The global ready-mix concrete market is expected to post a CAGR of close to 4% during the period 2019-2023, according to the latest market research report by Technavio.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190808005289/en/
Technavio has announced its latest market research report titled global ready-mix concrete market 2019-2023. (Graphic: Business Wire)
Ready-mix concrete has emerged to become the preferred form of concrete in the construction industry, due to its inherent advantages over site mix concrete. Some of the benefits that ready-mix concrete offer include a careful selection of raw materials, low waste generation, no storage required, safe work practices, and limited noise and air pollution during production.
As per Technavio, the growing popularity of geopolymers in concrete manufacturing will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global ready-mix concrete market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Ready-mix Concrete Market: Growing Popularity of Geopolymers in Concrete Manufacturing
Geopolymers are increasingly being used in concrete manufacturing owing to their superior properties such as resistance to acids, control of high temperature, and ability to impart high strength to buildings. Geopolymers are also used in concrete production to reduce carbon dioxide emissions. Thus, the growing popularity of geopolymers is expected to increase the use of ready-mix concrete during the forecast period.
“Apart from the growing popularity of geopolymers in concrete manufacturing, other factors such as the growing focus on environmental sustainability, and rapid urbanization will have a significant impact on the growth of the ready-mix concrete market value during the forecast period,” says a senior analyst at Technavio.
Global Ready-Mix Concrete Market: Segmentation Analysis
This market research report segments the global ready-mix concrete market by application (residential and non-residential), and geographic regions (APAC, MEA, Europe, South America, and North America).
The APAC region led the ready-mix concrete market in 2018, followed by MEA, Europe, South America, and North America, respectively. The growth of the ready-mix concrete market share in APAC can be attributed to factors such as the rise in the number of construction activities, and the increasing focus on building smart cities in the region.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190808005289/en/
Contacts:
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com
