. The concrete is mixed during concrete transportation, making it particularly suitable for construction projects with strict timelines and budget constraints. The segment's strong position is further reinforced by its widespread adoption across residential, commercial, and infrastructure projects throughout the region, particularly in countries like China and India where construction activities are extensive. Transit mixed concrete's popularity among contractors stems from its ability to maintain consistent quality while offering logistical advantages in urban construction environments.
Shrink Mixed Segment in Asia-Pacific Ready Mix Concrete Market
The shrink mixed concrete segment is emerging as the most dynamic growth segment in the Asia-Pacific ready mix concrete market, projected to expand at approximately 6% CAGR from 2024 to 2029. This remarkable growth trajectory is driven by the segment's unique advantages, combining the benefits of both central and transit mixing methods. The segment is gaining significant traction in major construction markets like China, South Korea, and India, where its ability to increase truck load capacity while maintaining the advantages of transit-mixed concrete is highly valued. The growth is further supported by the increasing adoption of shrink mixed concrete in infrastructure projects, particularly in urban development initiatives and large-scale residential construction projects across the region.
Remaining Segments in Product Segmentation
The Central Mixed segment continues to play a vital role in the Asia-Pacific ready mix concrete market, particularly in applications requiring high-quality concrete with precisely controlled mixing conditions. This segment is especially prominent in infrastructure projects where stringent quality control requirements necessitate complete mixing at the plant before transportation. Central Mixed concrete's ability to ensure consistent quality and optimal mixing makes it particularly valuable for complex construction projects requiring specialized concrete specifications, though its higher cost due to the need for admixtures to prevent early hardening influences its market position. The use of advanced concrete mixing equipment in this segment ensures the highest standards of concrete quality are met.
Asia-Pacific Ready Mix Concrete Market Geography Segment Analysis
Ready Mix Concrete Market in China
China continues to dominate the Asia-Pacific ready mix concrete landscape, with its robust construction sector and extensive infrastructure development initiatives. The country accounts for approximately 78% of the region's market share in 2024, driven by significant investments in both residential and commercial construction projects. The government's focus on sustainable urban development, coupled with relaxed home purchase restrictions and favorable mortgage rates, has created a conducive environment for market growth. Major cities like Beijing, Shanghai, and Hong Kong are witnessing substantial demand for Grade A office spaces, while the residential sector benefits from various supportive policies. The country's commitment to industrial modernization, particularly in manufacturing facilities equipped with advanced technological systems, further strengthens the market dynamics. Additionally, the integration of innovative concrete solutions and sustainable practices has positioned China as a trendsetter in the regional ready mix concrete industry. Leading China ready mix concrete manufacturers are pivotal in driving these advancements.
Ready Mix Concrete Market in Indonesia
Indonesia's ready mix concrete market is experiencing remarkable growth, projected to expand at approximately 7% CAGR from 2024 to 2029, positioning it as the fastest-growing market in the region. The country's construction sector, which ranks as the fourth-largest contributor to its GDP, is undergoing significant transformation driven by ambitious government initiatives. The implementation of the Housing Financing Liquidity Facility scheme and the One Million Houses Program has created substantial demand for ready mix concrete in residential construction. Indonesia's strategic transition towards becoming an ASEAN manufacturing hub, particularly in electric vehicles and petrochemical products, has spurred industrial construction activities. The government's Increase the Use of Domestic Products (P3DN) program further supports this industrialization process, creating additional demand for ready mix concrete. The country's focus on developing modern infrastructure and commercial spaces in major urban centers continues to drive market expansion.
Ready Mix Concrete Market in India
India's ready mix concrete market demonstrates robust growth potential, supported by extensive infrastructure development and urban transformation initiatives. The implementation of the Smart City Project and various affordable housing schemes has created substantial demand across residential and commercial sectors. The country's construction landscape is experiencing a paradigm shift with increasing adoption of modern construction techniques and quality standards. Major metropolitan areas are witnessing significant development in commercial spaces, particularly office buildings and retail infrastructure. The government's emphasis on infrastructure development through various initiatives has created a strong pipeline of projects. Additionally, the trend towards sustainable construction practices and the increasing preference for ready mix concrete over traditional mixing methods continues to drive market growth. The country's focus on developing smart cities and modern urban infrastructure further reinforces the positive market outlook.
Ready Mix Concrete Market in Japan
Japan's ready mix concrete market showcases steady growth despite demographic challenges, driven by urban renewal projects and infrastructure modernization initiatives. The country's unique approach to residential construction, particularly the preference for new builds over renovations, continues to generate consistent demand. Urban infrastructure development, including significant investments in transportation systems and commercial spaces, further supports market growth. The country's emphasis on earthquake-resistant construction and advanced building technologies has led to increased adoption of high-performance concrete solutions. Major cities are witnessing substantial development in modern office spaces and commercial infrastructure. The integration of innovative concrete technologies and sustainable construction practices has become increasingly prominent in the Japanese market. The country's focus on quality and precision in construction continues to influence ready mix concrete specifications and applications.
Ready Mix Concrete Market in Other Countries
The ready mix concrete market in other Asia-Pacific countries, including South Korea, Vietnam, Thailand, Malaysia, and Australia, exhibits diverse growth patterns influenced by their respective construction sectors and economic developments. South Korea's market is driven by extensive urban development projects and residential construction initiatives, while Vietnam benefits from increasing foreign direct investment in construction activities. Thailand's market is supported by infrastructure development and tourism-related construction projects, and Malaysia's growth is fueled by both residential and commercial construction activities. Australia's market continues to evolve with its focus on sustainable construction practices and infrastructure development. These countries demonstrate varying levels of market maturity and growth potential, influenced by their unique economic conditions, construction sector dynamics, and regulatory environments. The adoption of advanced technologies and sustainable practices continues to shape market development across these regions. Notably, the presence of advanced concrete batching plant and concrete mixing plant facilities enhances the concrete supply chain efficiency in these markets.
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Asia-Pacific Ready Mix Concrete Industry Overview
Top Companies in Asia-Pacific Ready Mix Concrete Market
Leading companies in the market are focusing on strategic initiatives to maintain their competitive edge. Product innovation has emerged as a key differentiator, with companies developing specialized concrete solutions for specific applications and environmental conditions. Operational agility is demonstrated through investments in advanced batching plants and logistics networks to ensure efficient delivery and quality control. Companies are actively pursuing geographical expansion through new production facilities and strategic partnerships, particularly in high-growth regions. The industry is witnessing a trend toward sustainability, with manufacturers developing low-carbon concrete solutions and implementing circular economy practices in their operations. Market leaders are also strengthening their positions through vertical integration, controlling raw material sources, and establishing comprehensive distribution networks.
Fragmented Market with Strong Regional Players
The Asia-Pacific ready-mix concrete market exhibits a highly fragmented structure, characterized by the presence of both large conglomerates and regional specialists. Major players like China National Building Material Group Corporation, CSCEC, and BBMG Corporation dominate the market through their extensive production capacities and well-established distribution networks. These companies leverage their integrated operations, spanning from raw material procurement to end-product delivery, to maintain competitive advantages. Local players maintain significant market presence in their respective regions through deep customer relationships and understanding of local construction requirements.
The market is witnessing gradual consolidation through strategic acquisitions and joint ventures, particularly in emerging economies. Companies are forming partnerships to enhance their technological capabilities and expand their geographical footprint. The industry structure is evolving with the entry of international players who bring advanced concrete technology and operational expertise. Regional players are strengthening their positions through strategic alliances with construction companies and infrastructure developers, while larger conglomerates are expanding their presence through acquisitions of local manufacturers.
Innovation and Sustainability Drive Future Growth
Success in the market increasingly depends on companies' ability to innovate and adapt to changing customer requirements. Incumbents are focusing on developing specialized products for different applications while investing in research and development to improve product performance and sustainability. Companies are also strengthening their distribution networks and customer service capabilities to maintain market share. The adoption of digital technologies for production optimization and quality control is becoming crucial for maintaining competitiveness. Market leaders are establishing strong relationships with key construction companies and government agencies to secure large infrastructure projects.
For contenders looking to gain market share, differentiation through specialized products and superior service quality is essential. Companies need to focus on developing environmentally sustainable products to meet growing regulatory requirements and customer preferences. Building strong relationships with raw material suppliers and investing in efficient logistics networks are crucial for maintaining competitive pricing. The market presents opportunities for companies that can offer innovative solutions for specific construction challenges while maintaining cost competitiveness. Success also depends on the ability to navigate regulatory requirements and maintain high quality standards while managing operational costs effectively. Additionally, the integration of concrete admixture in product development is becoming a significant factor in enhancing product performance.
Asia-Pacific Ready Mix Concrete Market Leaders
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BBMG Corporation
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China National Building Material Group Corporation
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CSCEC
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Foshan Huijiang Concrete Co., Ltd.
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Shanghai Construction Group(SCG)
- *Disclaimer: Major Players sorted in no particular order
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Asia-Pacific Ready Mix Concrete Market News
- July 2022: Foshan Huijiang Concrete Co., Ltd. recently commissioned its new production facility, Huijiang Yanghe Production Base, which is located in Yanghe Town, Gaoming District, in China. The new manufacturing unit has four fully automatic production lines, which can annually produce 4.5 million cubic meters of all grades of ready-mixed concrete.
- March 2022: Foshan Huijiang Concrete Co., Ltd.'s partnership with Guangdong Xin Building Materials Co. Ltd led to the construction of a new concrete production base for Huijiang Group in Nansha. This successful partnership and expansion will catapult the company into the ready-mix concrete market in China.
- September 2020: Ube Industries and Mitsubishi Materials signed a definitive partnership agreement announcing its joint venture, Mitsubishi UBE Cement Corporation. This agreement includes the integration of the ready-mix concrete and cement businesses comprising the production units, product portfolios, and logistics of both companies. Through this partnership, the company aims to establish a strong foothold in the Asia-Pacific concrete market.
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We provide a complimentary and exhaustive set of data points on global and regional metrics that present the fundamental structure of the industry. Presented in the form of 24+ free charts, the section covers rare data on newly built floor area, infrastructural spending, and existing construction floor area across residential, commercial, industrial and institutional sectors.
List of Tables & Figures
- Figure 1:
- FLOOR AREA OF NEW COMMERCIAL CONSTRUCTION, SQUARE FEET, ASIA-PACIFIC, 2018 - 2030
- Figure 2:
- FLOOR AREA OF NEW INDUSTRIAL AND INSTITUTIONAL CONSTRUCTION, SQUARE FEET, ASIA-PACIFIC, 2018 - 2030
- Figure 3:
- SPENDING ON INFRASTRUCTURE PROJECTS, USD, ASIA-PACIFIC, 2018 - 2030
- Figure 4:
- FLOOR AREA OF NEW RESIDENTIAL CONSTRUCTION, SQUARE FEET, ASIA-PACIFIC, 2018 - 2030
- Figure 5:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, ASIA-PACIFIC, 2018 - 2030
- Figure 6:
- VOLUME OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, CUBIC METERS, ASIA-PACIFIC, 2018 - 2030
- Figure 7:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 8:
- VOLUME OF READY-MIX CONCRETE CONSUMED IN COMMERCIAL SECTOR, CUBIC METERS, ASIA-PACIFIC, 2018 - 2030
- Figure 9:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED IN COMMERCIAL SECTOR, BY PRODUCT, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 10:
- VOLUME OF READY-MIX CONCRETE CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, CUBIC METERS, ASIA-PACIFIC, 2018 - 2030
- Figure 11:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED IN INDUSTRIAL AND INSTITUTIONAL SECTOR, BY PRODUCT, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 12:
- VOLUME OF READY-MIX CONCRETE CONSUMED IN INFRASTRUCTURE SECTOR, CUBIC METERS, ASIA-PACIFIC, 2018 - 2030
- Figure 13:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED IN INFRASTRUCTURE SECTOR, BY PRODUCT, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 14:
- VOLUME OF READY-MIX CONCRETE CONSUMED IN RESIDENTIAL SECTOR, CUBIC METERS, ASIA-PACIFIC, 2018 - 2030
- Figure 15:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED IN RESIDENTIAL SECTOR, BY PRODUCT, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 16:
- VOLUME OF READY-MIX CONCRETE CONSUMED BY PRODUCT, CUBIC METERS, ASIA-PACIFIC, 2018 - 2030
- Figure 17:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY PRODUCT, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 18:
- VOLUME OF CENTRAL MIXED REINFORCED CONCRETE CONSUMED, CUBIC METERS, ASIA-PACIFIC, 2018 - 2030
- Figure 19:
- VOLUME SHARE OF CENTRAL MIXED REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 20:
- VOLUME OF SHRINK MIXED REINFORCED CONCRETE CONSUMED, CUBIC METERS, ASIA-PACIFIC, 2018 - 2030
- Figure 21:
- VOLUME SHARE OF SHRINK MIXED REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 22:
- VOLUME OF TRANSIT MIXED REINFORCED CONCRETE CONSUMED, CUBIC METERS, ASIA-PACIFIC, 2018 - 2030
- Figure 23:
- VOLUME SHARE OF TRANSIT MIXED REINFORCED CONCRETE CONSUMED BY END USE SECTOR, %, ASIA-PACIFIC, 2023 VS 2030
- Figure 24:
- VOLUME OF READY-MIX CONCRETE CONSUMED BY COUNTRY, CUBIC METERS, ASIA-PACIFIC, 2018 - 2030
- Figure 25:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY COUNTRY, %, ASIA-PACIFIC, 2018 VS 2023 VS 2030
- Figure 26:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, AUSTRALIA, 2018 - 2030
- Figure 27:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, AUSTRALIA, 2023 VS 2030
- Figure 28:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, CHINA, 2018 - 2030
- Figure 29:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, CHINA, 2023 VS 2030
- Figure 30:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, INDIA, 2018 - 2030
- Figure 31:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, INDIA, 2023 VS 2030
- Figure 32:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, INDONESIA, 2018 - 2030
- Figure 33:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, INDONESIA, 2023 VS 2030
- Figure 34:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, JAPAN, 2018 - 2030
- Figure 35:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, JAPAN, 2023 VS 2030
- Figure 36:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, MALAYSIA, 2018 - 2030
- Figure 37:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, MALAYSIA, 2023 VS 2030
- Figure 38:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, SOUTH KOREA, 2018 - 2030
- Figure 39:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, SOUTH KOREA, 2023 VS 2030
- Figure 40:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, THAILAND, 2018 - 2030
- Figure 41:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, THAILAND, 2023 VS 2030
- Figure 42:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, VIETNAM, 2018 - 2030
- Figure 43:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, VIETNAM, 2023 VS 2030
- Figure 44:
- VOLUME OF READY-MIX CONCRETE CONSUMED, CUBIC METERS, REST OF ASIA-PACIFIC, 2018 - 2030
- Figure 45:
- VOLUME SHARE OF READY-MIX CONCRETE CONSUMED BY END USE SECTOR, %, REST OF ASIA-PACIFIC, 2023 VS 2030
- Figure 46:
- MOST ACTIVE COMPANIES BY NUMBER OF STRATEGIC MOVES, ASIA-PACIFIC, 2020 - 2023
- Figure 47:
- MOST ADOPTED STRATEGIES, COUNT, ASIA-PACIFIC, 2020 - 2023
- Figure 48:
- PRODUCTION CAPACITY SHARE OF READY-MIX CONCRETE BY MAJOR PLAYERS, %, ASIA-PACIFIC, 2022
Asia-Pacific Ready Mix Concrete Industry Segmentation
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.| End Use Sector | Commercial |
| Industrial and Institutional | |
| Infrastructure | |
| Residential | |
| Product | Central Mixed |
| Shrink Mixed | |
| Transit Mixed | |
| Country | Australia |
| China | |
| India | |
| Indonesia | |
| Japan | |
| Malaysia | |
| South Korea | |
| Thailand | |
| Vietnam | |
| Rest of Asia-Pacific |
End Use Sector
| Commercial |
| Industrial and Institutional |
| Infrastructure |
| Residential |
Product
| Central Mixed |
| Shrink Mixed |
| Transit Mixed |
Country
| Australia |
| China |
| India |
| Indonesia |
| Japan |
| Malaysia |
| South Korea |
| Thailand |
| Vietnam |
| Rest of Asia-Pacific |
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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. |
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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
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