Market Overview
| Study Period | 2019 - 2030 |
|---|---|
| Market Volume (2025) | 5.47 Billion cubic meters |
| Market Volume (2030) | 6.91 Billion cubic meters |
| Growth Rate (2025 - 2030) | 4.79% CAGR |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0. |
|
Ready Mix Concrete Market Analysis by Mordor Intelligence
The Ready Mix Concrete Market size is estimated at 5.47 billion cubic meters in 2025, and is expected to reach 6.91 billion cubic meters by 2030, at a CAGR of 4.79% during the forecast period (2025-2030). Robust public‐sector pipelines in Asia-Pacific and North America underpin this volume growth, while digital dispatch platforms and telematics improve fleet productivity, lower delivery variability, and strengthen supplier margins. Low-carbon mix designs that replace clinker with supplementary cementitious materials gain traction because governments attach compliance requirements to infrastructure spending. Raw-material price spikes since 2019 have narrowed producer spreads, yet suppliers that backward-integrate into aggregates and cement—and adopt real-time quality monitoring—sustain healthier earnings. At the same time, mergers such as Quikrete–Summit and CRH’s regional asset buys indicate that scale economies and geographic density remain critical levers in the ready mix concrete market.
Key Report Takeaways
- By product type, transit mixed concrete led with 73.41% of the ready mix concrete market share in 2024. Shrink mixed concrete is projected to advance at a 5.74% CAGR through 2030.
- By end-use sector, residential construction commanded a 37.39% share of the ready mix concrete market size in 2024. Infrastructure applications are forecast to expand at a 6.04% CAGR to 2030.
- By geography, Asia-Pacific captured 77.17% share of the ready mix concrete market in 2024 and is set to grow at a 5.14% CAGR through 2030.
Global Ready Mix Concrete Market Trends and Insights
Drivers Impact Analysis
| Driver | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Rapid urbanization and housing demand | +1.80% | Global, with APAC core concentration | Long term (≥ 4 years) |
| Government mega-infrastructure pipelines | +1.20% | APAC, North America, selective EU markets | Medium term (2-4 years) |
| Preference for quality-controlled off-site batching | +0.90% | Developed markets, expanding to emerging economies | Short term (≤ 2 years) |
| Environmental push for material efficiency | +0.70% | EU, North America, with regulatory spillover to APAC | Long term (≥ 4 years) |
| Digital dispatch and telematics optimize delivery | +0.70% | Global, led by technology-forward companies | Short term (≤ 2 years) |
| Source: Mordor Intelligence | |||
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Rapid Urbanization and Housing Demand
Fast-growing urban populations in India, Indonesia, and Vietnam continue to translate into large housing backlogs. Developers favor off-site batched concrete for its strength uniformity, compliance with evolving building codes, and shorter project cycles. Despite an overhang in China’s property segment, factory construction and logistics hubs still consume sizeable volumes, cushioning regional volatility. Combined, these forces extend the demand runway for the ready mix concrete market well into the next decade.
Government Mega-Infrastructure Pipelines
Multi-year budget commitments provide visibility that allows producers to green-light capacity additions. The United States allocated USD 214 billion for transportation construction in 2024, while India’s National Infrastructure Pipeline covers 7,400 projects ranging from highways to renewable power. Similar agendas in Indonesia and Australia lock in long-cycle demand, ensuring that plant utilizations remain above breakeven even during residential downturns.
Preference for Quality-Controlled Off-Site Batching
Regulators increasingly codify ASTM C94 and EN 206 requirements, encouraging contractors to source centrally batched mixes[1]ASTM International, “ASTM C94/C94M Standard Specification for Ready-Mixed Concrete,” astm.org. Automated moisture measurement, real-time slump adjustments, and digital traceability collectively reduce rework and help builders pass tight inspection regimes. This quality premium safeguards margins for suppliers and deepens the penetration of the ready mix concrete market into high-rise, bridge, and industrial projects.
Environmental Push for Material Efficiency
The EU’s Carbon Border Adjustment Mechanism prices embedded emissions at the border, while India targets a 40% reduction in cement-related CO₂ by 2030[2]European Commission, “Carbon Border Adjustment Mechanism,” ec.europa.eu . Producers respond with limestone calcined clay blends, recycled aggregates, and carbon capture integration. Product lines such as Holcim’s ECOPact and Cemex’s Vertua achieve up to 70% lower embodied carbon, commanding green-building premiums and shifting specification norms.
Restraints Impact Analysis
| Restraint | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Raw-material price volatility | -1.10% | Global, with regional supply chain variations | Short term (≤ 2 years) |
| Short workable life/logistics risk | -0.80% | High-density urban markets, remote project locations | Medium term (2-4 years) |
| Proliferation of on-site volumetric mixers | -0.80% | North America, expanding to developed markets | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Raw-Material Price Volatility
Cement prices have risen 38% and aggregates 31% since 2019, squeezing spreads when contract structures delay pass-through. Geopolitical energy shocks and trucking shortages amplify cost unpredictability, compelling producers to diversify sourcing and adopt index-linked pricing. Customers, however, increasingly demand fixed-price contracts, transferring risk back to suppliers and tempering growth in the ready mix concrete market.
Short Workable Life and Logistics Risk
Concrete typically must be placed within 90 minutes after batching. Congested road networks and remote job sites heighten rejection rates, especially in mega-cities such as Jakarta and Lagos. Although admixtures extend workability, fleet coordination and intermittent site access still pose hurdles that temper full penetration of the ready mix concrete market.
Segment Analysis
By Product Type: Transit Mixed Maintains Scale While Shrink Mixed Gains Speed
Transit mixed concrete accounted for 73.41% of the ready mix concrete market in 2024, supported by vast truck fleets, established orders, and competitive delivered costs. Shrink mixed concrete, while only a fraction of volume, is projected to post a 5.74% CAGR as builders tackle longer transport distances and tighter on-site pouring windows. Adoption is rising in Latin American metros where traffic congestion narrows scheduling buffers. Central mixed concrete remains preferred for dams and nuclear projects that specify peak uniformity, though its share inches forward only when regional megaprojects come to tender.
The ready mix concrete market size attributed to shrink mixed solutions is expected to grow by 2030, supported by performance admixtures that maintain slump for up to three hours. Producers invest in dual-purpose drum plants capable of both shrink and transit mixes to serve evolving demand with minimal downtime.
Note: Segment shares of all individual segments available upon report purchase
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By End-Use Sector: Infrastructure Sprint Outpaces Steady Housing
The residential segment underpinned 37.39% of 2024 volumes, reflecting steady ground slab and structural column requirements. Growth, however, tilts toward infrastructure, which is projected to climb at a 6.04% CAGR through 2030 on the back of highways, metros, and renewable energy foundations.
Housing activity stabilizes around 2.55 billion m³ as mortgage costs and demographic plateaus tame starts in developed nations. Commercial floorspace additions follow omni-channel retail logistics needs, while industrial builds spike in semiconductor and battery factories that demand high early-strength and low-shrink mixes.
Note: Segment shares of all individual segments available upon report purchase
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Geography Analysis
Asia-Pacific dominates the ready mix concrete market with 77.17% share in 2024 and a forecast 5.14% CAGR to 2030. India’s USD 1.4 trillion National Infrastructure Pipeline encompasses highways, dedicated freight corridors, and 50 million affordable homes, ensuring multi-year demand visibility. Indonesia’s USD 412 billion connectivity blueprint, Vietnam’s manufacturing boom, and continued Chinese public-works spending offset softness in the mainland residential sector. High-volume producers install additional plants along economic corridors such as the Delhi-Mumbai Expressway to cut haulage distances and meet carbon targets.
North America contributes stable growth as federal funding lines disburse for bridges, port dredging, and electric vehicle charging corridors. The United States poured roughly 400 million yd³ (USD 64 billion) in 2023 and expects mid-single-digit volume increases in 2025–2026. Canada advances urban transit, while Mexico’s near-shoring wave fuels industrial parks along the border.
Europe’s energy shock trimmed 2024 output, yet policy stimuli centered on renovation and on-shore wind platforms sustain baseline demand. Carbon price escalation under CBAM accelerates the migration to low-clinker mixes, allowing environmentally differentiated suppliers to expand shares despite broader construction contraction. Eastern European markets tap EU cohesion funds for rail and wastewater upgrades, lifting long-term tonnage potential and giving the ready mix concrete market renewed momentum region-wide.
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Competitive Landscape
The ready-mix concrete market is highly fragmented. Quikrete's USD 11.5 billion acquisition of Summit Materials marks the largest deal to date, strengthening its scale while reinforcing its position in the U.S. market. Heidelberg Materials’ USD 600 million buy of Giant Cement and CRH’s USD 2.1 billion Texas assets purchase underscore a race to secure aggregate reserves, optimize haul distances, and lock in cement kilns close to demand centers. Global majors Holcim and Cemex channel R&D toward carbon-minimized mixes and embedded sensor platforms, protecting premium positions in specification-driven infrastructures such as offshore wind.
Technology differentiation widens as leaders deploy AI dispatch engines that integrate traffic feeds, plant loadings, and weather projections to shave delivery cycle times. On the sustainability front, in-house CO₂ mineralization pilots and clinker substitution patents relocate competition from price per cubic yard to embodied-carbon per cubic yard, reshaping tender criteria. Regional independents counter by specializing in short-haul markets, mobile batch offerings, or by adopting franchise models that transfer best-practice playbooks across metro clusters, thereby preserving niches within the ready mix concrete market.
Ready Mix Concrete Industry Leaders
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CEMEX SAB de CV
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China National Building Material Group Corporation
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Heidelberg Materials
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Holcim
-
China West Construction Group
- *Disclaimer: Major Players sorted in no particular order
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Recent Industry Developments
- May 2025: Boral Limited announced the acquisition of the Wallan Concrete plant in the North of Melbourne. The strategic acquisition of the concrete plant allows Boral to service customers in an identified growth corridor as part of Boral’s integrated operations.
- April 2025: Heidelberg Materials announced that it has entered into a conditional purchase agreement to acquire the ready-mixed concrete business of Midway Concrete. The company operates four concrete plants at Laverton, Craigieburn, Melton, and Lara. This acquisition complements the existing concrete and quarry operations within Melbourne, strengthening the company's integrated market position in the region.
Global 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. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.
By Product Type
| Central Mixed |
| Shrink Mixed |
| Transit Mixed |
By End-use Sector
| Commercial |
| Industrial and Institutional |
| Infrastructure |
| Residential |
By Geography
| Asia-Pacific | China |
| India | |
| Japan | |
| South Korea | |
| Australia | |
| Indonesia | |
| Vietnam | |
| Rest of Asia-Pacific | |
| North America | United States |
| Canada | |
| Mexico | |
| Europe | Germany |
| France | |
| United Kingdom | |
| Italy | |
| Spain | |
| Russia | |
| Rest of Europe | |
| South America | Brazil |
| Argentina | |
| Rest of South America | |
| Middle-East and Africa | Saudi Arabia |
| United Arab Emirates | |
| Rest of Middle-East and Africa |
| By Product Type | Central Mixed | |
| Shrink Mixed | ||
| Transit Mixed | ||
| By End-use Sector | Commercial | |
| Industrial and Institutional | ||
| Infrastructure | ||
| Residential | ||
| By Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Australia | ||
| Indonesia | ||
| Vietnam | ||
| Rest of Asia-Pacific | ||
| North America | United States | |
| Canada | ||
| Mexico | ||
| Europe | Germany | |
| France | ||
| United Kingdom | ||
| Italy | ||
| Spain | ||
| Russia | ||
| Rest of Europe | ||
| South America | Brazil | |
| Argentina | ||
| Rest of South America | ||
| Middle-East and Africa | Saudi Arabia | |
| United Arab Emirates | ||
| Rest of Middle-East and Africa | ||
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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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